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Old 04-23-2010, 05:50 PM   #21
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Today the word was out to staff that I was retiring. It looking more firm that I will keep working one day a week. It is interesting to see the different reactions. So far it has all been positive. A few people today were envious. All of that is starting to make it real as more people know.
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Old 04-23-2010, 06:37 PM   #22
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If you can "eat" two years of expenses on the old house why not reduce the price by one year of carry costs to help move it along?
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Old 04-23-2010, 07:11 PM   #23
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It just got listed this week so is just now on the market. That said, we would reduce price quite quickly if it doesn't move quickly.

The real issue with the house that can cause it to take a while to sell isn't the price (it is attractively priced) but the fact that some people just won't want the amenities that it has. It has a guest house, pool, two double garages on 2 acres with extensive fencing including the front yard with a gate. If someone wants those features then the house could sell very quickly priced as it is. But, someone who doesn't want them won't want the house regardless of the price.

In the acreage houses near where I live even with the market was relatively hot it could take a year for a competitively priced house to sell simply because each one was so individual that it really depending on the right buyer coming along.

However when we bought this house it was exactly what we wanted and we put it under contract within 2 weeks of it being listed. So, we'll see.
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Old 04-23-2010, 07:29 PM   #24
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Congratulations Katsmeow!

I retired for a whopping 2 months and 3 days before picking up another part-time contract job at about the same daily rate as you. The market was giving me the butterflies in my stomach more than anything and I think I was so used to being in the accumulating phase I couldn't stomach the thought of actually withdrawing any money from the nest egg. And the golden handcuffs weren't chafing enough, I guess.

I would be willing to place a bet that you don't last past a year part-time or as soon as you sell your house. At least I hope so.

Your expenses seem quite low in some categories like travel, entertainment etc. considering the size of your family. I found the freedom and celebration made mine go up and it turns out I worried for nothing as the investments were > expenses after all. Does your dh have plans for what he's going to do all day?
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Old 04-23-2010, 08:45 PM   #25
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Congrats. What are your non-financial retirement plans?
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Old 04-23-2010, 09:15 PM   #26
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Let me see.

DH has plans for what he'll do...but then I have plans for him

For me...we just bought a 30 year old house that was not been updated at all and so I can see remodeling going on for quite some time.

And we still will have 2 kids at home - one in high school and other in community college. So there are things to be done there.

I have that whole bookcase full of TBR (to be read) books that I thought I would get to someday.

And, of course, maybe I'll finally level my warrior and DK in World of Warcraft.

Get back to working on the Wii Fit and get the treadmill set up (recently moved so lots of stuff not set up yet)

And...

Well let's just say I have lists that are really long of what I'd like to do.

Travel is something that I've enjoyed in the past but ultimately felt was just not worth the high cost. We still will do some vacations but not necessarily every year.
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Old 04-23-2010, 09:28 PM   #27
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I just looked at your gift category $250 for three children plus his grown children and grandchidren and great grandchildren ? Either you give $5 gifts once a year or you way underestimated this category .
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Old 04-23-2010, 11:55 PM   #28
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Oh, when I wrote that I meant $250 a month, not annually. I've actually got that down closer to $100 a month this year.
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Old 04-24-2010, 07:02 AM   #29
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Oh, when I wrote that I meant $250 a month, not annually. I've actually got that down closer to $100 a month this year.

I see now it was per month . I had just finished watching " Men who stare at goats " so my mind was warped . Weird movie ,my daughter picked it .
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Old 04-24-2010, 10:31 AM   #30
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Let me see.

DH has plans for what he'll do...but then I have plans for him

For me...we just bought a 30 year old house that was not been updated at all and so I can see remodeling going on for quite some time.

And we still will have 2 kids at home - one in high school and other in community college. So there are things to be done there.

I have that whole bookcase full of TBR (to be read) books that I thought I would get to someday.

And, of course, maybe I'll finally level my warrior and DK in World of Warcraft.

Get back to working on the Wii Fit and get the treadmill set up (recently moved so lots of stuff not set up yet)

And...

Well let's just say I have lists that are really long of what I'd like to do.

