- Local time
- 3:58 PM
- Joined
- Jan 23, 2009
- Messages
- 6,464
- Reaction score
- 5,300
- Location
- New Jersey The State of Tax Theives
March 17 2022, I will be 65, First thing i will call work 3 months in advance and say bye! period!
Retirement
- Thread starter HawkRod
- Start date
I'm 54. I'll be 55 in June, hence I am retiring as soon as I can and still meet my company's early retirement rules. Most importantly, I'll be able to purchase healthcare as a retiree (much cheaper than paying for it outright)
Wife getting majority: Ouch! So far, all good with mine - I'll just have to stay on her good side!
Hope the chemicals aren't a problem. Health is precious, so take care of it as best as you can!
I'll be 55 in April.
Congratulations on your retirement. Helping your parents & in laws is important. They raised a good son! I hope to cross the finish line soon too. It's kind of scarry.
Congratulations Hawk! I've got about 2 1/2 years to go myself. Can't wait.
I work with a couple of those douche bags. Say they’re going a dozen times then back out. So when the time comes,, no one GAF
- Local time
- 12:58 PM
- Joined
- Apr 13, 2012
- Messages
- 35,542
- Reaction score
- 125,199
- Location
- Granite Bay CA
I have let it be known that I am closing in on my 30 year mark.
My thinking is that this might discourage others from giving me ****....Thinking a short timer might just quit if I get pissed off.
I am only a few weeks or a few months from the 30 year mark depending on which statement I look at. I have plenty to do here if I hang up the tool belt but the fly in the ointment is self-motivation.....I have a tendency to put things off when time is wide open. I've had time off between jobs and I'm not as driven to work on the cars and the house if I know that I have more time.
Ski 61701
Well-Known Member
- Local time
- 2:58 PM
- Joined
- Nov 21, 2016
- Messages
- 882
- Reaction score
- 696
- Location
- Bloomington Illinois
I just pulled the plug on this past Xmas eve. I wanted to do one more year, but things change and I adapted. Luckily I saved when I was working and I do have a pension. Its getting used to getting paid once a month now. Money wise, (not knowing how much you will draw after you retire ) try and save up prior to popping smoke. Inevitably you'll get bills you might not think about, insurance premiums , property taxes, vehicle registration ...things like that. I've seen a few of my former colleagues who skimped by while working get hit with a suprise or two. This is a time of your life to enjoy the fruits of your labour.
Im keeping busy, but I still want to work just part time.. So for what its worth I'm looking at being a TSA screener on a part time basis. 20 hrs a week, the health insurance benefits are very good in comparison to what I have . Bonus is I work for 5 yrs, resign, retire, quit ...I can still buy my bcbs ppo insurance through TSA at reduced rate. In essence by the time I'm 65 (I just turned 50) I will save about 300,000 in health insurance premiums alone . Just something to think about, or if anyone has other insights please share, I'm sure there are others that are in the same boat...looking for ideas.
Im keeping busy, but I still want to work just part time.. So for what its worth I'm looking at being a TSA screener on a part time basis. 20 hrs a week, the health insurance benefits are very good in comparison to what I have . Bonus is I work for 5 yrs, resign, retire, quit ...I can still buy my bcbs ppo insurance through TSA at reduced rate. In essence by the time I'm 65 (I just turned 50) I will save about 300,000 in health insurance premiums alone . Just something to think about, or if anyone has other insights please share, I'm sure there are others that are in the same boat...looking for ideas.
66 Sat
Well-Known Member
When I was 30 I thought I'd be able to retire at 40. Then I had kids and now I'll be retiring at 60 at least.
Enjoy your time and do whatever floats your boat. If you want to stay busy then stay busy, if you want to relax then relax. There are no rules and that's the beauty of it.
Enjoy your time and do whatever floats your boat. If you want to stay busy then stay busy, if you want to relax then relax. There are no rules and that's the beauty of it.
Congrats hsorman! As stated pull the trigger and don’t look back! Enjoy and have fun and relax, you’ve earned it! So many that I have know stay way too long, retire and then things happen. Drive the heck out of that car! You’ll probably travel the other way, but if you get turned around and head to Maine, I’ll buy!
I’ve got a couple more years to do then I’m done for sure!
I’ve got a couple more years to do then I’m done for sure!
I retired at 51 from the military. Lasted 4 months, then I started working for my BIL. Worked with him for 3 years then started working in the aerospace industry. We were given notice this past summer that we will be closing due to streamlining in December. Now I am looking at my next big step...do I find another job, or retire for real this time. I am collecting one pension now, army pension kicks in in december, va disability determination, and 2 401k's.
Thank you! I try to be a good son/ in-law, but don't make me out to be a martyr. I am retiring for me and things I want to do. Helping family both feels right and is a nice change of pace. Hopefully it is a win-win situation....
Sounds like those guys have no plan - you have to understand your financial picture and costs before you retire.
I hear you. I actually work and focus best with a deadline. That's why I rip my car apart just prior to going on a cross country trip! It motivates me to get the damn thing back together!
Health insurance was one of my biggest concerns. My company allows someone who retires at 55 to buy health insurance as a retiree. That's a huge advantage since buying it on the open market is extremely expensive. I like the idea of having a way to get decent health insurance through working part time - makes sense.
