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Joined: 07/21/2015 Posts: 14796
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Your plan makes sense unless you get to the point

that medical problems start adding up and work becomes impossible, then life gets much more difficult if you have not put retirement money aside. I always thought I would work to at least 70, now in my early 50's realizing that I probably don't want to have a full time must be here job til 70

(In response to this post by 48zip)

Posted: 02/22/2018 at 11:30AM

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Current Thread:

Will the Government raise the age of eligibility for social security? -- VaAkita 02/22/2018 09:59AM

Yes, andwill means test it as well. Anyone 55 or over at the -- 133743Hokie 02/22/2018 10:04PM

Medicare is means tested. Raise age 1 year every decade under 50 -- VaAkita 02/22/2018 11:26PM

Medicare is means tested to a point. Your level of contribution -- 133743Hokie 02/23/2018 07:11AM

Wouldn't be surprised...actually expect it. ** -- EDGEMAN 02/22/2018 11:19AM

We have till 2034 before there is no more for SS... ** -- UTPr0sim 02/22/2018 11:18AM

There will be dollars, just not enough -- Hokie1992 02/23/2018 06:15AM

Actually the excess SS money goes into limited Treasuries -- UTPr0sim 02/23/2018 08:05AM

No worries, once we switch to DMV/USPS-style healthcare -- HokieNoVA 02/22/2018 11:16AM

No. The plan is to subsidize tobacco, alcohol, fattening foods -- Cal Naughton Jr 02/22/2018 11:02AM

And soccer moms attempting to drive ** -- fordham 02/22/2018 11:07AM

Soccer mom shun ** -- HokieAl 02/22/2018 2:06PM

Ask and you shall receive... -- UTPr0sim 02/23/2018 6:34PM

I'm edging closer to being 'of age', but I'd still be OK and recommend -- Late 80s Hokie 02/22/2018 10:40AM

Since I started SS yesterday,it won`t impact me. But,I think that -- VTUD 02/22/2018 10:32AM

They could lift the SS tax cap ** -- hokeyhokie 02/22/2018 10:52AM

It wouldn`t surprise me.... ** -- VTUD 02/22/2018 11:15AM

People maybe aren’t living so much longer -- MrBayAreaHokie 02/22/2018 10:23AM

Genetics also plays a role in life span. My dad`s side -- VTUD 02/22/2018 11:38AM

That statistic increases the average person's life span, but doesn't -- RTFC 02/22/2018 11:29AM

So, what do the average age at death stats look like? -- Freddyburg Hokie 02/22/2018 12:45PM

Answering my own question, interesting article at Slate (and musings)... -- Freddyburg Hokie 02/22/2018 12:54PM

You clearly have thought about it -- RTFC 02/22/2018 2:04PM

No, you're saying two different things.... -- Freddyburg Hokie 02/22/2018 2:13PM

Well I was talking mathematically. -- RTFC 02/22/2018 2:34PM

"We have done a great job taking care of kids in our society," -- BB Hokie 02/22/2018 11:21AM

They need to encourage more people to smoke. -- Hokie360 02/22/2018 10:27AM

I've read that, people living to old age is a lot more expensive then... -- `lag 02/22/2018 4:38PM

My mom was a smoker...died at 53. ** -- VTUD 02/22/2018 12:03PM

Probably go with means testing -- hookie 02/22/2018 10:10AM

I wonder if this calculation could include net wealth minus retirement.... -- Freddyburg Hokie 02/22/2018 1:00PM

Gotta factor in home equity somehow -- Hokerer 02/22/2018 1:16PM

Don't disagree -- RTFC 02/22/2018 11:17AM

Perhaps a "means test" against lifetime earnings or average annual earnings -- Late 80s Hokie 02/22/2018 1:44PM

Also the best reason I've heard for taking it at 62, get it while you can ** -- Hokerer 02/22/2018 10:28AM

That's what we plan to do -- Thankful Hokie 02/22/2018 12:49PM

Yep, been 18 years and no regrets. Who really knows where it will be -- AZHokie59 02/22/2018 12:21PM

That`s me...62 and started yesterday. ** -- VTUD 02/22/2018 10:34AM

^^ THIS WILL PISS ME OFF ^^ -- vt90 02/22/2018 10:15AM

That will not happen IMHO -- VaTechie 02/22/2018 11:03AM

So you are saying the NCAA used Congress as its role model -- VTHokie2000 02/22/2018 10:58AM

Yep, I wonder about that (20 years away from retirement) -- HWA 02/22/2018 10:28AM

We have lived a pretty frugal lifestyle and I was -- VTUD 02/22/2018 11:23AM

The "right thing"? Who said that? A financial adviser or travel agent? -- 48zip 02/22/2018 11:09AM

Got no problem with that -- RTFC 02/22/2018 11:34AM

Your plan makes sense unless you get to the point -- fordham 02/22/2018 11:30AM

They'll just release a bit more technology learned from Roswell and... -- Major Kong 02/22/2018 10:08AM

It is already 70 for many and alot of people don't live to really -- fordham 02/22/2018 10:07AM

True, but anyone who put there full trust in social security -- Hokie1992 02/23/2018 06:32AM

I thought the highest "full retirement age" was only 67. -- Hokie360 02/22/2018 10:59AM

Correct, the rub is your payout is less if you start earlier, you wait til -- fordham 02/22/2018 11:07AM

I'm in the 67.5 group, but it wouldn't surprise me if my group -- VTHokie2000 02/22/2018 10:49AM

Have no expectations and you won't be disappointed ** -- bigbadbird 02/22/2018 10:04AM

Is that what you tell your wife when you're in the mood? ** -- statmanfromHCyrs 02/22/2018 10:27AM

Your plan makes sense unless you get to the point

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