This is absolutely correct. We purchased our home in TV 4 years ago when I retired.
Rented it seasonally those 4 years so it completely covered the expenses including utilities and up keep.
I had to wait for my wife (8years younger) than me to retire from a major oil and gas corporation here in Houston Tx.
According to our plan 4 years ago we are to go this summer. Good news 4 years ago we sold our home downsized into a nice apartment that is 1/2 mile from her office.
We are only taking clothes and personals as the home was bought turn key and we’re on our way in June.
Could she stay and keep piling money up that we have no one to leave it to sure.
Like said here supposedly we have enough living our current life style (with plenty of places to cut) should we need to until 94.
My parents were both gone before 72 many in my family didn’t make 75 were on our way and no looking back.
Luckily I’m on Medicare and my wife can pick up here health insurance for 400.00 a month and $150.00 to get my Medicare supplement from them as well.
My advice if you can go as soon as possible and enjoy every day you have left to the fullest.
I look forward to waking up when I feel like it going to bed when I feel like it and doing whatever I want (or not) each day.
Quote:
Originally Posted by spd2918
Pull the pin. I just did at 51. My brother passed away at 59 last year, so there are no garuntees in life.
No one that I know from my workplace ever regretted retiring. All say they should have done it sooner. Some poor planners had to get part time jobs, a few worked out of boredom, but none wished they hadn't retired.
You will adjust to whatever income you have.
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