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 - 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
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