Someone sent me a PM with a lot of questions that I'm going to answer publicly.
I'm not selling my house or downsizing - my SO and I bought a big house some years ago and need the space for hobbies/avocations/getting away from each other
etc.
I achieved this by saving a lot of money over the past 10 or 15 years. Lived way below my means but without denying myself a whole lot. I just don't want too many toys - and we have the ones we want.
I don't have a pension (well, I think I get $40K or so -
- but I'm just rolling that into an IRA). I try to make a LOT more than 3 - 4 % on my money. I have to withdraw more than 4% - I can't live on it otherwise. I also have to make more than that on my money. I am less risk-averse than most people on this board, and I enjoy investing and watching the stock market. Because I have no pension, I have to make money on my money.
I am invested in dividend paying stocks that have appreciated (some quite a lot), corporate bonds maturing soon, some mutual funds. I try to make a minimum of 6% on my money - plus capital appreciation. I only take calculated risks. I don't trade options or anything - I never really figured it out enough to be comfortable with it. I just invest, and try to (ahem) buy low and sell high.
When the market goes down, I see it as a buying opportunity.
I've lost money in the stock market, learned a lot, and over all gained money. I took a big hit when the market went to 6600 or whatever it was - I won't do that again.
I have a small mortgage - I am able to itemize so I don't plan to pay it off until I go on Medicare at 65 and probably can no longer itemize on my taxes.
The main issue I see is the 17 months after COBRA runs out - I have pre-existing health conditions but have budgeted for a lot of health expense for that time.
I am taking 2 blues cruises (paid for already) - one in October and one next January - those are my travel plans. I hope to do more - I'll have to see how the money goes.
I used to make art and have energy and garden - all of that has gone away due to job stress. So I will be cooking more, making art, gardening, reading... all good stuff. That's much more fulfilling for me than my job can ever be.
Amazingly, I am not the least bit worried about managing financially. I can always cut back. We have everything we need, basically. We don't eat out much - but I enjoy cooking so that's not a big deal. I don't particularly enjoy shopping for clothes. I decided to let my hair grow and save money on haircuts - also, change is good. If I'm going back to being an artist-hippie, well, why not long hair, too...
I've never really fit into the corporate world and that's fine - I found a job that paid pretty well despite that. Now it's time to get back to what really matters to me. I long ago gave up on trying to fit in (past a certain point).
The stress of layoffs and more work, too few people, and no acknowledgement of the realities got to be too much and unhealthy. Let someone younger deal with it. I'm tired of the whole thing. I'm less physically resilient than I used to be.
The next 2 weeks should be quite entertaining. No one at work knows I am planning this. At ALL. And, while there's no good time to do this (for them) - this will be a really bad time. I've documented all my projects and procedures but they are terribly understaffed so it will be ugly. But I want the summer to be free and there is a lot of additional work coming my way in the next year that would only increase my workload. So I'm out.