|
07-14-2013, 01:25 PM
|
#1
|
Confused about dryer sheets
Join Date: Apr 2013
Location: Pacific NW
Posts: 7
|
I think I did it
I'm 59 years old and was planning to retire next spring. However, my work situation added an additional amount of stress to my life and I decided why wait? I can go now and enjoy the summer. So I gave notice. I didn't tell my boss that I'm retiring and he is baffled even after I said that I was burned out and quitting to sort things out. He can't imagine anyone leaving that doesn't have another job lined up or is 65 years old and retiring.
FireCalc has been telling me that I'm good to go and a couple of other retirement calculators have said the same thing. I have myself in a no debt situaion - mortgage paid on condo, car paid off, etc. and I completed all that this year. I have 401Ks, IRAs, taxable investments, cash, small pension ($600/month) coming in 2018, and small annuity ($650/month) starting in 2025. My investments and cash total $1.1 million. Right now, the plan is to wait until 66 to starting drawing SS. I've been living below my means for my whole working life.
I think I'll pay COBRA for a while. It's been recommended that I see a health insurance broker to see what my options are between now and ACA.
My last day of work is July 23rd. I'm a little stunned but excited.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
07-14-2013, 01:35 PM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
|
Congratulations, it's great to leave the rat race and all the insanity behind. Folks that don't "get it" are generally so far from FI. they can't understand.
MRG
|
|
|
07-14-2013, 01:35 PM
|
#3
|
Recycles dryer sheets
Join Date: Aug 2012
Location: Murfreesboro
Posts: 57
|
Congratulations!
|
|
|
07-14-2013, 01:38 PM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,431
|
Congratulations! How exciting for you!
omni
|
|
|
07-14-2013, 02:03 PM
|
#5
|
Thinks s/he gets paid by the post
Join Date: Feb 2012
Posts: 1,499
|
Good for you, making the decision to enjoy your summer.
__________________
Chief Retirement Strategist
The AR Group
|
|
|
07-14-2013, 02:55 PM
|
#6
|
Thinks s/he gets paid by the post
Join Date: Apr 2012
Posts: 2,911
|
Congratulations!!
Now you need to change your retirement year in your profile.
__________________
"Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for." - Epicurus
|
|
|
07-14-2013, 03:07 PM
|
#7
|
Confused about dryer sheets
Join Date: Apr 2013
Location: Pacific NW
Posts: 7
|
Done!
|
|
|
07-14-2013, 03:41 PM
|
#8
|
Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 1,019
|
Congratulations! You will never look back. I'm pulling the plug next month. To deal with the "you're too young to retire" comments, I plan on saying that it's a midlife sabbatical, so people will think that I'm just taking a break from work.
|
|
|
07-14-2013, 03:49 PM
|
#9
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
|
Way to go. You will never regret it.
|
|
|
07-14-2013, 04:37 PM
|
#10
|
Moderator
Join Date: Jul 2010
Posts: 7,922
|
Congratulations! You earned it!
__________________
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather
----------------------------------
ER'd Oct. 2010 at 53. Life is good.
|
|
|
07-14-2013, 04:56 PM
|
#11
|
Thinks s/he gets paid by the post
Join Date: May 2008
Location: Cooksburg,PA
Posts: 1,873
|
Congrats in anticipation of July 23rd! Keep us posted.
__________________
Free to canoe
|
|
|
07-14-2013, 08:46 PM
|
#12
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,263
|
Quote:
Originally Posted by JasmineJ
....I think I'll pay COBRA for a while. It's been recommended that I see a health insurance broker to see what my options are between now and ACA. ....
|
Congratulations on your decision. Exciting.
FWIW, I found that buying an individual health insurance plan was less expensive than COBRA, os you might want to check it out, even if it is just for the rest of 2013.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
07-14-2013, 09:34 PM
|
#13
|
Thinks s/he gets paid by the post
Join Date: May 2011
Location: South Eastern USA
Posts: 1,068
|
Congratulations! Well done!
__________________
All that glitters is not gold. -G. Chaucer, W. Shakespeare
All that is gold does not glitter. -J.R.R. Tolkien
|
|
|
07-15-2013, 12:55 AM
|
#14
|
Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Duesseldorf, Germany
Posts: 1,202
|
Congratulations! You have successfully avoided the One More Year Syndrome.
Now go out and enjoy summer.
|
|
|
07-15-2013, 04:59 AM
|
#15
|
Recycles dryer sheets
Join Date: Sep 2010
Location: Allen Park
Posts: 118
|
CONGRATS!!!
Quote:
Originally Posted by pb4uski
FWIW, I found that buying an individual health insurance plan was less expensive than COBRA, os you might want to check it out, even if it is just for the rest of 2013.
|
Make sure you can even get a decent individual plan before turning down COBRA. Some people with pre-existing conditions, whether real or imagined by the HCP, will be denied coverage in the open market.
|
|
|
07-15-2013, 06:55 AM
|
#16
|
Thinks s/he gets paid by the post
Join Date: Mar 2013
Posts: 1,778
|
Woohoo! Love reading these stories of people pulling the plug. Hope you enjoy it.
|
|
|
07-15-2013, 07:57 AM
|
#17
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,681
|
One reason I switched to COBRA (I was still working at the time but had reduced my hours to the point at which I could not remain in my company's group health plan) was so I could keep my good dental coverage, something I could not do with an indiividual HI policy. And I knew I would be facing some costly dental work in the next 18 months. If you (JasmineJ, the OP) have dental coverage and wish to keep it for another 18 months, consider COBRA.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|