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Started By
Message
re: Retiring early vs. never retiring
Posted on 9/4/20 at 2:10 pm to Slippy
Posted on 9/4/20 at 2:10 pm to Slippy
Working offshore gives me an interesting perspective. On my days off The only proof that I’m not retired is that I can’t smoke a j this afternoon. Maybe it’s because it’s summer time and nearly impossible to do the things I enjoy, or that we spend a fair amount of our income raising kids, but today I don’t want to be retired. I honestly can’t fathom a reality where I don’t have to go to work on the 18th nor would I want it at this point in my life. But I like my job right now. I say I’m leaving in 20 years at 60. House will be paid off in ten years, last kid should be out of college in 16. If I get to 60 and I’m still eating gravy at work with no bills, I might consider staying longer. But a life this good can’t last that long.
0
Posted on 9/4/20 at 2:12 pm to Slippy
The difference being having a job and a profession...I will not retire.
Posted on 9/4/20 at 2:13 pm to Slippy
Retiring early isn't about quitting working. It's about having enough money that you don't have to work so that you can dictate your work life balance and do what you really enjoy. In some form I would always work because a person needs purpose for happiness. That said, I'm probably no where near close to being able to FIRE. I have reasonable retirement saving for a person my age (could be better), but I'd probably need a major windfall to get there. I'm not too concerned about that though. Just trying to balance enjoying the moment and being responsible for the future.
Posted on 9/4/20 at 2:20 pm to Centinel
I do automation work, which comes with digital security, instrumentation, process control for plant equipment. I agree with the paid for your brain part. If I’ve got a tool in my hand I’m probably not doing what I get paid to do, I’m just doing something to be doing it. If they keep paying me what they’re paying me ,not ask any more of me, and I still get half the year off, I might never leave
Posted on 9/4/20 at 2:25 pm to Slippy
I'm in my late 20's and already I'm looking forward to retirement big time. 
If I can retire by 60, I would be plenty happy with that, but it might not end up being that early.
If I can retire by 60, I would be plenty happy with that, but it might not end up being that early.
Posted on 9/4/20 at 2:32 pm to Tooni
quote:
There’s an ancient fricker at my work and I’ve never seen him take a sick or vacation day in 3 years. Not once. Nice enough guy but for some reason it bothers me so much that I have this irrational disdain for him.
Loyalty and dependability used to be an admired characteristic of a worker until millenials came along as started demanding what they hadn't earned yet.
Posted on 9/4/20 at 2:33 pm to Slippy
Ill be dead by then. frick all that.
Posted on 9/4/20 at 2:37 pm to Slippy
I’ll always be making some sort of income. I plan on “moving on” from my current line of work somewhere in my mid-50’s. By then I’ll have more than enough to cruise on. Plans after that are to work on the land, make it better, and keeping the farm up somehow (hahahahahaha) for the kids, mostly become some 75yr old grit-eating, strong mf that still gets after it but can take off for family time. I do not want to retire early and bum around the house.
Posted on 9/4/20 at 2:44 pm to Slippy
There was an old man our family befriended when I was a kid and he worked for Brown's Velvet until he was close to 80 if I recall correctly. He just didn't have anything else in his life to occupy his time otherwise and he liked feeling needed and wanted.
He finally did stop working and he died not long afterwards.
He was a young man when the depression hit and I think that shaped his life as far as holding on to a job and having money coming in.
He finally did stop working and he died not long afterwards.
He was a young man when the depression hit and I think that shaped his life as far as holding on to a job and having money coming in.
Posted on 9/4/20 at 2:54 pm to brett randall
Had a doctor tell me this once.
Posted on 9/4/20 at 2:55 pm to brett randall
quote:
Never seen the headstone that read " Damn, I wish I would've worked one more day."
Truest fricking words ever spoke
Posted on 9/4/20 at 3:03 pm to Slippy
I have been retired from full time work for 10 years now. I tried doing part time consulting, but even though the money was substantial my time had become priceless, and I despised having anyone else dictate what I did with it. I always have things to do, I exercise more. and am in the best shape of my life. Unfortunately it seems retirement years pass 3 times as fast as working years. If you start thinking that you will retire when you have amassed a certain amount of money you will probably never quit, it will always be too easy to rationalize working “just another year” for whatever additional money you can accrue. When you have way more years behind you than ahead, you will regret any years you worked that you didn’t have to.
Posted on 9/4/20 at 3:04 pm to Slippy
My goal is 60 at the youngest and 65 at oldest.
Posted on 9/4/20 at 3:23 pm to MSTiger33
I need $5M liquid at 55, will move up or back at $500k/year.
Posted on 9/4/20 at 3:27 pm to forever lsu30
quote:It's only "work" if you would rather be somewhere else. That being said..who want to be the richest man in the graveyard. I hope to split the middle, have enough to do what I want but not work till I drop. I want to get a RV and drive west. That's the big plan. No plan but to drive out west!!!
If you love what you do, you never work a day in your life.
Posted on 9/4/20 at 3:32 pm to Slippy
I could have retired a few years earlier than I did. But I wanted to make sure that I wasn't one of these guys who retires early only to do part time work. I already worked 12 hour shift 3 on and 3 off, which feels like part time anyway. So I waited for 3 extra years to retire. Been retired 4 years now, and I will say this. The weeks, and months fly by, and they go by so fast that if you can possibly retire comfortably early, do it. But don't do it if it means that you'll have to work a part time job just to live comfortably. Unless you just hate your job.
Posted on 9/4/20 at 3:39 pm to Dawgwithnoname
You don't need to earn being treated like a human being.
Posted on 9/4/20 at 3:45 pm to Slippy
quote:
Who loves work that much?
People who sent years earning a degree/working their way up the ladder in a profession they love.
Usually these people have advanced education and their careers provide them, at least in part, purpose.
I love what I do and would retire tomorrow if I won the powerball but would provide charity/humanitarian work in retirement.
Posted on 9/4/20 at 3:49 pm to Colonel Angus
quote:
My dad told me several years ago, "Son, when you retire, here is a piece of advice. Make damn sure you have somewhere you can consistently go (i.e. not your house) everyday."
I suspect this is one reason some people work into their 70s.
Working from home has opened my eyes to that. It wouldn't be so bad if my kids were going to school in person, but we're nearing the end of a big home improvement project that is giving us a huge covered deck and a decent sized office for me. I can go outside, hop in the office, and won't have any kids running around above or below me. The wife thinks it is going to be her retreat too, so as long as we break in the new couch properly she can come visit the office any time.
Posted on 9/4/20 at 4:07 pm to Slippy
I plan on working until at least age 70.
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