I'm 43 years old and have worked for city government full time for 23 years. We are part of Cal PERS and also have a deffered comp plan. I have not paid into social security since I started full time 23 years ago. With Cal PERS, we are eligible for retirement at age 50 @ 2% of current salary for every year of service (will be 29 years and 60%). At age 55, it jumps up to 2.7% of salary (will be 34 years and 92%).
I own two, home base businesses that could produce a lot better if I just had the time. It's the old saying work tends to get in the way of, Well, more work . My plan is to have someone else run the businesses after I retire and I will manage them. I have no desire to sit around after retirement there are simply to many fish to catch out there and I aim to do my part.
Should I retire at 50?. What would you do?.
I own two, home base businesses that could produce a lot better if I just had the time. It's the old saying work tends to get in the way of, Well, more work . My plan is to have someone else run the businesses after I retire and I will manage them. I have no desire to sit around after retirement there are simply to many fish to catch out there and I aim to do my part.
Should I retire at 50?. What would you do?.