At what age do you plan to retire/have already retired?

[Pimpadeaux 2,406]

What says you? Probably never for me.

[Engorgeous George 2,331]

Retired last April at 64.  No mortgage, no debt, 3.5 million in savings.  I have my doubts whether it will be enough.  It will last if we have good health.  If one or both end up in asssisted care it may not last.

[Maximum Overkill 1,988]

I retired a couple years ago from the Military, but not really. I'm still a partner in a few things and am still working with DOD. 

I'll never retire, retirement is boring. 

[Hardcore troubadour 15,427]

Retired at 42. Worked a few full time jobs, some part time. I come and go. 

[cyclone24 1,913]

Be 50 in June I guess I technically retired at 41. Probably wait until our kindergartener graduates high school and get a place on Anna Maria Island is the goal. 

[Maximum Overkill 1,988]

Just now, cyclone24 said:

Be 50 in June I guess I technically retired at 41. Probably wait until our kindergartener graduates high school and get a place on Anna Maria Island is the goal. 

Holy Shizz. You're 50 and have one in kindergarten? Did you start late? 

[cyclone24 1,913]

1 minute ago, Maximum Overkill said:

Holy Shizz. You're 50 and have one in kindergarten? Did you start late? 

Ya. Married twice before. One was my fault, one was her fault. Didn’t have kids with either one. Happens.

[Pimpadeaux 2,406]

4 minutes ago, Hardcore troubadour said:

Retired at 42. Worked a few full time jobs, some part time. I come and go. 

I assume you get a police pension and perhaps something for your military service.

 

[IGotWorms 4,058]

Probably looking at somewhere between 59 and 65

[cyclone24 1,913]

6 minutes ago, Maximum Overkill said:

I retired a couple years ago from the Military, but not really. I'm still a partner in a few things and am still working with DOD. 

I'll never retire, retirement is boring. 

Yeah that’s what’s crazy. I’m sure it’s hard though you are busy your entire life and then all of a sudden you’ve got nothing to do. Also feels like kind of the last big thing you do before you end up dying

[Hardcore troubadour 15,427]

3 minutes ago, Pimpadeaux said:

I assume you get a police pension and perhaps something for your military service.

 

Just police. But it’s PHAT. 

[Hardcore troubadour 15,427]

6 minutes ago, Maximum Overkill said:

Holy Shizz. You're 50 and have one in kindergarten? Did you start late? 

50? Pffft. Young gun. 

[IGotWorms 4,058]

8 minutes ago, Engorgeous George said:

Retired last April at 64.  No mortgage, no debt, 3.5 million in savings.  I have my doubts whether it will be enough.  It will last if we have good health.  If one or both end up in asssisted care it may not last.

3.5 is pretty good.

Assisted living is expensive but typically you’re not there for more than a couple years. If you keep on living eventually you’re so old you won’t even know you’re in a Medicaid facility.

[Maximum Overkill 1,988]

5 minutes ago, Hardcore troubadour said:

Just police. But it’s PHAT. 

Nicely done! 

[BeachGuy23 642]

Couple years ago it was early to mid-60's, now after the market going bonkers and getting some amazing bonuses these last few years I'm thinking 2 - 4 more  years.

I dig my gig though so I'll consult or do something part time so I keep the old brain sharp.

 

[jonmx 2,429]

I will retire at 62.   Decent 401K, decent pension and social security.  Hopefully botcoin gives me a nice stash of fun money. 

[BeachGuy23 642]

4 minutes ago, jonmx said:

I will retire at 62.   Decent 401K, decent pension and social security.  Hopefully botcoin gives me a nice stash of fun money. 

Speaking of going bonkers lately.  

[Hardcore troubadour 15,427]

I was single my twenty years on the job. I was maxing out my 457 k most of those years.  But I have young kids so that money isn’t mine anymore.  I don’t even think about it. But I do sometimes think of the things I would have done with it. Lol. 

[BeachGuy23 642]

Just now, Hardcore troubadour said:

I was single my twenty years on the job. I was maxing out my 457 k most of those years.  But I have young kids so that money isn’t mine anymore.  I don’t even think about it. But I do sometimes think of the things I would have done with it. Lol. 

How young boyo?

[Hardcore troubadour 15,427]

Just now, BeachGuy23 said:

How young boyo?

