Retirement: When do you plan to retire? (3 Viewers)

[whiteshadowen]

I retired at 62. Wish I would have saved more, but raised 4 kids so had to live in the moment too. I have a pension, social security, a little in stocks. House & cars all paid for. Glad I retired when I did. Loving life.

 

[sammymvpknight]

Kids will be through college when I’m 61. I suppose I could probably retire then, but haven’t done the math. If the last goes to grad school I’d push it back a few years. I contribute 8% on my 403-B and there’s a match of part of that. I’ve budgeted in 12% in a few years. My company has a pension, which plays into that decision making.

A big part is healthcare…and it’s one of the biggest factors that determine retirement. We’ll see what we have then. If we still have Medicare and the age keeps getting pushed back…it may be 70 in 20+ years. You’d have to privately and personally insure to make the difference. I’m a vet so I may use the VA to bridge, but who knows what the VA looks like then.

 

[saintmdterps]

I have been thinking a lot about this lately (I have a birthday approaching) and started thinking about it during my health battles (I am winning!). Those battles were costly to my bottom line and the economy is off-kilter on a number of fronts. I find myself thinking that I might not be able to retire until 75 if at all (sans any lottery winning).

When do you plan to retire?

I have a 19 year-old son in college, and a 9 year old daughter. My finances got wrecked when I was unemployed for a good stretch of 2018-2019. What is this retirement of which you speak??

I'm on the Miracle Retirement Plan. it'll be a ******* miracle if I ever retire. Of course, I'm open to miracles of all shapes, sizes, and colors.

 

[boutte]

Today. Had mini stroke Thursday.
Gonna be a rough few months because the IRS cleaned me out 10 yrs ago and I've only managed to put away a few bucjs.

I'm getting better everyday but my typing sucks anyway and this didn;t hellp. Some time thjis year I'm moving toMs where I can live with my family and not have rent. I sjouil beokay.

Sorry, tryign fix typos only majes it worse. At thispoint Ishould be back to my normal A hole self by nextweek.

 

[sfidc3]

Today. Had mini stroke Thursday.
Gonna be a rough few months because the IRS cleaned me out 10 yrs ago and I've only managed to put away a few bucjs.

I'm getting better everyday but my typing sucks anyway and this didn;t hellp. Some time thjis year I'm moving toMs where I can live with my family and not have rent. I sjouil beokay.

Sorry, tryign fix typos only majes it worse. At thispoint Ishould be back to my normal A hole self by nextweek.

So sorry to hear this, hope all goes well mate....

 

[Tapxe]

I bought years in my pension plan with deferred comp money for my Christmas present to myself. Didn't realize until I was playing with retirement scenarios in the system that I could have retired in Jan 2022. Not gonna happen, but it sure feels nice.

In all likelihood I'll stay until regular retirement as at that time I can defer retirement into an investment acct. I'd keep working for my regular salary and up to 3 years retirement pay in an investment acct lump sum collectable when I decide to hang it up. I just don't know if I can walk away from 2.5 years salary as long as I'm enjoying my work like I am.

So between now & 2027 depending...

 

[Sun Wukong]

My only chance of ever not working is if society collapses. So, if society collapses.

 

[Swamprat]

I'd like to think we can retire at some point and it's a dream we're working on and talk about often... then you get days like yesterday where life kicks you in the teeth and makes you question what's the real ambition here... Got one of those phone calls you never want, a very close relative of my wife... they were same age and grew up together since birth, literally 100ft away. For all practical purposes, he was a brother to her.

It's great to save and prepare for retirement, but don't forget to take the time to enjoy and appreciate what we have today....

 

[Tapxe]

 

[Hedon James]

I have grudgingly accepted the notion that I will likely have to work until noon on the day of my funeral. My only consolation is that, even if I'm behind schedule, they can't start without me.

 

[Bleu Raeder]

 

[Semper]

 

[JenningsTruckers]

I have been thinking a lot about this lately (I have a birthday approaching) and started thinking about it during my health battles (I am winning!). Those battles were costly to my bottom line and the economy is off-kilter on a number of fronts. I find myself thinking that I might not be able to retire until 75 if at all (sans any lottery winning).

When do you plan to retire?

This year , December 15th 2023 !! Can't wait , Feb. 4th was 43 years I'm working here , that's long enough . Why that day ? My Wife and I will both be 65 . For years I've put 15% of my pay in my 401K and it looks really good . Planning on a road trip to north California , Redwood Forest #1 on my bucket list . I got lucky when our company was bought out by a global company in 97' , shares went through the roof . https://avenueofthegiants.net/

 

[Det. Brees]

This is my countdown. I can actually leave in March of 2025, but I'll stay till that fall to get a 20k buyout

 

[Tapxe]

Why Americans Are Pleasantly Surprised in Retirement

Social Security is much more important to retired Americans than they thought it would be.

news.gallup.com