Lessons I have learned in Retirement & COVID
I retired on June 24th not sure how it would go, I quit a job in February 2019 and then was asked by a boss from a previous job to come work at his new company which I did in February 2020. In June of 2020 I was laid off and then brought back in February 2021. Yes a February and June seemed to be busy months for me 😊
When I quit my job in February 2019 it was from a very stressful and in my opinion a soul-destroying job, it took about 3 months just to laugh again but I was still a bit stressed because of no income coming in. Prior to quitting I paid off two big bills and stayed long enough to be fully vested in my 401K, get both 2018 & 2019 Holidays I did not use and qualify for my bonus. Also I was able to fund my IRA and HSA for 2019. I also closed out a Mutual fund so I had some money in my Savings. My biggest expense during this time was Cobra which ended when I was hired in February 2020.
Then in June of 2020 when I was laid-off I was OK because I got unemployment, so I was not sure how I would feel when I retired in June of this year and I worked enough to fund my IRA and HSA. Also since I was unemployment I was able to get health insurance through Covered CA for a good price.
Which brings us to this year, I really am not stressing this time and I think it is because I had some income for the first 6 months and I am now old enough that if I have to I can get into my IRAs without any penalties.
The lessons I have learned is to downsize when needed, I now cook more from scratch than before which is not only good for the pocketbook but also my health, my stress level is and has all through COVID been down because I learned I will be OK and I learned the lessons my dad taught me about investing - THANKS DAD!
What got me thinking about this post is I was driving to the Supermarket to pick up things for my Dad and to drop off a check for him at the bank - it is so nice to be able to due things for my dad and myself during the week and not have to schedule or do everything into just two days!
I am not sure if next year I might get a part-time job doing something fun, create a business or not work at all but I do know that my Dad, Retirement and even COVID have taught me how to roll with the punches, stop and smell the roses and enjoy life.
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