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Coffee Shop
Retirement
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<blockquote data-quote="504RP" data-source="post: 1691348" data-attributes="member: 40335"><p>Correct me if i am wrong and probably am but, all retirement is that when someone regardless of their age decides to for the most part quit work and live off of what money they have saved like ss benifit, 401k or pension plans etc....,</p><p></p><p>So unless you become disabled the earliest you could sigh up for ss is 62. Which i guess alot people count on when they are considering retirement. </p><p></p><p>Then health care is something else alot of people have to take into consideration when they decide to retire. The majority of people look to Medicare to cover that. I am not sure at what age you have to be eligible for Medicare coverage 65, 67 something like that ? Without some type of health care your at risk of losing everything you have at the time you end up in a hospital.</p><p></p><p>Had a friend who retired at 61 and thought he would be ok until he turned 62 so that he could sign up for ss. Had a stroke sitting in his recliner before he turned 62 ( Medicare seems like kicks in at 62 ) was in the hospital and rehab until he turned 62.</p><p></p><p>His medical bills were way more than he had in savings, Had to mortgage his home that was paid for in order to avoid losing his home.</p><p></p><p>What i am saying is I don't think you can retire whenever you want to. If you want to keep your home and some way to pay the bills untill you die.</p><p></p><p>Edward Jones is who alot of the guys I know who have retired use.</p><p></p><p>They all seem to be real happy with them.</p></blockquote><p></p>
[QUOTE="504RP, post: 1691348, member: 40335"] Correct me if i am wrong and probably am but, all retirement is that when someone regardless of their age decides to for the most part quit work and live off of what money they have saved like ss benifit, 401k or pension plans etc...., So unless you become disabled the earliest you could sigh up for ss is 62. Which i guess alot people count on when they are considering retirement. Then health care is something else alot of people have to take into consideration when they decide to retire. The majority of people look to Medicare to cover that. I am not sure at what age you have to be eligible for Medicare coverage 65, 67 something like that ? Without some type of health care your at risk of losing everything you have at the time you end up in a hospital. Had a friend who retired at 61 and thought he would be ok until he turned 62 so that he could sign up for ss. Had a stroke sitting in his recliner before he turned 62 ( Medicare seems like kicks in at 62 ) was in the hospital and rehab until he turned 62. His medical bills were way more than he had in savings, Had to mortgage his home that was paid for in order to avoid losing his home. What i am saying is I don't think you can retire whenever you want to. If you want to keep your home and some way to pay the bills untill you die. Edward Jones is who alot of the guys I know who have retired use. They all seem to be real happy with them. [/QUOTE]
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