59 and burnt to a crisp! I am female and wanted to retire at 16 when I first started working full time! Everyday at work I feel like I want to scream and jump out of my own skin! I just don't think I can make it until age 65. (SS isn't until age 66+, but I figure at least I would have Medicare at 65)..
Our plan was to use that file and suspend strategy for SS, but that has just been eliminated, so not sure what the next strategy will be.
I am of a jack of all trades and master of none mindset. I like and know a little bit about a lot of things. All the retirement planning and financial planning and household planning falls on me as my husband takes no interest in it. He's not going to change at this point either. I certainly include him but I am the one doing the research and the work.
What keeps us from retiring now or at least sooner than we would like is the high school and property taxes here in Hudson Valley, NY, the health insurance issue, and the fact that I have no pension and my husband's relatively small pension was recently cut off at the knees and he isn't eligible for it anyway until he is 65. (he is currently 62).
We have a decent nest egg, though not the $2 million that I read is necessary, but I do plan on hiring a fee only financial planner within the next 2 years to take a look at where we are at and make suggestions. I worry about market crashes and all that stuff.
Also have to get an estate plan going this year at some point.
We are also embarking on year 5 of a 5 year home remodeling project to get our home in better shape. Working full-time and trying to get everything else done is so overwhelming-more so as I am getting older. Work takes up 11 hours per day of my life (with commuting, dressing, meal prep., etc) and I really don't have time or energy for much else during the week.
We are thinking we will move when we retire- maybe to New Hampshire. We have only one child, a 28 year old son who lives currently in New Hampshire. I really love Vermont, but the state taxes SS and so that is a BIG sticking point for us. At least NH has no income or sales tax, and we have joined the Free State Project with a commitment to move there with fellow libertarians, though we are actually more conservative types with a libertarian/moderate bent.
I will be trying out the FireCalc. on this site as well.
Thanks for adding me to the group and I look forward to reading everyone's posts!
Our plan was to use that file and suspend strategy for SS, but that has just been eliminated, so not sure what the next strategy will be.
I am of a jack of all trades and master of none mindset. I like and know a little bit about a lot of things. All the retirement planning and financial planning and household planning falls on me as my husband takes no interest in it. He's not going to change at this point either. I certainly include him but I am the one doing the research and the work.
What keeps us from retiring now or at least sooner than we would like is the high school and property taxes here in Hudson Valley, NY, the health insurance issue, and the fact that I have no pension and my husband's relatively small pension was recently cut off at the knees and he isn't eligible for it anyway until he is 65. (he is currently 62).
We have a decent nest egg, though not the $2 million that I read is necessary, but I do plan on hiring a fee only financial planner within the next 2 years to take a look at where we are at and make suggestions. I worry about market crashes and all that stuff.
Also have to get an estate plan going this year at some point.
We are also embarking on year 5 of a 5 year home remodeling project to get our home in better shape. Working full-time and trying to get everything else done is so overwhelming-more so as I am getting older. Work takes up 11 hours per day of my life (with commuting, dressing, meal prep., etc) and I really don't have time or energy for much else during the week.
We are thinking we will move when we retire- maybe to New Hampshire. We have only one child, a 28 year old son who lives currently in New Hampshire. I really love Vermont, but the state taxes SS and so that is a BIG sticking point for us. At least NH has no income or sales tax, and we have joined the Free State Project with a commitment to move there with fellow libertarians, though we are actually more conservative types with a libertarian/moderate bent.
I will be trying out the FireCalc. on this site as well.
Thanks for adding me to the group and I look forward to reading everyone's posts!