Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
With a wimper and not a bang?
Old 01-10-2008, 02:08 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Jul 2003
Location: Pasadena CA
Posts: 2,695
With a wimper and not a bang?

I have been plotting my retirement for what seems like a long time now. I have been on this board for 3 ˝ years now. And the day is closing in. My agency is in a financial bind and wanting to downsize. There is a buyout offer which requires that I be out by March 3rd. I was waiting for this, I would have gone already. I sent my application in. I did this last year and it was not approved, I was not on the ‘A’ list; this year I am. It has been an interesting year since I last applied. Everyone thought I was out and gone, after a month or two my application was denied and suddenly the office had to figure out how to reintegrate the ‘zombie’ in their presence. So for the last year I have had a very light workload, my BIL refers to my situation as ‘senior year of high school’. In fact it is so easy and I am essentially a consultant that its actually hard to leave. Good people, OK pay, fast internet access. But I still imagine that spending more time with the kids & grand kids and kayaking will be better.

Youngest son is in his first year of college. DW retired from teaching last year, she is itching for me to join her. DS & I will drive Route 66 from LA to Chicago next week, DW joining us half way through. Probably the last family trip of this kind. DS is growing too fast.

Two of my three retirement concerns have been resolved. My wife has made a terrific transition into her retirement. Youngest son has ended up at an affordable state college, he loves it and is doing well there. My third concern is retiring into a recession. Anyone able to help on that? Seems like my timing is just off. Or maybe I’ll get lucky and find we are currently in a recession and when I start withdrawing from my IRA in a year or two it will have passed.

For my wife retirement has been a big change, she no longer has a class full of kids to deal with. But for me it may not be all that big a change. Instead of spending 4 to 6 hours on the computer at work I will do that at home. Instead of meetings I’ll get to spend more time with DW and MIL (in that specific case, maybe I need to stay at work; boring, even painful meetings are better than MIL).

. There is one trip I have planned for literally 40+ years, to drive up the Dempster Highway to Inuvik in the Canadian Northwest Territories and kayak in the arctic. I bought an old Jeep three years ago just for this trip. This July I actually plan to make it there. Then it may dawn on me that I am actually retired.
__________________

__________________
T.S. Eliot:
Old men ought to be explorers
yakers 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 Early-Retirement.org 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 01-10-2008, 02:21 PM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,068
You can call it a whimper, but retirement by whatever means is still a bang to me!

And as to the 'retiring into a recession', none of us have the luxury of knowing what the future holds - other than the inevitable end. Run, don't walk, to the exit and try not to let that big grin damage your facial muscles.
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 01-10-2008, 03:15 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Purron's Avatar
 
Join Date: Nov 2007
Posts: 5,584
Yakers,

I just retired a week ago. I'm not too concerned about the risk of a recession. We have been through this before and I believe things will get better after the election and when the housing market stabilizes. It sure didn't change my decision to retire!

I love your idea for a trip:

Quote:
Originally Posted by yakers View Post
DS & I will drive Route 66 from LA to Chicago next week, DW joining us half way through. Probably the last family trip of this kind. DS is growing too fast.
Here's a little something to get you in the mood:

__________________
I purr therefore I am.
Purron is offline   Reply With Quote
Old 01-10-2008, 03:19 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
TromboneAl's Avatar
 
Join Date: Jun 2006
Posts: 11,194
Congrats on getting the buyout offer. Recession not a problem -- no excuses!
__________________
Al
TromboneAl is offline   Reply With Quote
Old 01-10-2008, 03:28 PM   #5
Thinks s/he gets paid by the post
Rustic23's Avatar
 
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 3,624
Seems to me if you have the cash for the first 5 years, you should be able to wait out any recession.
__________________
Rustic23 is offline   Reply With Quote
Old 01-10-2008, 06:27 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Posts: 2,119
Quote:
Originally Posted by yakers View Post

. There is one trip I have planned for literally 40+ years, to drive up the Dempster Highway to Inuvik in the Canadian Northwest Territories and kayak in the arctic. I bought an old Jeep three years ago just for this trip. This July I actually plan to make it there. Then it may dawn on me that I am actually retired.

Sweet my friend , do not look back. Go forward with a spring in your step and hey maybe we run into each other next summer. Alaska here I go!
__________________
newguy88 is offline   Reply With Quote
Old 01-10-2008, 08:39 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Apr 2007
Posts: 1,304
Congrats and enjoy ... I don't think you will regret this decision ... the buyout is icing on the cake.
__________________
Life is GREAT!
megacorp-firee is offline   Reply With Quote
Old 01-10-2008, 10:19 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 9,039
Well, I guess I'll quote my mom again when she said, "do the best you can do and you will be satisfied."

There are so many "what ifs" in life. Put that pencil down in March and don't look back. I'm proud of and for you.
__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 01-10-2008, 10:22 PM   #9
Thinks s/he gets paid by the post
Fireup2020's Avatar
 
Join Date: Feb 2007
Posts: 1,186
Have a blast! Congratulations!
__________________
Make no mistake, my friend, it takes more than money to make men rich. - A. P. Gouthey
Fireup2020 is offline   Reply With Quote
Old 01-11-2008, 01:09 AM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Yakers..... Being retired and kayaking go hand in hand and you're going to love having the time to do as much kayaking as you want. On the day I retired, I got home to find DW paddling up our driveway into the garage, she was that ready. Go for it and don't look back.
Attached Images
File Type: jpg Prowler 13.jpg (31.5 KB, 5 views)
__________________

__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Reply


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
Bang! Bang! Bang! Smile!!! LeatherneckPA Health and Early Retirement 30 09-28-2007 06:44 PM
not with a bang but a whimper tozz Young Dreamers 18 10-04-2005 06:25 PM
Going out with a bang Hiss Other topics 16 02-15-2004 04:51 AM

 

 
All times are GMT -6. The time now is 05:52 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.