Fifty-three with a government pension and I am SO ready to retire. Please tell me what you think. I have a defined pension with a cola and medical insurance for life at $148.00 a month. Right now I make $74,200.00 a year so it will be a change, but worth it. I've worked there for 28 and a half years and I really do not want to wait much longer for more pay. Thirty years is the magic number, but I do not think it is worth the wait! You know how that goes. My vehicle is paid for and my house is worth $190,000.00 and paid in full. I have the basic utilities as you all do. I have about $12,000.00 a year coming in for oil royalties. When oil is high it could be more. I can retire with a pension now with a monthly payment of $3581.00 per month, Jan 2011 at $3697.00 or if I wait until Feb. of 2011 I can retire at $3773.00. My feeling is that in Feb. it will sound better to wait a little longer...the trap. I'm really ready now. I'm spoiled in a lot of ways, but I think I can handle spending less. I've been lurking for quite some time and find you are very helpful to the I am's who come along wanting to be retired as you are. Thanks a lot
$3581.00 pension
$1000.00 additional income +
= $4581.00 per month
I only have $90,000.00.00 in savings.
water 100.00
alarm system 37.00
home phone 30.00
internet 67.00
cable 85.00
cell phone 86.00
gas 10.00
electric 200.00
property taxes 400.00 a month, I pay yearly
home insurance 167.00 a month, but I pay yearly
car insurance 50.00
Have a missed anything? This is it I think.
I could probably live cheaper by living alone. I could probably do better by not marrying, but I may get married this year. My gut tells me to get married before I retire so that I can have the "event" and have a reason to include him on my insurance plan. Two for $345.00 a month. Then again, I should protect my assets and retire, then get married. I live in a community property state. I live in a three story townhome (so tired of stairs after 20 years) and will be selling to buy a one story home with a bigger yard. Still a small yardl, but bigger than I have now. I guess this should be done before I marry for protection? Also, I will lose my widow social security benefit if I remarry and I will not be able to claim my social security at the age of 60. Bummer. It's so complicated as we get older and almost too much trouble to get married. What do you all do to protect your assets?
Looking foward to your replies and hoping for positive responses.
$3581.00 pension
$1000.00 additional income +
= $4581.00 per month
I only have $90,000.00.00 in savings.
water 100.00
alarm system 37.00
home phone 30.00
internet 67.00
cable 85.00
cell phone 86.00
gas 10.00
electric 200.00
property taxes 400.00 a month, I pay yearly
home insurance 167.00 a month, but I pay yearly
car insurance 50.00
Have a missed anything? This is it I think.
I could probably live cheaper by living alone. I could probably do better by not marrying, but I may get married this year. My gut tells me to get married before I retire so that I can have the "event" and have a reason to include him on my insurance plan. Two for $345.00 a month. Then again, I should protect my assets and retire, then get married. I live in a community property state. I live in a three story townhome (so tired of stairs after 20 years) and will be selling to buy a one story home with a bigger yard. Still a small yardl, but bigger than I have now. I guess this should be done before I marry for protection? Also, I will lose my widow social security benefit if I remarry and I will not be able to claim my social security at the age of 60. Bummer. It's so complicated as we get older and almost too much trouble to get married. What do you all do to protect your assets?
Looking foward to your replies and hoping for positive responses.