The only thing I’ll have to think about then is taxes.
This is a post with minor due diligence regarding taxes. I've been watching YouTube vloggers @OurRichJourney who moved from federal USA jobs to buying a property in Portugal. They've spoken about how great the healthcare and cost of living is in most parts of Portugal and how it is a major ex-pats destination for retirement.
This is a BIG step and, obviously, not to be taken lightly but it is one possibility for you and some other people.
I was one of those who worked 10/12 hours a day. Lots of travel. I loved my job but in the final two years it was loosing it's glow. The only good part was the compensation and the stock options.
My spouse was shocked that when I left at 58/59 I walked away completely. Had some offers afterward that I did not even follow up on. Perhaps I was burnt out, or perhaps realized that it was time.
Absolutely never looked back, never pined for a return, never visited and kept in touch with very few.
Only one regret...that I was not able to get a package two years earlier.
When it's over, it's over. Move forward, don't look backwards.
You've already done your due diligence and have made certain the numbers make sense. I would suggest a quick inventory of your back-ups to your retirement plan. The "if this, then I'll do that." If Megacorp reneges on it's 5 year plan to help you fund your health insurance, you'll cut back on one trip per year and one meal out per week to fund your equivalent ACA medical insurance plan. If the roof starts to leak, you'll take from your 6-month or 1-year cash stash and rebuild your cash over the next year by cutting back on expensive wine (go with boxed or Costco's finest.) If the car breaks down, use the other car between the two of you until your cash fund can swing the repairs.
Play a few "what if" games until you KNOW that you've covered most things that can go wrong. Don't worry about the asteroid with your name on it - think how famous you'd be.
.
Hello All,
about 6 years ago I got my "please go away nicely" letter for mega corp, so I decided to actually pursue a passion of mine (baking) and immediately got a part time gig at a local bakery. due to a new owner and covid, the job is not so nice now so I've decided to hang up my apron. I definitely won't miss the 4 am time card punch.
what's surprising me is my anxiety. this will be the first time in 47 years (I've worked at some thing since I was 13) that I have not had a paycheck and it's making me wacky.
Been playing in this sandbox for a while so I'm totally surprised that I'm feeling this way.
I've done my due diligence so I'm financially set. I'm one of the lucky few that still gets retiree healthcare from mega corp so not to much stress there. they look like they won't crash and burn within the next five years (when I'm eligible for medicaid) but you never know. lol
anyone else go through this?