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 - Tractor Traction - by Chris Pratt. Our first bout with traction problems came when cultivatin with our Massey-Harris Pony. Up till then, this tractor had been running a corn grinder and pulling a trailer. It had new unfilled rear tires and no wheel weights. The garden was already sprouting when we hooked up the mid-mount shovel cultivators to the Pony. The seed bed was soft enough that the rear end would spin and slowly work its way to the downhill side of the gardens slight incline. From this, we learned our lesson sinc
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