Recent content by RocketHead

. Midpack, I have the same deal where I work. I found it in the IRS documents. The year you turn 55 is how it is phrased, not your 55th birthday. But the company you work at has to allow it. So not everyone will get that deal. Call your plan administrator to confirm it. I was forwarded to...

Thanks Helen. Nice to meet you. Well like I said earlier, I don't turn 55 till next year. Ever since I realized I could possibly retire early, I've been completely obsessed with it. Every payday I recalculate everything and just stare at the numbers. I check my "Days Until" countdown program...

Thanks BUM! You dog, you got me beat ha ha. You know I was thinking how lucky me and my wife are. I don't know about the rest of you, but we did not have a life long plan to retire at 55. I did not even think about it until my wife got laid off last year. That caused a serious review of...

That was inspirational Worker Bee. Thanks so much. You put a smile on my face. :) Yeah, if my finances are sound enough, I am outta there! Lol Sadly, I was born late in the year so it's going to be a long year next year. But I can already see the light at the end of the tunnel so I think...

ksr, I think I've done some reasonable investigation on alternatives to my company medical insurance. Based on people that have left my company with preconditions and what I have read, it doesn't take much of a precondition to get turned down for individual plans. When I get closer to the...

Thanks Oldbabe. My company offered free retirement medical coverage until about 5 years ago. Now if you retire, they let you buy the insurance at their group rate. All I can say is I know a guy that has bought it for the last few years. From what I see going on at GM and elsewhere, there are...

Thanks for the help Want2retire. No the pensions do not have cola provisions. Inflation will beat them down over the years. But it is what it is. I'd rather do with less than go into that job one more day then I have to. I was bored 10 years ago. :)

Hey Thanks REWahoo, it's nice to be here. I thought I had tried every online retirement calculator but not that one. It's having some problems crashing right now but it still spit out these results: =============================== Because you indicated a future retirement date (2010), the...

Hi All. My wife & I are 54 this year and considering retiring when we hit 55 next year. Just looking for comments if it looks doable. I've been studying everything I can get my hands on retiring at 55. Here's our specifics. Small home in Connecticut paid for worth maybe $250k, no debt, 2...