I took me some time to adjust to retirement. However, a few months ago a friend asked me, "Are you staying busy?" My instant reply, without thinking was, "Busy enough". I knew I had finally figured this retirement thing out. 🙃
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And when a 9am breakfast milk stout makes perfect sense.
I drove a ‘97 Ford Escort (manual with windows you literally had to roll up) for close to 20 years and now drive an ‘07 Jeep Liberty. A Toyota would be like a GT3 to me!My wife was directly involved in several re-orgs (as a decision maker) and it takes a toll releasing a 15 year person with kids our kids age. The randomness and quickness of these re-orgs moved us to debt free living. Do I want a GT3? Fvckin right I do, but i think I’ll be ok lol
LOVE this job. Got details for me (pm)?Driver for a rental car company. Traveled all over the Northeast and Mid Atlantic. Trips as far West as Detroit and Columbus and even into Canada. Picked up new cars at dealerships and delivered them to rental car locations.
I drove this everyday for 7 years. I’d still have her but moms was worried I’d die if hit. Miss her dearly. Bought brand new for $18,5k 2010.I drove a ‘97 Ford Escort (manual with windows you literally had to roll up) for close to 20 years and now drive an ‘07 Jeep Liberty. A Toyota would be like a GT3 to me!
I donated the Escort to the Make a Wish Foundation. I actually kinda miss it sometimes. As I’m typing this, I just realized I have turned into my dad! He drove an early 70s Plymouth Valiant well into the late 80s. I hated that thing. Ours was black.I drove this everyday for 7 years. I’d still have her but moms was worried I’d die if hit. Miss her dearly. Bought brand new for $18,5k 2010.
I would look into is how is your cost for health insurance. This monthly cost could be a heck of a surprise. If you have no debt, and have accrued 25x your last annual salary in investments , it's a possibility, when considering a 4% withdrawal rate from your investments.
If you want to use a message board just to gather insight, boggleheads.com is really good. You will need to share a lot of info to get an accurate guesstimate.
Bogleheads.org - Index page
I also like this for an online retirement calculator
FIRECalc: A different kind of retirement calculator
Blood tests came back like superstars!Moms will be less worried if that new life insurance policy is issued. If she suddenly thinks you should get a Harley and start a home brew hobby be worried. Yo that ride looks clean.
Meet me in Dewey brohanYou are so right on the health insurance piece. It is the big wild card for me. I'm probably in a 5 year window now at the age of 56.
It's one of my first thoughts each day I wake up. When can I retire? I'm so tired of work. Just don't enjoy in anymore. I just want to play golf, smoke cigars, firepit and drink scotch.
One kid out of the nest, one a freshman at college. Need the market to continue its growth and my property values to hold steady or grow which shouldn't be a problem here in Northern VA. Can't wait to get out of the current cost of living situation.
Great thread and thanks to everyone who posted. I've got a 16 year old and am a bit away from 66.5 so have been holding off. However, in the tech industry, agism is a thing and am growing tired of the time commitment. I've got the cash but am concerned about the costs of healthcare and college coming up.
I enjoy what I do but the pandemic hasn't made things very easy. Today, I work for a small company with some really cool tech but it is so hard to get your message out. People are zoomed, webinared, emailed and cold-called to death. It is hard to build brand.
the tech we have drives data through digital channels like online and mobile. it coordinates the message no matter the channel. So you take the data, decide what you want your message to be, then display that message (or groups of messages) onto the display. The system then counts these displays and gives mgt information on what is working, where, and why. Kind of like Amazon's here is what you looked at and didn't buy, here are associated items, and here are offers.I'd be interested to learn more about your company's technology. I too am in a new role in a software company trying to build Federal business. Cold calling during Covid has been a nightmare. People don't pick up the phone even if it is forwarded from their office to their cell as it appears as a spam call.
Not looking to make a move or anything, just share the experience a little bit.
24K per year! Yikes! I have the best plan that Geisinger offfers at 166.00 per month.I decided to retire near age 60 because after hard core saving for years and very careful financial planning with a Monte Carlo Simulation success of 99%, it gave me the opportunity. I went without a lot of things over the years to attain my goal. I was driving a 10 year old basic model Toyota Camry when I retired when I could have been driving a fully paid for new BMW 7 series, but without having that extra money invested for retirement. I even factored in health insurance premiums which are nearly $24K a year for my wife and me. That is the biggest expense right now and will drop to nearly a tenth of that when I can use Medicare.
