I am currently spending about $2500 monthly and am in Canada so medical is out of my hands. I have supplemental drug and dental that will continue in all scenarios.
Single and age 53. Home is free and clear no debt anywhere. I have about $350 Monthly income outside my J@b that would continue in retirement. I have a good emergency fund and 200K invested.
I have three Choices.
One - Keep on as currently working till Sept 2008 which is a four day week, ten hour day with a one hour commute each way. The evening commute is rotton frustrating and miserable.
Currently clearing $3700 a month no overtime no weekends. Bored to tears. No real pressure but no motivation to get up and come to work.
In Sept 2008 I will qualify for $2975 pension after tax.
Two - Leave in Apr 2007 at which time I would receive $2575 monthly or $400 less than Sept 2008.
Three - Go to a three day eight hour per day week. I would take a big hit pay wise and go down to clearing just under $2300 monthly but would be working three short days. I would have to commit myseklf to staying until Sept 2008 and then I would receive the same pension as if I had worked the next twenty months full time or $2975 clear monthly.
The extra money would be nice but I am finding it harder and harder to rise and shine in the morning. Do you think the shorter and less days would be enough to get me through?
Other adviceor ideas?