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re: Retiring with 75% pension, is it smart to wait that long?
Posted on 3/13/19 at 5:23 pm to TheCaterpillar
Posted on 3/13/19 at 5:23 pm to TheCaterpillar
I have a date set in my head (and heart) when I will retire. I will be 62 with 40 years (so as a FedGov employee I get the bumped up annuity) and will likely have 7 figures in the TSP. After that I build my house in East Texas and sell the one I have. If I need money then I work for the POA as their office manager.
1
Posted on 3/13/19 at 5:51 pm to Kujo
INSURANCE across the board cost. Don't own nothing, but every month insurance cost me more then 3k a month. 
Posted on 3/13/19 at 5:54 pm to Fat and Happy
quote:
The few people i know that have retired were in one of two categories. Either they couldn’t wait to roll out and are enjoying a great life Or were financially stupid or have several ex wives and can’t retire because they won’t have much to retire on
A third group: narcissist supervisors. They can't do without forced respect/attention.
Posted on 3/13/19 at 6:01 pm to RougeDawg
quote:
A third group: narcissist supervisors. They can't do without forced respect/attention.
In this group there are also those that actually believe they are so essential to a corporation/business that they see no way for the business to continue if they were to retire, and they are staying just to protect the other employees.
Posted on 3/13/19 at 6:38 pm to WG_Dawg
quote:
Amazing that some 60 year olds can't live on $65k/year.
I'm 37 and could live on it comfortably. I've said before that I was raised to think that we were poor. I know different now that I know what poor really is. How do people even make the monthly payments to live so far beyond their means?
Posted on 3/13/19 at 6:50 pm to Kujo
I didn’t make the rules, but I’ll take advantage of it...
90% of the average of my 3 highest year average salary, until I meet the maker... I’ll take it.
90% of the average of my 3 highest year average salary, until I meet the maker... I’ll take it.
Posted on 3/13/19 at 6:55 pm to Quidam65
quote:
I have a date set in my head (and heart) when I will retire. I will be 62
This is mine as well, I'll be at a min of 60k(today's dollars) if I don't advance further.
Posted on 3/13/19 at 7:24 pm to EA6B
My pension ( Teamsters Central States) does not allow reemployment. Especially if anywhere in the union there is someone else doing the work you want to do in a bargaining agreement.
Oh, and Central States will be broke in around 2025 so no pension after that. So much for a guaranteed pension.
Oh, and Central States will be broke in around 2025 so no pension after that. So much for a guaranteed pension.
Posted on 3/13/19 at 10:40 pm to windshieldman
I don’t love or hate my job, however, retirement does scare me. I might keep working if able. My dad thrived to retire, did so early and has had a bit of a rough road since.
Posted on 3/13/19 at 11:07 pm to Kujo
I can retire at 52 in 10 years at 50% or at 55 in 13 years at 70%. I'm already thinking about a second career because I can't imagine not working while that young. That's not to say that I don't have many hobbies, but I feel like I may need the structure or I'll get depressed.
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