Posted by rodgernbama on October 16, 2014 at 22:42:56 from (68.117.252.19):
In Reply to: Retire or not posted by LAA on October 16, 2014 at 18:55:45:
Most of what I've read says you need 70%-80% of your current income to continue the same lifestyle in retirement. Part of my retirement is a defined pension and there is not any built in raises to counter inflation. No increases in a pension over 10 year period will have a lot less buying power. I plan on taking my SS at the reduced rate but several coworkers that recently retired worked past the full SS age.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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