Good for you......enjoy that farm and your free time!!
Congrats!!! I'm hoping to retire at 55 as a govt employee. Hopefully, we've saved enough and the stock market gives us good fortune
Nothing to be scared about, either you can afford it or not.Congrats on that! I retire at the end of next month and frankly I'm scared. I've never not had a job since I was in my teens.
That is about as good as it gets. Awesome! And you get Social Security on top of that.I'll be eligible at 53 for my government pension. I'll make close to 80% of my income retired, and won't have to pay into the retirement system anymore, so it will be closer to 90%. And full healthcare until I croak!
That is about as good as it gets. Awesome! And you get Social Security on top of that.
I really want to retire within the next 5 years, but the crash in 2008 put a huge dent in my retirement portfolio. It is likely going to force us to make some major life style changes as we transition to a lower fixed income.
Gotta love a pension. My wife and I both get one as well as full healthcare just like you!I'll be eligible at 53 for my government pension. I'll make close to 80% of my income retired, and won't have to pay into the retirement system anymore, so it will be closer to 90%. And full healthcare until I croak!
They say as you get older you don’t spend as much money overall. Not sure if I believe that but will see.Nothing to be scared about, either you can afford it or not.
I kept records of monthly expenses, so when the buy-out presented itself, I crunched the #'s. I based my budget on the worst month's spending, & added $ 200.00
What you will find out after the fact, is how much $$ you don't spend when you stop working. Case in point, when I worked I drove 106 miles a day, gassed up every 3 days. Now I don't gas up sometimes for 2 months,.............all money not spent !!
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Your portfolio isn’t back up since the 08 crash? We’ve had a bull run for the longest until recent.That is about as good as it gets. Awesome! And you get Social Security on top of that.
I really want to retire within the next 5 years, but the crash in 2008 put a huge dent in my retirement portfolio. It is likely going to force us to make some major life style changes as we transition to a lower fixed income.
Gotta love a pension. My wife and I both get one as well as full healthcare just like you!
A lot of people say that they would never work for the government due to the pay. However, a lot of people don’t know which jobs to look for. My wife is a geologist and makes ~160k and I make ~120k, more than enough to get by. Both jobs we never work over 40 hours a week and the work/life balance is unbeatable.
My fear is not financial.Nothing to be scared about, either you can afford it or not.
I kept records of monthly expenses, so when the buy-out presented itself, I crunched the #'s. I based my budget on the worst month's spending, & added $ 200.00
What you will find out after the fact, is how much $$ you don't spend when you stop working. Case in point, when I worked I drove 106 miles a day, gassed up every 3 days. Now I don't gas up sometimes for 2 months,.............all money not spent !!
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