Hello from Chicagoland from a 56-year-old single lad (no dependents), early retired from Feds for about 6 months with around $2 million (depending on market gyrations!) in investable assets(55 percent in taxable, 45 in pre-taxed Thrift Savings Plan) and 52k or so immediate pension annuity/FERS supplement (currently not COLA'd but will be when I turn 62), plus continuing health insurance (I pay a little more than 25 percent of premium via FEHB plan). I took "early out" (VERA) and incentive (VSIP) from Feds because I figure I had enough and had had enough, as you ER'd people can well understand. Life is too short and 27-plus years with Feds was enough.
Routine yearly expenses are about 40k (I like my cable and WIFI), so pension/FERS supplement cover that--no plans to access anything else until I have to, so I have not needed to establish a SWR or even a WR, for that matter. When I do, I estimate it to be no more than 3 percent. I also keep about two years of living expenses in cash on the side, in case I need a new roof, etc, in the next couple of years.
I think it made sense for me to take the early out, at least from the financial side of things. Any advice at this early stage? You all seem to know a lot and I've been lurking for a few months, so hat's off to you all who took the plunge.
Routine yearly expenses are about 40k (I like my cable and WIFI), so pension/FERS supplement cover that--no plans to access anything else until I have to, so I have not needed to establish a SWR or even a WR, for that matter. When I do, I estimate it to be no more than 3 percent. I also keep about two years of living expenses in cash on the side, in case I need a new roof, etc, in the next couple of years.
I think it made sense for me to take the early out, at least from the financial side of things. Any advice at this early stage? You all seem to know a lot and I've been lurking for a few months, so hat's off to you all who took the plunge.