PandaBear
Recycles dryer sheets
- Joined
- Mar 11, 2014
- Messages
- 313
Dh’s last day of work was Friday. So tomorrow morning, no alarm set for him!
Finally closed out my work 401k , last work date is July 4th and did a roll over to an IRA with little over 1 mill after 24 years of contribution.
Had a 2-hour consultation with a CFP yesterday (free through my 457 plan). As we suspected, we are completely FI and good to go for travel, future home purchase and other plans! But my healthcare is the boogeyman (DH has VA disability coverage), so we're working until the next presidential administration is firmly in place - whatever that may hold. In the meantime, we are earning fun money (or future healthcare funding). I'm feeling a great sense of relief.
Turned in my notice today. Will RE at the end of this month, a bit shy of my 51st birthday
Investments hit $2.7M last week and NW hit $3.7M. I'm looking forward to being RE in a month or so.
Congrats, flybynight! We’re looking at eerily similar numbers with a RE date of Sep-30. Best of luck with your transition to whatever comes next.
Celebrate a new milestone on your journey to FIRE with us! Did you just pay off your mortgage, reach financial independence, or pass a nice round number on your way to FI? Tell us of your accomplishments here!
So, in May we reached our first milestone of 1-M in Investments and cash
That being said, I also am aware that it is because of the market surge and that we are also due for a correction, or worse a recession. Which brings me to my point (my apologies long winded), just turning 59 and planning on retirement here at 60 DW is 6 years older and will collect SS next April at 66.
I have a mil pension, will have small gov pension, wife has gov pension, SS. All in all after tax we will take home 9K until I can get SS at either 62/67?
I want to ER I guess; however, I think I am just a little uncertain of our economy, our politics as a nation, etc. Anyone else in the proverbial "boat"?
Do you mind sharing how you did so well, tripling your NW in 10 years? Was alot of it contributions or just plain growth?
Just make sure you don't need to work through December 31 to receive your company match. I'm waiting until January 2 to give notice. Don't want to give up the New Year's day holiday, nor the 401(k) company match, nor my floating holiday (which I plan to use in January for my birthday). If you tell them you're working through 12/31, but they walk you out the door earlier, you might lose the match. Best wishes!I finally [went against advice received from this forum and] told my immediate manager that I plan to retire no later than 12/31/19.
He did confirm what some here said, which is that once he "makes it official" and notifies HR, there's a chance I'll be walked out the door that day.
So we're holding off until I give him the go-ahead.
But the date is out there in the universe now, and plans are being made as though I will no longer be here at the office--hallelujah!!!