chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
A new situation may have surfaced at the Chinaco household.
DW might be offered a package at work (Huge MegaCorp). Part of that package is Group Health Care (premium cost today about $2k year for both of us). She would also get some severance.
I will be eligible to retire in about 4 years. At that time, I will be eligible for a pension. It will cover about 12.5% of our projected spending. Plus, I will qualify for Group Health Care (at about 2k/year for both of us).
We are almost at our target portfolio size for ER... But the allocation is still a little bit aggressive (70/30). I was planning on rebalancing over the next 4 years to get it in shape.
Anyway, if DW is eligible for the package we may have an opportunity.
If I stopped now (4 years before work ER age), I would still have my pension but would not get it till 65. I would lose the group health. Plus, even though DW has health care available... we all know what happens now days... the redundancy of an extra plan might reduce risk.
If DW gets the offer, she will take it. The question is should I FIRE now or holdout for another 4 years?
Work stinks sometimes... but I do not hate it (most times). However, I am ready to turn the page and start a new chapter in life.
My struggle is related to 4 years. I have been planning the ER for a long-time. 4 years does not seem too far off. If I wait 4 years, we have my pension (which helps with the success of the funding model).
I have considered DW ER... watch things for a bout a year then maybe ER.. But then I would be only 3 years away. Plus... I do not have the option to go part-time at work.
It is a bit of a dilemma! What would you do if you were me?
DW might be offered a package at work (Huge MegaCorp). Part of that package is Group Health Care (premium cost today about $2k year for both of us). She would also get some severance.
I will be eligible to retire in about 4 years. At that time, I will be eligible for a pension. It will cover about 12.5% of our projected spending. Plus, I will qualify for Group Health Care (at about 2k/year for both of us).
We are almost at our target portfolio size for ER... But the allocation is still a little bit aggressive (70/30). I was planning on rebalancing over the next 4 years to get it in shape.
Anyway, if DW is eligible for the package we may have an opportunity.
If I stopped now (4 years before work ER age), I would still have my pension but would not get it till 65. I would lose the group health. Plus, even though DW has health care available... we all know what happens now days... the redundancy of an extra plan might reduce risk.
If DW gets the offer, she will take it. The question is should I FIRE now or holdout for another 4 years?
Work stinks sometimes... but I do not hate it (most times). However, I am ready to turn the page and start a new chapter in life.
My struggle is related to 4 years. I have been planning the ER for a long-time. 4 years does not seem too far off. If I wait 4 years, we have my pension (which helps with the success of the funding model).
I have considered DW ER... watch things for a bout a year then maybe ER.. But then I would be only 3 years away. Plus... I do not have the option to go part-time at work.
It is a bit of a dilemma! What would you do if you were me?