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Started By
Message
re: Appropriate Age to Retire?
Posted on 8/14/19 at 5:19 pm to DomincDecoco
Posted on 8/14/19 at 5:19 pm to DomincDecoco
Hopefully 52...
1
Posted on 8/14/19 at 5:20 pm to Sweltering Chill
quote:
Yes but did you enjoy it? Or were you just locked up in a loony bin or something?
Good God did I.
But it was still idiotic.
Posted on 8/14/19 at 5:20 pm to biscuitsngravy
Health insurance will probably be the kicker for most wanting to retire young.
Posted on 8/14/19 at 5:20 pm to Cosmo
quote:
My retirement number is 10 million
Seriously? I honestly think i could retire, and make it to 80 or 90 yrs old, on like $500k... that would obviously involve moving to somewhere like Malaysia or Costa Rica, but I’ve thought about it in order to get there sooner.. i live a pretty simple lifestyle for the most part though.
ETA my calculation assumes that SS will still be solvent in 20 or 30 years, which i realize we could do a whole thread on but let’s not.
This post was edited on 8/14/19 at 5:23 pm
Posted on 8/14/19 at 5:23 pm to Oddibe
Interesting question...
I'd like to retire from my "earnings" career at 55.
After that, I'd begin doing something that was purely of my interest, perhaps becoming a professor somewhere while day trading, or do something as far out as maintain a fishing lodge in Wyoming. Whatever it is, I'd like to still be active and learning. We are living much longer, so it's no mystery careers are getting longer too. I just hope I hit those financial marks for myself/family to pursue those things later in life.
The idea of moving to some retirement community in Florida, Arizona, or anywhere alike to play golf, drink beer, get fat and lazy, and only be excited when grandchildren come around/college football comes on would make me yearn for the sweet release of death.
I'd like to retire from my "earnings" career at 55.
After that, I'd begin doing something that was purely of my interest, perhaps becoming a professor somewhere while day trading, or do something as far out as maintain a fishing lodge in Wyoming. Whatever it is, I'd like to still be active and learning. We are living much longer, so it's no mystery careers are getting longer too. I just hope I hit those financial marks for myself/family to pursue those things later in life.
The idea of moving to some retirement community in Florida, Arizona, or anywhere alike to play golf, drink beer, get fat and lazy, and only be excited when grandchildren come around/college football comes on would make me yearn for the sweet release of death.
This post was edited on 8/14/19 at 5:24 pm
Posted on 8/14/19 at 5:24 pm to Sweltering Chill
Was planning to retire at 55, forced into retirement at 52 due to health. 
Posted on 8/14/19 at 5:24 pm to Sweltering Chill
Depends on a shitload of factors
Posted on 8/14/19 at 5:25 pm to Sweltering Chill
Death
Never stop partying.
Never stop partying.
Posted on 8/14/19 at 5:25 pm to ATLabama
quote:
I'd like to retire from my "earnings" career at 55. After that, I'd begin doing something that was purely of my interest, perhaps becoming a professor somewhere while day trading, or do something as far out as maintain a fishing lodge in Wyoming
I think this is the crux of the issue.. i think that most of us would be happy to keep working forever if we *wanted* to work, versus if we *had* to work.
Posted on 8/14/19 at 5:26 pm to Sweltering Chill
quote:
Seriously? I honestly think i could retire, and make it to 80 or 90 yrs old, on like $500k... that would obviously involve moving to somewhere like Malaysia or Costa Rica, but I’ve thought about it in order to get there sooner.. i live a pretty simple lifestyle for the most part though.
Yeah I could live off of the interest of a lot less than 10 million for the rest of my life starting now at 41
Posted on 8/14/19 at 5:31 pm to Sweltering Chill
I can retire at 55 for sure. I definitely don’t plan on going past 60.
Posted on 8/14/19 at 5:41 pm to terriblegreen
retire while you have good health, manage your money and retirement money well.
Best advice- try to live off your retirement income for 2-3 years before you retire.
I have way too many colleagues who have retired and went back to work
Best advice- try to live off your retirement income for 2-3 years before you retire.
I have way too many colleagues who have retired and went back to work
Posted on 8/14/19 at 5:45 pm to Sweltering Chill
My wife "retired" at 49 and I just did at 50. I put retired in quotes, because be are both working about 10 hours a week. We were both lucky to be able to find consulting work, both our kids have full college scholarships, and we have no debt. The negative is health insurance. With my wife's job, we were all 100% fully covered - the company even covered our deductibles and co-pays. It is only now that we realize how expensive health insurance is.
Posted on 8/14/19 at 5:47 pm to Sweltering Chill
quote:
i could find lots of purpose in life whether i’m working or retired.
make sure of that before you pull the plug baw, you have to have something to retire to, as opposed to retire from, I love my job and what I do and in over 40 years of doing this I have never thought of it as a job, or necessarily "going to work," I've made more money(as a result of decent investments and having the time to seek them out,) than my grandkids(if I had them,) could spend, as mandatory retirement age approaches I'm getting a little melancholy and can see the light, but I've got it so good doing what I do that I'm not sure that I'm ready for it, or even want it
Posted on 8/14/19 at 5:48 pm to Sweltering Chill
Retiring at 55 is really expensive, fwiw, but best of luck.
Posted on 8/14/19 at 5:52 pm to FloridaRougaroux
You waited to you retired to think about how much your health insurance would cost?
Posted on 8/14/19 at 5:52 pm to Sweltering Chill
quote:
I’m in my early 40s and am busting my *** to try and retire in my mid 50s,
Are you having to sacrifice some things that you might regret even if you meet your goal in your mid fifties?
There is more to life than accumulating wealth , but those things ara all individual choices. You are the only one who can make that determination for yourself.
Posted on 8/14/19 at 5:54 pm to Tempratt
quote:
non-employer subsidized health coverage will be about $2000-3000/month.
And this is what it’s all about. Trump needs to do his job and replace Sotero care so we can get competitive quotes from multiple companies. Who wants to or can afford to pay $25k/yr for health insurance.
Posted on 8/14/19 at 6:01 pm to Sweltering Chill
I’m going for 55. I’m still in my 30s, but I can keep my insurance and get my pension at that age.
Posted on 8/14/19 at 6:04 pm to PotatoChip
quote:
55
that was always my target, and I was ready to go at 55, but when I got there, there was really not a good reason to leave
quote:
I can keep my insuranc
check the deets on that too, make sure there aren't exclusions or a cap
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