Reply to Anyone transition from big pay/big house/big expense to a low cost, simple, yet fulfilling retirement life?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm in the thick of the rat race at the moment: high stress / high paying job, expensive house, expensive kids, etc.

One day the kids will hopefully successfully fly from the nest and around that time, I'll be thinking about retirement.

The kid-related expenses would go away, as would, maybe the need for the big house?

I'm looking for tales of downsizing and simplifying the lifestyle in retirement.  What has it looked like for you?[/quote]

What will you do for insurance?
[/quote]

DP: Buy COBRA for 18 months after the last job (when I retire).  Then for the next 9 years, pay for a good plan thru ACA.  Have already priced them and well aware they are NOT cheap.  At 55-60, we can expect to pay $2-2.3K/month for a Silver plan with a 9K/18K deductibles and No OON coverage (beyond Urgent care and ER).  That would go up to $2.5K+/month in your 60s.  
So yes, it's a shock the price---our healthcare is currently $240/month (dental and vision included) with a $1K ind/$2K family deductibles.  
But we know the costs and are calculating them into our retirement expenses---that plus our concierge docs will run us ~$2.8K/month, and we plan for needing the $18K deductible as a worst case scenario (all it takes is two to three smaller issues each year to get there)[/quote]

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