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Reply to "How much to retire in late 50's?"
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[quote=Anonymous]My DH retired from full time at 60 but a year before he retired he started working on a plan to work part time with his company at a salary that would cover our overhead, or about 50% of his old salary. This enabled him to maintain his health insurance before going on Medicare at 65. During that period our assets were able to grow untouched and when he reached 65 his pension kicked in. He is now fully retired....or almost....and we won't collect SS until we can get the maximum amount at around age 70. With pensions and SS we should be fine living on 4-5% of our net worth which seems to be the magic number. As we have eased into retirement we did see our spending increase due to more travel and leisure spending but we did factor it in upfront. [/quote]
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