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Originally Posted by Craig Vernon
I made a post on here earlier this year about my decision on whether to retire at 55. I listened and learned much from many who gave advice and thoughts on my situation. Short recap, I had to retire and take a pension by December 1 or I had to continue working until September 2024. Many Villagers told me they retired early and only regretted not retiring sooner. Others told me I better have millions and expressed the expenses of retirement. I played golf with a couple in May on Bonifay they told me he worked until 70 and she said plainly 55 was too young to retire. My friends and family told me if I can do it why not. My wife said the decision was mine. In November my contract was renewed which gave me stability until 2026. I decided to continue to work until 2024 and here are the reasons that swayed me most. Most who were telling me to go for it were not only still working but are older than I am. The cost of housing in TV raised my home expectation level from 350k to above 500k. Three years closer to death raises my numbers significantly, I wonder why. Thanks to all who gave input. My wife and I will see you around TV's for a month in May. Peace!
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I retired at 55 and never regretted my decision. I am always busy. I have a brother who retired at 59 and he was bored. He needed a place to go every morning and do some work. So, he started a painting business to keep busy and have a place to go everyday. Time to retire depends on your financial needs and are you ready to leave an occupation.