So this month means I am now at 3.5 years from my "age 60" pension multiplier and goal. Woot!
Some disruption at work seems to have calmed down, so I am hoping that this means the new boss and I are "gelling" enough for me to stay firmly employed at my fabulous salary through 2025. ;)
The recent market hit has me feeling...content. I am glad that we have 5 years in TIPS and cash; no worries about having to work OMY or anything like that.
We're starting to think about home improvement projects. But we don't want to undertake them when contractors are so darned hard to obtain.
DH is a little underemployed. He turns 59.5 next Spring, and we're considering tapping into his accounts a little earlier than that.
Does anyone have any experience with accessing the accounts using SEPP? Or should we just bite the bullet and pay the 10% penalty on the amount, should he choose to withdraw funds?
So, I am now 3 years from the planned retirement date! (Actual plan is October 31, 2025 - but I am eligible in Sept. 2025, as that's when I turn 60). So we're now down to 36 months!
Things continue to roll along. DH pulled the trigger on the next set of SEP-IRA conversion dollars - another $20k to the Roth account this year. As of 9-1-22, he has about 50% of his stache in Roth, and 50% still in the SEP-IRA. In 2023, we'll convert another 50%, and 2024, whatever remains, so he'll have no more IRA.
My mom is starting to experience cognitive decline - so that makes 2/3 of our parents. Totally sucky. My sister and I are triaging credit cards being misplaced (about every 3 months or so) and the latest one is mom's phone. Ugh.
We still have ~ 6 years of cash & TIPS in the accounts, so we can still plan on the 2025 cohort. We're down to only $8k in cash, since we did buy some stock on the dip in May. I might re-deploy that cash, given the current sale prices.
Now that I have a full "high three" in my salary (from a pay bump in 2019), I re-ran retirement scenarios. The high three numbers mean I can actually retire at age 59 if I wanted, and still have the same silly income. But waiting until age 60 gives me an additional $1300 per MONTH in the pension, and that's more than I was planning for BIG TRIP expenses annually in retirement.
So yeah - it confirmed that age 60 is optimal. If I can last that long, more power to me. But I don't need to lose any sleep if I need to step back at age 59, due to parental needs or perhaps my own health issues.
Planning on our 25th wedding anniversary trip; trip paid for, hotels and rental car paid for as well. It should be lovely.
Work is decent. The new-ish boss still seems happy enough, so I'm going to stop fretting, and start taking some of my accrued VL, as I am back up at the max again. So I plan to have 3 days off this month, and need at least one off next month.
Pets are fine, house is fine, car is fine. We've got SO MUCH to be thankful for, it really is crazy.
