Personal Finance and Investing

kjackson227

(2,166 posts)

7. I totally agree...

Thu Jan 10, 2013, 10:47 AM

Jan 2013

I'll be retiring in one to two years, and I have a mortgage that will be paid for in seven. But, my bigger concern is with health insurance since I'm nowhere near the age to get medicare. Our plan at work costs more than $700 for retirees, and will probably go up another $100 next year. Hopefully, the ACA/Obamacare exchanges will offer more and CHEAPER options when it kicks in in 2014.

Also, there's a great manual called "Your Retirement Planning Guide- Ready or Not" that is great to help anyone who's planning on retiring to get their post work lives and finances in order (we offer this manual to our employees in our human resources department). I also think a big mistake for retirees is not taking into account inflation (which some say should be calculated at 3-5%.

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7 Signs That Now's Not the Right Time to Retire [View all] Common Sense Party Sep 2012 OP

It all boils down to this: SheilaT Sep 2012 #1

I'm not there yet myself (about 20 more years for me), but I can imagine Common Sense Party Sep 2012 #2

I started collecting Social Security when I turned 65. RebelOne Nov 2012 #3

Are you aware of the Required Minimum Distribution rules.... A HERETIC I AM Nov 2012 #4

And it can be a very painful penalty. Common Sense Party Nov 2012 #6

Another thought here. SheilaT Nov 2012 #5

I totally agree... kjackson227 Jan 2013 #7