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Old 07-24-2009, 11:16 AM   #21
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How's that again? Civil servants, with their deluxe pensions, are typically the most likely to take early retirement.

I must be missing something.
Legally itīs not possible to ER in Spain. Itīs at 65 or onwards.
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Old 07-26-2009, 08:37 AM   #22
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Originally Posted by vicente solano View Post
Legally itīs not possible to ER in Spain. Itīs at 65 or onwards.
Wow. Does that mean you don't get any pension if you leave before 65?
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Old 07-26-2009, 08:43 AM   #23
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I've completely lost my identities all in the last three months.
In hindsight (always 20/20) that was the part I had the hardest time adjusting to. First was the euphoria of "never having to work again" which lasted about a year. I found that one can only spend so much time building model airplanes, watching TV, going for long walks, fishing, catching up with relatives, etc. At least for me. Others are fine with it.

Then started looking for "something to do" but not wanting to commit to a regular schedule, so spent two or three days a week helping a friend build a full size airplane for about 18 months. (Many are pretty much the same as a radio control model - only materials are different so the skills are transferable.) That project finished, started looking for something else to do, and after some fits and starts ended up with another full time job, which for now is working for me.

But I still have my KMA hat firmly in place and if I got laid off/fired tomorrow I wouldn't be terribly upset about it.
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Old 07-26-2009, 10:43 AM   #24
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Wow. Does that mean you don't get any pension if you leave before 65?
Unless you retire from a field of work that is traditionally health challenging, like mining or high sea fishing;in which cases you can do it at 60 but with a slight reduction of your full pension.
Real ER retirement -like mine- only occur when an industry with a lot of workers -shipbuilding, car manufacturing- enters a deep and permanent crisis. But even these ERs wonīt happen anymore. No money and considered a waste of human working force.
Of course you can be fired and get compensation from your employer plus a temporary public unemployment subsidy.
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Old 07-26-2009, 11:00 AM   #25
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Unless you retire from a field of work that is traditionally health challenging, like mining or high sea fishing;in which cases you can do it at 60 but with a slight reduction of your full pension.
Real ER retirement -like mine- only occur when an industry with a lot of workers -shipbuilding, car manufacturing- enters a deep and permanent crisis. But even these ERs wonīt happen anymore. No money and considered a waste of human working force.
I used to envy those living in Spain due to your siestas, but no longer! It sounds like we have some advantages in the U.S., for early retirement.
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Old 07-26-2009, 01:31 PM   #26
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I used to envy those living in Spain due to your siestas, but no longer! It sounds like we have some advantages in the U.S., for early retirement.
There may be some misunderstanding on my part re this thing of ER. If Iīve got it right all of you who ER can do it īcause youīve been saving up for that goal all along previous many years, in one way or another, save those cases, like some civil servants that, after, say 20 years, some public federal, state, county etc coughs up full or Quasi full pension.
If my interpretation is correct, we, too, if we save/invest/insure for ER, can quit working too.
When I talk about ER, I mean public/state/ federal/council etc PAID FOR ER financed by direct or indirect taxes. In these cases is where ER is not possible, except for the instances I mentioned.
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