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Reply to "What is your "magic number" for retirement?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I want to go at Fed MRA of 57. Single earner HH for past 17 years. Pension + SS + rental income = $130k Target is $3+m in non-RE assets so I can draw an additional $120k. Mortgage will stretch another 5 years after age 57, but it is manageable. [b]Numbers would bump up significantly if I hung on until 62. [/b] But I don't think I can. And seems like $3 million will be enough, even plenty. [/quote] you are leaving a lot of money on the table. not only 10% bump but also no COLA for 5 years and lower pension for life time[/quote] On the other hand, they’re also getting five full years of time to do whatever they want with while they are as healthy as they will ever be. Money isn’t everything. If it is, they can always defer collecting the pension.[/quote] Yes you can quit today if you want. [/quote]
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