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when to retire - One foot in

Posted: Aug 10th, 2017 - 10:49 am In Reply to: Older MTs, who's taken SS early to get out of MT? - One foot out

It's important to be thinking about hubby's retirement options now so you can be prepared for all eventualities. Is his pension secure? Some companies have cut back on promised amounts or done away with benefits promised to retirees. What if you are suddenly alone? What happens to his pension? Did he make more or did you? What kind of IRA, 401(k), other investments do you have? These are all things to discuss with a financial planner. Some retirees are given a choice of taking more at retirement but nothing for a surviving spouse, and then the pensioner passes on leaving the spouse with much less than planned. You might not miss that extra $9800 a year times 20 or more years if you have lots of other assets. Why not work until hubby retires and reevaluate and possibly retire together or keep going? You could look into self-employment for part-time work to supplement SS if you do decide to get out now.

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Older MTs, who's taken SS early to get out of MT? - One foot out (Views: 1200, 2017-08-10, 9:26 am)
- when to retire - One foot in
  - I was forced out by Medquist at age 65. sm - Do it! (Views: 639, 2017-08-10, 11:08 am)
- Also consider the government is busy trying to - Downgade SS. Again. (Views: 662, 2017-08-10, 11:20 am)
- SS out - Silverbelle (Views: 709, 2017-08-10, 11:36 am)
  - I am doing the same thing ... sm - BW (Views: 706, 2017-08-10, 12:19 pm)
    - I'm 63 and took early retirement starting right before - this fiasco with Nuance (Views: 595, 2017-08-10, 2:11 pm)
- Count me in - nn (Views: 649, 2017-08-10, 2:45 pm)
- I Left MT at Age 58 - see msg (Views: 853, 2017-08-10, 3:28 pm)
- I retired at 62 - what I did (Views: 658, 2017-08-11, 5:20 am)
  - early retirement at age 62 - old crabby MT (Views: 593, 2017-08-11, 8:05 am)
  - Health Insurance - sm (Views: 581, 2017-08-11, 12:49 pm)
- Been in that boat - StillMTing (Views: 898, 2017-08-11, 10:33 am)
- ME! - sm (Views: 491, 2017-08-11, 12:46 pm)
  - Retiring - mt1347 (Views: 673, 2017-08-14, 10:52 am)