I had semi-retired about 10 years ago to work part time in my own engineering company. After a few years of dealing with all the parts of a business I didn't enjoy (looking at you accounts receivable) I went back full time to the company I left after it had gone through a buyout and reorg.
Earlier this month I was let go with no notice. I had done a good job of investing along the way but had not really kept up with my old spreadsheets for for retiring vs continuing to work. After dusting them off and going through every retirement calculator I could find I am convinced that we can afford it and retiring is the right choice.
While looking at dates for pulling funds from 401K and IRAs (if needed) I realized that my termination date was 3 days before I turned 59.5. So I take this as retiring early. I was planning on retiring at 62 anyway.
The shock of this big change is fading away and I am ready to work through optimizing our retirement plan for my wife and 4 kids (under 18) still at home.
Earlier this month I was let go with no notice. I had done a good job of investing along the way but had not really kept up with my old spreadsheets for for retiring vs continuing to work. After dusting them off and going through every retirement calculator I could find I am convinced that we can afford it and retiring is the right choice.
While looking at dates for pulling funds from 401K and IRAs (if needed) I realized that my termination date was 3 days before I turned 59.5. So I take this as retiring early. I was planning on retiring at 62 anyway.
The shock of this big change is fading away and I am ready to work through optimizing our retirement plan for my wife and 4 kids (under 18) still at home.