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Old 07-29-2011, 03:38 PM
 
3 posts, read 2,214 times
Reputation: 10

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I am doing a project for college and am looking for input from retired citizens.

Are you newly retired or have you been for over 10 years?

What is your life like compared to how it was before?

What challenges do you face?

What are the benefits?

If you could change anything, would you?

Would you still retire at the same point if you could go back and do it again?

What advice do you have for younger generations about retirement?

Thanks for your help!
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Old 07-29-2011, 04:47 PM
 
Location: Maryland
1,534 posts, read 3,779,985 times
Reputation: 2307
[quote=StudentStudy;20236057]I am doing a project for college and am looking for input from retired citizens.

Are you newly retired or have you been for over 10 years?

Closing in on my fifth year of retirement.

What is your life like compared to how it was before?

Much more fun and interesting.

What challenges do you face?

None of particular importance at the moment or on the horizon.

What are the benefits?

The greatest benefit is free time to do mostly as I may choose.

If you could change anything, would you?

Yes, I'd retire earlier.

Would you still retire at the same point if you could go back and do it again?

See above answer.

What advice do you have for younger generations about retirement?

Its a complex topic but my short response would be:

Manage your life (as best one can) to live below your income and save/invest for your future. Recognize that life will throw you some curve balls and its wise to be prudently conservative in your economic affairs.

Absent genuine impoverishment, the best things in life really don't cost much. Unencumbered time is worth far more than money so long as the economic basics are covered.

Good health is infinitely more valuable than piles of gold.
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Old 07-29-2011, 05:00 PM
 
Location: Florida
2,291 posts, read 4,943,236 times
Reputation: 5236
I am doing a project for college and am looking for input from retired citizens.

Are you newly retired or have you been for over 10 years?

Newly, 4 months

What is your life like compared to how it was before?

Somewhat boring, having to adjust.

What challenges do you face?

What to do with my time.

What are the benefits?

Don't have to get up early or rush around everywhere.

If you could change anything, would you?

No, waited until I was 64, for me, retiring any earlier would not have been a good decision.


Yes, see above.

What advice do you have for younger generations about retirement?

Plan ahead, manage your money, invest in IRA's and 401K's. Maintain a healthy lifestyle. Health in retirement is a very important issue.
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Old 07-29-2011, 05:14 PM
 
5,822 posts, read 13,308,406 times
Reputation: 9289
Are you newly retired or have you been for over 10 years?
Been retired for three years from civilian job; 20 years from serving 20 years in Navy.
What is your life like compared to how it was before?
Busy all the time and relaxed; lots of hobbies, friends and no stress.
What challenges do you face?
Staying healthy.
What are the benefits?
Plenty of time to spend with grandchildren and be part of their memories; able to provide some financial assistance when needed to family; travel, still physically able to do most things we enjoy.
If you could change anything, would you?
No regrets. We planned well financially and are able to live a good life.
Would you still retire at the same point if you could go back and do it again?
Yes, we retired at 62
What advice do you have for younger generations about retirement?
Go to college and if possible higher, find a career you will enjoy, not just tolerate; if you marry make sure that person is your best friend; live a healthy lifestyle; find time to volunteer and give back; always thank a veteran; Work hard and save and invest for your future and most of all remember, you never know what tomorrow may bring...everyday is a gift.
Good luck with your project!
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Old 07-29-2011, 09:33 PM
 
Location: Midwest transplant
2,013 posts, read 4,991,778 times
Reputation: 1570
Are you newly retired or have you been for over 10 years?
Just retired in June from teaching 33 years.
What is your life like compared to how it was before?
Always had summers off, but spent the summer taking courses/classes or preparing for the next year.

What challenges do you face?
Not sure yet.

What are the benefits?
No stress

If you could change anything, would you?
Probably not

Would you still retire at the same point if you could go back and do it again?
Might have retired earlier

What advice do you have for younger generations about retirement?
Plan and prepare for retirement. Save and invest, however small, any money you are able to invest. Live below your means, don't burn bridges, do your best every day. Balance is important, in the end no one will remember how much time you devoted to your job.
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Old 07-30-2011, 06:41 AM
 
Location: Forests of Maine
30,669 posts, read 49,416,421 times
Reputation: 19119
#1 -Are you newly retired or have you been for over 10 years?

