ugeauxgirl
Thinks s/he gets paid by the post
Why would you go elsewhere for a few years? Financial reasons or just not ready?
Class of 2020
- Thread starter retire2020
- Start date
thepalmersinking
Recycles dryer sheets
- Joined
- Mar 29, 2015
- Messages
- 180
I have 2 in college and the thought of being part of a startup appeals to me much more that current situation. Even if class of 2023 got delayed.
Figure I better get on this thread. Planning on July 2020 right around my 46th birthday... giving myself the gift of freedom and I should earn just enough take home to cover my expenses for 2020 and allow me to max out my 401K one more year. Numbers work but I'm obsessively checking/rerunning them and definitely have a lot of anxiety/impatience.... going to be the longest 9 months of my life!
ugeauxgirl
Thinks s/he gets paid by the post
Welcome to the thread!
Hi, Class of 2020. I feel like I have one leg in your class and one in the 2015 Class. I semiretired in 2015 to teach part-time online (flexible hours/days for 9 months) at half my salary, and while the purists don't call me retired, I certainly feel retired in comparison to my former work life.
It looks like the online gig will run out in May, so at that point I will be fully retired, even to the purists (paychecks will continue until Sept 2020).
In my case, this has worked out fine, since my 1/2 salary is equivalent to pretty close to what DW and I will pull down in SS, which I plan to take in 4.5 years. I can pull from DW's IRA in 3 years, so the next 3 years are the hole in the donut and I have enough cash in my 403b (and 8% of the portfolio in a brokerage account) to carry us to that point when I can pull from both accounts. I'll probably pull about 4.5-5% withdrawals for 5 years (with a lot of flexible spending in that withdrawal), but that seems manageable; after I draw SS it should go down to 3.5-4%, then drop even further when DW starts drawing.
It looks like the online gig will run out in May, so at that point I will be fully retired, even to the purists (paychecks will continue until Sept 2020).
In my case, this has worked out fine, since my 1/2 salary is equivalent to pretty close to what DW and I will pull down in SS, which I plan to take in 4.5 years. I can pull from DW's IRA in 3 years, so the next 3 years are the hole in the donut and I have enough cash in my 403b (and 8% of the portfolio in a brokerage account) to carry us to that point when I can pull from both accounts. I'll probably pull about 4.5-5% withdrawals for 5 years (with a lot of flexible spending in that withdrawal), but that seems manageable; after I draw SS it should go down to 3.5-4%, then drop even further when DW starts drawing.
Fireup2020
Thinks s/he gets paid by the post
- Joined
- Feb 5, 2007
- Messages
- 1,250
Greetings!! Today is my LAST day at w*rk!! Retired officially tomorrow from all sources at age 49!! (although hubby & I still have a side gig selling jerky at beer/wine festivals, but down to only 5 shows per year)
On top of that, just signed closing documents for the sale of our home!! We bought our retirement home on a lake in July - and are living there while we wait on Mother Nature to be nice to get rolling on some renovations. Life is good!!
On top of that, just signed closing documents for the sale of our home!! We bought our retirement home on a lake in July - and are living there while we wait on Mother Nature to be nice to get rolling on some renovations. Life is good!!
Class of 2019 is down the hall....
JUST KIDDING! Congratulations on your last day of work! I can't wait to be able to say that on 9/23/2020. The selling jerky thing sounds a lot more like fun than work. Enjoy!
ugeauxgirl
Thinks s/he gets paid by the post
An early graduation. I'm jealous. [emoji16]
Vacation4us
Full time employment: Posting here.
- Joined
- Oct 5, 2018
- Messages
- 530
Joining class of 2020. DH and I will retire in November 2020. Plan is to move home from NCAL to SCal to our paid off home. DH pension will cover HC and everything else till I can access my 401k at 59.5.
We are looking forward to traveling and not working!
We are looking forward to traveling and not working!
My story...retirement at 60
36 years working in the same field with different two companies. Married 34 yrs. Four kids graduated college and self-supporting. No debt. $2.2M in tax deferred 401K, $200K in tIRA, $72K in Roth $160K in taxable funds and $120K cash.
How's that?
Welcome, Third Son - what's your story?
36 years working in the same field with different two companies. Married 34 yrs. Four kids graduated college and self-supporting. No debt. $2.2M in tax deferred 401K, $200K in tIRA, $72K in Roth $160K in taxable funds and $120K cash.
How's that?
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CoastboundPNW
Dryer sheet wannabe
That's great that it is now officially 'out there'. For me, that was the first thing that made it feel 'real'. I'm getting close to my 2020 date - 122 days and counting! [emoji4]
ugeauxgirl
Thinks s/he gets paid by the post
94 days on my count down calendar. Successor in place- that was the last hurdle to clear before I could submit my retirement plan to the committee. Turning that sucker in next week. Happy Thanksgiving y'all! Lots to be thankful for today. [emoji16]
Great news, ugg!
My development is that when I get back to work on Monday, I'll see my first countdown numbers under 300*... it's gettin' "real" as Coastbound noted above!
* on my "with PTO" countdown. This 'could' be messed with since I'm still officially an employee, but I don't think they will.
My development is that when I get back to work on Monday, I'll see my first countdown numbers under 300*... it's gettin' "real" as Coastbound noted above!
* on my "with PTO" countdown. This 'could' be messed with since I'm still officially an employee, but I don't think they will.
ugeauxgirl
Thinks s/he gets paid by the post
I'd love a sabbatical but my industry doesn't do those. Congrats to you though- when does yours begin?
Well I did it....
I released the hounds! Notified my boss and contacted HR. My retirement date is Feb 29 2020!
Age:60
DW:58
no debt
four kids graduated with college degrees, three married
One income for 30 years
$2.8M saved
Let the conversions begin!
I released the hounds! Notified my boss and contacted HR. My retirement date is Feb 29 2020!
Age:60
DW:58
no debt
four kids graduated with college degrees, three married
One income for 30 years
$2.8M saved
Let the conversions begin!
Vacation4us
Full time employment: Posting here.
- Joined
- Oct 5, 2018
- Messages
- 530
Your good to go, congratulations!
COcheesehead
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
My date was supposed to be the end of December 2020, but that just changed as of today. I negotiated longer continued healthcare coverage in lieu of pay for the last six months so now my date is June 30th, 2020 and I get HC coverage for 74 months past my retirement date. The end is now really, really near.
ugeauxgirl
Thinks s/he gets paid by the post
I just turned my retirement papers in to HR. Won't hear back on comp package for 3 weeks. I am unexpectedly terrified. I thought I was over this.
Dtail
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Just relax. You are the financial person and sounds like you have thought this though by your previous posts.
