From Great Post - To Congratulations

Posted: Jan 4th, 2023 - 8:32 am In Reply to: Taking the plunge - Congratulations to both of you

Sorry, I think I didn't convey something clearly. I am 67 and took SS retirement benefits at 62. Hubby and I both did that because the money was there and it was ours. You really don't ever make it up by waiting. Hubby chose to work part time within the amount of hours permitted before they take 50 cents for every dollar you make.

As to Medicare, we have an Advantage plan and that covers dental, vision, healthcare, and medications. Yes, some comes out of our monthly income, but it pays off. We took that at age 65.

We have been married for 47 years and have been saving all of our married lives, so we're all set. Well, long-term care could certainly cause a problem, but hopefully, we'll get through our older years before the savings wears out. We haven't had to dip into that fund yet. May have to when hubby retires completely, but he still likes to work. We also have the option of cutting back on our lifestyle which involves one 2-week vacay a year, and one or 2 long weekends.

I agree that people need to think ahead. If you would be subsisting on just SS and have no room for a hiccup, it's too soon to retire. I also recommend not retiring if you still have a mortgage that can't be backed up with cash. Even then, you would be dipping into retirement savings.

Post A Reply Reply By Email Options

Use Rich Text Editor with Full Options CLOSE

Edit/Delete Message

Report this message

X CLOSE

Complete Discussion Below: (

marks the location of current message within thread)

Took the plunge. After 32 years, I retired from - medical transcription. There (Views: 1211, 2023-01-02, 11:26 am)
- Great Post, Thanks - see msg (Views: 670, 2023-01-02, 5:13 pm)
  - Taking the plunge - Congratulations to both of you (Views: 611, 2023-01-03, 9:44 am)
    - Mistake - Congratulations to both of you (Views: 679, 2023-01-03, 10:13 am)
    - Early retirement at 62 may be the only way some people can survive - and have a guaranteed income. SM (Views: 630, 2023-01-03, 11:30 am)
      - Early Retirement - MT70 (Views: 529, 2023-01-03, 11:41 am)
      - "They" say that it all evens out in the end - sm (Views: 522, 2023-01-03, 11:43 am)
        and why make life difficult for yourself if you can get that money you need now? - if I need it now, i will take it. nm (Views: 457, 2023-01-03, 11:50 am)
        There are too many variables - Congratulations to both of you (Views: 442, 2023-01-03, 12:39 pm)
        True it does even out in the end - I believe. (Views: 429, 2023-01-08, 7:24 pm)
        You don't miss out on the early years - Congratulations to both of you (Views: 239, 2023-02-02, 11:44 am)
      - Early retirement - Karen (Views: 338, 2023-02-02, 9:17 am)
        I've been thinking about doing the same thing. - YBOAH, sm (Views: 337, 2023-02-02, 2:36 pm)
    - From Great Post - To Congratulations
  - To Great Post - Me too (Views: 536, 2023-01-03, 2:23 pm)
    - From Me too - Left out a very important word (Views: 527, 2023-01-03, 8:36 pm)
  - Yah, you should try suggesting Cancer Registry - Sm (Views: 424, 2023-01-05, 10:04 am)
- I agree with the other poster about this being a great - post. I can relate to every darn (Views: 510, 2023-01-03, 11:59 am)
- I'm about to do the same - SM (Views: 512, 2023-01-03, 12:07 pm)
- Agree - Heidiann1130 (Views: 418, 2023-01-06, 5:48 pm)
- You're my hero nm - Mt2 (Views: 347, 2023-01-08, 7:25 pm)