Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
I just retired...well, kinda sort of
Old 02-18-2011, 06:58 PM   #1
Dryer sheet wannabe
 
Join Date: Feb 2007
Posts: 22
I just retired...well, kinda sort of

All,

I am now on terminal leave from the U.S. Air Force...my "official" retirement date is May 1st. Holy cow, the past 22 years have just flown by I tell ya!

I wanted to take a moment to thank everyone here on E-R.org for their sage advice (either directly via e-mail/PM or through the myriad of helpful links on the site)...especially Nords who, as a fellow military retiree, knows full well the bittersweet emotions you feel when you first hang it up. Can't wait for the book Nords!

I'll be 41 in May, have close to 200K in savings/investments, no debt or mortgage and will net a COLA'd pension around $1900/mo for the rest of my life. I am also in the running for a GS-6 position doing what I just did for 22 years. Although I'd love to stop working altogether, an enlisted pension is something you can't live off without supplemental income, especially in California.

Again, thanks to all of you who constantly post your personal stories and helpful links to inspire those of us who truly want to get out of the "rat race" as early as possible...maybe now I'll actually have the time to post some words of wisdom to fellow ER wannabes

Peace!

Jim
__________________

__________________
jimbohoward69 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 02-18-2011, 07:06 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: 42,094
Jim, congratulations and thank you for your many years of service.

One question - is there a missing zero or should there be a mo instead of a yr in the quote below? Sure hope so...

Quote:
Originally Posted by jimbohoward69 View Post
... a COLA'd pension around $1900/yr...
__________________

__________________
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 02-18-2011, 07:10 PM   #3
Dryer sheet wannabe
 
Join Date: Feb 2007
Posts: 22
Quote:
Originally Posted by REWahoo View Post
Jim, congratulations and thank you for your many years of service.

One question - is there a missing zero or should there be a mo instead of a yr in the quote below? Sure hope so...
Thank you my friend...and yes, my "monthly" pension has been corrected
__________________
jimbohoward69 is offline   Reply With Quote
Old 02-18-2011, 08:21 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Purron's Avatar
 
Join Date: Nov 2007
Posts: 5,584
Yeah, Nords is one special dude. I could not have given you the same sage advice he did since I haven't walked in your shoes. Wishing you all the best. Please keep us posted on your journey.
__________________
I purr therefore I am.
Purron is offline   Reply With Quote
Old 02-18-2011, 08:49 PM   #5
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: 42,094
Quote:
Originally Posted by Purron View Post
Yeah, Nords is one special dude.
Did you say that in your "Church Lady" voice?
__________________
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 02-19-2011, 03:57 AM   #6
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
Congratulations Jim. I agree Nords' advice is great.
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 02-19-2011, 10:34 AM   #7
Thinks s/he gets paid by the post
 
Join Date: Feb 2011
Posts: 1,629
I'm new to ER (1st post), but thanks for your AF service.
And congrats on your AF retirement. Not a bad deal to have youth, a bit of guaranteed COLA'd income, AND health insurance (HUGE issue for many ER's).
All the Best!
__________________
ERhoosier is offline   Reply With Quote
Old 02-19-2011, 06:32 PM   #8
Full time employment: Posting here.
Dog's Avatar
 
Join Date: Apr 2006
Posts: 781
Congratulations!!! And thank you for your service.
__________________
Dog is offline   Reply With Quote
Old 02-19-2011, 08:14 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Purron's Avatar
 
Join Date: Nov 2007
Posts: 5,584
Quote:
Originally Posted by REWahoo View Post
Did you say that in your "Church Lady" voice?
Nope. My Tom Waits voice.

Props to mh for posting this

Songs of 2011 R&R Hall inductees
__________________
I purr therefore I am.
Purron is offline   Reply With Quote
Old 02-21-2011, 11:43 AM   #10
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Glad you decloaked, Jim, and congratulations!

Check your e-mail. You'll also have to keep us posted on your "lessons learned" and your "Whaddya DO all day experiences"...

So-- do you surf?
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 02-28-2011, 01:27 AM   #11
Dryer sheet wannabe
 
Join Date: Feb 2007
Posts: 22
Quote:
Originally Posted by Nords View Post

Check your e-mail. You'll also have to keep us posted on your "lessons learned" and your "Whaddya DO all day experiences"...

