• Editorial 


    San Francisco, CA

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  • I am sorry to hear of your health problems.

    Bob Hope said, "I don't feel old. I don't feel anything until noon. Then it's time for my nap."

    And, George Burns would say this when he got up on stage for an act: "I'm very pleased to be here. Let's face it, at my age I'm very pleased to be anywhere."

    However, retiring early can be financially difficult. And some experts think that retirement may actually speed the aging process. Work has been proven to keep you mentally and physically sharp.

    We hope that the NewRetirement Retirement Calculator gave you some ideas about your financial prospects. They key to a secure retirement is guaranteeing enough lifetime income to cover all of your retirement expenses. Plus you need to have adequate savings to cover your out of pocket healthcare spending.

    The biggest problem you might face with early retirement is affordable health insurance since you will not qualify for Medicare until age 65. The average 65 year old is projected to spend between $200,000 and $400,000 on out of pocket medical costs. This would be in addition to the costs you would incur between now and your Medicare eligibility.

    The NewRetirement Calculator may have given you some ideas about how to make your retirement work. Please return anytime to research your options.

    We wish you all the best!

  • Login to rate this answer:   Answered on 10/26/2012
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.