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Old 08-22-2014, 6:40pm   #12
lspencer534
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One can'r help but worry when there's a reduction in income. You're still 9 years away from Social Security, but as small as it might be, it helps. Your biggest worry soon will be the cost of health care, and it only gets worse when you get on Medicare. Be very selective when your purchase supplemental Medicare insurance. Most folks wind of with medical care costs that are much greater than before.

You of course need substantial savings to augment your retirement income and SS. Most folks think of having a million dollars saved as everything they'll ever need. Most of them are sadly mistaken. People live so long now that most of them outlive their resources.

After you've been retired for a year or so, you can more accurately judge how the money is holding out. Don't be afraid nor ashamed to get another job if need be. And, of course, don't wait too long to get another job.

I'm retiring in 2 years and really looking forward to it. I'm comfortable and not really worried about it. But that can change for anyone.
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