As I’ve been revisiting my earlier planning for retirement, I started to scold myself for not looking more carefully at finances. Then I remembered something I had anticipated but never noted: adding an overtime shift or two each month during my final five years of employment.
For years, management always seemed to have those openings, and the pay was good – time-and-a-half, often with a nighttime or weekend differential.
In the last five years, the kids would be on their own, for one thing. We would really build up our savings – by 25 to 50 percent, as I’m now calculating.
What happened instead was that the newspaper found itself increasingly financially strapped, to the point our pay was actually being cut. Officially, I was the copy desk chief, except that in the end there were no longer copy editors. They were all wearing other hats as positions consolidated. As for those overtime hours? We agreed to allow the hiring of part-timers.
So much for the big plan.
At least the stock market hadn’t crashed when my wife and I closed out our IRA to purchase the house in Maine.