I think if you ever cared to do a search of this site, you will see many panicky posts from people who just found out how gifted their kids are. Then if you look at posts from those same people a year down the line, they are much less panicky.
I think that the psych gave you a lot of encouraging information, but I agree with everyone else that not teaching your child anything academic is silly.
Also, don't think too much about the future. The best advice from our psychologist, a specialist in HG+ kids, was to plan on being flexible, because there will probably need to be a lot of accommodations and changes in our DS7's education throughout the years. And so far, there has been. We sent DS to kindy at regular age, based on the recommendation from the psych to let him play another year. He was given accommodations for math and reading, and then skipped 1st grade. We were in our local school district for half of 2nd, where he gots tons of differentiation and pullouts, and we just moved him to a school for HG kids that works a year ahead (so basically a double-skip compared with continuing at our local school). He finally has a challenge. We are hopeful that this school will be a good fit for longer than a year (this is his 3rd school in 2 years), but we cannot predict.
Prepare for a lot of advocating, which gets slightly easier over time but is still always kind of a struggle.
And know that a lot depends on your child's personality. I recommend reading Miraca Gross's Exceptionally gifted kids (the new addition with follow-ups). Some kids did fine with not so radical accelerations.
I found the most support from this board. Hopefully you will too!
