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Old 01-03-2015, 11:26 AM   #21
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Originally Posted by heeyy_joe View Post
Work until you have all your social security credits. Avoid the zero years.
It all depends. For us, it is meaningless, even if means-testing isn't strongly enhanced and we remain eligible for SS.

DW will retire with less than 35, but past the second bend point. Unless the rules change, working a few more years to fill it up would be meaningless. So too, although I won't have "zero" years, I'll have a few years under $1500, which I see as the functional equivalent of zero. Even though, unlike DW, many of my years weren't at the maximum, it would be silly to keep working to replace those part-time student jobs with maximum years.
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Old 01-03-2015, 12:09 PM   #22
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Originally Posted by ChiliPepr View Post
But, as of today, I think I will consider me officially financially independent.
Congrats!!!

That's way more than enough for us to pull the trigger & we're 43 & 48. You just need to reduce your expenses. I don't think we could spend 100K/yr if we tried.
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Old 01-03-2015, 10:19 PM   #23
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Originally Posted by 2017ish View Post
It all depends. For us, it is meaningless, even if means-testing isn't strongly enhanced and we remain eligible for SS.

DW will retire with less than 35, but past the second bend point. Unless the rules change, working a few more years to fill it up would be meaningless. So too, although I won't have "zero" years, I'll have a few years under $1500, which I see as the functional equivalent of zero. Even though, unlike DW, many of my years weren't at the maximum, it would be silly to keep working to replace those part-time student jobs with maximum years.
I bet Joe wanted to make a sarcastic note here considering the OP's update portfolio...or at least I interpreted that way.
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Old 02-12-2015, 01:44 PM   #24
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Nice numbers. Congratulations. Just curious as to why the home has not increased in value in the past few years.

Because I did not update the original value... I am one of those people who do not look at the equity in the house as part of my net worth for retirement calculations. I figure I have to live somewhere and look at the cost of the house on the debit side of the ledger. I guess if I had to put a price on what I could sell it for right now it would be between $735k and $750k.
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Old 02-12-2015, 02:00 PM   #25
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Originally Posted by heeyy_joe View Post
Work until you have all your social security credits. Avoid the zero years.

I believe that SS takes your highest 35 years... My first year was in 1979 (ok it was only $778 in '79 and $301 in '80) so I won't have any zero years, just a few small ones!
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Old 02-12-2015, 02:02 PM   #26
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Congrats!!!

That's way more than enough for us to pull the trigger & we're 43 & 48. You just need to reduce your expenses. I don't think we could spend 100K/yr if we tried.

I agree that we could reduce our expenses, I believe we could cut our $100k by a third if we sold our house and bought a slightly smaller one a bit further away from Boston. At least that is our current plan.
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