[Topspinmo]

Originally Posted by tippyclubb

We live on 55k-60k a year and live in a patio villa, which is paid for . We have no debt and our vehicle is paid for too. Both of us pay for health insurance which cost $12k a year. We eat out twice a week, sometime 3. We travel, take cruises, and do beach trips 3 or 4 times a year. We live a good life and want for nothing, so yes I think you can do it too with your projected income for 1 person.

Like others have mentioned your days are not guaranteed. This was the main factor in our decision to retire early. I was 59 and husband was 62. Had we of worked longer we would have more money but it wasn't worth it. We are having to much fun being retired. I say go for it!

Good for you two! that way to do it

[Topspinmo]

Originally Posted by Two Bills

Buy a bond free house in an established lower tax area, get rid of the Ferrari, ignore the Jones's, and a good life can be more than had on $65k.

[Chuck1674]

Originally Posted by Packer Fan

DACA,
I think your post answers the spirit of the OP question. Let me restate what I think he is asking - if you had it to do all over again, would you have worked longer or not retired earlier and why? Did you find out that stuff was more expensive or less expensive than you expected when you retired to TV?

Ed

Perfect question....and I do have my quarters but my pension negates Social Security.

[Chuck1674]

Interesting. I don't qualify for SS. I have my quarters but my pension negartes it. The ex-Spouse thing is interesting and will be a nice pickup later.

[Chuck1674]

yes will have health insurance. Knock on wood, somewhat healthy.

[Average Guy]

Originally Posted by Chuck1674

Interesting. I don't qualify for SS. I have my quarters but my pension negartes it. The ex-Spouse thing is interesting and will be a nice pickup later.

The ex-spouse social security benefit will be subject to the Government Pension Offset (just as a "regular" social security benefit is), so it will be reduced by $2 for every $3 you receive in a federal retirement pension.