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20 February 2019, 05:09 AM | #121 |
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When I was a student back in the 80s, I was on an exchange programme with a US university. I was injured quite badly on the sports field, blood streaming from my head, semi conscious. I was rushed to the hospital in a police car as it was the easiest at the time apparently. As I was only semi conscious I was totally unaware of what was happening! I came to on a trolley being wheeled into the hospital. All I remember was the doctor leaning over me repeatedly asking if I had insurance. It took me a while to process what he was saying. One of my team mates who came with me answered yes for me. I’m pretty sure he’d have kicked me outside if I had no insurance! Shocking feeling to a European!
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20 February 2019, 05:29 AM | #122 | |
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20 February 2019, 06:29 AM | #123 | |
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20 February 2019, 06:36 AM | #124 |
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Buddy, our country is one of the best in the world in terms of healthcare and social security. One of the reasons why I'll never wish to immigrate. Grass is not always greener on the other side.
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20 February 2019, 07:36 AM | #125 |
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Discussion for early retirees ....
I’m guessing the last dozen or so rants on healthcare are a good barometer for the OP - who, by the way, was focused on retiring early. Not the socio-political controversy about medical coverages.
So for the OP As you can see, one major item that will not remain “status quo” will be healthcare costs. Sent from my iPhone using Tapatalk Pro
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20 February 2019, 11:58 AM | #126 |
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I retired at 58, which isn't all that early, but what I learned in the time that I have been retired is that the activities that you engage in are immaterial, as long as those activities provide the following, beyond the basics of food, clothing, and shelter:
Structure Social interaction Personal challenge Exercise Fun I feel that any set of activities that provide those functions will lead to a satisfying existence. The list can be expanded or made more granular and that's fine. It's your life. Enjoy it.
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20 February 2019, 12:18 PM | #127 | |
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Grady: I do like your formula, worthy of borrowing to facilitate my gradual return to a straighter, more wholistic road from the left turn fate handed me. Thank you, DM
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20 February 2019, 12:27 PM | #128 |
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When I retire I'm going to be the crotchety old guy at Home Depot/B&Q/Bunnings <insert your favorite DIY Chain here> who snaps at you when you ask where the ballcock shank washers are kept.
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20 February 2019, 12:27 PM | #129 | |
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Well said brother |
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20 February 2019, 12:30 PM | #130 |
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Thank you!
Good luck on your journey!
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20 February 2019, 03:47 PM | #131 | |
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22 February 2019, 04:49 PM | #132 |
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Retiring early is good if you do have interests you would want to persue, if not , it gets boring?
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22 February 2019, 05:01 PM | #133 | |
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so lets get this straight, you have a property you own outright, and 16 years worth of money in the bank. Try and be a bit more optimistic. |
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22 February 2019, 05:30 PM | #134 | |
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Don't forget that in many other countries people have much less and survive Anyway, enjoy your life.
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Ta-dah! "The best things in life aren't things" |
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23 February 2019, 12:26 AM | #135 |
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A couple of helpful calculators for those considering early retirement. The 2nd one which gives you a Rich, Broke or Dead? calculation can help put things in perspective.
https://www.firecalc.com/ https://engaging-data.com/will-money-last-retire-early/
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24 February 2019, 02:14 AM | #136 |
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A friend of mine had cancer last year. And he fought it off... but he told me his 1 month hospital stay was $750k.
Another friend he makes about 700k per year. His wife is sick and he told me even with cigna, he has eaten up into his savings pretty aggressively. These are the things that frighten me from actually retiring fully. |
24 February 2019, 02:40 AM | #137 | |
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I’m truly sorry to hear about your friend and I hope the cancer is gone for good. |
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24 February 2019, 02:43 AM | #138 |
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I’m just curious ... what happens if you can’t afford health care?
Is there a system in place to help those who can’t afford it? |
24 February 2019, 03:54 AM | #139 |
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24 February 2019, 04:04 AM | #140 |
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I'm approaching 50yrs old in Nov and can retire if I choose. I'm fortunate to be in a profession that provides a pension so income will continue as usual. When I consider that I will get paid the same net amount when retired as I do working full time, I really can't justify staying any longer. That and I've been given an opportunity to do something completely different on top of it.
I will admit, though, that I'm a bit scared to leave my current profession as I've done it my whole life. Interesting topic and I've enjoyed hearing from others already retired. It seems ones personality really is what dictates whether they need to keep working after they are financially able. |
24 February 2019, 04:23 AM | #141 | |
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These are the things that remind me that life is short and there's no point in spending all of it working. |
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24 February 2019, 04:27 AM | #142 |
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24 February 2019, 05:15 AM | #143 |
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Been an interesting thread this to follow.
My Dad retired at around 54-55 i think and is 82 this year. My Mam died 13 years ago which was a massive blow to him, to us all really. They had some nice plans ahead of them We did worry about how he would cope without her. Considering he had never been in a supermarket! In fact on his first trip into the world of food shopping in probably 50 years, he went to the customer service desk and handed the lady his list. But he has done really well. The trip to McDonalds drive through with the Grandkids is another legendary family story and is probably still used by McD's as a training tape. Always been fit and active, really only this past year he has slowed down a little. Hung up his guns last year, but still has a walk around the fields most days just to check them. Thermos Flash of tea and his lunch in his bag. Saying that i caught him last month loading 3ft diameter beech logs into the back of his land cruiser using a little ramp and pulley he had made. I struggled to lift them, was like Dad really. Loves chopping his own firewood, to the point my son and myself have to nip in quick to sort the heavy work out. We processed around 12 ton for him, but he insisted on carrying his fair share to the wood store and stacking it. Loves carving walking sticks and has a great workshop for that. Anyways his mantra for retirement was, put away enough money so that your lifestyle goes up rather than down upon retirement. Then put a little more away for the just in case times. Live life to the full, be social, active and keep your mind engaged. Oh and enjoy a good glass of Malt in front of the fire thats burning the wood you cut yourself. Last edited by BisonHead; 24 February 2019 at 05:17 AM.. Reason: spelling |
24 February 2019, 05:43 AM | #144 |
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its all very well talking about retiring, but you need mountains of money to do this,
what if you live to 90 and you retired at 60, i say unless you are loaded, keep working. |
24 February 2019, 05:50 AM | #145 | |
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True. This is why I choose a job with a pension. I make much less than many people here I’m sure but at least I know the money keeps coming when I stop working. This watch game is making me crazy |
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24 February 2019, 06:38 AM | #146 | |
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Air ambulance costs have been the subject of legislation attempts in North Dakota. Efforts to cap bills have failed. One example cited in the discussion was a person who's air ambulance bill from Florida to North Dakota was $530,000. The person is on the hook for the bill, as insurance will generally only cover the cost of ground transportation to the closest hospital. |
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24 February 2019, 09:35 AM | #147 |
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it doesnt sound like the country i was told that it was
it seems like people are being subjected to a racket. This is how it comes across, 'so i worked my guts out all my life, paid my dues, played by the rules, managed to make a few dollars despite all the shi*, but i got ill, and using an air ambulance bankrupted me in the space of a few hours. Bloody hell. |
24 February 2019, 09:46 AM | #148 | |
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24 February 2019, 10:12 AM | #149 | |
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24 February 2019, 03:36 PM | #150 |
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well yes i own my home but 16 years worth of USING money with not much income plus the last 2 years of my wife life ...hospital bills....pills...doctors used up a good deal of our nest egg.....The old saying holds true as long as you have your health you have everything....when you have muti health issue like me and my wife did ....20 million wont do me/us much good.
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