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All this retiremet talk-When do you plan to retire?
Posted on 9/13/12 at 5:14 pm
Posted on 9/13/12 at 5:14 pm
I know health and ability to perform your job can come into play but at 38 years old I can see myself working into my 70s. Have done same job for 16 years and feels like I've just started. My father in law is 71 and works 4 days a week and loves it. I can see myself doing the same. Doesn't change my plan of attack so to speak but I don't really freak out like some I know thinking they have to have x amount of money at age 60.
12
Posted on 9/13/12 at 5:19 pm to CAT
I'm 26. My plan is to retire from my career at 65 (best case with health, no spontaneous career changes, either by choice or force). I will probably do something with my time after that, but no idea what at this point.
When determining my retirement strategy, I "set" my retirement age at 58, though.
When determining my retirement strategy, I "set" my retirement age at 58, though.
Posted on 9/13/12 at 5:23 pm to GRTiger
I'm 25, I deally I would like to retire by 30.
Posted on 9/13/12 at 6:06 pm to CAT
look, we all had that dream to retire when we hit 39 after reading those books and all.
technically, I could retire now if i wanted at 41 and live off the wifes income on a really tight budget. of course that would mean probably letting my LSu and saints season tix go also.
But do i really want that? and if you do retire early, do you really want to drain all that money you busted your arse to put away for so long(especially if your spouse is not working anymore)? not me.
so my dilemna is find a happy medium. i'll most probably work into my 70's...but once i get around that age i am sure it will be part time etc. vacation half the year and work the other half or something like that. that way i keep funding my semi-retirement so to speak without draining my $$$$.
edit: and i am making less money now with obama in office than i did with bush just for the record. unless my rental/dividend income(crossing fingers) is where i want at 65 maybe i could retire full time. but even then i doubt i would want that. I have to be doing something.
technically, I could retire now if i wanted at 41 and live off the wifes income on a really tight budget. of course that would mean probably letting my LSu and saints season tix go also.
But do i really want that? and if you do retire early, do you really want to drain all that money you busted your arse to put away for so long(especially if your spouse is not working anymore)? not me.
so my dilemna is find a happy medium. i'll most probably work into my 70's...but once i get around that age i am sure it will be part time etc. vacation half the year and work the other half or something like that. that way i keep funding my semi-retirement so to speak without draining my $$$$.
edit: and i am making less money now with obama in office than i did with bush just for the record. unless my rental/dividend income(crossing fingers) is where i want at 65 maybe i could retire full time. but even then i doubt i would want that. I have to be doing something.
This post was edited on 9/14/12 at 8:35 am
Posted on 9/14/12 at 12:21 am to Fat Bastard
I was told a long time ago by a U.S. Magistrate "55 and out."
That is my mantra.
At age 55, I'll find somthing fun to do. Perhaps become a night manager at a 24-hour Kroger. Walking the aisles is good exercise.
That is my mantra.
At age 55, I'll find somthing fun to do. Perhaps become a night manager at a 24-hour Kroger. Walking the aisles is good exercise.
Posted on 9/14/12 at 12:49 am to CAT
Don't think I could ever retire. Would literally be bored to death.
Posted on 9/14/12 at 6:09 am to NELAtigers
Was forced in to retirement at 52 due to health. Was planning to retire at 57-59 due to health cost. I was planning on doing some kind of part time job just for the hell on it, but that is not going to happen now. After not working the last two years, I wish I was back at work.
Only good thing is, due to my health, I get max SSD, had a insurance plan in place that makes up what I was making before I got sick and will get Medicare next april. My insurance plan will pay till I'm 70 or die.
Bad part is the wife is only 52 now and will have to buy health insurance for her. High dollar cost and she retired before me with no insurance.
Might have to send her arse back to work just for that. If not, I might have to start eating my 401k acc to help pay for insurance.
So much for planning for retirement. Never know what life will throw at you. :banghead:
Only good thing is, due to my health, I get max SSD, had a insurance plan in place that makes up what I was making before I got sick and will get Medicare next april. My insurance plan will pay till I'm 70 or die.
Bad part is the wife is only 52 now and will have to buy health insurance for her. High dollar cost and she retired before me with no insurance.
