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Bloomberg on working to 65
02-20-2016, 09:36 AM
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#1
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Recycles dryer sheets
Join Date: Feb 2014
Posts: 188
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Bloomberg on working to 65
Did anyone else catch the Bloomberg radio piece yesterday about working until you are 65 is the new status symbol and retiring early is not!
Not sure what to make of it.
If you have the Bloomberg radio app it was 1:30pm eastern time
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02-20-2016, 09:53 AM
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#2
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gone traveling
Join Date: Sep 2003
Location: DFW
Posts: 7,586
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LOL, whats the thought process here, if you don't get riffed by the time your 65 you must be good?
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02-20-2016, 10:30 AM
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#3
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Full time employment: Posting here.
Join Date: Feb 2015
Location: S. California
Posts: 776
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 Quote:
Originally Posted by DFW_M5
LOL, whats the thought process here, if you don't get riffed by the time your 65 you must be good?
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The emphasis was more that having the physical ability to work until 65 was the new status symbol. As compared to, say, being FIRE'd and having both the time(!) and physical ability to spend 30 days backpacking the John Muir trail, which we plan to do next year.
Absolute rubbish IMHO.
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02-20-2016, 10:31 AM
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#4
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,211
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Well... my LBYM mindset has me ignoring status symbol stuff anyway. LOL.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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02-20-2016, 10:33 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2011
Posts: 8,407
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Quote:
Originally Posted by LastOfTheBoomers
Did anyone else catch the Bloomberg radio piece yesterday about working until you are 65 is the new status symbol and retiring early is not!
Not sure what to make of it.
If you have the Bloomberg radio app it was 1:30pm eastern time
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At age 65, RE'd with a 32 y.o. new wife might be a better status symbol. IMO.
I guess Bloomberg has lost sight of the old leisure class. Having a trust fund is the ultimate status symbol in my neck of the woods.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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02-20-2016, 10:34 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,897
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Interest-in-status-symbols and FIRE are often mutually exclusive.
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02-20-2016, 10:43 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,245
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Actually, for many of the younger Boomberg employees, working until 70 will be the norm due to longer healthier life spans, so working until one is 'only' 65 will be an ER status symbol, I suppose.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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02-20-2016, 10:56 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,431
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OK all you trend following RE website folk, back to work or your peers will jeers at you. Who will step to the plate and develop the not-early-retirement.org?
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02-20-2016, 10:58 AM
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#9
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,211
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Quote:
Originally Posted by Tadpole
OK all you trend following RE website folk, back to work or your peers will jeers at you. Who will step to the plate and develop the not-early-retirement.org?
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It can be called Work-till-you-drop.org.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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02-20-2016, 11:33 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Jalisco, Mexico
Posts: 1,747
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Quote:
Originally Posted by LastOfTheBoomers
Did anyone else catch the Bloomberg radio piece yesterday about working until you are 65 is the new status symbol and retiring early is not!
Not sure what to make of it.
If you have the Bloomberg radio app it was 1:30pm eastern time
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Well *someone* needs to keep feeding cash into the pension and SS coffers...
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02-20-2016, 12:12 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Location: Nashville
Posts: 2,506
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Quote:
Originally Posted by LastOfTheBoomers
Did anyone else catch the Bloomberg radio piece yesterday about working until you are 65 is the new status symbol and retiring early is not!
Not sure what to make of it.
If you have the Bloomberg radio app it was 1:30pm eastern time
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Hmm. Maybe I should start focusing on status--I've been lax in that for a while. Time to change my username to 2026ish--and hope that DW doesn't find out, as she'd probably kill me if I told her that she has to work for another decade. 
__________________
OMY * 3 2ish Done 7.28.17
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02-20-2016, 12:57 PM
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#12
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,211
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Well technically *she* wouldn't have to work another decade... only you.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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02-20-2016, 01:36 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Location: Nashville
Posts: 2,506
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Nah, she claims to want me around to carry her bags--one for all and all that!
__________________
OMY * 3 2ish Done 7.28.17
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02-20-2016, 01:37 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jul 2015
Posts: 1,103
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Quote:
Originally Posted by ElizabethT
The emphasis was more that having the physical ability to work until 65 was the new status symbol. As compared to, say, being FIRE'd and having both the time(!) and physical ability to spend 30 days backpacking the John Muir trail, which we plan to do next year.
Absolute rubbish IMHO.
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You're my hero ElizabethT!! I'd love to backpack JMT, but DW has a bad back. Still loving FIRE though, never planned to work to 65 
FB
__________________
Living the dream...
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02-20-2016, 01:41 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Jul 2015
Posts: 1,103
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Quote:
Originally Posted by marko
I guess Bloomberg has lost sight of the old leisure class. Having a trust fund is the ultimate status symbol in my neck of the woods.
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I guess many of us built our own trust funds over the years. So we didn't ER at 18 like some trust fund kids or Failures To Launch, but it's a great feeling to know that we've built something great and rather unusual.
FB
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Living the dream...
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02-20-2016, 02:34 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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Quote:
Originally Posted by GrayHare
Interest-in-status-symbols and FIRE are often mutually exclusive.
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Very true. There was a lot written about that in The Millionaire Next Door.
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Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
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02-20-2016, 03:11 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,984
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Go figure. I'm ERing in 68 days and now it's out of style! What will I do?!
__________________
Took SS at 62 and hope I live long enough to regret the decision.
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02-20-2016, 03:25 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,891
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Hey, for those of you reading this and are still working, go for 70, the hell with 65.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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02-20-2016, 03:35 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2014
Posts: 7,367
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I retired at 61 due to toxic politics. I'm 63 and I think if I were still working I'd be counting the days till retirement (had planned age 65). I loved what I did and worked mostly for great companies with great people but 38 years was enough.
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02-20-2016, 03:44 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
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Quote:
Originally Posted by LastOfTheBoomers
Did anyone else catch the Bloomberg radio piece yesterday about working until you are 65 is the new status symbol and retiring early is not!
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I have never been one for the status thing. I am ready to climb in the wagon and stop pulling it for a while.
Thank goodness for those that work til 65+. It keeps my SS solvent longer.
136 days left!
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FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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