Retirement - Page 2

WillyGreg · 03-12-2008, 09:39 AM

I work for MetLife and we recently created a Social Security Decision Tool to help people understand when it’s best to apply for Social Security based on their retirement goals. Thought it would be useful in the conversation – any feedback would be great too. We really like it but I’d love to know what you guys think.

http://www.metlife.com/Applications/...P17259,00.html

urvi88 · 06-30-2009, 04:18 AM

Quote:

Originally Posted by WillyGreg

I work for MetLife and we recently created a Social Security Decision Tool to help people understand when it’s best to apply for Social Security based on their retirement goals. Thought it would be useful in the conversation – any feedback would be great too. We really like it but I’d love to know what you guys think.

http://www.metlife.com/Applications/...P17259,00.html

Thanks for your suggestion, i will surely see to it.

money blogger · 06-30-2009, 08:29 AM

Retirement is based on income not age.

Xin Lu · 06-30-2009, 12:18 PM

Yeah that Metlife decision tool isn't very useful for me since I'm only 25. It starts at age 40.

BGMeyer · 07-01-2009, 08:33 AM

I tried it and it is interesting, even somewhat informative. I have a wrinkle that it does not calculate and that I really could use: I get a tiny pension from my old library job. As a result, my SS is cut by about 33% (maybe more) when should I take my SS benefits then?
barb

marcoferrari · 07-16-2009, 06:49 AM

I'd start my journey with all the preparations in place.

Charley Forness · 07-16-2009, 06:41 PM

A contrarian view to the contrarian view...how about trying to do what you love right now, and make money doing it? Yes, the thought thru everyone's head (including mine) is "easier said than done." But if you really love what you do, you may not ever want to retire. I've found that for the people I know who retired early, and the many testimonials I have read about the same, most folks find that they are extremely bored sitting around doing nothing in retirement. I would suggest not ever actually retiring.

There is nothing that says you can't set an income goal and then when you reach it, alternate between periods of retiring and bumming around or traveling or whatever non-money making activity you choose to do, and then picking up some work later on...I guess that's textbook semi-retirement.

I just know that when I was 18, I thought that it would be grand to retire at 30 as a millionaire. At 30 I was broke...but now that I am 36, I'm quite comfortable and own my home outright. I could stop work for a year and support myself if I really needed to (if work became unbearable), but now with three new babies, there are responsibilities I place on myself to not just plan for my stability and future but also for my children's till they at least get out of school.

Just my two cents...compounded over 18 years of adulthood.

-Charley

angel02 · 07-19-2009, 04:56 PM

It is definitely good to have a goal but you might find yourself questioning your goals along the way...

TightFistedMiser · 07-20-2009, 01:36 PM

Another option is semi-retirement. My plan is to work at a job half the year and spend half the year doing other things such as traveling. I will still be working on my blog and writing when I'm not employed so it is not like I won't be doing anything half the year.

Retire Blogger · 07-20-2009, 02:48 PM

Life is a journey. Retirement is the point when you no longer have to work to financially support yourself. Retirement is financial freedom. If you reach the point when you no longer have to work, but your work gives you great personal satisfaction, then by all means keep working. The choice is yours.

03-12-2008, 09:39 AM	#11
WillyGreg Junior Member Join Date: Mar 2008 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (10)	Knowing When to Take Social Security is Important for Retirement I work for MetLife and we recently created a Social Security Decision Tool to help people understand when it’s best to apply for Social Security based on their retirement goals. Thought it would be useful in the conversation – any feedback would be great too. We really like it but I’d love to know what you guys think. http://www.metlife.com/Applications/...P17259,00.html

06-30-2009, 08:29 AM	#13
money blogger Junior Member Join Date: Jun 2009 Location: Canada Posts: 21 Thanks: 5 Thanked 1 Time in 1 Post Reputation: (11)	Retirement is based on income not age. __________________ Learn the secrets about money that the wealthy already know. Blog: http://www.howtomanagemoneytips.com

06-30-2009, 12:18 PM	#14
Xin Lu Wise Bread Blogger Join Date: Jan 2008 Posts: 440 Thanks: 0 Thanked 3 Times in 3 Posts Reputation: (92)	Yeah that Metlife decision tool isn't very useful for me since I'm only 25. It starts at age 40. __________________ The Baglady @ http://baglady.dreamhosters.com Wise Bread @ http://wisebread.com/xin-lu Following me @XinLuDJ

07-01-2009, 08:33 AM	#15
BGMeyer Junior Member Join Date: Jun 2009 Location: Chicago Posts: 28 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (10)	I tried it and it is interesting, even somewhat informative. I have a wrinkle that it does not calculate and that I really could use: I get a tiny pension from my old library job. As a result, my SS is cut by about 33% (maybe more) when should I take my SS benefits then? barb __________________ website: www.bgmeyer.com blog: bgmeyer.wordpress.com

07-16-2009, 06:49 AM	#16
marcoferrari Junior Member Join Date: Jul 2009 Posts: 8 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (10)	I'd start my journey with all the preparations in place. __________________ Business Funding We offer you the best Investment Opportunities, Business Funding, Business Finance

07-16-2009, 06:41 PM	#17
Charley Forness Junior Member Join Date: Jul 2009 Location: Sunny Buffalo Posts: 12 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (16)	A contrarian view to the contrarian view...how about trying to do what you love right now, and make money doing it? Yes, the thought thru everyone's head (including mine) is "easier said than done." But if you really love what you do, you may not ever want to retire. I've found that for the people I know who retired early, and the many testimonials I have read about the same, most folks find that they are extremely bored sitting around doing nothing in retirement. I would suggest not ever actually retiring. There is nothing that says you can't set an income goal and then when you reach it, alternate between periods of retiring and bumming around or traveling or whatever non-money making activity you choose to do, and then picking up some work later on...I guess that's textbook semi-retirement. I just know that when I was 18, I thought that it would be grand to retire at 30 as a millionaire. At 30 I was broke...but now that I am 36, I'm quite comfortable and own my home outright. I could stop work for a year and support myself if I really needed to (if work became unbearable), but now with three new babies, there are responsibilities I place on myself to not just plan for my stability and future but also for my children's till they at least get out of school. Just my two cents...compounded over 18 years of adulthood. -Charley __________________ My Blog About my Triplets and Living with Purpose

07-19-2009, 04:56 PM	#18
angel02 Junior Member Join Date: Jul 2009 Posts: 3 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (10)	It is definitely good to have a goal but you might find yourself questioning your goals along the way... __________________ Princess Cut Engagement Ring

07-20-2009, 01:36 PM	#19
TightFistedMiser Junior Member Join Date: Feb 2009 Posts: 21 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (10)	Semi-Retirement Another option is semi-retirement. My plan is to work at a job half the year and spend half the year doing other things such as traveling. I will still be working on my blog and writing when I'm not employed so it is not like I won't be doing anything half the year. __________________ Extreme frugality and personal finance from a modest earner's perspective at TightFistedMiser.com.

07-20-2009, 02:48 PM	#20
Retire Blogger Junior Member Join Date: Jan 2008 Location: San Francisco, CA Posts: 24 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (11)	Life is a journey. Retirement is the point when you no longer have to work to financially support yourself. Retirement is financial freedom. If you reach the point when you no longer have to work, but your work gives you great personal satisfaction, then by all means keep working. The choice is yours. __________________ Retire Green Save hundreds of thousands of dollars, retire years earlier, help save the planet!

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