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2019 Recap

December 31st, 2019 at 03:54 pm

Here is the recap for 2019:

The first six months of 2019 were devoted to beefing up our emergency fund, prepaying monthly mortgage obligations and furnishing our FL house. All in anticipation of my decision to finally resign from a $80K teaching position. With my resignation, came a much better state of mind for me. Losing the income was quite the adjustment at first. In September, I ended up taking a part-time teacher's aide position. I loved this job very much. As expected, my salary is 1/4 of what I was making but the income helped us cover some last minute expenses.

Financially speaking, I'd say it has been a good year. Our emergency fund is now over six figures; we have no other debt other than the mortgages. The rental property income generated allows these homes to pay themselves and our FL home. My husband's retirement pension is meager, but will provide health insurance for the both of us. This year will conclude with a very minor foot procedure for me. I could've waited for 2020 to do this but our current health insurance has better coverage than our future health insurance.

In 2020, my husband will apply to get 75% of his social security benefits and depending on how things panned out, I will seek part-time employment as a substitute teacher (if we decide to continue winter birding). Our goals for 2020 is to continue adding to our savings even if it's small amounts. I also want to continue fully funding my Roth IRA; $7K from this year on.

Posted in Uncategorized | 2 Comments »

2 Responses to “2019 Recap”

  1. rob62521 Says:
    December 31st, 2019 at 09:17 pm 1577827026
    1577827026

    Glad things worked out for you even if things were a bit tight. Seeing all the horrible changes in education, I'm glad you could get out, even if it meant taking a huge pay cut. I know if I had worked two more years and had signed the 4 year letter two years before that, my pension would have far more substantial, but my mental health and physical health is worth something.

    Hope 2020 is a wonderful year for you and your DH!

  2. Wink Says:
    January 1st, 2020 at 02:51 am 1577847102
    1577847102

    Happy New Year! I'm in higher education and have decided to retire in June due to burn out. I just decided that my overall health and well being were more important then trying to hang on for the paycheck. Congratulations on having a sound financial plan, and for putting your health and happiness first!

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