As everyone knows, I decided to retire last year and took a severance package from Verizon. We managed to stretch that eight months of pay and medical insurance coverage to a full year without touching any of our savings or retirement accounts. That was the easy part. The hard part was figuring out we can keep me retired and make retirement an option for my wife who is three years younger than me. We met with our financial advisor today to get the skinny on our financial plan and got some really great news: we made it over the hump of being able to retire now, have an annual six figure retirement income, and still have our retirement savings grow even with modest market growth. At least thats the way it stands today. Supposedly we even have a 2008 style recession built into our plans but I'm a little dubious.
We both thought we were close to being there, but until today we weren't sure how it would work out for sure. You can't imagine how excited my wife and I are to get this news. Money has never been all that important to either of us, but security is for sure and this means a lot towards that goal. Something bad could happen tomorrow and change it all, but for now I'm ecstatic! I might even have a drink or two this afternoon! Woo hoo!
And no, I hope y'all don't think I'm bragging or anything. I know pride goeth before a fall. But it ain't wrong to stand back a little and admire your work! (except if you're a roofer, my grandpa taught me that one!)
BKB