Home Non Cigar Related

I can retire earlier.

0patience0patience Oregon CoastPosts: 9,238 ✭✭✭✭✭
Got a letter from our retirement that there was a mistake on my retirement and my retirement should have started a month earlier, which adds almost a grand to my retirement. LOL!
And that previous DOD employment can be bought out. The problem with that one is, at what cost.
So my retirement date probably isn't gonna change any. It will only increase my monthly pension.
LOL!
There is no crisis that a good cigar can't cure.
In Fumo Pax
Money can't buy happiness, but it can buy cigars and that's close enough.

Wylaff said:
Atmospheric pressure and crap.
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Comments

  • NorCalR1NorCalR1 San Jose CaPosts: 2,368 ✭✭✭✭✭
    How many more years until retirement?
  • 0patience0patience Oregon CoastPosts: 9,238 ✭✭✭✭✭
    I am eligible to retire Nov 1, 2023.
    I have to have 30 year or be 60 years old to retire without penalty.
    I will be 60 at that point. If I buy back the DOD time, it really makes no difference, it only increases my pension. But buying it back comes at a cost, which I'm not sure it is worth it. Still have some checking to do.
    There is no crisis that a good cigar can't cure.
    In Fumo Pax
    Money can't buy happiness, but it can buy cigars and that's close enough.

    Wylaff said:
    Atmospheric pressure and crap.
  • NorCalR1NorCalR1 San Jose CaPosts: 2,368 ✭✭✭✭✭
    Nice almost there! I know our city charges an arm and a leg to buy back years...
  • NorCalR1NorCalR1 San Jose CaPosts: 2,368 ✭✭✭✭✭
    I currently have 13yrs to go from last Friday 
  • 0patience0patience Oregon CoastPosts: 9,238 ✭✭✭✭✭
    NorCalR1 said:
    I currently have 13yrs to go from last Friday 
    Downhill slope.
    I remember years ago thinking that guys with 5 years left were doing so well.
    Now, I am one of those guys and the time seems to be slowing down.
    Kind of like waiting for that last 15 minutes in school.
    There is no crisis that a good cigar can't cure.
    In Fumo Pax
    Money can't buy happiness, but it can buy cigars and that's close enough.

    Wylaff said:
    Atmospheric pressure and crap.
  • NorCalR1NorCalR1 San Jose CaPosts: 2,368 ✭✭✭✭✭
    Yes I remember the day I started a Heavy Equipment Mechanic ( now retired) told me enjoy the ride it goes by quick. Looking forward to moving out of CA when I retire 
  • Usaf06Usaf06 FloridaPosts: 8,203 ✭✭✭✭✭
    8 more years... maybe more if I'm motivated 
    "I drink a great deal. I sleep a little, and I smoke cigar after cigar. That is why I am in two-hundred-percent form."
    -- Winston Churchill
  • Diver43Diver43 South FloridaPosts: 1,483 ✭✭✭✭✭
    Congratulations
    I have until April of 2021 before I can retire from DOD.
    Logistics cannot win a war, but its absence or inadequacy can cause defeat. FM100-5
  • silvermousesilvermouse Cape CodPosts: 8,570 ✭✭✭✭✭
    Been collecting SS since I turned 70 and still working (and paying into SS, lol), all it is doing is raising my taxes at this point; planning to retire when I hit 80 or so, if I make it.
  • NorCalR1NorCalR1 San Jose CaPosts: 2,368 ✭✭✭✭✭
    @Patrickbrick solid planning! 
    We are doing a similar plan with our daughter and do not plan on telling her until after she finishes college.
  • KenpoKnightKenpoKnight KansasPosts: 952 ✭✭✭✭✭
    Congratulations, time goes so fast it will be here before you know it!  
  • peter4jcpeter4jc Milwaukee, WIPosts: 7,565 ✭✭✭✭✭
    The question for you young guys retiring before 65, what are you going to do for health insurance?  Pay for it yourself, or does your employer cover it until Medicare kicks in.
    "I could've had a Mi Querida!"   Nick Bardis
  • NorCalR1NorCalR1 San Jose CaPosts: 2,368 ✭✭✭✭✭
    peter4jc said:
    The question for you young guys retiring before 65, what are you going to do for health insurance?  Pay for it yourself, or does your employer cover it until Medicare kicks in.
    My pension kicks in the day I turn 55 and I have full medical and dental for me and my wife for life ( becomes secondary when Medicare kicks in). I plan on taking a year off from work then getting another job with another municipality or doing fleet consulting 
  • 0patience0patience Oregon CoastPosts: 9,238 ✭✭✭✭✭
    peter4jc said:
    The question for you young guys retiring before 65, what are you going to do for health insurance?  Pay for it yourself, or does your employer cover it until Medicare kicks in.
    I am fortunate, because I have Indian Health. I can purchase a health insurance from them at a discounted price to meet the tax requirements. It may be more for my wife, cause she's non-indian.
    So for me, it probably won't be a terrible amount of money.
    And we'll deal with that until her and I collect social security and Medicare kicks in.
    I can get Cobra insurance from work until I get medicare, but it is crazy expensive.


