I don't like the idea. However, because I have a pituitary tumor driven secondary adrenal failure, and have to take both Prednisone and Hydrocortisone for treatment, I may be eligible.
Finally time to retire
- Thread starter Cujet
- Start date
You could very well be eligible. It automatically coverts to regular Social Security when you are age eligible. That means that you won’t take a hit by taking your Social Security early.
Your 'indispensability' to the boss is basically keeping you in harness with words while he kicks the can down the road. Disregard the verbiage and do what YOU think is right for you. Ask your doctor straight out " should I be working a full time schedule?"
I had a monthly number in mind, and I had some money in the bank to bridge me for a few years of not working. That number is related to my expense planner xL sheet that I created, and I ran - which I highly recommend all to do and have some real numbers. You may think you can run numbers in your head but you will forget stuff.
I needed at least $2400- after the Medicare Part-B deduction to pay the bills, as I live modestly. While I was waiting a few years to pull the trigger, there were two social security COLA adjustments, 5.9% in '22 and then 8.7% in 2023. and that short wait brought me over $600 more a month.
So that income with some money accrued in the 401K should be adequate for me. Watch out for taxes they can be hefty if you have investment income you pull to cover unexpected expenses and make ends meet. The IRS can and will pull in and start taxing your social security income (indirectly) after some meager cut point set decades ago. Surprisingly, tax free Muni's are even pulled into the determination.
Do watch out for the First Year of Retirement "unexpected expense"monster - I am living through it now. Hopefully it is too busy gnawing on my meat and bones and it will leave you alone, lol.
Meant to say $20,000 as I missed ao zer
Appreciate the input. The big boss is a superb guy. I'm fairly sure he'd give me anything I need if I asked him directly. However, there is a chain of command, and the chief pilot makes sure, mostly through inaction, that I don't get what's necessary. Not a comfortable situation.
Which goes to the second point, I clearly can't work a normal full time job, as I do not have the energy. Some days I can't think well and just need time to recover. This makes things move too slowly for everyone's comfort level. My doctor is aware, but does not see me when I'm unable to roll up the cord to the power cart, or even walk to the other hangar, because I'm too fatigued as the day goes on. It's time.
This is a joke. Nobody and I mean NOBODY is indispensable. IMHO-it sounds like to OP already has waited too long to retire. I mean he has some serious health stuff going on.
I feel like if one is able to financially afford retirement why not retire? There are way too many people who wait too long. Part of it is obviously they enjoy their job whether it be the social aspect, the pride in their work, etc, but I knew a few who worked until they basically couldn't anymore and then passed away soon after. What a waste.
The symptoms he is citing is coming up real close to disability benefits-IMHO.
Since it sounds your under the retirement age with ssi can file for disability 12.5 years ago. My recommendation find a good lawyer that just does ssi and has multiple lawyers. My lawyer got my disability in 10 weeks he took the ten weeks of my monthly checks. Glad i did it and would do it again. Friend tried to file himself 1.5 years still didn't get it found a lawyer not the one i used took at least 6 or 7 months.
Im thinking that 10,000 folks a day are retiring,,,that's lots of money........where does it come from....
I'd give a 2 week notice and call it good. Every place likes to say they're a family but in reality they'll ultimately make decisions based on what's best for the business. One of my co-workers died 3 weeks ago and the job is already posted and interviews are in the works. Don't feel obligated to stay just because it benefits the company.
Plan your next chapter before you retire. You really want to retire with a purpose.
I plan to retire in May/June of 2024 and then 3 days a week for 6 months to a year.
That is correct, but I would not average out over decade as costs are typically rising annually.
When you say Medicare, you should say A and B or alternatively the private sector C (Advantage Plan)
2024 costs
Medicare A (hospital inpatient) deductible is $1632 per event period - not "one time" not annually.
Part B (Medical and Doctor) deductible is now $240 annually
Part B co-insurance you will owe is 20% of the Medicare approved amount (outpatient doctor bill)
There are many other substantial costs you can fall into if hospitalized over an extended period,
so many elect to buy a Plan N (or G) medigap (supplemental) insurance plan.
One thing I did not look at hard enough was dental. I had dental as part of Medicare Advantage plan. And an independent dental plan. But neither seems to want to pay much for recent root canal and crown.
4WD
$50 site donor 2025
Dental is expensive - even on a decent plan my part on a root canal
(2 weeks back) was about half - so $1800 out of pocket …
