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HAHAHA Normally you're DEAD at those ages. or your quality of life is so poor you might as well be
But I do agree that the logic on the OP sounds flawed. TO me if you plan to work another full time job then you are not really retired. Unless its some kind of self employment
OP, cash out at 55 and go enjoy the rest of your life
Not for everybody! I've got healthy longevity in my family. My dad is 85 and my mom is 81. They drove down to Florida after New Years and spent the rest of the winter there. For the last couple of years they've taken European river cruises. I'd say that's a pretty damn good quality of life.They, especially my mom, could go another 10 years. My dad has some issues walking distances, but my mom gets out there and takes 30 - 45 minute walks just about every day.
You obviously have been considering this for a while so you must have a plan in place. In my former career sector, automotive, retirement at 55 was very common and always successful for my co-worker mentors.
Then my employer reduced the pension plan twice and froze it permanently before my turn came around...............
So I 'retired' from tham at 56, found another similar full-time job at similar pay, and will retire at 63-1/2 per current plan.
You obviously have been considering this for a while so you must have a plan in place. In my former career sector, automotive, retirement at 55 was very common and always successful for my co-worker mentors.
Then my employer reduced the pension plan twice and froze it permanently before my turn came around...............
So I 'retired' from tham at 56, found another similar full-time job at similar pay, and will retire at 63-1/2 per current plan.
Thank you. My plan is to put more time into my part-time job now that I have the time. Like you, I have other options as well if that plan doesn't pan out. Most importantly, I now have the flexibility to have more control of my schedule which I did not in my former position.
So now that you decided to compromise on three more years from your original age 55 desire, do you think it was a smart move? Were the last 3 years agonizingly slow?
Good luck OP! Hope you enjoy the flexibility and things go smoothly!
Quote:
Originally Posted by Perryinva
So now that you decided to compromise on three more years from your original age 55 desire, do you think it was a smart move? Were the last 3 years agonizingly slow?
Looks like OP stuck to the original plan, 3 years to get to age 55.
Quote:
Originally Posted by Lincolnian
I know you're familiar with the education field. It's approximately 75% more for 60 vs 55. I've got 3 yrs until I'm 55 so toughing it out to 60 would be 8 more. Leaving at 55 and delaying collecting to 60 reduces that difference to about 20% more.
Good luck OP! Hope you enjoy the flexibility and things go smoothly!
Looks like OP stuck to the original plan, 3 years to get to age 55.
Oops! I missed that completely! Thanks for pointing that out.
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