Don't retire?

[donas]

I retired earlier this year at 45, best decision I've ever made! Plenty of time to start something new and retire again....if I want to. Right now, I'm enjoying living on my own schedule and doing what I want everyday

[subtona]

still working, just past 32 years for same company.

most consistent advice i receive is "don't retire for financial reasons."

retirement is the great equalizer, be sure you are ready to be the "retired guy/gal."

it may be fun for a few months but there is a moment when you realize you are not quite as relevant as you once were, no longer a cog in the wheel.

retirement is not for everyone and can take some getting used to, many i have spoken to wind up going back to work at something that is not as rewarding/satisfying as what they left behind.

ideally, cutting hours if possible is often a happy medium to complete retirement, both fulfilling that sense of purpose and affording more time to spend on holiday and hobbies before the wheels fall off the bus.

[gmh1013]

I retired at 49.... I love being to do what i want when i want and nobody telling me otherwise. My last job was IBM server sales which was extreme high pressure.....I dont miss that. Since about 55 my health has got so bad I would have had to "retire" anyway.
Diabetes, MS, failed back surgeries etc....a new week another doctor now is my "work"

[Tony64]

Originally Posted by subtona

still working, just past 32 years for same company.

most consistent advice i receive is "don't retire for financial reasons."

retirement is the great equalizer, be sure you are ready to be the "retired guy/gal."

it may be fun for a few months but there is a moment when you realize you are not quite as relevant as you once were, no longer a cog in the wheel.

retirement is not for everyone and can take some getting used to, many i have spoken to wind up going back to work at something that is not as rewarding/satisfying as what they left behind.

ideally, cutting hours if possible is often a happy medium to complete retirement, both fulfilling that sense of purpose and affording more time to spend on holiday and hobbies before the wheels fall off the bus.

^^^ I think this is the answer I was looking for. Perfect response, thanks.

[brandrea]

Originally Posted by beshannon

Everyone's situation is different.

You also need to define what the term "retirement" means to you.

I'm with you Brian

If I could retire tomorrow I could easily become involved in so many things I have no time for now because of work.

Retirement to me isn't sitting on a beach, it's about have time to do more of the things I choose to do with my life

Edit: first thing I'd do is shed the smart phone

[geebob]

My father was 75 when he passed away. Three months before he passed, he was still working. He’s a partner in a law firm and also taught in a university.

As for myself, I want to retire as late as possible.

[cruise_bone]

Originally Posted by Tony64

Don't retire. And if you must, retire much later than age 65.

Agree/Disagree?

https://www.google.com/amp/s/amp.bus...-retire-2017-7

Something to consider...

Completely depends on what you do for a living. If you are lucky enough to LOVE what you do for a living then it really isn't work, so why would you want to stop.
If you have a job that is not your passion (like most of the world) you want out as soon as practicable. Exponentially so if high stress is involved.

[Wesley Crusher]

I think Carlos Slim proposed an idea of working 3-4 12 hour days and pushing out the retirement age. I wouldn’t mind doing something like that.

[mtrunner]

Originally Posted by subtona

still working, just past 32 years for same company.

most consistent advice i receive is "don't retire for financial reasons."

retirement is the great equalizer, be sure you are ready to be the "retired guy/gal."

it may be fun for a few months but there is a moment when you realize you are not quite as relevant as you once were, no longer a cog in the wheel.

retirement is not for everyone and can take some getting used to, many i have spoken to wind up going back to work at something that is not as rewarding/satisfying as what they left behind.

ideally, cutting hours if possible is often a happy medium to complete retirement, both fulfilling that sense of purpose and affording more time to spend on holiday and hobbies before the wheels fall off the bus.

Great response and truly amazing that you were at the same company for 32 years. I have been working for the same cancer research institute for 15.5 years which is a rarity among st my colleagues.

I hope to always work but definitely cut back on the hours when I get to that point.

[Vishy26]

Originally Posted by gmh1013

I retired at 49.... I love being to do what i want when i want and nobody telling me otherwise. My last job was IBM server sales which was extreme high pressure.....I dont miss that. Since about 55 my health has got so bad I would have had to "retire" anyway.
Diabetes, MS, failed back surgeries etc....a new week another doctor now is my "work"

I am sorry Greg. Wishing you the best.

[JasoninDenver]

I just retired from my high stress and high income job earlier this year (at 50).

I hated every second of my job for 20 years but it gave me the freedom to be my own boss and reach some important financial goals. My wife finally convinced me to give it up and trust that we would still be okay financially. Fortunately, she also has a successful career and we really do not have much in the way of money worries and I am now free to experiment with a new business idea I have been mulling over for the last few years.

I have found that I am more relaxed for certain. My youngest daughter even thanked me for quitting my job a few weeks ago.

[superdog]

I wish I could retire.

I’d fill my days easy.

I do ok, but not nearly so well that I can even think about retirement. At 43, I might be able to retire at 50 if I greatly curtailed my lifestyle. I’m not sure I’m willing to do that.

I like what I do usually. The last few months have been a challenge. I’d like to explore some other things I’m working on.

[encarter13]

Originally Posted by Tony64

I believe this to be true. Sad. But nonetheless true.

Honesty isn't always pretty.

But here's a question for you Fleetlord. What if you're the boss and not an employee? Curious if the same sentiments would apply.

I am the boss and the sentiments do apply. If someone showed up with a check to buy me out, I would retire tomorrow. Until that day, I will just continue working and saving. Once I hit my goal, I will close my business and sell off all the assets.

[subtona]

Originally Posted by mtrunner

Great response and truly amazing that you were at the same company for 32 years. I have been working for the same cancer research institute for 15.5 years which is a rarity among st my colleagues.

I hope to always work but definitely cut back on the hours when I get to that point.

Thanks Gary

Originally Posted by superdog

I wish I could retire.

I’d fill my days easy.

I do ok, but not nearly so well that I can even think about retirement. At 43, I might be able to retire at 50 if I greatly curtailed my lifestyle. I’m not sure I’m willing to do that.

I like what I do usually. The last few months have been a challenge. I’d like to explore some other things I’m working on.

Some food for thought, I have 4 close friends and myself who all turned 50 a few years ago. We all thought that would be the magic age ... the crazy thing is we are each and every one of us working harder and longer hours than we ever had before.

A few reasons come to mind.

1)we know we are at the point that it is our choice to continue.

2)we have reached a position we have control over the work and choices and stresses.

3)at 50 the money is no longer spoken for before it is earned, its starting to accumulate and the plan for retirement and quality of same is being directly impacted by these earning years.

[Magwitch]

Employer pasturized a group of us in Sept. I am 68 with no intent to work again. I have hobbies and family with grandkids to be with. I am not wealthy, have simple needs, and am happy NOT working. I don't miss the hassle and grind. The last 6 years were especially tough with a nanomanager boss who was a colossal PIA.

[drefrank]

Different for everyone. But I found the old adage that says you’ll know when the time is right to be absolutely true.

[Laszlo]

Retirement seems very boring to me. Even if stable financially. I'd like to work pretty much until the day I pass away. Even if it's a little café or antique shop. They say it's best to keep the mind busy. I'm scared if I retire my mind will get lazy and that'll lead into health issues and an earlier departure. Just my thoughts I suppose.