Would you retire on this?

[Moemg]

Chinaco ,
Since you are planning leasing for months at a time consider the shoulder season of places .There are many places where the weather is good and less costly at certain times e.g. Nov & Dec. in Florida real bargain ,great weather and less crowds .

[W2R]

Quote:

Originally Posted by chinaco There is a complicating factor that I did not put in the poll and initial statement. If I wait 4 more years, I will qualify for my pension @ 55 + Group health benefits from my megacorp. This would give DW and I a backup plan on the health coverage since we could each be in our respective plans with the other as a spouse. It might cost a little more... Right now I am just mulling over the options. I must admit, I have been planning to RE @ 55 for about 20 years now. To accelerate ER takes me a little out of my comfort zone mainly because of changing the basic plan. I am just being cautious.

If you waited to retire with two private health plans as backups, and nothing changed, that would be great. But imagine how you would feel if we went to nationalized health care!

I am waiting for 2 more years for lifetime health benefits before I retire, and this possibility has occurred to me, as well. I would sure feel like a chump if it turned out to be unnecessary.

[chinaco]

Quote:

Originally Posted by Want2retire If you waited to retire with two private health plans as backups, and nothing changed, that would be great. But imagine how you would feel if we went to nationalized health care! I am waiting for 2 more years for lifetime health benefits before I retire, and this possibility has occurred to me, as well. I would sure feel like a chump if it turned out to be unnecessary.

Yes, me too... But all we can go on is what we know today.

I have some additional trade-offs also. I also get a pension @ 55 and other Retirement benefits. The pension helps alot during the 55 - 62 time-frame when DW SS would begin. I will probably take SS @ 66.x.

Still, I continue to study it and retest my assumptions. Part of the reason I started this poll.

[Spanky]

We are creatures of worry. We are constantly in fear of losing something, such as jobs, health benefits, money, health, youth, life, etc. These worries and fears prevent us from moving forward to something much greater. As a result, the insurance industry is striving and making huge profits. In short, if we are in good health and taking care ourself, we should just go with high-deductible health insurance and not worry about getting adequate coverage. Working for more years just to better health-care coverage and to gain more assurance that your money will last forever may not worth the indefinite wait. We may never quit working since we may never feel that we have enough money or protection for ourself and our kids. Remember that life is not forever.

[Texas Proud]

Quote:

Originally Posted by Want2retire If you waited to retire with two private health plans as backups, and nothing changed, that would be great. But imagine how you would feel if we went to nationalized health care! I am waiting for 2 more years for lifetime health benefits before I retire, and this possibility has occurred to me, as well. I would sure feel like a chump if it turned out to be unnecessary.

I would not bet any money that we will have nationalized health care anytime soon... and probably never.. there is just not enough people on board to do it, nor do we have the funds...

Now, might there be some kind of law guaranteeing insurance Maybe..

[lazygood4nothinbum]

Quote:

Originally Posted by Spanky We are creatures of worry...Remember that life is not forever.

well said.

had i worked another 7 years i could have taken early pension and i would have had 10 years of supplemental health benefits. on the other hand, that might have just put me 7 years closer to alzheimer's by the time i retired.

instead i opted for quitting sooner to give myself at least 20 good years without work, and just in case i live longer than that, i'm single and flexible and have no problem living more cheaply.