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To Retire or Not to Retire, that is the Question

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What age would you retire? You get More Money the Longer you Wait

Poll ended Thu Feb 01, 2018 22:52  »  Voted by 35 members  »  Single-choice
11
31%
2
6%
0
0%
10
29%
2
6%
1
3%
1
3%
0
0%
8
23%

#1 by valerie » Wed Nov 01, 2017 14:40

Early retirment in the USA is age 62. However, if you retire early at age 62,
you will receive at least 25% less monthly than if you waited until your full
retirement age.

Full retirement age can vary some what and is based on your birth month/year.
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#2 by tasman1 » Wed Nov 01, 2017 14:59

I did retire at 63 , full Australian pension , but 10% less from part Swiss pension

and crap . last week started working 3 day a week , 3 hours a day [ 9 hours a week and less time to work here ] still hope to make 30-50 a month here
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#3 by valerie » Wed Nov 01, 2017 16:26

Work is good for you......exercise.
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#4 by rpdesign » Wed Nov 01, 2017 17:10

I'll be "retiring" next year at age 55 .... "standard" retirement age in my country ... and enjoy my more than 3 decades of Employee Provident Fund (mandatory savings for workers initiated by the govt) ... that would add more than 100k into my bank account as we can withdraw full amount after reaching 55 :D

our Fund system is unique, in the sense that every month employee salary deducted 9% and employer contributed 11% that goes into the Fund. and each year, dividend avg 6% .... it is compounded saving + divided. it balloons up very high this way as the Fund management also uses ALL the contributors savings for investment and dividends are usually returned high (compare to bank dividend)

I'll be flying to Sweden next year with this 'bonus' to meet my long 'lost' younger sister whom i've never met since birth (she was adopted at birth) :thumbup:
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#5 by tasman1 » Wed Nov 01, 2017 17:10

valerie wrote: Work is good for you......exercise.



Nah , it is just to finish with my home loan , hope in May 2018 will be last rate,,,, and over 11 000 yearly more in my pocket , every year
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#6 by valerie » Wed Nov 01, 2017 17:45

@rpdesign go as soon as you can.

Several years ago I was able to locate my older half brother online. It was actually
accidental. I was reading poetry written by USA veterans and saw his name. There
was no contact information except for that website so I contacted the owner. He then
contacted him and sure enough, it was him. I called him and he called me several times
and were getting our photo albums together and planed to meet. Unfortunately, just
a few months later after we were in contact, he died. So although I never met him in
person, I did have some nice long phone conversations with him.
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#7 by rpdesign » Wed Nov 01, 2017 18:25

@valerie ... would certainly love to go now but my 85 y.o. father health condition doesn't permit him to travel until it improves ... :cry:

but though i've skype with my sister many times, it's meeting face-to-face in person that matters most :)
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#8 by oldbuddy » Wed Nov 01, 2017 21:54

I retired in Sept 2000 and am so happy I did. You can never tell what is in store for you, so I figure a bird in the hand is worth two in the bush. With both my wife and I going through cancer and several other surgeries, I wouldn't trade the extra happiness we shared for a few extra dollers we may not have been able to enjoy.
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#9 by valerie » Wed Nov 01, 2017 22:48

oldbuddy wrote: I retired in Sept 2000 and am so happy I did. You can never tell what is in store for you, so I figure a bird in the hand is worth two in the bush. With both my wife and I going through cancer and several other surgeries, I wouldn't trade the extra happiness we shared for a few extra dollers we may not have been able to enjoy.

I hope you are both doing well now.

It sure will be a wonderful day whenever they wipe out cancer.
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