Posted: Thu Feb 16, 2012 9:35 am
I have been reading this forum for a few weeks now and have a question. I am 47 yrs old, will be eligible to enter the DROP program in August after 30 yrs at my job. If you are not familiar with DROP, I would continue to earn my salary and my retirement check would be put into an acct for a total of 5 years.
My husband can retire in 5 1/2 years which is the same time I would be done with DROP. My problem is I am beginning to dislike/bored with my job. I have done this same job since high school. I do not want to change jobs within, as I make a decent salary.
If I complete DROP and continue to put money into my Roth IRA and 401B we should have over $500,000 saved. In addition we both would have our pensions with fully paid medical that we could live off comfortably.
Right now we have around $240,000 saved. I have figured that I could pay all our bills with my retirement check and still save his regular check if I leave in August. I am debt free and just have my regular bills to pay.
I go back and forth trying to decide if I should stay or leave. I am afraid that I will be bored home alone for 5 years waiting for my husband to retire. I am a homebody and enjoy being home, taking care of my garden, chickens, doing housework, cooking etc. We would like to install new floors and windows in our house but I am putting it off until after I decide what to do. Maybe do this work at home would be an incentive to continue to work longer.
I think some of this is purely a mindset knowing that I could leave in 5 1/2 months. Any suggestions on what I could do to get out of this mindset? Am I obsessing too much about retirement? Suggestions or comments??
My husband can retire in 5 1/2 years which is the same time I would be done with DROP. My problem is I am beginning to dislike/bored with my job. I have done this same job since high school. I do not want to change jobs within, as I make a decent salary.
If I complete DROP and continue to put money into my Roth IRA and 401B we should have over $500,000 saved. In addition we both would have our pensions with fully paid medical that we could live off comfortably.
Right now we have around $240,000 saved. I have figured that I could pay all our bills with my retirement check and still save his regular check if I leave in August. I am debt free and just have my regular bills to pay.
I go back and forth trying to decide if I should stay or leave. I am afraid that I will be bored home alone for 5 years waiting for my husband to retire. I am a homebody and enjoy being home, taking care of my garden, chickens, doing housework, cooking etc. We would like to install new floors and windows in our house but I am putting it off until after I decide what to do. Maybe do this work at home would be an incentive to continue to work longer.
I think some of this is purely a mindset knowing that I could leave in 5 1/2 months. Any suggestions on what I could do to get out of this mindset? Am I obsessing too much about retirement? Suggestions or comments??