Would love some feedback from this forum. I'm 53 single, no children. I currently make 65k taxable salary(plus 8k tax deferred) and 16k from non-qualified dividends.
I have 700k in a company ESOT and 330K in a 401k. I own my home and have no debt. I also have 78k in equities and 97k in cash.
Two reasons I want to retire at the first of the year(the year in which I turn 55) #1- I hate my job. It is physically and mentally taxing and I don't know how much longer I can handle it. I work for a large corp. and I know of only one other person at my age that has the same role as myself.
#2- I am getting very uneasy with so much of my retirement fund in our company's ESOT. Been great so far but all my eggs, I don't think so.
Have tracked my expenses for 18 months and I will need 50k inflation adjusted to support my current lifestyle. Firecalc seems to like my chances but who knows what health care will cost in the future. Kind of in the one or two more year mental loop. But then again the job is getting toxic to my health and well-being. Retire-don't retire. Retire-don't retire. Make it stop
I have 700k in a company ESOT and 330K in a 401k. I own my home and have no debt. I also have 78k in equities and 97k in cash.
Two reasons I want to retire at the first of the year(the year in which I turn 55) #1- I hate my job. It is physically and mentally taxing and I don't know how much longer I can handle it. I work for a large corp. and I know of only one other person at my age that has the same role as myself.
#2- I am getting very uneasy with so much of my retirement fund in our company's ESOT. Been great so far but all my eggs, I don't think so.
Have tracked my expenses for 18 months and I will need 50k inflation adjusted to support my current lifestyle. Firecalc seems to like my chances but who knows what health care will cost in the future. Kind of in the one or two more year mental loop. But then again the job is getting toxic to my health and well-being. Retire-don't retire. Retire-don't retire. Make it stop