Dan
Confused about dryer sheets
Hi all!
I'm a 43 year old public employee with 20 years on the job. As we have a 25 year retirement at 3% per I have 5 more years to draw 75% for life...with a 2% simple interest COLA.
The way it looks my pension will be about $75,000 per year, with a $1,500 yearly COLA. Additionally, I have about $80,000 in my 457 plan and hope to sock away more before 2013. We also get a lump sum payment for unused sick and vacation time which should add in excess of $50,000.
As I have 5 years to retire my mindset has definitely changed recently. Already planning and there is soooo much I want to do. We also have a DROP (Deferred Retirement Option) program which I can participate in, but right now I'm just not feeling it. Don't get me wrong I love my job, but I look forward to retiring while still young and healthy.
Currently single and bought my ex-wife out of her claim to any pension money so its mine all mine!!
Anyway, looking forward to contributing to the forum and learning from all you grizzled FIRE veterans!!
Dan in Texas
I'm a 43 year old public employee with 20 years on the job. As we have a 25 year retirement at 3% per I have 5 more years to draw 75% for life...with a 2% simple interest COLA.
The way it looks my pension will be about $75,000 per year, with a $1,500 yearly COLA. Additionally, I have about $80,000 in my 457 plan and hope to sock away more before 2013. We also get a lump sum payment for unused sick and vacation time which should add in excess of $50,000.
As I have 5 years to retire my mindset has definitely changed recently. Already planning and there is soooo much I want to do. We also have a DROP (Deferred Retirement Option) program which I can participate in, but right now I'm just not feeling it. Don't get me wrong I love my job, but I look forward to retiring while still young and healthy.
Currently single and bought my ex-wife out of her claim to any pension money so its mine all mine!!
Anyway, looking forward to contributing to the forum and learning from all you grizzled FIRE veterans!!
Dan in Texas