Hi Everybody,
I am 56 and after a couple of years of reading this board and learning from the experiences of others I officially turned in my retirement papers this week! Last official day will be June 12 but winding down with vacation, etc. after May 4. It has been an interesting transition over the last 2 years to get to this point and I hope to post more details on the psychological and emotional impact even talking about it has had on my wife and me.
I always planned to retire around 55 and saved accordingly from early in my career. My wife was on board so we saved 25 to 30% of everything I made for the first 10 years or so. 3 kids and 12 years into it I was debt free and ready for a career change and took at job closer to my family at a University, being a teaching Physician. As our kids grew up we had a lot of lifestyle creep with extra cars, ski vacations, and expensive colleges. Fortunately, the power of compounding actually worked so we are in good shape to live off around a 3% SWR with employer subsidized health insurance.
I told a few key people at work yesterday, so I figure by today everyone will know. I've been talking to my Department Administrator about this for awhile and she keeps asking me to work 1/2 time (NO) or at least a day a week. I told her I want a complete break from Clinical Medicine but then she said I could just be a consultant with a very flexible schedule on a few long term administrative projects. I might do that for a couple of months to help her out and ease my wife into having me around more.
It is good to be joining the class of 2012 and I appreciate any advice or comments as I go through this exciting time.
Jackson
I am 56 and after a couple of years of reading this board and learning from the experiences of others I officially turned in my retirement papers this week! Last official day will be June 12 but winding down with vacation, etc. after May 4. It has been an interesting transition over the last 2 years to get to this point and I hope to post more details on the psychological and emotional impact even talking about it has had on my wife and me.
I always planned to retire around 55 and saved accordingly from early in my career. My wife was on board so we saved 25 to 30% of everything I made for the first 10 years or so. 3 kids and 12 years into it I was debt free and ready for a career change and took at job closer to my family at a University, being a teaching Physician. As our kids grew up we had a lot of lifestyle creep with extra cars, ski vacations, and expensive colleges. Fortunately, the power of compounding actually worked so we are in good shape to live off around a 3% SWR with employer subsidized health insurance.
I told a few key people at work yesterday, so I figure by today everyone will know. I've been talking to my Department Administrator about this for awhile and she keeps asking me to work 1/2 time (NO) or at least a day a week. I told her I want a complete break from Clinical Medicine but then she said I could just be a consultant with a very flexible schedule on a few long term administrative projects. I might do that for a couple of months to help her out and ease my wife into having me around more.
It is good to be joining the class of 2012 and I appreciate any advice or comments as I go through this exciting time.
Jackson