When we first formulated a real early retirement plan, it was based on the rigid belief that we'd never, ever work again. Or at least never *have* to work again. And while that's still true -- we haven't expedited our plan by forcing ourselves to earn income in the future -- we now expect to get a much more diversified set of income streams in early retirement. In part because life happens and we've made some different choices along the way. And in part because that recession hasn't hit yet, health care is still up in the air, and it makes sense to keep hedging against sequence risk and health insurance uncertainty.
We're getting into the home stretch! With only about three months left to work -- forever! -- we're feeling good about all that we've checked off our to do list. But we also wonder, what are we forgetting? And that's where you come in. We'd love your help to tell us what else belongs on our final pre-retirement to do list. Come chime in!
We know -- the excitement of the *early* part of early retirement is powerful. So much so that it's easy to focus our retirement planning mostly on those early years. The later years are also so much harder to predict -- more variables, a longer time horizon, more unknown unknowns. But as we've seen in our own planning, it's easy to have an inadvertent early phase bias built in -- here's how to suss that out and ensure that you're planning for both your early retirement and traditional retirement.
Things have been moving quickly in the health care debate, which many of us on the verge of early retirement have been eyeing closely. Just this week, the latest Senate proposals to reform the Affordable Care Act and the later proposal to repeal it altogether were withdrawn. So where does that leave us all? What do we know? And more importantly, what do we still not know about health care and costs for early retirement? Let's take a close look.
The most recent debates on health care reform have brought out a sentiment that has reared its ugly head before: the idea that health is totally within our control, and therefore anyone who's not entirely healthy is somehow at fault. Why that's both false and bonkers, and why it matters.
Our early retirement might be right around the corner, but we still have a lot to do before the year is up to make sure that we're truly ready to make the big leap. Then after we pull the plug, we have a different set of things to do. Here are our big lists of things to do before we retire early, and right after, as well as things we've already checked off the list this year. Are we missing anything? Let us know!
We've talked a lot about health care lately, given the political climate, but not health itself. And health is super important to us. Why bother planning for a long retirement if we aren't going to stay healthy enough to enjoy it? Here's everything we're doing and thinking about to increase our chances of reaching a ripe old age in good health.