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Old Yesterday, 12:15 PM
 
11 posts, read 1,681 times
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In a bit over a year I will be 62 and can claim early SS if necessary. I have a small pension where I work, and savings. But it is scary, because I know once I make the leap there is no going back. I can't get the same kind of job with pay, I would not fund the pension and I would not have tax differed savings through the pension. Were you scared to retire?
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Old Yesterday, 12:29 PM
 
250 posts, read 123,047 times
Reputation: 576
Yes, but I was 65, not 62. I had wanted to make it to FRA age, but just couldn't. As a teacher, that would have meant another year's commitment if I wanted to do right by my students. I did make it to Medicare, though, which I think is important.

I was never scared about what I would do, only the money. How much is enough? I have SS, a pension that is half my salary, and almost $500k in retirement savings.

I went for it. Since I'm still getting paid my regular salary over the summer and my pension, I have no idea whether I will make it or not.

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Old Yesterday, 12:32 PM
 
1,389 posts, read 672,430 times
Reputation: 4377
Quote:
Originally Posted by wendellgee View Post
In a bit over a year I will be 62 and can claim early SS if necessary. I have a small pension where I work, and savings. But it is scary, because I know once I make the leap there is no going back. I can't get the same kind of job with pay, I would not fund the pension and I would not have tax differed savings through the pension. Were you scared to retire?
Sounds like you are not ready to retire. Have you thought it through. What about health ins?
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Old Yesterday, 12:36 PM
 
Location: Central NY
4,715 posts, read 3,282,145 times
Reputation: 12146
No, I was not scared. But I was fed up with the poop I've dealt with over the years. It was a relief to leave it and I knew I had enough gumption to come out OK. No, not well off, but kept my sanity.
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Old Yesterday, 12:52 PM
 
Location: Western Colorado
11,125 posts, read 12,536,476 times
Reputation: 26318
Scared? I sang Zippidie Doo Dah while dancing to my car.
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Old Yesterday, 01:02 PM
 
Location: Copenhagen, Denmark
10,555 posts, read 8,820,180 times
Reputation: 12262
I retired at 74. I thought I was ready. I wasn't scared. I should have been. I liked my work. Everything associated with 40-some years of work (if you don't include the service), vanished the minute I walked out of my "farewell" party.

Farewell!
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Old Yesterday, 01:30 PM
 
671 posts, read 329,304 times
Reputation: 2045
Yes. I retired early at 58 and was unsure if I had enough money. My house was paid off. It turned out that I did have enough to retire comfortably and take vacations because my expenses were low and I was debt free.
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Old Yesterday, 01:36 PM
 
Location: SoCal
13,552 posts, read 6,457,101 times
Reputation: 10136
In short, no.
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Old Yesterday, 01:38 PM
 
Location: Pennsylvania
16,426 posts, read 10,403,662 times
Reputation: 28771
Quote:
Originally Posted by NYgal1542 View Post
No, I was not scared. But I was fed up with the poop I've dealt with over the years. It was a relief to leave it and I knew I had enough gumption to come out OK. No, not well off, but kept my sanity.

exactly
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Old Yesterday, 01:45 PM
 
585 posts, read 114,181 times
Reputation: 1180
Quote:
Originally Posted by SouthernSusana View Post

I was never scared about what I would do, only the money.
I'm the opposite. Not worried about money, but not looking forward to the prospects of not having a job to go to, not being busy or challenged and to a certain extent missing out in the informal socialization with coworkers. Money? I could lower my standards. Hobbies? None that would occupy 8 hours a day.
I suppose I could be a unpaid professional City-Data Forum poster at retirement time.

Maybe I'll get a retirement job as a male escort.
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