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hello from Palomalou
Old 04-26-2011, 10:03 PM   #1
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hello from Palomalou

I'm an academic who plans to exit the "ivory tower" (no such thing, in my experience) in a year at the age of 57. Adorable spouse, no kids. Having had four huge health crises (1991, 1992, 1995, and 2009) I want to make sure I HAVE some retirement! Didn't save enough in the 90s, because with my health so dicey, there wasn't much motivation. We'll move back to NYC and probably do a bit of part-time stuff, which I understand isn't really "retirement", but will accomplish my/our goals. Glad to meet you all!
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Old 04-26-2011, 10:13 PM   #2
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Welcome! "Part-time stuff" is not a disqualifier around here - after 6+ months of decompression (from corporate life) I'm planning to start some consulting and/or teaching.

NYC sounds like a challenging place for ER with limited savings. (Our DD who is about to graduate from college wants to work there but affording it is a major issue even though she considers Goodwilll a high end store.)

Good luck in your †ransi†ion, there are lots of good folks here!!!
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Old 04-27-2011, 05:29 AM   #3
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Welcome, palomalou.
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Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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Old 04-27-2011, 08:20 AM   #4
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Welcome. Sorry to hear about your health issues, but less stress has gotta help and certainly can't hurt.
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Old 04-27-2011, 08:46 AM   #5
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Thanks! While some might consider our savings limited, ORP and Firecalc say it's doable, with a significant increase in our current budget. We have bought an apartment there about a year ago. But I'm open to deciding based on what's going on next spring in the economy and working an additional year or two if things look questionable.
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