Hello - Just found this board.
Made a decision a few wks ago that I'll be retiring end of June at my 10 yr anniversary. Due to personality conflicts it was either that or wait till they fired me (ya its that bad, new boss started a few years ago).
Planning on living off the interest from my Fidelity account. I know I'll take a big tax penalty but we should be ok. Still need to get DS15 through 2yrs high school and then college. Have about 7yrs left on the mortgage. DH will continue working till DS is finished w/school. DH contributes about 1/2 towards the bills.
I may get a parttime job, may not. If I do it will be something I enjoy.
May volunteer to keep myself busy. It will be summer when I start retirement so not too concerned until Sept on how to fill my time. Do ppl start w/their new hobbies before actual retirement so its more of a routine?
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!
I assume your Fidelity account is an IRA. You can withdraw from an IRA before 59 1/2 without penalty if you use the 72t method. Google for it you will find a lot of information. Many posts on this board about it as well. Good luck.
In theory, theory and practice are the same. In practice, they are not.
This community was started in 2002 as an alternative to a then fee only Motley Fool. The focus of the discussions is on topics related to early retirement and financial independence. The community is moderated to ensure a pleasant experience for our members.