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.
MORE ON MSN MONEY
VIDEO ON MSN MONEY
Anything to convince the remaining few (and getting fewer) old contributors who have been getting milked by the liberal establishment for decades to support the pukes in society that they champion for votes to sustain their worthless existence.
"When plunder becomes a way of life for a group of men in a society,over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it"
(Frederic Bastiat 1848)
As of right now, from the SSA (dot) GOV site,
If you are under for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit.
For 2012, that limit is $14,640.
In the year you reach , we deduct $1 in benefits for every $3 you earn above a different limit, but we only count earnings before the month you reach your full retirement age.
If you will reach full retirement age in 2012, the limit on your earnings for the months before full retirement age is $38,880. (If you were born in 1946 or 1947, your full retirement age is 66 years.)
Starting with the month you reach full retirement age, you can get your benefits with no limit on your earnings.
So basically you regular folk, like me retire at 62, if the 1% don't screw you before then. Take your lower payment, work, making your maximum allowed. Do not go over because they will take away $1 for ever $2 you make above that, meaning a 50% reduction in benefits! As of this years figures, once at full retirement you can earn whatever you like!
Remember this also, from age 62 to (as of now) to 67 (for me) is five years. You will collect every month. That will add up to 60 months, so using my numbers, I get $1400 a month at 62, so $1400 times 60 months equals $84,000.00 dollars!!! Now if I wait until full retirement, for me 67 I will get $2100.00 a month, that is an extra $700.00 a month. That means I will have to live until 77 to make up the $84000.00 I would have given up making if I retired at age 62 (again presuming the corporate pigs don't get their political pigs to screw us some more!
Do the numbers people and stop listening to the radio pigs mouth, aka Rush, Beck and of coarse the Don! Remember the 1% is nothing more than the land barons of days gone by. They seem to forget what their forefathers got when the screwed the peasants too much!
History does seem to always repeat itself, why can these pigs ever learn???
How about an article about 7 signs that it is TIME TO RETIRE.
the media and the government want us baby boomers to keep working so we can support all the worthless lazy **** people who don't want to work.
I notice many years ago 50+ that old people retired and wished they could do things with family. They would come to where I was working, but could just sit in the hotel, car, bus, RV and look out at the younger one hiking, biking, riding horses, etc. But all they could do is set. they had waited to long. Maybe the kids told them to work to the end, maybe the lawyer and banker told them not ot quit yet.
I retired five years ago. I still work part-time at working in what I did for a living for 50+ years. But now I not the owner or boss. I am just a gofer and enjoy it. There is no pressure to get things done, no big management decisions to make.
We decided after hearing a Pastor preach a sermon; "Never seen a U-Haul attach to a Casket" couple that with me doing estate auctions, seeing what people thought they needed, but the kids just sold most of it at auction. We decided to retire, scale back from a 3000 sq.ft. home, moved into 800 sq.ft apartment, sold the ranch as well and retire to enjoy the rest of our life. Bought an RV trailer of 300 sq ft. and travel most of the year work at seasonal jobs.
The wife and I hike up to 10/15 miles a day in the mountains, ride our horses, travel, pick up odd jobs here and there. I work out in a gym and swim laps for up to four hours a day. We enjoy life. We didn't wait till we were to old to enjoy life.
I would say start planning for your retirement, by planning on what you want to do some where around 55 to 60.
See what it will take for you to stay active. By all means don't retire and quit living. To many of our friends have done just that. Some have passed on after just a year or two of retirement. Some are buying scooters carts to get around, some are buying tip up chairs. Just for the simple fact they quit. Some just wish they were doing what we are doing and had not waited. What's a few dollars different in retirement income. You can managed your retirement and have a good time on far less then what many say.
Just my thinking.
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!
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Even those who don't like to shop are probably hitting the stores this month. Here's what to be on the lookout for and here's what to avoid.