I've been reading SS threads here for almost 20 years. My takeaway on taking it at 62 is that it's a bell shaped curve: you either desperately need the money or you don't need it at all. It's those in the middle who need to decide.
I'm in the latter camp and took it at 62.
Between DW and I...
When I think about all the "bullets" I miraculously dodged......
I'll take my current past, the money, DW and where I am right now. .
Friends always say that I've led a charmed life, so why mess with that?
I know some people who, if their house was on fire, would spend an inordinate amount of time weighing the pros and cons of calling the fire department.
Maybe the fire isn't so bad. It might go out by itself. Should I try to put it out myself? What are the consequences of doing nothing...
Agree with your point except many, many people DO make spending decisions not giving even a second thought to how it affects their long term financial situation.
True.
But the reality here is that the real problem here is not money but time. Just like the 85 year old with $6M who'll never be able to spend it all, the reverse is also true. By age 60 there just is not enough time for any sort of solution. Setting aside $50 a week? Forget it. These...
Justified to whom?
Once again, I believe that you're waaay overthinking things, along with a heavy dose of "what other people think".
People tend to do what they want to do/can afford and give little thought to "justification". Build the mansion. Or don't. Regret it? Sell it and move on...
I agree. But what we don't know is if they're working two decent jobs, pulling in decent pay and spending wildly or if they're working two minimum wage jobs and barely able to make affordable housing rent. Obviously a big difference but either way, it's hard to change one's life direction at...
An update: Logged onto my T.Rowe Price account the other day. "Like magic", there's a page with my total RMD for this year along with an amount and percentage of how much I've already withdrawn (I withdraw a set amount the first of each month) and how much more to go.
By age 60 most habits, financial or otherwise are hard to break for either men or women. Lots of justifications over the years got them to this point.
But OP: Have any of these women asked you for help? We have many threads here with the sad results of offering help without being asked.
I'm all for it, but--serious question--how can you tell if it's AI or someone's distilled response after a Google search? Writing style? Wording? In a year or two AI might be able to mimic someone's prose to be indistinguishable.
That was the best part of the job! There was no particular "area"!
The requirement was 200 days a year of international travel (Europe and Asia) to our local offices, usually 5 to 14 days at a time. DW was often able to tag along. Did it for over 25 years.
Company policy was first class air...
I could have retired much, much earlier (mid 30s) but never gave it any thought because the job was such a gas.
Mentally, I was thinking of 58 but "they" decided that I was done at 49 and gave me 2 extra years of paid exile in Paris at a no-show job (an even bigger gas!) before they finally...
Not sure where in SE Asia, but the average inflation rate over 20 years for Cambodia has been 4.5% per year and 6% for Vietnam. Laos is 24% and Thailand is 3.7%. Malaysia is about 2.91% and 3% in the Philippines.
Don't confuse COL with inflation! Of course if you're only planning to stay...
I agree but I understand and appreciate celebrating the end of the treatment. Just tonight DW and I discussed making a celebratory trip somewhere when my treatment is completed.
Thanks to all for the encouragement! Yeah, the way I look it is 10 weeks of PITA buys me 10 extra years.
At 72, I still have mid 90s as my mental horizon, like most of my family. Urologist repeated "entirely curable" so I'm up for the journey.
Update: looks like I'll start radiation mid- February. Started hormones yesterday. The prep work right now seems to be more hassle and work than the routine of daily radiation itself: blood tests, Lupron (hormone) injection, SpaceOAR and installation of three small gold nuggets for beam...
Well as a realtor, just yesterday, while she was sitting at the pool in Florida, she closed the sale of a $1.4MM home back in Mass. ( don't get excited, thats a pretty average home in Cambridge). Commission should carry her for another while.
No, she knew about it. Didn't care. Her plan was to spend the winter in Florida with various friends.
This was an impulse buy given no more thought than deciding to buy a jar of pickles .
Some recent threads sparked a few memories about people that you worked with who you thought of as friends only to find out differently. Over the years of working closely together, small formal barriers often break down and the relationship becomes a bit more personal. At the upper level you...