Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Hi, I'm hoping to retire in early 2010
Old 01-25-2009, 08:51 PM   #1
Thinks s/he gets paid by the post
powerplay's Avatar
Join Date: Oct 2008
Posts: 1,296
Hi, I'm hoping to retire in early 2010

I will be eligible to retire at the end of 2009 and currently plan to stay until the first part of 2010. The retirement system I'm under is CSRS (I'm a fed) so the current stock market predicament is not a major consideration. It would be nice though for the TSP to return to some level of former glory as I do wonder about maxing out my contributions to it each year. Guess that just helps me to live on less than I make.

Retirement has been calling to me for a long time so it will be nice when it finally comes! The people I work with though tease me about coming back as a contractor after I retire which is not uncommon where I work.

I have been lurking around the forums and reading through some of the threads. This looks like a great place so I hope to jump into some of the discussions.

powerplay is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-25-2009, 08:58 PM   #2
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 1,183
Welcome aboard powerplay! The waters fine. Read all around the forum, share more info and ask questions as needed.

crazy connie is offline   Reply With Quote
Old 01-25-2009, 09:09 PM   #3
Moderator Emeritus
CuppaJoe's Avatar
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,869
Welcome, Powerplay, looking forward to seeing more of your posts.
CuppaJoe is offline   Reply With Quote
Old 01-26-2009, 02:53 PM   #4
Dryer sheet aficionado
Join Date: Jan 2009
Location: Middle River (Baltimore suburb)
Posts: 34
Hi Powerplay. I'll be interested in hearing your thoughts and concerns about retiring. I work for state government, and although coming back contractually is a possibility for me, too, there is a maximum amount I could earn or it could actually reduce the pension, dollar for dollar. Does a federal job have that type of limitation?
janetvj is offline   Reply With Quote
Old 01-26-2009, 03:42 PM   #5
Moderator Emeritus
Khan's Avatar
Join Date: Aug 2006
Location: Pine Island, Florida
Posts: 6,804
Send a message via AIM to Khan
Welcome to the boards.

Many former feds (I am one) come back as contractors. I didn't even consider it.
"Knowin' no one nowhere's gonna miss us when we're gone..."
Khan is offline   Reply With Quote
Old 01-26-2009, 03:44 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 9,471
Welcome !
Moemg is offline   Reply With Quote
Old 01-26-2009, 09:41 PM   #7
Thinks s/he gets paid by the post
powerplay's Avatar
Join Date: Oct 2008
Posts: 1,296
Thanks for the welcome.

janetvj - Comig back as a contractor would not impact my retirement as a federal retiree. It sounds like you would need to do some careful planning first as a state retiree.
powerplay is offline   Reply With Quote
Old 01-26-2009, 11:30 PM   #8
Recycles dryer sheets
knucklehead 61's Avatar
Join Date: Nov 2008
Posts: 131
just wondering: if you retire & come back as a contractor, is that not retiring?!?
retiring to me would mean not working any more, or perhaps part time doing something enjoyable.
or mabey i forget that some lucky people actually enjoy their jobs & the people they work with.
knucklehead 61 is offline   Reply With Quote
Old 01-27-2009, 08:25 AM   #9
Recycles dryer sheets
Hobo's Avatar
Join Date: Sep 2008
Posts: 274
If "retirement has been calling you for years", then it is unlikely you will be disappointed and go back to work. Not knowing your current situation, I can't give you individual advise. But I suggest you mentally play out how you will see yourself spending your days. Some people can get more involved in hobbies; some people need something more challenging - like joining the Peace Corps! I think most people who go back to work never give any thought to an alternative lifestyle - all they have ever done is gone to work each day.

I highly recommend you spend some time traveling. This kind of forces you to see life from a different perspective. I see where Amtrak is offering good fares on 30-day travel passes where you can travel around the entire US. I've done that several times, and it is thrilling (to me). The train offers a much more panoramic way to travel. Driving is boring.

Don't let yourself fall into a rut. The world is filled with adventure - and this is the time you can finally experience it first hand.

Hobo is offline   Reply With Quote
Old 01-27-2009, 08:37 AM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
freebird5825's Avatar
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,019
Welcome to the board.
I am a former FERS employee who simply pulled the proverbial plug for a deferred retirement under MRA+10 rules. I was approached by several contractor site reps just before I exited. My answer was a polite "Thanks, but I'm history". I could easily seek a position right now, and would get definitely one. Nope nope nope!
After 26 yrs in the industry as both contractor (8 yrs) and fed (18+ yrs), it was time for a change. I can still be an Engineer with no paycheck, no deadlines, no politics, no silliness. That is sweet!
My advice is casually explore some contacts, tell them you are taking a 6 month to 1 year sabbatical, and then decide. My guess is you will never go back unless your line of work is interesting and you love/miss it.
A copy of Zelinski's "How to Retire Happy Wild and Free" might be in order while you are still w*rking.

"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
freebird5825 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
49 year old from the Great Northwest hoping to retire soon! hakuna matata Hi, I am... 11 08-02-2008 11:34 AM
29 and hoping to retire by 50.... dorikin_86 Hi, I am... 17 07-29-2008 08:20 PM
41 and Hoping to Retire by 50 retiringby50 Hi, I am... 6 12-05-2007 07:02 AM


All times are GMT -6. The time now is 03:02 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.