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The pension nums include 50% spouse survival. DW and I are the same age. 529s will need at least twice the 35K to cover 4 years for each. And yes, finding out I could potentially move my well oiled plan up a full year was a very pleasant surprise. I will be giving up a full years' 401K...

Thanks for the responses. In terms of PBGC, yea I have thought of it but what is a guy to do? The major cargo carriers so far have been immune to the troubles of the pax carriers, but who's to say what will happen tomorrow? Our pensions so far are funded at or above government requirements and...

Greetings to all, I recently attended a retirement seminar sponsored by our pilot's union. Much to my surprise I discovered that I qualify for a full 25 year retirement this fall (2011) versus my planned exit for next fall (2012). This is due to my hire date and how a year of service is...

I keep seeing this erroneous advice pop up. The IRS allows penalty free withdrawals from 401K (not IRA), when you separate or retire as long as you are at least 55 years old in year of retirement. You don't have to wait for 59 1/2. Caveat: Check with your 401K people. Not all plans participate.

As a child of the 60's, I nominate "Sweet Surrender" by Bread

SS payments at 62 are not included in our ER plan, in fact, they are not included in our ER plan at all, at any age. I simply included that info to explain we would be 7 years short of being able to draw SS in asking whether SS and Medicare obligations were still required of my pension. The...

I fully understand the ordinary income aspect of the pension. What I wasn't certain about was whether SS kept getting their cut until one starting drawing benefits at 62 or 65 or 67, etc. :) Ken

Thanks to all responders The news looks good. I'll talk to HR. And thanks also for the link to the states' handling of pensions. I appears that Alabama exempts certain private defined benefit pensions. Maybe I'll get lucky on that end as well. Thanks again, Ken

Looking at ER in about two years at age 57. Will I have SS and Medicare withheld from my non-cola'd pension check? DW and I (same age) intend to take our SS at 62. Any experts out there?

Thanks to all responders. I may have been too hard on the DW. I think she may be cautious about the "half the money, twice the husband" syndrome. As for college for the girls, yes there may be some shortfalls, but yet there may be some scholarships too. I estimate in three years I can have each...

How do you place a monetary value on a pension? For example, is it too simplistic to say that a $100,000 per year non-cola pension is equal in value to $2.5 Million in personal accounts from which you draw 4% annually?

Dreamer, An interesting way to look at it, thanks. I often say when I come home from a week-log trip that I've bought myself a week of freedom. I guess what I need to start doing is quantifying exactly what a year's worth of freedom is worth. Oh by the way, Audentes Fortuna Juvat "Fortune favors...

Thanks dreamer, Expenses I estimate at about 75,000 (based on current on-going obligations and being generous with our personal allowances). These expenses dont include what we will yet need for the two daughters college. I've got about 15K each put away so far. After the house and RV are paid...

Hello to all from a brand-newbie. My name is Ken. I just discovered the site and am so excited to find so many kindred spirits. My wife doesn't seem to understand how passionate I am about ER, or is it RE (sorry, I'll get the protocol down soon). Wy wife says, "dont wish your life away." and...