Posted on 07/20/2020 9:47:32 AM PDT by SeekAndFind
“....nothing but golden handcuffs...”
Awesome feeling! Yes, you need to redirect your life a bit, but if you know what is really important in life, not a problem. I will say, that in the last few months before retirement people tend to get a bit cranky. I think it has to do with intolerance to work BS. I would agree that having plenty of after tax cash helps a whole bunch.
keep your mind sharp...
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There are online courses available in every subject you can imagine. Learning new stuff is fun, personally enriching, and inexpensive. I find it a constructive form of entertainment.
Retired at 61 two months short of being able to collect SSI. Had over 200 sick day could collect on 120 of the days. Had 120,000 in one TSA. 25,000 in another. Collected 3400 a month from pension and 1400 in SS eventually. Retirement must be well planned out.
Pass. I don’t want to live in beer can
I retired at 65 and am thoroughly enjoying not being a boss anymore. Moved home to Texas so the social security and my California pension are more than adequate. I enjoy watching my 401K increase so I want the President to be reelected!
For the last five years of my career, my work in hospitals was changing so much that I wasn’t motivated to continue. Now volunteering, fixing up the house and garden, getting healthy, learning languages daily on the Duolingo app and traveling to Europe twice a year (hopefully a second time this year!) are far better.
No doubt I’ll be working though my late 60s paying for college. Again.
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Community college is an option that can save a ton of money. It worked out well for our kids.
This is one guys choice. A majority early retirees stay in the house they’ve by then paid for, being smart enough to have done so by paying down their largest indebtedness ahead of schedule. The key is being debt-free.
They may but I really don’t see them grabbing any more than the taxes the savings generate, everyone would stop that savings immediately and pull their funds out before the law went into effect. I never thought I would see Social Security but quite happy it is coming in now.
I retired at 62 and am now 66. I love it. I did work part time for a few years at a very easy job which brought in some extra money My wife still works and will do so for another year. We have paid off our house and cars and we will live on a limited budget. But I certainly don’t regret retiring at 62. I think the difference is that most people don’t expect to live as wealthy people when they retire, but know they need to keep the expenses limited.
I will say, that in the last few months before retirement people tend to get a bit cranky. I think it has to do with intolerance to work BS.
In March, after the virus first hit, I sent the team an email titled “Useful chinavirus stat site”. It directed everyone to Worldometers.info.
The complants went right up to the director. My crime: I called it the “china” virus. Which is what our president called it.
The team is filled with midle aged leftist females, two of which are single moms who have several kids they adopted. The lunacy level there is quite high.
After those complaints I almost told them it was time for me to leave. I’m a contractor and the highest paid person on the entire team. I seem to be able to do that work in my sleep, after having done it for decades. But I’m about done. The house will be paid off early next year...
Very good point. Selling two homes could provide them with considerable investible assets that can generate a lot of income, and therefore a level of security that is not enjoyed by most retirees.
Forgot home paid for, good medical insurance from pension, 60K in a fiduciary financial account. Only worry is how to handle coming election and when to make my move if necessary
Retirement is just white privilege. #blm #antifa /sarc
If I thought SS would still be there, I would be able to live on that alone after I retire and never need to touch my retirement savings...
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You’re smart being debt free. You might find yourself spending more than you think in retirement so you don’t need the drag of debt obligations hanging over you. There are always unexpected expenses that pop up and there’s a tendency to spend money enjoying our free time in retirement. Just saying based on experience.
Retired at 62. Best day! I don’t know how I ever found the time to work!
Part time job????? Are you CRAZY? If you have a “job” you are NOT retired!
A simple life doesn’t require a lot of money.
To quote Nike, Just DO IT!
30+ years of consistent saving will be stolen to pay for people that didn’t plan. You watch.
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Yep, that’s how our government of thieves rolls.
My favorite uncle by marriage had 2 sons about my age,and they were my friends before, during school/college and after. I was very close to him and his wife/my aunt.
Anyway, he and my aunt visited us in Marin County after we moved there after a big promotion. He had a serious heart attack the year before and survived after bypass surgery. Another uncle didn’t survive his heart attack. Those events changed my hard driven corporate uncle life.
I had been promoted to 2nd line management, and he warned me not to give my life to the corporation like the dead uncle and all most him.
After his heart attack, he sold their family home to one of his sons, and “rented” a room and kitchen use from them for when they weren’t living in their new Airstream in Arizona instead of wintering in a miserable midwestern state.
Thanksgiving and Christmas, they visited their midwest family as guests in their previous home. He lived 10 more years and my aunt lived 10 years past him. She lived in the Airstream and visited her sisters back in the SW from about Easter to Memorial day. They in turn visited her during the fall/winters/springs in Arizona.
The 4 of them could play bridge for about 16 hours a day. One was a great cook and loved to cook for family, my mother made great breakfasts, the host aunt loved to make lunches. The older sister was basically banned from cooking.
I took my uncle’s advice and my first retirement came at age 56. My second one came at age 62. None of my peers in management are alive today. Most didn’t make past their 60th birthday.
Exactly!!!
He was afraid the place he works now would be all up in BLM’s business, and he said he would quit before he was forced to support that gang of terrorists.
So far no trouble at work though.
There is an alternative to retirement called reinventment.
I reinvented at 60, and at 71 things are fantastic.
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