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Old 09-12-2017, 07:43 AM
 
Location: South Carolina
13,825 posts, read 18,811,674 times
Reputation: 24505

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my dad retired at 66 came down with cancer at 67 and by 72 he was gone and never drew the first ss check . said he was waiting . sad but true . Mom was breeding and selling high dollar german shepherds right up until a week before she died . She never woke up one morning she was 82.
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Old 09-12-2017, 10:37 AM
 
Location: VT; previously MD & NJ
2,208 posts, read 1,352,704 times
Reputation: 6349
When your parents retired has nothing to do with when you will retire. The world was much different during their lifetimes than it is now. You need to save and invest as much as you can during your working years. And pay attention to your career (not just look for the next job) so you can get good benefits (like health insurance and a 401k) and increase your income over time. Also, the more you earn, the better your Social Security payments will be in retirement. How much you can accumulate in savings and investments will determine when you will have enough to retire.
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Old 09-12-2017, 10:55 AM
 
Location: Dover, DE
1,803 posts, read 3,838,565 times
Reputation: 2499
My Dad retired at his FRA of 65. My Mom was 6.5 years younger than him so she worked another 3+ years until the day she reached 62, which was her last day. She was tired of working while he didn't! I retired at 62.5 due to loss of job and unemployment running out. DH is waiting until a couple months after he turns 66. We have things we want to do before we get too old.
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Old 09-12-2017, 02:36 PM
 
3,196 posts, read 1,817,939 times
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Father retired from Ford with 30 year union work at age 52, died of cancer at 57.

Mother still works all day at family business 5-6 days a week, at 77

There is very little possibility for me to retire without being a burden on family or society, too many investment/business reversals, so it looks like I'm in for the long haul. Que Sera.
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Old 09-12-2017, 03:07 PM
 
Location: in the miseries
3,302 posts, read 3,583,277 times
Reputation: 3810
Quote:
Originally Posted by cruitr View Post
When I was biking around Mission Bay, I literally ran into a guy carrying a couple of bags of cans and bottles. I was really curious how much he made picking up cans and bottles. He said $100 a week was his average. He retired early and just needed to make a couple of hundred bucks a month to make ends meet.

Then I asked him where he lived? He said he owned a home in an area of San Diego. He lives in a very upscale area of San Diego. I'm not sure I could own a multi-million dollar home and dig thru trash cans. Maybe he likes working in the sun. Maybe he likes looking at young girls in skimpy bikinis. Maybe he needs a financial adviser.
He just needed something to do ☺️
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Old 09-12-2017, 06:02 PM
 
12,825 posts, read 20,157,976 times
Reputation: 10910
Retirement from corporate jobs:
Dad: 75
Mom: 73

Retirement from all paid work (e.g. consulting)
Dad: 77 - Acute sudden meningitis - died a few months later - a complete fluke and without this, probably would still be alive ... and consulting? .... today
Mom: 75
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Old 09-13-2017, 08:27 AM
 
365 posts, read 126,428 times
Reputation: 1440
I was surprised to see this thread. It makes utterly no sense to me as to when my parents retired. Mom wasn't a working parent and Dad was forced out and then died prematurely. Does this mean anything regarding my own situation?
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Old 09-13-2017, 09:23 AM
 
1,898 posts, read 849,314 times
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Dad 66
Mom part time jobs last one around 60
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Old 09-13-2017, 12:15 PM
 
506 posts, read 261,751 times
Reputation: 816
Dad; Retired at 62. Worked for the same company for 45 years. Started working there when he was 15. A couple of years later he needed more money to gamble with so he started working for a janitorial service cleaning local banks.


Mom; Quit working when she was around 65 or so. Never really had a lot of full time work, she "raised" kids. Had a bunch of jobs between 55-65 however.
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Old 09-13-2017, 01:37 PM
 
12,825 posts, read 20,157,976 times
Reputation: 10910
Quote:
Originally Posted by smt1111 View Post
I was surprised to see this thread. It makes utterly no sense to me as to when my parents retired. Mom wasn't a working parent and Dad was forced out and then died prematurely. Does this mean anything regarding my own situation?
It is interesting to me. I am now seeing where so many early retirement notions got hatched.

Early retirement is great if you can make the numbers work. If not, then it's gambling. Big time gambling.
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