Anonymous wrote:

Anonymous wrote:I am unexpectedly retiring in a couple of weeks (thanks DOGE!). Husband (57) also RIF'd, but not eligible for retirement. I was initially VERY worried about our financial future, so hired a financial advisor. He really put my mind at ease that we are fine to actually retire. Our NW is ~2.5M, not including ~850K equity in our home and 529 accounts with more than enough to cover the rest of college for our three kids.

The hard thing is wrapping my head around 1) not saving anymore; and 2) not working. I am going to try it out, but my husband decided to take another job. We'll see how the next year plays out and probably re-evaluate.

Uh oh. Que the weirdo who is going to tell you that you aren’t retiring. You’re a stay at home mom. 🙄

3,2,1….

Anonymous wrote:I envy all the people with a pension. I would love to retire early, but I don't have enough savings (am 55 and we live a long time in my family, lots of late 90 folks, so I would need my savings to cover me for about 40-ish years). As it is I pray I can stay employed to 65. I have never been unemployed but have been in do-gooder roles so not paid a lot. I have $1.1mil in retirement accounts and about $400K in equity. House will be paid off in six years.

Anonymous wrote:My husband retired at 30. Now at 50 he decided to do part time consulting but it's mostly something to keep him busy. He works with 4 clients.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am unexpectedly retiring in a couple of weeks (thanks DOGE!). Husband (57) also RIF'd, but not eligible for retirement. I was initially VERY worried about our financial future, so hired a financial advisor. He really put my mind at ease that we are fine to actually retire. Our NW is ~2.5M, not including ~850K equity in our home and 529 accounts with more than enough to cover the rest of college for our three kids.

The hard thing is wrapping my head around 1) not saving anymore; and 2) not working. I am going to try it out, but my husband decided to take another job. We'll see how the next year plays out and probably re-evaluate.

Uh oh. Que the weirdo who is going to tell you that you aren’t retiring. You’re a stay at home mom. 🙄

3,2,1….

I would love to know the difference between retiring and becoming a SAHP (or just not working if you don't have kids or independent kids)- serious question! In my parents' day, people were considered "retired" when they got pensions, health care, etc, but that largely doesn't exist anymore.

The difference is that in the past most woman who stayed home with their kids — and, let’s face it, that was most women — were never considered “retired” even if they worked before having kids. Now women don’t want to admit that they’re staying home with kids so they say they’re retired. But they’re not.

That was the past. Retired means you left your occupation and no longer work. Whether or not you have kids is irrelevant.

Anonymous wrote:My husband retired at 30. Now at 50 he decided to do part time consulting but it's mostly something to keep him busy. He works with 4 clients.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am unexpectedly retiring in a couple of weeks (thanks DOGE!). Husband (57) also RIF'd, but not eligible for retirement. I was initially VERY worried about our financial future, so hired a financial advisor. He really put my mind at ease that we are fine to actually retire. Our NW is ~2.5M, not including ~850K equity in our home and 529 accounts with more than enough to cover the rest of college for our three kids.

The hard thing is wrapping my head around 1) not saving anymore; and 2) not working. I am going to try it out, but my husband decided to take another job. We'll see how the next year plays out and probably re-evaluate.

Uh oh. Que the weirdo who is going to tell you that you aren’t retiring. You’re a stay at home mom. 🙄

3,2,1….

I would love to know the difference between retiring and becoming a SAHP (or just not working if you don't have kids or independent kids)- serious question! In my parents' day, people were considered "retired" when they got pensions, health care, etc, but that largely doesn't exist anymore.

It's "cue the weirdo..." Please read a book.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am unexpectedly retiring in a couple of weeks (thanks DOGE!). Husband (57) also RIF'd, but not eligible for retirement. I was initially VERY worried about our financial future, so hired a financial advisor. He really put my mind at ease that we are fine to actually retire. Our NW is ~2.5M, not including ~850K equity in our home and 529 accounts with more than enough to cover the rest of college for our three kids.

The hard thing is wrapping my head around 1) not saving anymore; and 2) not working. I am going to try it out, but my husband decided to take another job. We'll see how the next year plays out and probably re-evaluate.

Uh oh. Que the weirdo who is going to tell you that you aren’t retiring. You’re a stay at home mom. 🙄

3,2,1….

