I am crazy to think I can retire at 48?

[Gunslinger]

Quote:

Originally Posted by Lakewood90712 457 specific rules vary by each plan. The one I am in, if you are still employed at 55 , you can withdraw w/o penalty, just pay taxes. I left short of 55, so it's also 59 1/2 for me too. Public safety (sworn) employees often have earlier age provisions.

I'll have to double check that, thanks!!

[Evergreen]

Quote:

Originally Posted by Gunslinger Thanks for the input everyone. I guess no matter how long I wait it will never be the "perfect time." Unfortunately a friend of mine, in the same field, suddenly died unexpectedly in her sleep yesterday morning. Her husband, my Best Man 17 years ago, found her in the living room. She was only 40 years old. It made me realize even more that it's time to go, because you never know what will happen. I know numerous people like that. Another friend of mine died suddenly 3 months before retirement, never having a chance to enjoy the fruits of his labor. I don't want to live an extravagant lifestyle in retirement, but I don't want to just survive either. I think we'll be able to live the life we've been living and with a little luck and proper financial management maybe a little more. I don't want to die with money in the bank. I'll tell you this....everyday I'm still working feels like it's taking two from my life. Thanks again....wish me luck

Agree with you about everyday still working taking 2 from your life. Life is so short and time is really precious. It is so important to make the most of early retirement, we are all getting older and who knows how long we can stay healthy. The clock is ticking away.