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re: At what age did you retire, and what did you do to get there?
Posted on 4/5/21 at 7:55 am to TorchtheFlyingTiger
Posted on 4/5/21 at 7:55 am to TorchtheFlyingTiger
quote:This for me too.
Every calculation I run says we have more than enough but it feels uncertain.
I realize it’s the legacy of strict Calvinism in my upbringing (you should NEVER assume that ANY amount is enough).
We also have pretty deep resources in our extended family, not that we plan to personally use them but my siblings are not ever going to need money from me.
Both of our careers are intellectually and socially engaging to us and we are both still on top of our games at them (he said modestly...)
If that substantively changes, it’ll be time to check out or check down to a lesser role.
We’re both still in our fiddies.
Posted on 4/5/21 at 7:56 am to Alyosha
I’m 60 now and could retire. But I love what I do so I’m still doing it!
Posted on 4/5/21 at 7:58 am to bulldog95
quote:
I can’t till 2045 to receive full SS but I’m sure that shite will be dried up by the time I get to that age.
No it won’t. SS will never dry up; the government would just increase the money supply.
Posted on 4/5/21 at 8:00 am to sawtooth
This is how I feel right now at 33.. not planning for marriage or kids so I'm basically doing what I want right now. Just now getting more serious about putting away at least a little - opened an Acorns Investment and Roth IRA accounts and have stuff through my job obviously.
Posted on 4/5/21 at 8:13 am to Alyosha
Retirement is not a goal for me. I’m just fine working until I die
Posted on 4/5/21 at 8:23 am to Alyosha
58
Eat at home, mostly
Bring lunch to work
Wife buys food when it goes on sale
No fancy cell phones
Pay myself first
Live within my means
Used cars
Work like a dog
Discipline
Was able to pay house off in early 40's due to an inheritance.
Eat at home, mostly
Bring lunch to work
Wife buys food when it goes on sale
No fancy cell phones
Pay myself first
Live within my means
Used cars
Work like a dog
Discipline
Was able to pay house off in early 40's due to an inheritance.
This post was edited on 4/5/21 at 8:29 am
Posted on 4/5/21 at 8:26 am to Alyosha
Retired last year at 66 due to heath issues. Would have preferred to keep working. Got married last year, wife retired because of covid from airline industry.
Posted on 4/5/21 at 9:01 am to Alyosha
My Dad is 83 years old and he got up at 5:00 am this morning to go to his $15/hr job. He also stays several hours late every day to help out despite the fact that he is off the clock and doesn't get compensated for that time.
He got his first job in 1949 and has been working ever since. His first job was a paperboy and when the deabeats on his route couldn't pay him the two bits they owed for their paper subscription, he took it out of his own pocket because he didn't want to go to his boss empty handed. In his adult career, he once went 31 years straight without missing a single day of work and his employer gave him a certificate which he still has in a frame.
He has been working 71 years and he still works twice as hard as anybody at his job. When the government gave out stimulus checks this year he tried to contact them and tell them he didn't want one. He's going to die on his feet. They don't make 'em like THAT anymore.
Posted on 4/5/21 at 9:21 am to RedlandsTiger
quote:
RedlandsTiger
As in Redlands, California?
Posted on 4/5/21 at 9:32 am to Alyosha
Was a plant Baw for 40 years. Planned to retire at 59 but back issues took me out early at 57. Took a lump sum pension buyout. Key for me was paying the house off early and getting debt free. Am on SS Disability now and have no interest in working not even part time. Living on investment earnings and spending lots of time exercising and staying in shape.
Posted on 4/5/21 at 9:34 am to Alyosha
I am on track to retire at 60 years old. I don't even want to think about retiring earlier than that. Once 60 hits, I'll probably dedicate 4 months a year to national and international travel and find some easy/seasonal part-time gig to keep me engaged the other 8 months to supplement my Roth income and SS.
Posted on 4/5/21 at 9:40 am to AUFANATL
Props to your dad, a fine fellow!
Posted on 4/5/21 at 10:20 am to Alyosha
55
Worked at nuke plant 28 years, was always in top 3 in overtime
Lived under our means
Have a wife that saves money instead of recycling it.
Mowed yards on the side when I was on shift. At the end of 1 rotation had 7 days off
Paid for both my kids college out of pocket
Also sold a few cars a year
Last 2 years at work I went to training as instructor for our millwright apprenticeship, but I need both my knees and left hip replaced so they let me go out on medical retirement.
Resold my house to the builder and moved back to La from Tx
Company insurance is free to retirees
I don’t have expensive hobbies golf a few times a year
Above average 401 return
Worked at nuke plant 28 years, was always in top 3 in overtime
Lived under our means
Have a wife that saves money instead of recycling it.
Mowed yards on the side when I was on shift. At the end of 1 rotation had 7 days off
Paid for both my kids college out of pocket
Also sold a few cars a year
Last 2 years at work I went to training as instructor for our millwright apprenticeship, but I need both my knees and left hip replaced so they let me go out on medical retirement.
Resold my house to the builder and moved back to La from Tx
Company insurance is free to retirees
I don’t have expensive hobbies golf a few times a year
Above average 401 return
Posted on 4/5/21 at 3:28 pm to Alyosha
quote:
I was director of a research center at the University of Cambridge for 8 years (funded well). Retired at 40, but occasionally do educational consultancy on the side.
OK, I might but I just like using that GIF.
Posted on 4/5/21 at 3:33 pm to Alyosha
59. Saved like hell, had great retirement benefits and a qualified pension. And my best egg has grown considerably. You have to invest wisely or buy index funds. The captains of business generally try to maximize profits.
Posted on 4/5/21 at 3:35 pm to nukedtbone
quote:
55
Worked at nuke plant 28 years, was always in top 3 in overtime
Lived under our means
Have a wife that saves money instead of recycling it.
Mowed yards on the side when I was on shift. At the end of 1 rotation had 7 days off
Paid for both my kids college out of pocket
Also sold a few cars a year
Last 2 years at work I went to training as instructor for our millwright apprenticeship, but I need both my knees and left hip replaced so they let me go out on medical retirement.
Resold my house to the builder and moved back to La from Tx
Company insurance is free to retirees
I don’t have expensive hobbies golf a few times a year
Above average 401 return
all commendable for sure. good job:)
I'm working til 70 or so........I'm in an executive position and its mentally stimulating with little physical demands.
One thing of serious consideration is gray matter stimulation. the use it or lose it paradox for retirees.
Posted on 4/5/21 at 3:39 pm to Alyosha
I’d kill to either retire or work for myself by age 30. frick this bullshite
Posted on 4/5/21 at 3:44 pm to turnpiketiger
Sorry if already covered, but for you guys that retired early, how did you handle health insurance? That's the big issue the people that I know in their 50's and early 60's seem to worry about how to handle.
Posted on 4/5/21 at 3:52 pm to Alyosha
70. Wanted to max out my SS benefits. Those plus my retirement pension, plus wife’s pension and SS, we feel thankful and blessed. Both professionals, we raised 3 kids thru college, and worked lo those many years.
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