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Personal Finance and Investing

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Common Sense Party

(14,139 posts)
Fri Sep 21, 2012, 01:59 AM Sep 2012

7 Signs That Now's Not the Right Time to Retire [View all]

#1) Romney is President.

Just kidding. The article doesn't really say that.

It does, however, have some fairly obvious, common sense tidbits, that some people either choose to ignore, or circumstances compel them to do so:

Don't retire if you still have financial obligations--like a mortgage, credit card debt, student loans, etc.

Don't retire just because you're now eligible for Social Security--that doesn't mean you'll have enough income

Don't retire if you haven't planned for healthcare costs

Don't retire if you expect stock market returns over the next 20-30 years to make up for what you haven't saved--we're probably not going back to double-digit decades for a while

More details here:
http://finance.yahoo.com/news/7-signs-nows-not-time-070043230.html

What do you think?

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