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I've been retired for ten years, and I just want to say that retirement is traumatic, mostly due to the unknown factors. Would that someone had had a seminar before I retired, perhaps ten years before. Anyhow, I'm glad I took the SS when I was 62, and put it in a place where I can get the interest, not uncle Sam. If I should live to 83, (and the insurance companies know I probably will not), I'm sure I won't need so much money, I'll be sitting watching TV or something. There are other issues which need to be explored, for instance if you have an ira, all the income from it is considered regular income when you take it out, not capital gains. Clear it out and save taxes. Also, your money goes further when you are retired. You shop better, you recycle, you conserve, etc. I live well on less than half what I used to when I worked.
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