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re: At what age did you retire, and what did you do to get there?

Posted on 4/6/21 at 11:20 am to
Posted by pochejp
Gonzales, Louisiana
Member since Jan 2007
7945 posts
Posted on 4/6/21 at 11:20 am to
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.


Wow good for you. That's a nice accomplishment.

I'm 54 and I plan on working until i'm 62. I have 23 years with the company i'm with now so I have 8 more years to go. I have a pension, 401K and will likely start drawing SS at 62 even thought it will be reduced. My age group isn't eligible for full SS until age 67. At 62 i'll have 43 years in the plants. That's enough.
Posted by LSUGrad9295
Baton Rouge
Member since May 2007
35372 posts
Posted on 4/6/21 at 11:23 am to
quote:

At what age did you retire


Probably the age listed on my death certificate, minus one day

quote:

what did you do to get there?


Die
This post was edited on 4/6/21 at 11:25 am
Posted by pbro62
Baton Rouge
Member since May 2016
14078 posts
Posted on 4/6/21 at 11:31 am to
frick off. You are full of shite.
Posted by ShermanTxTiger
Broussard, La
Member since Oct 2007
11122 posts
Posted on 4/6/21 at 11:36 am to
Plan on 58. Two years away. Company pension and a nice 401K. The only way to go IMO. I will take SS when I get 62 if I can.
Posted by Centinel
Idaho
Member since Sep 2016
44048 posts
Posted on 4/6/21 at 11:43 am to
quote:

Alyosha


Have you ever won any "cat spotter of the week" awards?
Posted by TheAlmightySmash
New Orleans
Member since Jun 2014
5487 posts
Posted on 4/6/21 at 11:46 am to
quote:

$5 a pop


5 for $20?
Posted by Erebus
Member since Jan 2019
574 posts
Posted on 4/6/21 at 4:19 pm to
I think I’m going to work until I drop dead, from there I’ll have to remote in from hell for the rest of eternity.
Posted by Alyosha
Member since Nov 2020
8240 posts
Posted on 4/6/21 at 7:45 pm to
Don’t know what that means.
Posted by Alyosha
Member since Nov 2020
8240 posts
Posted on 4/6/21 at 7:45 pm to
quote:

frick off. You are full of shite.


Thanks for the feedback!
Posted by Bear88
Member since Oct 2014
14335 posts
Posted on 4/6/21 at 8:16 pm to
Plan on next year at 52. Will be 25 years of teaching and coaching , AD and last 4 years of driving a bus too . Will have state retirement then my 401k will kick in at 59 also
Posted by mingoswamp
St. Louis
Member since Aug 2017
970 posts
Posted on 4/6/21 at 10:41 pm to
66. Industrial automation sales. Feel pretty fortunate after giving my ex-wife half of everything in 1990.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 4/7/21 at 12:14 am to
quote:

Will have state retirement then my 401k will kick in at 59 also


If you have left your job, you can make withdrawals from s 401k at age 55 without penalty.

“Internal Revenue Code that allows you to start taking distributions from your 401(k) plan before you reach age 59½? §72(t)(2)(A)(v), The primary requirement is that you separate from service with the employer at or after age 55.”
This post was edited on 4/7/21 at 12:20 am
Posted by Bear88
Member since Oct 2014
14335 posts
Posted on 4/7/21 at 3:23 am to
quote:

The primary requirement is that you separate from service with the employer at or after age 55.”


Well I guess it will still be 59 and 1/2 for me bc I don’t think I can go another 4 years

Thanks for the info though bc I was not aware of that . They never told me
Posted by munchman
Baton Rouge
Member since Feb 2006
10360 posts
Posted on 4/7/21 at 3:34 am to
Too young to retire.
25 years away
Posted by LSUtoBOOT
Member since Aug 2012
16705 posts
Posted on 4/7/21 at 4:33 am to
I enjoy my job and will retire the day it’s no longer enjoyable, or I can’t perform it up to my own expectations.
Posted by andouille
A table near a waiter.
Member since Dec 2004
11119 posts
Posted on 4/7/21 at 6:08 am to
71 now, retired from full time at 58, I do consulting now, love it, work about 10 hours a week when I want to. We planned well, scrimped when we were young, now we can splurge and have trust funds for all the grandchildren.

The secret is that when you're kicking arse, getting raises and bonuses, don't spend it, save it, pay off your house, get rid of debt.
Posted by meansonny
ATL
Member since Sep 2012
26005 posts
Posted on 4/7/21 at 7:37 am to
quote:

I enjoy my job and will retire the day it’s no longer enjoyable, or I can’t perform it up to my own expectations.


I plan on retiring at 70.
My parents gave me a private school education and then cut me loose at 18 after high school.

I cant afford private school for 4 kids. And i dont want to pay for their college. So my plan is to help them fund self employment when they are 25-35 years old. In the end, this will cost me more than in state tuition, but i think it will set them up better than just paying for college (which i can afford but am choosing not to). You get ahead in this life by owning things (owning your own labor being the best asset).

The plan right now is to have $3M retirement saved at 60. But a lot of that is earmarked to secure capital.

I dont mind working (currently insurance sales). And if it will help my future grandkids? No brainer.
Posted by member12
Bob's Country Bunker
Member since May 2008
32635 posts
Posted on 4/7/21 at 8:52 am to
quote:

At what age did you retire, and what did you do to get there?



Aiming for retirement at 58, but that shite isn't going to happen.
Posted by CelticDog
Member since Apr 2015
42867 posts
Posted on 4/7/21 at 9:20 am to
quote:

it will set them up better than just paying for college (which i can afford but am choosing not to


unless you can prevent them from applying for financial aid the "state" will demand your tax return and will drag money out of you every month. they will say what you have to kick in.

check it out.



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