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re: What’s the youngest age that a friend of yours retired?
Posted on 4/1/24 at 8:19 pm to soccerfüt
Posted on 4/1/24 at 8:19 pm to soccerfüt
I hope to “retire” at 62. I will probably need to work part time, but I don’t mind. I’m just ready for a little “me” time before I get old. If I go past 62, it will be solely to continue funding my 401k. Working until 70 is ridiculous.
0
Posted on 4/1/24 at 8:21 pm to fallguy_1978
quote:
I guess my goal is to have enough money to retire at 62 if I want to. Also, my wife is a few years older than me so it would mean we'd be able to retire pretty close together.
I have a very similar plan except my wife is three years younger. I'm 57 and plan to retire from the plant with 32 years service at 62.
Answer to the OP is my cousin retired at 47 from South Central Bell/ATT with 28 years service. How, I have no clue. LOL Maybe because his wife still works as an RN.
Posted on 4/1/24 at 8:22 pm to Mr Breeze
quote:
Work for a major oil company 30 years and you’ll retire a millionaire. IBM as well for senior engineers and managers.
That’s my plan . I have 7 years and 4 months to go. I plan to go at 55 and work my side business. That will give me 31 years. My wife and I want to travel some but nothing crazy .
This post was edited on 4/1/24 at 8:33 pm
Posted on 4/1/24 at 8:28 pm to pdubya76
I know someone who retired at 45, and was even able to do so after giving up 7 figures in a divorce. He worked as a high ranking distributed systems engineer for SignalFX and then Splunk. He doesn't have any kids and travels around the world rock climbing. He very well could return to the work force one day, but he claims he won't
Posted on 4/1/24 at 8:32 pm to HippieTiger
My uncle retired at 47 from Wal Mart. Was a senior VP at 35
Lives on the beach in 30a with his family
Lives on the beach in 30a with his family
Posted on 4/1/24 at 9:03 pm to carhartt
45 here. Now I just live off the businesses I started before leaving my 9-5. Crazy to think how long it's been since I've worked "for the man".
Posted on 4/1/24 at 9:04 pm to carhartt
quote:
n that time we’ve had 2 guys that were past retirement age die while still working. One guy extended his retirement by a year so he could pay off his motorcycle faster. He died on the day he was supposed to retire. He had plans to ride all over the US and Canada during retirement.
shite like that makes you realize that working too long ain’t worth it. Enjoy life as much as you can and stop doing the grind as soon as possible.
Those are the outliers though, more likely to live into one's 80s. The life expectancy for a male who reaches 60 is age 81.
Posted on 4/1/24 at 9:07 pm to carhartt
I don't want to work one day above 60 year old realistically, but the earlier the better.
Posted on 4/1/24 at 9:12 pm to carhartt
My father retired at 53. My Aunt and Uncle both managed it by 50-51. Not gonna lie, I would do a serious downsize and downgrade of my lifestyle if it meant giving the finger to corporate America at age 50. I’m not married (for now) and don’t have kids. All I really want is to work in my yard, play with my dogs, and go on a run when I feel like it. Don’t need a beach house on 30A or first class tickets on European vacations.
This post was edited on 4/1/24 at 9:19 pm
Posted on 4/1/24 at 9:17 pm to Shorts Guy
a very important issue in the retirement plan is covering medical insurance till you are medicare eligible ,65. Paying the full bill yourself will bankrupt most early retirees
Posted on 4/1/24 at 9:27 pm to carhartt
From an actual career? My HS buddy retired from the Air Force at 43.
Another friend hit a pretty good lick and got rich off the BP Spill. He retired in his mid 30s.
Another friend hit a pretty good lick and got rich off the BP Spill. He retired in his mid 30s.
Posted on 4/1/24 at 9:38 pm to terriblegreen
quote:
I retired from the military 2 years ago with 31 years. I’m working now because my youngest is still in school. She graduates next May and I’ll be done. I’ll be 52.
Damn. I didn’t realize I was THAT thankful for your service.
Posted on 4/1/24 at 9:41 pm to carhartt
Al Bundy, “Retirement is what men do when they stop working and what women do when they get married.”
Posted on 4/1/24 at 9:42 pm to CHEDBALLZ
quote:
Another friend hit a pretty good lick and got rich off the BP Spill. He retired in his mid 30s.
Spillionaires are a very real thing.
Posted on 4/1/24 at 10:04 pm to Trevaylin
After 30 years of service my company allows us to keep our insurance in retirement and only pay the employee portion. At 25 years you can retire with full pension but pay the entire portion. I was one of the last hires to still have a pension and a 401k with a small match and I plan on checking out the day I qualify for the cheaper insurance.
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