Reply to Help me figure out the cost of "early" retirement

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Does your pension include health care or; alternatively, does your DH have decent coverage you could use?  That would be one easy cost to determine.

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Yes, retirees are able to keep their health insurance at the same rate - so I currently pay $228 a paycheck for family coverage.  DH's employers have traditionally had more expensive plans.  [b]When I'm 65 I have to enroll in Medicare and my employer coverage becomes secondary[/b].[/quote]

Why would you have both? Pick one and save money.

I am a fed and our benefit calculation is pretty similar to yours (except you get a lot more). I am 59 and was thinking about retiring this year but if we retire before 62, we don't get COLA adjustment until 62. As the inflation is expected to stay high into next year as a minimum, I couldn't walk away. [/quote]

Thank you!  My date is still 5+ years away but I'm trying to get a sense of whether it's responsible or not.  I can definitely see deciding to stick it out because of inflation. I like my job but I dream of not being here too.[/quote]

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