|
QUESTION:
|
elgabilities of earliy retirement | | I'am looking into retirement |  | asked by frank08, 10/2/2008 |
|
Categories:
Early Retirement, Delaying Retirement, Pre Retirement
|
|
|
| ANSWERS: |  | Answered by: Editorial, 10/02/08 Overall Rating:     Be the first to rate it. | Early retirement can mean a variety of things: -- Quitting your job before you start Social Security -- Starting Social Security at the first possible opportunity -- age 62 -- Quitting your job, but still working in some capacity -- Quitting your job and taking some incentive offered by the company, but looking for work elsewhere -- And more....
No matter how you define Early Retirement, it is not advisable for most people -- especially given the current economic situation. Consider the following:
-- If you delay the start of Social Security until the maximum retirement age, your monthly benefits wil increase significantly. Learn more about delaying Social Security here: http://www.newretirement.com/Services/Social-Security-Benefits.aspx
-- Private health insurance is incredibly expensive. And, seniors are not eligible for Medicare until age 65.
-- Amassing adequate income to reliably support yourself until you die -- not knowing when that is of course -- is more difficult than most people realize. This is especially true when you consider the potential for inflation and other financial uncertainties. Learn more about the risks of retirement planning here: http://www.newretirement.com/Planning101/Financial_Risks.aspx
Working past your retirement age can be quite fulfilling. Explore reasons to work here: http://www.newretirement.com/Services/Working_In_Retirement_Reasons.aspx
The financial meltdown underway currently in the United States should make anyone pause before retiring -- at any age. Learn more about the meltdown and retirement, here: http://www.newretirement.com/Services/FinancialCrisis2008.aspx Login to rate this answer:      |
|
|
|