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Just a few more years until retirement from Northern Massachusetts
Old 04-28-2019, 07:04 PM   #1
Confused about dryer sheets
Join Date: Feb 2018
Location: North Central MA
Posts: 8
Just a few more years until retirement from Northern Massachusetts

Been a member slightly over a year and finally getting to my hello post. Been a great year reading everyone's experiences, book suggestions, and taking notes.

About to turn 60 and plan to retire at 64 (2023). DW is currently 64 and she will retire at FRA in two years and 2 months (2021). Both of us are in pretty good health. I bike and run along with light workouts at home. DW is not as active but recently got her a bike and hope she takes to it. She is celebrating 30 years of being cancer free after bouts of both cervical and lung cancer. We are both planning 90 years for longevity. DW's Mom still going strong at 83. I on the other hand have a poor family history other than my maternal grandmother who lived to just a few months shy of 100. Dad passed at 79 and Mom currently in assisted living with Alzheimer's.

We are still in a planning stage. DW will take her SS at FRA. I'm deciding what to do. Take at 64 or defer later for the survivor benefit. DW will be on Medicare next year so that's what I've been reading up on lately. For me I'll need to figure out HC before Medicare to cover 1 year.

I've gone back and tracked our last two years of expenses and have a pretty good handle on what our future expenses and budget will be. We will be mortgage free in 2022 and our current Fidelity RIP score is 115. I still plan to run FireCALC and i-orp. We plan to draw down 4% a year from our retirement accounts. Legacy would be left to one daughter we have between us and two grandchildren.

We have no current plans to retire south at this point but I may buy a snowblower to make New England winters a bit more enjoyable. I've always considered snow shoveling to be great winter exercise. We will do some cruising and domestic travel. Maybe a Mediterranean cruise or trip to Europe thrown in somewhere.

Other pursuits will be staying active with my running clubs. Biking. Volunteering on the soon to be built rail trail in our city. Finally learning to play guitar. Finding a local chorus or barbershop group. I'll come up with more I'm sure.

Next up is more research on HC. Developing a firmer income strategy once we are both retired. Looking forward to my daily visits here as we get close.

Thanks for all the help and wishing everyone the best.

- George

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Old 04-28-2019, 07:52 PM   #2
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Join Date: Jun 2014
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Sounds like you have a great plan. Welcome to the forum!

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Old 04-28-2019, 08:42 PM   #3
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Posts: 1,054
Welcome from a fellow "Masshole". As I'm sure you're already aware, no state tax on SS in Mass.
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Old 04-29-2019, 02:57 AM   #4
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Welcome. Keep us posted on thoughts, progress.
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Old 04-29-2019, 08:06 PM   #5
Confused about dryer sheets
Join Date: Feb 2018
Location: North Central MA
Posts: 8
Thank you for the welcomes!
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