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Moment of Truth
Old 05-19-2017, 07:59 PM   #1
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Moment of Truth

Okay, so I too have lurked on this amazing site for many years, appreciating the courage shared by FIRE brothers and sisters, and now its time for me to put some steel in my spine too.

I'm 64 and my DW is 71 (she robbed the cradle, don't ya know), and married 32 years. She is already retired a year already and has never looked back.

I've worked in education for the past 21 years at a college that has provided great opportunities for me. It's been a terrific ride, but like a great TV show, it had reached its final season.

I've been considering my transition for over a year, and now, I think, and feel, I'm ready to join the retiring class of 2017. On Monday, I will submit documents that affirm my intentions to say, "see ya!" And having written that, it feels pretty damn good!

Brian
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Old 05-19-2017, 08:03 PM   #2
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Congratulations. You are gonna love it.
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Old 05-19-2017, 08:05 PM   #3
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Thanks travelover!
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Old 05-19-2017, 08:10 PM   #4
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Congrats, exciting times ahead!
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Old 05-19-2017, 08:11 PM   #5
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What were some of the first things you did after retiring?
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Old 05-19-2017, 08:40 PM   #6
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What were some of the first things you did after retiring?
The first thing I did was stop going to work.
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Old 05-19-2017, 09:04 PM   #7
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Okay I'm taking notes, now...#1 - don't go back to work, check. LOL
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Old 05-19-2017, 09:10 PM   #8
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#2 - don't set the alarm clock

Back to serious, welcome to the forum. It sounds like you are mentally prepared and ready. You don't mention any financial questions, so assuming you have that under control and good understanding.
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Old 05-20-2017, 02:52 AM   #9
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Congrats BGold! What will your retirement date be?
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Old 05-20-2017, 03:53 AM   #10
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What were some of the first things you did after retiring?
Had a garage sale and sold all my work clothes.

Made a list of stuff to do and then never did it.

Learned how to make a proper margarita.

Bought a good bike and, it's true, you never forget how to ride.
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Old 05-20-2017, 04:33 AM   #11
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#3 Don't make the list too long - remember you are retired!
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Old 05-20-2017, 04:45 AM   #12
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38Chevy454 -

My DW and I have compiled a nest egg of $3.4 M and have a yearly expense of $130k. This includes health care, family support, vacations, fun, and basic living needs.

I'll be receiving travia leave for unused sick leave and vacation days after retiring on July 1st which will carry me for 3-months. Once I begin receiving SS, my DW and I will collect 50k, leaving 80k for our investments to cover. I've calculated a 2.5% withdrawal rate to cover the rest of the budget.
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Old 05-20-2017, 04:46 AM   #13
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Evilanne - July 1st!
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Old 05-20-2017, 04:49 AM   #14
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Cobra9777 - love your "to do" and "not to do list"
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Old 05-20-2017, 04:56 AM   #15
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The truth is I'm conflicted on how this has come about. In February, I had chosen to stay at the j$b for 1 more year, because the last 5-years had been challenging and fun. In early April, word came down from administration that half my department (the best half) would be canceled and I would be reassigned.

So for the last 7-weeks I've been grieving the loss and angry about a decision I could not control. Slowly I've realized this to be a "buddhist gift." Seeing the opportunity in events that happen.
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Old 05-20-2017, 05:22 AM   #16
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Perhaps taking the decision out of your hands is a good thing. It avoids the OMY syndrome. Besides, you're not retiring early anyway at 64. With pensions and Medicare around the corner, your assets should allow for some enjoyable retirement.
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Old 05-20-2017, 05:36 AM   #17
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What were some of the first things you did after retiring?
It took me awhile to learn to slow down. First thing I did was turn off my alarm clock and leave it off. I just tried to take my time doing stuff, no hurry, you can always do it tomorrow. I had some friends and my DH who were retired, and they gave me some great advice.
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Old 05-20-2017, 05:38 AM   #18
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One more quick thing. I learned to sell on eBay and cleaned out my closets and shelves. Feels so good!
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Old 05-20-2017, 08:59 AM   #19
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iLoveyoga - I'm looking forward to taking my time and especially not having to travel on subways during rush hour. My DW is already retired. Its great to see how calm she is
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Old 05-20-2017, 09:22 AM   #20
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What were some of the first things you did after retiring?
2 days after retiring we were on a plane for a 2 week tour of South America
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