Started by Cassia, November 23, 2020, 02:09:40 PM
Quote from: Cassia on November 23, 2020, 02:09:40 PMGreat resource if you are interested in knowing how it will probably end for youhttps://engaging-data.com/will-money-last-retire-early/My chart has me dead before I go broke....makes me so fucking happy.
Quote from: GSOgymrat on November 23, 2020, 03:27:41 PMFunny you should bring this up. My husband told me two weeks ago he is retiring in July at age 59 1/2. His financial advisor calculated his life expectancy to be 94 and mine to be 97. Apparently, in July he will have access to enough money to maintain our current lifestyle. They estimate at some point he will have more money to spend retired than when he was working full-time. The inheritance he will receive from his family's trust when his mother dies, which is substantial, isn't considered in this calculation. I need to keep working so we have health insurance, which is fine because I enjoy my job and intend to work for at least another ten years. I love that we have financial security but being married to someone who is retired is going to be a transition.
Quote from: drunkenshoe on November 24, 2020, 04:45:34 AMI'll be broke too. I'll be retiring at 52 offically. I've been working since 18. I have been paying my social security -the lowest one- directly to the state since I've gone freelance and the tax per book I translate. Publishing co cuts it. Then the money I will get monthly from the gov after the retirement will be a joke. The worst case, I've also learned a few years ago that single women have very little monthly income according to their father's or mother's retirement status after their death. (Or husbands.) If they don't have social security that is. But yeah, broke. And this is today's standards. Nobody knows what will happen in the next few years. And that uncertainty is darker than anything if you ask me. We have general health care connected to social security; mixed pbulic and private. Defined as universal...err...a special kind of one. LOL