I'm 66, turning 67 in August, still working. Wife is still working, will turn 65 on June 30.
I've never considered a "break even" point on SS in any of my analyses of when to retire. I'm not fretting about outwitting the government actuaries. The only way to beat them is by dying before the break even point.... and then I won't care if I've left any money on the table or not. It's only been the last 5 years that I've started to hone in on any kind of "retirement date" with detailed projections. My calculations have been based on maintaining 90% of our pre-retirement income which will give us enough cash to live comfortably and buy premium supplemental health care (coupled with Medicare). We will reach that point this summer.
We'll be filing for her Medicare and retirement next week to start July 1st. I'm going to file to start collecting SS in August. We'll make our last "drive into work" sometime in July. We're thinking of a July 7 "exit date" as that's our wedding anniversary.
Our health is good and we would probably have worked longer in our "careers" but they have turned into "jobs" where our bosses micro-manage us like we're fresh faced kids, have no respect for our experiences and we've decided to "get out".
We've been lucky to be able to recover from the last recession in which we lost 40% of our retirement savings. I would have hated to be someone trying to retire in 2009. :(
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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