Does anyone have experience with kind of partially early retiring?
I'm 61 and my wife is 56 and already retired. 2 of our 3 kids have degrees and excellent jobs. #3 just finished his sophomore year of college.
Financially, we're pretty much FI. Health insurance, however, is a big issue because we're in Florida and it is way expensive.
Our thoughts have been for me to work about half time next year, and take a lot less pay, but keep the benefits going. I'm in a small law firm and like most small law firms, we haven't done well in the last year or two.
I wonder what it would be like if I started working 4 days a week next year for the 1st quarter or so, and then half the time or less during the 2d and 3d quarters? We have a house in the NC mountains and we could pretty much split our time between here and there.
It is hard to know if that will work. I'm concerned I won't be productive enough to make it worthwhile to the lawfirm and I'm also concerned that once I get a taste of that much freedom, I won't want to come back and work. And since it is a personal service business, will there be any demand for part time personal services?
Has anyone tried that for a year or two, working half time or so?
I'm 61 and my wife is 56 and already retired. 2 of our 3 kids have degrees and excellent jobs. #3 just finished his sophomore year of college.
Financially, we're pretty much FI. Health insurance, however, is a big issue because we're in Florida and it is way expensive.
Our thoughts have been for me to work about half time next year, and take a lot less pay, but keep the benefits going. I'm in a small law firm and like most small law firms, we haven't done well in the last year or two.
I wonder what it would be like if I started working 4 days a week next year for the 1st quarter or so, and then half the time or less during the 2d and 3d quarters? We have a house in the NC mountains and we could pretty much split our time between here and there.
It is hard to know if that will work. I'm concerned I won't be productive enough to make it worthwhile to the lawfirm and I'm also concerned that once I get a taste of that much freedom, I won't want to come back and work. And since it is a personal service business, will there be any demand for part time personal services?
Has anyone tried that for a year or two, working half time or so?