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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