Plans are not yet set, and we have been talking about if we should head up to the North East. We often head up to the White Mountains to hike, so maybe we should head up there for a quick tour. If we do get up there, I'd be glad to try and get together!
The financial picture is important. A quick rule of thumb is to have saved 25 times the amount you need/want to spend per year, minus any pension.
For example, if you want to use $50,000 per year, and you will get a $2,000 per month pension: This means your pension will give you $24,000 per year, meaning you need $26,000 from savings. The quick rule of thumb states you should then have 25 times $26,000, or about $650,000 saved.
- Local time
- 3:58 PM
- Joined
- May 14, 2011
- Messages
- 17,226
- Reaction score
- 32,392
- Location
- On the Ridge, TN
First off, congrats Hawk!
I don't have much to offer in the way of advice (I'm 58), since I lost everything in the way
of retirement savings once all hell broke loose in health stuff, so I figure I'll be working until I drop.
Given my personality, that's probably for the best anyways....
My dad took early retirement years ago when the USPS offered it to a lot of top level folks.
At age 55 (he started working when he was 14 when his own dad died and left the family without
income), he took it and deserved it. He had plenty of pension available (his widow, evil stepmother
as I refer to her) still benefits a couple grand a month years after he's passed...
Anyways, he takes early out and moves to the farm he bought and commences working in it.
He then accepts consultant work for his former employer and contracts by the hour and made a
boatload of cash in that couple years, winds up needing tax shelters for it and buys a couple old
restaurants in town to show losses on for tax purposes....
then gets pretty worn out and sells it all.
After that, he didn't do much of anything - he said he officially retired for good then.
His health went to pot quickly after that and he was convinced that stopping working was why.
His last words to me on his last day was "don't you EVER stop!"
Yeah, not much chance of that, Pop. I can't.
so, longwinded story aside, that's my only advice - slow down, sure. Enjoy life, you bet. Stop to
smell some dang flowers if you like - but don't you ever stop.
I don't have much to offer in the way of advice (I'm 58), since I lost everything in the way
of retirement savings once all hell broke loose in health stuff, so I figure I'll be working until I drop.
Given my personality, that's probably for the best anyways....
My dad took early retirement years ago when the USPS offered it to a lot of top level folks.
At age 55 (he started working when he was 14 when his own dad died and left the family without
income), he took it and deserved it. He had plenty of pension available (his widow, evil stepmother
as I refer to her) still benefits a couple grand a month years after he's passed...
Anyways, he takes early out and moves to the farm he bought and commences working in it.
He then accepts consultant work for his former employer and contracts by the hour and made a
boatload of cash in that couple years, winds up needing tax shelters for it and buys a couple old
restaurants in town to show losses on for tax purposes....
then gets pretty worn out and sells it all.
After that, he didn't do much of anything - he said he officially retired for good then.
His health went to pot quickly after that and he was convinced that stopping working was why.
His last words to me on his last day was "don't you EVER stop!"
Yeah, not much chance of that, Pop. I can't.
so, longwinded story aside, that's my only advice - slow down, sure. Enjoy life, you bet. Stop to
smell some dang flowers if you like - but don't you ever stop.
Hemirunner
Well-Known Member
I’m 51 and I don’t think retirement is in my future ever. Too many hobbies and we like to be on the go. I’ll be working until the end in some way, shape or form.
Great for you Hawk! The saying about keeping busy or dying is likely true for most people. If a man didn’t have hobbies and interests (like you surely do), then we will be dying shortly. They used to say that a military man had a life expectancy of 4 years after they retired at their young age. While I don’t know how true that was, I do know that a man needs a purpose and he needs to feel needed to be healthy.
I’m 63 and could have retired years ago. My wife isn’t ready yet, as she just recently started earning decent money (she’s only 59). I’ve decided to jump off at the end of next year. I raised my hourly rate last year, this year and will do so again next year, to discourage clients from hiring me. Well, it hasn’t worked as I am getting more cases than ever and making a lot more money too. But with free healthcare (thanks to Uncle Sam) and free space A flying worldwide, I can hear the world calling to me. I’ll start by myself if the wife isn’t ready at that point.
I’m 63 and could have retired years ago. My wife isn’t ready yet, as she just recently started earning decent money (she’s only 59). I’ve decided to jump off at the end of next year. I raised my hourly rate last year, this year and will do so again next year, to discourage clients from hiring me. Well, it hasn’t worked as I am getting more cases than ever and making a lot more money too. But with free healthcare (thanks to Uncle Sam) and free space A flying worldwide, I can hear the world calling to me. I’ll start by myself if the wife isn’t ready at that point.
I retired in Sept. 2016, wife retired 2 months before me. Luckily, we are both in good health and both had decent jobs. Walking out the door on last day I "turned out the lights" on a very enjoyable career. Never looked back. Just cant imagine having to go to work every day, or that I had ever did for so many years. Retirement is good thing. Besides, now I can drive my 66 Charger as often as I like, and I do drive it often.
Man I am 33 and will be working for a minimum of 30 more years or so for sure. You are all making me jealous but I don't wanna wish my life away because I know it will go fast. I am settling down as we speak and plan on kids in the next few years. I wish you @hsorman a great retirement man and enjoy that bird when you have the chance. I don't mind working though and I do alot of camping and getting outside so life isn't that bad. I have a good job locally in aerospace/aircraft industries which is booming at the moment, so all in all I am pretty lucky.
Similar threads
