Dear Abby: I’m single, have no kids and I’m about to turn 62. I own my own home and have no debts. After years of earning a modest but steady income and watching my expenses, I have saved enough, and I am eligible for good retirement benefits. So, what’s my problem?
Friends and family insist I’m crazy to leave a job at which I could work for another five to 10 years. I know retirement is practical for me because I have gotten professional financial planning advice. There are many things I really want to do — classes, hobbies, volunteer work and travel before I’m too old.
My friends need to work to support their extravagant lifestyles, lavish vacations, expensive restaurants, plus their new cars, clothing and electronics. I did things my way and can afford to retire now, so why can’t my friends keep their mouths shut and let me enjoy what I have worked for?
:Ready To Retire
:Dear Ready: They may be jealous, or they may be genuinely concerned about you. Not knowing them, I can’t answer for them. I can, however, suggest this: Before quitting your job and the steady, modest income it provides, talk with another financial planner and get a second opinion. You’d do that with a doctor if you had a serious question about your physical health, and I’m recommending you do it because this decision will affect your financial health for the rest of your life. If you wait a few more years, you won’t be over the hill, and you will have even more money to enjoy in your retirement.
Dear Abby is written by Abigail Van Buren, also known as Jeanne Phillips, and was founded by her mother, Pauline Phillips. Write Dear Abby at www.DearAbby.com or P.O. Box 69440, Los Angeles, CA 90069.