Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 07-16-2008, 08:36 PM   #41
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Quote:
Originally Posted by Martha View Post
But the percentage divorced between the ages 51 and 61 is fairly low.

Disabilities interfering with the ability to work is a big problem. *
http://www.cbo.gov/showdoc.cfm?index=6018&sequence=0


CBO found that those men and women who had left the labor force even though they were not yet old enough to receive Social Security retired-worker benefits did so for a small number of reasons: The most frequent reason they offered for not working was that they were disabled--accounting for almost two-thirds of the men who were not in the labor force and two-fifths of the women. Most of the other men said that they were retired. Most of the other women said that they were retired, caring for others, or not interested in working.



People talk a lot about baby boomers working long past 65. After all, people are living longer. Well they are not necessarily healthier and living longer isn't that much longer.
Man oh man oh man. I have been trying to find this link for the past 6 months and couldn't for the life of me find it. Thanks for bringing this thread back up again!
__________________

__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-16-2008, 11:57 PM   #42
Thinks s/he gets paid by the post
Texarkandy's Avatar
 
Join Date: Feb 2008
Posts: 1,281
Quote:
Originally Posted by REWahoo View Post
According to the Center for Retirement Research at Boston College, there is a 69% chance of someone between the ages of 51 and 61 experiencing at least one of these events:

A major medical condition - 41.3%
A health-related work limitation - 33.7%
Severe disability - 6.9%
Enter a nursing home - 3.4%
Job layoff - 18.7%
Divorce - 2.3%
Widowed - 7.3%
Well, I guess if you are already FIRE by age 51(as I hope to be), then #2 & #5 are kind of N/A.
__________________

__________________
Retired 2009!
Texarkandy is offline   Reply With Quote
Old 07-17-2008, 12:04 AM   #43
Thinks s/he gets paid by the post
 
Join Date: Apr 2007
Posts: 1,304
Quote:
Originally Posted by mathjak107 View Post
does one of those new penile replacements count?
it sure didn't take long for this thread to hit the gutter
... I'm now officially lowering my expectations.
__________________
Life is GREAT!
megacorp-firee is offline   Reply With Quote
Old 07-17-2008, 06:04 PM   #44
Full time employment: Posting here.
 
Join Date: Jun 2008
Location: Hua Hin, Thailand
Posts: 523
Quote:
Originally Posted by haha View Post
To where? Alone or with SO?Ha
My plans are at http://www.early-retirement.org/foru...ths-36361.html . No SO in tow because that would interfere with my acquiring one along the way.
__________________
ItDontMeanAThing is offline   Reply With Quote
Old 07-17-2008, 06:46 PM   #45
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Location: North of Montana
Posts: 2,753
Quote:
Originally Posted by ItDontMeanAThing View Post
No SO in tow because that would interfere with my acquiring one along the way.
Better include that in your plan. They can be expensive.
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote
Old 07-20-2008, 01:26 PM   #46
Thinks s/he gets paid by the post
Helen's Avatar
 
Join Date: Oct 2004
Location: Portland
Posts: 1,343
I've been thinking about this a lot as I get closer to retirement. I'm 51 I can't take retirement until age 56 at the earliest. What is amazing is how much different my financial status should be within the next 5 years.

If I bailed now there is no way I could live off my investments. However, hanging in there five - six more years should make a huge difference.

It's amazing after working all these years, the critical years are the last five.
__________________
Helen is offline   Reply With Quote
Old 07-20-2008, 03:16 PM   #47
Recycles dryer sheets
 
Join Date: Apr 2004
Posts: 265
A major motivation for early retirement for me (as if work wasn't motivation enough, ha, ha) is that I want to get out while I have the health and the energy to enjoy. my retirement. There are just too many things that I want to do. I love to travel and can't see that as fun unless I have both health and mobility.
__________________
FIYes is offline   Reply With Quote
Old 07-20-2008, 03:34 PM   #48
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,846
Quote:
Originally Posted by Martha View Post
Man oh man oh man. I have been trying to find this link for the past 6 months and couldn't for the life of me find it. Thanks for bringing this thread back up again!
Fascinating information about early retirees between 50 and 61 years old, in 2001. It brought up the following information for these retirees:

median family income: men $29,600, women $34.500
median net worth including home equity: men $230,800, women $217,600
percentage with an IRA, 401K, or Keogh: men 47, women 33

The size of net worth seems shockingly low, but this was in 2001 so there has been some inflation.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 07-20-2008, 04:05 PM   #49
Full time employment: Posting here.
 
Join Date: Oct 2007
Location: New York
Posts: 898
Quote:
Originally Posted by mathjak107 View Post
does one of those new penile replacements count?

Only if they botch it.
__________________
Money's just something you need in case you don't die tomorrow.
Maurice is offline   Reply With Quote
Old 07-20-2008, 07:42 PM   #50
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,031
It's a little scarey that more people are widowed in that time period then divorced !
__________________
Moemg is offline   Reply With Quote
Old 07-21-2008, 12:35 AM   #51
Full time employment: Posting here.
Frugality_of_Apathy's Avatar
 
Join Date: Jul 2008
Posts: 622
Quote:
Originally Posted by Moemg View Post
It's a little scarey that more people are widowed in that time period then divorced !
Once you've been married that long it's easier to passive-aggressively double their portions of bacon and half the serving of orange juice at breakfast than to fillout divorce papers.
__________________

__________________
Frugality_of_Apathy is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Scott Burns burns Home Depot REWahoo Other topics 17 03-06-2007 10:09 PM
Scott Burns answers financial advisor's Vanguard questions Nords FIRE and Money 19 12-04-2005 12:11 AM
Scott Burns' own story sparkee Other topics 3 10-09-2005 03:01 PM
Scott Burn's Swan Song? Telly FIRE and Money 26 10-05-2005 01:58 PM
Scott Burns doesn't want us to retire! Telly FIRE and Money 27 11-06-2003 01:53 PM

 

 
All times are GMT -6. The time now is 01:43 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.