Author Topic: Making the Leap  (Read 1797 times)

Free_at_50

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Making the Leap
« on: July 10, 2013, 07:10:28 PM »
Hello all.  My wife and I are in a position where I believe I can retire at any time.  (she already is!)  We have a large stache, no debt and are pretty cost conscious.  The problem I have had is that my job pays extremely well, has great benefits, and while I mostly enjoy it, I feel like I need to move onto the next chapter of my life. It has just been one of those situations where I have found it hard to walk away.   My current plan is to "retire" this coming April after I turn 50.  I am curious if anyone who has been in a similar situation would be willing to share their thought process that led them to finally taking the leap and what if any regrets they may have regarding things they should or would have done before they moved onto the next chapter of their lives?  Any feedback is appreciated!  Thanks

Joet

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Re: Making the Leap
« Reply #1 on: July 10, 2013, 07:17:12 PM »
no one here has ever had a problem with the "...just one more year" dilemma. No one. Ever :)

j/k
not me personally, common topic though. Common suggestions are to figure out a way to ease into it... eg part time/contract/who knows. Doesnt sound feasible in your scenario though but I'm not sure!

Free_at_50

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Re: Making the Leap
« Reply #2 on: July 10, 2013, 07:41:41 PM »
Thanks.  Not really looking to ease out just looking for a hit list of things to make sure I take care of like "get any needed medical procedures done while you have platinum insurance coverage" type of advice from any Mustachian who has already freed themselves.

secondcor521

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Free_at_50

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Re: Making the Leap
« Reply #4 on: July 10, 2013, 08:54:16 PM »
Thanks.  So starting the list:

1.  Get any health related items addressed; knees, dental, prescription glasses, etc.
2.  Obtain health insurance
3.  Obtain a HELOC
4.  Obtain home owners and car insurance outside company sponsored.
5.  Join associations/forums like LinkedIn

Any other ideas appreciated.  Thanks.