24601NoMore
Thinks s/he gets paid by the post
- Joined
- Dec 8, 2015
- Messages
- 1,166
Hey gang..
Thinking it's finally time to RE (me - 54..DW - 60) but still suffering from OMY syndrome.
I've modeled things out till the cows come home and am confident we'll be more than fine financially, but the thought of leaving a pretty good paying (but brutally horrible & stressful) mega-corp job where my W-2s are at #s I thought I'd never see is pretty challenging.
Complicating things is a choice we need to make this week (Friday is the drop dead decision day) on whether to buy the retirement property I mentioned previously. Cost of building is just super sky high at this point, and we'd be looking at a net $200 - 250K above and beyond what we'd get for our current house before all is said and done, which seems REALLY tough to do right before RE. Seems like that money would be better spent buying healthcare coverage until both DW and I get to Medicare..(I also checked that..yikes. Easily $20K/year even WITH income limited ACA subsidies).
So, curious - how did those of you who RE'd decide to walk away from the additional $s (which in our case would allow us to do something we've dreamed about for literally decades now)? Once I leave, it's unlikely (at my age) I'd ever get back in..and it just seems that 54 is way too young to call it a day for good. If I could do OMY, I could fund the retirement house..but also at a cost of further damage to my and possibly DW's health from the additional stress also..
Really tough decision, but it's more likely than not that 2018 will be the year we both hang up the "gone fishing" signs..the work stress is extremely high and in the big picture becoming increasingly not worth it..
Would appreciate any thoughts and experiences you guys can share.
TIA..
Thinking it's finally time to RE (me - 54..DW - 60) but still suffering from OMY syndrome.
I've modeled things out till the cows come home and am confident we'll be more than fine financially, but the thought of leaving a pretty good paying (but brutally horrible & stressful) mega-corp job where my W-2s are at #s I thought I'd never see is pretty challenging.
Complicating things is a choice we need to make this week (Friday is the drop dead decision day) on whether to buy the retirement property I mentioned previously. Cost of building is just super sky high at this point, and we'd be looking at a net $200 - 250K above and beyond what we'd get for our current house before all is said and done, which seems REALLY tough to do right before RE. Seems like that money would be better spent buying healthcare coverage until both DW and I get to Medicare..(I also checked that..yikes. Easily $20K/year even WITH income limited ACA subsidies).
So, curious - how did those of you who RE'd decide to walk away from the additional $s (which in our case would allow us to do something we've dreamed about for literally decades now)? Once I leave, it's unlikely (at my age) I'd ever get back in..and it just seems that 54 is way too young to call it a day for good. If I could do OMY, I could fund the retirement house..but also at a cost of further damage to my and possibly DW's health from the additional stress also..
Really tough decision, but it's more likely than not that 2018 will be the year we both hang up the "gone fishing" signs..the work stress is extremely high and in the big picture becoming increasingly not worth it..
Would appreciate any thoughts and experiences you guys can share.
TIA..