FrugalLady
Dryer sheet aficionado
- Joined
- Oct 7, 2017
- Messages
- 39
I'm so glad to have found this forum last week, as I find myself suddenly semi-retired at the age of 48. I say "suddenly" because I had no definite plan to retire when this year started. However, I was becoming increasingly unhappy with upper management, and I knew it was just a matter of time before I reached the end of my tolerance.
So by May, I had reached a point that I dreaded going to my job of 22 years. Strong stock market returns had me running the numbers to see if I could join my husband in retirement. However, concerns over the future of affordable health insurance had me too scared to commit to retirement. I figured I would need to quit and get another full-time job simply for the health insurance. However fate intervened in July, and out of no where, I had a job offer for a part-time job with paid health insurance. I instantly knew in my heart that semi-retirement was the right move for me. July 18th, I let my boss know that I would be retiring September 29th. I started my new part-time job October 2nd and I am already so much happier.
While I am 48, my husband is 70 and has been retired since 2011. Our taxable and retirement accounts total just under $1 mil. We own our home and have no other debt. My part-time income and hubby's SS and RMD covers our living expenses, so we should be able to let our investments continue to grow until I decide to take the leap into full retirement.
I'm sure I will learn many tips from those of you who have already achieved FIRE.
So by May, I had reached a point that I dreaded going to my job of 22 years. Strong stock market returns had me running the numbers to see if I could join my husband in retirement. However, concerns over the future of affordable health insurance had me too scared to commit to retirement. I figured I would need to quit and get another full-time job simply for the health insurance. However fate intervened in July, and out of no where, I had a job offer for a part-time job with paid health insurance. I instantly knew in my heart that semi-retirement was the right move for me. July 18th, I let my boss know that I would be retiring September 29th. I started my new part-time job October 2nd and I am already so much happier.
While I am 48, my husband is 70 and has been retired since 2011. Our taxable and retirement accounts total just under $1 mil. We own our home and have no other debt. My part-time income and hubby's SS and RMD covers our living expenses, so we should be able to let our investments continue to grow until I decide to take the leap into full retirement.
I'm sure I will learn many tips from those of you who have already achieved FIRE.