|
|
Post by 950nancy on Oct 6, 2024 1:04:21 GMT
Do you have to decide now? I would wait and see.
|
|
|
|
Post by gar on Oct 6, 2024 8:14:25 GMT
Personally, I would definitely work an extra year to get the $35 grand. That's a decent amount of money! But I'm saying that as someone who is content in my job. If I really hated my job or thought that it was really going to adversely affect my mental health, then I would have to think very hard about whether the money is worth it. But $35 grand would be very hard to pass up! Thinking about all the travelling I could do that that money would make the extra year worth it, IMO. A few really good trips with that much certainly! Age is also a factor though...you're a young 'un don't forget  You might feel different when you've been working another 10/15 years maybe  |
|
|
|
Post by lesserknownpea on Oct 6, 2024 9:59:59 GMT
Is it an extra $35,000 plus wages plus more per month in SS? Or are you already at max on that?
that said, mental health is everything, nothing in life is guaranteed, and you could never get that year back.
|
|
uksue
Pearl Clutcher
Posts: 2,546 
Location: London
|
Post by uksue on Oct 6, 2024 11:35:58 GMT
I think I'm in a different mindset to most here.
I retired at 60. I was done. Admittedly my occupational pension would not have grown after that date, but even if it would have I couldn't have gone back. I've had cancer twice and know tomorrow isn't promised- I wanted to be able to spend as much time as possible with my grandson before he started school. As it turned out, my son and his gf split up and now my grandson lives over 100 miles away. I am now so grateful for the time I was able to spend with him because I retired. I wouldn't be without those memories for any amount of money.
|
|
SabrinaP
Pearl Clutcher
Busy Teacher Pea
Posts: 4,421
Location: Dallas Texas
|
Post by SabrinaP on Oct 6, 2024 12:02:08 GMT
You can do anything for a year. Would you regret more staying and doing the extra year or retiring and thinking "oh, what I could've done with that extra 35K!" I don't think I would regret retiring. If I really need the money, I can do something else. Sounds like you have your answer. It’s ok to leave a little money on the table. My FIL retired after 20 years in the police force because he just couldn’t do it anymore. He left a lot of money on the table but he did other things to supplement his income and has been just fine. |
|
|
|
Post by katlady on Oct 7, 2024 17:38:55 GMT
This showed up on my Yahoo page. The situation is a little different, but it has some good key points. Even if the math shows it would be beneficial for her to work another year, she’ll also have to consider whether it’s actually worth it — especially if she dreads going into work and it’s taking a mental and physical toll on her health. If the couple is worried about leaving money on the table, perhaps they could trim their spending instead — do they really need to renovate the kitchen or buy a new car? Or maybe she could get a part-time job, leaving her high-stress job behind.Just one more year |
|
You might feel different when you've been working another 10/15 years maybe 
