I am 56 and am ready to retire. I have had some health concerns of late - nothing chronic but enough to make me realize I want to enjoy some of my years of retirement as healthy as possible.
In NJ I can retire at 25 years with no penalty if over 55. I will have to pay a percentage to my medical (according to NJEA it looks about $100 a month). My husband is already retired (he is 65). I think it makes sense for me to go.
We have run some numbers and it seems like we will be able to make it. I am just worried about having enough.
I should also say we have a senior still in high school - He will be going to college in the fall. We are not planning on any loans to help with college - he is working on scholarships, state schools etc. And we have a 20 year old daughter still taking community college courses living at home.
Any other retired teachers? Any others with age gap between husband and wife? How did you handle retirement decision?
In NJ I can retire at 25 years with no penalty if over 55. I will have to pay a percentage to my medical (according to NJEA it looks about $100 a month). My husband is already retired (he is 65). I think it makes sense for me to go.
We have run some numbers and it seems like we will be able to make it. I am just worried about having enough.
I should also say we have a senior still in high school - He will be going to college in the fall. We are not planning on any loans to help with college - he is working on scholarships, state schools etc. And we have a 20 year old daughter still taking community college courses living at home.
Any other retired teachers? Any others with age gap between husband and wife? How did you handle retirement decision?