Have you read the Ten Commandments of Retirement?

MarketWatch has. If you are planning on retiring someday, you might want to check this out.



  1. I have always wished that some benefits could be reversed in life. I came up with this wish because by the time I finally had enough seniority to get Christmas off, I had no reason to be home. I missed all the important Christmas while my son was growing up. I then started volunteering to cover for coworkers who still had young children at home. But it was worth it. The job enabled me to provide for my family and then some and I was able to put money away for retirement.

    Of course, when the kids are first born, you rarely have enough money to get by which makes it very hard to save for anything.

    Imagine starting out at top wage and 4 weeks of vacation. When you get paid minimum wage and have no vacation, it is time to retire. Think of how your retirement money could have compounded if the bulk of your money was put in at top of your wages instead of your little starting wages. Of course, I understand, I was not worth the money I got paid at 20 compared to what I was worth at 50.

    I basically followed these commandments and the only one that I have had trouble with is healthcare costs. It has been such a moving target in the last decade. It is still anybody’s guess because of the uncertainty of the government.

    But I still got to retire early so the commandments do work.


    1. I followed none of the 10 commandments of retirement and ended up having more income in retirement than I did during my working years. I never made more than $32,000 per year while working. In fact my total income from work 1974 to 2008 equals just $320,000. I quit working at 52, because I had a USAF pension and have always managed what little money I had in my budget with very little waste. I have not had a car payment since 1986. I love paying cash for good quality used cars.

      I worked in the automotive repair industry for the first 2 years out of high school. When I talked to older friends I kept hearing the same story. If I would of just stayed in the military I would be retiring with a check at age 40 for the rest of my life, years before any SS payments.

      So, in 1975 I enlisted in the USAF served 20 years. Now at age 62 my wife (who never worked outside the home) and I get $1,288 per month from SS (which is $100 more than my benefit at FRA, so no reason to wait) and I get $1,673 in USAF retirement, total $35,553 per year. We also have Tricare for Life Healthcare through the military, when we go on Medicare at 65 it will pay any copays, since Medicare pays first, then Tricare pays the rest.

      Since 1995 I have received more in USAF retirement than I earned in 34 years of work.
      If my wife and I live to be 85 we will receive over $1,000,000 in total government benefits.

      Today, I can meet all my monthly expenses with half of my monthly income of $2,961.
      I live in a low cost of living state, Montana has no state sales tax and I pay $105 in property tax and $85 in state income tax.


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