5th and first grade. 

[Pimpadeaux 2,406]

Y'all justifiably joke about me selling life insurance, which I do in addition to disability and long-term care. By I'm also registered and do market stuff as well - mutual funds, IRAs, variable annuities, variable universal life, etc.

With trails, renewals and all that stuff rolled in and going on forever, most agents work well into their 70s because they have that as a base and don't have to constantly prospect for new clients. There's a 100-year-old dude who still works out of the home office.

It's hard to walk away from a client base that has been decades in the making, I suppose. I spend 80 percent of my time just working with existing clients.

 

[BeachGuy23 642]

Just now, Hardcore troubadour said:

5th and first grade. 

Great ages.

Enjoy boyo!

[Pimpadeaux 2,406]

13 minutes ago, Hardcore troubadour said:

Just police. But it’s PHAT. 

Well-earned, too. 

[Maximum Overkill 1,988]

4 minutes ago, Pimpadeaux said:

Y'all justifiably joke about me selling life insurance, which I do in addition to disability and long-term care. By I'm also registered and do market stuff as well - mutual funds, IRAs, variable annuities, variable universal life, etc.

Nothing wrong with that at all. The best part is that you don't age out, you can do that forever if you choose. 

[Pimpadeaux 2,406]

5 minutes ago, Maximum Overkill said:

Nothing wrong with that at all. The best part is that you don't age out, you can do that forever if you choose. 

I spent the last few years of my newspaper career working 70 hours a week for a $62,000 salary and hoarding responsibility in hopes of making myself look more essential to the company, having to look over my back shoulder all the time for the swinging layoff ax. Then I got laid off and replaced with someone with 20 years less experience, and they paid her like $30,000. Now, the newsroom that had 45 people in when I was there has like six.

So it was a blessing. When a couple of people recommended that I talk to this company, I was like, "Life insurance? Fock that, but I'll go listen to them."

But it's a great company with a long history, and it's servant leadership. The first three years were brutal. The washout rate is like 90 percent. But I went into it with the mindset of not having a backup plan and realized I could prospect and phone my way out of a slump.

I make well over six figures and work 20-25 hours a week, have unlimited vacation/sick days and no boss, so I feel semiretired.

The only time I get pesky with someone is if it's like a dad with a stay-at-home wife and kids. I tell him he's a azzhole if he doesn't have term insurance to take care of them.

 

[jerryskids 6,794]

Retired in 2021 at 54 because my throat cancer was supposed to kill me.  2.5 years later I'm still doing well, knock on wood... but because of the bleak diagnosis, SSDI approved me right away, and I make a pretty nice monthly income from it.  Wife is still working; she enjoys her job (and enjoys biotching about it).  Plus we get Mayo health coverage, which has been... quite useful!  Someday she'll maybe get tired of doing it full-time -- she is pretty Salesforce knowledgeable so can easily consult for as many hours as she wants.  Combine those with a good savings, and we are doing fine.  Not "FU money" fine, but able to live comfortably and enjoy nice things.

Answering perhaps an unasked question:  I never really had a target date to retire.  When I was young I had a stretch savings goal, which we may actually have achieved based on my income, but we had two major investments go belly up in our life (one resulted in an SEC indictment and large class action settlement, and both were attempts to diversify / be more conservative in our investing strategy, LOL).  

I've probably mentioned, by my cancer diagnosis happened 6 weeks after I had joined a new, smaller, local company.  I had spent most of my career in large Fortune 500 companies with Phoenix more of a base from which I traveled; this was finally an opportunity to focus more closer to home and help a small but growing company with my industry knowledge and connections.  I was so into it that after they darn near cut my haid clear off in the laryngectomy, and bombarded me with radiation, I still went back to work and intended to do continue doing so.  What can I say -- I come from blue collar stock that expects to work.

But then I got the metastasis news, and with it chemo and the likelihood that I'd be dead in the not too distant future.  My wife had to say "dood, you worked your whole life for this family and we saved all this money, retire already and enjoy what time you have left."  So I did.  But like I said, through Keytruda, other treatments, and the grace of God, I'm still here.   

