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Hi Zoey, It is indeed a shame that many firms let their employees go at around 55 yrs of age and with no affordable health care beyond cobra, its tough. I have just one thing to suggest: If you haven't received any SS Benefit estimate from SSA, I think you can ask for one by toll free no or...

Pardon me for not contributing anything new except perhaps an observation from the comments/posts thus far: It seems like housing and health related expenses are the major factors in reasonably comfortable retirement. If you either rent or have a property free of mortgage in a fairly low...

Thank you, Goonie and 2Cor521, for your responses. Based on the many responses thus far I feel a liitle more optimistic about my particular situation. I may post details on it at some later date to get 2nd opinions of sorts. :coolsmiley: Regarding the 30/yr, I forgot to add in my previous post...

Hi All, It seems like quite a few (most respondents, actually) seem reasonably comfortable with 30k/yr. Its encouraging but at the same time unbelievable - no, I wont call anybody a liar - bit its just incredible! I am seeing some exceptions like health is covered or property taxes of around...

Strictly my guesssopinion? I would not take up a new job given the paycut even if it means a potential improvement in work conditions. The way I am seeing it is: work for 0 to 5 yrs for a potential doubling of pension. However, since you are not all that happy where you are, I'd say work as...

Along the lines of European Union - sounds scary and or promising? YouTube - Is the U.S. Annexing Mexico and Canada? Dobbs: YouTube - Lou Dobbs: North American Union Orwellian Brave New World YouTube - The New World Order is Here! A portion of the Mexican population is already in the US...

As the title suggests, is it worth developing a set of guidelines perhaps related to age of ER (and/or SO,Spouse,etc.)? e.g. Age Rule/Event to consider or plan for 62 - Earliest Soc.Sec. entitlement eligibility 75%? 65 - Earliest Medicare Eligibility 65/66 - Earliest Full Soc.Sec...

Potential SS Solution From the above calculator/game? 1. Removing the cap on SS taxable income solves 93% of the problem. Hopefully, it will reduce the income gaps and ridiculously high salaries. 2. Investing in private sector with the above will solve the whole problem and some. Perhaps Mr...

The way I am seeing is the 32k figure is your fixed expenses/living allowance which is adjusted for inflation. If your portfolio does better, I suppose you can take the higher amount but then it works the other way too i.e. what if your portfolio does poorly? I think staying focused on the...

I believe the 2nd and subsequent year amounts are adjusted for inflation. So: 1st Year: $32,000 2nd year: $32,000 + 2.5/100*32000 = $32,800 3rd year: $32800 + 2.5/100*32800 = $33,620 And so on.....

Thanks bots2019 If I can extend on my previous question: How would this work practically with a mutual fund family: Would the fund family handle the process and how can it be arranged so the taxes owed are paid from the IRA/Roth Coversion funds? Again, I hope the question is clear and...

Have a slightly different but relevant question: Lets say I have no income but would like to convert part of the IRA to ROTH - thereby possibly staggering the conversion over two or more years - the idea being to take advantage of the lower (15%) Federal tax bracket. So the amount of coversion...

Not quite retired but may be forced to within a couple of years. Question: Is it necessary or worthwhile to consolidate the 2 or 3 mutual fund family IRA's, Rollover IRA's, 401(k)s, etc and a discount brokerage Rollover IRA to one Fund family and one discount brokerage. To be a bit more...

Credit Card Use the credit card to pay for something only if you have the cash to pay for it. If you cant pay for it in cash, don't even think about it.:coolsmiley:

Interesting interview - two of my favorites. Gained a new insight in Bogles depth and breadth. Amazing clarity and views. Bill Moyers Journal . Watch & Listen | PBS

Hi Plumb Bob, Have never lived or been near a farm so at the risk of sounding naive, I'd be curious to ask a couple of questions, if I may. I assume you live on the farm and is and will be your primary residence in retirement. Sounds like a pretty hard life but I guess you have lived it so...

Irony The irony, it seems, is that the original is a Chevy (Spark) product and the clone (Chery QQ) is a Chinese product outselling the original - and Chrysler is making a deal with the Chinese cloner to push the (improved) Chinese product!!

Chery QQ demonstrates more than just the skill of modern cloning. Popular Science Link to "Cloning" article. China's iClone - Popular Science Pic:Popular Science: iClone - Photo Gallery

Command Center is just a watchlist with perhaps some alert capability. Have you tried Strategy Desk? FG: What did you switch to and is that working out better - I suppose you'd have say yes to that!

Anybody try the new tools offered by TD Ameritrade - tools like the Command center, Strategy Desk, etc? Wouldn't mind trying them out but too chicken or too lazy to learn, I guess.

We can do better than that, surely!! As long as it's just an opinion poll and does not involve any money, here's my opinion::p Thinking GLOBALLY, about the only major negative in the world economy today is this "subprime" crises which is primarily US based (pardon me, I'm no economist or...

There you go!! Needs to be upgraded/updated to the 21st century! You know, I could have sworn this is the same VW "kombi" I passed on one of the Montana highways at over 115 mph before they imposed the speed limits. But seriously, perhaps Chrysler can extend the Minivan concept to "Boomer...

Could this type of living be incorporated/transformed into the convesion of (now dying) SUV/Minivans - a logical next step perhaps for the boomer retireee/RV'er.

I think before you do anything, talk to your wife - she being a bookkeeper may have some options she has in mind. Or any children? Secondly, find some relative and/or aquaintance who you and your wife can trust and ask for some handholding but keep the decision making to between you and your...

Imho I'd say go with Choice 2. I'd take the free time if I could - anytime. If it works out, good, otherwise, you could always go back (but going back may be tougher - life's a b**** with all these choices, isn't it?). Choice 2 gives you a taste of what "full" retirement will be like yet...