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Old 01-20-2018, 04:03 AM
 
11 posts, read 5,510 times
Reputation: 34

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Hello everybody!

New to posting on this great board and look forward to thoughts as I am very close to pulling the plug on the corporate world. I would think I am not alone with the mixed feelings one gets as the retirement day nears. Still working, have not announced retirement, layoff is not a concern nor is medical coverage until 65 a concern. Financially ready (well, as ready as one can be). Just over the corporate world where I have seen the same old movie too many times. Iím tired of just going through the motions without the personal or professional satisfaction of years gone by and yes, the Sunday afternoon work thoughts creep in. Current retirement plan is to kick back for a few months to figure out what the next chapter in life looks like. I will engage in somethingÖjust not sure right now. At 62, if I do not pull the plug now, plan is to go through the motions for the rest of the year to avoid SS reduction based on income.

So the question to the wise people on the board: Right now, Iím 90% ready to start the next chapter in life but there is that nagging thought of why walk away when you donít have to, but want to? Brutally honest replies such as are you crazy for walking away OR take the plunge, youíll love it, or anything in between very welcome!
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Old 01-20-2018, 04:17 AM
 
13,319 posts, read 25,561,639 times
Reputation: 20505
Why stay if you don't have to? I have to wait another seven days and I'll be out, three months short of 65.
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Old 01-20-2018, 04:38 AM
 
Location: Colorado Springs
4,840 posts, read 4,954,521 times
Reputation: 17308
If you have the financial resources and you have medical insurance prior to Medicare covered, go for it!

Your most valuable resource is the time you have left before becoming seriously disabled.

One thing I've learned from reading C-D is that most people get burned out on their careers way before age 65. They "go through the motions" in their corporate jobs because they see no better alternative.
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Old 01-20-2018, 04:40 AM
 
6,884 posts, read 7,281,254 times
Reputation: 9786
You're not crazy for walking away.....you're crazy for staying and NOT retiring. No, just kidding, sort of.

Life is short. If you're confident of your finances -- and that they can survive a few likely worst cast scenarios (to your satisfaction), then heck yeah, retire.

After that, take time to decompress and decide want you want to do -- if anything.
Some people want to work until they drop. Fine for them, I guess. I know people who've been retired for years -- and aren't even thinking about working ever again.
If you don't want to work any more, or at least want a break from the grind, then make your move and look forward to reveling in your new freedom. (If you have a peace about it, within you.)

Although, it's not my definition of retired, you can always work part-time, IF you want to or have to. Did I say 'life is short?"
As I heard someone say once ....."sometimes you just know when it's time."
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Old 01-20-2018, 05:28 AM
 
Location: Pennsylvania
16,355 posts, read 10,340,678 times
Reputation: 28511
yea, I was nervous. But I was also nervous when I left for college. And when I started changing jobs for better pay/location/whatever. And when I left for a trip to Europe. and when I turned 30 (gasp! 30! ME! imagine that)

You'll get over it and wonder why you didn't retire sooner.
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Old 01-20-2018, 06:17 AM
 
Location: Floyd Co, VA
3,415 posts, read 5,135,608 times
Reputation: 7231
I took early retirement with a good pension (minus reduction) at 55. That was 13 years ago and I have never, not for one second, regretted it.

Moved, found wonderful volunteer opportunities, etc.

Go for it if $$$ and health insurance are good.
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Old 01-20-2018, 08:25 AM
 
4,481 posts, read 4,743,078 times
Reputation: 9940
If you do a search, above, you will find a tremendous amount of threads about this very topic.
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Old 01-20-2018, 08:34 AM
Status: "The days are getting shorter" (set 19 days ago)
 
Location: Willamette Valley, Oregon
3,968 posts, read 1,114,406 times
Reputation: 5613
I retired at 57 from a government job. I loved working and had a very rewarding career, but the last couple years of it were not that much fun. It seemed to get very political, and I just wanted to raise fish, work with volunteers and young people, and help educate people that came to my hatchery.

It is very important to have a plan for retirement. I have at least one thing I want to accomplish every day. OTOH-if it doesn't get done that day I don't beat myself up about it. I'm retired!
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Old 01-20-2018, 08:46 AM
 
6,253 posts, read 4,731,924 times
Reputation: 12844
Quote:
Originally Posted by GeorgeHanson View Post
.....Current retirement plan is to kick back for a few months to figure out what the next chapter in life looks like. I will engage in somethingÖjust not sure right now. .....
We all do things differently and maybe your plan will work for you. I would suggest you give more thought to what you want to do in retirement and then plan accordingly. What are your interests, your passions and what do you want to learn and to accomplish with the rest of your life.
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Old 01-20-2018, 08:51 AM
 
Location: Columbia SC
8,966 posts, read 7,741,639 times
Reputation: 12169
Wife and I retired at age 62 and it was the best decision we ever made. It did help that we had health insurance to cover us until age 65 when Medicare kicked in. It really becomes more an economic question meaning can one comfortably afford to do so. If yes, then I say go for it. Enjoy the rest of your life.
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