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Old 04-16-2015, 12:50 PM   #21
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The only note I'd mention is that while your wife may love her job, things may change when you're retired. They may not, but see how the finances work if your wife also stopped working, and then make sure you're in sync on how she'll feel working after you retire.
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Old 04-16-2015, 02:03 PM   #22
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I think you are nuts for continuing to work. Hey, you asked...
agreed - pull that chute bro!
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Old 04-16-2015, 02:28 PM   #23
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trapperjohn - as you see, many people are advising you to Just Do it! You do not say whether your DW supports your ER, nor do you say there are many things you want to do after ER. If you want to stay working for marital harmony or realize you will be less miserable working at a job you hate than staying at home all day, then by all means keep working. It is fantastic you have the choice to ER or not, but given it is not a financial decision, you have to do what makes you happy.
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Old 04-16-2015, 04:06 PM   #24
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I would say go for it. It is no fun hating your job and it can really impact your health. Hopefully your DW is onside and it is a bonus that she is enjoying her work and will stay with it for awhile. Anything can happen but if on top of everything else, you think that you are not going to live until 90 then one must seriously look at opting out - Life is short. Good luck.
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Old 04-16-2015, 04:49 PM   #25
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trapperjohn - you see there's a pretty solid consensus here that it's time for you to write that letter and have a talk with the boss. Keep us posted and remember there's nearly always someone here for moral support when you need it!
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Old 04-16-2015, 05:36 PM   #26
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I'm still working only because:
1) I'm fortunate enough to be in great health so life expectancy is high
2) I don't love every day on the job but it's OK for now
3) I need just a little more to reasonably ensure the lifestyle I want
1. I would not bet on that.
2. Not good enough reason.
3. Okay - but watch out for never ending OMY syndrome.
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Old 04-16-2015, 06:31 PM   #27
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I was dealing with the reverse situation for the past few years. I was really mentally ready to retire. I had run several different calculators, including FIRECALC, and felt that we already were FI. But my DH is uber-conservative and was still not convinced.

Our compromise is that I worked one more year and just left Megacorp recently to handle our relocation to a lower COLA state which is also near my relatives that I am helping out, while DH keeps working. This way we will maintain his health insurance and COBRA to get him closer to Medicare age. I will still need health insurance for a few years since I am younger. He will work for a 1-2 more years and I will do my best to make him jealous--maybe I can get him to leave earlier!!!

My opinion is you need to do whatever you are comfortable with. If FIRECALC says you can do it financially, are you ready for the social and emotional changes that come with retirement?
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Old 04-17-2015, 08:06 AM   #28
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Wife is very open to me continuing to work, or to make the jump. She wants and needs to keep working for healthcare
coverage, but she loves her job and has no idea if or when she'll retire anyway. But she's supportive of me either way.

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Old 04-17-2015, 08:11 AM   #29
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Since your DW is supportive of you retiring now, I would do so without hesitation.
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Old 04-17-2015, 08:25 AM   #30
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I just pulled the plug - needed a lay off to push me out the door. I am nervous about the change but have spent 40 years building the funds for the next 30+ yrs so I feel as confident as I am going to. As one other poster stated you can RE now then, someday, find something that you love and work again. But your in control!!!
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Old 04-17-2015, 08:47 AM   #31
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1. I would not bet on that.
2. Not good enough reason.
3. Okay - but watch out for never ending OMY syndrome.
Good points...

1) I should have said "possible" long life expectancy so I at least need to plan for it. If I'm wrong DW will have a great time with the pool boy.

2) Maybe not, but it relates back to #1.

3) I hear you. I keep saying that Jan 2016 is it. I guess we'll see if I can pull it off.
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Old 04-17-2015, 08:49 AM   #32
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ER ain't just about the $$$. To be happy, most need something to retire TO.
One of my happily ER'ed relatives suggests approaching this decision as if looking at a new career. After those 1st few weeks/months of relief from commuting & office politics, what would your new life REALLY be like? Will it interest you or bore you? Some are very happy with ER, while others seem to miss their old careers (warts and all). In the end it is a very personal decision.


For most, I think the legendary mutual fund manager Peter Lynch said it very well in the preface of the book he wrote after retiring in his mid 40's-
No one looks up from their death bed and says "I really should have spent more time at the office"
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Old 04-17-2015, 01:03 PM   #33
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Since your DW is supportive of you retiring now, I would do so without hesitation.
This, along with the rest that say stop working.
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Old 04-17-2015, 01:45 PM   #34
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Quote:
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I hate my job. DW loves hers and will not retire until AT LEAST 62, but maybe later.

If you can remove DW's income from your plan and still pass FireCalc, I'd say retire! But I wouldn't retire if you require DW's income. Once you're home full time for a while, DW's feelings about working and her job may change.
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