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He came to this country with a few bucks in his pocket & made something for himself. He retired & couldn't adjust to retirement. Gained 20+ lbs and was bored as heck. After a few years of being sedentary, he went back to work to keep himself occupied & will retire when he hit 67 yrs old.
My uncle, a recently retired University dean wants to retire in NYC. He stated he may pick up a part-time teaching gig at a local community college just to keep active.
Anyone retire to NYC from another state/city?
He's coming from Maryland.
(retire from U of M)
If your uncle wants to move here after retirement, he needs another form of income, such as SS, pension, savings, etc. Teaching part-time at a community college pays peanuts and the COL is extremely high in NYC. Perhaps if your uncle has a PhD, he might make a little more money.
After searching for years for any kind of teaching job, I just turned down a position as an adjunct at a local college because they wanted to pay me a paltry $2,000 for the whole semester. After calculating the amount of work I that would be putting in, it came out to $3-4 an hour. I guess that's the new way employers are trying to get around paying the minimum wage, by calling it a "salary." I told them no thanks and that I make a lot more than that waiting tables and tutoring.
If your uncle wants to move here after retirement, he needs another form of income, such as SS, pension, savings, etc. Teaching part-time at a community college pays peanuts and the COL is extremely high in NYC. Perhaps if your uncle has a PhD, he might make a little more money.
After searching for years for any kind of teaching job, I just turned down a position as an adjunct at a local college because they wanted to pay me a paltry $2,000 for the whole semester. After calculating the amount of work I that would be putting in, it came out to $3-4 an hour. I guess that's the new way employers are trying to get around paying the minimum wage, by calling it a "salary." I told them no thanks and that I make a lot more than that waiting tables and tutoring.
Don't assume everyone's financial situation is like yours.
You might want to read the REST of the posts, specifically this one here.
Also, I am sure I said he'll teach just to keep active.
Based on reading your posts, I don't think comparing your situation to my uncles is remotely close. Apples and oranges.
I'm sorry about YOUR situation. It's safe me for me to say your financial situation is VASTLY different from my uncles. We can count on it.
Last edited by Rocco Barbosa; 09-23-2013 at 03:54 PM..
WOW.......they haven internet in Heaven/Hell? Good to know, either way.
Yep, in Heaven it's optional but in Hell you must stay on it 24 hours a day for all eternity. I must be in Purgatory because I get to escape the keyboard once in a while.
But take it from one who has seen both sides of the coin: New York City is a LOT better a town to retire in than to work in. If your time is all your own you can have a VERY nice life here.
And remember the nitty gritty of inevitable aging in a place where you can have wonderful cuisine at your door 24/7, where there's a doctor or 6 on every block, with the best hospitals in the United States if taken in total.
Theater, museums, Central Park, nice weather, public transportation where even a wheel-chair bound person can be hoisted into a bus on his corner.
You cannot get all that in Reading, PA, or Sommerville, NJ or in one of those desperately dreary retirement communities in Ocean County, or Boca Raton.
Last edited by Kefir King; 09-23-2013 at 04:09 PM..
It's not unheard of to retire at that age. Retirement isn't always about not working again. A lot of times it's just having a job that brings less stress and responsibility or doing something you really enjoy but makes a lot less. i.e. working on a golf course.
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excellent post.
Rocco: does you uncle need the money?
My parents takes some free classes at the community center & library for various subjects..... Foreign languages, crafts, history, etc etc....Quite a handful came from a variety of background from high paying corporate world or education like your uncle. They get paid peanuts to teach but I would assume its rewarding to give back to the community.
I noticed people here love to bring up nyc high cost of living in every other thread here.. Once you are retired & have a simplified life...its not bad at all.
My parents takes some free classes at the community center & library for various subjects..... Foreign languages, crafts, history, etc etc....Quite a handful came from a variety of background from high paying corporate world or education like your uncle. They get paid peanuts to teach but I would assume its rewarding to give back to the community.
I noticed people here love to bring up nyc high cost of living in every other thread here.. Once you are retired & have a simplified life...its not bad at all.
No, he doesn't need it. But he doesn't want to "sit around" either.
They(he and my aunt) have plenty. They've are very smart and have had a lot of success in business.
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I told them no thanks and that I make a lot more than that waiting tables and tutoring.
