Quote:
Originally Posted by dpg
Broadhopper - is retirement an option? While you were making "good money" did you worry about putting away what you should of for the "rainy day" we all hear about? How about a 401K, did you have one? Not trying to be nosy just wondering about other options. I to work in the defense industry and your right, I would imagine 59 is not an easy age to find a new job.
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Big penalty if I withdraw my pension before age 60. I don't have enough cash to make it to 60. The pension plan does not keep up with the times. The plan expect me to start social security at 65. because of my age, social security should start at 66 without penalty.
I put 3 girls through college. I have tuitions to pay. My divorce decree prevent me from giving the loans back to the girls.
I lost 60% of my 401K in the market. Also my company stocks went down about that much. I had royalties in the form of Nortel stocks. They went bankrupt and I lost it all.
I'm not ready to retire any way. I am still very much 'alive'. I want to continue what I have been doing until I feel I need to retire.
Thanks for asking. I'm sure there are others that want to retire. But can't afford to because of circumstances beyond their control.