Quote:
Originally Posted by RickeyD
The very reason why I'll be retiring at 62  |
So many thoughts to share-
First as mom used to say-MAN PLANS AND GOD LAUGHS.
If, I recall if you choose to take social security at 62 compared to 65, it is about 30% less for life. Increases are also a percentage of what you are getting.
Medical insurance will cost you about 12,000 for two people until you reach 65.
We all need to decide, how much do I need to have saved to??????
All you need to know is exactly when you will die, exactly when your wife or? will die. Rate of inflation for the next 40 years or so. Rate of inflation for medical care. Investment returns for the next 40 years. Money you plan or do not plan on leaving for your heirs. WHAT OUR GOVERNMENT WILL DO-NOT THIS YEAR BUT OVER THE NEXT 40 YEARS.
OH AND ALL THE THINGS I'M SURE I DID NOT MENTION-THEN YOU CAN KNOW EXACTLY WHAT YOU CAN AND SHOULD DO.