harry06880
Dryer sheet wannabe
Hi All
Well I have been a part of this forum for 5 years and have learned a lot (thank you all). I think I m ready to fire ? The firm I work for is going to cut out health care for anyone 55 and older retiring after Sept 1 2012, This was the main factor I asked for an early exit, I figure its worth at least 220 K to me over 10 years at a mimimum,. I pay only 15 % of current premiums. If I take it, everything stays the same till Medicare and then they will supplement above that level. I m a resident here in the USA been here since 1998. I put most everthing into cash last week and will look to re allocate more proactivly to my new life situtation. My wife and I are in great health and very active so I don't see any major health problems for us, both our parent are alive and in their late 80's, it’s a good chance with will make it there as well. I am figuring our living expenses will be 80k but willing to adjust lower if need be. I ran everything through firecalc before I unloaded everything into cash and excluded SS for now and planned out 35 years. Seems to be ok
1) question on SS I have paid yearly max since 1998 -2014 my wife has never worked and I can't seem to figure out what I would receive at age 62 or 66 years of age
2) New asset allocation I have my view but looking for consensus ( I m not to conservative willing to take a little risk)
3) CAN I DOOOS IT ( is really what I m asking ?)
AGE 55
DW 52
401K / RRSP (Canadian version 401K) 600k IN CASH
CASH BALANCE PLAN 225K IN CASH
SCHWAB DIVIDEND PORTFOLIO 150K ( AVERAGE YIELD 7.9 % )
VANGUARD CASH ACCOUNT 750K ( CASH ACCOUNT)
COMPANY STOCK 300K ( FULLY VESTS IN 2 YEARS)
SEVERANCE PAY OF TWO YEARS ( WILL LIVE ON MY EXPECTED LAST 3 YEARS EXPENSES) SHOULD LAST ME 4.0YEARS
MEDICAL FOR LIFE ( PART OF EXIT PACKAGE)
HOME VALUE 900K ( NO MORTGAGE) HOUSE UP FOR SALE AND MOVING TO SARASOTA FL GOING TO SPEND AT LEAST 750K ON A HOME
CONDO CANADA 450K (NO MORTGAGE)
I got to tell you all up to making the decision I was nervous as hell, now that i have made it............ I m can't wait to get out of here in 3 weeks !!!
thanks Harry
Well I have been a part of this forum for 5 years and have learned a lot (thank you all). I think I m ready to fire ? The firm I work for is going to cut out health care for anyone 55 and older retiring after Sept 1 2012, This was the main factor I asked for an early exit, I figure its worth at least 220 K to me over 10 years at a mimimum,. I pay only 15 % of current premiums. If I take it, everything stays the same till Medicare and then they will supplement above that level. I m a resident here in the USA been here since 1998. I put most everthing into cash last week and will look to re allocate more proactivly to my new life situtation. My wife and I are in great health and very active so I don't see any major health problems for us, both our parent are alive and in their late 80's, it’s a good chance with will make it there as well. I am figuring our living expenses will be 80k but willing to adjust lower if need be. I ran everything through firecalc before I unloaded everything into cash and excluded SS for now and planned out 35 years. Seems to be ok
1) question on SS I have paid yearly max since 1998 -2014 my wife has never worked and I can't seem to figure out what I would receive at age 62 or 66 years of age
2) New asset allocation I have my view but looking for consensus ( I m not to conservative willing to take a little risk)
3) CAN I DOOOS IT ( is really what I m asking ?)
AGE 55
DW 52
401K / RRSP (Canadian version 401K) 600k IN CASH
CASH BALANCE PLAN 225K IN CASH
SCHWAB DIVIDEND PORTFOLIO 150K ( AVERAGE YIELD 7.9 % )
VANGUARD CASH ACCOUNT 750K ( CASH ACCOUNT)
COMPANY STOCK 300K ( FULLY VESTS IN 2 YEARS)
SEVERANCE PAY OF TWO YEARS ( WILL LIVE ON MY EXPECTED LAST 3 YEARS EXPENSES) SHOULD LAST ME 4.0YEARS
MEDICAL FOR LIFE ( PART OF EXIT PACKAGE)
HOME VALUE 900K ( NO MORTGAGE) HOUSE UP FOR SALE AND MOVING TO SARASOTA FL GOING TO SPEND AT LEAST 750K ON A HOME
CONDO CANADA 450K (NO MORTGAGE)
I got to tell you all up to making the decision I was nervous as hell, now that i have made it............ I m can't wait to get out of here in 3 weeks !!!
thanks Harry
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