Indy Golfer
Confused about dryer sheets
- Joined
- May 2, 2013
- Messages
- 4
Hi,
I am 56 and just received "the package" from the Mega Corp after 33 years. DW is absolutely freaked out by it as she just retired last year. Some things about us - we have about 3.6 million in stocks and bonds, split about 50/50 in before tax holdings and after tax holdings, and at a 65/35 stock/bond split. We have no debt and no children at home and all their education is paid off. We just built our "downsized" dream retirement home and have no mortgage on it. DW recieves a pension of about $1000 month, and is just starting SS in May at 63 1/2 (she robbed the cradle). I am eligible for a pension of about $2000/month, but plan to put it off for a while as it grows about 5% a year if it is not used. The package will pay my salary ($125,000 annually) until July of 2015, when I will be almost 58. When DW retired, we started a 72T distribution of $85,000 annually to have extra cash to enjoy our new house and ourselves. That will run for 5 years, until 2019.
I have run all types of calculations on the different web sites and with our FA, and all show us at 100% success rate. We do have to get a better handle on our expenses as we will spend about $140,000 per year including taxes.
Insurance is one of our concerns. It will be paid for until Nov 2014 by the company, then we will pay Cobra payments of about $1200 per month until Sept 2015, when DW goes on Medicare. After that we will get her a supplemental policy and I will go on a high deductable plan. Haven't spent anytime looking at plans yet as it is still 18 months away, but I like to plan ahead.
I keep telling my DW finacially we will be fine and our life style will not need to change. As I am still young, another job, although less stress and headaches, will be in the plans.
Any suggestions on how to better approach this with my DW to calm her down some, and also any approaches to starting a new job search this late in one's career?
thanks
I am 56 and just received "the package" from the Mega Corp after 33 years. DW is absolutely freaked out by it as she just retired last year. Some things about us - we have about 3.6 million in stocks and bonds, split about 50/50 in before tax holdings and after tax holdings, and at a 65/35 stock/bond split. We have no debt and no children at home and all their education is paid off. We just built our "downsized" dream retirement home and have no mortgage on it. DW recieves a pension of about $1000 month, and is just starting SS in May at 63 1/2 (she robbed the cradle). I am eligible for a pension of about $2000/month, but plan to put it off for a while as it grows about 5% a year if it is not used. The package will pay my salary ($125,000 annually) until July of 2015, when I will be almost 58. When DW retired, we started a 72T distribution of $85,000 annually to have extra cash to enjoy our new house and ourselves. That will run for 5 years, until 2019.
I have run all types of calculations on the different web sites and with our FA, and all show us at 100% success rate. We do have to get a better handle on our expenses as we will spend about $140,000 per year including taxes.
Insurance is one of our concerns. It will be paid for until Nov 2014 by the company, then we will pay Cobra payments of about $1200 per month until Sept 2015, when DW goes on Medicare. After that we will get her a supplemental policy and I will go on a high deductable plan. Haven't spent anytime looking at plans yet as it is still 18 months away, but I like to plan ahead.
I keep telling my DW finacially we will be fine and our life style will not need to change. As I am still young, another job, although less stress and headaches, will be in the plans.
Any suggestions on how to better approach this with my DW to calm her down some, and also any approaches to starting a new job search this late in one's career?
thanks