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Posted on 4/1/24 at 12:57 pm to fallguy_1978
quote:As someone who's currently there I can tell you it feels just like 61 did.
I'm shooting for 62.
I've known a couple of folks who retired in their early 50s and got bored and went back to work, sometimes part-time, sometimes in a completely different field.
Many people mistakenly heavily prioritize the money component of retirement (having enough saved) above the mental, cultural, and psychological aspects.
I've got enough money. I haven't figured out anything else I want to do more than what I'm doing now.
I travel as much as I like and I have a liberal schedule and I like what I do (I'm good at it) and I like the folks around me and interacting with people.
I'm a people person!
Posted on 4/1/24 at 12:59 pm to SEC. 593
quote:
I'm not friends with any old people.
I hope you have some sort of retirement plan setup. The early you start planning it the better.
Posted on 4/1/24 at 1:00 pm to carhartt
My co-worker retired military 17-37 and then GS 37-57. 2 Retirements at 57
Posted on 4/1/24 at 1:01 pm to carhartt
34 I think. He bought ethereum in the ico. He is now in the 9 figure range
Posted on 4/1/24 at 1:02 pm to soccerfüt
quote:
I've known a couple of folks who retired in their early 50s and got bored and went back to work, sometimes part-time, sometimes in a completely different field.
My dad retired at 58. He traveled and did some other things the 1st year, but he got bored and started a consulting business after that. He was somewhat selective on the jobs he accepted, and he certainly didn't work anything close to 40 hrs. He did that for 3-4 more years before quitting for good.
I guess my goal is to have enough money to retire at 62 if I want to. Also, my wife is a few years older than me so it would mean we'd be able to retire pretty close together.
This post was edited on 4/1/24 at 1:04 pm
Posted on 4/1/24 at 1:08 pm to fallguy_1978
quote:
Also, my wife is a few years older than me so it would mean we'd be able to retire pretty close together.
Posted on 4/1/24 at 1:09 pm to fallguy_1978
quote:
I guess my goal is to have enough money to retire at 62 if I want to. Also, my wife is a few years older than me so it would mean we'd be able to retire pretty close together.
My goal is 62 also. There’s definitely a fine line of knowing when to call it quits and walking away. I retired from the Army when I was 38. I’ve been at my current job for almost 10 years. In that time we’ve had 2 guys that were past retirement age die while still working. One guy extended his retirement by a year so he could pay off his motorcycle faster. He died on the day he was supposed to retire. He had plans to ride all over the US and Canada during retirement.
shite like that makes you realize that working too long ain’t worth it. Enjoy life as much as you can and stop doing the grind as soon as possible.
Posted on 4/1/24 at 1:10 pm to carhartt
38. he built a business with a somewhat shady partner and then the partner offered him money (from a bank) to buy him out, he accepted, partner went under, and he rode off into the sunset.
Paid off his house, put kids college fund away, bought an RV and took his family around the US.
He's going to go get his MBA at SMU right now because he's bored and can do it debt free. I'm sure he'll go back to work someday but he has a paid off house, new vehicles and his kids' college taken care of.
Paid off his house, put kids college fund away, bought an RV and took his family around the US.
He's going to go get his MBA at SMU right now because he's bored and can do it debt free. I'm sure he'll go back to work someday but he has a paid off house, new vehicles and his kids' college taken care of.
Posted on 4/1/24 at 1:15 pm to carhartt
quote:
shite like that makes you realize that working too long ain’t worth it. Enjoy life as much as you can and stop doing the grind as soon as possible.
Agreed. I'd like to have at least a decade of reasonably healthy years where I can do what I want.
Unfortunately, for many of us, our health will start becoming a factor in our 70s. I know my dad can afford to do pretty much whatever he wants now, but his health isn't great anymore and he tells me he'd rather sleep in his own bed these days than go see new things.
Posted on 4/1/24 at 1:16 pm to Mr Breeze
quote:
Work for a major oil company 30 years and you’ll retire a millionaire
A low level millionaire ain't gonna pay for the rest of your life if you retire in your 50s. You need lots of millions, or at least I would
Assuming you retire at 53 and die at 80. 27 years you need to pay yourself a salary, go on vacations, have emergency funds, etc. And in our economy that's a lot of damn money.
One of my biggest fears is being old and going broke. Like 75 and running out of money.
Posted on 4/1/24 at 1:17 pm to carhartt
birth
Posted on 4/1/24 at 1:20 pm to North Dallas Tiger
quote:
birth
That’s not retiring. That’s being a rich, spoiled brat that wasn’t a contributing member of society.
Posted on 4/1/24 at 1:21 pm to carhartt
quote:no lies detected
That’s not retiring. That’s being a rich, spoiled brat that wasn’t a contributing member of society.
Posted on 4/1/24 at 1:22 pm to North Dallas Tiger
quote:
birth
Right? Can't believe it's taken until page 3. I know more than 1 who has never had a job, and they're not all uber wealthy
Posted on 4/1/24 at 1:23 pm to carhartt
quote:46 years old. Now he hunts, fishes, and does whatever else he wants. He's doing great. He has 1 kid that's in private school.
What’s the youngest age that a friend of yours retired?
Posted on 4/1/24 at 1:24 pm to soccerfüt
quote:
I've known a couple of folks who retired in their early 50s and got bored and went back to work, sometimes part-time, sometimes in a completely different field.
I used to hear this all the time and didnt know of anyone that had retired early. Then I realized it's because those that had were off enjoying themselves and were no longer in touch with work friends. Of course if you're still working you'll mostly come in contact with others doing the same or have returned after a failed retirement. Also, many early retirees keep it to themselves. I've learned that saying you work remote, consult, or self employed is more socially palatable than telling acquaintances you're early retired. That just tends to kill the dialogue. So hardly anyone knows I'm ER and enjoying it.
Posted on 4/1/24 at 1:25 pm to fallguy_1978
quote:
he tells me he'd rather sleep in his own bed these days than go see new things
There’s nothing quite like sleeping in your own bed with your own pillow. My wife and I are home bodies. So we really have no desire to travel when we retire. I was lucky enough to be able to travel the world to some pretty damn nice places while I was in the Army. So I’d rather find some hobbies and enjoy them to the fullest.
Posted on 4/1/24 at 1:27 pm to carhartt
My brother will be 48 when he retires, Fire Fighter.
Posted on 4/1/24 at 1:29 pm to carhartt
My one buddy was head of the inventory department for a drilling equipment company here in PA. He made good money but was laid off back in 2015 when the company was downsizing, he was 33 at the time and they gave him a big severance package. He went to work in the warehouse for a medical supply company for a few years and quit when he
He buys and sells things on Amazon and Ebay and he is the best sports gambler I know. He plays about 200 rounds of golf a year, hunts and fishes when he wants, and lives a low key life but has no worries about money.
He buys and sells things on Amazon and Ebay and he is the best sports gambler I know. He plays about 200 rounds of golf a year, hunts and fishes when he wants, and lives a low key life but has no worries about money.
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