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18 February 2019, 12:57 AM | #61 |
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18 February 2019, 01:05 AM | #62 |
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Discussion for early retirees ....
Fortunately access health care is not something we have to worry about in Canada either. Kind of take it for granted; not that retirement is something I have contemplated. I am 40 with have a young family (1 yo and 4 yo) and I really want us to be set before I think about cutting income. I want the kids to experience the world, a variety of activities, people and places, and that takes plenty of coin. So I’m at the grindstone for the foreseeable future.
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18 February 2019, 01:54 AM | #63 |
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I retired last year at 63. Working on relocating to Malaysia. Great place for retirement.
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18 February 2019, 01:57 AM | #64 | |
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I retired in 50's and began investing more seriously in stocks, and becoming active on the internet. I am now in my late 60's and financially secure. But it depends on your aptitude and desires.
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18 February 2019, 06:50 AM | #65 | |
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I think your post highlights something many people take for granted - the status quo. You mentioned health care - that is one example. Tax, as in tax theory by governments, is another. Lastly, housing costs for the long term. What I have seen happen in past 10 years has thrown wrenches in some friends’ plans. Tax increases have eroded about 10% of their net income as tax theory on certain wealth levels is now in the crosshairs. Those on health plans for early retirees (here in US, before Medicare eligibility) have seen insurance costs rise nearly 50%. Last thing, their 20-year old $500K homes have seen unplanned maintenance costs soar to 30% of market value (water systems, roofs, septic/sewer). Yes $150K in repairs over past 10 years. I mention this because young families thinking of early retirement should find strategies now to protect their financial resources from unplanned large outlays. Sent from my iPhone using Tapatalk Pro
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18 February 2019, 07:34 AM | #66 |
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I retired seven years ago at 56. I have the least expensive Blue Cross health insurance policy available in Minnesota. Costs me $24,000 a year, and basically covers nothing, even though I and my spouse are incredibly healthy. Out of pocket expenses have to exceed $37,000 a year for it to kick in. Our health care system is a disaster.
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18 February 2019, 08:03 AM | #67 |
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Agreed.
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18 February 2019, 10:25 AM | #68 | |
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18 February 2019, 10:47 AM | #69 |
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18 February 2019, 11:48 AM | #70 |
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18 February 2019, 11:56 AM | #71 |
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The hospital rooms in Florida are amazing, first class, wonderful waiting rooms. The ones in Canada not so much. But people aren’t going into bankruptcy after a stay.
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18 February 2019, 03:00 PM | #72 |
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The healthcare system in the US seems so broken, surely it’s just a matter of time before someone develops a ‘disruptive’ business model to turn it on its head?
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18 February 2019, 03:07 PM | #73 |
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18 February 2019, 04:16 PM | #74 | |
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That is very true... I think this is pushing some of the housing construction boom in Florida and the other usual places....people just want new houses when they retire, so they don't have to pay for all that $hi7 that breaks or deteriorates on an old home. Get something new and forget about it.. |
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18 February 2019, 04:24 PM | #75 |
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Yes - once one retires it is better to find safer places to store wealth.
The value of real estate and tying up half a million (or more) in an asset that just keeps you dry & warm is counterintuitive. A condo on a Beach works just as well. The appreciation is certainly great, but will only be enjoyed by your heirs or trust directors. Sent from my iPhone using Tapatalk Pro
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18 February 2019, 07:28 PM | #76 | |
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Sir. This. I approach the end of my ER nurse career, and embark on a different path. I have 48 shifts left as an RN, plus however long it takes to get credentialed. After 20 years in emergency medicine EMT/RN, I won't mind my retirement career at the urgent care center. I'm glad you found your peace away from the lights and sirens. I won't miss it, either. |
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18 February 2019, 07:38 PM | #77 | |
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when you are about to join the national trust remember what the chief curator had to say a couple of weeks ago, i wouldnt join now because of all that. |
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18 February 2019, 07:58 PM | #78 |
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18 February 2019, 08:09 PM | #79 | |
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comparing apples to apples a birth in the UK (private with insurance) costs astronomically less than in the US with insurance. So you pay less and the outcomes are better. why does an epi pen cost $500 in the US and $12 in the UK? same product... if you dont use an NHS prescription its still only $63
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18 February 2019, 10:54 PM | #80 |
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18 February 2019, 10:56 PM | #81 | |
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18 February 2019, 10:59 PM | #82 |
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Joey I’m sure all the people you helped over the years are very thankful you and your skills were there for them.
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18 February 2019, 11:42 PM | #83 | |
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My plan covers me and my SO and costs $625/month. I have a $15k family deductible but certain basic visits and procedures (think mammogram or colonoscopy) are covered in full. I know that health insurance costs can vary state by state but I didn’t realize it could be that different! |
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19 February 2019, 12:08 AM | #84 |
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Working might be so stressful but retirement ain't fun at all .
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19 February 2019, 12:34 AM | #85 |
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19 February 2019, 12:58 AM | #86 |
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Wow, I cannot imagine why one would be bored in retirement. Granted, I hated my career and I am still busy raising two daughters but I honestly feel like there is less time in the day than when I was working.
Once word got out that I was retired, I have been recruited for a variety of volunteer community service positions. These keep me engaged as much as I want. Due to school age kids, my world travel dreams remain only partially fulfilled and I dream of the time a few years down the road when we can go vagabonding. I guess my imagination and wonder of the world will always be an impediment to boredom.
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19 February 2019, 01:00 AM | #87 | |
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Im 40 and am starting to plan for retirement so appreciate these njmbers guys. The healthcare component is what worries me the most. I have 1 side business and likely open another side business when i retire so I need to know how much I need to make to cover for everything. I should say Im palnning to retire out of corporate and just deal with my own money in my side business’. |
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19 February 2019, 01:03 AM | #88 |
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I feel as if people who 'must work' really have no hobbies and/or cannot enjoy themselves without keeping busy.
I have upwards of a dozen hobbies and can easily fill my days with any of those, plus cooking and going to the gym, for years and years. Life isnt about working or keeping busy, it's about enjoying the time you have on this planet. Go outside and stare at the trees for a bit. |
19 February 2019, 01:05 AM | #89 |
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keep the mind occupied whatever you do,
i am never retiring, even if i was able to, i was speaking to a customer of 95 years of age who had only recently retired, he had been a courier driver since he tried to retire at age 75, he told me its all about the mind, you let that go, and its goodnight vienna. His frustation now at age 95 was people not taking him seriously when he rang up enquiring about jobs. It really was amazing talking to this man who knew all about the nazi's as he had served in ww2, his mind was pretty much like the average 75 year old mind. |
19 February 2019, 01:14 AM | #90 | |
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