TexasRider
Dryer sheet wannabe
Greeting from Texas.
I’ve been lurking the site for some time but finally registered because I think I can see the finish (starting) line. The date I have in my head in July 2020.
I am 51 YO with the same Mega Corp for 25 years. Stay-at-home DW is 50. I am very loyal to company and grateful for the opportunities that it has given to me & my family but it has definitely taken a turn in the last 2 years. New leadership direction is forcing a lot of good people to take cuts and/or let go. I've taken my cut and I think I'm somewhat stable (for now). Unfortunately I am in the middle of much of it and it’s hard on the soul. It’d be understandable if it was logical plan, but I don’t feel connected to the strategy so it’s hard to support and keep my team calm about it. It seems reckless.
Son is freshman at college (fully funded in separate college accounts) and Daughter starts next year (fully funded).
Nest egg is $3.6m which I see a clear path to exceed $5m by July 2020. Egg is combination of pre & post-tax & stock options. Definitely in prime earning/savings years so each additional year makes a big difference. Between Stock options, Deferred Comp, 401(k) and ESPP we can add $500k per year to the nest.
Pre-Tax [401(k), Deferred Comp] - $1.4m
After-Tax investments - $1.8m
Options - $423k current estimated executed value. Next few years we will vest about $200k net per year in Stock Shares and Stock Options so it’s enticing to stay each additional year (I guess they do that on purpose, huh?)
Owe under $200k on $800k home. Could pay it off but rate is so low so doesn’t make sense.
Trying to get a handle on post retirement expense estimates – Using $275k as placeholder til we break it down better.
Concerned about health care – (Join the club, right?).
Trying to understand strategy of accessing income sources; when to exercise options, tax strategy, etc..?
Big Concern is this – Maintaining focus for the 3 years in the midst of corporate chaos. I know I have to work my strategy and let it be so I don’t obsess for 3 years – that’s not a recipe for a healthy 3 years of my life.
Thanks to everyone who contributes on this forum; it is a wealth of information & support.
I’ve been lurking the site for some time but finally registered because I think I can see the finish (starting) line. The date I have in my head in July 2020.
I am 51 YO with the same Mega Corp for 25 years. Stay-at-home DW is 50. I am very loyal to company and grateful for the opportunities that it has given to me & my family but it has definitely taken a turn in the last 2 years. New leadership direction is forcing a lot of good people to take cuts and/or let go. I've taken my cut and I think I'm somewhat stable (for now). Unfortunately I am in the middle of much of it and it’s hard on the soul. It’d be understandable if it was logical plan, but I don’t feel connected to the strategy so it’s hard to support and keep my team calm about it. It seems reckless.
Son is freshman at college (fully funded in separate college accounts) and Daughter starts next year (fully funded).
Nest egg is $3.6m which I see a clear path to exceed $5m by July 2020. Egg is combination of pre & post-tax & stock options. Definitely in prime earning/savings years so each additional year makes a big difference. Between Stock options, Deferred Comp, 401(k) and ESPP we can add $500k per year to the nest.
Pre-Tax [401(k), Deferred Comp] - $1.4m
After-Tax investments - $1.8m
Options - $423k current estimated executed value. Next few years we will vest about $200k net per year in Stock Shares and Stock Options so it’s enticing to stay each additional year (I guess they do that on purpose, huh?)
Owe under $200k on $800k home. Could pay it off but rate is so low so doesn’t make sense.
Trying to get a handle on post retirement expense estimates – Using $275k as placeholder til we break it down better.
Concerned about health care – (Join the club, right?).
Trying to understand strategy of accessing income sources; when to exercise options, tax strategy, etc..?
Big Concern is this – Maintaining focus for the 3 years in the midst of corporate chaos. I know I have to work my strategy and let it be so I don’t obsess for 3 years – that’s not a recipe for a healthy 3 years of my life.
Thanks to everyone who contributes on this forum; it is a wealth of information & support.