Life One Week to Retirement - Page 7

**Rain Man** · 03-23-2024, 10:18 AM

Quote:

Originally Posted by Bearcat

If your hobby is baseball, I can appreciate the efficiency.

That big mound of dirt in his backyard is a pitching mound. That's his story and he's going to stick with it.

Mosbonian · 03-23-2024, 11:10 AM

Quote:

Originally Posted by Rain Man

That big mound of dirt in his backyard is a pitching mound. That's his story and he's going to stick with it.

I'm such a big fan that I recreated a bullpen in my back yard....so there are 2 mounds in my backyard....side by side. And the miniscule etchings on the pitching rubbers are nothing of consequence.

Stewie · 03-23-2024, 05:51 PM

Quote:

Originally Posted by GloryDayz

I retired last November and it's awesome. My advice:

5. SS is beer money and nothing more. Plan accordingly.

Congrats, you're going to love it...

How in the world do you think SS is beer money? Are you just getting the minimum?

I paid into the system for 45 years and get a substantial amount every month. It covers all taxes, all insurance and all living expenses with about $1200 left for discretionary spending each month.

That being said, I have no debt, but may buy a new vehicle in the future.

**BigRedChief** · 03-23-2024, 06:05 PM

Quote:

Originally Posted by 493rd

15 years left for me God-willing. Seems like forever at this point, but that would put me at 60 which I think is good. Roughly 7 years from SS and 5 from Medicare. Enjoy your retirement and watching our Chiefs win another 3 SBs during!

Full retirement is 66 years and 10 months. You wait till 70 you get more money. You can also work or earn as much money as you want if you wait till then. Otherwise earning anything over $17K, the SS will take a dollar away from your SS for every dollar over that amount.

Quote:

Originally Posted by Stewie

How in the world do you think SS is beer money? Are you just getting the minimum?

I paid into the system for 45 years and get a substantial amount every month. It covers all taxes, all insurance and all living expenses with about $1200 left for discretionary spending each month.

That being said, I have no debt, but may buy a new vehicle in the future.

I'm 65 and can retire tomorrow with a $2700 monthly check and the wife get $800 from SS for being my wife I guess.

I dont think I need $2700 a month in the budget for beer. But, Glorydaze much be a contestant in the beer Olympics for drinking that much beer monthly.

**BigRedChief** · 03-23-2024, 06:16 PM

I got on medicare at 65. Medicare A&B. I also got the "G" plan and drug plan. Kept all my same doctors. Better coverage and $200 cheaper per month than my employer based insurance. Love it so far.

I had great PPO insurance from my employers. Go see any dr or have a test done at will. No approval needed. But, I'd pay $60 co-pay for office visits and $500 co-pay for MRI's, Cat scans etc.

Medicare A&B charge me $159 a month because I made too much money last year. After I turn in my 2023 taxes, I should get it reduced to 0. "G" plan is $159 and drug plan $24 a month.

GloryDayz · 03-23-2024, 09:11 PM

Quote:

Originally Posted by Stewie

How in the world do you think SS is beer money? Are you just getting the minimum?

I paid into the system for 45 years and get a substantial amount every month. It covers all taxes, all insurance and all living expenses with about $1200 left for discretionary spending each month.

That being said, I have no debt, but may buy a new vehicle in the future.

I paid in for 49 years, but it's not really all that much when compared the payouts I'm getting from the rest of my portfolio, so I like to think of it as "beer money"/"a dive trip a month" slush fund when I decide to take it. As long as it can pay the price of a good liveaboard each month, and it should, I'm happy.

And I'm with you, we have very few bills so retirement is looking good, and SS is going to make it even more fun.

493rd · 03-23-2024, 07:14 AM

Find a hobby.

**Rausch** · 03-23-2024, 07:16 AM

This will be the greatest week of work in your life. The work, the worst case possible, the annoyances won't even register. They just bounce off. Completely irrelevant.

No consequence matters and you can give 110% without reservations. Finish the race strong and walk off smiling...

Mosbonian · 03-23-2024, 07:31 AM

Quote:

Originally Posted by Rausch

This will be the greatest week of work in your life. The work, the worst case possible, the annoyances won't even register. They just bounce off. Completely irrelevant.

