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

[jerryskids 5,206]

4 minutes ago, BeachGuy23 said:

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.

Thanks!  The post-op nurse (blond, 32 C, super cute I think, although I was a little groggy, but my wife said she was super cute as well) said that she thought she had the wrong patient, because I didn't look 56.  Later she said something about me looking fit and clearly working out... maybe she has a fetish for young-looking old guys with laryngectomies?  At least in my dreams she does.   

[Horseman 1,514]

6 minutes ago, Hardcore troubadour said:

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

That's why I like to call it "independently wealthy" instead of "retired".  It's the point where every day you wake up you get to decide what you want to do.  If you want to keep working, knock yourself out, not me.

 

[edjr 5,567]

I love make believe threads

[weepaws 2,460]

Never I hope, I like working to much, I would become lazy like seafoam and post stupid crap on boards.  

[Horseman 1,514]

I've been obsessed about this topic for the past 5 or so years.  Work with a financial advisor my company provides me and have read dozens of books in addition to learning from making every investing mistake imaginable.

Mid 50s and I've made it according to every financial model we've run. I will likely officially leave the company at the end of this year.  Company is starting to throw money at me to stay though which is tough.  Just gave me another 5% salary raise and a huge bonus.  Being in my money making years - right now I can bank another million dollars in retirement funds for every two more years I work.

Temping, but, I know too many people that hung on and got sick soon after they retired into their 60s.  We've been traveling to the country looking for farm/ranch so we can move out of city life.  I'll see what my options are towards the end of the year.  I might be able to get them to pay for moving us to wherever we want if I agree to stay on one more year.  But then I'd have to travel a lot and I hate that.

[jonmx 1,593]

1 hour ago, BeachGuy23 said:

Speaking of going bonkers lately.  

It sucks to be up over 300 percent since September. 

[jerryskids 5,206]

In a weird bit of timing, I just got an email that the company I retired from just hired a new VP of sales.  I read through the press release and... meh.  That would have been me, I was hired in to do that role, when they were ready to have it.

The first time they were ready, I helped interview the guy they hired.  I didn't think he was a good fit, because he never seemed to last two years at any one company (basically the @edjr of sales management), and his personality seemed off.  But I was sick and hadn't been there long, so I didn't push too hard.  Sure enough, he left before two years.

The press release on this guy basically says:  he's the most qualified guy we could find.  It was maybe the least glowing press release I've ever seen for an executive hire.

Anyway, I'm salty because this thread got me thinking about my retirement.   

 

[supermike80 1,286]

1 hour 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. 

Exactly me. Cept the bicoin part

[Horseman 1,514]

Spermoff:  What do you want - what are you going to do in retirement?

Farm/Ranch with enough land you can't see your neighbors.  We'd upscale the 600sf garden and greenhouse we have now in the suburbs to 10 or 20x the size.  Going to need at least two outbuildings.  I'd like some animals, but what the fok do you do with them when you go on vacation.  Turning one of the out buildings into a wood working shop, I already have most of both power and hand tools, been collecting for years probably have too many.  I really want a pool with large outdoor cooking entertaining area.  Hot tub, sauna. But if we find the right property without I can always build those myself.  Stocked pond, maybe some forest area.

I don't understand people that keep working just to stay busy.  I've got way to many things I want to do:

Woodworking

Golf

Tie flies and make lures.

Catch big asss fish with the flies and lures.

Vacations, never been to Europe.

I have a guitar I don't know how to play.

Read more books.

More Golf.

I'd like a newer, modern home, but, if there is any remodeling to be done I can certainly do all that myself.

[edjr 5,567]

35 minutes ago, jerryskids said:

In a weird bit of timing, I just got an email that the company I retired from just hired a new VP of sales.  I read through the press release and... meh.  That would have been me, I was hired in to do that role, when they were ready to have it.

The first time they were ready, I helped interview the guy they hired.  I didn't think he was a good fit, because he never seemed to last two years at any one company (basically the @edjr of sales management), and his personality seemed off.  But I was sick and hadn't been there long, so I didn't push too hard.  Sure enough, he left before two years.

The press release on this guy basically says:  he's the most qualified guy we could find.  It was maybe the least glowing press release I've ever seen for an executive hire.

Anyway, I'm salty because this thread got me thinking about my retirement.   

 

he was awesome and perfect?

[Strike 3,979]

57 years old now.  Almost retired at the end of '21.   Took a few months off and wasn't sure I'd go back to working but ended up finding a job that fit really well and have been there the last couple years.  Have been taking flying lessons and guess what?  Flying is pretty damned expensive.  Got no mortgage or debt so working allows me to avoid high health insurance costs longer, and my salary gets about split between flying and increasing my nest egg.  Will see how things look in a few years.  If I need more time for flying related endeavors I may retire in my early 60's. 

