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No, not bad at all, for sure. It caused me to pause and think; I have been retired for almost 12 years now, which is a bit more than one-third of my 34-year career. Amazing - I had never thought of it that way until this moment. It just doesn't seem possible.
yeah it hits you at a point. We are approaching the 25 percent plus point or if I bothered to calculate just reached.
My late Dad worked from when he was old enough, was in the Navy and later got a job with a union and pension. He retired at age 57. He had friends working to 35 years for a larger pension and then dying a few years later and decided he was going after 30 years.
It tickled him that he was retired longer than he worked, which happened six years ago. After his death last year, we went through all his organized files and found his pension was really not that large, but lifelong health insurance as his secondary that picked up all costs was the real goldmine.
My brother is the executor of their estate and he received a letter from Dad's employer stating they would no longer be providing this insurance for retirees after July because of costs in the billions. Our Mom is in a CCCR and is still covered by that insurance and we'll need to get a supplementary plan now, something our parents never had to think about or pay for.
Their retirement was a long happy one, but longevity and being retired for more years than worked was never the goal.
I hit 30 years of work a couple years ago. I'm still no where near the oldest person at my work place.
I hear you on that. My Dad was one of the few who went out at thirty, everyone else was going for maximum pension. More years in with a larger pension sounds best, but those were factory jobs and the actuaries had the numbers and the odds were not in the factory worker's favor.
Taking pensions and 401ks out, the biggest difference is the lifestyles of then and now. While my parents took vacations, they had simple lives. No need for anything above a nice house and a nice car. They had no need to work forever.
I worked from age 18 to age 60. That's 42 years. So I'd have to live until 102 to for my retirement to equal years worked. Probably not gonna happen.
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