The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Workinghard on November 17, 2014, 02:33:08 PM
-
As of January, I will be working PRN. I was a FT, Fri-Sun employee and I've been picking up extra this year to fund the 401k I became eligible for. My last day off was October 29 and I won't have another one until November 28, although a lot have been half days. Seeing 10-13 patients a day on the weekends became too much.
Having said that, I'm scared and almost in tears. They did not have any problems finding a replacement. Ha ha. I have been in that position for 2 1/2 years. I love my job but not the weekend push or being responsible for patients that a LPN is seeing. (Clarification: I have known a lot of LPNs that are way better than RNs, but this particular one has made numerous errors)
So… Do I deserve a face punch or will we be okay? My husband will be retiring in a year from April when he's eligible for medicare. We have 26 times our annual expenses. That includes our home which we're planning on selling next year and our expenses include 1000+ a month in donations. We have been putting 6K a month into savings between pretax and after-tax contributions. That will change with the loss of my 401(k). I know our savings will decrease due to losing the pre-tax advantage.
I'm trying to look on the bright side and think of less RMD's to pull later and possible Social Security tax consequences. Still it will be hard to let go and save less. As hard as this is, I can't imagine what I'm going to do when we have to start pulling from our savings!
-
Congratulations!
The hardest part is over! Once you start enjoying your extra time off, you'll know you made the right decision. Sounds like you are well prepared!
-
Congratulations!
The hardest part is over! Once you start enjoying your extra time off, you'll know you made the right decision. Sounds like you are well prepared!
I hope you are right as far as us being prepared. I don't feel prepared. I went back to work three years ago and this past year I've made more money than at any other time. And now I'm cutting back. Argh...
-
Congrats! If you're over 40, you won't get a lot of sympathy from this forum since this is a "live minimally, retire early" type of forum.
If you're under 40, and you're just now making the best money of your life, then maybe it would be wise to keep going for a while longer.
I'm personally not OK with 25x expenses, I'd have to have at least 30-35 to retire to account for market slumps. One can always alter spending habits though.
-
Congrats! If you're over 40, you won't get a lot of sympathy from this forum since this is a "live minimally, retire early" type of forum.
If you're under 40, and you're just now making the best money of your life, then maybe it would be wise to keep going for a while longer.
I'm personally not OK with 25x expenses, I'd have to have at least 30-35 to retire to account for market slumps. One can always alter spending habits though.
If I was under 40, I'd want more too! However, my dh is almost 64 and I'm almost 58. He's working for another 18 months and I'll still be working. I won't have FT status but certainly could work FT if I wanted or needed too.