Considering Retirement at 60

by Don C.

I can get my pension next year at 60, draw social security at 62. I inherited a little less than 90K last year.

I have had double depression and dysthymic disorder. This has been a lifelong thing. Some days I can barely move or get out of bed.

I have been with my current employer for 19 years. I can (a) go out at 60 and draw SS in two more years (b) go out at 60 and work elsewhere for two years or (c) at 60 retire but ask my employer if I can work two days per week, draw my pension, and in two or more years draw social security.

I volunteer a lot right now. Any thoughts?

Comments for Considering Retirement at 60

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Received Advice
by: Len

Let me share what I have been told by former colleagues who are retired now. "Make sure you have something to do away from the house, to keep you in touch with other people, do different activities than repeated ones that becomes a routine in your life".

I took these advises and I am still working and very happy about it. I am making plans for that life in 3 yrs. One of which is moving back to my home island and volunteer teaching or join other women in all sorts of traditional activities.

I am looking forward to it but for now I am just enjoying work. Best Wishes in Future Endeavors! Len

retire
by: Anonymous

don one thing you want to know is will you be happy if you retire ??, if you are happy in your job, do not retire, asking people about retirement does not allways get a truthfull response, everyone i asked who had retired in the previous years where i worked said they were happy, you have no job to go to when you wake, 6 months after retiring the novelty wears off, and you are not fullfilled, if you play, and love golf, thats great, but its all about fullfilment, not how you pass the day, we can all do that, but just leading a fullfilling life. i felt that i was over the hill, no longer needed, so you also wont earn a living again, unless your lucky, i got a good package. im telling you the truth, if you like your job, unless you body is very poor, work away until its the official age. im telling you the way it is for me now at 64. i can do no more than that...

if it's right for you, do it
by: Anonymous

took my pension at 59.....got my second one at 60 ...SS at 62.....added together more then I made working now have a part time job was 20 to n25 hours a week went done to 12-15 hours and am loving every days along the way. Grandchildren, church things ...I write read and live life to the fullest.... ronaldj

Retirement at 60?
by: Anonymous

Dear Friend,

Regarding what you claim as your illness, kindly do me a favor, please try this for one week, Forget about the retirements for this week.

You have been using , I quote, " I have had ...", DISOWN, say instead, "somebody has ... the name of the illness " , Avoid Claiming this illness as your own, trust me, you will feel better, you will wonder at why you were feeling ill for so long....

Sometime ago I heard words similar to this, " Physician heal thyself", there is so much truth in those words!

Trust you will keep in touch - Look outside now, everything you see outside is BEAUTIFUL, look again, feel it's beauty.

Let's think this out...
by: Wendy

Your Scenarios:

a) Quit Work at 60, draw Social Security in two years at 62
b) Quit Work at 60, work elsewhere for two years
c) RETIRE at 60, draw pension and work 2 days for employer for 2 years

Here are my thoughts to consider:

-- Do you get a pension in all three scenarios or only C?
-- Can you really find employment? Even if you do, when you call in (can't get out of bed), they are likely to let you go, unlike a 19 yr employer that knows you.
-- Have you compared your take-home pay to your pension? How much do you need to make up with part-time work? Can you cut your monthly expenses somehow?

The REAL bottom line--- the longer you can work, the higher your Social Security will be. That's a payment that lasts for the rest of your life.

If You've worked a lifetime (more than 19 years), you are likely ok. IF not, be aware that Social Security uses 35 years to calculate your payment -- all years under 35 get a Zero Earnings... which brings down your average, and thus your lifetime monthly payment.

Just means that ANY work will help in the long run..

Best wishes!

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