Posted by George Marsh on September 14, 2010 at 18:19:21 from (71.127.16.203):
In Reply to: retire posted by larry@stinescorner on September 14, 2010 at 16:07:00:
I retired at 55. Had everything paid for, no debt. Had over 400K in 401k and 3k/mo in other investments. Make more retired than when I was working. Pay more in taxes too. If you can't maintain your income lever, don't retire. Inflation will catch up with you and you won't be happy. My brother found that out! In 12-15 years from now everything will cost twice as much. Try to live on just what you will make in a pension for a year and see how happy you are. Pay off all your debts too.
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