dm
Full time employment: Posting here.
We met with the wife's pension advisor and was able to buy 3 years of time toward her pension plan, for $67,000 . She currently has 22 years in so this will put her at 25 years and makes her eligible for a slightly reduced early out deal. She plans to work one more year for some reason. Her pension will be 54k and has a cola. There is approximatly 250k in my 401k and we also have around 100k at TD Waterhouse.
She currently teaches a class at the local college, 3 hours a week/semester and will probably add one or two when she quits her day job. I suppose she really wont be retired but she does enjoy it. And it will bring in another 10k to 15K.
I figure we need $30,000 to scrape by but actually spend closer to $60,000.
We have no debt and a 6 year old house that we should probaby downsize sometime in the future. We are currently doing a better job tracking our expenses so we can see what we are actually spending our money on.
I'll be 50 in May and the wife is 46. I hope to leave the 401K money alone until I'm 60 and hopefully with the wifes part time job and the 100k we will be fine. If not we will just have to cut back because I'm not going back to work!
She currently teaches a class at the local college, 3 hours a week/semester and will probably add one or two when she quits her day job. I suppose she really wont be retired but she does enjoy it. And it will bring in another 10k to 15K.
I figure we need $30,000 to scrape by but actually spend closer to $60,000.
We have no debt and a 6 year old house that we should probaby downsize sometime in the future. We are currently doing a better job tracking our expenses so we can see what we are actually spending our money on.
I'll be 50 in May and the wife is 46. I hope to leave the 401K money alone until I'm 60 and hopefully with the wifes part time job and the 100k we will be fine. If not we will just have to cut back because I'm not going back to work!