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re: Anyone retire early early?
Posted on 5/14/24 at 7:38 am to TheOcean
Posted on 5/14/24 at 7:38 am to TheOcean
This topic came up in another thread, but, no I didn't. Kids. College (we helped out). We've been the "single hitter" type of couple, always disciplined in investing in 401k, IRAs, stock purchase plans at work. Locked it in on a monthly deduction and voilà it grew to sizeable figures over the years.
We did invest in rental properties that eventually paid off, but I've always worked. You have to have the mindset and temperament to deal with tenants. Best advice I was ever given.."never rent to someone you wouldn't want to have over for dinner".
Did "get retired" last year...
There was a job in our company in another division I wanted, but there wasn't a position at the time. Got laid off in July of last year. They were fair with severance yada yada and I was going to retire at that point. Fast forward to November, I was contacted to see if I'd be interested in applying for a new position that was coming up. Things didn't move very fast, but eventually it all came together, and I started in early February. Lower salary than before, but good enough for my objectives and I got to work with people I really liked. Prior to that, fantasy football (really) took a lot of my time back then (until the season ended). I did the exercise thing, we travel a lot anyway (I get 6 weeks a year anyway with other days off for holidays), so I didn't miss the travel part anyway. Nothing of interest otherwise to keep me busy. So, no I wasn't bored, but coming back for now works out for us as we have a kid's wedding to pay for, some future trips etc. Maybe I'll "really retire" in a year or two?
FWIW, we're in our late 60's.
We did invest in rental properties that eventually paid off, but I've always worked. You have to have the mindset and temperament to deal with tenants. Best advice I was ever given.."never rent to someone you wouldn't want to have over for dinner".
Did "get retired" last year...
There was a job in our company in another division I wanted, but there wasn't a position at the time. Got laid off in July of last year. They were fair with severance yada yada and I was going to retire at that point. Fast forward to November, I was contacted to see if I'd be interested in applying for a new position that was coming up. Things didn't move very fast, but eventually it all came together, and I started in early February. Lower salary than before, but good enough for my objectives and I got to work with people I really liked. Prior to that, fantasy football (really) took a lot of my time back then (until the season ended). I did the exercise thing, we travel a lot anyway (I get 6 weeks a year anyway with other days off for holidays), so I didn't miss the travel part anyway. Nothing of interest otherwise to keep me busy. So, no I wasn't bored, but coming back for now works out for us as we have a kid's wedding to pay for, some future trips etc. Maybe I'll "really retire" in a year or two?
FWIW, we're in our late 60's.
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