I wish I could remember the Noel Coward quote--something about "when you get older every 5 minutes it's time for breakfast again." I have certainly found that to be true!! So try not to wish away the next 11-14 months TOO much!Originally Posted by happystuff
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"Do any human beings ever realize life while they live it--every, every minute?" Emily Webb, Our Town
www.silententry.wordpress.com
Congratulations! I'm planning on retiring 1/1/25, but told them I'd still work part-time. Lots to do in the next 11 months!
"Do not accumulate for yourselves treasures on earth, where moth and rust destroy and thieves break in and steal. But accumulate for yourselves treasure in heaven, where moth and rust do not destroy, and thieves do not break in and steal. For where your treasure is, your heart is also." Jesus
oh great, you are in countdown mode!
That's great, Beckyliz!
Husband is retiring in about 3 years and is already getting things set in his mind on how everything will work with finances, healthcare, etc. I still have another 10 years before I hit 62 and can retire so we will start getting health insurance from my work instead of his. He currently has about $700,000 in his 401K and it should be at $1M by the time he does retire. He figured out that once I retire and start collecting my pension and Social Security, we will be golden. Just have to get through a few years (5-6) with him retired and me still working.
Congrats on seeing the light at the end of the tunnel. I envy you!!
Klunick, it sounds like you guys are in great shape. If you have a pension PLUS social Security, and with that much in financial assets, you’ll be fine. We barely touch our assets, just using that stash for a new car, house renovation, or a big blowout trip to Europe when that happens, which is been only once in the past few years.
Otherwise, the pension makes all the difference in having a retirement that is luxurious. Without it, we would be perfectly fine but it is nice.
Congrats, beckyliz! and to your dh Klunick!
For us, I think the biggest issue is going to be "where". Looking at the housing market and prices is just frustrating to no end.
To give pleasure to a single heart by a single act is better than a thousand heads bowing in prayer." Mahatma Gandhi
Be nice whenever possible. It's always possible. HH Dalai Lama
In a world where you can be anything - be kind. Unknown
I have always had a fear of living with no money. Must come from dealing with the aftermath of my parents' divorce. Dad was an Officer in the Army and mom was a SAHM. Never had a want or need that couldn't easily be met. Then they got divorced and mom was left without a job or money coming in. She did get a job but obviously not paying nearly as much as my dad was making. We had to scrimp and save and eat toast for dinner many nights. I never lived on my own so I never had to worry about having enough money to pay for rent/food/etc. I worry about what will happen when my husband passes and it's just me. I think I will be ok maintaining the money as I am not someone who blows money willy nilly. My concern is making sure I have all the money I will need to live until death. That scares me. Heck it scares me to think about how things will change once my husband retires in a few years. I like living without worrying about money and I think when it does happen, I will have to worry even though in my head, I think we'll be just fine.
what are your geographic limitations?
Definitely east/northeast - but not New England. While I would love Vermont, I'm over snow! LO Which is weird because we were also thinking PA - possibly mountains. Being near family, however, is a priority and that's all just up in the air right now.
To give pleasure to a single heart by a single act is better than a thousand heads bowing in prayer." Mahatma Gandhi
Be nice whenever possible. It's always possible. HH Dalai Lama
In a world where you can be anything - be kind. Unknown
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