Anyone Retire @ 55 ???

Discussion in 'The Pub' started by 02Singlecut, Feb 24, 2019.

  1. 02Singlecut

    02Singlecut Supporting Member

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    So....I have a pension...actually 2. I have retirement healthcare provided by my company and I have a 401K.....what else am I missing?
     
  2. axeplayer

    axeplayer Member

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    I didn’t plan on retiring at 55 but most jobs in telecommunications dried up. Being single I figured I’d work somewhere else then dad died and I wound up taking care of mom for 14 years.
    Although being helped financially my life was always centered around her. I even stopped dating for 5 years as bringing anyone home wasn’t going too well.
    Today mom is in a nursing home and I’m engaged to an amazing woman who has helped me the last 8 years with mom.
    It worked out for me but the added responsibility wore on me. I have no regrets but there were some days that I felt overwhelmed.
     
  3. DYNA BILL

    DYNA BILL Member

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  4. sausagefingers

    sausagefingers Supporting Member

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    I love say that at work, to my actual boss. Then I say ‘oh yeah, I guess you are’.


    Anyway, I think at my current age of 47, retiring at 55 might not happen. Maybe I’ve got a decent amount of dough stashed, but the healthcare expense is too big to get around.

    Holy crap I’m 48 on Sunday. Tick tick tick—
     
  5. Dirty_Tones

    Dirty_Tones Member

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    We could have, but there seems to be a sharp difference of opinion in the household regarding what constitutes enough of a nest egg to do it.
     
  6. VCuomo

    VCuomo Member

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    "When you finish your coffee break I want that report I asked for!"

    :D
     
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  7. JB Winterblues

    JB Winterblues Supporting Member

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    You're a good man. I hope life brings you the rewards good people deserve.
     
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  8. axeplayer

    axeplayer Member

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    Thank you so much. I really appreciate your comments.
     
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  9. 100JH

    100JH Member

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    Ummm not "retiring" but rather "shifting"?
     
  10. MatchFive

    MatchFive Silver Supporting Member

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    I could retire right now and live in a box under the underpass..
     
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  11. frankencat

    frankencat Guitarded Supporting Member

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    Live and enjoy life today, tomorrow is not guaranteed.
     
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  12. mikeratan00

    mikeratan00 Member

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    One minute you’re here, next minute you could be..
     
  13. CheckSix

    CheckSix Gold Supporting Member

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    I'm past retirement age and still working because I enjoy my job so much. Is there something wrong with me?
     
  14. jimmyohio75

    jimmyohio75 Member

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    I just turned 50. I have 21 years at FedEx under my belt (sales). When I turn 59 I will hit 30 years at FedEx (assuming I don’t throw myself into oncoming traffic first). My house will be paid off when I turn 58. I should be able to retire at 60. Will need to pay for health care for my wife and I for a while but I would rather do that than keep making sales calls until I am 65. I want to lay on the beach and enjoy life for a few good years before I exit this life. The gamble is not knowing how long you will live. How long does your money need to last? 10 years? 20 years? 30 years? Will I outlast my money? Who knows. After raising two beautiful daughters and always doing the right thing I deserve to enjoy my golden years. And I plan to do just that!
     
  15. riker4208

    riker4208 Member

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    43. Still some work, but on my own terms
     
  16. mwe

    mwe Supporting Member

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    Damn, I thought I was special. I was 44.
     
  17. drewl

    drewl Member

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    I wish.
    I'll be fifty five next week.
     
  18. pjs ire

    pjs ire Member

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    Oh yeah! Retired at 18 years old after never having worked. I’m a trust fund baby who inherited 30 million! It probably won’t last until I’m 35, so I’m going to university to train for a PhD in philosophy. I’m hoping my job will carry me through until I reach 40. Then I plan on marrying a heiress to keep me occupied. Wish me luck!
     
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  19. Figaro

    Figaro Supporting Member

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    I WISH I could retire earlier but I have to wait until my full retirement age of 66 in 3 1/2 years. Social Security told me at my early retirement age of 62 if I wait until age 66 I would receive about $500 a month more, so I wait. Also, Medicare doesn’t happen until age 65 and health insurance would probably cost $500 a month or more.
     
  20. Bluedawg

    Bluedawg Member

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    My smartphone counter says in 1 month and 26 days I can pull the plug if I want to at 56.

    Will have a half decent pension and social security for steady income to cover half my income

    My financial advisor says we have enough tucked away to cover the other half … then the wife's pension and social security

    The question is am I mentally ready … and maybe I could also try to find another job and pull my pension too

    I'll be able to continue with my current health care coverage through my pension

    :dunno

    Will be interesting to see how I feel once I know I can walk away.

    :banana
     
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