Celebration

My wife and I was discussing our finances a few days ago. My severance from Sprint ended at the end of October. We both submitted applications for Social Security (Hey! We want our money back as long as it lasts!), I completed my retirement application with Sprint with the first pension payment to be on December 1st, and I consolidated by various 401K plans and submitted the paperwork to start a monthly distribution from those plans. My 401K plan manager suggested we withdraw 4-5% each year. That “should” keep the funds solvent. Most such plans grow between 6-10% per year. Mine so far this year, has grown at a 12% rate.

While we were estimating our new income level it occurred to me—the month of November, 2010, was the only month in our 42 years of married life that we didn’t have some income. I’ve been out of work before—after leaving the Air Force, after being laid off from my computer fixin’ job in the 1980s. But each time, Mrs. Crucis was employed or I had a few months of severance to carry us over.

What a blessing!

Like all the others laid off from Sprint last year, I signed up for Kansas unemployment. That ran out last summer. The Sprint severance ran out at the end of October and our Pension and 401K distribution payments wouldn’t start until December 1st, 2010.

It hadn’t occurred to us until the month was almost over. We’ve been ardent savers. Mrs. Crucis has been saving a portion of each paycheck for our emergency fund and other contingencies, I set aside a few dollars each payday to go into my credit union, and we had a nice balance in our checking accounts. All our major debts , our house excepted, was paid off (we’ve been following Dave Ramsey’s principles long before Dave Ramsey came upon the scene) and our only bills were the normal monthly utility/phone/water-sewage/insurance expenses.

We hadn’t noticed the lack of income.

That, readers, is cause for celebration.

4 thoughts on “Celebration

  1. Thank you. Victories like this one sorta creeps up on you. Our future income will be half what it was last year. Saving a few $$ here 'n there over the years mount up. Just wish I'd started earlier and saved more.

    It's a lesson youngsters have difficulty understanding until, often, it's late. Sometimes, too late.

    A friend of our retired (quit) some years ago. He hadn't been with the company log. His pension accumulation was small and he received it as a lump-sum. Instead of saving or investing it—he both a new pickup. He wrecked the pickup a year later and yep, he only had liability insurance.

    All you can do is just shake you head and move on.

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