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Old 02-15-2008, 09:16 AM
 
Location: Looking over your shoulder
30,348 posts, read 27,821,410 times
Reputation: 81379

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When should a person retire? At what age? 40ís 50ís 60ís 70ís or even 80ís

If they are financially ok to?
If their health is starting to fail them?
If they canít find another job?
If they just donít like to work any longer?
If they need to stay home and care for a love one?

When???
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Old 02-15-2008, 09:51 AM
 
Location: Home is where the heart is
15,400 posts, read 25,836,225 times
Reputation: 18992
Quote:
Originally Posted by AksarbeN View Post
When should a person retire? At what age? 40ís 50ís 60ís 70ís or even 80ís

If they are financially ok to?
If their health is starting to fail them?
If they canít find another job?
If they just donít like to work any longer?
If they need to stay home and care for a love one?

When???
Any of the above are good ages... and good reasons. It's up to the individual to decide which reasons mean the most to him (although it works better if people take care of the first reason before considering any others... )
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Old 02-15-2008, 10:36 AM
 
3,753 posts, read 9,611,799 times
Reputation: 7049
Have I provided for my future? Yes, go on. No, keep working
Do I really enjoy what I am doing? No go on. Yes, keep working.
Am i still healthy enough to work(and I mean serious here)? No go on. Yes, keep working.
Do I have a critical need like a relative to care for that will not leave me impoverished if I stop working to help? Yes, go on. Cant do it financially, keep working and find someway to work around it.

If you need to work to eat, keep looking and reduce your requirements. If you qualify for SS Disability, do it.
If you just hate to work, but you cannot afford to quit or would have no health insurance or protection, get over it.

Everyone is in a different place in life with different requirements and needs.
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Old 02-15-2008, 04:00 PM
 
Location: Pinal County, Arizona
25,107 posts, read 35,221,138 times
Reputation: 4899
Why even ask?

Why "should" a person retire - if they don't want to?
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Old 02-15-2008, 04:36 PM
 
Location: DC Area, for now
3,517 posts, read 12,057,804 times
Reputation: 2141
The answer to this question is when you are ready and can afford to. Simple as that. The answer is different for everybody.
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Old 02-15-2008, 08:49 PM
 
Location: Forests of Maine
30,694 posts, read 49,488,800 times
Reputation: 19136
Quote:
Originally Posted by AksarbeN View Post
When should a person retire? At what age? 40ís 50ís 60ís 70ís or even 80ís

If they are financially ok to?
If their health is starting to fail them?
If they canít find another job?
If they just donít like to work any longer?
If they need to stay home and care for a love one?

When???
I do not see why a person's health should be a determining factor in when they should retire.

I worked hard in my career-field and was very dedicated. I worked in an arduous environment that was very isolated. Many of my workmates have died from either industrial accidents, cancers from various exposures to chemicals, and strokes.

We lived very frugally and invested a lot.

I survived and prospered in that environment and after 20-years I qualified for their pension. In fact after having worked in that career-field for 20-years, I was forced to retire, as I had became simply too elderly to be considered competitive in that work environment. So they retired me when I was 42.

I have been offered other jobs since my retirement.

Why should I?

We live frugally, we have my pension, we have our investment income.

Why should I define myself by a career?

I do have a list of minor 'disabilities', but none of them are visible. And none of them stop me from doing things.
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Old 02-15-2008, 09:09 PM
 
Location: Atlanta
738 posts, read 644,785 times
Reputation: 279
When you're good and ready to do it.
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Old 02-16-2008, 12:18 AM
 
783 posts, read 2,356,722 times
Reputation: 336
i say pick the highest ---8o

You never can be ready with the every growing non socialized welfare system. Can't Americans just learn from their neighbors and allies you may ask. No because we are too big to learn from the little ones.
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Old 02-16-2008, 09:52 AM
 
Location: Tampa, FL
27,798 posts, read 26,239,955 times
Reputation: 14611
I can financially retire at 46 years of age. I don't like work anymore - the people that I work with (supervise) have worn me out. I could live in Key West, FLA for the rest of my life, content with a one-bedroom apartment and a beat up car.

I'm tempted, but if/when I get to 70, 80 yrs of age, I don't want to regret the decision.
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Old 02-16-2008, 11:06 AM
 
Location: Forests of Maine
30,694 posts, read 49,488,800 times
Reputation: 19136
Quote:
Originally Posted by BucFan View Post
I can financially retire at 46 years of age. I don't like work anymore - the people that I work with (supervise) have worn me out. I could live in Key West, FLA for the rest of my life, content with a one-bedroom apartment and a beat up car.

I'm tempted, but if/when I get to 70, 80 yrs of age, I don't want to regret the decision.
You won't.

You might find that you like sailing, or tending bar.

I thought about a sandy beach. Instead I moved out into a forest. I herd a few livestock, tend a garden, and sell produce at an Organic Farmer's Market.

You and I, can each 'retire' on our financial situations.

We can walk completely away from the corporate structure, slow down and enjoy life.

We can enjoy every day. Sleep in when we want to.

Have friends who we like, rather being surrounded with work associates whom we hate.

I can not imagine living this higher quality lifestyle and decades from now looking back and regretting it.

My gross income took a serious dip. But my pressures, my stress, are gone. I live today a much better quality of life.

You can too.

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