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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