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BNA/LION · 18 July 2018, 05:19 AM

A good article as there have been several "Retirement" threads here lately.

https://www.marketwatch.com/story/is...ble-2018-07-11

"...According to SmartAsset’s analysis of U.S. Census Bureau data, the average retirement age in the United States is 63 years old. When you look at the average by state, it varies from a high of 65 to a low of 62, with New Englanders having the oldest average retirement age. Based on this data, early could be anytime before 62 or 65, depending on where you live..."

Check out the Retirement Income Calculator at the bottom too.

fskywalker · 18 July 2018, 06:03 AM

Cool, thanks for sharing

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pallindrome · 18 July 2018, 06:28 AM

very good article. long term planning (assuming one lives the life expectancy of the average person) is indeed important and it starts from small daily actions - from avoiding the extra cup of coffee/drink to cutting down on that extra drive. The small actions add up to something especially towards retirement age.

MinMay · 18 July 2018, 07:18 AM

No advice on buying a 10K Rolex to appreciate 3K-5K in 30 years? No? :)

pjaffe · 18 July 2018, 07:18 AM

Quote:

Originally Posted by pallindrome

very good article. long term planning (assuming one lives the life expectancy of the average person) is indeed important and it starts from small daily actions - from avoiding the extra cup of coffee/drink to cutting down on that extra drive. The small actions add up to something especially towards retirement age.

Aren't the antioxidants in coffee shown to have health benefits??

pallindrome · 18 July 2018, 07:53 AM

Quote:

Originally Posted by pjaffe

Aren't the antioxidants in coffee shown to have health benefits??

not sure about that. meant to say buying that extra cuppa when you could make your own big pot at home instead.

TC94 · 18 July 2018, 08:44 AM

I like the concept in the article about semi-retirement. I’m scaling back a little at the end of this year at 57 with the idea of being half-time by age 60. Who knows how long I can work at half my normal hours and days. I could stay on till 65, give it all up at 63 or find that I enjoy the slower pace and work later than 65. Either way, it’s a great way to keep a group health insurance and disability policy affordable.

I’ve had colleagues quit at 58 and others work till 68 and beyond. I never thought to ask them about health insurance since I wasn’t near that age.

East Bay Rider · 18 July 2018, 08:52 AM

Good article. Thanks.
As it stands right now I'm planning on retirement at 62. I'm 51 now.

123Blueface · 18 July 2018, 09:33 AM

I guess I should feel blessed I have 3 months to go, at 59 1/2.
In fact, I do feel blessed.

bdex75 · 18 July 2018, 10:04 AM

I am 42 and pretty far ahead of my retirement goals. I am taking a chance with a career change (same field, different position with bigger upside) at the end of the year. We live well below our means and squirrel a lot of money away before it ever hits the check book.

My plan is to go full time until I am 55 and then part time until I am 67. Retire, take my pension and live on that until 70. Take my Social Security at 70 and draw off of my other investments as needed. Health insurance will be an issue but as long as I am working I have health insurance, STD, LTD and 401k match.

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GenevaFan · 18 July 2018, 02:31 PM

Quote:

Originally Posted by TC94

I like the concept in the article about semi-retirement. I’m scaling back a little at the end of this year at 57 with the idea of being half-time by age 60. Who knows how long I can work at half my normal hours and days. I could stay on till 65, give it all up at 63 or find that I enjoy the slower pace and work later than 65. Either way, it’s a great way to keep a group health insurance and disability policy affordable.

I’ve had colleagues quit at 58 and others work till 68 and beyond. I never thought to ask them about health insurance since I wasn’t near that age.

Retired at 55 with full medical and govt benefits. So blessed to be Canadian.

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rootbeer7 · 18 July 2018, 03:41 PM

I asked my ex-wife. She said no.

