Hello, I’m new to forum which has been very informative to me.
Since this forum has many intelligent people which real life experiences,
I have a quick question if my wife and I can retire early?
I have been laid of since March 2010 and the employment future does
not look promising. (My age and past salary seems to scare away prospects)
My age 58, wife age 55, we want to retire in 2 years. We will both get a pension $18,000yr and $19,800yr, pre-tax, both will get SS at 62 which looks like $30,000yr pre-tax and have $1,100,000 saved to draw 4% from. We will unfortunately have a mortgage to pay for and I am unsure what health cost would be for both of us (fairly good health). Since we will retire before we can pull SS, can we do it, I would like others to talk about their experiences.
Thanks
Since this forum has many intelligent people which real life experiences,
I have a quick question if my wife and I can retire early?
I have been laid of since March 2010 and the employment future does
not look promising. (My age and past salary seems to scare away prospects)
My age 58, wife age 55, we want to retire in 2 years. We will both get a pension $18,000yr and $19,800yr, pre-tax, both will get SS at 62 which looks like $30,000yr pre-tax and have $1,100,000 saved to draw 4% from. We will unfortunately have a mortgage to pay for and I am unsure what health cost would be for both of us (fairly good health). Since we will retire before we can pull SS, can we do it, I would like others to talk about their experiences.
Thanks