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First thing you do is sit down and write down all your living expenses. Insurances, taxes, rent or house payment, food, medicine, everything you spend money on. Every time you write a check or spend cash or use your credit card(s) write down what you spent that day. Do it each day for at least 3 months. Then look it over and see if anything will go up or down when you stop working.

Will you get Part B and Part D or some supplemental insurance, you will dental and vision and that is not covered by any SSI plan or supplemental plan.

The think about what you want to do when you retire. GARDEN OR TRAVEL, volunteer at some organization or get a small part time job? Do you really think you should retire at 62? Think about waiting at least until your full retirement age.

Then decide how much you need.

Nick
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