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One thing that money can't buy enough of is GOOD HEALTH....and many around here talk about all they have but I've heard some of their stories on what they don't have, better health.
I'm in a new location (from CT to CA in August) because (besides adventure) it's a raise that will give me a better retirement. (I'm 58) Because I accepted relocation allowance I've agreed to be here 2 years. No problem as I need "high 3" at this grade to retire with it. Plus I can see me staying here until I'm 62. (3 1/2 yrs)
There may be an opportunity to advance. I couldn't do that until my 2yrs is up, then it would take time to get the job, then I'd have to be here another 3yrs to keep THAT grade. I'm not interested. I do love my job and I've considered working longer. Even taking a job back east to get relocated closer to where I want to be. But locality pay is good here. I believe I can be content with where I am financially.
One thing that money can't buy enough of is GOOD HEALTH....and many around here talk about all they have but I've heard some of their stories on what they don't have, better health.
I agree. Money can't reverse years of a non-healthy lifestyle.
OP, make sure your health and healthcare plans are squared away, then go ahead and enjoy retirement
I think people make do with what they have available in retirement. It is very rare to come across someone that regretted retiring at whatever age they chose.
Not really. It happens for folks who miss working or underestimated their costs.
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One Third of Retirees Reverse Retirement. According to a Federal Reserve Board study, a full 1/3 of those who retire eventually reverse retirement and return to work on either a full or part time basis. The exact percentages of people that are finding work after retirement depends on income levels
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People in the lowest income percentile usually return to work because their need for more income.
People in the highest income percentile might not need the income, but it seems that they want to take advantage of their skills and the opportunity to make money.
We were never into boats or fancy cars and bought less house than we could afford, but un-glamorous things such as dental implants hearing aids, eyeglasses, are nice to have once in awhile and not covered by Medicare (I've heard Advantage plans may cover some, but I have traditional Medicare).
I have a Part G MediGap plan, which provides me with coverage comparable to what I had when I was working ($154.70/month), plus Part D for prescriptions ($23.50/month). I also have a dental discount plan ($12.08/month, with hearing and eyeglass as an add-on if I chose it). Good medical and dental care was one of the non-negotiable items in my retirement budget - it was in my "needs" column rather than my "wants". It's more expensive than Advantage plans, but it's worth it to me. What I don't have in my budget is long-term care insurance.
We are planning to leave our kids a considerable inheritance,
WHY?...Start giving it away NOW. They could probably us the money NOW. You may live another 20 years. Every year at Christmas time I give my children their Christmas money. They have college expenses, mortgages etc. they could use the money NOW! I have been doing this for the past 14 years.
WHY?...Start giving it away NOW. They could probably us the money NOW. You may live another 20 years. Every year at Christmas time I give my children their Christmas money. They have college expenses, mortgages etc. they could use the money NOW! I have been doing this for the past 14 years.
After my dad passed, that is what my mom did. Wasn't much, but it really did help.
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