Doesn’t Medicaid kick in at 65?

Elect Bernie and it will kick in for everyone next year! Easy street for everyone after that

One thing for sure If your a coon trapper you will never be able to retire.

So are the rules, now that we can no longer give it as an inheritance to our children?

On the subject of medicare I am going through that process right now. Both the wife and I turn 65 in the next 3 monthes, decided to take Social Security to help cover the medicare costs. It is $290 off the checks right away, then another $22 for her drug plan D, estimate for a medigap policy for her because she has a disability is 150 dollars a month, have not picked one yet.

Not a problem

Sure you can give it as a inheritance, right after the government takes most of it.

Elect Bernie and it will kick in for everyone next year! Easy street for everyone after that [/quote]

Heck, pick Bernie and retirement kicks in!

Your forgetting the interest you earn. Your not taking that into account.
No way you need 25 times to get by.

Where does the 25 rule come from? I'm assuming by retirement age your account has shifted more into bonds but it still is creating a percentage of return as you say. Grapestomper, what would you say a couple "needs"?

Not far from retirement an not financially ready or do well, I am jealous ppl retire bfore 62, so I don't even know. U pay tax on soacil security or when if do ? 2 more years an i.plan on it , if around, work part time an soacil security, no heslth ins now. I had enough prick employers an other prick employes for lifetime. Csnt believe how fast life has went, unfortunately. I know guys younger or older me that health went out fast, like less year or year or 2

No retirement for me. I love what I do and do what I love. I'll start drawing SS next year and my wife will start 2 years later but we'll both keep working some (though not full time) as long as we can so we have disposable income. Took a big hit in 2008 and so started over at 50. Have money tied up in real estate which I will cash in at some point so we can spend summers here in Minnesota and winters somewhere a little warmer. No debt makes life a LOT easier and offers so many options.

same here almost exactly Bernie although land and houses are hot here right now and crazy offers are being made.some tough to turn down but so far i've repelled their advances.

I have posted a couple times. My wife and I will retire, her in one year I in two. I am not ready and love being a teacher. As I stated previously, with the change in health insurance money I can't afford to not retire. We retire with two lifetime annuities each. We also have some IRA's, not huge but some. I plan to still sub, coach, and they have asked me to continue as athletic director. I will still be bringing in income for extra stuff during winter months when it's harder to do things. Fall less as i'll hunt, and trap. We do not live an extravagant life and actually like each other. But being debt free helps a lot. To younger people start saving now, no loans if possible. We turned an old farm house and buildings into quite a nice hobby farm. You can to.

I'm 55. I grew up on a farm and have been working since I was 10. I've spent the last 30 years working on the offshore islands of Maine in which I was away from home 2 weeks per month and sometimes longer. Monday I will file for my pension and will take a 33% hit. My wife still works and we use her insurance. At this point in time in life, I've chosen to do what I want to do-that is being a free agent to hunt fish trap guide etc. A lot of old-timers said they'd wished they'd retired early instead of holding out for more financial security. Some of these guys lived only a short while after retiring. A retiree told me that it's not necessarily how much but rather how long. We have lived within our means and our debt is reduced to living expenses ie; utilities,taxes food etc.Heading into the 4th quarter, I want to know freedom from the bondage of the almighty dollar.Now I'm working because I want to not because I need to. My contentment is more important than the acquisition of wealth that is not mandatory.

swamp donkey >> you got it figured out and are a very smart man IMO! Good for You and wish you well.


In many cases some are afraid of loosing their identity or power of their profession gives them. So, not to retire is really their security blanket not a necessity to pile on the stash to live. That profession isn't going to miss you as most would think. That business will carry on with you or without you regardless of how important you think you are to that organization. A job is to put food on the table but shouldn't be or control ones life or make who you are as a person. IMO

Was self employed and retired at 45. Bored to tears after a year, then wife got cancer and medical insurance was killing us. Went back to work for someone I liked and stayed until 58 and then retired for good. Am now 68 with no financial worries. Biggest factor in wealth accumulation was the decision to have duplexes instead of children. Life is a crapshoot. No matter how well you plan there will always be unexpected challenges to be met and adjustments to be made.

Unless you are in congress . Those old codgers skim the cream for ever
Bernie Sanders is 73, Joe Biden is 72, Chuck Grassley is 81, Barbara Boxer is 74, Nancy Pelosi is 74, Harry Reid is 75, John McCain is 78, Diane Feinstein is 81. Mitch McConnell is 72, Orrin Hatch is 80, Richard Shelby is 79, Carl Levin is 79, Jim Inhofe is 79, Pat Roberts is 78, Barbara Miklski is 77, Jay Rockefeller is 76, Thad Cochran is 76, Tom Harkin is 74, Patrick Leahy is 73, Lamar Alexander is 73, Bill Nelson is 71.Charles B. Rangel is 83. In the last 30 years, the number of Senators in the Senate for 20 years or more has tripled. Senility and seniority are not serving us well.

Boy, ain’t that the truth. Maybe these folks need to take up a hobby, like trapping, and hang up their jobs. Something fundamentally wrong with people who can’t or won’t give up their positions of power.

Hahaha. Your kids want to make sure you have enough that you don't touch the principle. All financial advisors are someone's kid.