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Introducing myself
Old 05-21-2012, 04:38 AM   #1
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Join Date: May 2012
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Introducing myself

This is my first post.

I'm facing a disability retirement. Details of what I would get are not yet known, other than being aware that I would retain medical insurance and vision coverage. There would be a switch with dental.

At this point, I don't know if the retirement will actually come through. But I did a search on discussion boards, found this one, and I imagine I will participate should that disability retirement become official.

Sorry if this is vague. I am a little reluctant to get detailed. But I will say that I am young.

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Old 05-21-2012, 06:00 AM   #2
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Join Date: Mar 2006
Location: Houston
Posts: 4,337
Welcome to the forum. I'm sorry about your situation. I don't see a question in your post.

As a first step, I suggest you get a detailed budget of what your current living costs are. Second, estimate to the best of your ability what the disability amount is likely to be. Factor in what other assets you may have available using about 3% of those being available for living expenses. That will tell you roughly how much of an adjustment you will need to quickly make in your lifestyle.

It will also make a big difference if your disability is COLAd or not.

When you get your numbers, go to FireCalc and see what the program says.

The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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Old 05-21-2012, 08:25 AM   #3
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Join Date: Jan 2008
Location: NC
Posts: 15,671
Welcome aboard. There are many knowledgeable helpful folks here, though your situation may be a little different than most here who will/have retired in their 50's 10 years. Best of luck come what may...
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 40% equity funds / 35% bond funds / 25% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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Old 05-21-2012, 07:58 PM   #4
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Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,532
Very sorry to hear of your disability.

The earlier one 'retires', the more careful one has to be. This is especially difficult as you may not have been thinking about it as long as most of us have.

If you are new here, you may not be aware of FireCalc and other aids. You could start here: Retirement Planning Resources - Links Directory
I have outlived most of the people I don't like and I am working on the rest.
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Old 05-25-2012, 01:13 AM   #5
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Location: midwestern city
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Welcome to the forum. Sorry to hear about your disability. Take care.
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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