Retiring
Feb 4, 2015 06:36:44 #
i'm 76, in 2002 I retired, I was pretty active until 2009. since then, I sit on my butt a lot and do things as I feel like it. I use a scooter a lot. the idea of working of being bored never crosses my mind.
Feb 4, 2015 06:37:45 #
richosob
Loc: Lambertville, MI
DirtFarmer wrote:
I retired 10 years ago. Rather than sit on my butt... (show quote)
This probably sounds a little weird but I can't think of a better way to stay busy than to work the farm. Being outside most of the day doing what farmers do just sounds so appealing. Unfortunately I can't do much of anything because I'm disabled. Instead of watching TV and having my IQ drop to my shoe size I do a lot of reading. I never picked up a book until I retired but I do enjoy it. Maybe that might be an option for you during the winter. At any rate I'm glad you found something you enjoy and I'm sure there are many new tractors in your future.
Rich
Feb 4, 2015 06:55:53 #
I retired at 75. Kept working because I had something to do AND the salary combined with SS and a pension from a previous employer allowed me to do a lot (with some GAS)that I could not have done had I retired at 65 or earlier.
Feb 4, 2015 07:05:01 #
When my husband mentioned one day that I could retire any time I wanted to (he is our bookkeeper) I gave my two week notice the next day. I worked at the same place for 36 years. That has been 10 years ago and I have never looked back. As mentioned you need something to keep busy. Planning is essential. I was 55 when I retired.
Feb 4, 2015 07:49:36 #
Anyone else out there tried this and how is it working out for you?[/quote]
I waited until I was 64. The only reason I retired then was that the bank I worked for was purchased by a bigger bank and I figured now was the time. I never regretted the decision and enjoy every day, which is a weekend to me. Good luck. The thing you don't want to do look back and say "I wish I had".
I waited until I was 64. The only reason I retired then was that the bank I worked for was purchased by a bigger bank and I figured now was the time. I never regretted the decision and enjoy every day, which is a weekend to me. Good luck. The thing you don't want to do look back and say "I wish I had".
Feb 4, 2015 07:57:58 #
Feb 4, 2015 07:59:12 #
jim quist wrote:
Im seriously considering retiring in July, I will ... (show quote)
I was in a very similar situation when I retired. I took a P/T job working in the Pro Shop of a local golf course and developed a keen interest in photography. I do not regret any of it despite the reduced income, but it reduced stress which more than made up for the less money.
Feb 4, 2015 07:59:23 #
fritzbaker wrote:
Take the payout now, you don't know how long you will last!
:thumbup: :thumbup: :thumbup: :thumbup:
Feb 4, 2015 08:02:28 #
erickter
Loc: Dallas,TX
Indi wrote:
If you can do it, as you outlined above, then by a... (show quote)
It can take 18 to 20 years to make up the dolar difference by waiting till age 66, versus taking SS immediately at age 62 + 1 month....at least in many cases, including mine. Do the math first, which means a cost analpysis between present SS cash flows at 62 for 4 years, but at 75%, vs slightly more at 66. The $ gain is tremendous by taking it at 62 in most times, and remains so for about 20 years. Waiting can be a myth. Math done right doesn't lie. BTW, the person who helped me determine this fact was the SS office.
Feb 4, 2015 08:05:26 #
I did almost the same, ret USAF in 92 then from dept of justice in 2012 now relaxing, decided not to work, widower and just enjoying life, enjoy
Feb 4, 2015 08:11:06 #
jim quist wrote:
Im seriously considering retiring in July, I will ... (show quote)
I retired @ 62 & wish I could have done it sooner! But remember you have to have some type of hobby to keep you busy weather it be photography,reading,digital art.Just do something that you really enjoy to keep your mind & your body active!
Feb 4, 2015 08:20:09 #
jim quist wrote:
Im seriously considering retiring in July, I will ... (show quote)
This sounds like bragging to me. No debt? A wife still working?
I love being retired. Two things that hold people back from retiring are the twin fears of not enough money and too much free time. Maintain a good supply of credit cards, and the first problem is solved. As for having too much time, I don't have enough. I'm trying to find a way to make a forty-eight hour day.
Retirement is great. Retire as soon as you're eligible, and a whole new world will open up to you.
Feb 4, 2015 08:23:14 #
erickter wrote:
It can take 18 to 20 years to make up the dolar di... (show quote)
I've seen several articles lately about that, and retiring later can earn you more per month, but you're still losing several years of income. I know a friend who worked the maximum number of years to get his maximum retirement. I was retired for years before he retired. I was sleeping late and traveling while he was getting up early and going to work. A few dollars more each month are not that important to me.
Feb 4, 2015 08:33:54 #
jerryc41 wrote:
I've seen several articles lately about that, and retiring later can earn you more per month, but you're still losing several years of income. I know a friend who worked the maximum number of years to get his maximum retirement. I was retired for years before he retired. I was sleeping late and traveling while he was getting up early and going to work. A few dollars more each month are not that important to me.
:thumbup: :thumbup: :thumbup: :thumbup:
Feb 4, 2015 09:06:48 #
jim quist wrote:
Im seriously considering retiring in July, I will ... (show quote)
I had the chance to retire at 60, I took it and never looked back. The wife still works part-time at her old job. Never lack for anything to do either. I got an offer for part-time work with a ciy parks department nearby, so now I'm their Head Gardener & Naturalist. If there ever comes a day I don't want to go to work, I just have to call, not a problem.
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