11-24-2021, 08:43 AM
You bring a good point for those retiring before 65 or before whenever their SSN/ IRA and/or health care kicks in. That is after tax cash.
Most folks like my wife and I save virtually all our careers in 401K or IRAs. I’m almost 58 and looking at retiring at 64 as my kids will be out of undergrad college then. With the wife being younger she will work 3 years when I retire until 62. Unless I save enough cash between now and then…..for her to go earlier.
Retiring early has a big challenge called health care. It will take quite a bit of cash to pay health care premiums for a minimum of 4 years for us both if we hit our plan, even more if we go earlier.
I’d be interested to hear updates on your journey towards these last 6 months and if you need to alter your plans after.
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Most folks like my wife and I save virtually all our careers in 401K or IRAs. I’m almost 58 and looking at retiring at 64 as my kids will be out of undergrad college then. With the wife being younger she will work 3 years when I retire until 62. Unless I save enough cash between now and then…..for her to go earlier.
Retiring early has a big challenge called health care. It will take quite a bit of cash to pay health care premiums for a minimum of 4 years for us both if we hit our plan, even more if we go earlier.
I’d be interested to hear updates on your journey towards these last 6 months and if you need to alter your plans after.
Sent from my iPhone using Tapatalk