Hi,
Been reading this forum for a while: enjoyed, learned a lot, and also confused. I felt like I came to the wrong place -- The Millionaire club. So, how can I take ER with a small pension?
Will be 55 in five months. Decided that I have enough in the IT field: too much stress from deadlines, week-ends, on-calls all the time,...
Since I will have a choice to get my pension when I am 55, I am planning to retire in November with the following financial situations:
1. Will collect about 2000/month (before taxes) from my pension then it will reduce to 500 when SSN kicks in at 62.
2. About 900/mo interests from CDs (200K+)
3. 100K in 401K. Plan to draw $500/month when 59 1/2
4. Wife still works for five more years to handle health insurance then may join when she is 60 which will qualify for retirement pension from state ($1500/mo may be with some benefits)
5. No debts. No mortgage.
6. Plan to take early SSN at 62 (both of us)
So can i make it? Any early retirees out there have been managed with small pension? Can you give me some advices?
Thanks!!!
Been reading this forum for a while: enjoyed, learned a lot, and also confused. I felt like I came to the wrong place -- The Millionaire club. So, how can I take ER with a small pension?
Will be 55 in five months. Decided that I have enough in the IT field: too much stress from deadlines, week-ends, on-calls all the time,...
Since I will have a choice to get my pension when I am 55, I am planning to retire in November with the following financial situations:
1. Will collect about 2000/month (before taxes) from my pension then it will reduce to 500 when SSN kicks in at 62.
2. About 900/mo interests from CDs (200K+)
3. 100K in 401K. Plan to draw $500/month when 59 1/2
4. Wife still works for five more years to handle health insurance then may join when she is 60 which will qualify for retirement pension from state ($1500/mo may be with some benefits)
5. No debts. No mortgage.
6. Plan to take early SSN at 62 (both of us)
So can i make it? Any early retirees out there have been managed with small pension? Can you give me some advices?
Thanks!!!