One Way Bungi Jumping
Hello to everyone, I'm Perry, 56, single with one 16y/o son living with me. I'm considering ER or at least semi-retirement. I have 4 years to go for a company pension, but don't know if I can hang on that long. My son will be a senior this fall and after graduation in June 2012, I'm free as a bird. I've been trying to narrow down where I want to live. I presently live in NH but the climate and the high cost of living does not make for the ideal retirement location. My main concern is how much income do I really need. At age 56 I get nothing from SS or the company and I can't draw down on my 401K until 59 1/2, so what I have is basically all I have at the present time. I'm pretty sure I can do it by mid 2012 if I work my butt off this year and part of next but would I be foolish to not wait 4 more years?