Decision time, retire or don't retire that is the question. Decision time, retire or don't retire that is the question. - Page 5 - Talk of The Villages Florida

Decision time, retire or don't retire that is the question.

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  #61  
Old 04-26-2021, 06:31 AM
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Craig Vernon Craig Vernon is offline
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Originally Posted by dewilson58 View Post
"safer to be conservative"???????? OMG Get educated.
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  #62  
Old 04-26-2021, 06:37 AM
SacDQ SacDQ is offline
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If you have a significant other Take into consideration their medical insurance cost. I’m four years older than my wife. I was able to cover her on a cobra plan for 6 months. Then into the open market until she turned 65 @ over $800. Per month. This was planned in advanced so no big deal but something to add to the decision making process.
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Old 04-26-2021, 06:47 AM
askcarl askcarl is offline
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Default When?

You'll never know when you have enough.

You'll know when you've had enough.
  #64  
Old 04-26-2021, 06:52 AM
Girlcopper Girlcopper is offline
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Ready for our month of May visit and there is much on the agenda. Financial guy says we have enough to live at same level until 94 years of age. I turn 55 in September. Not sure I am ready to stop working but a change certainly wouldn't hurt my feelings. Bring on your wisdom and relatable points of view.
Thats your personal decision n difficult to offer advice on. If youre hesitating then obviously youre not ready to retire so wait
  #65  
Old 04-26-2021, 06:52 AM
J1ceasar J1ceasar is offline
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My first thought is is that does your financial advisor realize you're moving to Florida and there are no personal income taxes down here as well as the fact that your home is going to be half the cost of what you have now with no mortgage? Other than money it's always better to retire early if you have always wanted to travel or learn new things and create new hobbies. Now is the time you can still walk without arthritis and handle those small items for your hobbies. Do you want to learn to cook or build a boat or learn the Samoan art of dancing,? And in Central Florida whether it's the villages or another senior community you'll have the opportunity to join one of hundreds of real clubs with people with your interests. Just remember not to stress out when you sell your house buy a house or decide to move
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Old 04-26-2021, 06:53 AM
J1ceasar J1ceasar is offline
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Yes, I can watch TV for another 30 or 40 years. When you retire you can do exactly that, nothing if that's what you want
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Old 04-26-2021, 06:54 AM
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Ready for our month of May visit and there is much on the agenda. Financial guy says we have enough to live at same level until 94 years of age. I turn 55 in September. Not sure I am ready to stop working but a change certainly wouldn't hurt my feelings. Bring on your wisdom and relatable points of view.
As a wise man once said. “ your gonna be dead for a long time “
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Old 04-26-2021, 06:54 AM
RICH1 RICH1 is offline
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Get out.,. We are not going to
Live forever! Get Vaxed and travel before the arthritis sets in! See the world
  #69  
Old 04-26-2021, 06:56 AM
RICH1 RICH1 is offline
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If it don't work out, CULVERS is hiring
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Old 04-26-2021, 07:08 AM
LG999 LG999 is offline
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IMHO - 55 is pretty young to retire.
  #71  
Old 04-26-2021, 07:12 AM
joseppe joseppe is offline
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Quote:
Originally Posted by Craig Vernon View Post
Ready for our month of May visit and there is much on the agenda. Financial guy says we have enough to live at same level until 94 years of age. I turn 55 in September. Not sure I am ready to stop working but a change certainly wouldn't hurt my feelings. Bring on your wisdom and relatable points of view.
Retire when you're ready to retire, not when you have enough money. My Financial guy said I wouldn't make it to 70 and I'm now 82.
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Old 04-26-2021, 07:13 AM
jbrown132 jbrown132 is offline
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Originally Posted by Craig Vernon View Post
Ready for our month of May visit and there is much on the agenda. Financial guy says we have enough to live at same level until 94 years of age. I turn 55 in September. Not sure I am ready to stop working but a change certainly wouldn't hurt my feelings. Bring on your wisdom and relatable points of view.
I retired young to. I did a little consulting for the first two years from home. Each day it became a little harder to get motivated to do what I need to do looking out the window and seeing the beautiful weather. That’s when I knew it was time to hang it up. If you are a couch potato then work but if your active go out and enjoy the rest of your life. Every day is precious, relish them and if you question yourself at any time just remember dead is forever.
  #73  
Old 04-26-2021, 07:14 AM
jjp2532 jjp2532 is offline
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Originally Posted by Craig Vernon View Post
Ready for our month of May visit and there is much on the agenda. Financial guy says we have enough to live at same level until 94 years of age. I turn 55 in September. Not sure I am ready to stop working but a change certainly wouldn't hurt my feelings. Bring on your wisdom and relatable points of view.
Time is more important than money.
  #74  
Old 04-26-2021, 07:19 AM
bruce213 bruce213 is offline
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My wife and i are both Federal law enforcement and retired before 50 with pension, health benefits, and a decent amount in our IRAs. If you can afford it i recommend retiring. Figure out your retirement income and live om that amount for a year. If you get bored there are lots of part time work or volunteer jobs. Good luck
  #75  
Old 04-26-2021, 07:30 AM
Dlbonivich Dlbonivich is offline
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Quote:
Originally Posted by Craig Vernon View Post
Ready for our month of May visit and there is much on the agenda. Financial guy says we have enough to live at same level until 94 years of age. I turn 55 in September. Not sure I am ready to stop working but a change certainly wouldn't hurt my feelings. Bring on your wisdom and relatable points of view.
My husband retired at 53. I was 47. Our big expense is healthcare. Living in TV has saved us money. We bought a more modest house than we had( I no longer want to clean 6000 sq ft). We have no loans. Pay cash for everything. Dave Ramsey was right. We have our money invested moderately, for safety. I personally hope I fall asleep at 90 and not wake up.
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