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Old 10-07-2017, 09:01 AM
 
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No one can retire in their thirties unless they have a trust fund/inheritance, win the lottery or invent something and cash in.
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Old 10-07-2017, 09:06 AM
 
Location: Forests of Maine
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Quote:
Originally Posted by jasperhobbs View Post
No one can retire in their thirties unless they have a trust fund/inheritance, win the lottery or invent something and cash in.
Career military.

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Old 10-07-2017, 09:20 AM
 
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Originally Posted by Submariner View Post
Career military.

That is true.
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Old 10-07-2017, 09:27 AM
 
Location: Central IL
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Originally Posted by Submariner View Post
Career military.

"Retire" or RETIRE? What proportion of career military just get another job...usually with another pension attached?
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Old 10-07-2017, 10:46 AM
 
Location: Central Massachusetts
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Originally Posted by reneeh63 View Post
"Retire" or RETIRE? What proportion of career military just get another job...usually with another pension attached?


I will take a guess that about 50% or more that retired military (those that remain in 20 years or more) will take that experience on to either a federal gig or a contract gig with a defense contractor. But this is such a small fraction of the population. 2% of us join the military and less than half of those remain in for a 20 year stint.
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Old 10-07-2017, 11:04 AM
 
Location: Forests of Maine
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Originally Posted by reneeh63 View Post
"Retire" or RETIRE? What proportion of career military just get another job...usually with another pension attached?
In my observation, everyone who completes 20+ years will carry some assortment of disabilities. What we do after we retire is largely dependent on our disabilities [and what those disabilities allow us to do].

If a person is reasonably able they may select to pursue a second/follow-on career.

I knew that my disabilities would likely worsen with time.

In the first year after I retired, I recognized our mailman. He and I had served on a boat together. After he retired he went to work for the USPS. He was only able to work for the USPS for 5 years before he succumbed to his disabilities.
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Old 10-07-2017, 11:12 AM
 
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Here's another attempt at a summary. For many of us, childhood and teenage years were rigidly determined - if not by our parents, then by ourselves. Study intently, earn good grades, proceed to the next level. One steps through the hierarchy of formal education (high school, college, grad school) and then obtains a remunerative career-oriented job in an office. "Career" means several things. It means an intellectual challenge, the making of archival contributions, the garnering of a professional reputation; leaving a mark... and getting pecuniarily rewarded for it. But then, after a while, one feels plateaued and enervated. It's not challenging anymore. It's not fun anymore. One feels played out, flat, hollow. Granted, this probably ought not to happen at MMM's age-of-retirement, at 30 or so. But it can certainly happen at 45 or 50. Then what? Then one makes a radical break.

This radical break need not mean cessation of labor in exchange for pay. It could be a second career, where perhaps one actually works for longer hours per week, in more strenuous conditions, than in one's former employment. But it is indeed "retirement", in the sense of a clean break of an erstwhile rigid pattern. One retires not from the workforce, but from the implacable rigidity that was inculcated in one, started at age 10.
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Old 10-07-2017, 11:49 AM
 
Location: NYC
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Originally Posted by jasperhobbs View Post
No one can retire in their thirties unless they have a trust fund/inheritance, win the lottery or invent something and cash in.
Also a lucky investor - like winning a lottery, a really smart businessperson/entrepreneur or a successful investment banker. Thing is most driven people aren't disposed to retire, they just keep on working on something else after success. There are very young people who have "channels" on Youtube now that are millionaires.
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Old 10-07-2017, 12:21 PM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
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Quote:
Originally Posted by jasperhobbs View Post
No one can retire in their thirties unless they have a trust fund/inheritance, win the lottery or invent something and cash in.
I know 3 people that retired in their 30s investing in rental properties. All were single people with average jobs
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Old 10-07-2017, 12:25 PM
 
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real estate can be a job . that is what many do for a living whether as owners or brokers or in property mgmt . . real estate is one of those things that if you do it on your own it can be a sideline or a profession depending how much time you put in .
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