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Author Topic: Social Security  (Read 638 times)

Offline sluggish

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Social Security
« Reply #30 on: February 27, 2008, 10:24:07 AM »
Retired at 50?  Talk about unrealistic expectations...
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Offline Maverick

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Social Security
« Reply #31 on: February 27, 2008, 10:31:37 AM »
I'm 54, I've been fully retired for 4 years. I also retired from my primary career at age 40. Granted it was earlier than I planned by 7 years but I had planned to retire by the time I was 47 and was on the way. I could have retired normally at age 42 had I not been disabled on the job.

I started working again since I was bored silly. Now that the wife retired almost 4 years ago, at age 55 BTW, both of us are fully retired.

Perhaps your expectations need a reality adjustment. Life choices are just that, choices. Decide where you want to be then work to get there. Education is not necessarily a one time deal and continuing it later is possible as are career choices.
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DEFINITION OF A VETERAN
A Veteran - whether active duty, retired, national guard or reserve - is someone who, at one point in their life, wrote a check made payable to "The United States of America", for an amount of "up to and including my life."
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Offline alskahawk

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Social Security
« Reply #32 on: February 27, 2008, 11:50:41 AM »
Quote
Originally posted by Maverick
The plan that started this thread sure seems to look nice at first. Then the idea of having to wait until age 76 to retire is pretty darn silly. By the time I'll be 76 I'll have been retired for 26 years.

In reality the concept of starting a retirement fund at an early age has considerable merit. Just making a lump sum deposit and then forgetting it is not a good idea. No one knows what the rate of inflation will be for 50 years in advance and there is no guarantee that the fund / company you invest in will last all 50 years with a good rate of return.


 That wasn't a plan. Just an example of compound growth. I used it to illustrate how bad our government takes care of our money. In the example it is assumed that you invest in a good mutual fund. Which averages 12%.

 If a person starts saving at an early age and avoids the pitfalls of credit, xwifes/husbands etc then they probally could retire much earlier than 76.
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Offline alskahawk

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Communism?
« Reply #33 on: February 27, 2008, 11:54:21 AM »
Don't know how we got from a financial discussion to communism.

Chief failing of communism: No matter how hard I work I get the same as the bum next to me.
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