tag:blogger.com,1999:blog-8539942105680988988.post7510463842275531646..comments2024-03-28T20:18:00.528-04:00Comments on DEBBIE-DABBLE BLOG: How to Retire Early......Debbie-Dabble Blog and A Debbie-Dabble Christmashttp://www.blogger.com/profile/09393980831584145593noreply@blogger.comBlogger26125tag:blogger.com,1999:blog-8539942105680988988.post-87384322723393775322020-08-27T06:56:29.854-04:002020-08-27T06:56:29.854-04:00Peggy,
Good Luck to you if you decide to try quit...Peggy,<br /> Good Luck to you if you decide to try quitting...Like I said, we were all shocked that he did it but money was a huge factor!! LOL!!<br />Hugs,<br />DebDebbie-Dabble Blog and A Debbie-Dabble Christmashttps://www.blogger.com/profile/09393980831584145593noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-21612613547392821302020-08-26T18:42:48.839-04:002020-08-26T18:42:48.839-04:00Thank you, I too really need to quit! I think you...Thank you, I too really need to quit! I think you have to make up your mind, get some help like the patch and quit. Tell him I think it's wonderful that he quit because it is very difficult and he's an inspiration to me!Peggyhttps://www.blogger.com/profile/01052273929445647363noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-89831518932194962482020-08-16T20:36:17.232-04:002020-08-16T20:36:17.232-04:00Great info! It's not too far off for my husba...Great info! It's not too far off for my husband and I, either1Two Chicks and a Momhttps://www.blogger.com/profile/02961265386498071230noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-9945149127448247402020-08-15T11:57:49.832-04:002020-08-15T11:57:49.832-04:00Great post! A financial planner is a huge help in...Great post! A financial planner is a huge help in planning for the future and I am so thankful for spending time with one early on. They have knowledge and ideas that I certainly would never have found otherwise. I laughed at Joe's quit smoking move. My husband had tried to quit two or three times, and never succeeded even when his mother offered him a substantial "bribe". Then a young lady in a youth group I led lectured him quite soundly about the health and environmental issues. He quit that night and has not smoked once since! SMH!! He also used the patch. Enjoy your retirement and thanks for sharing your story! Charlene@APinchofJoyhttps://www.blogger.com/profile/15409730115634400018noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-77606383875556803592020-08-14T09:50:11.766-04:002020-08-14T09:50:11.766-04:00Peggy,
My husband was well motivated when he quit ...Peggy,<br />My husband was well motivated when he quit to save money so he could use it to pay for our Season Hockey tickets for the Pittsburgh Pens AHL team that play in the arena right by our house. He had cut back to not smoking i the house or car. He went to our family Physician and obtained an order for the "patch" which contains decreasing dosages of nicotine over a several week period of time. As I laugh, he was strongly motivated to save money so when he quit, he never even went back and smoked one single cigarette once he started the patch. He actually amazed everyone because he never tried to quit before!! Good Luck to you!!<br />Hugs,DebDebbie-Dabble Blog and A Debbie-Dabble Christmashttps://www.blogger.com/profile/09393980831584145593noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-55934678272899001432020-08-12T21:57:00.863-04:002020-08-12T21:57:00.863-04:00I am interested in how your husband quit smoking a...I am interested in how your husband quit smoking after so long. Thank youfor your wise words. Peggyhttps://www.blogger.com/profile/01052273929445647363noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-79334881870052808872020-08-12T13:47:35.629-04:002020-08-12T13:47:35.629-04:00Words of wisdom, Deb. Great for the "younger&...Words of wisdom, Deb. Great for the "younger" generation to think about. We had a 401K when Jerry retired the first time. Then we both had retirement from school district and the kids rent our house in Santa Cruz. We have Social Security and it all helps. With only SS we couldn't make it. We still have to be careful. It is really expensive to live now..Stay well..xxoJudyJudy at GoldCountryCottagehttps://www.blogger.com/profile/10282585980012016892noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-19524019794408984232020-08-12T10:44:56.951-04:002020-08-12T10:44:56.951-04:00You have proved that with lots of planning, resear...You have proved that with lots of planning, research and determination, you can have a comfortable retirement one day! We also crunched numbers, and thanks to my husband's NYC job, have his pension. We were able to retire at age 59 and have never regretted getting an early start on this wonderful time in our lives! So glad to hear that you are also enjoying every moment of your