I'm 66, turning 67 in August, still working. Wife is still working, will turn 65 on June 30.
I've never considered a "break even" point on SS in any of my analyses of when to retire. I'm not fretting about outwitting the government actuaries. The only way to beat them is by dying before the break even point.... and then I won't care if I've left any money on the table or not. It's only been the last 5 years that I've started to hone in on any kind of "retirement date" with detailed projections. My calculations have been based on maintaining 90% of our pre-retirement income which will give us enough cash to live comfortably and buy premium supplemental health care (coupled with Medicare). We will reach that point this summer.
We'll be filing for her Medicare and retirement next week to start July 1st. I'm going to file to start collecting SS in August. We'll make our last "drive into work" sometime in July. We're thinking of a July 7 "exit date" as that's our wedding anniversary.
Our health is good and we would probably have worked longer in our "careers" but they have turned into "jobs" where our bosses micro-manage us like we're fresh faced kids, have no respect for our experiences and we've decided to "get out".
We've been lucky to be able to recover from the last recession in which we lost 40% of our retirement savings. I would have hated to be someone trying to retire in 2009. :(
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.