Hi, Im Rossa, and new to Early retirement.
Literally, I lost my job in December of last year, and couldnt replace it in the current economic climate, so I retired from working away from home, and instead opened a business here. No, Im not one of those folks who works in thier jammies, I do have to get up get dressed and go outside every morning to go to work, but I like it. I own an onsite greenhouse, we grow earth grown vegetables for consumption and sale, no hydroponics here.
Anyhow, today at noon my husband called and said "well, I did it" I said "did what?" I expected him to say he'd bought the new truck he was looking at, instead he answered " I gave the boss notice, Im retiring, effective Dec. 15th"
I was floored to say the least he'd been talking about it but.... We have been lucky somewhat this year to recieve quite a bit of inheritence from some relatives, but its not nearly gonna be enough I dont think. While we both will still work at our own businesses, we will be summarily "retired" from public sector employment.
So there goes any prepaid retirement funds, and insurance. Plus we have a 16year old who will be kiting off to college in a couple of years
Now, Im shifting gears or trying to with no information about what is best to do when you retire, and still have many years ahead that you will be capable of making an income. We would like to step back from the rat race some, and do a little of that retirement enjoying(while our child is still at home) but I need help staying on a level finanacial playing field.
We should be able to pay our home off by the end of the year, and then all we will have left is my car (220 a month) other than that ,not much outlay.
We raise most of our veggies and meat, so limited grocery bills. limited outlay on energy costs(wood heat) etc.
I am so lost right now