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Started By
Message
re: Retiring at 50
Posted on 9/19/22 at 9:17 am to Rex Feral
Posted on 9/19/22 at 9:17 am to Rex Feral
I am going to give you a view from the other side.
Have a solid plan and I would plan to not be truly retired.
My dad had to retire out of the Army at 51. He spent the next 10 years trying to figure out what to do. He eventually found it, however there is a decade of his life he said he wasted. He did not need to work another day in his life, but was completely lost without a reason to wake up in the morning.
You might be burnt out with your job now, but find a job you do like. Could be grass or working at Home Depot, but that is my suggestion. Make sure you have reason to wake up every morning.
50 is young, you still have a good 30-50 years left of living.
Have a solid plan and I would plan to not be truly retired.
My dad had to retire out of the Army at 51. He spent the next 10 years trying to figure out what to do. He eventually found it, however there is a decade of his life he said he wasted. He did not need to work another day in his life, but was completely lost without a reason to wake up in the morning.
You might be burnt out with your job now, but find a job you do like. Could be grass or working at Home Depot, but that is my suggestion. Make sure you have reason to wake up every morning.
50 is young, you still have a good 30-50 years left of living.
0
Posted on 9/19/22 at 9:21 am to StringedInstruments
quote:
He played golf for five years and went to the lake some. But he definitely lost purpose in his life. He hasn’t really been himself
That's me and I'm 37.
Posted on 9/19/22 at 9:21 am to Rex Feral
quote:
Retiring at 50
Will be doing the same. Work in govt. Im 40 though so I have 10more years. Will have zero debt, my son will be 16. Im counting the days
Posted on 9/19/22 at 9:23 am to Rex Feral
A man in his 40's with a newborn baby girl will never be able to retire. By the time he's retirement age, she'll be in college or ready to get married. Better save more just for that.
Posted on 9/19/22 at 9:24 am to Rex Feral
quote:
I'm 45 and aiming to hang it up in 5 years. I should have my debt paid off and the kids will be on their own. The next 10 years should be my highest earning years, but I'm burnt out. Has anyone walked away from a decent salary and retired early?
You must really hate your job
Posted on 9/19/22 at 9:24 am to Rex Feral
Yeah, I did at 58. Greatest decision of my life.
Posted on 9/19/22 at 9:24 am to oleyeller
Damn, more than a page and we haven't heard from the incel that wants to move to Thailand to get jerked off by lady Boys. Big upset.
Posted on 9/19/22 at 9:25 am to Rex Feral
You better have something to do that you enjoy. I get a little bored and I have hobbies. Health insurance will be your number one issue that will cost a lot.
Posted on 9/19/22 at 9:25 am to fallguy_1978
quote:
My wife is a couple years older than me so we are shooting for 62 & 65.
couple = 2
65 -62 = 3
Posted on 9/19/22 at 9:29 am to Tom Joad
My wife is a nurse and we have talked about her doing the travel nurse thing after our youngest graduates HS in a few years. I'd be 53 and it is very tempting to think about just selling the house and going from place to place (we'd only choose jobs where lodging is provided or paid for) until she gets tired of it.
Posted on 9/19/22 at 9:32 am to Rex Feral
Why would anyone with kids or grandkids regret retiring too early or feel they wasted years as some have said? Damn, even if kids are adult enjoy time with them, hopefully your wife, and be a good grandparent. That is life, absolutely not a waste of it. They are your purpose, frick mowing yards or working at Home Depot after retirement
Posted on 9/19/22 at 9:33 am to Rex Feral
My brother is 57 and he's retiring next year to live in his villa in Italy with the intention of never working again.
My father retired at 55 and then got jobs for strategic reasons, like a job for an airline that allowed him to fly for just the cost of the taxes anywhere in the world. When he got tired of flying all over, he left that job. He's done some other things to keep busy but not any kind of real job.
They both are completely satisfied with their decisions at this point.
My father retired at 55 and then got jobs for strategic reasons, like a job for an airline that allowed him to fly for just the cost of the taxes anywhere in the world. When he got tired of flying all over, he left that job. He's done some other things to keep busy but not any kind of real job.
They both are completely satisfied with their decisions at this point.
Posted on 9/19/22 at 9:38 am to Rex Feral
I make good money. If I knew for sure I had enough saved to make it through retirement, today would be my last day.
Posted on 9/19/22 at 9:38 am to dsides
quote:
You must really hate your job
Who doesn't?
Unless you're a surgeon saving lives, making some form of art, playing a sport, or doing something to where you're actually impacting lives, who doesn't hate work?
If you have a passion for roofing, accounting, investment banking, plumbing, etc. you have a real issue. And even if someone does have a passion for one of those things, let's say plumbing, I'd be willing to bet the passion has more to do with mechanical aptitude and problem solving than shitter pipes.
All the BS in this thread about being miserable to quit work early is crazy. Stop working. Your job is very likely not important. Stop working. Do what you want as long as it won't leave you and your family destitute.
Posted on 9/19/22 at 9:41 am to facher08
That's a critical one. Ask the 50 year old with a 5 year old if he wishes he had the kid 15 years sooner.
Posted on 9/19/22 at 9:41 am to Rex Feral
quote:
but I'm burnt out. Has anyone walked away from a decent salary and retired early?
I am jealous, if that helps. Planning to retire at 60. Only debt will be my planned retirement mortgage, which I will cover till 62, then hand that of to SS.
I think the key to retiring young is have hobbies or things to keep you busy.
Posted on 9/19/22 at 9:43 am to TBoy
quote:
My father retired at 55 and then got jobs for strategic reasons, like a job for an airline that allowed him to fly for just the cost of the taxes anywhere in the world. When he got tired of flying all over, he left that job. He's done some other things to keep busy but not any kind of real job.
Hell yea. I'm writing this one down.
Posted on 9/19/22 at 9:45 am to Rex Feral
are you retiring completely and able to cover your life long expenses?
ok then why the hell not?
are you "retiring" but going to get another small job or will have to work in a few years? no, not worth it. stick to it and make that money now.
ok then why the hell not?
are you "retiring" but going to get another small job or will have to work in a few years? no, not worth it. stick to it and make that money now.
Posted on 9/19/22 at 9:46 am to fallguy_1978
quote:
I hope to retire at 62 if I can afford private health insurance for 3 years. My wife is a couple years older than me so we are shooting for 62 & 65.
She's your sugarmomma.
Posted on 9/19/22 at 9:48 am to kywildcatfanone
quote:
She's your sugarmomma.
Not exactly. I make a lot more than she does
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