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I'd planned to retire at 65 but got sick of toxic politics and retired at 61. DH was 15 years older so I knew we didn't have an infinite amount of time left together. We had a couple more very good years before he died.
Bridging from employer health insurance to Medicare over 4+ years was expensive but I was fortunate in that I never had any serious medical issues, so was never hit with the full $6K annual deductible.
Very glad to be out of the rat race and grateful to be solvent.
I had always planned on 55, but retired at 54 when my organization offered an early-out program. I chose to do so even though it entailed a $6k+ difference in my pension going forward.
As I've written before, I left my office at 1:00pm on my last day at work, walked out the front door, hailed a taxi to BWI, and flew directly to Las Vegas where my wife was waiting for me having moved into our new retirement home two weeks earlier.
I just turned 65 earlier this year so I've been retired now for 11 years. I think back to all the things that my wife and I have seen and done in our travels over the past 11 years and I seriously cannot fathom having had to delay retirement into our mid to late 60s. As it is, I feel like we are already running short of time to do all the things we want to do, and see all the places we want to visit.
I've recently lost both my parents, so there's nothing holding us in the U.S. any longer. We sold our condo last month and next up will be our house. The next chapter of our lives will entail if not living overseas full-time, at least spending the majority of our time traveling.
Was living in Vegas everything you thought it would be? Mostly good or bad? I ask because you are on the same path as I. I intend to retire to Vegas, as I am 61. I want to retire early but caring for an elderly Mother and with a good paying job with good health benefits, it would not be wise to retire now.
I want to retire early but caring for an elderly Mother and with a good paying job with good health benefits, it would not be wise to retire now.
Surely your mother isn't on your health insurance... And wouldn't retiring now give you MORE time and freedom to care for your mother (are you able to take enough time off work)? Just curious...
I'd have given my right arm to be able to retire when I was a direct full-time caregiver for several years; in fact, I took an unpaid leave of absence and was VERY fortunate to be allowed to do that.
Surely your mother isn't on your health insurance... And wouldn't retiring now give you MORE time and freedom to care for your mother (are you able to take enough time off work)? Just curious...
I'd have given my right arm to be able to retire when I was a direct full-time caregiver for several years; in fact, I took an unpaid leave of absence and was VERY fortunate to be allowed to do that.
No, my Mother is not on my health insurance. She is on Medicare including a supplemental. She is in a skilled nursing facility rehabbing a broken hip with signs of vascular dementia after in home care by family members including myself. She will be placed in a memory care facility or assisted living whatever is appropriate following a medical evaluation. I hope your curiosity has been quenched.
No, my Mother is not on my health insurance. She is on Medicare including a supplemental. She is in a skilled nursing facility rehabbing a broken hip with signs of vascular dementia after in home care by family members including myself. She will be placed in a memory care facility or assisted living whatever is appropriate following a medical evaluation. I hope your curiosity has been quenched.
Not sure wanted is the right word, but I planned to retire around 58-60. I ended up retiring at 50 (although just shy of 51). The plan was based on becoming an empty nester and being close to the 59.5 age, it wasn’t really about hitting a number (I was quite sure I’d have plenty). Retiring years early was a combination of getting cancer in my late 40s and also discovering the FIRE movement and really digging into my numbers and realizing I could make it work
Wanted to retire at 62 and 11 months. Once I hit 63, it would have cost a little more to have my pension go to my wife.
I was retired at 62 and 5 months due to Covid’s impact on our operation. No regrets- the business paid me much more than if I worked until my planned date. Lol
Long range plan was to retire at 65. Actually retired at age 65 and 7 months. I enjoyed my work, so there was no pressure to get out at a specific time/date.
Was living in Vegas everything you thought it would be? Mostly good or bad? I ask because you are on the same path as I. I intend to retire to Vegas, as I am 61.
Yes, it was. But then again, I've always loved Vegas. My wife and I honeymooned there in 1978 and would take trips back every year or two from then on. I'm a poker player and loved spending 2-3 hours every day or so at a poker table conversing and kibbitzing with the regulars and the tourists. And then at night we had our pick of shows and other entertainment. The only thing I missed was not having local professional sports games to attend, but that has since changed now that both the NFL and NHL have established teams there. And I would wager that the NBA isn't far behind.
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Originally Posted by Kingbarkus
I want to retire early but caring for an elderly Mother and with a good paying job with good health benefits, it would not be wise to retire now.
Ironically, we left Vegas after three years and moved to Miami to help care for my elderly mother (and father) who were 86 and 81 at the time. They died earlier this year at 93 & 88.
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