retirement!!Life Of 2 Snowbirdshttps://www.blogger.com/profile/04671929539494372073noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-38555753947427572512020-08-10T20:55:08.204-04:002020-08-10T20:55:08.204-04:00Great post, Debbie. Very interesting and informati...Great post, Debbie. Very interesting and informative. I agree you need to start planning early. My hubby and I have been planning and preparing for when he retires. It sounds like you were well prepared and weighed all of your options. Thank you so much for sharing and have a blessed week. Melisa- pinkernpunkinquilting https://www.blogger.com/profile/07653918791229255693noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-7818744434955063512020-08-10T12:03:48.574-04:002020-08-10T12:03:48.574-04:00Rex,
I see you messaged me on face book to friend ...Rex,<br />I see you messaged me on face book to friend me....Send me a friend request by clicking on to the link on my side bar and i will accept....I hope this post helped and thanks for commenting..<br />DebDebbie-Dabble Blog and A Debbie-Dabble Christmashttps://www.blogger.com/profile/09393980831584145593noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-23641840992894750292020-08-10T11:59:03.402-04:002020-08-10T11:59:03.402-04:00Great advice we are getting ready to retire in a f...Great advice we are getting ready to retire in a few years, well hubby, I have just had very little jobs over the years, mostly babysitting. Did a lot of volunteer work but that doesn't help.Conniecrafterhttps://www.blogger.com/profile/09266327228870948083noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-24061289142776612392020-08-10T11:57:11.916-04:002020-08-10T11:57:11.916-04:00Thank you Debbie. The 100k is an IRA with Lincoln....Thank you Debbie. The 100k is an IRA with Lincoln. I am very comfortable living on my monthly pension as I did work for 34 years. I will start receiving my Social Security next year. I plan on just saving it. My home is almost paid for. It is a 2 story but had 2 bedrooms downstairs. I also have other savings. Debbie thank you for your posts. I enjoy seeing your home all dressed up. If you lived closer I would gift you with many things that I no longer use. Best Regards RexMiller Rexhttps://www.blogger.com/profile/13592864358924379385noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-73365031123477536582020-08-10T10:02:04.133-04:002020-08-10T10:02:04.133-04:00I am sure in the profession you were in you do enj...I am sure in the profession you were in you do enjoy your time now. Lot of years listening to moaning and groaning I am sure. I bet you are not missing cleaning off a snowy car to get to work now too. That's hard.<br /><br /> I used to ride the stationary bike at the YMCA and now I need to start back. My husband was doing laps in the pool every night at the Y and really missed it when it closed a while due to virus. <br /> My doc said that when I got the first one TKR that I probably wouldn't need another, but I hear different from other people who have had two. Oh well, will have to see how it goes. Betsyhttps://www.blogger.com/profile/12285774814387516190noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-77180166495828286112020-08-10T09:53:49.841-04:002020-08-10T09:53:49.841-04:00This is a very good read. Sounds like you have pl...This is a very good read. Sounds like you have planned very well. Good for you. I also am retired and loving it. anointedtodayhttps://www.blogger.com/profile/12032619612996754727noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-83916803506145851032020-08-10T09:43:20.338-04:002020-08-10T09:43:20.338-04:00Betsy,
Joe worked part time and now has recently q...Betsy,<br />Joe worked part time and now has recently quit working at Wegman's as they wanted him to work weekends and evenings. For him, missing the socialization that a part time job provided will be a factor that he will have to deal with. For me, I consider myself anti-social after dealing with the general public when they are at their worst...when they are ill.....I honestly have no desire to be around people, especially those that I do not know. Right now, my other knee is doing well because of the time I spend on my stationary bike so I hope to not need another knee replacement until I am in my 70's. However, when that time comes, I will not put it off like I did with the first one. I wou;d rather have it done and get it over with. Thanks for commenting!!<br />Hugs,<br />DebDebbie-Dabble Blog and A Debbie-Dabble Christmashttps://www.blogger.com/profile/09393980831584145593noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-71421627130850535862020-08-10T09:36:21.328-04:002020-08-10T09:36:21.328-04:00Miss Merry,