Might have to send her arse back to work just for that. If not, I might have to start eating my 401k acc to help pay for insurance. So much for planning for retirement.
Never know what life will throw at you. :banghead:Posted on 9/14/12 at 6:10 am to CAT
Realistically, I may never retire. When I'm off for a week, my mind is racing trying to solve non-work related issues and general philosophising. It's better to just expend all of my mental energy at work to where I can truly relax on evenings and weekends.
Posted on 9/14/12 at 7:01 am to Bayou Tiger
I would like to retire from my 9-5 job at 55. I hope that by then I will be able to work for myself on my own schedule. I dont see myself ever fully retiring until my health forces me too.
Posted on 9/14/12 at 7:06 am to Bayou Tiger
quote:
Realistically, I may never retire. When I'm off for a week, my mind is racing trying to solve non-work related issues and general philosophising. It's better to just expend all of my mental energy at work to where I can truly relax on evenings and weekends.
I'm very similar. I'm lucky enough to be able to set my own schedule so I work 3 full days and 2 half days. Take one full week off during the Summer for vacation with kids etc and by the 3rd-4th day even though having fun and relaxing I start thinking and planning in my head.
Posted on 9/14/12 at 7:59 am to NELAtigers
quote:
Don't think I could ever retire. Would literally be bored to death.
that would be a problem of mine as well. which is why i say work some play some. partial retirement.
also i cannot retire now...where would i get my $$$ for my investments????? monopoly money????
This post was edited on 9/14/12 at 8:01 am
Posted on 9/14/12 at 8:13 am to CAT
I'll have the option to retire at 45 but I won't. I live a frugal lifestyle as it is so if things keep going like they are, 40 is a real possibility.
I'll probably work until I am dead though. Every noticed how peoples minds get worse after they retire? It seems like they all go down hill.....
ETA: I should add that this is just for me. If I get married and have kids, things will change drastically. Not prepared for buying new cars and sending someone to college.
I'll probably work until I am dead though. Every noticed how peoples minds get worse after they retire? It seems like they all go down hill.....
ETA: I should add that this is just for me. If I get married and have kids, things will change drastically. Not prepared for buying new cars and sending someone to college.
This post was edited on 9/14/12 at 8:17 am
Posted on 9/14/12 at 8:31 am to I Love Bama
quote:
Not prepared for buying new cars and sending someone to college.
heh. I am on that path now. kids are expensive. college in 4 more years for one(hopefully she gets a scholarship). i am gonna buy a used car for her though not new. hell neaux. i will not even buy new for myself again.
Posted on 9/14/12 at 10:12 am to I Love Bama
quote:
Not prepared for buying new cars and sending someone to college.
Been there and did that twice.
Posted on 9/14/12 at 12:46 pm to CAT
My brother is 67 and has Parkinson's disease. He is retired military but still works in an office. He is very financially secure. He doesn't work for money. He works because he has no hobbies. He doesn't hunt, fish, work out in the gym, garden, etc. Nothing. He will work till he dies because work is his only hobby.
I'm retired and loving it. But I have tons of hobbies to fill my day.
I'm retired and loving it. But I have tons of hobbies to fill my day.
Posted on 9/14/12 at 1:57 pm to I Love Bama
quote:
ETA: I should add that this is just for me. If I get married and have kids, things will change drastically. Not prepared for buying new cars and sending someone to college.
I think most guys could retire in their 40's if not for their families. I could retire at 30 if not for a family.
Posted on 9/16/12 at 10:00 am to CAT
Probably 70. I could do 55 if I wanted but I think I would get bored.
Posted on 9/16/12 at 10:28 am to CAT
25. 11 months to go
Posted on 9/16/12 at 10:33 am to CAT
I retired in 02 at age 61 - don't find retirement boring at all. So much to do - have hardly made a dent in my bucket list yet, but I'll keep at it.
Posted on 9/16/12 at 11:14 am to blueridgeTiger
I have a hard time imagining ever calling it completely quits as long as my mind and body are able. I do "knowledge work" that isn't physically demanding. I could still see myself working 20-30 hours a week in my 70s.
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