U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-22-2014, 07:19 PM
 
29,772 posts, read 34,856,103 times
Reputation: 11682

Advertisements

Quote:
Originally Posted by Hemlock140 View Post
I always thought that retirement was wasted on the old, we should all retire at 40 and then go back to work at 60.

I could have retired at 55 with over 30 years in with 65% of my salary until SS then adding that probably close to 75%. Things happen, though. We decided to relocate mainly due to the 3 kids and schools but also because we found an area in another state that we loved. Now I love where I am, and what I do, but will have to work to 68 in order to get a decent pension along with maximum SS. Unless things change drastically, it won't be a problem, since I like my work and workplace, and still have plenty of time for hobbies, and PTO for nice vacations.
Best of luck, hope you stay healthy beyond 68 and can kick back and enjoy it. It is a long and winding path but you are close to the end game stage.
Reply With Quote Quick reply to this message

 
Old 04-22-2014, 08:13 PM
 
Location: Miraflores
782 posts, read 893,007 times
Reputation: 1531
I retired at almost 34 ( 27 years ago), We are trying to get the YW out by 50, so we can enjoy here golden and my platinum years together.
Reply With Quote Quick reply to this message
 
Old 04-22-2014, 08:43 PM
 
29,772 posts, read 34,856,103 times
Reputation: 11682
Quote:
Originally Posted by alpineprince View Post
I retired at almost 34 ( 27 years ago), We are trying to get the YW out by 50, so we can enjoy here golden and my platinum years together.
Keep your eye on the gardener
Reply With Quote Quick reply to this message
 
Old 04-22-2014, 09:03 PM
 
48,516 posts, read 83,901,398 times
Reputation: 18049
Every individual and too many factors that can vary to really say. What is idea/good to one isn't to another.
Reply With Quote Quick reply to this message
 
Old 04-22-2014, 09:13 PM
 
29,772 posts, read 34,856,103 times
Reputation: 11682
Quote:
Originally Posted by texdav View Post
Every individual and too many factors that can vary to really say. What is idea/good to one isn't to another.
You think he has more than just the gardener to worry about?
Reply With Quote Quick reply to this message
 
Old 04-22-2014, 10:29 PM
 
Location: Wyoming
9,416 posts, read 17,385,532 times
Reputation: 14073
Quote:
Originally Posted by Hemlock140 View Post
I always thought that retirement was wasted on the old, we should all retire at 40 and then go back to work at 60....
Pretty much what I did. I "retired" at 35 because of some odd circumstances that I won't go into now. But I had a very good run from 25-35 and almost had enough to retire on, although I hadn't planned to retire until 50. Now, due to a divorce, the early death of my second wife, some investments that went south and just some bad decisions, I'm back to work at 68 and will have to keep this up for at least a couple more years.

I never invested specifically for retirement because all my money was going into my business, then was just banked or invested in real estate, which I *thought* was going to be my income property for retirement. I'm one of those idiots that nobody feels sorry for.

But I did have a nice retirement while it lasted.
Reply With Quote Quick reply to this message
 
Old 04-23-2014, 02:58 AM
 
Location: London
4,360 posts, read 3,650,290 times
Reputation: 1985
If you do not like your job retire ASAP. If you like what you do, then keep going.
Reply With Quote Quick reply to this message
 
Old 04-23-2014, 03:48 AM
 
Location: Central Massachusetts
4,800 posts, read 4,844,519 times
Reputation: 6377
Quote:
Originally Posted by TuborgP View Post
You are reaching key trigger points for you and the wife. As they kick in each one makes your retirement more secure. By age 66, you will be fairly set with a few more to look forward to.

Well in my job I cannot stay beyond 60. So there are a few things that I will need to consider. 1st is do I find a full time or part time job. Only we can answer that but I also know this next retention board is critical to me. It is not a devastating change if it happens. At 58 I will be able to collect about 66% of my salary until 60 where it will hit 100%+ until age 62. Age 62 is another key point in our life as this is the point my wife expects she will stop working. That also will trigger the sale of my primary home and the purchase of a new one that will be smaller. Things could change but... we are flexible so we can make it no matter what happens.
Reply With Quote Quick reply to this message
 
Old 04-23-2014, 06:00 AM
 
29,772 posts, read 34,856,103 times
Reputation: 11682
Quote:
Originally Posted by golfingduo View Post
Well in my job I cannot stay beyond 60. So there are a few things that I will need to consider. 1st is do I find a full time or part time job. Only we can answer that but I also know this next retention board is critical to me. It is not a devastating change if it happens. At 58 I will be able to collect about 66% of my salary until 60 where it will hit 100%+ until age 62. Age 62 is another key point in our life as this is the point my wife expects she will stop working. That also will trigger the sale of my primary home and the purchase of a new one that will be smaller. Things could change but... we are flexible so we can make it no matter what happens.
Yup and as you reach each trigger point things become more secure. Best of luck as you move forward.
MTFBWY.
Reply With Quote Quick reply to this message
 
Old 04-23-2014, 09:03 AM
 
Location: Miraflores
782 posts, read 893,007 times
Reputation: 1531
Quote:
Originally Posted by TuborgP View Post
Keep your eye on the gardener
No gardener here, as we live in an apartment and the YW has a "Brazilian wax"!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top