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I was thinking it might be easier to define "working," versus unwind the potential intricacies associated with "retirement."
However, there are an equal number of variables there. One could still "work" in their yard, at a hobby or at any other endeavor, yet still be fully retired, and vice-versa.
Perhaps a litmus test between 'retired' and 'semi-retired' is whether one is obligated to work for as wage, without which they would be unable to maintain their chosen lifestyle or healthcare level.
I think that's a good description. I don't need the money I make working part-time to survive, but I like having the extra money coming in since the opportunity is there for the taking. I took my health benefits with me when I retired, so I don't need them from the part-time work.
In my opinion, no. Even if you don't rely on that part time income to survive, you're still earning pay for work. And by the dictionary definition, you're certainly not retired under such a circumstance as you have not withdrawn from your business/profession (I argue that whatever you're doing now if your new business/profession).
my personal yardstick for being retired is if i would do the things i do, for free as a volunteer then the fact they pay me , is just a bonus.. out of the 3 things i receive compensation for when i do them , there is not one i would not do for free as a volunteer .
Last edited by mathjak107; 11-30-2018 at 03:43 AM..
my personal yardstick for being retired is if i would do the things i do, for free as a volunteer then the fact they pay me , is just a bonus.. out of the 3 things i receive compensation for when i do them , there is not one i would not do for free as a volunteer .
Good point. There is a big difference from wanting to work part-time in retirement and having to work part-time in retirement to make ends meet. If I were to work part-time in retirement, it would have to be something I really love or forget it.
Exacly . i love drumming , i love photography ,( no we don't do weddings ) and i enjoy teaching a day a week what i used to do for a career to newbees .
i certainly consider myself retired . but these are all things i would do as a volunteer and at times have done them .
we do a lot of photo shoots at all kinds of different places and attractions and donate our pictures .
my wife and i just did a photo shoot for the thunderbird tribal dancers and donate all pictures and file rights to them .
Retired at 46. Plan on collecting my SS as early as I can, which now looks like 62. Am retired and consider myself as such.
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