I would love to know the difference between retiring and becoming a SAHP (or just not working if you don't have kids or independent kids)- serious question! In my parents' day, people were considered "retired" when they got pensions, health care, etc, but that largely doesn't exist anymore.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am unexpectedly retiring in a couple of weeks (thanks DOGE!). Husband (57) also RIF'd, but not eligible for retirement. I was initially VERY worried about our financial future, so hired a financial advisor. He really put my mind at ease that we are fine to actually retire. Our NW is ~2.5M, not including ~850K equity in our home and 529 accounts with more than enough to cover the rest of college for our three kids.

The hard thing is wrapping my head around 1) not saving anymore; and 2) not working. I am going to try it out, but my husband decided to take another job. We'll see how the next year plays out and probably re-evaluate.

Uh oh. Que the weirdo who is going to tell you that you aren’t retiring. You’re a stay at home mom. 🙄

3,2,1….

I would love to know the difference between retiring and becoming a SAHP (or just not working if you don't have kids or independent kids)- serious question! In my parents' day, people were considered "retired" when they got pensions, health care, etc, but that largely doesn't exist anymore.

The difference is that in the past most woman who stayed home with their kids — and, let’s face it, that was most women — were never considered “retired” even if they worked before having kids. Now women don’t want to admit that they’re staying home with kids so they say they’re retired. But they’re not.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am unexpectedly retiring in a couple of weeks (thanks DOGE!). Husband (57) also RIF'd, but not eligible for retirement. I was initially VERY worried about our financial future, so hired a financial advisor. He really put my mind at ease that we are fine to actually retire. Our NW is ~2.5M, not including ~850K equity in our home and 529 accounts with more than enough to cover the rest of college for our three kids.

The hard thing is wrapping my head around 1) not saving anymore; and 2) not working. I am going to try it out, but my husband decided to take another job. We'll see how the next year plays out and probably re-evaluate.

Uh oh. Que the weirdo who is going to tell you that you aren’t retiring. You’re a stay at home mom. 🙄

3,2,1….

I would love to know the difference between retiring and becoming a SAHP (or just not working if you don't have kids or independent kids)- serious question! In my parents' day, people were considered "retired" when they got pensions, health care, etc, but that largely doesn't exist anymore.

Anonymous wrote:

Anonymous wrote:I'm not retired yet but wonder if I could in about 5 years. I'm 49 now and have $960K in 401K, $195K in brokerage account. My SSN would be about $1500 a month if I work 5 more years. I also will have a small pension ( about $1000 a month). My spouse already receives SSN and pension in the amount of $3000 a month ( healthcare insurance is deducted from his government workplace). Our child will be heading to college in a few years and we have 4 semesters prepaid in 529. I wonder if I can retire in 5 years. We have no debt, house is paid off. We are pretty frugal. I'm so jealous of all retired people who have time and money and can travel anywhere they want. Can I retire too?

Yes of course you can.

Anonymous wrote:

Anonymous wrote:I am unexpectedly retiring in a couple of weeks (thanks DOGE!). Husband (57) also RIF'd, but not eligible for retirement. I was initially VERY worried about our financial future, so hired a financial advisor. He really put my mind at ease that we are fine to actually retire. Our NW is ~2.5M, not including ~850K equity in our home and 529 accounts with more than enough to cover the rest of college for our three kids.

The hard thing is wrapping my head around 1) not saving anymore; and 2) not working. I am going to try it out, but my husband decided to take another job. We'll see how the next year plays out and probably re-evaluate.

Uh oh. Que the weirdo who is going to tell you that you aren’t retiring. You’re a stay at home mom. 🙄

3,2,1….

Anonymous wrote:

Anonymous wrote:I am unexpectedly retiring in a couple of weeks (thanks DOGE!). Husband (57) also RIF'd, but not eligible for retirement. I was initially VERY worried about our financial future, so hired a financial advisor. He really put my mind at ease that we are fine to actually retire. Our NW is ~2.5M, not including ~850K equity in our home and 529 accounts with more than enough to cover the rest of college for our three kids.

The hard thing is wrapping my head around 1) not saving anymore; and 2) not working. I am going to try it out, but my husband decided to take another job. We'll see how the next year plays out and probably re-evaluate.

You might be able to save if you look at it differently. If your net worth is $2.5m and you take out 4% a year your net worth could continue to grow assuming markets grow 6-7%. Yes, that's just an assumption! That 2-3% difference can be viewed as savings. I'm sure people would argue that its not technically savings but my net worth is growing a lot every year and that keeps me sane. I'm not spending what my portfolio is earning so that's a type of savings.