At what age do you plan to retire?

[Anonymous]

Anonymous wrote:

Anonymous wrote:The age I am when I die

mmm, good thing my parents weren't counting on this. My mom is now pretty much disabled with mobility issues and some cognitive issues and a substance abuse problem-- she could not work if she wanted to be working.

my dad as well is physically mobile but his vision and hearing is going, and he had a whole bunch of physical ailments in the past year plus some medical scares. If he was trying to work it would be pretty much impossible for what he was doing before.

you are counting on working until you die but you may face many years of physical/mental problems that preclude you from working.

Hey, I didn't say it was a GREAT plan. When my body/mind goes my lack of a paycheck will be the least of my worries. Don't worry, I don't think I'll linger for long.

[Anonymous]

At what age would you like to retire?
How old will your kids be?
Would you voluntarily retire later to earn extra money to help your kids pay for college? Grad school? A wedding?
If your mortgage and childcare expenses are paid off by the time you retire, how much (or what percentage of your current income) will you need when you retire per year?

1. Like to retire? at 50. Will retire, probably 72. We are both physically fit and come from families who live a long time, so we are prepared to live well into our 90s...maybe even top 100.
2. We had our kids young, so they will be done with college by the time we are in our mid-50s. We already have 250K for both boys to split, the rest is on them. No need to give more than a few grand for a wedding.
3. Probably 30%

[Anonymous]

Anonymous wrote:At what age would you like to retire?
How old will your kids be?
Would you voluntarily retire later to earn extra money to help your kids pay for college? Grad school? A wedding?
If your mortgage and childcare expenses are paid off by the time you retire, how much (or what percentage of your current income) will you need when you retire per year?

1. Like to retire? at 50. Will retire, probably 72. We are both physically fit and come from families who live a long time, so we are prepared to live well into our 90s...maybe even top 100.
2. We had our kids young, so they will be done with college by the time we are in our mid-50s. We already have 250K for both boys to split, the rest is on them. No need to give more than a few grand for a wedding.
3. Probably 30%

Sorry, when I am 72 and I retire, my kids will be 44 & 42

[Anonymous]

I plan to stroke out at my desk at 70.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The age I am when I die

mmm, good thing my parents weren't counting on this. My mom is now pretty much disabled with mobility issues and some cognitive issues and a substance abuse problem-- she could not work if she wanted to be working.

my dad as well is physically mobile but his vision and hearing is going, and he had a whole bunch of physical ailments in the past year plus some medical scares. If he was trying to work it would be pretty much impossible for what he was doing before.

you are counting on working until you die but you may face many years of physical/mental problems that preclude you from working.

There is bad luck and there are bad decisions.

[Anonymous]

We're saving plenty but full retirement just doesn't sound very satisfying to me right now. I work part-time at a paid job and do a lot of volunteering in the community and with the kids and it seems like a balance I could keep up with forever as long as my health permits.

My sister, in contrast, hates her job but makes a lot of money and is just going to push on through and retire as early as humanly possible and then start enjoying life. Two different options.

[Anonymous]

Anonymous wrote:We're saving plenty but full retirement just doesn't sound very satisfying to me right now. I work part-time at a paid job and do a lot of volunteering in the community and with the kids and it seems like a balance I could keep up with forever as long as my health permits.

My sister, in contrast, hates her job but makes a lot of money and is just going to push on through and retire as early as humanly possible and then start enjoying life. Two different options.

Have you ever worked full time since having kids? I've worked full time for 23 years (my oldest child is 14) and though I don't hate my job by any stretch, I'll be more than ready to have more free time by age 62.

[Anonymous]

My husband will retire at 55 (Fed mandatory for his job). I work part-time.

We are 46, so we have 9 more years. Our kids will be 32, 29, 28, 26, and 21.

I doubt we will just stop. I think my DH will take on some contract work and I'll continue to work part-time.

We moved to our retirement location about three years ago. We are already setting the stage!

[Anonymous]

Why is everyone so confident they're going to live that long? These plans and numbers are just so specific

[Anonymous]

Anonymous wrote:My husband will retire at 55 (Fed mandatory for his job). I work part-time.

We are 46, so we have 9 more years. Our kids will be 32, 29, 28, 26, and 21.

I doubt we will just stop. I think my DH will take on some contract work and I'll continue to work part-time.

We moved to our retirement location about three years ago. We are already setting the stage!

You had a kid when you were 14?

[Anonymous]

Anonymous wrote:Why is everyone so confident they're going to live that long? These plans and numbers are just so specific

Even more reason to hurry up and get $5 million in the bank so you can retire early! My grandmother lived to be 84. That's the life expectancy I'm shooting for.

[Anonymous]

Kids are expected to fund grad school and their weddings.

I plan to kick in some money for both, but they are not aware of my plans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My husband will retire at 55 (Fed mandatory for his job). I work part-time.

We are 46, so we have 9 more years. Our kids will be 32, 29, 28, 26, and 21.

I doubt we will just stop. I think my DH will take on some contract work and I'll continue to work part-time.

We moved to our retirement location about three years ago. We are already setting the stage!

You had a kid when you were 14?

No, she married a guy who had a kid when she was 14.

[Anonymous]

Anonymous wrote:Why is everyone so confident they're going to live that long? These plans and numbers are just so specific

Ok, I plan to stroke out at my desk at 65.

[Anonymous]

I don't think I'll ever want to retire. My work keeps me young. I do think I'll scale back my work by age 70 though.