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Freddie

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Member since: Thu Jul 19, 2012, 11:44 AM
Number of posts: 7,295

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Thoughts on retiring - update!

Today I am telling my boss of my intention to retire at the end of January. I am going to be the FT caregiver to my 3 grandchildren when my daughter goes back to work after her maternity leave. The baby girl will be 3 months then and the other kids are 4 (in preschool) and 8 (3rd grade).
I fully understand this is the definition of a first world problem. I have been payroll and benefits admin for a PA school district for 14 years. At 62 I qualify for ďfull retirementĒ in PA public schools. Plus here in PA, public employees qualify for full SS as both sides contribute.
My husband (age 60) has a good secure job; of course no job is really secure these days but heís been there 15+ years, itís a stable company that treats their people well. I will go on their insurance for the next 3 years. Itís a good Blue Cross PPO, comparable to the Aetna I have now but more expensive for the employee. Not a high-deductible plan (thank God).
The only debt we have is the mortgage. Paid off my car loan and the rest of the Parent Plus loans we took for our son. No credit card balances. We can afford to live on his pay and my pension. If I have to I could start my SS too but would rather wait on that if we can.
I like my job and Iím good at it, but I donít define myself by my career. I play in and Iím business manager (volunteer) for a community concert band. Iím very active at my church. None of those things will change.
But Iím terrified to do this. Iíve been putting off telling my boss for a while now. I told her I would give her lots of notice when I decided to retire. At my last review she basically begged me not to retire but she knows how old I am and that this day is coming sooner or later.
Am I an idiot for giving up a good job with great benefits, a short commute, that I can pretty much do in my sleep? Am I an idiot for trusting my husbandís employer to keep us afloat for the next few years?
But...I promised my daughter. And I love my grandkids more than anything in the world. Iím healthy. I donít want the baby going to daycare and getting sick all the time like my kids did. Kid #3 is their last so I can really retire in 5 or 6 years. I was never a SAHM with my kids. Hereís my chance to be a SAHG. Iíve been doing the ďbusiness worldĒ thing for almost 40 years. Iím looking forward to going to ďworkĒ in jeans and a T-shirt and no makeup.
Yes this is a first world problem. Tell me Iím doing the right thing.

***update****
I just told my boss. I did it. She was very nice and understanding. I have a lot to do before Iím gone. So relieved I got that over with.
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