 

[Pimpadeaux 2,406]

1 minute ago, jerryskids said:

Retired in 2021 at 54 because my throat cancer was supposed to kill me.  2.5 years later I'm still doing well, knock on wood... but because of the bleak diagnosis, SSDI approved me right away, and I make a pretty nice monthly income from it.  Wife is still working; she enjoys her job (and enjoys biotching about it).  Plus we get Mayo health coverage, which has been... quite useful!  Someday she'll maybe get tired of doing it full-time -- she is pretty Salesforce knowledgeable so can easily consult for as many hours as she wants.  Combine those with a good savings, and we are doing fine.  Not "FU money" fine, but able to live comfortably and enjoy nice things.

Answering perhaps an unasked question:  I never really had a target date to retire.  When I was young I had a stretch savings goal, which we may actually have achieved based on my income, but we had two major investments go belly up in our life (one resulted in an SEC indictment and large class action settlement, and both were attempts to diversify / be more conservative in our investing strategy, LOL).  

I've probably mentioned, by my cancer diagnosis happened 6 weeks after I had joined a new, smaller, local company.  I had spent most of my career in large Fortune 500 companies with Phoenix more of a base from which I traveled; this was finally an opportunity to focus more closer to home and help a small but growing company with my industry knowledge and connections.  I was so into it that after they darn near cut my haid clear off in the laryngectomy, and bombarded me with radiation, I still went back to work and intended to do continue doing so.  What can I say -- I come from blue collar stock that expects to work.

But then I got the metastasis news, and with it chemo and the likelihood that I'd be dead in the not too distant future.  My wife had to say "dood, you worked your whole life for this family and we saved all this money, retire already and enjoy what time you have left."  So I did.  But like I said, through Keytruda, other treatments, and the grace of God, I'm still here.   

 

Glad you are, boyo! You've been through hell, sir.

[jerryskids 6,794]

Also, I just went back and re-read parts of this thread I missed while on and off typing my post.  Good to see people put political crap aside and have a supportive discussion.   

[Hardcore troubadour 15,427]

All I can say given my experiences is this: Work sucks. Not working sucks more.  I take sabbaticals from working from time to time but it usually doesn’t last very long. Unless you’re really into golf or other hobbies I recommend at least working part time. Even if it’s for funny money. 

[cyclone24 1,913]

25 minutes ago, Pimpadeaux said:

Y'all justifiably joke about me selling life insurance, which I do in addition to disability and long-term care. By I'm also registered and do market stuff as well - mutual funds, IRAs, variable annuities, variable universal life, etc.

With trails, renewals and all that stuff rolled in and going on forever, most agents work well into their 70s because they have that as a base and don't have to constantly prospect for new clients. There's a 100-year-old dude who still works out of the home office.

It's hard to walk away from a client base that has been decades in the making, I suppose. I spend 80 percent of my time just working with existing clients.

 

There is no client or job that I would enjoy more than traveling, playing golf, making fun of random people, shiiting on public toilet seats, and just jerking off all day.  
 

actually, I’m doing most of those now. nevermind 
 

[Pimpadeaux 2,406]

1 minute ago, jerryskids said:

Also, I just went back and re-read parts of this thread I missed while on and off typing my post.  Good to see people put political crap aside and have a supportive discussion.   

Yessir!

[Pimpadeaux 2,406]

3 minutes ago, Hardcore troubadour said:

All I can say given my experiences is this: Work sucks. Not working sucks more.  I take sabbaticals from working from time to time but it usually doesn’t last very long. Unless you’re really into golf or other hobbies I recommend at least working part time. Even if it’s for funny money. 

My intent was to retire to some quaint mountain community and write stories for the local newspaper. I still night do that, but for now I'm just going to ride the Ned Ryerson train into the sunset. Bing!

[BeachGuy23 642]

9 minutes ago, jerryskids said:

Retired in 2021 at 54 because my throat cancer was supposed to kill me.  2.5 years later I'm still doing well, knock on wood... but because of the bleak diagnosis, SSDI approved me right away, and I make a pretty nice monthly income from it.  Wife is still working; she enjoys her job (and enjoys biotching about it).  Plus we get Mayo health coverage, which has been... quite useful!  Someday she'll maybe get tired of doing it full-time -- she is pretty Salesforce knowledgeable so can easily consult for as many hours as she wants.  Combine those with a good savings, and we are doing fine.  Not "FU money" fine, but able to live comfortably and enjoy nice things.

