Pre retirement stress
I am suppose to retire in seven weeks. I will be turning 62.
If I worked for at least another 4 years I would probable feel much better about it for financial reasons. It would give me a additional $1000 a month income between my pension and social security benefits. But I really need to retire now.
My job is pretty physical and is taking its toll on my health. My spouse will still continue to work for another two and a half years after I retire so we will still have decent income, but still less income.
We do have about $500,000 in 401k and IRA's but I am really scared to touch any of that. Investment returns on the income have not been that great and I would feel much better if the money was able to generate decent income but in these markets that almost seems like you are gambling in Las Vagas.
I will probably be just fine in the big picture but leaving a secure job good paying job sure makes me nervous.