No. of Recommendations: 0
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.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.