Hi,
I am 53 and have been in education for 30 years and am looking foward to retiring in the next couple of years. I can max out my pension if I wait 4 more years but don't know if I can make it. My wife is already retired and receives a 50 K pension. Mortgage is 300K with about 300k equity. I can retire at the end of this year and recieve a pension of 57K max out in 4 more years at about 70K. I still like my job as a high school administrator but don't love it like I used to. We are thinking of downsizing and moving into a condo to lower expenses and either eliminate a mortage or at least reduce it.
When to retire? When to downsize?
I am 53 and have been in education for 30 years and am looking foward to retiring in the next couple of years. I can max out my pension if I wait 4 more years but don't know if I can make it. My wife is already retired and receives a 50 K pension. Mortgage is 300K with about 300k equity. I can retire at the end of this year and recieve a pension of 57K max out in 4 more years at about 70K. I still like my job as a high school administrator but don't love it like I used to. We are thinking of downsizing and moving into a condo to lower expenses and either eliminate a mortage or at least reduce it.
When to retire? When to downsize?