Laid off at 55, delaying pension to age 56 in 2024 ($2272/month). (Plan to live on vacation payout until then. No severance.)
But I can't live on that unfortunately and I don't want to spend 401k yet as I am afraid I will run out of money. Not to say I have any clear idea when I'd start . . .
I am not so fond of w*rking my real job I can be excited to go make less working somewhere else . . . But I sort of maybe have to.
I do have cash savings earning very little I could use to supplement the pension or maybe even delay it further but I can't quite work out how to think of this. It doesn't feel right to spend it on something that is not urgent especially when I don't have a clear idea how much I could safely spend.
Edited *27K pension in 2024, not infl. 401k 1M.
But I can't live on that unfortunately and I don't want to spend 401k yet as I am afraid I will run out of money. Not to say I have any clear idea when I'd start . . .
I am not so fond of w*rking my real job I can be excited to go make less working somewhere else . . . But I sort of maybe have to.
I do have cash savings earning very little I could use to supplement the pension or maybe even delay it further but I can't quite work out how to think of this. It doesn't feel right to spend it on something that is not urgent especially when I don't have a clear idea how much I could safely spend.
Edited *27K pension in 2024, not infl. 401k 1M.
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