I've been at my job for 20 years. I have a lot od problems with my legs. I'm on my feet alot. I need to to something to ease the pain. I'm afraid eventually I'll have to quit.
2007-01-22 13:41:58 · 13 answers · asked by birdlady 1 in Business & Finance ➔ Careers & Employment
If you are not under some sort of employment contract dictating otherwise, you can work when, where, how and IF you want. Supporting yourself and finding suitable benefits (like health insurance) for you and anyone dependent upon you are separate issues, but they do motivate most middle class folks to work until their social security benefits kick in. Medicare kicks in then as well and you have just increased your quality of life possibilities by simply surviving birthdays!
Some jobs still pay a pension after so much time in "the system", but this is not very common in today's labor market due to so may people switching jobs more frequently than their parents did. The 401(k), 403(b), IRA, etc. replaced pensions, but only if you fund them with your own pre-tax dollars.
I know this sounds obvious, but add up your sources of income, including the yield from any investments you want to begin using and subtract your expenses. Do this on an annual or monthly basis, whichever is easier for you to think about. Consider about 3.5% reduction in your investments annually for inflation (or a 3.5% increase in your exenses), another reduction for taxes, etc. and so on and so on. See if you can live on what you have (or can get). There are many other considerations to consider. The software that can answer your question completely is quite complex, but some simpler examples of it are available at some financial planning websites, like morningstar.com., fidelity.com, vanguard.com, etc. Play around with the numbers.
While you are doing this, begin considering jobs you can do sitting down some or most of the work day. Your mind is probably not as tired as you body, so don't give up too early! But don't torture yourself physically either, or you won't enjoy your retirement years when they do arrive.
Live every day in a way you will later cherish!
Post some more specific questions and I'll answer as best I can with more definitive answers.
Good luck!
2007-01-22 14:03:32 · answer #1 · answered by adolfoknows 2 · 0⤊ 0⤋
Here's something interesting. I have a home business in the health and wellness industry marketing a product that could really help you with your legs. I was a waitress for 25 years and thought my legs and feet would hurt forever. This product has turned my life around and now I am into marketing it. This is something you could start to build now until it not only meets but surpasses your current income. The income you earn from this is residual so once you've built your business, you're getting paid even on days you cannot work. This could ease your pain as well as your financial pains. It's the best move I ever made!
2007-01-22 17:13:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Only if you have a retirement plan at our job that alloows you to retire and pays you after 20 yrs. Like a union job or something. There's not many of those jobs around anymore. so, if you aren't aware of it, I'd bet you aren't in a retirement position. Most people aren't. You need to have enough income to pay all your bills and expenses and medical bills and insurances and that is a lot of money. If you are sick, you may apply for disability but it takes 2-3 yrs. to get that unless you are diagnosed with a huge disease that they can't deny you for. If your job causes you to be sick you'd have to prove that, doesn't sound like you can go for that. So, I don't think you can retire. i wish you could at least slow down. Try to take better care of yourself by eating better and getting off your feet when it's possible and exercise to keep the heart in shape. Good luck. Love coming your way.
2007-01-22 13:51:50 · answer #3 · answered by MISS-MARY 6 · 0⤊ 0⤋
Age doesn't matter. If you want to do this, then do it and love doing it. There are web design companies that may want you to work with them or you can print T-shirts for community groups. Go big or go small - doesn't matter but just do it. The important thing is that you are happy with what you're doing. Don't expect that it will be successful straight away because people have to become familiar with your work. If you go online (utube or make your own blog) then people will get to know about you pretty fast. Best of luck.
2016-05-23 23:28:25 · answer #4 · answered by ? 4 · 0⤊ 0⤋
anybody can retire at whatever age, as long as they have the resources to fund retirement.
have you considered changing jobs, or going part-time to hopefully kep some of the income yet easing the pain? How about talking toyour doctor about easing the pain?
2007-01-22 13:49:21 · answer #5 · answered by AW 3 · 0⤊ 0⤋
Not if you want to collect social security checks. If you work for the government, then you can retire after 20 years because you have a pension but most likely no social security.
2007-01-22 13:45:55 · answer #6 · answered by Anonymous · 1⤊ 0⤋
You can retire at 57, it'll be hard financially because you can't collect Social Security until your 62 or 65, I can't remember the age you have to be to get SS now.
2007-01-22 13:54:33 · answer #7 · answered by sheila33 3 · 0⤊ 0⤋
I hear you. Same boat. consider doing something else. I have cut down on hours at my standing job. I am starting a consulting business within my field where I am not stand on my feet all day.
I
2007-01-22 13:47:47 · answer #8 · answered by Anonymous · 0⤊ 0⤋
There are some jobs, such as government jobs, you cant retire before your 58 i think. my mom works for the gov. and she cant retire until shes around that age.
2007-01-22 13:49:36 · answer #9 · answered by The Roman Maze 6 · 0⤊ 0⤋
You can retire at any age you like. The question is do you have the finances to live comfortably.
2007-01-22 13:44:09 · answer #10 · answered by Anonymous · 3⤊ 0⤋