No. of Recommendations: 0
I'm not totally up on Social Security, but don't they get a lot less in terms of payment if the retire now instead of at 65? Why not hang in there - keep working - so they can get the bigger payout. In the meantime they can try to scale back, adjust and see if they CAN live on $30K - $35K a year.

They can't fund a retirement for two for what could be 20 or more years to come (hopefully!) on $200K. It just can't be done.
Print the post  

Announcements

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.
Advertisement