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Re: What does the term "ER" mean to U?
Old 06-07-2006, 12:33 AM   #21
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Re: What does the term "ER" mean to U?

So, what is the definition of is?

There are many different ways to define ER and each one here has their own. Here is mine.

ER is the cessation of a career j*b prior to age 65. Individuals within a household can be retired and still perform some type of w*rk for pay. As others have said, this is semi-retirement. Full retirement would be living on non-wage or non-business income.

Pensions, portfolios, cash, IRAs, 40X(x), and related non-wage non-business incomes are the basis for retirement income streams. Business income..including rentals is a grey area but smells like earned income to me so I would say this income would put someone in the semi-retired pigeon hole.
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Re: What does the term "ER" mean to U?
Old 06-07-2006, 08:13 AM   #22
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Re: What does the term "ER" mean to U?

i always thought of retired as not having to worry about money. when i was w*rking and when mom held the cash, i never had to worry about it.

now that i'm not w*rking and i'll be coming into a windfall of mom's cash, i'm worried about money. so maybe now i am not retired.

Quote:
Originally Posted by OldAgePensioner
I know I'm retired because I'm just like all those old retirees who were in my way when I was at the grindstone:
5) oap plans florida vacation so he can drive slowly in the left hand lane of i-95 with right blinker forever on.
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Re: What does the term "ER" mean to U?
Old 06-07-2006, 08:47 AM   #23
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Re: What does the term "ER" mean to U?

There are as many definitions as there are Eary Retirees.

Personally I am annoyed by headlines like, "Many Americans Plan to Work after Retiring" In my mind they are not retired, then, just working at a different job.

I guess if you want to define retirement as leaving your full-time career work for something else, that's up to you, but it doesn't make sense to me.

At most it is semi-retired.
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Re: What does the term "ER" mean to U?
Old 06-07-2006, 09:30 AM   #24
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Re: What does the term "ER" mean to U?

Despite the fact that my husband still works, I am surely retired. I have no boss, sleep as late as I like, do what I want to every day, and we even pay more for health insurance through DH's college instructor job than many retirees do. He gets 4 months of vacation a year and feels semi-retired himself. I switched to part-time telecommuting at age 52 (ranged from 5 to 30 hours a week, mostly 10-15 hrs), then resigned at age 55. I get no pension, no deferred compensation, and no retiree health insurance, so in some respects I am "more retired" (more separated from the work world anyway) than those who get any of those forms of work-based compensation.
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Re: What does the term "ER" mean to U?
Old 06-07-2006, 03:56 PM   #25
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Re: What does the term "ER" mean to U?

Man, now I feel so dirty taking that focus group $100.

Oh, wait, they were reimbursing my expenses, so I don't have to report that as earned income. Whew!

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Just curious: how did you get your joint a job as an auto buyer?
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Re: What does the term "ER" mean to U?
Old 06-07-2006, 11:51 PM   #26
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Re: What does the term "ER" mean to U?

Good discussion. I suppose the most important thing is that we each think about what RE means to us.

For me the FI represents not needing earned income to cover household minimum expenses.

For RE, the "R" to me represents no longer having a "job" or being an employee of any type. The "E" part to me means anything earlier than the typical retirement age (65+). I will still pursue interests, potentially making some money, but the money won't be the reason I'm pursuing it. So if that's semi-retirement, then I will never be "retired".
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Re: What does the term "ER" mean to U?
Old 06-08-2006, 09:01 AM   #27
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Re: What does the term "ER" mean to U?

I have a buddy that calls himself "retired" after he quit work about ten years ago at 43 with a chunk of money in the bank. His wife still works full time and gets benefits so there is houshold income. By my definition he's not retired, he's just a "bum with some dough". Retired to me means not needing any household income at all beyond investment income. The question I have is: If you sit around managing your portfolio all day are you really retired ? When I finally get there I don't want to have to sweat the stock market everyday and to me that's work.
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Re: What does the term "ER" mean to U?
Old 06-08-2006, 09:18 AM   #28
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Re: What does the term "ER" mean to U?

Heh heh heh heh heh heh

Sweating the stock market is male(usually), hormonal, and good clean fun - as long as you don't take yourself toooo serious.

At least so far - 13th year of ER. After thirty plus years - Saints Or should I switch to KC?

Or maybe some more hobby stocks if the season gets painful like last year.

heh heh heh heh heh - lead sled dog is still VG Target Retirement. The rest is entertainment.
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Re: What does the term "ER" mean to U?
Old 06-08-2006, 09:35 AM   #29
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Re: What does the term "ER" mean to U?

