7 signs you shouldn't retire now
Some milestones you may think signal that the time is right should be ignored. And there are other signs that tell you it's definitely not yet time.
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My wife and I both retired early....if you wait until everything is perfect, you'll never retire. We make more money now after retirement than before. We have no debt...our home is paid for..don't use credit except for vacations. You can have an interesting retirement without spending a ton of money. Our income is social security and two small pensions.We are not rich, but shop at flea markets, discount stores, and resale shops. You can even try Goodwill for clothing. I'm not idle...have many things to do.
If we have a medical problem, we'll address it when the time comes...you will probably have medical bills you can't pay whether you're retired or not...I'd rather be retired.
TAKE THE PENSION.
Write a book, do something that you like to do.
Find a more interesting job, than the mind numbing one that you have.
If you like what your doing die doing it.
Yes big gardens are work and time consuming
So is Golf, and fishing..
You can raise most vegetables anywhere, and freeze about everything, can or freeze dry.
Buy or raise fruit, other, what you want from stands or friends...Trade,barter; Pretty easy.
Don't raise livestock any more...Just pay kids to raise for us and them, not necessarily cheaper sometimes, but much better food...Fresh eggs too.
One thing I have noticed about pre-retirees, they think they have to have 80% of their income to live decent...NOT TRUE, and you don't need a million bucks either....IMO.
Most would be amazed how much you save, by being retired..
But it does pay to have all major bills paid off, ie; Mortgage, vechicles, credit cards, loans,etc.
Less money for cars, fuel, repairs and insurance.
Less for clothes and work attire...make-up,hair dresser, barber,etc.
Way less for meals,, coffee breaks, lunches......If you cook?
Less cost for happy hour.
Less impulse or hurried shopping.
Usually less for food.
Eat healthier, less for doctor bills,dental....When older, those bills can change.
Consolidate insurances....You are at less risk for home and you drive less.
And most important...LESS STRESS, also pertains to medical care or meds.
Retire as soon as you can. My worst day laying around the house was better than my best day on the job. I like my job and all, but face it, if they were'nt paying me I would'nt be there. I suppose that's how it is for most. I've never met a trashman that said "I love this so much I would do it for free", or waitress, or a guy working on the line in the widget factory.
This is a load of crap. Take the money when you are eligible and when you are ready.
The government would like you to die and reduce the costs of Social Security and
Medicare benefits that they blow on senseless wars and foreign aid. I went out as soon
as I was eligible and I'm doing fine. I am not a greeter (yet) at Walmart but I am a
cashier and 20 hours a week is easier than 40 any day. Just make sure you have some
retirement income and maybe some supplemental health insurance benefits from
your employer. As far as debt unless you are like Mitt Romney you will always have bills to
pay just try to plan ahead if you need to leave anything for your family.
This will keep me busy enough and cut expenses 50%. Not to mention that I will be eating healthier and sleeping better with less worries.
Just Remember- There are no pockets in a shroud or luggage racks on a hearse!!! You don't know how much time you have left on this Earth, and money can't buy you more!!! How much money do you need?
Get out while the getting is good, enjoy every day like it's your last, and start working at living instead of living at work!!!
Best wishes for a Happy and Healthy 2013 to all!
Retiring is a touchy thing,lifestyle, and life changing for some..
I've been retired 14 years and never looked back...Missed "some" people,but never the job.
Wife retired 2 years later, same thing; But missed many customers or clients, took adjusting.
You can make the old contacts by attending coffee clatches or lunching occassionally.
We both retired quite young/early, and in pretty good health...
You have to plan to retire...number one.
You have to have funds* to see you through, especially to SS....It helps later,both took at 62.
You should have a paid health plan...Very important...If not you have to buy one or contribute.
A pension or pensions are nice....I bought mine out, she sold business and closed it.
A 401K or savings,IRAs are almost mandatory....See above funds*....
Investments and major bills paid off are a plus.
Plan for or have Hobbies and things to do...You actually will be quite busy..IMO
But try and kick back and enjoy what can be a very stress free life...
And stay away from having too many appointments or commitments....Stress,stress.eliminate it.
That's why you retired....Enjoy it.
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