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Old 10-26-2011, 06:28 PM
 
Location: Mtns of Waynesville,NC & Nokomis, FL
4,241 posts, read 8,083,836 times
Reputation: 5299

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Bailed at 52, in May 2000...company was bought, new CEO couldn't spell the biz I had been in for nearly 3 decades nor did he want to meet our big customers. I was VP and never even got an 'interview' by the new knuckleheads; I didn't want the position, but a courtesy view would have been professionally reasonable, imo. I hung around for a year after with the new co/CEO/regime and then pulled the ripcord. My wife and I had both worked hard/smart with two very good incomes, and had saved liked squirrels.

It was a no brainer, as I was 'done'. I have not regretted it, and the past 11 yrs have been wonderful and contented, but we don't sit in the rockers.

As for SS, as I had not worked in a decade, and took it at 62, that reduced ~$1800 a month I get pays for the CCs. Our port, self-directed, is substantial and does well. 2 homes, debt free, and we enjoy every day.
GL, mD

Last edited by motordavid; 10-26-2011 at 07:34 PM..
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Old 10-26-2011, 09:09 PM
 
29,782 posts, read 34,871,258 times
Reputation: 11705
Retired almost 4 years ago at a few months before our 60th birthdays.
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Old 10-26-2011, 09:29 PM
 
Location: Nebraska
1,141 posts, read 1,004,793 times
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I quit my job about a month before I turned 60. I told my employer that the day before Thanksgivng was my last day that April. I was eligible for my full pension through my first job. I will start SS in January.
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Old 10-26-2011, 09:34 PM
 
Location: Washington County, ME
1,549 posts, read 2,390,108 times
Reputation: 1873
I retired at age 48, on an early disability pension (very small).

I also get Social Security Disability. Yes, i can live on it - it's tough, but it's worth it to not have to try to work, when i could barely walk anymore.

I was 'lucky' that my house and car were already paid off, so the normally 'large' bills are gone.

I would TOTALLY rather live on meager amounts of money, have less material things, and live a simpler life than to be working into older age.
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Old 10-27-2011, 07:58 AM
 
5,426 posts, read 3,449,470 times
Reputation: 13709
I retired at age 62 rather unexpectedly. Upon turning 62, I had an overwhelming desire to quit my job at a large law firm in Washington DC. I had worked at a large law firm in another city for 18 years previous to the 6 years in Washington DC. And 10 years previous to that I did similar work in other workplaces.

I'm living on social security. I do dip into my savings a bit when needed, but I'm basically living almost solely on social security.
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Old 10-27-2011, 08:28 AM
 
Location: Los Angeles area
14,018 posts, read 17,737,509 times
Reputation: 32304
Default Reflections on this thread so far

I note with some suprise how few people thus far have posted that they retired in their mid-sixties or later. When I retired at age 61 I felt very fortunate, and even a bit guilty, to be able to retire so young. Going back 20 or more years, a lot of people considered 65 to be the "normal" retirement age, probably because 65 was the Social Security full retirement age for that generation.

Of course I realize that many of the "early" retirements posters have described here were not voluntary (job loss, disability, etc.). And of course our little sampling here is far from scientific, but still I'm wondering where the people are who retired at 65, 66, or later.
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Old 10-27-2011, 08:33 AM
 
Location: Center City
6,855 posts, read 7,802,585 times
Reputation: 9473
I retired last year at 55. I enjoyed my job and wasn't running away from something but rather toward something. For the last 5 years or so, we knew we wanted to leave Houston. Several things made early retirement possible: a good pension, company-supported health coverage for my partner and me, and a lifetime of disciplined investing (I always paid myself first starting with my very first job out of college). Not to be under-estimated is the simple luck of the draw in that neither of us endured any significant financial or health catastrophes during our working years. When my company offered a lucrative severance package to anyone interested last year, it became a "no brainer" to take the money and run. Retirement for me was less about ending a paid career but about starting a new life. I am still sorting out what that entails, and having fun doing so. To date, I have a regular volunteer role, as giving back is important to me, and have been freed-up to better attend to the needs of aging parents.
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Old 10-27-2011, 08:38 AM
 
Location: SW MO
23,605 posts, read 31,487,261 times
Reputation: 29071
Quote:
Originally Posted by Escort Rider View Post
I note with some suprise how few people thus far have posted that they retired in their mid-sixties or later. When I retired at age 61 I felt very fortunate, and even a bit guilty, to be able to retire so young. Going back 20 or more years, a lot of people considered 65 to be the "normal" retirement age, probably because 65 was the Social Security full retirement age for that generation.

Of course I realize that many of the "early" retirements posters have described here were not voluntary (job loss, disability, etc.). And of course our little sampling here is far from scientific, but still I'm wondering where the people are who retired at 65, 66, or later.
Maybe they can't remember when they rertired or, according to one poster awhile ago, they likely asasumed room temperature at 68!
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Old 10-27-2011, 08:44 AM
 
Location: Verde Valley AZ
8,618 posts, read 9,682,513 times
Reputation: 10965
Quote:
Originally Posted by captnemo View Post
what age did you retire at and what made you retire at thaat age. cam you live on soccial security

I haven't fully retired because, no, I can't live on what I get from SS. I hadn't planned on working till I drop dead but neither did I 'plan' to be divorced either! However, since I am divorced...for over 14 years now...I DO have to work at least part time. I started collecting SS when I turned 62, lost my job and had a hard time finding another one. Panicsville! So, I will continue to work, I love my job, but will always envy the folks who CAN fully retire and live their lives the way they want to. I really dislike having to follow someone else's schedule for ME but that's the way it goes. My part time job allows me to dump quite a bit into savings every month so that makes me feel better about 'having' to work. It also allowed me to sell my 24 year old car and get a MUCH newer one. I'm not unhappy with my life and am, truly, quite content so I don't complain.
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Old 10-27-2011, 08:45 AM
 
10,139 posts, read 23,292,103 times
Reputation: 8290
Quote:
Originally Posted by Escort Rider View Post
I note with some suprise how few people thus far have posted that they retired in their mid-sixties or later. When I retired at age 61 I felt very fortunate, and even a bit guilty, to be able to retire so young. Going back 20 or more years, a lot of people considered 65 to be the "normal" retirement age, probably because 65 was the Social Security full retirement age for that generation.

Of course I realize that many of the "early" retirements posters have described here were not voluntary (job loss, disability, etc.). And of course our little sampling here is far from scientific, but still I'm wondering where the people are who retired at 65, 66, or later.
I keep putting it off because I like what I do. Now, I'm thinking of working to 75. I don't like to travel anymore now that the government and the airlines have made air travel like a trip to the dentist's office or the proctologist. So why not work.
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