I too am glad we stayed in our 1300 sq...Miss Merry,<br />I too am glad we stayed in our 1300 sq. ft. townhouse but I only wish that there was not 13 steps to get up from the parking lot to the sidewalk in front of our townhouses..And that we have a second story..That is why in about 10 years from now if we are both still alive, we will be looking at putting yet another new roof on this house. That is when we may decide to sell this house, put the money into an annuity that pays us monthly and use that money to pay rent on a one floor maintenance free apartment. That is going to be the next consideration in our plan...whether to keep this house or move to a handicapped accessible one floor apartment without maintenance...<br />Hugs,<br />DebDebbie-Dabble Blog and A Debbie-Dabble Christmashttps://www.blogger.com/profile/09393980831584145593noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-35195325013795040772020-08-10T08:33:01.331-04:002020-08-10T08:33:01.331-04:00This is an awesome post and I have read all of you...This is an awesome post and I have read all of your posts on the subject. You are one smart cookie lady. I am going back to add this post to my saves. Thank you for taking the time to invest in your blogging friends with this subject. Hugs and blessings, CindyCreations By Cindyhttps://www.blogger.com/profile/06652249357420269173noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-19391637869734812020-08-09T22:13:53.690-04:002020-08-09T22:13:53.690-04:00great post - it's a serious subjectgreat post - it's a serious subject Carol @Comfort Spring Stationhttps://www.blogger.com/profile/18308702098757071897noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-66642205727072337132020-08-09T21:19:55.607-04:002020-08-09T21:19:55.607-04:00A funny story - and I bet you have heard the same ...A funny story - and I bet you have heard the same - is that a lot of people who always told us our house was too small with all our children - now tell us we were smart to stay in our smaller single story home. I will admit that I did not fully realize what a wise move that was until my mother developed ALS and then my dad had a stroke. I will admit the fact that our home is "flat" was dumb luck :) Miss Merryhttps://www.blogger.com/profile/10691152819794851137noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-51785190026750634672020-08-09T18:15:10.463-04:002020-08-09T18:15:10.463-04:00Miss Merry,
We had the option to take less of a m...Miss Merry,<br /> We had the option to take less of a monthly payment of my husband's pension which would then give me a spousal death benefit if he passed away. If I passed away first, he would have lost all that money. So we chose not to take the death benefit for me as I receive more in the way of Social Security combined with my annunuity that pays me $1000 a month than his SS and pension combined.Instead, we use that extra monthly money to pay for life insurance policies for both of us so someone will be able to get some type of money when either one or both of us die.Joe is on medicare as I carried him on my health care insurance since mine was so much better than the one offered by the Post Office. I am now on Cobra and at the end of this year, I will have to find health care insurance for myself...The car that we have now should last us hopefully until we die because since we live so close to everything, there is very little mileage being put on it...We did travel a lot when our sons were young because that was the time we thought it was important to do so , creating memories for our sons..We still live in what I thought would be our starter house and I am glad that we did not move because we are so close to everything. The reason why I wrote this post was because I was being bombarded by other people asking how we did it because they can not imagine being able to retire early...When I tell people that we planned for this, most of them are dumbfounded as the thought never occurred to them!! Thanks for your input!!<br />Hugs,<br />DebDebbie-Dabble Blog and A Debbie-Dabble Christmashttps://www.blogger.com/profile/09393980831584145593noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-86003295294134708812020-08-09T17:56:45.148-04:002020-08-09T17:56:45.148-04:00As I am not sure where you have 100K invested, I a...As I am not sure where you have 100K invested, I am not sure....I pulled most of my money out of my 401K when I turned 591/2 which was the age that my plan allowed me to do so. At that time, I set up an annuity with $200,000 that would start to pay me $1000 a month when I turned 62 years old and will continue for as long as I live....My husband has money in an annuity but it is different and every year, we can decide to leave it there or move it into something else. I suggest you meet with a financial planner, Most credit unions offer it as a Free service if you belong to one...