Hi y'all. Been lurking and a very occasional contributor. My wife retired in June of 09 at age 54 and I retired on New Years Day 2011 at age 55. We live in one of those very blue, very cold, states on the North Coast.
Thanks to many on this site for great advice over the years. We are making it via my wife's small pension and 3 other annuities (all annuitized 403b's), as well as dividends, interest, and chunks out of my traditional IRA (via 72t). (I infrequently see discussions about 72t distributions here, I think it makes much sense in your mid fifties, particularly recently when marginal income tax rates have been low by historical standards).
But our real godsend has been my wife's retirement health benefits, a great High deductible family coverage policy with all premiums and out-of-pocket expenses (for covered charges) reimbursed via an HRA which her previous employer deposits monthly payments into. This sweet deal ends at the stroke of midnight on her 65th birthday. It was a deal that we could not pass up - and is contractually guaranteed (as long as the local school district stays solvent).
We are healthy and very active. We are looking forward to staying 6 weeks in Kailua, Oahu mid January to late February 2012. And I can kiss my snow-blower (a temporary) good-bye.
Thanks to many on this site for great advice over the years. We are making it via my wife's small pension and 3 other annuities (all annuitized 403b's), as well as dividends, interest, and chunks out of my traditional IRA (via 72t). (I infrequently see discussions about 72t distributions here, I think it makes much sense in your mid fifties, particularly recently when marginal income tax rates have been low by historical standards).
But our real godsend has been my wife's retirement health benefits, a great High deductible family coverage policy with all premiums and out-of-pocket expenses (for covered charges) reimbursed via an HRA which her previous employer deposits monthly payments into. This sweet deal ends at the stroke of midnight on her 65th birthday. It was a deal that we could not pass up - and is contractually guaranteed (as long as the local school district stays solvent).
We are healthy and very active. We are looking forward to staying 6 weeks in Kailua, Oahu mid January to late February 2012. And I can kiss my snow-blower (a temporary) good-bye.