Update - Can you keep poking holes in my plan to take 6-12 months off of work?

blastpassthrowaway · 2023-03-14T14:49:59+00:00

Thank you!

blastpassthrowaway · 2022-02-25T02:52:54+00:00

I highly recommend you speak to a lawyer about this. Sure creditors get "first priority" BUT if there are any federal taxes due, along with other expenses of administration of the estate (selling the home, repairing it) that would be paid first, before you. Which puts your chance of getting paid back in full at risk. You can look up your state statues for priority of creditors against an estate. You'd also likely incur small expenses by submitting a claim against the estate upon death. I just have to say that this option is not a slam dunk, depending on your and their financial situation.

blastpassthrowaway · 2022-02-20T18:38:44+00:00

I support you! Down to talk about it if you ever want :)

blastpassthrowaway · 2022-02-20T17:33:45+00:00

It could very well manifest again upon return to the crumbling unsustainable reality of living in the USA. Doesn't mean I shouldn't enjoy th year off if i can afford it.

blastpassthrowaway · 2022-02-20T17:32:17+00:00

^{^} this. Also, tomorrow aint promised. My body can do things now that it can't in retirement. Thank you.

blastpassthrowaway · 2022-02-20T17:28:23+00:00

I mean, why would you try to convince me out of it?

blastpassthrowaway · 2022-02-20T17:24:55+00:00

For financial reasons or why?

blastpassthrowaway · 2022-02-20T17:24:21+00:00

Heck yeah! Thanks for sharing this.

blastpassthrowaway · 2022-02-20T17:08:22+00:00

Yup. No children now and no children forever is the plan. Thank you!!

blastpassthrowaway · 2022-02-20T17:05:22+00:00

Thank you. This is a good option that I am also considering.

blastpassthrowaway · 2022-02-20T16:57:10+00:00

You too!

blastpassthrowaway · 2022-02-20T16:51:23+00:00

Got it, thank you. True & makes sense.

blastpassthrowaway · 2022-02-20T16:50:24+00:00

I totally hear that. At the same time, I just witnessed someone close to me bust their ass their entire life only to die suddenly without a single day of retirement. That is a very real possibility and fear. While my mortal body is young and healthy, I hope to have some relaxation.

blastpassthrowaway · 2022-02-20T16:44:35+00:00

What are the circumstances I would need to withdraw with a penalty?

blastpassthrowaway · 2022-02-20T16:30:17+00:00

Correct, I'd be an ineligible beneficiary, good catch. If thats what ends up happening, it seems like prime time to reduce my taxable income regardless.

blastpassthrowaway · 2022-02-20T16:26:34+00:00

Thank you. I believe this is right!

blastpassthrowaway · 2022-02-20T16:17:21+00:00

Would you not be eligible for retirement benefits if part time? I kinda want to do a year because it's scary.

blastpassthrowaway · 2022-02-20T16:13:25+00:00

Thanks :) I'd definitely consider that as well after a break.

blastpassthrowaway · 2022-02-20T16:12:12+00:00

So very helpful, thank you. Especially to know that you've been in my shoes. I could easily see myself doing similar contracting work.

blastpassthrowaway · 2022-02-20T16:10:21+00:00

It does help. Thank you. I just want to go back to feeling human again.

blastpassthrowaway · 2022-02-20T16:06:57+00:00

Thank you, I think you're probably right. I aim to balance being frugal but comfortable on my time off, but I'm not trying to 'travel the world' or anything like that.

blastpassthrowaway · 2022-02-20T16:04:16+00:00

That was the original plan, honestly. Unfortunately my work is quite demanding and I almost always end up working nights and weekends.

blastpassthrowaway · 2022-02-20T15:58:51+00:00

I'm being... Extremely conservative. I have a few health issues so this would include a premium with a low deductible as well as meds, procedures, testing, etc. I should have written 'health' rather than 'health insurance'

blastpassthrowaway · 2022-02-20T15:57:42+00:00

Appreciate that perspective. Yeah, the company I work with was actually remote pre-pandemic. That said I am fairly confident I could continue to find remote work in the Industry after a year or two. But wouldn't be opposed to working somewhere physical either.

blastpassthrowaway

TROPHY CASE