Posted by big fred on September 14, 2010 at 20:58:24 from (97.113.180.187):
In Reply to: retire posted by larry@stinescorner on September 14, 2010 at 16:07:00:
I plan on retiring at 55 (another 16 months or so), but I've been contributing to my 401(k) since I started work, never been unemployed (knock wood) and have lived pretty frugally. As a defense industry engineer, I will be able to return as a contract employee or consultant if things turn south and I need income. The conventional wisdom at my work is that if you started here before age 25 and managed to avoid layoffs, it doesn't really pay to retire later than 55.
I wish you the best of luck in making this decision. It ain't an easy decision to make, that's for sure.
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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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