Retirement?

[k9mark]

I was all ready to retire this past August when I turned 50. Working in law enforcement for the past twenty five years has taken a toll on my body. All that is gone now. The city I worked for decided they no longer wanted to pay for me so they drummed up a plan to file bankruptcy to do it. They broke my contract and destroyed my medical plan. I lost 30k from my salary and lost my house. My retirement has taken a big hit and my wife had to have two surgeries that my medical plan caused me almost 20k in bills. I've been fighting not to go bankrupt myself. So my future s bleak at best and will have to keep working until it probably kills me. I tell you if you can retire, get while the getting is good. You don't want to end up like me.

[Bill Kiene semi-retired]

That is very sad k9mark.......

I hope things go better for you in the future.

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I don't want to talk about this but many cities could be going bankrupt in the future and people who are retired and doing well could loose their pension if it is mismanaged.

Also Social Security and Medicare could collapse too.

Our medical plans that we have included in our retirements could go away too.

The way it is going I think all this is very possible.

Maybe some day we will all be living down on a river in an old RV with a blue tarp on it?

.

[DFrink]

Hey Mark, first off thank for your service! That's BS what Stockton did to their retirees. I feel for you.

I was all ready to retire this past August when I turned 50. Working in law enforcement for the past twenty five years has taken a toll on my body. All that is gone now. The city I worked for decided they no longer wanted to pay for me so they drummed up a plan to file bankruptcy to do it. They broke my contract and destroyed my medical plan. I lost 30k from my salary and lost my house. My retirement has taken a big hit and my wife had to have two surgeries that my medical plan caused me almost 20k in bills. I've been fighting not to go bankrupt myself. So my future s bleak at best and will have to keep working until it probably kills me. I tell you if you can retire, get while the getting is good. You don't want to end up like me.

[mar]

Thanks for the thought-provoking post Bill.
I 'retire' every weekend Lots of uncertainties in life, no doubt. My hats off the guys what were able to retire early.
As for me, I'll fish as much as I can without getting in too much trouble at home. Weekends, before/after work, sneaking out at night, etc. I'm very fortunate to have a very understanding boss at home and my kids haven't disowned me yet so I'll keep going. Will I be able to retire early or if at all? Only time will tell. I can only control what I can control. In the meantime, I will enjoy my precious time with my family and friends and fish like a madman whenever possible.