Cliff R Posted January 1, 2022 Author Report Share Posted January 1, 2022 (edited) There is a balance between saving for when you are older and don't want to work anymore and spending money and doing all sorts of fun chit while you can still enjoy it. I decided to take a lump sum from PERS as they are counting my retirement incomes against me. My financial guy is going to invest the money so I can start drawing checks off it when I decide the time is right. " I've been collecting my police retirement since I was 48 (I've almost collected as many retirement checks as I did work checks) and I knew that my Social security was going to be crap" Cool! I started drawing Military retirement back in 2003 when I was 43 years old. I also get a check from the VA every month. I also get some royalty checks from the books I wrote, so should be good to go without having to get a job at Lowe's mixing paint and making keys!.......LOL Edited January 1, 2022 by Cliff R Quote Link to comment Share on other sites More sharing options...
Sisco Posted January 1, 2022 Report Share Posted January 1, 2022 I decided to take Social Security at 62, since I had been sucker punched by my employer and downsized 2 days short of my 60th birthday after 32 years on the job. With a then 16 year old I needed the money ASAP. After I applied, I got a call from a Social Security agent who informed me that because I had a child under 19, I was eligible for an additional $1,200 a month benefit until he turned 19. I had not been aware of that. Because of that, I actually came out ahead by applying at 62 rather then waiting. And with a kid at home, I needed it. What really saved my bacon though was after downsizing I took my 401K money, transferred it to my IRA and took control of the investments myself, rather then have an investment house make the choices. I ended up doubling my money in two years, and tripling it by the time I got to 65. Which made the difference from a tight retirement to a comfortable one. Quote Link to comment Share on other sites More sharing options...
98Z5V Posted January 6, 2022 Report Share Posted January 6, 2022 On 1/1/2022 at 10:46 AM, Cliff R said: Tricare for Life made my decision much easier Same here, brother - I've been on that since I was 39 years old. But, at 39, I was 21.5 years into the .mil life, and punched out. It makes life MUCH easier, that route. I hear you. So, my question for you is... Still going to do the carbs? You kill it in that arena. Quote Link to comment Share on other sites More sharing options...
BrianK Posted January 8, 2022 Report Share Posted January 8, 2022 Retirement was the best thing I ever did at 55, I've been retried for 14 years. But it only has one problem. How did I ever get things done when I was working? There's just not enough time in a day. enjoy your retirement gents! Quote Link to comment Share on other sites More sharing options...
BigNate Posted January 14, 2022 Report Share Posted January 14, 2022 Congrats! Quote Link to comment Share on other sites More sharing options...
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