Realizing the Dream
People often view retirement as a destination. In fact, it is simply the first in a series of transitions that you’ll cross as you journey through the rest of your life. For early retirees Sandy and Fred Osborn, preparing for those milestones has been a key to avoiding some of the potholes that can throw a plan off course. Here is their story.
Sandy and Fred Osborn joke that they were each born with the “saving gene.” Frugality may be in their blood — both are children of farm workers — but their lives have been rich in all the ways that matter. They have a happy marriage, own a home and enjoy full lives in the San Francisco Bay Area. Along the way, their disciplined approach to saving enabled them to retire in their 50s.
“Early on, Fred and I decided to pay ourselves first and sock away as much as we could for the future,” said Sandy. “We started small, but our enthusiasm for saving increased as we watched our retirement accounts grow with time and compounding.”
Having access to a comprehensive 401(k) plan and working with Mutual of America’s San Francisco Regional Office, headed by Abbas Moloo, helped.
“When I worked at Consumer Credit Counseling Services of San Francisco, our plan was provided by Mutual of America,” Sandy said. “What I remember most was how Abbas and his team would regularly come out to meet with us. I was always a good saver, but what I learned in those meetings helped me to grow as an investor and to truly embrace the importance of having a long-term plan for retirement.”