👴👵 Ready To Retire?

[SpringIsHereSoHappy]

Here are my "suggestions" - everyone please ADD to my list. Thanks  Nicole 👴👵 (Retirement Forum)

(1) Decide when to start Social Security.

(2) Sign up for Medicare or other health insurance.

(3) Check your retirement benefits.

(4) Take advantage of last-minute benefits at work.

(5) Consider rolling over your 401(k) to an IRA.

(6) Make a financial plan.

(7) Decide what to do next.

[nctarheel · Accepted solution]

Luckily, I worked for a company that let me retire with full benefits after 30 years of service AND paid for my health insurance until I was of Medicare age.

I decided to take Social Security early as my family is not particularly long lived.

Applying for Social Security was a "breeze" on-line and Medicare was automatic because I was already receiving Social Security.

My experience in retirement is that you won't spend near the amount of money you did as a working "stiff" so these advisors that say you need to be prepared to spend 80% of what you did while working are full of crap.