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Old 04-05-2015, 01:18 PM
 
30,087 posts, read 47,327,614 times
Reputation: 16027

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I retired from teaching about 11 yrs ago because of burn out and coming change in SS that would have prevented protecting my spousal SS from the WEP, and to start insurance through early retirement at 55 through my retirement system.
Looking back, we might have made mistake by taking out insurance coverage while my husband had health ins through his job. But his ins was free free when I retired so didn't cost anything. We were afraid if we didn't take coverage under my retirement, he might have trouble later if he lost his job because he had preexisting conditions and my policy requirements could have been adapted with different qualifications if we tried to get it later. After a couple of years, his company started making him pay for coverage and he had dental with his, so we paid to stay.

My husband really wanted to retire about 2008 -- was very frustrated with his job for several reasons, but asked him to stay because of the downturn in stock market. Didn't want to start drawing SS at 62 and pulling money from savings. He was nice--he stayed and he came to see that waiting was better option. He/we were able to make some choices that added to our lifestyle (like buying second home by our daughter who lives in FL), doing some tax-free gifting to our kids, and others. He retired 2 yrs ago this month and while he has enjoyed being retired wo any of that losing identity w/o a job, I think he agrees that waiting was better.

Just wondered if anyone actually in retirement for couple years or longer had regrets about how/when they made their choices??
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Old 04-12-2015, 12:15 PM
 
Location: Hayden
446 posts, read 553,277 times
Reputation: 1147
If I knew then what I know now I would have put a LOT more money in ROTH IRA's.
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Old 04-12-2015, 01:42 PM
 
Location: Grove City, Ohio
10,133 posts, read 12,383,606 times
Reputation: 13961
Quote:
Originally Posted by LS35a View Post
If I knew then what I know now I would have put a LOT more money in ROTH IRA's.
Just as I start to feel comfortable with my financial condition approaching retirement I read something like this.
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Old 04-12-2015, 03:14 PM
 
381 posts, read 352,481 times
Reputation: 1984
Yes to LS35a. The tax rate goes up way TOO much with mandatory distribution requirement. Roths are the way to go.
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Old 04-12-2015, 04:06 PM
 
Location: Central IL
15,229 posts, read 8,523,201 times
Reputation: 35647
Quote:
Originally Posted by LS35a View Post
If I knew then what I know now I would have put a LOT more money in ROTH IRA's.
How so? Based on your post-retirement "income" what percentage would you have put into Roth versus 401(k)?
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Old 04-12-2015, 04:08 PM
 
Location: in the miseries
3,302 posts, read 3,579,301 times
Reputation: 3810
Travel more
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Old 04-12-2015, 04:11 PM
 
950 posts, read 714,675 times
Reputation: 1615
I wouldn't change a thing !
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Old 04-12-2015, 05:04 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,563 posts, read 39,944,045 times
Reputation: 23699
Get everything around the house done BEFORE you retire (including downsizing).

My friends who did this were far more nimble / able to change situations / homes / travel more...

You may not want to be stuck at home doing this once you have 'checked-out'.
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Old 04-12-2015, 05:50 PM
 
48,516 posts, read 83,922,814 times
Reputation: 18050
I've been retire 15 yrs and now 67. To tell you the truth nothing; really except perhaps a few small things common in life. Perhaps the biggest is to have included fitness exercise before it became apparent to me what I had gradually loss over the years beyond aging.
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Old 04-12-2015, 06:19 PM
 
Location: Southwest Washington State
21,868 posts, read 14,371,350 times
Reputation: 30741
I wish we had been able to save more money! In terms of retirement itself, I think that we might have made a mistake in the sort of house we bought when we relocated. I like the house very well, as does DH. But I question how long we will be able to live here if one of us has a health setback, or more to the point if one of us dies and the other becomes too frail to keep the house up. We are not convenient to bus transportation either.

Right now we are fine. But in 10 years? Or even 5? I don't know. Other than that, I am pretty happy with our lives and most of the decisions we made. We bought our house before the demand shot up, along with the prices. We would never be able to move where we did if we were doing this now. So, in that way we have been lucky.
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