Retire Well

What number will the Lakers retire when Kobe retires from the NBA?

Will it be #8 or #24. He’s done great stuff with both numbers. But whats gonna happen. Are they gonna retire both? Can they retire two numbers for one player?

I believe the Lakers will retire the #24 in honor of Kobe Bryant.

Kobe was absolutely magnificent when he wore #8, but those were the days where he was younger, not as smart, and needed Shaq to win a title.

Kobe#24 is the smarter and more skilled player. He is the LEADER of the Lakers and in my opinion the face of the NBA

How much US dollars would have to be saved to retire in the Philippines?

How much US dollars would have to be saved to retire in the Philippines? kind of a broad questions.

This is not an easy question to answer.You would really have to look at a wide spectrum of answers on this and even go to expats and ask them about how much they can get by with.

Would the income just be for you or also for a partner / family?

From experience, i think if you were going to live comfortably and retire in phiippines, you would need an income of about $300-450 USD a week - the full 7 days.

You would have to work out where u were going to stay. Would u rent or would u buy? You need money for food, electricity, water bills. You need money for entertainment / going out.

You would have to be getting an income of about $20,000 - $30,000 USD a year to live comfortably or at least reasonably. Maybe you could do it with alot less. depends on your income and needs.

I suggest you keep this question open and try to get a wide variety of replies. And even go and look up other philippines expats sites on the internet. This is simply not a question that can be answered here. Good luck.

Is it possible to retire as an enlisted person from the military without working?

I am currently an E-3 in the military and contemplating doing 20 or more years in the service. I am currnently married with no kids. Is it possible to retire as an enlisted person and not have to work afterwards? Maybe it would be possible to just work part-time after retiremen?

Or is this only possible when retiring from the officer ranks?

1.) You can if you save your money and invest wisely–10% will not cut it. Begin saving your money from basic training. The sooner you start saving, the easier it is to accrue a larger sum of money that will build off interest. Also, NEVER dip into your savings/investment accounts unless it is an absolute emergency.

2.) If you get married, it is imperative that your spouse works to.

3.) You cannot eat out often, party lavishly, buy new cars (a lot of people do this in the military), or as a rule of thumb, use money in a haphazard fashion. Drinking, smoking, DRUGS (yes, people in the military use drugs more often than most would like to believe) and other money pits detrimental to your income.

4.) Deploy, deploy, deploy! There are tax benefits to deploying and you get paid more!

5.) Make rank the first time around and do not get in trouble! Getting in trouble will often reverse a lot of hard work, FAST!

6.) If you wish to retire comfortably, look at commissioning, the officers get paid A LOT more than enlisted. It is painful to see such a huge disparity in pay for little difference in work production. You can begin enlisted and later on get your commission. Plus, many officers can stay in longer due to their profession, nurses, lawyers, etc…

7.) Prepare for a job upon retiring, enlisted do not get paid a lot and the reality is that most will require a job afterwords. Do not let this keep you down though, find a passion, use the TA and MGI Bill to pay for the education necessary to do the job you want to do when you get out if you are not already doing your dream job as an enlisted man.

How many years until a police officer can retire?

How many years does a police officer have to work before they can retire? Or is it after a certain age? I realize it varies from state to state.

So go by age, other use years of service, several use a combination of both. There is no national standard in the USA.

When I retire I will be receiving two pensions.How will this affect my social security?

I plan to retire with a state pension at age 56.I will also collect a union pension at age 60.How will this affect social security at age 62 or 65?

pension income is passive income

income you get from a job is earned income

after your EARNED INCOME exceeds, last time I checked it was 14K, your social security is reduced $1 for every $2 you earn

No effect on ss at either age as long as we are not talking earned income

How will the plan effect people who retire at 62?

I want to, almost have to, retire at 62 due to health problems. Have a pre-existing because of CAD. I know I won’t be covered by Medicare until 65. I won’t be getting enough social security and pension to be able to afford insurance. From what I hear I woud be made to get insurace at a price of $3600 a year. What’s going to happen when that is unaffordable to me?

You’d NEVER find private insurance, at the age of 62, with serious health conditions, for $300 a month. This is JUST not a realistic price. Even if you were perfectly healthy, a high deductible plan for just you would cost around $1,000 a month.

The first 18 months, you can go on COBRA. But after that, you’re going to be uninsured, until you can get on medicare.

If you have ANY options, I’d work an additional 18 months AT ALL COSTS, and THEN take the cobra for your 18 months, which should see you to 65.

At what age can I become a college professor and when will I have to retire?

I’d like to one day teach at the college level. Please inform me of what age professors usually enter their positions and at what age they normally retire from their work.

A college professor at the 4-year college or university level has a PhD in the their field (8-12 years of college) and often a postdoc (2-3 years on average) as well, so they may not get a job as a professor until they are 30 or older. Many professors don’t want to retire, and work at their job into their 70’s or older, or retire halfway to become emeritus professors and still have an office.

How did people used to retire before Medicare and social security?

Before all these programs came to be, how did older folks retire? How did they pay their bills and such?

To my knowledge, back in the day, people relied a lot on their pensions. That’s when jobs lasted until retirement.Life expectancy wasn’t as long as it is now. More people living with disabilities into old age, back then, had Blue Cross Health Insurance, family and community assistance.

How do I retire with my social security?

I am not the one retiring, I am actually looking into this for someone else. She has been working since she was young I guess, she is almost 62 but she has no idea how to retire with the social security, I don’t either, she has well over the years of working to retire. Anyone know what website to go to or how to do this?

https://secure.ssa.gov/apps6z/iRRet/rib

How much money should you have when you retire? And what age do people normally retire?

I am 25 now and my 401k will be around $85,000.00 if I retired at the age of 60. I have no idea if this is a good amount of money to retire on or if its not enough! I have a few other investments besides this. My 401k is specifically for retirement. Am I on the right track or am I falling short?

Way short. That amount will last you a couple of years or five? Or you could live like a pauper on $8,500/yr (10% of $85,00 if you can find 10%).

According to the Bloomberg.com calculator, if you currently have $85,000 and put in $5,000/yr for 40 yrs, you would have about $800,000 at age 65, calculated at 6% compounded interest. Sounds like a lot, but for 20 more years, it’s not; still only a comfortable $40,000 per year. Those retirement homes are $2,000 - $5,000 per month.