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