tag:blogger.com,1999:blog-16253353.post3866210056839907644..comments2024-03-29T10:51:00.845-04:00Comments on The Adventures of Travel Penguin: We Are DINKS again Travelhttp://www.blogger.com/profile/07787024407420088973noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-16253353.post-91049014007962521452021-02-14T07:48:28.348-05:002021-02-14T07:48:28.348-05:00You guys are rich as Roosevelt. I hope you two mar...You guys are rich as Roosevelt. I hope you two marvel in your resources.Ur-spohttps://www.blogger.com/profile/04237644452200889946noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-32299704020616190462021-02-12T11:02:23.481-05:002021-02-12T11:02:23.481-05:00Just give me a new kitchen and then you can be as ...Just give me a new kitchen and then you can be as stingy as you want... with your money of course. I'll continue to spend mine on frivolous luxuries. 😘WickedHamsterhttps://www.blogger.com/profile/02507325341606702301noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-18310808747723961232021-02-11T16:11:10.085-05:002021-02-11T16:11:10.085-05:00Sounds like you have a good plan. I am the one th...Sounds like you have a good plan. I am the one that nailed down numbers, and figured out we can afford this. We paid off the house a couple of years ago (but we have a $700+ monthly condo fee!) Being debt free has been wonderful. 29 years of deferred comp, really adds up. Travelhttps://www.blogger.com/profile/07787024407420088973noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-90061108977414198362021-02-11T13:56:50.050-05:002021-02-11T13:56:50.050-05:00I could talk retirement for days. There is nothing...I could talk retirement for days. There is nothing I look forward to more. We are so conservative we always underestimate benefits and overestimate costs and taxes. We’ll both get more exact numbers as we get closer to retirement (5.5 years for me: 7.5 for hubby.) we figure there will be one year we will operate at our lowest salary (Jeffrey’s first year of retirement, my third) and then it will slowly build over 4 years to where we’ll technically make more on retirement than we do working right now. (Once you account for what we pay in taxes, union dues, gas and the debt that will be paid off by retirement.) We’ll have 2 pensions (not taxed in NY) 2 SS monthly payments, and 2 deferred comp monthly payments (which we’ve been building for 29 years.) And we’ll keep our benefits with a slight boost in monthly payments. So hopefully all the hell of trudging through these last few years of work will have been worth it. Also, no human kids (dogs are wayyyyyyyy cheaper) so we’re Super-DINKS. <br /><br />Sassybear<br />Www.Idleeyesandadormy.Com Breenlanternhttps://www.blogger.com/profile/17317914861018120156noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-5434008054407440702021-02-11T10:32:32.093-05:002021-02-11T10:32:32.093-05:00I need to keep reassuring myself that it will all ...I need to keep reassuring myself that it will all be okay and we can start spending instead of saving, it is okay. Travelhttps://www.blogger.com/profile/07787024407420088973noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-27207204992817501342021-02-11T10:31:44.757-05:002021-02-11T10:31:44.757-05:00My father would be so proud My father would be so proud Travelhttps://www.blogger.com/profile/07787024407420088973noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-7688128345984450602021-02-11T10:31:13.837-05:002021-02-11T10:31:13.837-05:00Thanks Thanks Travelhttps://www.blogger.com/profile/07787024407420088973noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-49724979795936174952021-02-11T09:44:49.836-05:002021-02-11T09:44:49.836-05:00Something to look forward to!Something to look forward to!Sharonhttps://www.blogger.com/profile/07645915869786296771noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-74201089885482958982021-02-11T08:47:08.305-05:002021-02-11T08:47:08.305-05:00Ka-ching!Ka-ching!Bobhttps://www.blogger.com/profile/15302478126147924237noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-36865043967381900332021-02-11T08:46:37.086-05:002021-02-11T08:46:37.086-05:00Congrats on your DINKdom!Congrats on your DINKdom!Debra She Who Seekshttps://www.blogger.com/profile/01845703092794695023noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-82330244604773922772021-02-11T08:20:42.455-05:002021-02-11T08:20:42.455-05:00Andrew, the US system is multi part. The national...Andrew, the US system is multi part. The national pension system, commonly known as Social Security, is funded by a tax on earned income (payroll). The full retirement age for that is currently 66, it will be 66 and 8 months in a couple of years. You can draw on that early, as early as 62 with a reduced benefit, or delay to as much as 70 with increases in benefit amount. Jay waited until 66. We also have tax differed retirement savings accounts, variously known as 401k, 403b or IRA. This is money voluntarily set aside from earnings, often with an employer match or contribution, with income tax differed until it is drawn. You can draw on that as early as 58 1/2, you have to start drawing on it by 72. The income from those will be about 40% of our retirement income when I stop working. I also have a small, old fashioned guaranteed pension, that I will start drawing at 65 ($518 a month for life, payable to who ever lives the longest.) Health insurance, Medicare, does not kick in until 65, that is why I have 29 months left to work. Travelhttps://www.blogger.com/profile/07787024407420088973noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-50288960800432592212021-02-11T07:06:53.035-05:002021-02-11T07:06:53.035-05:00What we probably call a self funded retiree. I am ...What we probably call a self funded retiree. I am one of those until I reach age pension age here for me at 67. Self funded retirees here receive no support aside from a few minor benefits of being an over 60s Senior Citizen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16253353.post-78864001978417512122021-02-11T06:59:22.376-05:002021-02-11T06:59:22.376-05:00And being stingy, I know where some of it will end...And being stingy, I know where some of it will end up Travelhttps://www.blogger.com/profile/07787024407420088973noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-87022748637578385262021-02-11T06:58:51.960-05:002021-02-11T06:58:51.960-05:00Bears love honeyBears love honeyTravelhttps://www.blogger.com/profile/07787024407420088973noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-55497258837731024912021-02-11T03:41:35.115-05:002021-02-11T03:41:35.115-05:00We would call that a whole bunch of "extra&qu...We would call that a whole bunch of "extra" money! Exciting.Moving with Mitchellhttps://www.blogger.com/profile/12954028272162285597noreply@blogger.comtag:blogger.com,1999:blog-16253353.post-65491167264284133742021-02-11T01:46:41.505-05:002021-02-11T01:46:41.505-05:00So basically, your bears with a soon to be double ...So basically, your bears with a soon to be double income again is what your saying? You can gets lots of honey then!!!!!!!!!!!!!!Mistress Maddiehttps://www.blogger.com/profile/02098940220513091207noreply@blogger.com