lindal00l00
Dryer sheet wannabe
- Joined
- Dec 2, 2011
- Messages
- 19
I am so grateful for the reassurance and insight offered by this forum - which I have been viewing for over a year.
I am 57 and taking a package at the end of the year which will give me a year of severance. I start receiving retirement ($47,000) next year which includes healthcare (around $200 month for my contribution). I have planned for this day and am pretty comfortable with my financial outlook - which is something like this:
Divorced female (and had a prenup!)
401 K - $1,006,000
Investments - $806,000
CDs - $195,000
Cash - $140,000
I have checked and rechecked expenditures and concluded that after paying off the mortgage with the severance, I will have about as much discretionary income as I did while working and hope not to touch assets for a long time to come. My only two delimnas are when to take SS, and whether to withdraw from 401 before I start taking it (I figure my required withdrawels will bump me back to a hgher tax bracket at 70).
I like working, but have had my fill of passive agressive bosses and poor leadership! Nonetheless, I still feel blessed!
I am 57 and taking a package at the end of the year which will give me a year of severance. I start receiving retirement ($47,000) next year which includes healthcare (around $200 month for my contribution). I have planned for this day and am pretty comfortable with my financial outlook - which is something like this:
Divorced female (and had a prenup!)
401 K - $1,006,000
Investments - $806,000
CDs - $195,000
Cash - $140,000
I have checked and rechecked expenditures and concluded that after paying off the mortgage with the severance, I will have about as much discretionary income as I did while working and hope not to touch assets for a long time to come. My only two delimnas are when to take SS, and whether to withdraw from 401 before I start taking it (I figure my required withdrawels will bump me back to a hgher tax bracket at 70).
I like working, but have had my fill of passive agressive bosses and poor leadership! Nonetheless, I still feel blessed!
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