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I didn't give retirement much thought. It was something that I would do after I quit work at age 70. However, I discovered that it would be to my financial advantage to retire at age 68 due to changes to my employer's retirement plan and provisions in the Pension Protection Act of 2006 requiring my pension to be actuarily adjusted for retiring after 65. After the actuary completed his adjustments, my pension benefits increased by 21%.

The month before I retired, my wife turned 66 and able to receive the full Social Security spousal benefit.

I spent 30 years of my career traveling around the globe on business and not very interested in more travel in retirement. Actually, neither of us were very keen on traveling in retirement. We had been to Europe several times and took the children when I went there for business. Another issue with traveling in retirement was that my Vietnam War injuries had finally caught up with me.

We lived in Southern California and planned to stay in our home until one or both of us needed to be in an assisted living facility. Unfortunately, my wife died last January. It didn't take me long to realize that I didn't need a four bedroom house. I sold it and moved to my 97 year old mother's house in Northern California. I think it makes more sense for me to pay her rent than to pay it to some landlord. Also, I can give my sister a break with her role as my mother's caregiver.

With me here, my Mother has someone to have a glass of wine with while we watch PBS News Hour.
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