Personally, I see little difference between pension income, employer-funded health insurance in retirement, spouse's employment income, one's own part-time or semi-retirement income, or an inheritance for that matter--even generous 401k matching, big bonuses, profit-sharing, deferred compensation of any kind. They all give an outside boost to one's portfolio and its income. And that's fine by me!
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Re: What does the term "ER" mean to U?
Old 06-08-2006, 03:04 PM   #30
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Re: What does the term "ER" mean to U?

Just wanted to get back to "youse guys" and send my thanks for responding.

I guess the "view of retirement status" depends where you are, who you are, and what your circumstances.

I'll just close with this...* For me, retirement is being able to get up in the morning (or night!) and say:

* * *"Today I will...."

In other words, I'll do what I want to - not what I have to.* If my wife is still working to support my "goal", so be it (I needed to get a "dig" into CFB, since he did not offer his comments..)

Anyway, time for another glass of wine (no, I'm still working, so I'm not "retired" - but stay tuned!* * * )

- Ron
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Re: What does the term "ER" mean to U?
Old 06-08-2006, 03:16 PM   #31
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Re: What does the term "ER" mean to U?

I'm retired if I think I am.

You're retired if you think you are.

If I think I retired earlier than most people do, i'm early retired.

If you think you retired earlier than most people do, you're early retired.

I'm retired early. Wife works a couple of days a week at most because she wants to and it has its economic advantages.

By paying off the mortgage and cars and holding no debt, and the cash throwoff of investments, i'm "producing" a "cash flow" in excess of 80k a year after taxes.

No job. Nowhere to be at any particular time of day or any day of the week. 44 years old, that seems early.

Now, whats the difference between a couple that neither one works, but they have an annuity or social security as part of the income stream of their investments, and a couple where one works a couple of days a week to produce the same level of income as the annuity? How about a couple that invests in dividend bearing stocks that produce a regular income vs a couple that invests in non-dividend bearing stocks where one works a few days a week?

None that I can see.

Its certainly deceptive and unproductive to say "I'm living off of 300k a year with brains and bullshit" and never mentioning your full time working spouse.

Its another thing to have investments, debt control, and income producing the financially advantageous component of "a job" without actually working for anyone outside the home.
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Re: What does the term "ER" mean to U?
Old 06-08-2006, 03:25 PM   #32
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Re: What does the term "ER" mean to U?

Quote:
Originally Posted by Cute Fuzzy Bunny
...Now, whats the difference between a couple that neither one works, but they have an annuity or social security as part of the income stream of their investments, and a couple where one works a couple of days a week to produce the same level of income as the annuity?* How about a couple that invests in dividend bearing stocks that produce a regular income vs a couple that invests in non-dividend bearing stocks where one works a few days a week?

None that I can see.
The difference is that in one scenario, someone is working and in the other scenario nobody is working.
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Re: What does the term "ER" mean to U?
Old 06-08-2006, 07:49 PM   #33
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Re: What does the term "ER" mean to U?

Sorry, but someone had to make the money first to 'prime' the annuity or 'earn' the social security, or set up and manage the investments.

Or does 'work' require consistency and continuity?

That would mean you're retired on weekends and vacations, and when you're a teenager?

I guess my point is that this whole concept is resistant to hard definition. If I feel like I am and I wanna be, I am.

If you dont feel like I am, well...I think my grandpa had a saying although I'll make it a little nicer. Put that in one hand and spit in the other and see which one fills up first.
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Re: What does the term "ER" mean to U?
Old 06-08-2006, 08:11 PM   #34
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Re: What does the term "ER" mean to U?

Quote:
Originally Posted by Cute Fuzzy Bunny
Sorry, but someone had to make the money first to 'prime' the annuity or 'earn' the social security, or set up and manage the investments.
Exactly.* Annuities and social security benefits are the fruits of labor.* Work by itself is just plain labor.
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Re: What does the term "ER" mean to U?
Old 06-08-2006, 08:21 PM   #35
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Re: What does the term "ER" mean to U?

You're a noodge.
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Re: What does the term "ER" mean to U?
Old 06-09-2006, 08:57 AM   #36
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Re: What does the term "ER" mean to U?

Quote:
Originally Posted by unclemick2
Heh heh heh heh heh heh

At least so far - 13th year of ER. After thirty plus years - Saints Or should I switch to KC?
Now you've really done it. Turned into an atheist.
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Re: What does the term "ER" mean to U?
Old 06-10-2006, 09:19 AM   #37
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Re: What does the term "ER" mean to U?

Quote:
Originally Posted by Cute Fuzzy Bunny
I'm retired if I think I am.

You're retired if you think you are.
cool!!! Ok--I'm retired!!

now, off to work....
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