sheldon cornped
Recycles dryer sheets
- Joined
- Mar 26, 2011
- Messages
- 220
MLK day, a Monday was my last day at w*rk after 36.5 yrs!! I was offered the standard severance package which consisted of 1 yrs. salary, 3 mo. health insurance at the current rate for me, DW and DS. After that, COBRA at the full price is.......$38k/yr.!! Guess we'll be shopping for cheaper plan pretty soon. COSTCO seems to have some pretty good rates. I turned 61 recently and have enrolled in our J&S pension plan which will replace roughly half my salary starting this month. We will roll over 401k to Fidelity soon as the dust settles. Plan is to combine Pension with severance pay to live on for about 2 1/2 yrs. to let our tax deferred grow. We'll see how it looks early next yr. as to taking SS at 62 or wait til later.
We spent 1 1/2 hrs. w/ a Fidelity planner (free) on the phone. He suggests using 80% of our assets in diversified, self-managed accounts with the rest in fixed and variable annuities for stability. We tend to shy away from the annuity strategy in favor of more conservative investments where we don't part with a chunk of assets that disappear upon our demise although both of us are in good health. All in all, the Fidelity RIP, FireCalc and all the rest give us 100% success into our 90's using our target spending rate.
We will put house on the market within 30 days and try to figure out where to move to. Oregon or Wash. are on the list. Son goes off to College in the Fall. Almost 3 weeks into retirement and loving it!!!
We spent 1 1/2 hrs. w/ a Fidelity planner (free) on the phone. He suggests using 80% of our assets in diversified, self-managed accounts with the rest in fixed and variable annuities for stability. We tend to shy away from the annuity strategy in favor of more conservative investments where we don't part with a chunk of assets that disappear upon our demise although both of us are in good health. All in all, the Fidelity RIP, FireCalc and all the rest give us 100% success into our 90's using our target spending rate.
We will put house on the market within 30 days and try to figure out where to move to. Oregon or Wash. are on the list. Son goes off to College in the Fall. Almost 3 weeks into retirement and loving it!!!