I retired in 2001, ten years ago.



#2 - What is your life like compared to how it was before?

Less stress.

I was working rotating shift-work, never had enough sleep, a lot of stress on the job. I always had a hard time being able to plan for vacations or holidays, as my career nearly always interfered.



#3 -What challenges do you face?

I am now more synchronized with the seasons. Each spring I have spring projects, each summer I have summer projects, ...



#4 -What are the benefits?

I get to choose what I do now. Fish, hunt, hike, ski, ...



#5 -If you could change anything, would you?

Minor things really, nothing worth listing.



#6 -Would you still retire at the same point if you could go back and do it again?

Yes.



#7 -What advice do you have for younger generations about retirement?

Plan ahead for it.
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Old 07-30-2011, 07:04 AM
 
Location: SW MO
23,605 posts, read 31,463,318 times
Reputation: 29071
Are you newly retired or have you been for over 10 years?

Retired almost three years ago at age 62.

What is your life like compared to how it was before?

Ever so much better than before in terms of stress level and how I spend my time.

What challenges do you face?

The usual ones of aging. Some aches, pains and a bit of slowing down.

What are the benefits?

Too many to list but chief among them is that your time is your own to spend as you choose provided you have made ample preparation financially.

If you could change anything, would you?

I would have started sooner, planned better and retired earlier.

Would you still retire at the same point if you could go back and do it again?

Certainly no later than.

What advice do you have for younger generations about retirement?

Know that you're not invulnerable and are not going to live forever. The earlier you start saving and investing the better off you'll be. In the meantime, work in a field you enjoy. Money isn't everything and no amount of it will mitigate a lousy job or uncomfortable working conditions.
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Old 07-30-2011, 08:09 AM
 
1,769 posts, read 2,440,325 times
Reputation: 5159
Quote:
Originally Posted by StudentStudy View Post
I am doing a project for college and am looking for input from retired citizens.

Are you newly retired or have you been for over 10 years?
3 yrs from 2nd job (stripper - not kidding)
14 yrs from 1st job (cop-administrator-parking director)

What is your life like compared to how it was before?
very boring now but much better life style due to finances

What challenges do you face?
wrinkles and aches

What are the benefits?
I can do what I want when I want, wear what I want, be a recluse and read and drink and play music loudly anytime

If you could change anything, would you?
about my retirement or my earlier life??? big difference

Would you still retire at the same point if you could go back and do it again?
no, I would have been the stripper first, and made tons of cash and never had to work for a university - then i would have retired the first time for good, when i was only 30 yrs old

What advice do you have for younger generations about retirement?
get as much education as possible, get out of the USA, buy gold

Thanks for your help!
good luck on the project
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Old 07-30-2011, 06:28 PM
 
Location: Florida
4,355 posts, read 3,689,532 times
Reputation: 4074
Quote:
Originally Posted by StudentStudy View Post
I am doing a project for college and am looking for input from retired citizens.

Are you newly retired or have you been for over 10 years?

What is your life like compared to how it was before?

What challenges do you face?

What are the benefits?

If you could change anything, would you?

Would you still retire at the same point if you could go back and do it again?

What advice do you have for younger generations about retirement?

Thanks for your help!
Try posting here Talk of The Villages - The Villages, Florida It covers a retirement community of about 70,000.
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Old 07-30-2011, 06:35 PM
 
Location: Florida
4,355 posts, read 3,689,532 times
Reputation: 4074
Try this podcast on itunes - Retirement Talk for Boomers, Seniors, and Retirees. This link might help: http://www.retirementtalk.org/rtrss.xml. The person doing these is a retied school teacher and has been discussing retirement for years. I think he would like to talk to you and listen to your views and tell you his. Look over his podcast as they might touch on some of your questions.
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