784Caroline thank you for
this information. Retirement decisions are a bear and many comapnies made it more difficult by dumping their define benefits programs.
While there are constants in this equation age, health etc they still are moving targets. You can make a solid case that you are beter off retiring at 62 and taking your social security then waiting until full retirement benefits kick in. The same applies to an annuity.
In our situation my wife and i want to leave as much money to our kids as we can....they will need it given what we see happening now. My biggest concern is Uncle Sam and so I pray that the estate tax will be eliminated. We have estblished a revocable living trust and periodically review it but the government is always one step ahead of you so that they are in a position to put their hands in your pockets. that's a longer way of saying taxes are a huge issue in retirement planning.....good luck
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