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3,849 Posts
Hubby and I are older than many of you here at FV, so our situation is going to be different. But yesterday we took some very important steps. And these are steps that you will probably take and consider somewhere down the road.
First, we are retired school teachers who continue to teach part time at the local college. It's been a good arrangement, giving us some extra $$$, and keeping our skills sharp, and just enjoying the college scene. But we decided yesterday that this current semester is the last one for us. We officially resigned. Still have 4 weeks to go, and then.......
Next, we decided to take Social Security early. So Hubby's starts next month, and mine starts after the first of the year. Didn't do that yesterday, but we have it all set up.
Finally, we made plans to start withdrawing from our savings with a steady income stream. Up to this point, the savings have been sacred. It was a little breathtaking to go from contributing to taking. So we arranged this yesterday, and the regular payouts will begin in December.
It's been a long time coming, folks. In the midst of career, raising a family, struggling with the budget, buying/building a home, paying the taxes and insurance........ I somehow didn't thnk this day would actually come. And now, here it is.
There's a safety, though. The college has already said that if we change our minds, we can come back and teach. But right now: we are taking a deep breath, holding hands, and jumping in!!!!
First, we are retired school teachers who continue to teach part time at the local college. It's been a good arrangement, giving us some extra $$$, and keeping our skills sharp, and just enjoying the college scene. But we decided yesterday that this current semester is the last one for us. We officially resigned. Still have 4 weeks to go, and then.......
Next, we decided to take Social Security early. So Hubby's starts next month, and mine starts after the first of the year. Didn't do that yesterday, but we have it all set up.
Finally, we made plans to start withdrawing from our savings with a steady income stream. Up to this point, the savings have been sacred. It was a little breathtaking to go from contributing to taking. So we arranged this yesterday, and the regular payouts will begin in December.
It's been a long time coming, folks. In the midst of career, raising a family, struggling with the budget, buying/building a home, paying the taxes and insurance........ I somehow didn't thnk this day would actually come. And now, here it is.
There's a safety, though. The college has already said that if we change our minds, we can come back and teach. But right now: we are taking a deep breath, holding hands, and jumping in!!!!
