Retirement.

**China** · 31st December 2021, 03:56 PM

As said above only problem with retirement is now you will be really busy and will have no spare time, plus if you are bit of a I can make this, fix this type of person don't dare tell any one you have retired.

rrich · 3rd January 2022, 05:10 PM

Congratulations Vann on retirement!

I was unceremoniously 'Retired' Cinco de Mayo, 2003. My manager was terrified of the process, she was about 20 years younger than I. The words that she used were "Your position has been eliminated". All I could do was to laugh. I had done the homework and knew about the benefits. Because I was a considered a 'Commissioned' employee and a 22-year employee, the company paid me for 44 weeks with about a 60% raise. Then I retired. Because I was a laid off employee the penalty for 'early' retirement was 2.5% per year and not 5%. I still laugh every time I go to the bank.

Through sheer luck, I learned that there only two things that are very important in retirement. The first is absolutely critical, where do you get your health care. The second is, 'What are you going to do?' As for income, whether it be pension, savings, government retirement funding or the dole, it kind of takes care of itself.

Don't envy us blokes her in the US, because we have Medicare. To put it bluntly, Medicare is the road to bankruptcy. I watched my parents flirt with bankruptcy for medical care. Medicare only covers hospital and only at 80%. The retiree is left to cover 20%. The only good thing about Medicare is it will pay for supplemental coverage from a private insurer. Here, the best thing to do is to find a NOT-FOR-PROFIT HMO and sign up. Co-Pays are almost nonexistent, and coverage is about the best you can get.

Anyway, pardon my soap box and enjoy your 'Golden Years'.