[MLCKAA 395]

Absolute worst case is 62.  Best case scenario is 53-55, or 3-5 years from now.

[cyclone24 1,814]

50 minutes ago, Horseman said:

Spermoff:  What do you want - what are you going to do in retirement?

Farm/Ranch with enough land you can't see your neighbors.  We'd upscale the 600sf garden and greenhouse we have now in the suburbs to 10 or 20x the size.  Going to need at least two outbuildings.  I'd like some animals, but what the fok do you do with them when you go on vacation.  Turning one of the out buildings into a wood working shop, I already have most of both power and hand tools, been collecting for years probably have too many.  I really want a pool with large outdoor cooking entertaining area.  Hot tub, sauna. But if we find the right property without I can always build those myself.  Stocked pond, maybe some forest area.

I don't understand people that keep working just to stay busy.  I've got way to many things I want to do:

Woodworking

Golf

Tie flies and make lures.

Catch big asss fish with the flies and lures.

Vacations, never been to Europe.

I have a guitar I don't know how to play.

Read more books.

More Golf.

I'd like a newer, modern home, but, if there is any remodeling to be done I can certainly do all that myself.

That’s a great question. By the time we are done a third of my life will have been taking care of everything with the little girls, cooking, cleaning, all that stuff. I’m definitely concerned about what happens after I lose that identity and I don’t have those things to do anymore. 
 

 

[Pimpadeaux 2,267]

2 hours ago, Fireballer said:

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

Good job on getting there!

What's your life plan after that? 

Like HT said, I can't imagine not working, even if it's in some volunteer capacity.

[Cdub100 3,381]

58-62

[Pimpadeaux 2,267]

1 hour ago, Horseman said:

Spermoff:  What do you want - what are you going to do in retirement?

Farm/Ranch with enough land you can't see your neighbors.  We'd upscale the 600sf garden and greenhouse we have now in the suburbs to 10 or 20x the size.  Going to need at least two outbuildings.  I'd like some animals, but what the fok do you do with them when you go on vacation.  Turning one of the out buildings into a wood working shop, I already have most of both power and hand tools, been collecting for years probably have too many.  I really want a pool with large outdoor cooking entertaining area.  Hot tub, sauna. But if we find the right property without I can always build those myself.  Stocked pond, maybe some forest area.

I don't understand people that keep working just to stay busy.  I've got way to many things I want to do:

Woodworking

Golf

Tie flies and make lures.

Catch big asss fish with the flies and lures.

Vacations, never been to Europe.

I have a guitar I don't know how to play.

Read more books.

More Golf.

I'd like a newer, modern home, but, if there is any remodeling to be done I can certainly do all that myself.

This definitely is a great idea, as are the rest of them. I love writing, recording and producing my own music and don't give a rat's ass what anyone thinks about it. I've had a handful of new songs in the can for the past 10 years, but then Rusty II dug into my catalogue and took it upon himself to remaster everything and put it out there on Spotifying and YouTube, which in turn motivated me to finish my first album in more than a decade. I'd love to form a band to play this crap. I'll release my new crap to the board soon, after Toofy and the reviewers get their copies.

Golf is another one. I love golf but haven't played in a while.

And fish. And kayak.

And travel and explore the world.

My dad was a beast at woodworking. I've got some chisels of his that date back generations. He built some mind-melting muzzleloaders.

I've never the patience for that kind of thing, but I'd love to learn how to just build a damned wooden frame.

 

[RaiderHaters Revenge 3,585]

I retired at 44, then again at 47

[Pimpadeaux 2,267]

1 minute ago, RaiderHaters Revenge said:

I retired at 44, then again at 47

What do you do now?

[RaiderHaters Revenge 3,585]

1 minute ago, Pimpadeaux said:

What do you do now?

I own a Cannabis Company in California, and do consulting for up and coming businesses in states where I have contacts as they get medical/recreational

I was a blackjack dealer for 25 years, medically retired at 44, lung capacity under 20%, got healthy lost 100 lbs, got my lung capacity back up to 80%, was bored went to work at the post office for fun and IYKYK, did that for a year. 

love my life, no complaints, no worries, never have to work, do it cause I love it, son is set, although hes not just being handed it

also bought a 2nd property 2 years ago, and now looking at apt complexes nationwide to invest in

 

[Pimpadeaux 2,267]

12 minutes ago, RaiderHaters Revenge said:

I own a Cannabis Company in California, and do consulting for up and coming businesses in states where I have contacts as they get medical/recreational

I was a blackjack dealer for 25 years, medically retired at 44, lung capacity under 20%, got healthy lost 100 lbs, got my lung capacity back up to 80%, was bored went to work at the post office for fun and IYKYK, did that for a year. 

love my life, no complaints, no worries, never have to work, do it cause I love it, son is set, although hes not just being handed it

also bought a 2nd property 2 years ago, and now looking at apt complexes nationwide to invest in

 

That's great! My mother-in-law owns a farm in Arkansas, and that farm will be passed along to us at some point. They grow corn and soybean, but I'm thinking it might be more profitable producing cannibis, legal in that state. 

