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Dave Hughes: Should You Take That Early Retirement Package?
Reprinted with permission from RetireFabulous.com
By Dave Hughes
RetireFabulously.comMy former employer (a large household name corporation) recently announced their intention to reduce their workforce by 15%. To accomplish that, they are offering eligible employees a generous early retirement package.
So far, four of my friends who still work there are taking it. Another friend who is 56 and was planning to work at least into his 60s, is thinking about it.
I was in the same situation over 11 years ago. I was 56 at the time (almost 57) and planned to work another 3½ years. But the company offered a generous package and after running the numbers and contemplating at great length, I decided to do it.
I’ve never regretted my choice.
Admittedly, I would have benefitted from another 3½ years of salary. I became a wedding officiant for five years to earn supplemental income until I started taking Social Security at 62.
But I was ready to end my career. Fortunately, I already had a clear picture of what I wanted to do with my life after I retired. If you’ve read some of the articles on this website or my books, you know that I firmly believe this is one of the keys to a happy, fulfilling retirement.
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Dave Hughes’s Retire Fabulously: The Truth About Medicare (Dis)Advantage
The following was re-printed with permission from Retire Fabulously
By Dave Hughes
I turned 65 in early 2022, and I’ve been enjoying the benefits of traditional Medicare ever since. It’s one of retirement’s greatest benefits. It has lowered my healthcare costs and made obtaining care easier. It’s the system I wish I had throughout my working career.
In the year preceding my 65th birthday, I received a deluge of advertisements touting the benefits of various Medicare Advantage plans and urging me to sign up.
Prior to that, I had no clue how Medicare Advantage plans worked and no idea what I’d choose. So, I did a lot of research. A lot. After all, those Medicare Advantage plans seemed to be offering more coverage (including prescription drugs, dental, vision, and hearing) – all for little or no premium! Why wouldn’t I choose that? It seemed too good to be true!
Of course, like all things that seem too good to be true, it is. I’ll show you why in this article.
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Dave Hughes’s Retire Fabulously Celebrates 10 Years!
How exciting! My friend, fellow author, and website wonder Dave Hughes just celebrated 10 years of his Retire Fabulously website. I”ll let him tell you about it. With any luck, he’ll let me share some of his new articles here (hint, Dave):
Retire Fabulously! is 10 years old!
Ten years ago, on July 14, 2013, I posted my first entry into a crazy new blog I started called Retire Fabulously! My intention then, as it remains today, is to help you envision, plan for, and enjoy the best retirement possible.