Good luck, I think it's worth going for it. If I could pull off early retirement I would do it too. Unfortunately healthcare is the cloud over my head as well.
(Topic ID: 223399)
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Quoted from Bryan_Kelly:I hope you have a good plan for a 55 retirement. I've had friends say the same thing, until I point out to them that retiring at 55 instead of 62 means you'll not be saving 7 additional years, but will actually be spending 7 additional years. Also, those last 7 years of saving is when the interest compounding really adds up.
Especially when you have to assume that life expectancy will continue to increase and your chances of out living your savings is very real.
Quoted from jwilson:Reading everyone's story about dealing with health insurance is really scary. I live in a country with socialized medicine so having to think about what I would do if I lost coverage is so alien - even the most destitute homeless person here would be covered in the event of any medical need.
The fact you guys have to consider that makes me wonder why you put up with that instead of screaming for single payer socialized medicine.
Its because people are brainwashed into voting against their own self interest. If you're for single payer health care , (which I am) you get labeled a Socialist, which is a dirty word around these parts. No, instead we'll spend our money on other things like for instance, fighter jets we don't need. Nothing in our political system is ever done for the greater good anymore. It's all about greed and power.
Quoted from poppapin:Well somebody's paying for it as in higher taxes. Socialism IS a dirty word. Do you really want the govt. taking care of you?
I don't hear the Canadians bitching about their health care. At the very least they dont have to fear bankruptcy from a catastrophic injury. The bottom line is, not everything should be for profit. Health care and the prison system top that list. That's ok, we'll just stick with this ridiculous unaffordable system we have now.
Quoted from o-din:And I'm certainly not even considering moving to Canada where the healthy will pay even more so the ill can get taken care of.
Are you being facetious? That's exactly how and why all insurance works. Of course the healthy or the people who didn't wreck their car or burn down their house are covering those that did suffer an unfortunate incident.
Quoted from MrBally:Also, the interest on certificates of Deposit as well as gains on investments the insurance COmpaNies make.
Yes, that's understood, but it's not the basic idea behind how insurance works.
Anyway I guess I de-railed Odin's thread enough. Good luck with whatever you ultimately decide on your retirement .
2 years later
It's a bummer reading through this thread and realizing Who dey never lived to see his retirement.
Obviously nobody knows how many tomorrows any of us has left, so if you can do what you really what to do in life, then do it. I wont waste anymore time working a fulltime job than is absolutely necessary
Quoted from spfxted:I still help people with their films and projects. I work on graphics for people. I layout 2 magazines. I'm working on my series of books...Candid Monsters (on volume 9 now) and finished my book on Making The Deadly Spawn. Lucky to be having fun every day. (usually ends up with tequila and a cigar!)
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That's a cool way to spend your retirement, especially if you can make a little cash along the way.
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