No consequence matters and you can give 110% without reservations. Finish the race strong and walk off smiling...

Thanks

Yeah....I see this week as the "home run trot".

Because of the work I do, I am not always the most loved person...my job many times is to make fiscal recommendations that the Sales Team does not like to hear. Now those decisions are being made by my successor....and I am just there this week to "clean house" from home.

**ChiTown** · 03-23-2024, 07:29 AM

Enjoy the fruits of your labor, Mos. You have obviously earned it. God bless you!

Mosbonian · 03-23-2024, 07:32 AM

Quote:

Originally Posted by ChiTown

Enjoy the fruits of your labor, Mos. You have obviously earned it. God bless you!

Thank you ChiTown....

scho63 · 03-23-2024, 07:43 AM

I can retire in 14 1/2 months but right now this company I am working for is kicking ass and this could be a year unlike anything I have ever experienced so I will decide last minute in 2025.

For anyone under 50, you're about to be cornholed by our wonderful people in our nations capital who are about to raise the retirement age.

Mosbonian · 03-23-2024, 08:00 AM

Quote:

Originally Posted by scho63

I can retire in 14 1/2 months but right now this company I am working for is kicking ass and this could be a year unlike anything I have ever experienced so I will decide last minute in 2025.

For anyone under 50, you're about to be cornholed by our wonderful people in our nations capital who are about to raise the retirement age.

There's a joke going around my company....I am finally retiring on the 2nd anniversary of my retirement announcement. I am glad I hung around (more retirement funds never hurt) so I get what you are saying.

Retirement age.....wonder how many people know about what is considered "full retirement age".

493rd · 03-23-2024, 01:12 PM

Quote:

Originally Posted by Mosbonian

There's a joke going around my company....I am finally retiring on the 2nd anniversary of my retirement announcement. I am glad I hung around (more retirement funds never hurt) so I get what you are saying.

Retirement age.....wonder how many people know about what is considered "full retirement age".

Between 66 and 67 for anyone alive. If you can wait on SS do it; it’s an 8% increase year-over-year until 70.

Mosbonian · 03-23-2024, 01:28 PM

Quote:

Originally Posted by 493rd

Between 66 and 67 for anyone alive. If you can wait on SS do it; it’s an 8% increase year-over-year until 70.

Are you saying wait until age 70 to start taking Social Security?

Because waiting until age 70 isn't always the best course for everyone.

If you think you will live to age 90...waiting is right. But if your lifetime left isn't that long that extra 3 year wait may not be right for you.

03-23-2024, 06:16 PM	#5
BigRedChief Has a particular set of skills Join Date: Dec 2003 Location: On the water Casino cash: $2739627 VARSITY	I got on medicare at 65. Medicare A&B. I also got the "G" plan and drug plan. Kept all my same doctors. Better coverage and $200 cheaper per month than my employer based insurance. Love it so far. I had great PPO insurance from my employers. Go see any dr or have a test done at will. No approval needed. But, I'd pay $60 co-pay for office visits and $500 co-pay for MRI's, Cat scans etc. Medicare A&B charge me $159 a month because I made too much money last year. After I turn in my 2023 taxes, I should get it reduced to 0. "G" plan is $159 and drug plan $24 a month. __________________ Time is worth more than money.
Posts: 79,277	1 0

03-23-2024, 07:14 AM	#7
493rd GDT Contributor Join Date: Sep 2018 Location: * Casino cash: $2310400	Find a hobby.
Posts: 8,212

03-23-2024, 07:29 AM	#10
ChiTown Stroking to the SB Champs! Join Date: Aug 2000 Location: Flatlands of Kansas Casino cash: $2903962	Enjoy the fruits of your labor, Mos. You have obviously earned it. God bless you! __________________
Posts: 39,382	3 0

03-23-2024, 07:43 AM	#12
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $2371110	I can retire in 14 1/2 months but right now this company I am working for is kicking ass and this could be a year unlike anything I have ever experienced so I will decide last minute in 2025. For anyone under 50, you're about to be cornholed by our wonderful people in our nations capital who are about to raise the retirement age. __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
Posts: 50,860