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SAinMinn, A few things to keep in mind: 1. Typically age discrimination laws protect people over the age of 40. Your posts mention that several hires have been of people in that age range or higher, so proving age discrimination on that basis may be difficult. 2. Federal age discrimination...

Yes, for anyone who remembers what Lake Powell and Lake Mead looked like in the 1980s vs. today, the difference is stark. Lake Powell is at 47% of "full" and Lake Mead at 43%. Meanwhile, the population in states using that water continues to grow, and annual snow pack and rainfall levels are...

Markola, Have you tried out this reverse mortgage calculator? To understand the RM product, I just tried it on our home and the fees, which essentially discount the home value, are pretty high--$20K on a $600K home. Home values in our area have increase on average >6 percent/year since 2000, so...

Our house was in Tucson, which is near the end of the line for distribution of water from the CAP, and gets nothing from the SRP. Tucson has a fairly large water basin, but has relied more heavily on CAP water over the past 20 years. As long as some CAP water finds its way to Tucson, there...

Believe me, I considered that before we purchased, and did some additional research. We are far enough north and east of I-5, which puts us in a (relatively) safe zone. No place is perfect, of course, but we've chosen as well as we can, give the risk variables out there.

Having spent most of my life in Arizona, and watching it get hotter and drier over the past 20 years, I began researching those changes in earnest rather than relying on my anecdotal sense of change. Using NOAA/National Weather Service data, I created a spreadsheet of the number of days of...

Supermint, you and your husband can retire someday, but it will take a complete change of mindset from compulsive spending to avid saving. I would start by using the $45K inheritance to pay off the debt with the highest interest rates--even 8 percent interest on a debt is robbing you of your...

Goodprovider, the social security estimate you are seeing may be way off if it assumes you will continue earning your currently income until age 67. This tool is excellent for getting an accurate estimate using your actual earnings. The website doesn't keep any data...

My first car was a 1965 Impala standard transmission ("3 in the tree") inherited from my older sister. No radio, no AC, so long drives involved singing at the top of our lungs for entertainment. I had to let it go when gas hit $1.00/gal in 1980 and the car got maybe 10-11 MPG. We named her...

Oh, okay, so from May 2020 to 2027 you will need about $27,500 from your nest egg, after which you will need nothing from your nest egg. Also, your medical costs should drop in 2025 when you reach age 65 and move to Medicare. All in all, your plan looks very solid so long as you have closely...

Mountain Skier, when does your pension begin? If it begins in 2020, you will need an additional $192K from your nest egg over the next 7 years before you take Social Security, at which point your income will exceed your expenses. If your pension starts at 65, you will need to draw down about...

You're welcome, baseman250. Good luck in your planning and eventual retirement!

Thank you for that friendly amendment, Dtail. You are correct, and I almost added that to my reply, but didn't want to get too far into the weeds. In fact, my own earnings record shows that my 1980 income of $15K is now inflation adjusted to $50K--a little more than tripled!

You use this tool: https://socialsecurity.tools/app.html But to use it, you must go to your Social Security account online (ssa.gov) and copy your SS earnings record. This is easy to do--just highlight the whole earnings record, and right-click "copy." Then paste that earnings record into the...

Your equation is a little off. If you collect Social Security before full retirement age, the 2019 earnings limit is $17,640. So in your example above, that means that your earned income ($27,040) minus the earnings limit ($17,640) = $9400. The $9400 is the amount subject to earnings penalty by...

Actually my point was to not use the social security estimates that you see in your online account. Those estimates assume you will work up to full retirement age.

The plan is to hold off until at least 67 for social security: Me (at 67) - $2,600/month Her (at 67) - $1,800/month Baseman250, do these SS estimates take into account that you will not be working until age 67? If not, recalculate using the anypia calculator from social security or this one...

My sister has lived in both the UK and the US over the past 20 years. She has many experiences with the NHS, and as a former RN, in a good position to evaluate healthcare quality. On the whole, she has had high praise for the NHS. It is not perfect, but no British citizens have been bankrupted...

Teacher Terry, Reno made my short list, but then I researched the number of days over 90 degrees each year and was surprised that it was >50. My ideal temp range is 55 - 75, and after spending decades baking in the desert southwest, even 90 degrees is now too hot for me. The proximity to Lake...

If their home contract had a financing contingency, can they get back their $25K if they fail to get financing? That would at least allow them to pay back their 401K loan. Maybe renting a place for a couple of years would allow them to put themselves on firmer footing. Your friends clearly got...

Amazing story, imoldernu! Your story shows resilience and smart budgeting. These experiences tell me it can be done, and I am grateful we have some strong basic income streams; I know we are lucky in that regard.

My boss understands that DH is my first priority, and when I have needed to take time for him, they have been, and continue to be very supportive. DH has long-standing cardiac problems, but is not in imminent danger. To his credit, he has defied the odds for years. I'm just thinking sooner...

I know that is true, although the asset levels described here are often eye-popping.

My position is a director level, and the employer for whom I have worked has been very accommodative to allow some work flexibility. They do not want to see me go (originally suggested I work until 70) but understand my situation, so I gave a year's notice and have been training my replacement...