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Old 02-10-2016, 07:59 AM
 
Location: East of Seattle since 1992, originally from SF Bay Area
29,761 posts, read 54,390,602 times
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Where I worked in the 1980s people were retiring at 55 with 25-30 years in. While it may not be as common now, I do have a brother that just retired last year at age 52. Of course, he's now working again (at a retail job) to help pay for his kid's college. I'm still working at 63 and plan to keep at it as long as I enjoy the work, up to age 70. Each additional year adds to the pension and I get plenty of free time with 5 weeks vacation and 10 paid holidays.
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Old 02-10-2016, 08:07 AM
 
Location: Colorado Springs
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Most people I know who retired before 65 were pushed out the door at corporations.

They were either laid off or given an offer they could not refuse.
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Old 02-10-2016, 08:12 AM
 
6,306 posts, read 5,046,206 times
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Quote:
Originally Posted by Serious Conversation View Post
Sitting around isn't my style, but there are posts on this board and on some of the other C-D boards about people basically retiring in their 50s and ending up like a knot on a log.
Sometimes situations get in the way.

I thought I would never get bored, but at this time in my "young" life I feel "trapped". My mom is 92 and gets sick every now and then. I can't go anywhere. My other half has been diagnosed with cancer, I can't go anywhere.

Sounds selfish - I know. But that is life right now.

Thank goodness I don't have kids to worry about - I would really be a pickle in the sandwich generation!

Now I think you almost have to be selfish to go out and enjoy yourself - lol. Just kidding people.
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Old 02-10-2016, 08:12 AM
 
Location: Arizona
5,939 posts, read 5,295,505 times
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Quote:
Originally Posted by Escort Rider View Post
I see nothing wrong with retiring in one's 50's provided one is finanically prepared to do so and therefore doesn't end up on the public dole. But the idea seems odd to me - sort of like a practice from another planet. I would be hard-pressed to name someone I know personally who retired in his or her 50's and I know hundreds of people.
So none of them worked for large corporations? No GE, GM, USX, or any of the others?
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Old 02-10-2016, 08:12 AM
 
Location: North Beach, MD on the Chesapeake
33,876 posts, read 42,085,992 times
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I thought only government employees retired in their 50s after 30 years.




I think retiring then may have a lot to do with your job and your financials. Thinking back to the 70s, 80s and 90s, I knew very few people who retired at 62, let alone earlier. Most stayed until 65 or longer. These were mostly blue collar workers. Some teachers, as well as some government employees I know, retired in their 50s.


So "it's been 50 years since retiring at 65 has been the norm" isn't really accurate. Especially since prior to the 1950s there really was no "retirement age", people worked until they died or couldn't any longer.
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Old 02-10-2016, 08:14 AM
 
6,306 posts, read 5,046,206 times
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Quote:
Originally Posted by thinkalot View Post
So none of them worked for large corporations? No GE, GM, USX, or any of the others?
my sister and brother retired from SBC before it became ATT - good retirement with benefits. She was mad when she hit Medicare age and had to sign up. Her insurance was 11 bucks a month before! They were in early 50s but started there right out of high school - back in the stone age.
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Old 02-10-2016, 08:16 AM
 
Location: Fuquay Varina
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I'm in my fifties almost but I can't say that "I'm Retired Now"!
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Old 02-10-2016, 08:16 AM
 
Location: Tennessee
23,554 posts, read 17,535,380 times
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Quote:
Originally Posted by Clemencia53 View Post
Sometimes situations get in the way.

I thought I would never get bored, but at this time in my "young" life I feel "trapped". My mom is 92 and gets sick every now and then. I can't go anywhere. My other half has been diagnosed with cancer, I can't go anywhere.

Sounds selfish - I know. But that is life right now.

Thank goodness I don't have kids to worry about - I would really be a pickle in the sandwich generation!

Now I think you almost have to be selfish to go out and enjoy yourself - lol. Just kidding people.
True, and your case is fairly exceptional, especially dealing with the spouse with cancer while mom is old and ill. Obviously in cases like this, you can't just go out do things the way someone without commitment does.
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Old 02-10-2016, 08:17 AM
 
4,477 posts, read 4,738,767 times
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Is "Just Converation" brother of "Serious Conversation"?
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Old 02-10-2016, 08:19 AM
 
Location: Fuquay Varina
4,553 posts, read 6,639,734 times
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Quote:
Originally Posted by brava4 View Post
Is "Just Converation" brother of "Serious Conversation"?


They certainly do post on the same threads often enough. (one of them has multiple accounts)
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