15 Ways to Tell if You Are Ready to Retire

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Brother just retired in January after working since 1970, In March he went back to work to make ends meet, wife works p/t hes 62, retirement is a farce, heard the other day the
Government that ran on a Change u can believe in said we retirees should go back to work, its our patriotic duty to pay taxes, what a joke, Im 63 retired in April Cop with two pensions, I am sick about how this country has treated my parents, and now we inherit the mess, Ill just retire to my 5th wheel and let God sort out the rest good luck all us baby boomers its been an exciting ride, it just gets better, Thanx Barak...............................................................

welch of CA 1:34AM June 30, 2010

The CLASS Act's $50 per day "average benefit" will only cover a small portion of the $75,000+ per year most Americans pay for in-home care. Most people who want to protect their savings will still need to purchase long-term care insurance.
One of the biggest problems we face is that most Americans still think that Medicare or their medical insurance covers the cost of long term care.
The CLASS Act addresses this problem by making a very clear statement: You have to pay for your own long term care. You either have to pay for your own long term care by using your savings, the $50 per day CLASS Act benefit, long term care insurance, or a combination of these.
Most of the ten million Americans who own long term care insurance, own it because they've seen friends or family have to spend down their assets before qualifying for Medicaid. The CLASS Act will help alert the rest of the country to the fact that they need to financially plan for their future long term care needs.
There are 2 reasons the projected premiums for the CLASS Act are much higher than a comparable long term care insurance policy.
1) Anyone who is working (even just part-time) can enroll in the CLASS Act regardless of their health history. Enrollees with severe diabetes or crippling arthritis will pay the same amount for the CLASS Act benefit as those who are in perfect health.
2) Those who earn less than the federal poverty level will be automatically enrolled in the CLASS Act for only $5 per month (unless they opt-out). Their premiums are being subsidized by the rest of the enrollees.

Scott A Olson of CA 11:48AM June 29, 2010

Why have you relinquised control of your investment funds to your "unsuccessful daughter and inconsiderate grandchild"? If you continue to drain your investment account to accommodate them, you too, will find yourself in the "unsuccessful" category.
Continuing to fund your unsuccessful daughter probably won't motivate her to ever attempt becoming successful (e.g. by getting more education or improving her job skills).
Maybe a conversation about what each of them plan to do to get off the dole, would be a good starting point.

TR of NY 8:18PM June 28, 2010

Our biggest problem is the unsuccessful daughter, inconsiderate grandchild that
is going through divorcee, made poor financial choices and easily wiped out 33%
of our investment funds with no help in sight. This means continue driving an old car, no extended vacations and continued part time working.

Geoff of CA 9:15PM June 27, 2010