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RE: Reflecting on retirement (or not)
You and I must be same age, I am turning fifty in June.
I would recommend working at least five more years as in addition to the mortgage you should consider the costs of health insurance...
I am planning on working until 62 as that is when I have no benefit reduction. So 12 more years for me despite not having a mortgage...
0.00106675 BEE
Probably closer than you think! I turn 50 in May ;)
That's some sound advice. I've said it before, but health insurance scares me. Even when you have it they find a way to still bleed you dry. It's all those deductibles and out of pocket expenses that scare me the most. I planned on doing something (somewhere else) until at least 57 or 58 when my wife can also retire, but it feels like I might be better off just sticking it out here.
Plus, my wife and I would like to move eventually, so that throws the whole mortgage thing out of whack. I doubt our new place will be less than our current place even though we want to downsize.
You know the housing market has been quite weak... So you might be able to get something for less...
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