DH just retired from public school teaching in the midwest after 35 years at 58.
I will continue 2 more years to 57.
We each will have a state pension, worth approximately $1M each over its lifetime.
We have about $500K in investments. No plans to touch it unless necessary.
Our house is paid off in November. We have no other debt.
Our children 26 & 23 live out of state & on their own; we have 1 who will be a junior in college in the fall. A 529 pays his school & living expenses so essentially he is off the payroll. We do still have the youngest 2 on our health insurance & plan to for 2 more years. (thus why I nearly certainly will work 2 more years...) Our family plan is very good & very affordable through the school district--it makes the most sense at this time.
Our pensions will pay us about $95K/year together. Yes, about 30% less than we were making, but with no debt or children expenses, it still gives us plenty of discretionary $.
Our largest discretionary expenses are a golf membership for DH (quite reasonable here) & travel. We take several trips/year now & plan to continue.
We eventually want to move to the SW US for the dry hot weather--year round golf for DH & relief for my arthritis (hot & humid summers/cold winters are tough) But my mother was just diagnosed with cancer, so we are feeling a pull to stay here for now. (she is doing remarkably well)
DH says it just feels like summer vacation right now--when I go back/when winter hits, it will be a whole new ballgame. He plans to work a little at a golf course (but not until he enjoys his last "summer vacation"). He has some time to figure out what to do with himself once it gets cold...
Sure hoping me heading to work in the fall & him not doesn't make me TOO grumpy...I COULD retire next year...
I will continue 2 more years to 57.
We each will have a state pension, worth approximately $1M each over its lifetime.
We have about $500K in investments. No plans to touch it unless necessary.
Our house is paid off in November. We have no other debt.
Our children 26 & 23 live out of state & on their own; we have 1 who will be a junior in college in the fall. A 529 pays his school & living expenses so essentially he is off the payroll. We do still have the youngest 2 on our health insurance & plan to for 2 more years. (thus why I nearly certainly will work 2 more years...) Our family plan is very good & very affordable through the school district--it makes the most sense at this time.
Our pensions will pay us about $95K/year together. Yes, about 30% less than we were making, but with no debt or children expenses, it still gives us plenty of discretionary $.
Our largest discretionary expenses are a golf membership for DH (quite reasonable here) & travel. We take several trips/year now & plan to continue.
We eventually want to move to the SW US for the dry hot weather--year round golf for DH & relief for my arthritis (hot & humid summers/cold winters are tough) But my mother was just diagnosed with cancer, so we are feeling a pull to stay here for now. (she is doing remarkably well)
DH says it just feels like summer vacation right now--when I go back/when winter hits, it will be a whole new ballgame. He plans to work a little at a golf course (but not until he enjoys his last "summer vacation"). He has some time to figure out what to do with himself once it gets cold...
Sure hoping me heading to work in the fall & him not doesn't make me TOO grumpy...I COULD retire next year...
