Anyone not want to retire?
Most folks goal, seems to be, to retire as soon as possible. It has been my experience, that, for many folks retiring was the greatest thing they ever did. But for others it is the worst thing they ...
Forum Discussion
JAXFL wrote:dcmac214 wrote:
I see guys & gals retiring left & right all around me but I don't see myself retiring until I'm forced into it. I could retire today but my entire retirement check from employer's plan would be eaten up paying medical insurance (it's with great (and admirable) personal restraint I haven't posted a rant on our un-affordable care act). With what social security would pay me & DW there's not enough to do much of anything but keep up with the bills.
Retiring is going to be hard. Not because of liking what I do but because of the every day costs. At this point I don't worry about the cost of medical care, as being retired military and 66yo, that is pretty well taken care of. It is just the general living cost that scare me. You know, lights, water, gas, food, insurances, property taxes because your home is mortgage free. You don't need an expensive home to see your yearly personal and property taxes in the thousands of dollars a year, or your utilities in the hundreds a month, and life insurance for someone in their 60+'s is an easy $200 a month for that $20K to bury you when you die. If the wife stayed at home for a few years to raise the kids then her SocSec is going to be very little, and yours is not that great either. I really don't know how a lot of folks are managing. I will have Military retirement, Company retirement, IRA retirement and SocSec Retirement and it is still scary to think of all the things that can happen over the next 15-20 years.
Wow! I think you'd do just fine on retirement. You can easily cut down your cost of living. For utilities or taxes, consider a much smaller home - townhome, condo, park model in a 55+ community. As you get older you're not going to want or you won't be able to keep up a big house and yard. You can also cut back on entertainment and restaurants, etc. It is very possible. Many have no problems and with all of your retirement packages, must don't have that much. I think you'd be surprised if you studied your position. You also mentioned 20,000 to bury you? Not sure what you mean on that one.
