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  1. mikex

    Social Security in Trouble

    Guess you heard, SS will be in trouble years earlier than the last prediction. Now I think it's 2037 instead of 2041 before it busts, and 2016 before it pays out more than it takes in. I will probably be able to get something out of it (I'm 51 and plan on taking SS at 62), but for how long...
  2. mikex

    72t, 59 1/2, and confusion

    I'm thinking about doing this next year. For some reason the timing of the 72(t) withdrawls messes me up, especially when they talk about age 59 1/2. Where in the world did that come from? What's the reason for the 1/2, why isn't it just your simple age on your birthday? What I'm confused about...
  3. mikex

    Next Pres. Election and Health Ins.

    Say Candidate X wins the next Pres. election on a platform of universal health care. How does that effect the Health care industry as far as any kind of price reforms? I'm sure they will lobby for no changes to our current system (duh) but what will they say to defend the status quo? Do you...
  4. mikex

    Opinions on IRA Mix Please

    I have Zero debt now and plan on keeping it that way. I have $330k in IRA/401k accounts. I am 49 and plan on doing an SEPP plan in 4 or five years. I have used Fidelity's SEPP calculator and the results look good, in fact the funds will be bigger than when I started the SEPP when I turn 59.5...
  5. mikex

    Health Insurance renewals?

    I have another question for the experts here. Say I retire early and get an individual health plan. Then, after a period of time, I get a serious illness (cancer, or pick whatever you wish). My question regards any kind of renewals of health insurance plans. Are these plans sold like car...
  6. mikex

    Can you have two health insurance plans at once?

    Simple question, can you have two plans going at once from two different companies? Just curious about it, it may lead to another question.
  7. mikex

    FIRE Health Insurance Concerns

    Did anyone see this CBS segment on uninsurable people yesterday? The "Uninsurables", CBS News Investigates The Tactics Used By Insurance Companies To Deny Health Coverage - CBS News I think it goes all week. Basically, by one company, the guy was denied for such things as spider bites he's...
  8. mikex

    Take A Hit on IRA For a One Year Break?

    I'm single and 49 and worked the same Company for 22 years. I have a pension that I am going to use starting at 55. I also have $326k in IRA/401k funds. House and cars are paid off - no debt. I calculated I need $18k to live for a year absolute minimum (including a health and dental policy), but...
  9. mikex

    New and some info

    Hi all. I'm considering retiring early (55 or before) but have a few questions and found this forum. I have worked for an Aerospace company for 22 years, and luckily have built up a decent 401k/IRA and also have a pension plan. No kids or wifey, just two cats and they don't need to go to...
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