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 - The Ferguson System Principal An implement cutting through the soil at a certain depth say eight inches requires a certain force or draft to pull it. Obviously that draft will increase if the implement runs deeper than eight inches, and decrease if it runs shallower. Why not use that draft fact to control the depth of work automatically? The draft forces are
... [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.
