Reply to if you were able to retire early (55-62) how did you do it

Forum Index » Jobs and Careers

Reply to "if you were able to retire early (55-62) how did you do it"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]I am 55 and DH is 62, we could retire now and be fine, but are planning in 4-5 years.  We will have health insurance through jobs, two modest pensions (I was in fed service 10 years, state will be 10 years, he will have 18 years), enough in our 401k and brokerages and college paid for. House wont be paid off but we could easily sell and downsize; no second homes but we should be comfortable. Its also nice to know if layoffs, etc, occur for one of us we would be okay.

Every once in a while, I do think about leaving earlier, but I am at an inflection point in my job, about to make a lot of hires and build something that I was hired to do, and it will take 3-4 years to do it and transition to new leadership. Dh doesnt mind working because he finds it interesting, its remote, and is really flexible so he has plenty of time to work out, etc. Plus our kids are still in high school so its not like we could be jetting away for months at a time anyway.

That being said, I really wish I had known much more about finances than I did growing up and as a young person. My parents never talked about it, and except for putting away 15% of my mostly pitiful salary in tsp I never really knew much (like I didn't know what a Roth was), nor did my spouse. So we kind of lost out on some early years of compounding, and could have done more to be able to retire at 45. Interestingly the FIRE movement is very popular now among younger people (30s, 40s). [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics