Made it official with my company and social security I am retiring on my 62nd B'day 2-25-2011. That's only 3 1/2 months away. And I am sooooo looking forward to it.
Good for you Ken. I plan on doing the same but have another 2 years to go almost to the day you plan to retire being we are only 2 days apart from the same birthday (Pisces).
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1967 Marlboro Maroon 4spd Coupe 1973 Dark Blue 4spd Coupe w/air, original 25,000 miles 1999 Black C-5 Hatchback Coupe 6spd LS1 1934 Ford 3 Window Coupe eng. code "ZZZ" 350-345hp Chevy Powered! 1970 Black on Black Monte Carlo(FOR SALE)Asking $18k
Made it official with my company and social security I am retiring on my 62nd B'day 2-25-2011. That's only 3 1/2 months away. And I am sooooo looking forward to it.
Good for you....... You see what the demoncrats want to do with Social Security.......age 68 to retire. What does one do from the age of 62 to 68......? You can't get a job.
I lost my union job in 1989......never found another one. Worked part time ill I turned 61 and then I lost my part time job......its been 5 years of no work and I don't miss work at all. I liked working, didn't care for being treated like a burden.
The problem with SS is its up in the air right now, the government can fight wars all over the world and give to every country on the planet but can't take care of the folks who built this country.
They want to cut the deficit so where do they start? At the bottom at the people who can least afford to cut back.
I have $70.00 in my checking account, thats gotta last till the 24th........and its that way every month. But I'm sure that I could afford a SS cut back........what are they thinking.... When you retire start living on just your SS and your company pension only. I mean only, never touch your savings, any money you take out of savings, stays out forever.
Another thing sign up with the VA......now.... Once you retire $10.00 becomes $100.00.......never get a reverse mortgage. Its a loan at a high percentage....... Good luck on your retirement, but its not easy.....
I wouldn't be able to make it on just SS at 62 but I figure I may as well take it in 2 years before they tell me I can't and will have to wait even longer. I suspect I will still be working some once I do take it but the way I look at it, it should pretty much cover my very high N.J. property taxes unless they go up even more by then. That would help a great deal. To live off SS at 62 it would be impossible to do where I live.
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1967 Marlboro Maroon 4spd Coupe 1973 Dark Blue 4spd Coupe w/air, original 25,000 miles 1999 Black C-5 Hatchback Coupe 6spd LS1 1934 Ford 3 Window Coupe eng. code "ZZZ" 350-345hp Chevy Powered! 1970 Black on Black Monte Carlo(FOR SALE)Asking $18k
I wouldn't be able to make it on just SS at 62 but I figure I may as well take it in 2 years before they tell me I can't and will have to wait even longer. I suspect I will still be working some once I do take it but the way I look at it, it should pretty much cover my very high N.J. property taxes unless they go up even more by then. That would help a great deal. To live off SS at 62 it would be impossible to do where I live.
Fred,
I'm retiring at 62 instead of 66 for 2 reasons, first is I want some of the SS money before it runs out and not that it will pay my bills or come close to it but just the same I want it as soon as I can get my hands on it. Secondly, I've worked for the same company for 35 years and need to start relaxing. I did some smart things years ago investing and saving. The house will be paid off, no car loans on 7 cars, we don't owe anybody other than the government like everyone else. And just short of $1,000,000.00 to roll over into retirement fund. I have an investment company that will handle everything for me, Smith-Barney. It's still scary to think I won't be working soon though.
Hey Ken Good for you. I have been collecting for almost 2 years now. I still play around part time but pick and choose when I want to work. My 62 has been keeping me busy too. If I am not being too personal what kind of fee's does Smith Barney charge to handle your retirement funds ? Happy Veterans Day. Rick
I wouldn't be able to make it on just SS at 62 but I figure I may as well take it in 2 years before they tell me I can't and will have to wait even longer. I suspect I will still be working some once I do take it but the way I look at it, it should pretty much cover my very high N.J. property taxes unless they go up even more by then. That would help a great deal. To live off SS at 62 it would be impossible to do where I live.
Fred,
I'm retiring at 62 instead of 66 for 2 reasons, first is I want some of the SS money before it runs out and not that it will pay my bills or come close to it but just the same I want it as soon as I can get my hands on it. Secondly, I've worked for the same company for 35 years and need to start relaxing. I did some smart things years ago investing and saving. The house will be paid off, no car loans on 7 cars, we don't owe anybody other than the government like everyone else. And just short of $1,000,000.00 to roll over into retirement fund. I have an investment company that will handle everything for me, Smith-Barney. It's still scary to think I won't be working soon though.
Dude I started with $750,000 and $3,500 a month but the ex wasted it all........ That little woman who says that I love you will ruin you.....
I wouldn't be able to make it on just SS at 62 but I figure I may as well take it in 2 years before they tell me I can't and will have to wait even longer. I suspect I will still be working some once I do take it but the way I look at it, it should pretty much cover my very high N.J. property taxes unless they go up even more by then. That would help a great deal. To live off SS at 62 it would be impossible to do where I live.
I saw a tv news show about a guy who lived in Jersey, he is multi millionaire and he was paying $13,500 a month in state income tax.......so he moved to Floriduh and kept his $13,500 a month to himself. Floriduh has no state income tax. Nobody can retire in Jersey........theres no cap on property tax and its a high crime state, crime has some very high costs.
A guy on another forum lives in Jersey his property taxes are $10,000 a year. His car insurance is $5000 a year... You might have to forget about Jersey...... Pick a state with low taxes, low crime, warm temps, not hot, not freezing cold, low traffic....... Bingo New Mexico.......its got it all. Its the 5th poorest state in the US. My brother lives there, his car tag is $33.00 for two years. His property tax is $440 a year.
Or rural Callifornia....... theres a by law cap on property tax in this state..its 1% of the purchase price as long as you won the house. Of course the state found away around the law......laws are for other people, not government, they're special.....its called "fees" as opposed to "taxes"...... They can raise the "fees" but not "taxes" so the "taxes" become "fees", dirty pool you betcha.
Ken, congratulations on your retirement. I have been retired for 8 years and have loved every minute of it. Retired early at 59 1/2.
I live half the year (retired) in New Jersey. The other half in Florida where I count as my primary residence. I pay $8,000 in propertay taxes in N.J. and $2,000 in Florida. The house in N.J. is bigger but not enough to make up for that large gap. Both my wife and I started collecting SS at 62. Didn't want to get a letter saying there was no more SS money when I turned 67.
-- Edited by Lou G on Saturday 13th of November 2010 03:47:19 PM
I'm looking at retiring in 3 years at 52 (by then I will have put in 34 years at the same company). My hubby asked me what I wanted to do when I grow up, and I told him I didn't know, but it sure as heck wouldn't involve taking care of sick people. I've been in the medical field since I was 19 (48 now), and although it's all I've known my entire adult life, I'm ready to get out of it. The insurance companies have too damn much control, and patient care has become centered around what their insurance company will or WON'T allow. It's discouraging.......
Made it official with my company and social security I am retiring on my 62nd B'day 2-25-2011. That's only 3 1/2 months away. And I am sooooo looking forward to it.
Congratulations!! Kinda Sorta going to do the same thing here!!
PS. Feb 28th BD here!
-- Edited by GMJunkie on Monday 15th of November 2010 06:18:53 AM
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"Let your plans be murky and confused in daylight, and when you move, fall like a wet turd." - Sonny Toefoo
I'm looking at retiring in 3 years at 52 (by then I will have put in 34 years at the same company). My hubby asked me what I wanted to do when I grow up, and I told him I didn't know, but it sure as heck wouldn't involve taking care of sick people. I've been in the medical field since I was 19 (48 now), and although it's all I've known my entire adult life, I'm ready to get out of it. The insurance companies have too damn much control, and patient care has become centered around what their insurance company will or WON'T allow. It's discouraging.......
Speedie you will probably be replaced by a foreigner when you retire. That is all I see at the hospitals here in New Jersey anymore. They out number Americans here anymore doing the jobs Americans once did. More and more nurses and doctors are foreigners here as I guess they ship them in on purpose just to undercut Americans for their jobs.
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1967 Marlboro Maroon 4spd Coupe 1973 Dark Blue 4spd Coupe w/air, original 25,000 miles 1999 Black C-5 Hatchback Coupe 6spd LS1 1934 Ford 3 Window Coupe eng. code "ZZZ" 350-345hp Chevy Powered! 1970 Black on Black Monte Carlo(FOR SALE)Asking $18k
I'm looking at retiring in 3 years at 52 (by then I will have put in 34 years at the same company). My hubby asked me what I wanted to do when I grow up, and I told him I didn't know, but it sure as heck wouldn't involve taking care of sick people. I've been in the medical field since I was 19 (48 now), and although it's all I've known my entire adult life, I'm ready to get out of it. The insurance companies have too damn much control, and patient care has become centered around what their insurance company will or WON'T allow. It's discouraging.......
Speedie you will probably be replaced by a foreigner when you retired. That is all I see at the hospitals here in New Jersey anymore. They out number Americans here anymore doing the jobs Americans once did. More and more nurses and doctors are foreigners here as I guess they ship them in on purpose just to undercut Americans for their jobs.
-- Edited by ffas23 on Monday 15th of November 2010 01:29:30 PM
Well, American's can't get into Medical School. The AMA and HMO's keep tight control on the medical business, don't want to many doctors driving down the price of medical care..
In Cuba under Castro a doctor and a brick layer makes the same money, and brick laying is harder.... When I was a teen I had to go to the doctors every two days for months, so I got to know the doc pretty well.
One day he was complaining about the paper boy, he says the kid can't get the paper on his front porch. So I says, How long is your driveway? He says about 357 yards. Now that would pizz me off..
So one day I asks him why did you become a doctor, was your father a doctor? He say no, my dad was a inventor, then he says, "I became a doctor to help people". I laughed...he says so funny? I says help people, outa thier money.
Doctors are ultimate non-political elitists, or at least they were, now with the AMA and HMO's they polticial elitists.
The Medical Profession is just another way to stick it to the working class and the poor. One thing that I did learn having to go to the doctor for months, if you're a man and want good medical care get a woman doctor, male doctors are more interested in women that men....
My old dentist was a Columbian and we'd talk about the terrorist group FARC. She exscaped all the violence of Columbia by being a doctor, I don't blame her.
Ken, congratulations on your retirement. I have been retired for 8 years and have loved every minute of it. Retired early at 59 1/2.
I live half the year (retired) in New Jersey. The other half in Florida where I count as my primary residence. I pay $8,000 in propertay taxes in N.J. and $2,000 in Florida. The house in N.J. is bigger but not enough to make up for that large gap. Both my wife and I started collecting SS at 62. Didn't want to get a letter saying there was no more SS money when I turned 67.
-- Edited by Lou G on Saturday 13th of November 2010 03:47:19 PM
Lou, how can you justify that kinda property tax in Jersey, its just plain theft. Sell the Jersey home, as property taxes rise the property values go down.
Nobody wants to buy a home only to pay blackmail to the state just to keep it. That would be a raise of $8000 a year for you. When you factor in car insurance, home owners insurance, car tags, cost of cooling and heating, welfare for all the criminal's Jersey is done as a place to live.
Its not even a pretty place to live.......I don't have any family here where I live and thats one of the better things about this area. Family you're stuck with.......friends are one of the few choices one has in life, and I don't have any of those here either.
Friends and family they're a part of the three F's........the last F is what you get for having the 1st two.
Speedie you will probably be replaced by a foreigner when you retire.
...and they'll pay them half my wages. They'll get what they pay for.
My supervisor & I did my annual review this week. Nothing but praise, compliments and flattery. Sadly, I've reached the top of my pay scale. No more $ $ $. Promotional opportunities are being discussed. Great. Fortunately, I love what I do....and that's a bonus.
Sell the Jersey home, as property taxes rise the property values go down.
Its not even a pretty place to live.......I don't have any family here where I live and thats one of the better things about this area.
My wife and I thought about selling the N.J. home a couple of years ago but changed our minds. Our son and his wife live here and we have many good friends. My best buddy and I have been friends since 1960. He is like a brother to me. We now have an adorable grandson that we can't stay away from.
As far as N.J. goes, we live in the northern part of the state. Surrounded by trees, squirrels, deer and bears. We do have four seasons and since we are retired we don't mind the snow too much. When it gets too cold, we head south to Florida.
Sell the Jersey home, as property taxes rise the property values go down.
Its not even a pretty place to live.......I don't have any family here where I live and thats one of the better things about this area.
My wife and I thought about selling the N.J. home a couple of years ago but changed our minds. Our son and his wife live here and we have many good friends. My best buddy and I have been friends since 1960. He is like a brother to me. We now have an adorable grandson that we can't stay away from.
As far as N.J. goes, we live in the northern part of the state. Surrounded by trees, squirrels, deer and bears. We do have four seasons and since we are retired we don't mind the snow too much. When it gets too cold, we head south to Florida.
I know Lou, its family and friends......its always that way. But New Jersey State Officials are shameful thieves........
Fortunately, I love what I do....and that's a bonus.