Hi Everyone- I was here 4 years ago and asked about whether I would be financially stable if I retire.
I am finally retired as of July 2017 and am enjoying life alot as I have time to do things.
I have spent many countless days reading all I can b4 retirement. Now since I am retired, I am not sure if I am financially stable. Emotionally and Mentally, I am doing very well. I gave myself a retirement gift of traveling to Tanzania to summit Mt. Kilimanjaro, go on a safari, see the Gorillas and relax in Zanzibar. It costed about 8k .
Here is my financial situation:
57 years old
Pension is $56, 200 annually with 2 % adjusted simple cost of living and 85% income protection
Pension 2 is $ 6000 annually for 10 years, NO Cola
I have about 500k in Vanguard (403B)
I have about 100k in Tiaa which I can withdraw at any time without penalty. My back up fund for traveling.
Traditional and Roth IRA is 25k
I owe 8k on my principal resident with the last payment in 4 months. Market value is 950k to 1 mill
I have a HELOC of 17k
I have not tapped into my 403b yet but may need to eventually.
My employer is subsidizing my health benefit for 5 years until I reach 61 years old. Subsidy is $500 per month. I am paying Kaiser $200 out of pocket each month for health benefit.
I travel a lot which is one reason I wanted to retire early.
Prior to retirement, I ran the numbers many times including Firecalc . Now I am not sure anymore.
I am loving my retired life. I spend time at the Gym, watching movies with the movie pass ,hanging out with my boyfriend, reading and traveling.
I am finally retired as of July 2017 and am enjoying life alot as I have time to do things.
I have spent many countless days reading all I can b4 retirement. Now since I am retired, I am not sure if I am financially stable. Emotionally and Mentally, I am doing very well. I gave myself a retirement gift of traveling to Tanzania to summit Mt. Kilimanjaro, go on a safari, see the Gorillas and relax in Zanzibar. It costed about 8k .
Here is my financial situation:
57 years old
Pension is $56, 200 annually with 2 % adjusted simple cost of living and 85% income protection
Pension 2 is $ 6000 annually for 10 years, NO Cola
I have about 500k in Vanguard (403B)
I have about 100k in Tiaa which I can withdraw at any time without penalty. My back up fund for traveling.
Traditional and Roth IRA is 25k
I owe 8k on my principal resident with the last payment in 4 months. Market value is 950k to 1 mill
I have a HELOC of 17k
I have not tapped into my 403b yet but may need to eventually.
My employer is subsidizing my health benefit for 5 years until I reach 61 years old. Subsidy is $500 per month. I am paying Kaiser $200 out of pocket each month for health benefit.
I travel a lot which is one reason I wanted to retire early.
Prior to retirement, I ran the numbers many times including Firecalc . Now I am not sure anymore.
I am loving my retired life. I spend time at the Gym, watching movies with the movie pass ,hanging out with my boyfriend, reading and traveling.
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