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Husband disabled age 40, no short term memory. House husband built a work bench for the garage when we moved. Bench Solid ! Always tinkering, traits of a building engineer ?
Age 65, 3 weeks after diagnosis esophageal cancer, stage 4. 6 months transitioned to his Eternal home. Posted with other widows, mid-60's, Grief and Mourning Thread.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
34,722 posts, read 58,054,000 times
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Quote:
Originally Posted by springfieldva
...
Did you retire with life long federal health coverage?
I had ZERO HC from age 49. Had to figure it out (like most of life)
Quote:
Originally Posted by sera
Wise to Post.
... ! Life happens when making other plans !
Carpe Diem !I. Enjoy your journey !
Yup... My dad came under (my) care at age 47 > age 81
Also had other family and friends go into FT care (or better yet... die) long before retirement age.
Does you job offer a HSA [Health Savings Account]. If so, strongly encourage you to get into it. HDHP's are not really that bad for someone making your apparent income. High Deductible Health Plan].
Maintain your own health. Exercise and lose weight. You will be able to stay active for longer that way.
If your FRA is $3797/mo, then spouse should be able to pull half that at 67, so you’d have $68,346.
Exactly correct!
I view the new full retirement age as 70 years old simply because we are all living a lot longer than people did was Social Security was fire implemented.
In 1940 the average life expectancy of males in the United States was 60.8 while ladies had a life expectancy of 65.2 years.
In 1998 it was 73.8 for males and 79.5 for the ladies.
I would suggest you keep working to 70 if at all possible.
I view the new full retirement age as 70 years old simply because we are all living a lot longer than people did was Social Security was fire implemented.
In 1940 the average life expectancy of males in the United States was 60.8 while ladies had a life expectancy of 65.2 years.
In 1998 it was 73.8 for males and 79.5 for the ladies.
I would suggest you keep working to 70 if at all possible.
Those are life expectancy at birth numbers, which can be skewed quite a bit from child mortality rates. Better to look at something like life expectancy at 65. In 1940, the life expectancy at 65 added to 65 (because life expectancy is average number of years) was 76.9 for men, 78.4 for women. Now it’s around 82.5 men and 85.1 for women.
I view the new full retirement age as 70 years old simply because we are all living a lot longer than people did was Social Security was fire implemented.
While this is probably true, for those of us who are presently in our early 50s, it isn't exactly mellifluous to hear. Having worked for 30+ years, to face working another 15+... doesn't inspire any sense of accomplishment or relief.
Quote:
Originally Posted by springfieldva
If you are feeling worn out and ready to retire at 53, it will NOT get better by quitting now with the plans of going back at 63 or 70. In fact, your job options for work would be limited and you would be lucky to find something after a long break from work. ...
This is also probably true, but there is an exception: notable professionals may find themselves in-demand more or less at any age. But presently they may feel burned-out, not from their profession itself, but from their particular employer. The easiest solution is to find another job, but sometimes a break feels merited. Thus it seems to me, that much of our hankering for early retirement, is really just a desire to (1) take a brief break, and (2) find a better job. Perhaps that applies to the OP?
Those are life expectancy at birth numbers, which can be skewed quite a bit from child mortality rates. Better to look at something like life expectancy at 65. In 1940, the life expectancy at 65 added to 65 (because life expectancy is average number of years) was 76.9 for men, 78.4 for women. Now it’s around 82.5 men and 85.1 for women.
exactly .
life expectancy from birth is irrelevant when discussing retirement issues .
for couples there is even a bigger increase as now each can outlive the other and the odds of one going on longer increases . it is like having two horses with one bet .
odds of a 65 year old couple seeing 85 years is a whopping 73% and the 50% point is almost 90
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
34,722 posts, read 58,054,000 times
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Quote:
Originally Posted by ohio_peasant
While this is probably true, for those of us who are presently in our early 50s, it isn't exactly mellifluous to hear. Having worked for 30+ years, to face working another 15+... doesn't inspire any sense of accomplishment or relief.
... presently they may feel burned-out, not from their profession itself, but from their particular employer. The easiest solution is to find another job, but sometimes a break feels merited. Thus it seems to me, that much of our hankering for early retirement, is really just a desire to (1) take a brief break, and (2) find a better job. Perhaps that applies to the OP?
These can work wonders;
Leave of absence
Using ALL of your acquired leave pay (for a Long Term break)
Taking on a different project
Attitude adjustment
and...
Severance / retrenchment.
One coworker did the severance thing 5x (I only did it (3x)
Early severances at our company were very good. Allowed workers to come back at higher pay, and PT, and as job share.
Mine included free college - poof, GONE!
Other co-workers got their adequate reset, reading and applying "Die Broke" (emotionally quit your job, just don't tell your boss). Sometimes STAYING and reaping the vacation, pension, pay... is better than starting over. Just Get Through It. Then get on with it, and finally get over it.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
34,722 posts, read 58,054,000 times
Reputation: 46185
Quote:
Originally Posted by mathjak107
exactly .
life expectancy from birth is irrelevant when discussing retirement issues .
for couples there is even a bigger increase as now each can outlive the other and the odds of one going on longer increases . it is like having two horses with one bet .
odds of a 65 year old couple seeing 85 years is a whopping 73% and the 50% point is almost 90
FIL and 2nd 'replacement' spouse are each at age 98, and cracks (and wrinkles) are showing.
As a construction laborer with difficult outdoor employment, I am pretty impressed he made it so far, and with enough hard earned savings to cover his and her needs.
Step 1 is figuring out our anticipated income. Got it. Sort of. Step 2: better planning on our anticipated expenses. We have a lot of work to do here. While we're comfortable with our anticipated retirement income, the reality is that we make and spend more than that today and will have to have fewer expenses to make it work. Step 3: Planning out what we actually want to do in retirement and making serious plans. We have a lot to do in this arena. Lots of big plans, but now we need to get serious about coming up with a plan to make them happen. Example: We both want to spend a significant amount of time in Europe, but likely would not move there. Maybe take an initial 3 months in Paris, 3 months in London, 3 months in the Netherlands, etc. (not consecutively....maybe 3 - 6 months of the year out of the gate upon retiring.
Maybe it is me, but I think you have steps 2 & 3 in reverse order.
We did things in full reverse order: your step 3 came first, then your step 2 was next... which in turn impacted your step 1. Your step 1 is a function of "crossing the finish line", but for us, we didn't know where the finish line was until we had completed your steps 3 & 2. I hope this makes sense.
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