    There is no crisis that a good cigar can't cure.
    In Fumo Pax
    Money can't buy happiness, but it can buy cigars and that's close enough.

    Wylaff said:
    Atmospheric pressure and crap.
  • 0patience0patience Oregon CoastPosts: 9,238 ✭✭✭✭✭
    NorCalR1 said:
    peter4jc said:
    The question for you young guys retiring before 65, what are you going to do for health insurance?  Pay for it yourself, or does your employer cover it until Medicare kicks in.
    My pension kicks in the day I turn 55 and I have full medical and dental for me and my wife for life ( becomes secondary when Medicare kicks in). I plan on taking a year off from work then getting another job with another municipality or doing fleet consulting 
    Damn, they have any field tech positions? LOL!
    There is no crisis that a good cigar can't cure.
    In Fumo Pax
    Money can't buy happiness, but it can buy cigars and that's close enough.

    Wylaff said:
    Atmospheric pressure and crap.
  • NorCalR1NorCalR1 San Jose CaPosts: 2,368 ✭✭✭✭✭
    0patience said:
    NorCalR1 said:
    peter4jc said:
    The question for you young guys retiring before 65, what are you going to do for health insurance?  Pay for it yourself, or does your employer cover it until Medicare kicks in.
    My pension kicks in the day I turn 55 and I have full medical and dental for me and my wife for life ( becomes secondary when Medicare kicks in). I plan on taking a year off from work then getting another job with another municipality or doing fleet consulting 
    Damn, they have any field tech positions? LOL!
    I wish I’ve seen your posts and your work is spot on! Mobile Heavy Equipment Mechanics are hard to find! 
  • 0patience0patience Oregon CoastPosts: 9,238 ✭✭✭✭✭
    NorCalR1 said:
    0patience said:
    NorCalR1 said:
    peter4jc said:
    The question for you young guys retiring before 65, what are you going to do for health insurance?  Pay for it yourself, or does your employer cover it until Medicare kicks in.
    My pension kicks in the day I turn 55 and I have full medical and dental for me and my wife for life ( becomes secondary when Medicare kicks in). I plan on taking a year off from work then getting another job with another municipality or doing fleet consulting 
    Damn, they have any field tech positions? LOL!
    I wish I’ve seen your posts and your work is spot on! Mobile Heavy Equipment Mechanics are hard to find! 
    Everywhere is having troubles getting heavy techs. We had 3 positions open for 6 months, cause we couldn't fill them.
    I get shops asking me when I am gonna retire and come to work for them.
    I laugh, but then I start thinking. Hell, if I collect a pension and get a months wages from them, I could really do well and get all kinds of stuff.
    And then the evil glare from the boss lady hits me. LOL!
    Although, it is possible for me to work 1000 hours after I retire and they are trying to get me to do training courses for that 1000 hours.
    I'll probably do it, cause it won't be full time work and I can possibly teleconference to the training.
    There is no crisis that a good cigar can't cure.
    In Fumo Pax
    Money can't buy happiness, but it can buy cigars and that's close enough.

    Wylaff said:
    Atmospheric pressure and crap.
  • genareddoggenareddog South eastern indianaPosts: 2,862 ✭✭✭✭✭
    Not until we get insurance. 
  • jd50aejd50ae West Gnawed Pencil, TNPosts: 7,754 ✭✭✭✭✭
    edited March 2019
    Ah umm err hold that thought. The dems/libs/socialists/communists/snowflakes/weenies/anarchists will sooner or later be in office and you will have to works another 20 years to pay for all the handouts they will put into law. And the amount of taxes going to criminal illegal immigrant aliens will skyrocket.



