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Retirement Decision

Posted on 2/21/25 at 12:58 pm
Posted by Artificial Ignorance
Member since Feb 2025
1424 posts
Posted on 2/21/25 at 12:58 pm
Blessed to have the resources to walk away from long career tomorrow and never work again. Age 55. Healthy.

Here is the dilemma (if that is even the right word). Great role, boss, and pay. Likely severance package in 2-yrs that will pay 1.5 yrs salary (effectively covers 3 retirement yrs worth as retirement expenses will be lower).

The bad: much int’l travel! Super busy all the time. Weekend work is essential. Navigating large and complex organization is wearing me down more than ever. The months are passing by fast (time seemingly turning to dust).

Have Elderly parents so time is precious now, anticipating them being less ambulatory in near future. Tmr not promised to anyone.

While the severance is gravy, it is delicious gravy so to speak (relieves 5 years from tapping 401k, 2 yrs until + sev provides 3 yrs of retirement expenses). That said, can live the retirement lifestyle planned for using <4% rule starting tmr. Point: the severance is truly a “bonus”.

Curious to learn this board’s experience with retirement timing decisions, your context and approach you took in the face of time vs money.

Reached point in life where time is considerably more valuable than money. However, money is obviously still quite valuable to this decision - hence the post.

Appreciate your sharing!
Posted by LemmyLives
Texas
Member since Mar 2019
12828 posts
Posted on 2/21/25 at 1:33 pm to
quote:

The bad: much int’l travel! Super busy all the time. Weekend work is essential. Navigating large and complex organization is wearing me down more than ever.

I'm 15 years away from retiring, but I'd advocate mitigating the problem. I did plenty of international travel and had zero problem with it. I also worked with people that it crushed.

The difference was that I controlled it, the other people just did what they thought they were told (We need you Tuesday morning in Tokyo. They would fly out Monday afternoon, and I would fly out the Thursday before so I could adjust, drink some beers, unpack, etc.) I always padded the trip on both ends so I was never flying in a suit to a meeting right off the plane in Rome, Tokyo, etc. I didn't ask for permission.

I essentially uninstalled the instant messenger from my phone and laptop, because nobody knew what time zone I was in anyway (we used a separate conference call app, it wasn't like Teams.) I could do four days worth of work in three hours at the hotel 12 time zones away, because nobody was up my rear end.

If you've got a 2 year clock, stop giving a shite about "optional" look good sort of tasks and duties. You need a volunteer to plan the speaker schedule at PronCon 2026? Sorry, look elsewhere. If you've got a good boss, he'll help you understand which denials will become career limiting (all 730 days you have left) and which ones are DEI like BS you can safely ignore. Or delegate. Find an understudy that's ten years younger and "mentor" them into the bullshite that taxes you.

Use work to get your parents out while they are ambulatory (unless you're going to Africa, lol.) Get them a ten day tour in the middle of your two week trip to Benelux, and make your weekend about them, etc.

quote:

Navigating large and complex organization

I worked for a corp with 400k, I get you. I learned early on to ask more direct questions, "Who is the decision maker? Is it John Q who you told me to schedule the meeting with, or someone else." In the beginning, I'd root around the org structure and try and figure things out, which failed, because I never knew culturally how the org was really working until I spent a week or two there.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
147768 posts
Posted on 2/21/25 at 1:43 pm to
quote:

Reached point in life where time is considerably more valuable than money. However, money is obviously still quite valuable to this decision - hence the post.
take a page out of the Boomer's playbook and just completely mail it in on these last two years.


Have the best of both worlds
Posted by 98eagle
Member since Sep 2020
3014 posts
Posted on 2/21/25 at 2:29 pm to
I retired early 5 years ago. Best decision I ever made. I had a high paying corporate job, but no longer had any job satisfaction. I had enough saved to retire so I did.

We moved from our urban home to a lake home in a small town closer to family and friends. I don't miss work at all. We have great neighbors and more new friends, and basically do whatever we want.

So go for it if you are able to retire from a financial standpoint and socially you are not tied to a work life.
Posted by ValZacs
Zachary/Valpo
Member since Jan 2009
516 posts
Posted on 2/21/25 at 2:33 pm to
Sounds like u really want someone validation for the decision you’ve just about made. Tmr not promised, time more valuable thaan money, aging parents, etc.
With that mindset, might be the right time to have a sit-down with the boss, see what can be done to give you more home time for the next couple years. You are in the driver seat for the outcome of that meeting.

Just an fyi, i pushed my retirement out an extra 6 months, lost my mom in the 2nd of those - didn’t get to do for or with her what i wanted to…….
Posted by masoncj
Atlanta
Member since Jun 2023
592 posts
Posted on 2/21/25 at 2:36 pm to
What lake did you decide on?
Posted by Popths
Baton Rouge
Member since Aug 2016
4384 posts
Posted on 2/21/25 at 2:39 pm to
There is always a money draw opportunity. When you have enough and probably more than you’ll ever spend, hang it up and live. There’s more to life than chasing money. Way more.
Posted by masoncj
Atlanta
Member since Jun 2023
592 posts
Posted on 2/21/25 at 2:40 pm to
If you decide to hang it up what are you going to do about medical ?

