RETIREMENT - At what age did you or will you throw in the towel?

[Tone357]

For those that retired at 62 what are you paying monthly for Health Insurance. I will be 62 in May and retire in Dec.

$164. Get a Medicare specialist to help you through the maze of options. They are paid by the government, not you.

[1stindoor]

Tricare, so I have a very modest annual fee. I have about 4.5 years before Medicare rears its head and my costs go up.

[SLAYERFISH]

Retired at 62 that was 5 years ago. Wueurcchk? How do you spell that? LOL. Hiked 7 miles at 9000 ft yesterday fishing for trout and pike. On a Tuesday. Love retirement.

[Clif]

I retired about 11 years ago at 53. I wasn't so much ready to quit working as much as quit throwing a suitcase in the truck on Monday morning and not return until Thursday night. I now work a little for a former supervisor who is a land surveyor. I plan to work as long as I feel like doing it. We still take a day or two off to hit the lake during the week when it's less crowded.

[KC Ranger]

Everyone's situation is different. Its whatever a person decides is right for them. I have a cousin that retired at 45. He owns a tax prep service, a 3000 acre dairy farm and a local bank which he sold. He likes to fly his private plane and play in bands for musicals. He was surprised that at 59 I'm still working. I've been with the same outfit for 37 years and I plan to retire at 62. My kids are older than most of my coworkers and that bothers me sometimes as I used to be the young kid in the building. If I could, I'd retire now and not look back. Its been a long wild ride here.

[Boat4Life]

I retired at age 59 with over 36 years with one company. It is great!

[ManxFishing]

For those that retired at 62 what are you paying monthly for Health Insurance. I will be 62 in May and retire in Dec.

I thought it would be a crazy amount
It's all based on How much money you will be collecting
A friend had a guy he used. And they sent me Quotes from 3 different heath providers. Each had 10 or so plans with different deductibles
I picked a plan close to what work provided. It's 87 bucks for me. My first Choice was 27 but my current doctor wasn't in that plan
BCBS

[jcruse64]

I left at 62 years of age. I put in 45 years at the same company, never once hated going to work until a month or two before my 45th year anniversary. It got to the point where I just didn't want to be there any longer. I crunched the numbers and it looked good, so I put in my notice and never looked back. I had a coworker who was so focused on getting every dime he could that he sold several of his vacations back to the company, and worked every single holiday to fill his bank account. When he finally retired, he died in his sleep the first day. Don't be that guy.

I think about this scenario a LOT, to be honest, and it's this kind of thing that is getting me to plan to go out at 62, which is less than 1 1/2 years from now. I'll be 62 next September, and I may retire at the end of next year, instead of on my BD, but it will be soon. My wife retired last year and she and her 2 partners closed down their CPA firm after selling off a big part of it. She had nearly 36 in, and wanted to sell out 5 years before, and her health has suffered for it. This is really the only reason I've thought about going to 65 or 66, to maintain a decent work-provided insurance plan, but she REALLY wants me out of it with her, so I probably will go at 62 and try to make sure we get some good years in together while we can.

I've been at this one place for over 31 years, having hired in here in my late 20's. Seems to be several of us with +30 year commitments to one employer, and some of you with the 20 or more in the Armed Forces (my hat is off to you, that is a bigger thing than 30+ in non-military, to me).

We've done very well for ourselves and have been good money managers for all our time together, so finances aren't troubling me, except for getting us medically insured until we both hit 65; she is one year younger than me. We're just starting to investigate the options out there in KY for us.

[davidsa]

if someone likes what they do and could do it on a lessor basis, I think that would be an awesome solution. if you hate what you do or your body can't do it any longer, that is a different story.

[av]

Planned on 62 now 63 , I just don't see it being possible to retire with current hobbies between bassin , restoring muscle cars , harleydavidson riding and buying , second home ... I am screwed until I give up some hobbies , but good luck with your decision

[Landem]

I will be walking out on a 31.5 year career with USDA in about 2 hours. I've worked for USDA since I was 21 and I'm now 53. With the government agencies downsizing, I was offered to take a delayed resignation until 9/30/25 and will start administrative leave tomorrow. On 9/30/25, I will early retire, while keeping my insurance with no penalties for early retiring. I have other things that I plan to do to help compensate, but I also hope to be able and fish more. My wife is in education and eligible to retire now, but plans to work one more year.

[Bassin08]

I retired at 62 in 2005. I would do it all over the same way. No regrets.

[Bob G.]

For those that retired at 62 what are you paying monthly for Health Insurance. I will be 62 in May and retire in Dec.

I'm currently paying $561/month for ACA (BCBSVT). I will be signing up for Medicare Aug 1st for November. I'm going with Medicare A & B, the cheapest Part D for prescriptions as I don't take any meds except for an occasional derm cream. I'm still on the fence between the cheapest Medigap in VT, State Farm or stick with BCBSVT. If I don't go with BCBSVT first and want it later, it costs $137 more per month.

[jjue1979]

It looks like I'm targeting around 60 because my wife's current employer's retirement benefits cap out after 28 years of service, and I'm not going to continue to work for an extended period of time while she sits at home. The only way that I'll end up retiring before she does is if I get a nice buyout before her retirement date, but there may be some opportunity for overseas work assignment and final projects if she retires first and continue to work for a couple of years past 60.

[Swerve-n-Protect]

I will be walking out on a 31.5 year career with USDA in about 2 hours. I've worked for USDA since I was 21 and I'm now 53. With the government agencies downsizing, I was offered to take a delayed resignation until 9/30/25 and will start administrative leave tomorrow. On 9/30/25, I will early retire, while keeping my insurance with no penalties for early retiring. I have other things that I plan to do to help compensate, but I also hope to be able and fish more. My wife is in education and eligible to retire now, but plans to work one more year.

Congrats!!!! I hope it gets offered again in 2 years, I'm at the VA...with 2.5 years to retire at 64...

[Whiteboat]

For those that retired at 62 what are you paying monthly for Health Insurance. I will be 62 in May and retire in Dec.

I retired at 62 and stayed on COBRA for 18 months and then moved to a private carrier policy where we paid $1,500 a month for four years I am now on Medicare with AARP supplement coverage while the wife is still on private insurance paying $900 a month. She goes on Medicare this year.

[Jeff Hahn]

For those that retired at 62 what are you paying monthly for Health Insurance. I will be 62 in May and retire in Dec.

I took an early buyout. So, my health insurance was continued under my employer at the regular price until I turned 65 and could get Medicare. Once I turned 65, I went to a Medicare Advantage Plan provided through my employer that cost $89 a month and my former employer paid $50 of that, so my cost was $39 a month. We just had the first increase in 12 years and I now pay $49 a month.

[WarEagleChatt]

I have 41 years with same large manufacturing company. I am 9 months away from 62. My estate plan is complete and I am counting the days to leave modern corporate America behind. I cannot imagine missing that place in any possible scenario.

[Roddy]

Retired at 60. Life is good!

[Roddy]

I took an early buyout. So, my health insurance was continued under my employer at the regular price until I turned 62 and could get Medicare. Once I turned 62, I went to a Medicare Advantage Plan provided through my employer that cost $89 a month and my former employer paid $50 of that, so my cost was $39 a month. We just had the first increase in 12 years and I now pay $45 a month.

How did you get on Medicare at 62? The only way to do that I know of is go on disability.