Re: Signed papers for "early retirement"
Welcome to the board, Gpax.
That $25K is a nice amount to put into a money market & CDs for any expense surprises as you and your spouse adapt to your changing lifestyles.
You'll probably be paying taxes on the $25K and you may owe estimated taxes if nothing is witheld from that $25K lump sum. So rather than buying one huge CD you may want to break it up into smaller CDs that you can tap without big early-withdrawal penalties.
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.