Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Quiting day job June 2014
Old 11-03-2013, 01:14 PM   #1
Confused about dryer sheets
 
Join Date: Nov 2013
Location: Ellicott City
Posts: 2
Quiting day job June 2014

Hello, I have just decided this weekend that 30 June 2014 will be my last day of work at my paid job. I choose the thread name because we plan to continue and increase our voluntary "work" through our church. I'm excited but wife is a bit apprehensive, however I've been reading this site for a while and have no doubt that it is the right time. So, after working pretty hard for over 38 years, including 21 in the Air Force, I get to take a little break I'll be 57! My wife and I are both detail oriented and have always budgeted and so we know exactly what we currently spend, about 65K per year and that includes a small mortgage payment plus two new car payments, and all medical even after I quit. Only to say that we have some margin if needed. All of the calculators show I can generate between 92-100K per year with a 2.5-3% inflation factored in and I know my taxes will be 13-14% total even here in high-tax Maryland. So we will have 80-84K after tax income plus we also get about 10K from an informal rental arrangement for now. So glad to be able to join you all in this adventure. Oh and we've been blessed with my wife being a stay at home mom and volunteer serving others for the last 30+ years. Hobbies and activities include helping others less fortunate, bicycling, hiking, motorcycles and of course grand kids.
__________________

__________________
Going for it is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-03-2013, 01:32 PM   #2
Recycles dryer sheets
 
Join Date: Jan 2005
Posts: 486
My co-worker retired last year and his wife was like your wife (volunteering) and she was also worried. So I thought it was so cute when she changed her Facebook status to retired (with an exclamation point) when he retired. She had been his partner all those years and had taken up the slack and could now relax with him.

Congrats.
__________________

__________________
tinlizzy is offline   Reply With Quote
Old 11-03-2013, 02:47 PM   #3
Thinks s/he gets paid by the post
Ready's Avatar
 
Join Date: Mar 2013
Location: Southern California
Posts: 1,823
Welcome to the forum, and good luck on the June 30 retirement date! There is still eight months between now and then, so hopefully nothing will get in the way and derail your plans.
__________________
Ready is offline   Reply With Quote
Old 11-04-2013, 05:33 PM   #4
Confused about dryer sheets
 
Join Date: Nov 2013
Location: Ellicott City
Posts: 2
Thanks for the welcome TinLizzy, that is cute. I hope my wife comes around to that attitude.

Ready - Thanks for the welcome and gentle reminder to not count chickens before they hatch. Most of our income will be "guaranteed", so we really are set to cover current spending and some extra fun as well.
__________________
Going for it is offline   Reply With Quote
Old 11-05-2013, 04:23 PM   #5
Recycles dryer sheets
 
Join Date: May 2011
Location: Maple Valley
Posts: 465
Congrats! You will be a free bird come June 2014!
__________________
kimcdougc is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 02:55 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.