Answering perhaps an unasked question:  I never really had a target date to retire.  When I was young I had a stretch savings goal, which we may actually have achieved based on my income, but we had two major investments go belly up in our life (one resulted in an SEC indictment and large class action settlement, and both were attempts to diversify / be more conservative in our investing strategy, LOL).  

I've probably mentioned, by my cancer diagnosis happened 6 weeks after I had joined a new, smaller, local company.  I had spent most of my career in large Fortune 500 companies with Phoenix more of a base from which I traveled; this was finally an opportunity to focus more closer to home and help a small but growing company with my industry knowledge and connections.  I was so into it that after they darn near cut my haid clear off in the laryngectomy, and bombarded me with radiation, I still went back to work and intended to do continue doing so.  What can I say -- I come from blue collar stock that expects to work.

But then I got the metastasis news, and with it chemo and the likelihood that I'd be dead in the not too distant future.  My wife had to say "dood, you worked your whole life for this family and we saved all this money, retire already and enjoy what time you have left."  So I did.  But like I said, through Keytruda, other treatments, and the grace of God, I'm still here.   

 

Here’s hoping you’ve got many many years of retirement left boyo.

[Fireballer 2,642]

50.  It’s less than 12 months away. Pension right at 100k

[Maximum Overkill 1,988]

11 minutes ago, Pimpadeaux said:

But it's a great company with a long history, and it's servant leadership. The first three years were brutal. The washout rate is like 90 percent. But I went into it with the mindset of not having a backup plan and realized I could prospect and phone my way out of a slump.

I make well over six figures and work 20-25 hours a week, have unlimited vacation/sick days and no boss, so I feel semiretired.

The only time I get pesky with someone is if it's like a dad with a stay-at-home wife and kids. I tell him he's a azzhole if he doesn't have term insurance to take care of them.

That's very smart. I tell the the younger ones that as well. Approach everything you do with a plan, whether is taking out the trash or flying an F-16. 

[jerryskids 6,794]

2 minutes ago, Pimpadeaux said:

Glad you are, boyo! You've been through hell, sir.

True, I have... actually, yesterday I had a procedure that I had hoped would improve my speech.  Basically, dilating my throat to make it wider.  Unfortunately, while that was successful, it identified the root cause of my problem, which is a sizeable ridge from reconstruction which traps food and liquid, and inhibits my prosthetic. Dilation does not resolve that.

The (possibly) good news is that my ENT PA, who is a focking great guy (like, I would give money to Mayo in his name, he's been so supportive) saw the results and instantly told me he's setting up an appointment for me with the head of ENT (who also did my lary) to discuss surgical options to eliminate the ridge.  I don't know yet if there are any such solutions, but I'm keeping up hope that there are.

[Hardcore troubadour 15,427]

3 minutes ago, Pimpadeaux said:

My intent was to retire to some quaint mountain community and write stories for the local newspaper. I still night do that, but for now I'm just going to ride the Ned Ryerson train into the sunset. Bing!

That falls under the old what would you do if money weren’t an object? It’s a great thing to shoot for.  

[BeachGuy23 642]

1 minute ago, jerryskids said:

True, I have... actually, yesterday I had a procedure that I had hoped would improve my speech.  Basically, dilating my throat to make it wider.  Unfortunately, while that was successful, it identified the root cause of my problem, which is a sizeable ridge from reconstruction which traps food and liquid, and inhibits my prosthetic. Dilation does not resolve that.

The (possibly) good news is that my ENT PA, who is a focking great guy (like, I would give money to Mayo in his name, he's been so supportive) saw the results and instantly told me he's setting up an appointment for me with the head of ENT (who also did my lary) to discuss surgical options to eliminate the ridge.  I don't know yet if there are any such solutions, but I'm keeping up hope that there are.

I hope it turns out great for you friend.

We often take our health for granted until it’s taken away.  You’ve got a great attitude.

[Horseman 2,458]

1 hour ago, Engorgeous George said:

Retired last April at 64.  No mortgage, no debt, 3.5 million in savings.  I have my doubts whether it will be enough.  It will last if we have good health.  If one or both end up in asssisted care it may not last.

What's your spend?  You should have plenty at that age unless your spend is crazy.

[The Psychic Observer 498]

As soon as I can, but not really retirement, I want to get into volunteer work.