Hi Everyone,
I'm 59 1/2, working in the public sector for 13 years, previous to that I have 28 years in social security.
My network is $211,000 and my projected retirement from public sector is 25,992. I do qualify for SS but it is reduced because of my generous public pension. Whatever!!! So at 62 I can get $750 a month from SS.
My pension system is changing health care eligibility and if I don't retire by Nov. 30th, 2014, I will have to stay till I have 20 years in order to get HC.
The system is also pushing all retires when eligible for Medicare at 65. The cost of my HC from my pension system is $396 a month and I get reimbursed $203 dollars. High deductible plan. My health is stable but I take some costly meds.
I have calculated that I will have to drastically reduce my living expenses in order to live on my pension and 401k monies.
Any thoughts from all you money crunchers on taking the ER plunge?
Thanks
I'm 59 1/2, working in the public sector for 13 years, previous to that I have 28 years in social security.
My network is $211,000 and my projected retirement from public sector is 25,992. I do qualify for SS but it is reduced because of my generous public pension. Whatever!!! So at 62 I can get $750 a month from SS.
My pension system is changing health care eligibility and if I don't retire by Nov. 30th, 2014, I will have to stay till I have 20 years in order to get HC.
The system is also pushing all retires when eligible for Medicare at 65. The cost of my HC from my pension system is $396 a month and I get reimbursed $203 dollars. High deductible plan. My health is stable but I take some costly meds.
I have calculated that I will have to drastically reduce my living expenses in order to live on my pension and 401k monies.
Any thoughts from all you money crunchers on taking the ER plunge?
Thanks