18 July 2018, 05:19 AM	#1
BNA/LION 2024 SubLV41 Pledge Member Join Date: May 2011 Real Name: Larry Location: San Diego, CA Watch: ROLEX Posts: 25,663	Is early retirement possible? A good article as there have been several "Retirement" threads here lately. https://www.marketwatch.com/story/is...ble-2018-07-11 "...According to SmartAsset’s analysis of U.S. Census Bureau data, the average retirement age in the United States is 63 years old. When you look at the average by state, it varies from a high of 65 to a low of 62, with New Englanders having the oldest average retirement age. Based on this data, early could be anytime before 62 or 65, depending on where you live..." Check out the Retirement Income Calculator at the bottom too. __________________ ✦ 28238 President DD 18K/YG ✦ 16610LN SS Sub ✦ 16613 18K/SS Serti ✦ 16550 Exp II Non-Rail Cream Dial ✦ Daytona C 116500 ✦ 126710 BLRO GMT-Master II ✦ NEXT-->? ⛳ Hole In One! 10/3/19 DMCC 5th hole, par 3, 168 yards w/ 4-Iron.

18 July 2018, 06:03 AM	#2
fskywalker 2024 Pledge Member Join Date: Aug 2014 Real Name: Francisco Location: San Juan, PR Watch: Is Ticking ! Posts: 25,183	Cool, thanks for sharing Sent from my iPhone using Tapatalk Pro __________________ Francisco ♛ 16610 / 116264 Ω 168.022 / 2535.80.00 / 310.30.42.50.01.002 / 210.90.42.20.01.001 Zenith 02.480.405 2FA security enabled

18 July 2018, 08:52 AM	#8
East Bay Rider "TRF" Member Join Date: Oct 2007 Real Name: Bill Location: East Bay RI Watch: GMT-II 16710LN Posts: 12,074	Good article. Thanks. As it stands right now I'm planning on retirement at 62. I'm 51 now. __________________ I bought a cheap watch from the crazy man Floating down canal It doesn't use numbers or moving hands It always just says "now" Now you may be thinking that I was had But this watch is never wrong And if I have trouble the warranty said Breathe In, Breathe Out, Move On J. Buffett Instagram: eastbayrider46

18 July 2018, 03:41 PM	#12
rootbeer7 2024 Pledge Member Join Date: Jan 2014 Location: london Posts: 6,157	I asked my ex-wife. She said no. __________________ @imrootbeer7

18 July 2018, 06:28 AM	#3
pallindrome "TRF" Member Join Date: Jun 2016 Location: Cupertino, CA Watch: Apple Watch 42mm Posts: 833	very good article. long term planning (assuming one lives the life expectancy of the average person) is indeed important and it starts from small daily actions - from avoiding the extra cup of coffee/drink to cutting down on that extra drive. The small actions add up to something especially towards retirement age.

18 July 2018, 07:18 AM	#4
MinMay Banned Join Date: Apr 2015 Location: United States Posts: 2,410	No advice on buying a 10K Rolex to appreciate 3K-5K in 30 years? No? :)

18 July 2018, 08:44 AM	#7
TC94 "TRF" Member Join Date: Mar 2017 Real Name: Varies Location: On a couch Watch: Me Posts: 381	I like the concept in the article about semi-retirement. I’m scaling back a little at the end of this year at 57 with the idea of being half-time by age 60. Who knows how long I can work at half my normal hours and days. I could stay on till 65, give it all up at 63 or find that I enjoy the slower pace and work later than 65. Either way, it’s a great way to keep a group health insurance and disability policy affordable. I’ve had colleagues quit at 58 and others work till 68 and beyond. I never thought to ask them about health insurance since I wasn’t near that age.

18 July 2018, 09:33 AM	#9
123Blueface "TRF" Member Join Date: Jun 2015 Location: USA Watch: All Posts: 5,316	I guess I should feel blessed I have 3 months to go, at 59 1/2. In fact, I do feel blessed.

18 July 2018, 10:04 AM	#10
bdex75 "TRF" Member Join Date: Jul 2011 Real Name: Brandon Location: Indianapolis Watch: my money vanish Posts: 8,506	I am 42 and pretty far ahead of my retirement goals. I am taking a chance with a career change (same field, different position with bigger upside) at the end of the year. We live well below our means and squirrel a lot of money away before it ever hits the check book. My plan is to go full time until I am 55 and then part time until I am 67. Retire, take my pension and live on that until 70. Take my Social Security at 70 and draw off of my other investments as needed. Health insurance will be an issue but as long as I am working I have health insurance, STD, LTD and 401k match. Sent from my iPhone using Tapatalk Pro

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