tag:blogger.com,1999:blog-626594980028435818.post5352296817319683558..comments2024-03-28T18:11:40.841-04:00Comments on Sightings Over Sixty: 8 Questions About RetirementTomhttp://www.blogger.com/profile/08611148987085476580noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-626594980028435818.post-29552438701895602742017-08-20T11:07:52.466-04:002017-08-20T11:07:52.466-04:00Hubs forced out of the employment he knew at about...Hubs forced out of the employment he knew at about 65 or so..I am 7 months younger, got a fed pension and he gets union and social security and I do toooo..we live in the home we got about 39 years ago..It needs work, taxes okay, maintenance wish we did it all along, a child only one we have been putting thru school and helping out..She will never buy a home, never saves anything and not married her preference lives in NYC and gets by...we feel we will live til God knows when..His mom lived to nearly 87 his dad only 74 full of cancer he was a drunk and no husband or father..His mom thought it better to still keep married even though her kids starved and begged her to divorce him she did not, he was never ever around and died young, siblings one died of aids and another as a baby, sister 17 years older than my hubs lived into her 80's..My mom died young of cancer raised without her and it was a hell on earth and now I know there is no hell I already experienced it..We have been married 43 almost 44 years..No one knows when one will leave this terrestrial I don't think one really knows what is after this life, I say be happy, love deeply and let hate and terrible thoughts go by the wayside as life is truly short..enjoy your column, peace out!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-2218636824856988522017-08-19T19:50:44.875-04:002017-08-19T19:50:44.875-04:00This is great information. When my husband and I d...This is great information. When my husband and I did our financial planning for our retirement, we didn't even factor in Social Security. We figured that if it was there for us, great. If not, we'll be fine.<br /><br />I am amazed at how many people pick what they think is a big number (even "one million dollars" isn't that big anymore... hasn't been for a while), then say that they will retire when they get there. There needs to be so much more going into that decision.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-57746406337801479092017-08-19T03:15:32.460-04:002017-08-19T03:15:32.460-04:00Good advice. I figure at least 100 years life spa...Good advice. I figure at least 100 years life span has been a good round number for planning, but don't discount the possibility 110 to 120 might be in the offing. Those of you in generations coming after me better think of over 100. I did continue working part time 'til I was about 78, but might have stopped sooner had my husband still been living with his health such we could have traveled m U.S. as we once thought would be how we'd spend these years -- we enjoyed driving travels, wanted to travel north of our U.S. border. I highly recommend retirees make the most of their years with activity in the decade after 65 (and before if you retire earlier) because ages 75 to 80 for many older people can begin to see a decrease in stamina and/or, for some, increasing health needs -- but maybe you'll be the ones who are "fit as a fiddle" all your years. joaredhttps://www.blogger.com/profile/09999395062839739698noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-29589705994580808562017-08-18T21:42:18.446-04:002017-08-18T21:42:18.446-04:00Medicare is complicated, no doubt, but you can fin...Medicare is complicated, no doubt, but you can find out a lot of info. on the website, and there are health insurance agents that can be helpful as well. Anon. . . may your uncle live to be 100, and may he also enjoy the ride! Personally, I'm a little skeptical about long-term-care insurance; but I got it anyway, because B insisted . . . and who can blame her? I'll be doing a post on LTC in the near future.Tomhttps://www.blogger.com/profile/08611148987085476580noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-49261711782932948652017-08-18T16:53:57.032-04:002017-08-18T16:53:57.032-04:00Hi Tom,
Always waiting for your new insights o...Hi Tom,<br /> Always waiting for your new insights or your self discovery's. I'm 68 and still working part time in a job I love with good people. Will continue to work until I'm 70 God willing. Started collecting my pension at 65 and S.S. at 66. Will start MRD either at 70 or wait until my first day of work in the new year after I have turned 70. My S.S. and pension will more then cover my expenses as they are now with all debt payed off and major house expenses taken care of this year. New roof and new heating and cooling system payed off this year. Plan to stay in place. Wife is 5 years younger and my job covers her health care. She will also have a pension and S.S. plus as do I a 403b account. The big question for us is the medicare supplement choices. I've always been self directed regarding investments. My basic instinct is I will need professional assistance on this most important question. Hope you will elaborate in the future an the merits and or the shortfull's of supplemental health insurance. Perhaps web sites that can help break down the pluses and minuses. Thanks for the blog, Al scapaflohttps://www.blogger.com/profile/09948675733683017113noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-47292127251419041762017-08-18T15:08:52.182-04:002017-08-18T15:08:52.182-04:00Tom - I thought about you when I drove past Buckne...Tom - I thought about you when I drove past Bucknell University this past Sunday on my way to celebrate my last living uncle's 90th birthday in Lewisburg, PA. He drove to his party and looks like he will live to be 100. - plynjynAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-55863576515073407162017-08-18T00:45:34.151-04:002017-08-18T00:45:34.151-04:00My father died at 56 but my mother, and four of he...My father died at 56 but my mother, and four of her siblings, lived well into their 90s. I have survived 2 bouts with cancer (different kinds no less) so I have no idea what to expect in life expectancy. Every day is a plus.