Like2Hike
Confused about dryer sheets
Opinions, please?
I'm a 55-year old single guy considering ER. Here's my situation:
If I retire now, I'll collect a pension of $2000/mo (with a COLA).
In seven years, I'll be eligible for SS, which should be 1000/mo.
I'll have retiree health coverage, but will be paying a share of the premium. For this and other reasons, I expect my present living expenses of $2500/mo will increase in retirement, perhaps to $3000/mo
I'm not averse to occasional temping, but of course cannot count on anything from that, given the state of the economy.
Not counting after-retirement wages, or future social security, this works out to a 4.0% annual rate of savings withdrawal.
Good health, no debts, simple tastes, rent-controlled apartment.
What do people think? Am I "good to go?" Thanks for your opinions!
I'm a 55-year old single guy considering ER. Here's my situation:
If I retire now, I'll collect a pension of $2000/mo (with a COLA).
In seven years, I'll be eligible for SS, which should be 1000/mo.
I'll have retiree health coverage, but will be paying a share of the premium. For this and other reasons, I expect my present living expenses of $2500/mo will increase in retirement, perhaps to $3000/mo
I'm not averse to occasional temping, but of course cannot count on anything from that, given the state of the economy.
Not counting after-retirement wages, or future social security, this works out to a 4.0% annual rate of savings withdrawal.
Good health, no debts, simple tastes, rent-controlled apartment.
What do people think? Am I "good to go?" Thanks for your opinions!