So my question is what is a year of healthy retirement worth? I am a 55 years old and now eligible for retirement from the fire department with almost 30 years of service. It seems like a bit of a no brainer to retire why I am still healthy and can do all the activities that I love. If I retire in 6 months I will get a 125k pension which also gets a 3% COLA every year. However we are completely on our own for medical benefits once we retire. 400k in a 457/401k plan. We still owe 300k on our primary residence and will need to tap into the retirement savings to pay the mortgage. Or I can keep working for a few more years to insure I don’t use the retirement accounts until needed. So getting back to the original question. Is it worth retiring and using those retirement funds to pay off our only debt in order to gain a few years of healthy retirement?
Statistics: Posted by phunhog — Sun Sep 29, 2024 3:25 pm — Replies 7 — Views 835