As long as it has taken to get to this point, it seems to have crept up fast these past few years. I have less than one year left before I pull the plug on a 28 year career. My DW has a couple more years before she can do the same. We have saved very hard these past decade in a half and worked to pay off everything we could. House will be paid off before she retires, and we will have two DB pensions along with the mixture of 403B, 457df, and 401k's.
My first part time job will be that I get to babysit my grandson, never looked forward to any job more in my life. This has been a long journey that has been carefully calculated thru pages of Excel spread sheets I created to track every imaginable scenario to make sure we can do this and actually do it better than we are living today.
When I say that, let me quickly explain, we will not be living with 100% of our gross income in retirement, but we will be living on 130% of our net income in retirement. Truly it is the net income once everything is paid that really counts, how much is left over when everything is paid each month so we can travel and be as active as we plan going forward. I look forward to utilizing this site often for tips and tricks and continuing education going forward!! Take care everyone!!
My first part time job will be that I get to babysit my grandson, never looked forward to any job more in my life. This has been a long journey that has been carefully calculated thru pages of Excel spread sheets I created to track every imaginable scenario to make sure we can do this and actually do it better than we are living today.
When I say that, let me quickly explain, we will not be living with 100% of our gross income in retirement, but we will be living on 130% of our net income in retirement. Truly it is the net income once everything is paid that really counts, how much is left over when everything is paid each month so we can travel and be as active as we plan going forward. I look forward to utilizing this site often for tips and tricks and continuing education going forward!! Take care everyone!!