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11-28-2006, 05:23 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,666
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I think I've made it
First I would like to thank all the posters on the forum who have made this retirement day possible. I've been mostly reading and not posting much for the last 3 years. The information gained here is invaluable.
It's official Friday is my last day at work. I'm 57 and DW 56. We have just moved from NY to Fla. and I'm just in NY finishing up work till Friday.
DW and I have about 1.4M and everything is paid for. Also have a whole life policy which I will soon cash in for about 135K. Of the 1.4M 1M is taxable and .4 is tax advantaged. DW has a small 8K pension that's 1/2 cola, as for health ins. I'm covered under DW's plan which we pay 10% of the total bill which is about $120 a month.
So what do you guys think do I have a good shot at retirement?
__________________
Work is something you do to get enough $ so you don't have to....Me.
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11-28-2006, 05:30 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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Re: I think I've made it
You're set; Congrats!
__________________
Al
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11-28-2006, 05:31 PM
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#3
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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Re: I think I've made it
First, congratulations - good job.
Second, where in Fla did you move>
Last, if your expenses are under 60K/y, what are you waiting for?
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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11-28-2006, 05:34 PM
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#4
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,837
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Re: I think I've made it
 Quote:
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Originally Posted by 73ss454
It's official Friday is my last day at work.
So what do you guys think do I have a good shot at retirement?
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You're asking now?!?
Eh, you'll soon be more of an expert on that question than we will. Congratulations and enjoy!
__________________
*
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.
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11-28-2006, 05:37 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 49,396
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Re: I think I've made it
It's time to PARTY!!!!
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Numbers is hard
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11-28-2006, 08:20 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,666
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Re: I think I've made it
Rich,
Moving to Viera just across the state from you on the east coast.
Nords,
Well it sort of came up fast after my boss decided to close up shop after 53 years.
So we decided to pull the plug and move closer to the grand kids.
__________________
Work is something you do to get enough $ so you don't have to....Me.
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11-28-2006, 08:40 PM
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#7
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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Re: I think I've made it
Quote:
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Originally Posted by 73ss454
Moving to Viera just across the state from you on the east coast.
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You will enjoy this complicated state, to which everyone seems to want to move despite it all.
Enjoy retirement.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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11-28-2006, 10:02 PM
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#8
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Full time employment: Posting here.
Join Date: Aug 2006
Posts: 563
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Re: I think I've made it
CONGRATS!!!! 
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11-28-2006, 11:42 PM
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#9
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Full time employment: Posting here.
Join Date: May 2006
Posts: 696
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Re: I think I've made it
Wow, that is great news! Enjoy your new life!
__________________
Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called EVERYBODY, and they meet at the bar.--Drew Carey
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11-29-2006, 06:54 AM
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#10
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Recycles dryer sheets
Join Date: Sep 2006
Posts: 70
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Re: I think I've made it
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Originally Posted by Rich_in_Tampa
You will enjoy this complicated state, to which everyone seems to want to move despite it all.
Enjoy retirement.
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Hey Congrats 73ss454!
DW and I really like the area you picked. We used to live not far from there in St. Cloud, FL and used to travel to Melbourne Beach all the time. You will LOVE it. We currently live in Bradenton, on the west coast.
Yes Rich, Florida is a complicated state, and like you, we thoroughly enjoy it.
Say 73ss454, I hope to get to see your ride someday. Maybe you can come to Desoto Speedway one day for their muscle car shootout!
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11-29-2006, 07:25 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,527
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Re: I think I've made it
Welcome to the club!
1.4 with no debt to service and health care covered sounds like a no brainer!
__________________
FIRE'd since 2005
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11-29-2006, 11:43 AM
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#12
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Full time employment: Posting here.
Join Date: Mar 2004
Posts: 688
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Re: I think I've made it
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Originally Posted by paradiseken
Hey Congrats 73ss454!...Say 73ss454, I hope to get to see your ride someday. Maybe you can come to Desoto Speedway one day for their muscle car shootout!
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Yeah 73... make sure you are devoting enough time to your 'Velle with your new schedule.
__________________
Diggin' my way to financial freedom, one buck-at-a-time
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12-01-2006, 09:55 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,666
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Re: I think I've made it
Thanks guys...I flew down to Fla. after work today and looking forward to the 80degree weather tomorrow. Maybe I'll go for a swim. 
__________________
Work is something you do to get enough $ so you don't have to....Me.
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12-02-2006, 05:40 AM
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#14
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Full time employment: Posting here.
Join Date: Aug 2004
Location: Hagersville
Posts: 793
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Re: I think I've made it
Congratulations and have fun I will follow soon. Warm would be good this AM. VEry windy on the north shore of Lake Erie
Bruce
__________________
I wish I was half as good as my dog thinks I am!
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12-02-2006, 07:55 AM
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#15
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Re: I think I've made it
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Originally Posted by 73ss454
Thanks guys...I flew down to Fla. after work today and looking forward to the 80degree weather tomorrow. Maybe I'll go for a swim. |
Congratulations on your last day. I envy your weather. It is 10 degrees outside and snowing right now. I am on the couch, two dogs and a laptop trying to occupy my legs.
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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12-02-2006, 08:34 AM
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#16
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Recycles dryer sheets
Join Date: Sep 2006
Posts: 70
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Re: I think I've made it
Welcome to paradise 73ss454!
Sorry Martha, it's 84 degrees where I am in Florida. I just have on a pair of shorts. I do miss the snow....NOT!
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12-02-2006, 09:05 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,666
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Re: I think I've made it
Quote:
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Originally Posted by Martha
Congratulations on your last day. I envy your weather. It is 10 degrees outside and snowing right now. I am on the couch, two dogs and a laptop trying to occupy my legs.
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Martha,
Now that you decided to be free you can take a look at some nice houses that are for sale on my block. 84 degrees today
__________________
Work is something you do to get enough $ so you don't have to....Me.
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12-02-2006, 09:51 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,071
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Re: I think I've made it
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Originally Posted by 73ss454
Martha,
Now that you decided to be free you can take a look at some nice houses that are for sale on my block. 84 degrees today |
No thanks. That decision was ruled out a few years back. Too many old people down there  .
__________________
Compounding: Never forget! Never not remember!
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12-02-2006, 10:23 AM
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#19
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Full time employment: Posting here.
Join Date: Feb 2006
Posts: 987
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Re: I think I've made it
Quote:
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Originally Posted by Martha
It is 10 degrees outside and snowing right now. I am on the couch, two dogs and a laptop trying to occupy my legs.
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All you need is a roaring fire and a glass of wine - sounds like heaven to me.
DW/me lived in Florida 1969-71. Hated the weather (and the bugs). Love the N.E. (four seasons - you always get "variation").
Of course, I know a lot of folks from "above the Mason-Dixon line" plan on retiring "down South". Good for them, if that's what they want. It dosen't matter where you live, as long as it fits your needs (and you can afford it ).
- Ron
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12-02-2006, 05:00 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,666
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Re: I think I've made it
Quote:
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Originally Posted by Greg
No thanks. That decision was ruled out a few years back. Too many old people down there . |
He Greg, who invited you!
__________________
Work is something you do to get enough $ so you don't have to....Me.
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