Thanks Allen. Great info. Unfortunately, we.are retiring at the most common age of mid-60s but that's ok. However, there is definitely a learning curve involved. Researching Medicare advantage plans, how to transfer 401k monies into an IRA after retiring from our current employer, how much to withdrawal each month to live on & what will the anticipated taxes be, signing up for SS, Just so much to learn and figure out. But...I am so looking forward to finally be at a place where we no longer work for someone else every day. We just had a 12'x30' shed delivered yesterday. Instead of taking money from savings to pay for it, we took a signature loan and will make the scheduled payment, plus pay a sh*t ton towards "Principal Only" to have a 36 month loan paid in full in approx. 10 months. Will have paid a little bit in interest, but our principle will have still been in the bank in case it was needed. Keep up the great work and Merry Christmas to you and yours.
Merry Christmas Sandy! It is definitely a confusing system. I know nothing at all about Medicare, other than we get some kind of penalty if we fail to sign up in time.
Thanks Allen. Great info. Unfortunately, we.are retiring at the most common age of mid-60s but that's ok. However, there is definitely a learning curve involved. Researching Medicare advantage plans, how to transfer 401k monies into an IRA after retiring from our current employer, how much to withdrawal each month to live on & what will the anticipated taxes be, signing up for SS, Just so much to learn and figure out. But...I am so looking forward to finally be at a place where we no longer work for someone else every day. We just had a 12'x30' shed delivered yesterday. Instead of taking money from savings to pay for it, we took a signature loan and will make the scheduled payment, plus pay a sh*t ton towards "Principal Only" to have a 36 month loan paid in full in approx. 10 months. Will have paid a little bit in interest, but our principle will have still been in the bank in case it was needed. Keep up the great work and Merry Christmas to you and yours.
Merry Christmas Sandy! It is definitely a confusing system. I know nothing at all about Medicare, other than we get some kind of penalty if we fail to sign up in time.