Debinnov a
Recycles dryer sheets
- Joined
- Nov 2, 2013
- Messages
- 238
I absolutely love this site. I just retired after selling my small business a few months ago. I still have so much more to learn. I read the different posts and even when they don't really pertain to my situation, I still can learn from them.
The biggest issue for me is when looking at a financial situation, portfolios, etc., there is a huge difference between those that have pensions and retiree health care and those of us that don't. I do not have any retiree Medical and no pension so I will be taking money from my savings until I start taking social security at 70. I am now 57.
I need to have much more in savings for a longer retirement time frame and also to cover medical costs and premiums. I would much rather have a pension, but unfortunately that is not the case.
Even after taking social security at 70, I will still be drawing down my savings. Also, being ultra conservative financially, it means that I have to have that much more stashed away.
For 40 plus years, I concentrated on trying to save and put money away for this time in my life. Now I am learning how not to "fritter it all away" as my father used to say!
Sent from my Samsung Galaxy III
The biggest issue for me is when looking at a financial situation, portfolios, etc., there is a huge difference between those that have pensions and retiree health care and those of us that don't. I do not have any retiree Medical and no pension so I will be taking money from my savings until I start taking social security at 70. I am now 57.
I need to have much more in savings for a longer retirement time frame and also to cover medical costs and premiums. I would much rather have a pension, but unfortunately that is not the case.
Even after taking social security at 70, I will still be drawing down my savings. Also, being ultra conservative financially, it means that I have to have that much more stashed away.
For 40 plus years, I concentrated on trying to save and put money away for this time in my life. Now I am learning how not to "fritter it all away" as my father used to say!
Sent from my Samsung Galaxy III