Situation: DH and I are on target to be FI in 5 years. This is with a mortgage-free non-mustachian home (pre-MMM - will downsize after RE) and ~1.5M in investments plus future pensions for both of us.
DH will likely pull the lever and RE at that time.
Despite the numbers, I struggle with golden handcuff syndrome. I reach full retirement benefits with my employer in 11 years from now. I will be 55 y/o. There are many, many benefits in me staying the course until I reach that milestone.
Access to employer contributions to a Health Reimbursement Account, which will be ~ $50,000 value
Offset of future Medicare secondary ins costs for me and spouse
Padding the pension
Employer automatic contributions to 403b while employed
Continuing my Cadillac employer sponsored health plan for longer **(I have a very expensive chronic health condition which will require spending max OOP costs for the rest of my life - I am currently covered under a health plan with $10 copay for everything, basically. It is amazing, and the main reason I will delay RE)
With this chronic health condition and uncertainty of ACA future state, I am constantly revising projections of what might be feasible. I honestly would feel better with 2M, which timeline will be closer to my employer full retirement eligibility. At which point, if it means only 2-3 years to get there, I will do it. Work will be more enjoyable when I have FU$$ that = FI.
Who else has golden handcuffs factoring into their RE plans?
Am I overestimating the value of these benefits?
I am so glad to have found this site. Have been obsessively reading for past 8 months, and have converted DH to mustachianism.