Travel is something that I've enjoyed in the past but ultimately felt was just not worth the high cost. We still will do some vacations but not necessarily every year.
Sounds like you will be busy. When my DW and I retired (4 years apart) we both decided to increase our physical activity levels We both lost 20 lbs (each) and got into skiing and mountain biking. Aso, we spend significant time looking after our parents. 3 of 4 still going. Have fun.
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Old 04-24-2010, 12:26 PM   #31
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I must say, I'm really impressed by how far Katsmeow and her DH have come! Two well paid professionals who really could have been trapped on the treadmill of earning high $$ forever to maintain high spending levels. Instead, you guys have carefully gone through your priorities and taken big steps to free yourselves and studied the financial ramifications carefully.................................Audrey
I agree, Katsmeow has really pulled it together. I admit that after her initial post I thought NFW this is gonna be tough.
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Old 04-24-2010, 01:44 PM   #32
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I must say, I'm really impressed by how far Katsmeow and her DH have come! Two well paid professionals who really could have been trapped on the treadmill of earning high $$ forever to maintain high spending levels. Instead, you guys have carefully gone through your priorities and taken big steps to free yourselves and studied the financial ramifications carefully.
Hey, I think its great they are taking the retirement step but 62 is not really getting out early IMO.
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Old 04-24-2010, 01:46 PM   #33
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Hey, I think its great they are taking the retirement step but 62 is not really getting out early IMO.
Really? Well good thing that I squeeked by at 61, then.

Seriously, 62 seems early to me, since I thought the conventional retirement age was usually 65. Besides, it's Katsmeow's DH who is 62. I believe she is younger.
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Old 04-24-2010, 02:41 PM   #34
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Really? Well good thing that I squeeked by at 61, then.

Seriously, 62 seems early to me, since I thought the conventional retirement age was usually 65. Besides, it's Katsmeow's DH who is 62. I believe she is younger.
You'll have to post on the "Conventional retirement forum" to get any agreement.
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Old 04-24-2010, 03:31 PM   #35
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You'll have to post on the "Conventional retirement forum" to get any agreement.
Hey, when I first arrived here I was feeling pretty unsure as to whether or not I'd be welcome. I hadn't been able to find a "Conventional Retirement Forum" that was as active as this forum and as much fun. When I posted asking about my age someone (CFB, maybe?) told me it was not a problem. So there.
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Old 04-24-2010, 03:32 PM   #36
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Seriously, 62 seems early to me, since I thought the conventional retirement age was usually 65. Besides, it's Katsmeow's DH who is 62. I believe she is younger.
I have a feeling that even retirement at 65 will be a luxury in the decades to come.
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Old 04-24-2010, 03:44 PM   #37
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I have a feeling that even retirement at 65 will be a luxury in the decades to come.
When we start getting new members in their 80's, I'll really worry.
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Old 04-24-2010, 05:18 PM   #38
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Besides, it's Katsmeow's DH who is 62. I believe she is younger.
He is 62, I'm 56. Truthfully, when I first found this forum I was hesitant to post since at that time we thought we wouldn't retire for another 4 years or so. I did look for a "regular" forum that covered similar issues and didn't really. I did find a lot about early retirement though. Until then I had just assumed DH would work until 66 when our daughter would graduate high school and if I was lucky I would retire with him at 60. At that time, I thought that we would need at least 2 million or even more to think about retirement.

Finding this forum was really instrumental in my starting to think about how we could adjust our expenses and our lifestyle to retire earlier. So, yeah, it isn't all that early but it is earlier than I had anticipated.
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Old 04-24-2010, 05:26 PM   #39
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Other that the occasional new member who claims to be a 16 year old from Missoula, I can't recall any poster who wasn't welcomed to this forum to discuss retirement at any age. I see "early" as a relative term and subject to a wide range of interpretation.
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Old 04-24-2010, 06:36 PM   #40
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Congratulations on your impending transition.

A question if I may: how confident are you that the "one day a week" arrangement will in fact be only one day a week? The reason for asking is that I may try to get a similar arrangement for myself when I eventually pull the trigger. So far, the feedback from others I have spoken to is that there tends to be a lot of creepage in the reduced working hours as clients and colleagues keep asking the part timers to "just have a quick look" at something or if they can help out "because we have a situation" outside of the official working hours.

I don't want to end up in a situation where "part time" becomes "almost full time on a part time salary" which kind of defeats the purpose of the exercise.
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