I'm dressing for my annual review this past week and I keep telling myself, "don't talk about FIRE at the review". I'm repeating it like a mantra. I'm FIRED up right now and the goal is to leave before 50 with 30 years of service so I'm having a hard time keeping the subject out of my conversation.
So anyway, I end up at lunch with my boss and his boss. Everything's going great, we're talking business and football, yada-yada. Over dessert, I pop out with "do y'all know about SEPP withdrawals?" Blank stares.
Me: "You can access your 401k and IRA savings without penalty BEFORE 591/2"!
My boss: "Why would you want to do that"?
Me: So you can retire early.
Mb: Oh.
Me: Doh!
Oh, well. I also let him know at my review that I was working here because this is where I want to be at this time. I no longer feel like I have to stay here until 55 when I would be eligible for the pension. This has done a lot for my attitude; knowing that I'm very close to achieving the formula. It would be manageable even now.
However, I have to quit talking about it at work.
So anyway, I end up at lunch with my boss and his boss. Everything's going great, we're talking business and football, yada-yada. Over dessert, I pop out with "do y'all know about SEPP withdrawals?" Blank stares.
Me: "You can access your 401k and IRA savings without penalty BEFORE 591/2"!
My boss: "Why would you want to do that"?
Me: So you can retire early.
Mb: Oh.
Me: Doh!
Oh, well. I also let him know at my review that I was working here because this is where I want to be at this time. I no longer feel like I have to stay here until 55 when I would be eligible for the pension. This has done a lot for my attitude; knowing that I'm very close to achieving the formula. It would be manageable even now.
However, I have to quit talking about it at work.