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Originally, I was going to retire this year but I just couldn't get it together enough to go through with it. I plan on relocating after retirement but I'm unsure where to go--plus my daughter is still living with me and still looking for a full time job in her field. Recent union contract negotiations (I work for the state) makes it beneficial to hold out until July 31, 2018 so that's my new target date. I'll be 67 by then. I could probably work forever but I can no longer deal with office politics and keep up with new technology. I guess I'm running out of steam so I know it's about time to check out....
I'll hopefully stay fully employed w/benefits until 65 (12 more years, phew!). After that, work part time and draw from savings until 70 if my health continues to be good, otherwise FRA. Social Security increases ~$600/month between 65 & 70, which will be a big deal for me. That's my current thinking anyhow!
Planned to walk at 62 but they came to me with a package at 61 with a year and a months pay. No brainer . I was a big saver and lived below my means. Tough to blow the dust off my wallet but I am trying.
I'm really hoping to call it a career at age 60. Although I have almost 30 years until this milestone, I hope to leave the grind behind me and still be physically fit to do everything I can with the time I'll have available. Like most things, it comes down to money, and I think I can make sure through proper planning to put myself in a great situation.
What is, or was, your planned retirement age and what happened to make it happen, or not happen?
My original plan was 65 but I set a financial goal to reach at which time I believe I can retire comfortably without impacting lifestyle to which wife has grown accustomed. Now at 60, I've actually beaten my financial goal and would have retired by now but my employer has asked me to finish a project that I'm leading so I'll retire when that's finished in 4 months.
59-60 was our original time frame when we were going to relocate . but we killed the relocating idea and retired at just shy of 62 . i liked what i did .
50 at the absolute latest for me, though I'm shooting for 45. I'm about to turn 40 next week. My wife is a youngin' (still only 30) and will keep working until she gets bored with what she's doing. She has her own business that she combined with her passion, though, so don't see her quitting anytime soon.
I don't have an age or date set for retirement. I'm self-employed, just turned 64. No pension, no retirement plan other than living off the assets we've accumulated over the last 25 years.
I've always assumed that when the day came that I no longer enjoyed the challenges, I would spend progressively less time working until I completely transitioned to work-free.
I just took a week-long solo vacation and spent about 4 hours of downtime working. That seemed like a pretty good balance for that one week but for now I'm still addicted to the money and all the choices that come with money.
I don't have an age or date set for retirement. I'm self-employed, just turned 64. No pension, no retirement plan other than living off the assets we've accumulated over the last 25 years.
If you applied for a SS account and assuming that you have paid into your SS account, then you should be eligible for SS.
That is the 'retirement plan' that many people are planning on using.
I am 61 and hubby is 62. We can't believe that we can talk about retiring in the near future. We don't feel that old. We both will work until we are at least 65. Need insurance. We both like our jobs and as long as we still like them will keep on working. If we get tired of them then we will consider hanging it up.
I'll retire at 67. Won't collect SS until 70. My wife will retire when I do, but she'll be 63. We'll see what SS rules are in place for spouses and such in 20 years.
Until then, we're trying to save as best we can.
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