Was your lung capacity due to your own smoking, second-hand smoke or something else? 

I think it would be a focking blast working for the post office. Here's your mail, mutherfocker!

You think there is a market for snapping up properties to turn into VRBO/AirBNB, etc.?

 

[shorepatrol 1,737]

62. Paid off home , underwhelming 401k. I can do contract work a couple days a month to make it fine. Can't focking wait. It's getting harder every day to not go ballistic on the fake retards in admin

[Fireballer 2,383]

39 minutes ago, Pimpadeaux said:

Good job on getting there!

What's your life plan after that? 

Like HT said, I can't imagine not working, even if it's in some volunteer capacity.

Probably take a year or so just to decompress and concentrate on getting my knee and back sorted out. I’ve had a pretty successful contracting side business that I built over the last 25 years.  My son has expanded that, so I’ll prob help him run that.  

[Thornton Melon 544]

3 hours 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.   

Give it time...seafoam hasn't chimed in yet 

As for me, the day I turn 63 is when I plan to retire

[Gladiators 1,904]

I’ve got a long ways to go. Probably 55, but we’ll see.

[Gladiators 1,904]

5 hours ago, 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. 

Where do you stay on AMI? We’ve gone 7 years in a row in mid-to-late January. We’ve always stayed at a place on 72nd street. We love it. As much as I’d like to get a place down there, I feel like it’s mostly rentals. I heard from a local that there are certain areas of the island that are designated for rentals, which makes sense. I’m thinking a house on the bay side would be better suited for a retirement home.

[Pimpadeaux 2,267]

1 hour ago, Fireballer said:

Probably take a year or so just to decompress and concentrate on getting my knee and back sorted out. I’ve had a pretty successful contracting side business that I built over the last 25 years.  My son has expanded that, so I’ll prob help him run that.  

That's great!

[Pimpadeaux 2,267]

1 hour ago, Thornton Melon said:

Give it time...seafoam hasn't chimed in yet 

As for me, the day I turn 63 is when I plan to retire

He did as Maximum Overdrive, so kudos to him.

How are you able to retire at 63?

[IGotWorms 3,315]

1 hour ago, Thornton Melon said:

Give it time...seafoam hasn't chimed in yet 

Renters don’t retire  

[cyclone24 1,814]

32 minutes ago, Gladiators said:

Where do you stay on AMI? We’ve gone 7 years in a row in mid-to-late January. We’ve always stayed at a place on 72nd street. We love it. As much as I’d like to get a place down there, I feel like it’s mostly rentals. I heard from a local that there are certain areas of the island that are designated for rentals, which makes sense. I’m thinking a house on the bay side would be better suited for a retirement home.

Yeah, I think it is. We like it because it does have a little bit of a small town appeal, there’s no hotels on the island, there’s a noise ordinance, and it’s a very short drive from the airport. The only drawback I can see is that they are all Multilevel structures so you figure at 65 or 70 are you really going to want to do stairs? 
 

Yeah, a lot of rentals, so how much community do you really have is also an issue. I’d have to look and see where it was we stayed, but it was quite a ways past the strip area with the few restaurants they have.

[Pimpadeaux 2,267]

2 minutes ago, cyclone24 said:

Yeah, I think it is. We like it because it does have a little bit of a small town appeal, there’s no hotels on the island, there’s a noise ordinance, and it’s a very short drive from the airport. The only drawback I can see is that they are all Multilevel structures so you figure at 65 or 70 are you really going to want to do stairs? 
 

Yeah, a lot of rentals, so how much community do you really have is also an issue. I’d have to look and see where it was we stayed, but it was quite a ways past the strip area with the few restaurants they have.

Just looked at AMI. My concern would be the insurance and hurricane threat. Thoughts?

[HellToupee 749]

Retired 6 months ago . Was going to go at 56 but stayed 2 more years , 58 now.  I have a FERS pension and the gov also pays me my social security until I hit 62 . Life is great but it was a big adjustment , went from working 60 plus hours a week for years .

[Bill E. 666]

I will be 60 in November.  I will keep diving as long as my health holds up.  I have friends looking forward to retirement but I hate the thought of quitting.

