All Hokie, All the Time. Period. Presented by

The Lounge Board

VTNuke

Joined: 01/18/2001 Posts: 7048
Likes: 4422

What's this?

If someone is worried about $300 a month when they're 95 compared to what


you could be doing with that $700 a month between the ages of 62 and 67, okay, I guess you're right for your situation. I'd rather have the larger amount when I'm still young enough to enjoy it. I would also say if you factored in not touching your other money for those 5 years, your growth could easily make up for that $300 or whatever that amount ends up being.

Plus, as many have stated, SS is not going to be in good shape in the next 13 years. I wouldn't put too much trust it will still be here in 2040, or be there at the same rates of return.

(In response to this post by statmanfromHCyrs)

Posted: 03/18/2021 at 11:00AM


+1

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


75
Hide This

Current Thread:
 
  Lounge Question: How much $$ is enough to retire (early), in your opinion? -- WestyHokie 03/18/2021 09:57AM
  Thank you for the replies... looking for general $$$, know factors vary -- WestyHokie 03/18/2021 11:57AM
  Another thought is how $ is structured... I have been adding div stocks -- turkeywinghokie 03/18/2021 11:37AM
  Net worth? Id recommend deriving that from how much you need/month. -- ColoVT82 03/18/2021 10:40AM
  It depends on how your money is structured as well -- VTNuke 03/18/2021 10:32AM
  SS at 62? Will get a lot more if you wait ** -- statmanfromHCyrs 03/18/2021 10:22AM
  My "Plan A" is to retire at 62 -- Hokie Fiji 03/18/2021 11:39AM
  As 90 says, if it's there. Currently fully funded through 2034 -- Burke Hokie 03/18/2021 10:52AM
  Burke...I probably have less wisdom (smarts) than anyone on the board -- HokiesBill48 03/18/2021 12:12PM
  +1 for use of "vacillate" ** -- MP4VT2004 03/18/2021 11:29AM
  I think it will be there in some form for some people ... -- vt90 03/18/2021 10:55AM
  If nothing else, think of it this way -- Tafkam Hokie 03/18/2021 12:39PM
  ^This^ Big time -- Hokerer 03/18/2021 11:38AM
  Let's look at that situation. -- VTNuke 03/18/2021 10:43AM
  Believe your SS draw at 62 is limited by your income -- LaneRat 03/19/2021 08:59AM
  I'm 62. Are you suggesting I should be drawing SS now? I plan to work -- Brown Water 03/18/2021 11:05AM
  Wait as long as you can to draw. ** -- GreenvilleVT 03/18/2021 11:52AM
  I would. Especially if you're still working. Invest that money & it will -- VTNuke 03/18/2021 11:11AM
  Taxes is the main wildcard ** -- turkeywinghokie 03/18/2021 11:28AM
  Thanks Nuke ** -- Brown Water 03/18/2021 11:13AM
  Full retirement is 67 for anyone born after 1960 ** -- statmanfromHCyrs 03/18/2021 10:50AM
  Kind of what I figured, take it somewhat early because at some point -- HortHokie 03/18/2021 10:49AM
  I am hoping to retire at 58 or 59 and aiming for $3.5M. -- vt90 03/18/2021 10:17AM
  Any kind of pension plan? -- HortHokie 03/18/2021 10:14AM
  Yes but prob will lump sum ** -- WestyHokie 03/18/2021 11:54AM
  Social Security should cover me nicely, thank you very much ** -- JoesterVT 03/18/2021 10:12AM
  Nothing will eat up your wealth like an unexpected health crisis ** -- BayHokie 03/18/2021 10:12AM
  Without Mrs Vippie? -- Vippie1 03/18/2021 10:09AM
  LOL. Truth. ** -- reestuart 03/18/2021 10:52AM
  Enough to live on the interest and dividends. -- Hokie CPA 03/18/2021 10:06AM
  About tree-fiddy. ** -- hoosnowahokie 03/18/2021 10:02AM
  I'm 40 and would need about 2.5 M to retire at 59.5 -- typed by ben 03/18/2021 10:00AM
  And you’re a Man!! ** -- TexasGobbler 03/18/2021 10:05AM
  Dang forgot that part ** -- typed by ben 03/18/2021 10:07AM
  $2M ** -- OXVT 03/18/2021 09:59AM

Tech Sideline is Presented By:

Our Sponsors








vm307