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Very soon
Old 11-13-2015, 01:34 PM   #1
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Very soon

I've not been here for sometime now so I just want to let you all that I've finally decided to pull the plug. Told my boss that I'm ready to retire last week. I don't have a fixed date yet but I hope that they just lay me off so I collect a few months of unemployment before I start to draw from my 401K. I'll be 60 in a few months and have about 800K in cash/stocks. My house is paid for and is worth around 650K. I hope this will be enough but even if it's not enough I will still call it quit since I just can't take it anymore.
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Old 11-13-2015, 02:21 PM   #2
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Congratulations, and I wish you the best of luck in your upcoming retirement. Not being able to take it anymore is a great motivator.
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Old 11-13-2015, 02:52 PM   #3
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As the old saying goes, retirement happens at the intersection of I've had enough with I have enough. I wish you the best and hope the latter is true...
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Old 11-13-2015, 04:30 PM   #4
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Welcome back, huusom, and congratulations on your decision. Hope you can set a date soon and start that countdown calendar.
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Old 11-13-2015, 05:48 PM   #5
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Congrats! You will enjoy your new life!
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Old 11-17-2015, 10:48 AM   #6
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Thank you all for the encouragement. We went to see our Charles Schwab financial consultant yesterday to crunch some number and it looks good. The wife is happy to get a second opinion from a real pro than just my words.
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Old 11-19-2015, 02:34 PM   #7
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Congrats! You made the right choice!
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Old 11-20-2015, 04:16 PM   #8
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Congratulations! Pray that they will lay you off so that you can draw unemployment for a while and you can hang onto your retirement funds a little longer.
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Old 11-20-2015, 04:20 PM   #9
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Unemployment requires that you actively seek another job. Why would it be paid to a retiree?
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Old 11-20-2015, 04:40 PM   #10
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Unemployment requires that you actively seek another job. Why would it be paid to a retiree?
That is the $64K question... It's because he is laid off. He will need the time to decide whether he wants to go back to work. I would collect it too. It's no different than any other benefit, except the employee actually pays for it.

Once you are receiving a pension, or SS, you are officially retired.
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Old 11-20-2015, 05:11 PM   #11
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Unemployment requires that you actively seek another job. Why would it be paid to a retiree?
There are plenty of people out there that realize after a period of time that they are retired after being laidoff. I fail to see any problem with someone approaching this proactively.
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Old 11-20-2015, 05:27 PM   #12
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In some cases, unemployment pays more than the pension plan and someone that has been laid off would be better off holding off on retiring and just collect unemployment until their mind has cleared on whether or not to retire.
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Old 11-20-2015, 05:44 PM   #13
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Sounds like you are more than ready for retirement huusom. Welcome to the world of professional layabouts. If you enjoy it half as much as we do (and I can tell you will), you'll be having a ball!
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Finally
Old 01-14-2016, 11:34 AM   #14
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Finally

Update:

I did not win the Power Ball yesterday but tomorrow is my last work day. I'm feeling great.
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Old 01-14-2016, 11:53 AM   #15
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Congratulations huusom! Much less hassle than winning the power ball.
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Old 01-14-2016, 11:56 AM   #16
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Awesome!

What will you do all day?
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Old 01-14-2016, 02:23 PM   #17
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Congrats!
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Old 01-14-2016, 03:00 PM   #18
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Congrats!
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Old 01-15-2016, 08:01 AM   #19
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Going from an unbearable work situation to retirement sounds like a good decision, congrats!
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Old 01-15-2016, 08:18 AM   #20
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Enjoy! As I say all of the time, the novelty never wears off.
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