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Money and Finances
Reply to "Has anyone here retired early on a lean budget (or plan to)?"
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[quote=Anonymous]We're not going full FIRE, but elements of it. My wife is planning to retire in her mid 50s. She will take on more elder care tasks for our parents and another relative who doesn't have other support. She also has a part-time/flexible job in mind that she'll find fun and for which she'll be qualified. I'm a fed, so I plan to work, build up retirement savings, and provide the health insurance for a while longer...ideally until my early 60s (we can keep FEHB until we qualify for Medicare). We aren't going to be super rich if this all works out, but we'll be fine. We are paying now for hybrid LTC/life insurance coverage to help if one of us needs more care or if one spouse dies and we lose their Social Security. We'll retire with no debt and a good amount of savings, some of which we'll keep invested and some of which might become an annuity. [/quote]
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