What drove me to retire? Work was getting ridiculously busy to the point that I felt quality of care/service was being jeopardized as well as my own health and sanity. My concerns about this were ignored by the voting block of Gen X’ers and Millennials in my corporation whose main goal was to eliminate positions (basically the older, more knowledgeable and experienced people) and not refill them, so they could make as much money as possible due to running lean and mean. Of course this was with great disregard to quality and safety. Since this tact was totally unacceptable to me, I pulled the plug and haven’t looked back.
The decision to retire is personal and many factors have to be weighed, including the amount saved and the likelihood it will last until death.
really? I had been looking for health insurance in the US last year. I was running shop for a small company out of Toronto that had five employees in the USA. None of them could get insurance, independently, for less than $2,000 per month. All were young men with a spouse and at least one child. Pitt, CLE, Salt Lake, LA and ATL.24K per year! Yikes! I have the best plan that Geisinger offfers at 166.00 per month.
Family plan on Obamacare is about 3k/month, high deductible and copays. Ain't pretty.24K per year! Yikes! I have the best plan that Geisinger offfers at 166.00 per month.
I think it must be a Med sup, I was right.really? I had been looking for health insurance in the US last year. I was running shop for a small company out of Toronto that had five employees in the USA. None of them could get insurance, independently, for less than $2,000 per month. All were young men with a spouse and at least one child. Pitt, CLE, Salt Lake, LA and ATL.
I'm 79 with medicare. Geisinger also offers a $38 per month plan and a $0 per month plan.really? I had been looking for health insurance in the US last year. I was running shop for a small company out of Toronto that had five employees in the USA. None of them could get insurance, independently, for less than $2,000 per month. All were young men with a spouse and at least one child. Pitt, CLE, Salt Lake, LA and ATL.
Unless your son marries someone that has no money then you’ll be paying for that wedding too (don’t I know it).Shoulda had boys yo
This is what Obamacare did to the individual insurance market. At retirement I am paying for coverage for contraceptive drugs, abortions, maternity care, drug rehab, mental health care, etc. This has skyrocketed premiums.24K per year! Yikes! I have the best plan that Geisinger offfers at 166.00 per month.
Not near like it used to be. When i was there (i quit in 2013) no matter where the car was dropped, in had to be brought back to the branch where it was rented. $1.00 per mile drop fee both ways. They no longer bring them back. Today most new cars are delivered to the branches by car carrier.LOVE this job. Got details for me (pm)?
I was 64 and my investments increased by over 50% in one year. I was planning for an increase in my retirement plan of about 20%, so I decided I had lot more money than I had ever hoped for, about 5 times my goal. I also was diagnosed with cancer at age 55, and I had achieved everything at work that I had wanted to, so I retired instead of waiting until I was 65. That was 8 years ago. My cancer was in remission at that time but the medicines I needed to take had some side effects. I did some work as a Board member for another company to stay intellectually challenged and eventually became their Chair of the Board and I do other volunteer work just to help people. My cancer has worsened recently but I’m still OK for now. I knew I’d never get those years back if I didn’t retire when I did. No one at work ever knew about my cancer. I bought a new home, mercedes, and a few other toys and I already owned a home at the beach. I traveled , golfed, and enjoyed life without spending extravagantly. I can live until 100 at a high level but I know I won’t but my family will be well off and my children will never have to work (but they will). Moral is retire when you can - nothing is guaranteed. I start a new immunotherapy regimen next week and hopefully that gets me a few more years. Enjoy your life every day. Getting older is a bitch.I was with the USG for 33 years; I was maxed on grade and step and couldn't significantly improve what I could get in retirement. Between my wife's military pension and mine; I could afford to retire. Just as importantly, there were other things I wanted to do with my days. My career had been better than I could have asked and I still enjoyed what I did, but I was ready to move on. Throw in a cancer scare in 2013 that made me realize no amount of days are guaranteed, and here I am.
I fully expect to have a similar experience when the time comes. I've been a saver my whole life, it is going to be very odd to watch balances grow smaller. But I have to tell myself that's what all of the saving for all of those years was for in the first place.It is definitely a challenge mentally to retire if you are used to saving money instead of spending it each month. You have to get used to seeing your bank account shrink - some people don't handle that as well including me. I have to tell myself that I can't take it with me and Ill be dead in 15 years so go ahead and spend it now.