  • Usaf06Usaf06 FloridaPosts: 8,203 ✭✭✭✭✭
    peter4jc said:
    The question for you young guys retiring before 65, what are you going to do for health insurance?  Pay for it yourself, or does your employer cover it until Medicare kicks in.
    it will cost me 500 a month to keep what i have for me and my wife. the positve side of that is we have clinic that has no co pay and free medication if i stay on. If i choose to swtich to my wifes i lose that. 

    "I drink a great deal. I sleep a little, and I smoke cigar after cigar. That is why I am in two-hundred-percent form."
    -- Winston Churchill
  • silvermousesilvermouse Cape CodPosts: 8,570 ✭✭✭✭✭
    edited March 2019
    Heh, my wife and I pay $600 per month, each, for Medicare parts A & B; been paying into it my whole working life and am continuing to pay into it as long as I work. 

    Oh, and my doctor just stopped treating Medicare patients, as have all the other local doctors so I have to go to a non-profit clinic now.
  • WylaffWylaff Reno, NVPosts: 4,725 ✭✭✭✭✭
    I swapped a lot of my 401k investments into British funds in anticipation of Brexit. I've been gaining thousands each month. I just need to remember to swap back when everything goes south.
    "Cooking isn't about struggling; It's about pleasure. It's like sǝx, with a wider variety of sauces."

    I hate myself, and I don't regret any of it.

    At any given time the urge to sing "In The Jungle" is just a whim away... A whim away... A whim away...

  • YankeeManYankeeMan Posts: 2,244 ✭✭✭✭
    0patience said:
    I am eligible to retire Nov 1, 2023.
    I have to have 30 year or be 60 years old to retire without penalty.
    I will be 60 at that point. If I buy back the DOD time, it really makes no difference, it only increases my pension. But buying it back comes at a cost, which I'm not sure it is worth it. Still have some checking to do.
    My son is buying back 10 years military time.  It is not cheap!  They are letting him pay in monthly payments and it does make a big difference in retirement.
  • 0patience0patience Oregon CoastPosts: 9,238 ✭✭✭✭✭
    YankeeMan said:
    0patience said:
    I am eligible to retire Nov 1, 2023.
    I have to have 30 year or be 60 years old to retire without penalty.
    I will be 60 at that point. If I buy back the DOD time, it really makes no difference, it only increases my pension. But buying it back comes at a cost, which I'm not sure it is worth it. Still have some checking to do.
    My son is buying back 10 years military time.  It is not cheap!  They are letting him pay in monthly payments and it does make a big difference in retirement.
    10 years would make pretty good difference.
    2 1/2 years, not so much.
    I'm looking into the cost vs gain now, but they are telling me it may not make a big difference for me.
    There is no crisis that a good cigar can't cure.
    In Fumo Pax
    Money can't buy happiness, but it can buy cigars and that's close enough.

    Wylaff said:
    Atmospheric pressure and crap.
  • jd50aejd50ae West Gnawed Pencil, TNPosts: 7,754 ✭✭✭✭✭
    What is this buying back you guys talk about? I assume it is not about getting younger.

  • StubbleStubble T E X A SPosts: 4,303 ✭✭✭✭✭
    edited March 2019
    jd50ae said:
    What is this buying back you guys talk about? I assume it is not about getting younger.
    It's for people that have honorably served this nation in military service.
    Hey, you gonna eat the rest of that corndog?
  • 0patience0patience Oregon CoastPosts: 9,238 ✭✭✭✭✭
    edited March 2019
    Stubble said:
    jd50ae said:
    What is this buuying back you guys talk about? I assume it is not about getting younger.
    It's for people that have honorably served this nation in military service.
    Any govt service can be bought back.
    City, county, state, federal, police, fire, military.
    If you are working for a govt, the previous govt work can be bought back to retire earlier.
    I suppose it may depend on what govt, but to my knowledge, I don't know any that don't allow it.
    There is no crisis that a good cigar can't cure.
    In Fumo Pax
    Money can't buy happiness, but it can buy cigars and that's close enough.

    Wylaff said:
    Atmospheric pressure and crap.
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