The accountant says we can retire early. Woohoo!!!

[ultrarunner]

Two friends retired from ATT from reorganization and the one that opted for lifetime income for himself AND spouse didn’t go so well as his wife passed about a year later…

The other took the max and they lived a good retirement with lots of travel, hobbies, etc… between both of their social security his pension and her IRA

She took the lump and got hit hard when the market crashed but they were ok and then he passed and nearly 70 percent income went with him… quite a reversal.

He did have a little fun after so many took the package there was no one left with institutional knowledge… he came back as a consultant and enjoyed it.

 

[ericm979]

One thing I found out about retirement is that not only does health insurance cost increase far faster than inflation, but you get treated differently on a self funded plan than on one paid for by an employer.

The insurance company denies far more things. For my wife's recent cancer its like they auto-deny everything. She's had to fight with the insurance company while recovering from surgery. Also, some doctors won't take patients who have self funded insurance instead of through an employer. Possibly because of the denials.

This wasn't a thing a couple decades ago when we were both self employed and not getting insurance from one of our employers. I'll be able to get Medicare in a year or so but it'll be a number of years for her.

(BTW she's doing well)

 

[CloverKnollFarms]

I’m taking the view that fear and anxiety is really a prophetic view of one’s future where there is no God.

I can’t worry about all of the unknowns… what sort of life is that? And who am I to think I can control it?

 

[CalG]

I’m taking the view that fear and anxiety is really a prophetic view of one’s future where there is no God.

I can’t worry about all of the unknowns… what sort of life is that? And who am I to think I can control it?

The way it was presented to me,

"I didn't get myself into this life,
I'm not getting out on my own,
Why would I think I am in control during?"

 

[CloverKnollFarms]

I did have one of my fellow airline instructors over yesterday, to help me bottle honey... He is my same age, and still working for the company, and he said that our supervisors asked him to try to convince me to come back.

They offer us 5 years to come back, no questions, into our same positions. I hope to not use that provision

 

[Torvy]

I did have one of my fellow airline instructors over yesterday, to help me bottle honey... He is my same age, and still working for the company, and he said that our supervisors asked him to try to convince me to come back.

They offer us 5 years to come back, no questions, into our same positions. I hope to not use that provision

It's nice to have in your back pocket. I paid to keep my teacher's certificate, just in case.

 

[RSKY]

I am safe and secure in my retirement. My wife has a great state pension. I have a smaller pension and Social Security. We also have a substantial amount that we had invested and that we inherited.

For the reasons many of you have mentioned I have set up small accounts for the retirement of each of my grandchildren. They range in age from eighteen months to fifteen years. While our daughters are the main beneficiaries there are small sub accounts set up for each grand. These accounts are invested in a mutual fund that has earned more than 20% per year over the past ten years. If untouched by the time they are ready to retire this should have grown to a substantial amount. This is a high yield, higher risk mutual fund. When it takes a hit and loses money it usually makes it up in less than a month. The base money for these accounts comes from the sale of my mother's estate and my father in law's estate. So this is generational wealth being passed on. This would please both of those parents.

We are both seventy years old and our family histories predict that we will live to our late eighties to early nineties. So it will be at least twenty years before any of them can touch this money.

The only one who knows about this is the fifteen year old. I was setting up an investment account for her last Sunday and had to log into my account and she saw her name. So I had to explain that she couldn't touch this until we "kicked the bucket"!

In our case it is not the Last Testament and Will that matter. But who the beneficiaries of the retirement accounts are.

RSKY

 

[CloverKnollFarms]

I'll survive on honey and bees wax lip balm sales

 

[ultrarunner]

It's nice to have in your back pocket. I paid to keep my teacher's certificate, just in case.

Dad had lifetime credential K-12

He briefly taught High School years ago and valued having it...

 

[ultrarunner]

I am safe and secure in my retirement. My wife has a great state pension. I have a smaller pension and Social Security. We also have a substantial amount that we had invested and that we inherited.

For the reasons many of you have mentioned I have set up small accounts for the retirement of each of my grandchildren. They range in age from eighteen months to fifteen years. While our daughters are the main beneficiaries there are small sub accounts set up for each grand. These accounts are invested in a mutual fund that has earned more than 20% per year over the past ten years. If untouched by the time they are ready to retire this should have grown to a substantial amount. This is a high yield, higher risk mutual fund. When it takes a hit and loses money it usually makes it up in less than a month. The base money for these accounts comes from the sale of my mother's estate and my father in law's estate. So this is generational wealth being passed on. This would please both of those parents.

We are both seventy years old and our family histories predict that we will live to our late eighties to early nineties. So it will be at least twenty years before any of them can touch this money.

The only one who knows about this is the fifteen year old. I was setting up an investment account for her last Sunday and had to log into my account and she saw her name. So I had to explain that she couldn't touch this until we "kicked the bucket"!

In our case it is not the Last Testament and Will that matter. But who the beneficiaries of the retirement accounts are.

RSKY

I have nephews and nieces on my 403b but their parents said not a word to the kids...