Ditto to everything Magoo said.

You may find, as did I, that it is less expensive to be retired.

Ex. No school commuting expenses
No school giving and giving and giving and giving
Senior discounts
No special school clothes
No union dues and other fees

And many, many more.

On 10/31/09, Magoo wrote:
> On 10/31/09, Rita/KY wrote:
>> I am trying to plan ahead for early retirement. I had
>> originally always planned to work for 30 years. Since my
>> lupus diagnosis, I have reconsidered this. Kentucky has an
>> early retirement option of 27 years of service. I am
>> planning on doing this, and can retire in 2 years. I will
>> have to take a pay cut, but my house will be paid for. I am
>> paying extra on other bills, in order to have as much paid
>> for as possible before my check is lowered. Hubby will
>> still be working, so we will still have his income, too.
>>
>> I have some questions for you folks who are already
>> retired. What sort of things do I need to be doing in
>> preparation for retirement? Are there any tips or
>> suggestions you can give me?
> ============
> Sounds to me like you are on the right track.
> IMHO---#1 priority would be to get the house paid for. When
> my father died 5 years ago, I got a little $$ and that's what
> Hubs and I did, and it's amazing what a relaxing feeling it
> is. I hate this house, always have, always will, would LOVE
> to be able to move to something nicer (and on one level),
> BUT, the darn thing IS paid for and that is wonderful. :)
>
> Take another look at your medical insurance, make sure you
> have what you need.
>
> Are your vehicles okay? Make sure what you have is reliable.
>
> Pay off every single thing you can, ASAP. Paying double
> while you can is a good idea.
>
> If your district ins. covers eyes and teeth, get your eyes
> and teeth in good shape before you lose that ins.
>
> Do this one drawer/closet/room at a time, and not in a hurry,
> but--go thru your entire house and Weed Out. It makes things
> easier in the long run. Downsize as much as you possible can.
>
> Maybe give up all but one credit card (if you have more than
> one). We did that and life became easier. We try VERY hard
> to pay it off at the end of the month but that's not always
> possible. (When the freezer died and we had to get a new one
> within days, we couldn't pay it off in one month.)
>
> Hubs and I live on his retirement from a state job (which is
> pretty low), both our Soc. Sec., (I took it at 62, he waited
> till 65), and whatever I make subbing. Overall, we make less
> per year now than the cost of a new car, but we manage.
>
> There are a lot of perks about retirement.
> Start a list of the things you've always wanted to do but
> didn't have time for before........ :)

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