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Old 06-02-2014, 03:33 PM
 
2,626 posts, read 4,952,863 times
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I can take COBRA insurance coverage from my current employer for the 18 months until Medicare kicks in. It will be ~ 400/month.
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Old 06-02-2014, 03:36 PM
 
2,626 posts, read 4,952,863 times
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Quote:
Originally Posted by matisse12 View Post
Popcorn247, I would encourage you to retire to escape all the negatives at work and to escape the long tedious commute.

You will not regret it!
Yes, the commute. For the past several years I have started work ~ 5:30 am and leave at 2:00 pm. Still, it takes me about 45 minutes to drive to work and at least 60 minutes to drive home. My work days are long!
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Old 06-02-2014, 04:13 PM
 
Location: VT; previously MD & NJ
2,202 posts, read 1,346,551 times
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Quote:
Originally Posted by texdav View Post
If your bored at same time as your stressed then retirement isn't going to stop the stress part. No one can truthfully tell you if you should or are able to retire. To some it will mean more boredom and stress if not prepared for it.
Can we try to be a little more positive? There is a transition period between work and retirement where some people feel a bit up in the air, but if you have enough money to live on in retirement there's really nothing to be stressed about. The job stress and daily commuting stress goes away... doesn't continue into retirement.
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Old 06-02-2014, 04:21 PM
 
Location: VT; previously MD & NJ
2,202 posts, read 1,346,551 times
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Quote:
Originally Posted by popcorn247 View Post
I can take COBRA insurance coverage from my current employer for the 18 months until Medicare kicks in. It will be ~ 400/month.
Check healthcare.gov anyway. It might be less than COBRA.

I did COBRA for 18 months. Then still had 6 more months until I could get Medicare. Found a state-sponsored program that was less than the COBRA had been. This was before the ACA. It pays to check out what else might be available besides COBRA.
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Old 06-02-2014, 04:26 PM
 
Location: VT; previously MD & NJ
2,202 posts, read 1,346,551 times
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Quote:
Originally Posted by Escort Rider View Post
I hope everyone is listening to StealthRabbit! Running out of money in extreme old age is O.K. It's just not a problem! Who knew? Aren't we all glad for the wisdom we find here?

This great news bears repeating: Running out of money in extreme old age is not a problem!
If I reach 90 and my money and house are gone, my son will be getting ready to retire and my grandsons will be in their prime earning years. This is the part of the retirement plan when you move in with family
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Old 06-02-2014, 04:56 PM
 
71,589 posts, read 71,751,865 times
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yeah , your family will enjoy another financial burdeon i am sure.
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Old 06-02-2014, 06:39 PM
 
30,108 posts, read 47,344,680 times
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You are lucky with the cost of your COBRA--my sister left her job teaching at a Catholic girls school at the end of last year and went on COBRA cause she is also 62--her premium is over 500 a month--
and being in Texas the ACA plans are not as inexpensive as in other states--not as many offered either
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Old 06-02-2014, 09:58 PM
 
466 posts, read 290,665 times
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Quote:
Originally Posted by ansible90 View Post
If I reach 90 and my money and house are gone, my son will be getting ready to retire and my grandsons will be in their prime earning years. This is the part of the retirement plan when you move in with family
Yep! Burden? They all love me
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Old 06-02-2014, 10:10 PM
 
Location: NYC
2,910 posts, read 1,588,036 times
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I checked & my COBRA would cost me well over $700/mo but the ACA with subsidy comes in around half that price depending on what plan I choose.
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Old 06-02-2014, 10:23 PM
 
466 posts, read 290,665 times
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Quote:
Originally Posted by mathjak107 View Post
yeah , your family will enjoy another financial burdeon i am sure.
I'm sure you realize this is the norm in much of the world and was the norm in the US until maybe the last generation or so. I think this will become very common as we baby boomers age. Why not pool resources with those you love?

I plan on retiring at the same time my daughter and her husband are moving out of CA. We are all going to ditch the high COL and move to Vegas (actually it was my idea to ditch CA and move to Vegas first...they are following me, not the other way around). We'll get a house with either an in-law suite or 2 master bedrooms. I'll be gone traveling a lot anyway so it makes no sense for me to get a place that will be empty half the time. When I figure out where I want to settle for the next ten years or so (Mexico? Costa Rica?) I'll be able to do so with my half of the equity. They may follow me soon after!

So, if I end up moving back in when I'm really old, I don't think it would be an issue. Maybe it depends on how well you get along with your kids. I certainly wouldn't feel like a burden.
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