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Old 01-13-2016, 11:23 AM   #71
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I'm 69, always been self employed, (paralegal) no Company retirement. I pretty much make my own work hours and do as I please. Easy job, no manual labor, I'll work till I die if health allows. I see lawyers all the time working at 80, 85 years. Easy work, good pay.
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Old 01-13-2016, 11:44 AM   #72
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DW and I retired at the same time. My company had incentives to go. So, we went at 55 & 57, yes, she robbed the cradle. The company pension plan was good and with our 401K's it was a no brainer. The kids are on their own, house paid for, time for an RV while our knees still work ok. She collects SS, I'm still a bit off that mark. Amazing we live on 1/2 our former incomes and lack for nothing. We are blessed.
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Old 01-13-2016, 12:00 PM   #73
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What nice tribute to your wife. I hope it all works out for you. It sounds like you have made the best of your situation.
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Old 01-13-2016, 12:09 PM   #74
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forced

well I had to retire, couldn't do my job anymore after I fell off a latter in 2009, finally had to quit and retire in 2012, the way I am I would rather not be hurt and be working, after six and a half years still fighting with workers comp. to no avail, "LIFE IS TOUGH THEN YOU DIE"
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Old 01-13-2016, 12:26 PM   #75
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Great thread! DH and I are both AF retirees, so we will be comfortable, but we both still owe on our houses. (We met and married a few years after his first wife died unexpectedly.) He is 65 and would like to retire within the next 3 years. I am 60, just completed a certificate program for network administration at local college, so I plan to return to the workforce, let him retire, and then feather the nest a little until I'm 65 or so. We are also in the planning stages of an embroidery and silk screen business. We want to make enough money that it isn't a money draining hobby.

Of course, if I win the lotto tonight, we will both be permanently retired. (A girl can dream, I just need to make that 10 mile drive into town to buy a ticket!)
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Old 01-13-2016, 12:33 PM   #76
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No one can tell you when to retire, but I know what I had to do, or what was best for me. I think the best advice is all over this thread... I add immediacy to them.

Try to stay healthy, start to day.
Get debt free, start today.
Don't think retirement will bring happiness, start today.
The best memories are about things that money can't buy.
Happiness is contagious, make someone else happy, do it today.Its the little things.
If you have plenty, share it... be generous with your money and more importantly, your time.

I retired in stages. I left a company after 18 years and was vested. The money wasn't much, but it helped.

I was laid off from a company (22 years); profit sharing and severance got me started getting debt free and real saving. Started drawing retirement but didn't live off of it.

I got married to a good woman.

I retired from the Reserve (Florida Air Nat'l Guard - USAFR) started drawing that and continued to work.

I was laid off a second time, got a bonus (go figure) drew unemployment for as long as I could and started SS.

SS at age 60 is the same dollar (future value of money) as it is at age 70, as far as I know. The only draw back is the restriction on how much you can earn. If it works for you at 60 start drawing it, even if you don't need it. I don't see a reason to wait.

I have been able to get debt free, live on SS and with both military and civilian retirement benefits (each humble), have not had to touch the annuities. Being laid off made it possible to not touch them and let them continue to roll up, as strange as that sounds. Being laid off was scarry, but turned out to be a good thing.

I know, I am blessed. Sitting here in this warm house next to someone who loves me; healthy; with fridge(s) full of food; not a worry in the world; my life could end today and I would be okay with that.
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Old 01-13-2016, 03:11 PM   #77
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Always good to be reminded today is the first day of the rest of your life and it is not too late to make a difference.
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Old 01-15-2016, 09:04 AM   #78
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I just ran into this article on how men and women tend to retire differently. (Imagine that!)
https://www.bostonglobe.com/lifestyle/2015/12/28/how-men-and-women-retire/3d2OKYDMQnHPJKRDt9gLkM/story.html[/URL]
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Old 01-15-2016, 10:24 AM   #79
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I've only just started reading the posts on this thread. I need to go back to the beginning and start reading. I'm 35 and have 2 kids (12 and 3). I have a mortgage and a fair amount of debt (top priority is reigning that in and building an emergency fund). The good news is that I have a decent 401k and some money tucked away in IRAs. I happened to sit down with the manager/owner of a Merrill Lynch office last week and it really inspired me.

My mom passed at 57. I had an uncle who worked into his mid-70s, retired, and landed in the hospital within a week- complications arose and he died exactly 3 weeks after his retirement. He never got to enjoy his grandkids. I don't know why I share either of those- but I do know that I was to have my crap in order as quickly and early as possible.

I'll read up and see what kind of insight you all have provided. Thanks!
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Old 01-15-2016, 10:56 AM   #80
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Quote:
Originally Posted by ependydad View Post
I've only just started reading the posts on this thread. I need to go back to the beginning and start reading. I'm 35 and have 2 kids (12 and 3). I have a mortgage and a fair amount of debt (top priority is reigning that in and building an emergency fund). The good news is that I have a decent 401k and some money tucked away in IRAs. I happened to sit down with the manager/owner of a Merrill Lynch office last week and it really inspired me.

My mom passed at 57. I had an uncle who worked into his mid-70s, retired, and landed in the hospital within a week- complications arose and he died exactly 3 weeks after his retirement. He never got to enjoy his grandkids. I don't know why I share either of those- but I do know that I was to have my crap in order as quickly and early as possible.

I'll read up and see what kind of insight you all have provided. Thanks!
I understand why you shared that! My father died on the job at age 60. His dream was to retire at 62! I made up my mind to retire as soon as I could. I retired at age 55 ~~ nearly 13 years ago! You are on a great track!
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