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To: Jay who wrote (70848)1/10/1999 10:02:00 PM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
Jay - Re: " If you don't mind me asking, may I know how you
meet day to day living expenses? "

I pay cash for some expenses, and write checks for the others.

Once in a while, I use a credit card.

Just like regular folks.

Paul



To: Jay who wrote (70848)1/10/1999 11:28:00 PM
From: Len Roselli  Read Replies (1) | Respond to of 186894
 
Jay,

RE: Input from any one else who retired early would be most welcome.

I am not retired, but I may take the plunge any day now. I'm 55 years old (Gad, how did I get so old so fast?), so I guess I would qualify as an early retiree if I did it now.

One of the major things holding me back is the simple mechanics of dealing with Social Security and health care for my family (wife and two young daughters). Another, and probably more important hesitation, comes from the psychological acceptance of myself as a retiree. In other words, self-image. This is a tough one. What do you tell your friends when they ask what you do? Do you simply say, "I invest in tech stocks"?

Oh, yes, there's the money issue. All I can say about that is, if you are concerned where the money will come from, you're not ready to take the plunge. Another way to say it, you haven't been invested in tech stocks long enough.

len

PS. I can't tell you how Paul pays his bills, but, judging from the number of posts he writes for this thread, I'd say he has a regular 9 to 5 job!



To: Jay who wrote (70848)1/10/1999 11:40:00 PM
From: Elmer  Respond to of 186894
 
Re: "I understand you are retired. If you don't mind me asking, may I know how you meet day to day living expenses? Input from any one else who retired early would be most welcome."

Jay, I would think that that is one of the things you need to have covered before you can join the ranks of the early retired. In otherwords, if you were ready to retire early you wouldn't have to ask...

EP



To: Jay who wrote (70848)1/11/1999 8:10:00 AM
From: JDN  Respond to of 186894
 
Dear Jay and others: If you are contemplating retiring early (I retired at 47 now age 55) the first and most important thing you must consider is where, how, and how much it will cost for health insurance. Personally, I think its CRIMINAL how poorly early retirees without company or govt sponsored health plans are treated. Luckily for me my wife is 10 years younger than I, enjoys her work and continues to work which for now allows us to be insured in her Group Plan. However, because she is working we are somewhat hampered in the amount of travel I would like to do. Luckily there, she gets 6 weeks vacation.
The other advice I would recommend is pay off ALL DEBT before retiring. Not only does that give you a sense of security but when you get out from those monthly payments you would be amazed how much money you save. JDN



To: Jay who wrote (70848)1/11/1999 12:02:00 PM
From: Richard Nehrboss  Read Replies (1) | Respond to of 186894
 
Jay,

I'm another who has retired early. I retired at 28. I spent the first year or so on a sail boat. My new wife and I were going to sail around the world. Well, she got pregnant and that ending that adventure.

I now am a stay at home Dad, and my wife is a stay at home Mom. We tell people that we are trying to bring the stats higher.

Retirement brought some interesting issues. More strife with wife, since two of us are home all day and have many opinions. Less productive feeling. I'm just starting to identify these. The new plan is to start a new company. With very strict limitations of time to 10-20 hours per week.

Thought you might be interested.

Richard