I retired at 61-1/2 when my employer made me a buyout offer I couldn't refuse. I would have retired at 62 anyway, so it was an easy decision. 59 would have been a bit early for me, but if you're in a comfortable position with your investments, go for it. Don't be too conservative or aggressive with your investment portfolio. You'll probably be around for thirty years or more, which means a stock market crash like we had last year is no big deal. You're more likely to run out of money by being too conservative than too aggressive.
If possible, take your pension as a lump sum distribution rather than an annuity. With interest rates so low, you can almost certainly do better than the annuity payment by investing the lump sum yourself. And don't let your investment advisor convince you to invest your distribution in another annuity! Roll the lump sum distribution into an IRA and invest it in a 60 to 70 percent mix of stocks to bonds.
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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
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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