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Thanks to you I made the plunge
Old 04-14-2008, 10:26 AM   #1
Dryer sheet wannabe
Join Date: Dec 2007
Posts: 10
Thanks to you I made the plunge

Hello my friends,
I searched the internet months ago looking for that right blend of advise, encouragement, and common interest. I found it on this forum. I retired 7 months ago at 58 and love my life and smile every day. I believe the people here made it possible. Even though your all strangers, I feel I know you.
The websites and articles I came across in my early days of gathering information before retirement were very discouraging. The amount of money I would need to survive seemed out of reach. But here, I shifted through the posts and found people within my own financial situation and listened to their stories and advise, giving me the knowledge and strength to go for it.
I'm married. We live in Florida. We own our home and have no debt. My only child is through college and living in Orlando. We live on 40k a year, less than 50% of our prior working income. We purchased two fixed income annuities for steady income from a portion of my pension rollover and also have savings in CD's and IRA. My wife and I work 1 day a week to keep social contacts and to have some extra cash. So far, we haven't dipped into IRA or savings. I plan on SS when I hit 62. The IRA is for inflation adjustment and any emergency needs. I took the old school 3 tier approach; annuity fixed income, SS, private savings. I review my the numbers once a month and so far they are working fine. We are not millionairs but live comfortably.
I love the discussions from both rich and modest income people. A good blend. I took advise from both.
Here's to a long a fruitful life.
Reelax in Florida.
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Old 04-14-2008, 11:06 AM   #2
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 1,183
Outstanding and welcome aboard!
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Old 04-14-2008, 11:39 AM   #3
Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
Welcome !
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Old 04-14-2008, 12:01 PM   #4
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Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,255
Welcome to the forum! There is a diverse group of people and incomes here, but all share the values of financial responsibility and living within one's means.
When I was a kid I wanted to be older. This is not what I expected.
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Old 04-14-2008, 05:57 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
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Join Date: Jan 2008
Location: NC
Posts: 21,099
That's great, we're happy for you. This is a great resource to be sure...
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: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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