Plan to retire in a few weeks- Please advise if anything different

[tourists24]

He has first world problems

I can't believe how many of my co workers put little or nothing into their 401k

They think the pension is going to let them live happily ever after.

The young ones usually do. I won't be dipping into my 401k for several more years but you definitely have to downsize your lifestyle if you want to try to just live off of your pension.

 

[IVE GOTTA PACKAGE 4U]

The young ones usually do. I won't be dipping into my 401k for several more years but you definitely have to downsize your lifestyle if you want to try to just live off of your pension.

I'm going to use some of the interest off of mine until o collect social security

 

[tourists24]

I'm going to use some of the interest off of mine until o collect social security

I haven't decided when I'm going to even touch mine or until I feel it necessary. I didn't retire completely debt free so I may dip into it when I can without penalty to finish that off. If not, I'll just let it ride til I die and then let my wife have it. She's 17 years younger than me so she should be around a lot longer than me

 

[IVE GOTTA PACKAGE 4U]

I haven't decided when I'm going to even touch mine or until I feel it necessary. I didn't retire completely debt free so I may dip into it when I can without penalty to finish that off. If not, I'll just let it ride til I die and then let my wife have it. She's 17 years younger than me so she should be around a lot longer than me

Why the rates are high?Now is a good time to look at a fixed rate annuity
I don't have any debt, but the age penalties on the pension are absolutely different. Are you killing me

And I have no desire to work another four or five years here.

 

[tourists24]

Why the rates are high?Now is a good time to look at a fixed rate annuity
I don't have any debt, but the age penalties on the pension are absolutely different. Are you killing me

And I have no desire to work another four or five years here.

I guarantee you approach it a lot better than me. You are much more calculated and deliberate. I am much more ignorant about financial matters with this area so as long as my 401k keeps growing then I'll stay put for now. I'm sure there are other ways I could earn more with it but I'm satisfied until I understand something better.

I decided after my 7th surgery that I would retire as soon as I turned 55 and I stuck with that. I don't live a fancy life but I live comfortable, have a modest home and always have food on the table (and beer). Awesome wife and a hobby to enjoy when I feel like it.

 

[IVE GOTTA PACKAGE 4U]

I guarantee you approach it a lot better than me. You are much more calculated and deliberate. I am much more ignorant about financial matters with this area so as long as my 401k keeps growing then I'll stay put for now. I'm sure there are other ways I could earn more with it but I'm satisfied until I understand something better.

I decided after my 7th surgery that I would retire as soon as I turned 55 and I stuck with that. I don't live a fancy life but I live comfortable, have a modest home and always have food on the table (and beer). Awesome wife and a hobby to enjoy when I feel like it.

Seriously, you should look at that long term fixed annuity, we can get over five, maybe close to 6 percent guaranteed
Look, that build up for a few years

And if you want to pay off some of your debt and your money is still in your 401k you can use the rule of 55 to avoid the ten percent penalty