U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-04-2019, 03:39 PM
 
49 posts, read 8,565 times
Reputation: 46

Advertisements

Yes it is a maze. If your employer has 100+ employees, they are considered a large employer so you don't need to sign up for any letters of medicare. That is my understanding.
Reply With Quote Quick reply to this message

 
Old 08-04-2019, 04:00 PM
 
Location: SoCal
13,840 posts, read 6,596,086 times
Reputation: 10412
Are we talking about Medicare? You have to sign up.
Reply With Quote Quick reply to this message
 
Old 08-05-2019, 11:45 AM
 
Location: equator
3,680 posts, read 1,619,691 times
Reputation: 9183
Quote:
Originally Posted by NewbieHere View Post
Are we talking about Medicare? You have to sign up.
Really? I just got send the card without doing anything. I had to "unsign" to get off Part B.
Reply With Quote Quick reply to this message
 
Old 08-05-2019, 11:49 AM
 
Location: New Mexico
6,859 posts, read 3,793,444 times
Reputation: 12934
I wasn't scared but my wife was. I worked out the numbers on paper with graphs and everything to convince her that we were going to be OK. She was still reluctant but took the leap clutching my spreadsheet and graphs to her heart and we were fine. If my numbers were bad or it didn't pan out as I planned, I never would have heard the end of it. We both found part-time jobs and that made it easier for her. I figured I had convinced her with my superior reasoning. I found out later that she had squirrelled away an emergency fund of $11,000 (somehow) which probably was the deciding factor.
Reply With Quote Quick reply to this message
 
Old 08-05-2019, 11:55 AM
 
Location: equator
3,680 posts, read 1,619,691 times
Reputation: 9183
Quote:
Originally Posted by SaraR. View Post
Yes I am *terrified* to retire. Never our goal. No pensions. Being extraordinarily self sufficient while earning low wages our entire lives resulted in a minuscule savings. My very p/t wages with a little Social Security are adequate for now. Hubby will be on a small SS check in 1 yr and my Social Security will mostly go towards the cost of our healthcare at that time. Cashed out our retirement investments to purchase 25 acres of property with a ranchhouse & two fixer upper cabins. Our grown children & spouses live in those cabins slowly upgrading., Our grandson, his wife, grandkids are building their home here. Their rent is currently $1700 a month! They look forward to having no rent payments. Family will surely care for us to some degree during our "golden years". Bummer we have no health coverage for the next couple years yet we are very healthy consuming mainly what we grow or raise. My former employer of 11 yrs covers teeth, eyes, & any medicines needed for $30 a month plan contributions. House rich, cash poor is what I'd call it
If you are that low-income, Obama-care should be affordable for you. Before we left the States, for both of us was only $125.

Sounds like you have figured out a reasonable retirement that works with your income. Good for you. Do you think you can keep working the 25 acres as you age?

We retired on a LOT less than most here. Sure, it was scary in a way but after a talk with a financial advisor, we felt good about it. We aged out of our jobs anyway, so it wasn't really a choice.

We settled on a condo on the beach, but sometimes I do miss having acreage, gardens, horses, pets.
But not the work that entails...
Reply With Quote Quick reply to this message
 
Old 08-05-2019, 12:00 PM
 
Location: NE Mississippi
13,887 posts, read 8,725,143 times
Reputation: 20216
Quote:
Originally Posted by wendellgee View Post
In a bit over a year I will be 62 and can claim early SS if necessary. I have a small pension where I work, and savings. But it is scary, because I know once I make the leap there is no going back. I can't get the same kind of job with pay, I would not fund the pension and I would not have tax differed savings through the pension. Were you scared to retire?
I was afraid, but at the same time I was exhausted. No kidding. For months after I retired I fell asleep every time I sat down.


But we had "practiced" for it. We figured out how much we would make while retired and lived on that much for many months before the big day. I call it a seamless retirement.

Retired Dec, 2010
Reply With Quote Quick reply to this message
 
Old 08-05-2019, 10:43 PM
 
Location: SoCal
13,840 posts, read 6,596,086 times
Reputation: 10412
Quote:
Originally Posted by Sand&Salt View Post
Really? I just got send the card without doing anything. I had to "unsign" to get off Part B.
That’s one way to do it. Part A is free.
Reply With Quote Quick reply to this message
 
Old Today, 02:24 PM
 
7,903 posts, read 4,474,486 times
Reputation: 11772
I was actually scouring the archives for a (refreshing) retirement thread that wasn't all "ISN'T RETIREMENT AMAZING?" They are not surprising hard to come by... Your post was as close as I got... It seems that those of us who don't regard it as an unmitigated dream come true, something akin to winning the lottery or dying and going to heaven, but rather a life change with both good and bad aspects and not without risk, are few and far between. Now to check out "I Give Up. Going Back to Work!"
Reply With Quote Quick reply to this message
 
Old Today, 02:36 PM
 
Location: Willamette Valley, Oregon
4,163 posts, read 1,177,713 times
Reputation: 5923
I loved my job in natural resources when working with the fish I reared and doing projects to make the operation more efficient and encourage tourism, but at the end, I hated how political the job had become. I was probably more relieved then anything. I miss working with fish, but all I hear these days are horror stories about upper management getting way too involved. Retirement has been great!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top