Not near like it used to be. When i was there (i quit in 2013) no matter where the car was dropped, in had to be brought back to the branch where it was rented. $1.00 per mile drop fee both ways. They no longer bring them back. Today most new cars are delivered to the branches by car carrier.
Wish you well, more good livin ahead for you.I was 64 and my investments increased by over 50% in one year. I was planning for an increase in my retirement plan of about 20%, so I decided I had lot more money than I had ever hoped for, about 5 times my goal. I also was diagnosed with cancer at age 55, and I had achieved everything at work that I had wanted to, so I retired instead of waiting until I was 65. That was 8 years ago. My cancer was in remission at that time but the medicines I needed to take had some side effects. I did some work as a Board member for another company to stay intellectually challenged and eventually became their Chair of the Board and I do other volunteer work just to help people. My cancer has worsened recently but I’m still OK for now. I knew I’d never get those years back if I didn’t retire when I did. No one at work ever knew about my cancer. I bought a new home, mercedes, and a few other toys and I already owned a home at the beach. I traveled , golfed, and enjoyed life without spending extravagantly. I can live until 100 at a high level but I know I won’t but my family will be well off and my children will never have to work (but they will). Moral is retire when you can - nothing is guaranteed. I start a new immunotherapy regimen next week and hopefully that gets me a few more years. Enjoy your life every day. Getting older is a bitch.
I sometimes see people with apprehension about retiring early in the forums I read. They often worry about how to answer the inevitable social questions about "what will you do all day when you're retired?" That is one piece of worrying about retirement I simply do not have. I can't wait to respond with "whatever the hell I feel like." Isn't that the whole point?I took me some time to adjust to retirement. However, a few months ago a friend asked me, "Are you staying busy?" My instant reply, without thinking was, "Busy enough". I knew I had finally figured this retirement thing out. 🙃
Son 1 just broke up so for now, rick mes on easy streetUnless your son marries someone that has no money then you’ll be paying for that wedding too (don’t I know it).
My son and his girlfriend just moved in together.Son 1 just broke up so for now, rick mes on easy street
Congrats. Do you lIke her? We liked this one.My son and his girlfriend just moved in together.
Oh I see. It’s a Medicare supplement. I am talking full health insurance before you qualify for MedicareI'm 79 with medicare. Geisinger also offers a $38 per month plan and a $0 per month plan.
Your last sentence says it all and is the one thing that concerns me and probably overrides everything else. The one thing you cannot get back is time. I am 54, my youngest is a senior in high school, when she is done in 4 or 5 years, I will seriously consider retirement.I was with the USG for 33 years; I was maxed on grade and step and couldn't significantly improve what I could get in retirement. Between my wife's military pension and mine; I could afford to retire. Just as importantly, there were other things I wanted to do with my days. My career had been better than I could have asked and I still enjoyed what I did, but I was ready to move on. Throw in a cancer scare in 2013 that made me realize no amount of days are guaranteed, and here I am.
Yes, we like her.Congrats. Do you lIke her? We liked this one.
I was 64 and my investments increased by over 50% in one year. I was planning for an increase in my retirement plan of about 20%, so I decided I had lot more money than I had ever hoped for, about 5 times my goal. I also was diagnosed with cancer at age 55, and I had achieved everything at work that I had wanted to, so I retired instead of waiting until I was 65. That was 8 years ago. My cancer was in remission at that time but the medicines I needed to take had some side effects. I did some work as a Board member for another company to stay intellectually challenged and eventually became their Chair of the Board and I do other volunteer work just to help people. My cancer has worsened recently but I’m still OK for now. I knew I’d never get those years back if I didn’t retire when I did. No one at work ever knew about my cancer. I bought a new home, mercedes, and a few other toys and I already owned a home at the beach. I traveled , golfed, and enjoyed life without spending extravagantly. I can live until 100 at a high level but I know I won’t but my family will be well off and my children will never have to work (but they will). Moral is retire when you can - nothing is guaranteed. I start a new immunotherapy regimen next week and hopefully that gets me a few more years. Enjoy your life every day. Getting older is a bitch.