Just pay high premium / high deductible out of pocket ?

I am interested in quitting my corporate gig in early 50s but medical expenses is the big unknown
Posted by CharlesUFarley
Daphne, AL
Member since Jan 2022
889 posts
Posted on 2/21/25 at 2:45 pm to
I retired early in 2021 after losing my job. I could have gotten several, but just didn't have the appetite to do any of them. There was a time when I lapped up new tech like a sponge and was an early adopter of things I considered high potential, but in the end, none of it was fun anymore, and I just really put a higher value on sleeping late. There is a considerable enhancement in quality of life that you get by just following a natural sleep cycle every day. The Sun is the only alarm clock you need.

Anyway, I was 55 and had half as much money as I thought I would need. I was wrong, I have plenty to live like I want to. I might regret it in a few years, but right now, I certainly don't

In any event, you might be able to do some sort of consulting or part time limited work at home in your field, making some money, maybe not much but some. When you dollarize quality of life, and perhaps the value of some sort of part time work on your own schedule, the math might work out just fine without the severance. I thought about a lot of things like that at first but decided I'd rather just sleep late.

The other thing is if you are inclined to manage your own wealth, you might find better results with 10% of the effort.
Posted by CalcuttaTigah
Member since Jul 2009
969 posts
Posted on 2/21/25 at 2:48 pm to
Retire and tell them you’re open to consulting. Is that an option?
Posted by Artificial Ignorance
Member since Feb 2025
1424 posts
Posted on 2/21/25 at 3:01 pm to
My tenure w/existing company ensures I keep same coverage at same price in retirement as an active employee.
Posted by Tschool
Zachary
Member since Jan 2004
141 posts
Posted on 2/21/25 at 3:18 pm to
Every year you work is giving up the most valuable year you have left. Never know what your health future holds.
Posted by SoLaSMB
Member since Feb 2025
83 posts
Posted on 2/21/25 at 3:29 pm to
quote:

Artificial Ignorance

Assuming your actual and projected spend is less than or equal to your yearly withdrawal from assets that can last you for 30-40 years, I would have a frank conversation with your boss about it.

You may surprised at how amicable it might be to work part time and/or consult. Lots of companies willing to give incentives for tribal knowledge transfer and you will likely qualify.

Congrats, GFY
This post was edited on 2/21/25 at 3:30 pm
Posted by Bow08tie
Louisiana
Member since Oct 2011
4512 posts
Posted on 2/21/25 at 5:13 pm to
Retired at an earlier age than you because I could. Enjoyed a year of retirement and boredom began setting in. Went back to work for a year. Then went back into retirement for another year. Boredom began to rise up again so I went back to work. It’s nice to have the option and flexibility to work if I want to or don’t.
Make that decision and go for it!
This post was edited on 2/21/25 at 5:15 pm
Posted by 98eagle
Member since Sep 2020
3014 posts
Posted on 2/21/25 at 6:28 pm to
quote:

Retired at an earlier age than you because I could. Enjoyed a year of retirement and boredom began setting in. Went back to work for a year. Then went back into retirement for another year. Boredom began to rise up again so I went back to work. It’s nice to have the option and flexibility to work if I want to or don’t.
Make that decision and go for it!

That's the conundrum for anyone retiring early that can afford to financially. You have to determine (or you will definitely figure it out after you retire) whether or not your sense of accomplishment at work and/or social interactions at work perhaps outweigh your social interactions and well being while you're retired.

Some people think they will be happy with all of their free time and to do what they want, not answering to anyone, only to find out they become bored over time and/or need the social interaction at work or sense of purpose and accomplishment they have at work.

For me personally, we are really lucky to be around friends and family and do our hobbies and meet with people we know around town frequently. We fish and go boating with other folks who are retired and meet with friends frequently, so that makes a big difference in our social interactions making retirement more fun.
My work was like prison in comparison, so it was a no brainer to retire early.

So you have to figure that out for yourself. Where do you think you will be happier.
Posted by slackster
Houston
Member since Mar 2009
91265 posts
Posted on 2/21/25 at 7:05 pm to
quote:

Artificial Ignorance


You signed up today and have already started 3 threads on the more obscure boards on TD - Money Talk, Health and Fitness, and Food and Drink.

You’re a weird bot
Posted by Artificial Ignorance
Member since Feb 2025
1424 posts
Posted on 2/21/25 at 7:17 pm to
You prioritized a response to a “weird bot”.

Your chakras are clearly in balance. Nice.
Posted by slackster
Houston
Member since Mar 2009
91265 posts
Posted on 2/21/25 at 8:13 pm to
We get a lot of alters/bots on the Money Talk for some reason.
Posted by wfallstiger
Wichita Falls, Texas
Member since Jun 2006
14535 posts
Posted on 2/21/25 at 8:32 pm to
Time....your most precious commodity

Retired at 58

Semi-retired at this moment - pretty much at my own pace
This post was edited on 2/21/25 at 8:34 pm
Posted by LSUtoBOOT
Member since Aug 2012
18934 posts
Posted on 2/22/25 at 8:27 am to
The two biggest regrets I’m seeing after watching 100’s of retirement videos:

1. Waited too long to retire.
2. Didn’t spend enough money while young enough to enjoy it.
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