<br />I moved out of an old house which was always on the verge of another expensive repair into a 'senior' apartment in a small walk-able community. This will be a good move but it's taking a while to feel like home.<br />I have my social security but no pension just some moderate savings. Because of my health issues, I paid exorbitant amounts to maintain health insurance coverage until I could get to Medicare. That affected my ability to save for retirement. I worry a lot about outliving my money. I am frugal but I have to draw from my savings each month for living expenses. I have expensive dental issues looming and I need new glasses. I'm 68 and I worry a lot. -joan Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-63506319675303818042017-08-17T21:43:21.046-04:002017-08-17T21:43:21.046-04:00My wife is retiring in October so I found this pos...My wife is retiring in October so I found this post wonderfully educational.stephen Hayeshttps://www.blogger.com/profile/17659054447637207734noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-46679226343428109132017-08-17T21:04:14.840-04:002017-08-17T21:04:14.840-04:00Good ideas to think about. It's good to think...Good ideas to think about. It's good to think about living to 100, but that's pretty rare. I'm a pretty big on long term care insurance if you can afford it as then you have some breathing room if you have to make any sudden decisions. Thanks for these thoughts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-42877983882954407832017-08-17T20:52:42.569-04:002017-08-17T20:52:42.569-04:00I tend to be a "but what happens if" typ...I tend to be a "but what happens if" type of person. Hubby has a good federal pension now, but who knows if that will change in the next twenty years? Same thing with my small state pensions? I give myself permission to worry about once a month. Our goal, right now, is to live normally, but continue to save. Hubby plans to be at least 100 (his parents passed at 80 and 81). My dad passed at 75, but I favor my mom and she is still alive and kicking at 87 and has two sisters older then her Who knows.<br />We, too. are hanging our heads in shame with no current will or health directives (but we have discussed our wishes with the kids). Last will----1986 in Kansas. Janettehttps://www.blogger.com/profile/10054888725603183006noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-49917848664397355132017-08-17T19:48:02.866-04:002017-08-17T19:48:02.866-04:00Hi Tom! Really good information. My husband wil...Hi Tom! Really good information. My husband will be hitting 65 a year from now and there are lots of things to think about. And as you might expect, I think it is extremely SMART to plan ahead. Thanks for the heads up. ~KathyKathy @ SMART Living 365.comhttp://smartliving365.comnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-66339554200552520782017-08-17T19:19:58.140-04:002017-08-17T19:19:58.140-04:00B will probably live to 100 or beyond.B will probably live to 100 or beyond.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-43297724580441127232017-08-17T11:20:23.141-04:002017-08-17T11:20:23.141-04:00Great retirement advice. As always.
Thanks for tha...Great retirement advice. As always.<br />Thanks for that info about the will. Since DH and I don't know which state we will retire in, that was a valuable piece of information.RI1https://www.blogger.com/profile/02264222598358180536noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-6022153494032037552017-08-17T10:27:10.336-04:002017-08-17T10:27:10.336-04:00DH and I have been retired for 8 and 6 years now. ...DH and I have been retired for 8 and 6 years now. And we too have been able to live pretty much as we always have... as far as everyday life goes. We can meet our expenses as long as nothing too much unexpected happens. But living on a "fixed income" with no real way to add to it, is a little daunting. We cannot do too much traveling (which isn't a big issue for us). But house maintenance (house is 32 years old) can cause unexpected expense and must be dealt with. We have retired "in place" and are happy with it for the time being. At some point this may change, but hasn't yet. If I had to give any retirement advice, it would probably be to be sure you have medicare and a medicare supplement in place. Rianhttps://www.blogger.com/profile/09472421271620543536noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-84400992623709013192017-08-17T10:11:58.771-04:002017-08-17T10:11:58.771-04:00Great reminders and I would also caution people to...Great reminders and I would also caution people to remember that many times if you did your will and other legal documents in a different state than the one you now live in they may not be valid. Our Georgia ones aren't valid in California. Heading to Legal Zoom soon to fix that! We also think planning to live to 100+ is quite reasonable for the average healthy person these days - and even some who aren't so healthy. My FIL has smoked heavily since he was 15 and had some serious health problems related to that but is still going strong at 90. I do think the largest financial problem with knowing we could live so long is how to fund the kind of everyday care we may need in the last decade. Lots to think about, do the best you can and then get on with enjoying the life you have now.Juhlihttps://www.blogger.com/profile/14440147890620303894noreply@blogger.comtag:blogger.com,1999:blog-626594980028435818.post-80595135522036250092017-08-17T08:50:46.850-04:002017-08-17T08:50:46.850-04:00I do feel grateful that I have two payments deposi...I do feel grateful that I have two payments deposited into my bank account every month: my Social Security and my annuities. It's enough to cover expenses but not make me rich. I volunteer my time to help people write their Advance Directives here in Washington state, and it's a very fulfilling task. I've been retired for almost ten years now and we did move from our home and love the Pacific Northwest. :-)DJanhttps://www.blogger.com/profile/07152183871573797791noreply@blogger.com