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Old 03-27-2008, 10:19 AM
 
22 posts, read 83,308 times
Reputation: 18

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RETIREMENT

Did we make the right decisions?

Maybe we can help the next generation make better decisions.

These are my answers:

1. HAVE YOU BEEN RETIRED MORE THAN 1 YEAR? ......................... Y
2. DID YOU DRAW SOCIAL SECURITY BEFORE AGE 65? ................... N
3. WAS YOUR MORTGAGE PAID OFF? .......................................... Y
4. DID YOU MOVE OUT OF STATE? ............................................. Y
5. DO YOU THINK YOU SAVED ENOUGH FOR RETIREMENT? .............. Y

Am I happy with my retirement? Yes I would do the same thing again.
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Old 03-27-2008, 10:46 AM
 
Location: NJ
152 posts, read 574,073 times
Reputation: 109
Quote:
Originally Posted by jimboy View Post
RETIREMENT

Did we make the right decisions?

Maybe we can help the next generation make better decisions.

These are my answers:

1. HAVE YOU BEEN RETIRED MORE THAN 1 YEAR? ......................... Y
2. DID YOU DRAW SOCIAL SECURITY BEFORE AGE 65? ................... N
3. WAS YOUR MORTGAGE PAID OFF? .......................................... Y
4. DID YOU MOVE OUT OF STATE? ............................................. Y
5. DO YOU THINK YOU SAVED ENOUGH FOR RETIREMENT? .............. Y

Am I happy with my retirement? Yes I would do the same thing again.
I am still working but plan to retire within a year, so my reply to question 1 will be N. The others ones will probably be Yes. I believe that an advice for ours and next generations, besides being able to answer Y for questions 2 through 3, would be to answer Yes to a 6th question: ARE YOU GOING TO RETIRE DEBT FREE? That, I believe, is the key to successful retirement.
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Old 03-27-2008, 12:03 PM
 
22 posts, read 83,308 times
Reputation: 18
Quote:
Originally Posted by rferd View Post
I am still working but plan to retire within a year, so my reply to question 1 will be N. The others ones will probably be Yes. I believe that an advice for ours and next generations, besides being able to answer Y for questions 2 through 3, would be to answer Yes to a 6th question: ARE YOU GOING TO RETIRE DEBT FREE? That, I believe, is the key to successful retirement.

YOU ARE ABSOLUTELY RIGHT. THAT MAKES MORE SENSE THAN WHAT I HAD FOR #5.
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Old 03-28-2008, 08:10 AM
 
Location: Forests of Maine
30,687 posts, read 49,469,539 times
Reputation: 19134
Quote:
Originally Posted by jimboy View Post
RETIREMENT

Did we make the right decisions?
Looks good to me.

So long as it works then you did good.

These are my answers:

1. HAVE YOU BEEN RETIRED MORE THAN 1 YEAR? ......................... Y
. . . [7 years]
2. DID YOU DRAW SOCIAL SECURITY BEFORE AGE 65? ................... N
. . . [I am 47]
3. WAS YOUR MORTGAGE PAID OFF? .......................................... Y
4. DID YOU MOVE OUT OF STATE? ............................................. Y
. . . [I had to move back stateside, kind of pick a state like]
5. DO YOU THINK YOU SAVED ENOUGH FOR RETIREMENT? .............. Y
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