Government Efficiency
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@Doctor-Phibes said in Government Efficiency:
@Jolly said in Government Efficiency:
@Doctor-Phibes said in Government Efficiency:
To be honest, the main reason I'm planning on working until I'm 65 rather than 62 is health insurance. I have a friend who retired at 62 and spends 6 months in Florida, the other 6 on The Cape, and most of his spare money seems to go on either health insurance or drinks with umbrellas in them.
If you're in the U.S., check out the government plans. The premiums might be exorbitant ($1100/ month or so), but if the wife has access to insurance, it may be worth it. Depends on how bad you wish to retire.
Thanks - I'll have to wait and see how I feel - I hit the rule of 85 at age 65 with my company pension, so there's an added incentive...
A lot of it depends on how you feel and whether you want to keep working. Word to the wise: If you are in good health and don't have something to keep you as busy as you are at your job, you may not enjoy retirement as much as you think you will.
@Jolly said in Government Efficiency:
@Doctor-Phibes said in Government Efficiency:
@Jolly said in Government Efficiency:
@Doctor-Phibes said in Government Efficiency:
To be honest, the main reason I'm planning on working until I'm 65 rather than 62 is health insurance. I have a friend who retired at 62 and spends 6 months in Florida, the other 6 on The Cape, and most of his spare money seems to go on either health insurance or drinks with umbrellas in them.
If you're in the U.S., check out the government plans. The premiums might be exorbitant ($1100/ month or so), but if the wife has access to insurance, it may be worth it. Depends on how bad you wish to retire.
Thanks - I'll have to wait and see how I feel - I hit the rule of 85 at age 65 with my company pension, so there's an added incentive...
A lot of it depends on how you feel and whether you want to keep working. Word to the wise: If you are in good health and don't have something to keep you as busy as you are at your job, you may not enjoy retirement as much as you think you will.
I think I'll get a job of some sort, either paid or unpaid. Just not the one I'm doing.
A good friend of mine in Wales retired in his mid-50's and now works for a miner's charity. They give him a salary, but nothing spectacular, and he absolutely loves it - he works a couple of days a week, does their accounts as well as odd jobs. He made a ton of money at his job, but the stress was pretty excessive. I make less and have less stress, but still too much.
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I went from running a clinical lab to working as a retirement counselor for state, parish and city government employees and elected officials. Made less money, but worked from my home office and called on people in nine parishes (including almost all of the state prisons).
Had a blast.
Do something different. It's fun!
I have a friend who is a retired accountant, that went to work as counter help at a large sporting good store and now runs their range, along with their sponsored shooting competitions. Talk about different.
It's all good.
