I am planning on retiring at the end of 2019. Just 9 months to go. The smell of freedom is in the air
6
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Feel free to reply to any comment by clicking the "Reply" button.i hope your investments & pensions are in good order. there will be a lot of people sadly disappointed at how much their state,municipal pensions amount to in the very near future.
i retired at 42 with a fully indexed military pension. Fed govts can always keep printing money but states are limited to what they can borrow. once they get their credit ratings lowered they're screwed. there are disasters playing out right now in several states including ilinois which is a basket case & several others like CA, NJ aren't far behind.
callmedubious
Level 8
Mar 18, 2019
1
Yea retiring at 42 would scare me to death. I will be 63.... so I will have saved an additional 21 years...
I took my wife to the movies on Friday, our first time in over 10 years...when I went to pay for tickets, they said the "senior discount" was 55! I was shocked. My wife laughed and told me that I was a senior citizen (I'll be 57 in a couple months). I don't feel old.
GuitarDoctor
Level 7
Mar 18, 2019
1
I understand . You arent . You are just 57!
Congrats to you, that's super exciting!!
Marcie1974
Level 8
Mar 18, 2019
1
Thank you! I'm excited.
You speak of the smell of freedom, but it seems like your vision is 2020. Lol. Enjoy your retirement planning.
Tinocca
Level 7
Mar 18, 2019
1
It's long range smelling lol
Congrats!
I am still 4.5 years from full Social Security retirement and probably will have to keep working even then. But I'm fortunate to have a profession that I love (usually).
mordant
Level 8
Mar 18, 2019
1
Of full ss is 66..... I am not waiting that long. I think I will take it at 64
@Bigwavedave They say you should only do that if you have health issues, all things being equal, but it's an individual thing.
@mordant that statement about when you should take it is so generic . I will have 4 pensions and two social securities . Two of the pensions are indexed. I think I'm good .
@Bigwavedave Yep ... "all things being equal" which they aren't.
I have one tiny unindexed pension and the insufficient amounts in our 401Ks -- insufficient due to spending a lot of $$ on experimental / uninsured treatments in the ultimately quixotic attempt to keep my 2nd wife alive. Now I'm in a position to sock away substantial funds each year in savings and when SS kicks in I can put 100% of that away also. My father made it to 87 and while my wife keeps talking about not being sure she'll make it to 70 there's no particular reason she wouldn't and her family has a track record of general longevity as well. Put all that together and I'm not going to go to fixed income if I'm still having fun working.
I'm glad you have more elbow room to do what you want.
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