[cyclone24 1,814]

50 minutes ago, Pimpadeaux said:

Just looked at AMI. My concern would be the insurance and hurricane threat. Thoughts?

Oh yeah for sure. From what I know about Florida you miss some taxes, but you get hammered on stuff like that for insurance. 
 

You looking to go down there on retirement? It’s so hard because you look at a place now, but when you’re older, you may go crap we don’t know anybody down here.

[RaiderHaters Revenge 3,585]

4 hours ago, Pimpadeaux said:

That's great! My mother-in-law owns a farm in Arkansas, and that farm will be passed along to us at some point. They grow corn and soybean, but I'm thinking it might be more profitable producing cannibis, legal in that state. 

Was your lung capacity due to your own smoking, second-hand smoke or something else? 

I think it would be a focking blast working for the post office. Here's your mail, mutherfocker!

You think there is a market for snapping up properties to turn into VRBO/AirBNB, etc.?

 

That would be great in that area. Although Cali farms still kill it in every state. It’s tough to get legal but I can guide you in the right direction 

I’ve never smoked a day in my life but the casinos were all cesspools filled with smoke 

I loved delivering mail. If I started when I was 20 I would have done 30 years easily.  Such a Refreshing job. But I averaged 70 hours a week that first year and never saw my son  

I’m not too into the air bnb. I’m all about low income sect 8 type properties. I want to start with a 16 plex or so 

[BeachGuy23 512]

7 hours ago, Gladiators said:

Where do you stay on AMI? We’ve gone 7 years in a row in mid-to-late January. We’ve always stayed at a place on 72nd street. We love it. As much as I’d like to get a place down there, I feel like it’s mostly rentals. I heard from a local that there are certain areas of the island that are designated for rentals, which makes sense. I’m thinking a house on the bay side would be better suited for a retirement home.

Went to AMI last year and headed back in a few weeks as our spring training hub.  That's where I'd like to get another place to snowbird, prices used to be utterly insane, but they're coming back down some these last two years.

Love the vibe of the town,  the beaches are amazing, good restaurants, no high rises, easy in and out to Sarasota.

Great place. 

[Thornton Melon 544]

7 hours ago, Pimpadeaux said:

 

How are you able to retire at 63?

At 62 and 4 months, I'll have enough age and years of service to retire from my company and get the health insurance subsidy. I figure I'll round it up to 63, plus that way, I'll get one more yearly bonus. That's a little over 3 years from now. I'd probably still work part time to delay taking SS, but I'll be done with my professional career (I hope )

[Engorgeous George 1,176]

16 hours ago, Horseman said:

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

Good question. Food, gas utilities.  Doesn't seem it should be too much but it always is.  My wife likes to spend on decorating.  Seems things like sofas and dining sets need to be changed when they are out of style, not when they are worn out.  Also I am told we may have to fund a dance studio for my youngest.

 

In the end there will be enough money for my life expectancy.  Whether there is enough for my wife depends on her spending habits.  Frankly we should easily be able to get 175,000 every year from the money i have plus social security.  it ought to be enough but inflation is the killer.  The value of that money will be halved ina dozen years or so, and then again in another dozen years or so.  When do we start eating the principal instead of harvesting the interest, who can say? 

[BeachGuy23 512]

3 minutes ago, Engorgeous George said:

Good question. Food, gas utilities.  Doesn't seem it should be too much but it always is.  My wife likes to spend on decorating.  Seems things like sofas and dining sets need to be changed when they are out of style, not when they are worn out.  Also I am told we may have to fund a dance studio for my youngest.

 

In the end there will be enough money for my life expectancy.  Whether there is enough for my wife depends on her spending habits.  Frankly we should easily be able to get 175,000 every year from the money i have plus social security.  it ought to be enough but inflation is the killer.  The value of that money will be halved ina dozen years or so, and then again in another dozen years or so.  When do we start eating the principal instead of harvesting the interest, who can say? 

Bro, you are in better shape than 95% of Americans.  You have plenty and don't  need to worry.

Enjoy yourself!

[Engorgeous George 1,176]

Just now, BeachGuy23 said:

Bro, you are in better shape than 95% of Americans.  You have plenty and don't  need to worry.

Enjoy yourself!

I have paid for the care of my wife's grand mother and her mother. Also my mother and a sibling.  Last year my mom passed.  Her care cost me $120,000 her last year.  The bills for the others were less but substantial at the time.  I have a fear or respect for the dangers of healthcare bills.  I have pretty good insurance but healthcare can eat savings in a big hurry.  

[Baker Boy 1,485]

The Best Laid Plans of Mice and Men