Hello to all from a brand-newbie. My name is Ken. I just discovered the site and am so excited to find so many kindred spirits. My wife doesn't seem to understand how passionate I am about ER, or is it RE (sorry, I'll get the protocol down soon). Wy wife says, "dont wish your life away." and stop thinking about it (ER) so much." But, I can't help myself.
O.K. now for the numbers. I am 54 and will qualify for ER in 6 months. I fly for one of the big companies that you are familiar with. I will take a substantial hit on my pension by leaving early (3% per year for each year before age 60). What this amounts to is a $80,000 pension at age 55 that will grow to about 120,000 if I wait til age 60. My plan is to retire in 3 years. By then the house and RV will be paid for and the last of our four children will be finishing high school and be off to college. Our 401 and IRA total at the moment about 600K. My current AA is 80/20. If I leave in three years, the pension will be about 100K. Except for our two daughters college, there will be no outstanding debt. What think you?
Thanks for being there. I look forward to catching up on alot of reading in the forums and using you to brainstorm my situation.
Regards, Ken
O.K. now for the numbers. I am 54 and will qualify for ER in 6 months. I fly for one of the big companies that you are familiar with. I will take a substantial hit on my pension by leaving early (3% per year for each year before age 60). What this amounts to is a $80,000 pension at age 55 that will grow to about 120,000 if I wait til age 60. My plan is to retire in 3 years. By then the house and RV will be paid for and the last of our four children will be finishing high school and be off to college. Our 401 and IRA total at the moment about 600K. My current AA is 80/20. If I leave in three years, the pension will be about 100K. Except for our two daughters college, there will be no outstanding debt. What think you?
Thanks for being there. I look forward to catching up on alot of reading in the forums and using you to brainstorm my situation.
Regards, Ken