So-- do you surf?
Thanks for the e-mail Senor Nords...I will be getting back to you in the coming week or two. I used to surf and body board when I was stationed in Cocoa Beach, FL but have since graduated to snowboarding after having lived in Washington state for 7 years...and currently residing 3 hours from Tahoe

It's only been a week and two days and I'm still trying to wrap my arms around the concept that I'm done with the military. I really haven't done much of anything except grocery shop, clean and some other uneventful things...but I guess that's what it's all about...I can do these things whenever I want

I do have a quite a bit of travel scheduled in March/April, which will take me to my official retirement date of May 1st. I'm still on the fence about continuing with my federal job search or going back to school to get a 2nd Bachelors degree (Financial Services) that will trump my first one from a no-name school with a no-name major. The Post 9/11 G.I. Bill is fabulous and I can probably live off of that and my pension for a couple of years.

Unfortunately, my blood pressure has been high lately. The week of my ceremony and final outprocessing, I could feel a slight tightness in my chest that just wouldn't go away...I chalked it up to anxiety and it more or less went away after I punched the clock. However, as I've been looking for new employment, I still get that same tightness every so often. On the contrary, when I research schools/programs/locations (or am NOT working on my resume), I don't get that feeling and actually fell a bit "giddy". 22 years of hard living has a lot to do with my elevated BP but the "fog of the future" isn't helping either.

Unfortunately, I know I won't be able to continue on as a "career student" but the thought of going back to school and learning about a field I've always been passionate about (along with managing my own investments) is exciting!

That's all for now...I'll keep you posted on what transpires next. I've already submitted a couple of applications for the summer semester timeframe (Jun-Jul) and will be going to the doctor each day this week to get a baseline BP reading. Keep your fingers crosssed!

Thanks to all of you for making this community a great place! I'm still early on in my journey but your ideas and advice along the way have helped me immensely.
__________________
jimbohoward69 is offline   Reply With Quote
Old 02-28-2011, 11:40 AM   #12
Full time employment: Posting here.
 
Join Date: Sep 2002
Posts: 538
Congrats I am 4-7 months behind you with 21yrs TOS. I am really interested to hear what you are going thru. I know the roller coaster I am on and from what you have said so far mine seems about normal

Tomcat98
__________________
JDARNELL is offline   Reply With Quote
Old 03-01-2011, 10:31 PM   #13
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Originally Posted by jimbohoward69 View Post
I'm still on the fence about continuing with my federal job search or going back to school to get a 2nd Bachelors degree (Financial Services) that will trump my first one from a no-name school with a no-name major. The Post 9/11 G.I. Bill is fabulous and I can probably live off of that and my pension for a couple of years.
Look up posts here by "Boxkicker". That's exactly what he did while working part-time and weekends. He retired with almost zero savings and spent at least the next year using the GI Bill with his pension. You might even want to send him a PM or an e-mail for an update.

Quote:
Originally Posted by jimbohoward69 View Post
Unfortunately, my blood pressure has been high lately. The week of my ceremony and final outprocessing, I could feel a slight tightness in my chest that just wouldn't go away...I chalked it up to anxiety and it more or less went away after I punched the clock. However, as I've been looking for new employment, I still get that same tightness every so often. On the contrary, when I research schools/programs/locations (or am NOT working on my resume), I don't get that feeling and actually fell a bit "giddy". 22 years of hard living has a lot to do with my elevated BP but the "fog of the future" isn't helping either.
I was borderline when I ER'd and today I'm routinely around 110/65. I suspect that ER tends to have a calming effect on your body's stressors-- especially the parts where you get to control most of your own life & schedule. So although you may get a lot of medications thrown at you, and although that may be a necessary step, you'll probably be able to do a lot with diet, exercise, and the general lower-pressure ER lifestyle.

I've thought about snowboarding but I have a lot of trouble getting past that first syllable. I've heard that it's all about the front foot while surfing is more about the back foot, so that'd certainly be a change of pace.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 03-02-2011, 09:00 PM   #14
Dryer sheet wannabe
 
Join Date: Sep 2010
Posts: 10
Quote:
Originally Posted by jimbohoward69 View Post
Although I'd love to stop working altogether, an enlisted pension is something you can't live off without supplemental income, especially in California.
I'm confused. Why can't you live off the pension without supplemental income?
__________________

__________________
Frost 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
Bats are kinda cool.... hankster Other topics 27 04-14-2011 10:18 AM
Well.............I'm back....kinda......... FinanceDude Other topics 31 10-11-2009 01:43 AM
Are You Kinda Famous Or Know Someone Who Is Danny Other topics 168 10-16-2008 12:33 AM
Well, This Is Kinda Funny.........:) FinanceDude Other topics 0 11-14-2006 01:29 AM
OK.............Kinda Funny......... FinanceDude Other topics 2 11-09-2006 12:14 PM

 

 
All times are GMT -6. The time now is 11:56 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.