18 months from launch (I hope)
I have been lurking for a few months and decided to introduce myself. I am a 51 year old school principal, 18 months from my full pension. I am not sure if I am going to completely stop there or maybe do something else in the same retirement system to make it to 30 years. I just know that public education is not in part 2 of my life (27 years as an administrator and teacher). My wife wants to go 30 years- she is a teacher.
We have no debt except for a mortgage at about 98k at 3%. Empty-nesters, we are. Our pensions will cover our cost of living with no problem, but health insurance is my biggest concern financially. I am working on increasing our emergency fund to get it to 90-100k by retirement. The fund is in a Roth, TSA's and cash. This fund is for life's little unexpected bumps in the road and a car. We should be able to further pad the fund in the first 5-7 years of retirement. Using several different retirement calculators, we come out fine but at ages 59 to 61, we come up a little short (I indexed our expenses for inflation). Again, the emergency fund may be necessary here. Unsure about social security; file and suspend or my wife draws at 62 and I at 67. Time for that decision later.
Although i have a lot of interests and hobbies, I am not sure I want to completely stop working. Working part-time in something "fun" will certainly help with the insurance premiums and during the couple of leaner years.
Anyway, I certainly enjoy this board and wisdom therein.