Tag: retirement planning

Nov 15, 2020
By Michael Rupured
Comments Off on Winding Down

Winding Down

My thoughts about when to retire have changed many times over the years. Early on, saving for the golden years wasn’t a priority. Retiring before 75 or even 80 seemed unlikely. Saving enough seemed impossible — even after I finally started putting money into retirement accounts. For the longest time, quarterly statements confirmed I’d indeed be very old before I’d have enough to fund my retirement. Oh well. Better not enough than nothing at all. I kept contributing through several jobs, ending up with 15 to 20 aggressive-growth mutual funds. Statements from several brokers came at different times without attracting my attention. Then I sat down and added them all up. The grand total made me nervous. I couldn’t stop …

Mar 11, 2019
By Michael Rupured
Comments Off on Countdown to Retirement

Countdown to Retirement

Last week I celebrated my 61st birthday. Had to call 9-1-1 after my house filled up with smoke. Birthday candles were not involved. Somehow, I accidnetally closed thechimney flue when adding another log to the fire. Fortunately, the only damage was the lingering smell of smoke. Next year, retirement becomes an option. Barely. I’ll be 62 — old enough to collect Social Security. The longer I work, of course, the bigger that check will be. Social Security won’t be my only source of income. I’ll also get a small pension from a former employer. Most of my retirement income, however, will come from tax-deferred accounts. As long as I keep working, me and my employer will continue to contribute to …