Been long time reader and have learned a lot, and now it is my time to ask
for help. Working at mega corp and major changes (ie outsourcing) have
made work miserable. Have been working at this company for 35 years
and plan to RETIRE on my 35th anniversary date this year.
So basically FIRE & Fidelity says I am ok but would just like to hear other
opinions. Thanks very much for any input/suggestions/concerns...
The facts:
Age: 57 Single
Health Insurance: I can pay ~$300 a month from retirement plan
Pension: If take now would be $44,000 a year no COLA
SS @62 : $1800 @67 : $2500 (I discounted these based on maybe not working anymore)
401k/IRA : $ 1,300,000
Taxable Accts: $700,000
Expenses: For FIRE I put in $100k as worst case scenario. I don't spend
that now, but also don't want to be picking the couch for money to do
things if I want. I expect to sell my home and move somewhere cheaper in
the next year or two which should reduce housing costs a lot.
Debt: Other then home no other debt
So any suggestions/comments? I have worked full time pretty much from
high school thru college and then a career and would love to pull the plug
and not look back. If it was you would you feel comfortable ? Thanks again
for help. Working at mega corp and major changes (ie outsourcing) have
made work miserable. Have been working at this company for 35 years
and plan to RETIRE on my 35th anniversary date this year.
So basically FIRE & Fidelity says I am ok but would just like to hear other
opinions. Thanks very much for any input/suggestions/concerns...
The facts:
Age: 57 Single
Health Insurance: I can pay ~$300 a month from retirement plan
Pension: If take now would be $44,000 a year no COLA
SS @62 : $1800 @67 : $2500 (I discounted these based on maybe not working anymore)
401k/IRA : $ 1,300,000
Taxable Accts: $700,000
Expenses: For FIRE I put in $100k as worst case scenario. I don't spend
that now, but also don't want to be picking the couch for money to do
things if I want. I expect to sell my home and move somewhere cheaper in
the next year or two which should reduce housing costs a lot.
Debt: Other then home no other debt
So any suggestions/comments? I have worked full time pretty much from
high school thru college and then a career and would love to pull the plug
and not look back. If it was you would you feel comfortable ? Thanks again