<br />DebbieDebbie-Dabble Blog and A Debbie-Dabble Christmashttps://www.blogger.com/profile/09393980831584145593noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-25493050708138428752020-08-09T17:05:51.995-04:002020-08-09T17:05:51.995-04:00We're retired and my husband went back to work...We're retired and my husband went back to work. He is working part time in the same place and business and likes it. Works from home and only has to go downtown once in a great while. He said he likes keeping in touch with whats going on. I wished some times I had a part time job as I miss being out around people more. <br />Speaking of knee replacement for you at 55 and being too young and may need another, I shouldn't have to get another on the same knee, I hope not. I was 62 when I had it done. Now at 66 I know I am needing a replacement on my other knee. Hate that. Gosh I wish there was another way.<br />Betsyhttps://www.blogger.com/profile/12285774814387516190noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-80858782129049144522020-08-09T15:43:06.116-04:002020-08-09T15:43:06.116-04:00I should add that my "spouses pension" i...I should add that my "spouses pension" is more than my PERS and Social Security will be added together. My husband's union will help me apply for both, have them sent to them when I turn 65 and they replace part of my spouse money so I remain whole. Since pensions are a thing of the past, young people really need to invest wisely in 401Ks. Miss Merryhttps://www.blogger.com/profile/10691152819794851137noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-8798333870252471142020-08-09T15:40:18.364-04:002020-08-09T15:40:18.364-04:00It sounds like you really planned well. My son is ...It sounds like you really planned well. My son is working with a financial planner and almost paid off a home before he was 30. He would refinance and roll the equity into the principal and keep the payments the same for a shorter period. He was able to sell that house and buy one for twice the price. He still invests and just rolled his 401 K into mutual funds. I dont' even understand half of what he is doing. <br /><br />I totally believe in planning ahead for retirement, too. My dad was still working at 81 when he suffered a stroke. My mom worked way past 65. My husband had a job with a pension. I never really counted on it. He was able to retire at age 60 with 30 years. My original plan was my Public Employee Retirement which I had vested 15 years which meant I would have free insurance and we could purchase his policy at a discount. Well, bad investments in Enron (not me, the fund) and the insurance options disappeared. I was then working in the private sector. I began to apply for office jobs at our local hospital which offered great insurance. I was thinking I could continue working after he turned 60 and carry the benefits. That plan got squashed when my dad suffered a serious stroke and I had to quit my job early to care from him. <br /><br />The part of my husband's pension that I never ever considered would still be in place when he retired was the "spouse's pension". Since I am 10 months older than my husband I qualified as soon as he retired. Spouses get an additional half of what his monthly pension is. This pays for our insurance and a little extra. We had our home paid for, as well as our automobiles when he retired so we are set. <br /><br />We also do not travel much or have expensive tastes. I still deposit the "car payment" in a savings account every month so we will have the money to replace the vehicles by paying cash. We found we saved a lot of money after we both stopped working on gas, car repairs, eating out, etc. <br /><br />The only problem we have is that some of our friends make snide remarks about how we were able to retire at 60 and that we lucked out. LUCK had nothing to do with it. We have always lived frugally, we have always saved, we have always planned. We may have altered plans, but we still did what we could to make it work. We never took the kids to Disney or moved out of our starter house (we did build an addition - in the plan!), we never had fancy cars or a boat or motorcycle. I had a friend who lost her husband early and wanted to be able to spend time together before it would be too late. We love retirement. Miss Merryhttps://www.blogger.com/profile/10691152819794851137noreply@blogger.comtag:blogger.com,1999:blog-8539942105680988988.post-26479500148764141852020-08-09T12:52:22.128-04:002020-08-09T12:52:22.128-04:00I have a question? I retired from the State at age...I have a question? I retired from the State at age 60 and receive a monthly pension check. I will receive my Social Security next year. Is it too late to put money into an annuity? I have 100k in a fixed rate account that I would like to use. If you know please tell me if that can be done. Regards RexMiller Rexhttps://www.blogger.com/profile/13592864358924379385noreply@blogger.com