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  1. R

    Offered a Package at 57

    Well plans don’t always work out the way you expect. As my wife and I are getting ready to retire my brother had an aneurysm and is on life support. He has 2 young girls ages 11 and 17. Their mother also passed away 2 years ago. We will be taking the kids. I don’t think I would have retired if I...
  2. R

    Offered a Package at 57

    Update: Both my wife and accepted the retirement package but they are requiring me to work until December of this year due to business needs. If I don't accept, the incentive package is revoked. I am okay with it as I can increase my savings/pension and i will be getting 60 weeks of pay starting...
  3. R

    Offered a Package at 57

    Planning to sell our primary and moving to our much smaller (but on the water) second house. Need to put some money into it to get top dollar but we should net $700K after the mortgage is paid off. This will reduce spending by $4K a month not even counting the expenses for everything that goes...
  4. R

    Offered a Package at 57

    Thanks so much for all of the comments! Like many have said $75K annual expenses in retirement is too probably too conservative. I am at about $125K now with 2 houses. If I sell my primary house, I will have about $1M to go through before I have to start cashing in retirement money. I think we...
  5. R

    Offered a Package at 57

    I'm 57 and have been offered a package a little earlier than expected. Company usually offers a retirement package every five years and we are at four since the last. I have been there almost 30 years and have been offered 58 weeks of pay. Wife (56) works at the same company and is definitely...
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