|
|
03-31-2010, 04:53 PM
|
#21
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
|
I retired ten years ago. Sleeping is easy it is waking up early that is hard to do.
|
|
|
|
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!
|
03-31-2010, 05:25 PM
|
#22
|
gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
|
Me too ...
|
|
|
03-31-2010, 05:58 PM
|
#23
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2003
Posts: 5,105
|
Quote:
Originally Posted by rescueme
Me too ...
|
Pretty soon the cat people will check in.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
|
|
|
03-31-2010, 06:13 PM
|
#24
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
|
Two dogs, one cat.
heh heh heh - AND Wellesley has already been mentioned - even though I have gone 'uptown'(jan 2006) with Target Retirement on full auto - I still have a tendency to watch SEC portfolio yields. .
|
|
|
03-31-2010, 06:32 PM
|
#25
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
|
Meds...CHECK.
And a mutt as well............
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
|
|
|
03-31-2010, 06:33 PM
|
#26
|
Recycles dryer sheets
Join Date: Aug 2009
Location: Frederick
Posts: 333
|
Quote:
Originally Posted by clifp
I retired ten years ago. Sleeping is easy it is waking up early that is hard to do.
|
I retired 3 months ago and this is exactly right. I guess I'm a quick study..
__________________
I FIREd myself at start of 2010!
|
|
|
03-31-2010, 09:50 PM
|
#27
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2009
Posts: 5,308
|
Quote:
Originally Posted by Dogtrack
So I guess my question is, where do you buy a cast iron stomach, since you must surely need one to retire.
|
I am risk averse so DH and I deciding to retire is indeed daunting. I'm 55 and he is 62. He receives a large lump sum on retirement (in lieu of a non-COLA pension which he could take), is eligible for SS and I plan to work on a very limited basis (about 1 day a week). We are not quite as prepared as W2R. We did pay off debt, and bought a house with no mortgage. We could also cut expenses way below the income we project to have. DH does have subsidized retiree medical insurance that I will also cover me.
OTOH, we haven't yet sold our old house (optimistic it will sell quickl but no guarantee - we have calculated that so long as it sells with 2 years we are OK). We do have dependents (kids in high school/college). Nonetheless we are leaping recognizing that there is some risk but thinking that it is not that great a risk.
|
|
|
04-01-2010, 09:11 PM
|
#28
|
Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 1,502
|
Quote:
Originally Posted by brewer12345
Not much risk of that. We are ready to jump now (although the portfolio isn't).
|
Yep, I'm close enough to my modest trigger point that I'm not even bothering finding another finance job. Just sticking my so-so paying tech job and maybe do a couple of transfers or new jobs with in the next few years before bailing.
|
|
|
04-02-2010, 05:23 AM
|
#29
|
Full time employment: Posting here.
Join Date: Feb 2009
Posts: 886
|
I'm Professor Emeritus and effectively working part time, but my lovely wife is still full time in a senior government position. She is still very hesitant about retiring, so we have shifted to a She works, I do support mode.
I take her to work every day, and I have always done all the cooking in our family. I do all the errands and household tasks. She is willing to take her annual leave, So this year we will go diving in Thailand and the Caymans, visit Turkey ,Alaska and the southwest, and "marry off" our younger daughter.
All that being said, I think the differences is that in my professional work I don't need any "stuff" to be productive. I don't need staff or equipment. I can do it anywhere. She is different. She used to supervise 50 professionals in system development and now does long range planning for the agency. To feel productive she needs "stuff", both people and machines. If she retired she would not have them, so any transition would cut her off from her life's work . We are still working this all out.
|
|
|
04-02-2010, 07:26 AM
|
#30
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2007
Posts: 5,072
|
Dogtrack - As others stated, educating yourself is key to both managing your resources and your confidence. But you do not have to be a financial genius to manage your portfolio and a successful retirement.
IMO - Do not pull the plug until you are confident enough to feel good about it. But, there is always some amount of risk that you will assume.
|
|
|
04-02-2010, 10:11 AM
|
#31
|
Thinks s/he gets paid by the post
Join Date: Jan 2007
Location: Silicon Valley
Posts: 1,812
|
Dogtrack, the only thing that concerns me about your plan is the shifting to utility stocks. I would never have all my eggs in one basket like that. If you are going to hold individual stocks, you need to diversify through a number of sectors.
Personally over the past few years I have been moving from individual stocks to Vanguard funds just to make my life easier. That said, I do hold about 6 individual stocks which I have kept mainly because they are high dividend earners.
__________________
I be a girl, he's a boy. Think I maybe FIRED since July 08. Mid 40s, no kidlets. Actually am totally clueless as to what is going on with DH.
|
|
|
04-03-2010, 07:07 AM
|
#32
|
Confused about dryer sheets
Join Date: Mar 2010
Posts: 5
|
Want to thank all that responded to this. Some interesting comments and insights were offered. What I seem to take away most from them all, is that there is no 'good' or 'bad' time to retire. No matter when you do (retire) there will be bumps in the road, challenges to your assumptions, etc.
I'm beginning to view retirement as a bungee jump, do as much measuring and planning as you want/must, then cross your fingers and.......jump.
|
|
|
04-03-2010, 07:14 AM
|
#33
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2008
Posts: 13,143
|
Yes, for most of us, when to retire is a leap of faith that we can make it. But I'd rather bungee jump knowing that I had measured and planned on tying the bungee cord than not preparing and just jumping and hoping that it'll all work out.
|
|
|
04-03-2010, 07:56 AM
|
#34
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,141
|
I think a lot of us think that it is better to retire at a market trough (if you can still afford it) rather than at a market peak.
But then, how do you know when you are at either - you don't!
Audrey
__________________
Retired since summer 1999.
|
|
|
04-03-2010, 08:09 AM
|
#35
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2003
Posts: 5,105
|
Quote:
Originally Posted by Dogtrack
Want to thank all that responded to this. Some interesting comments and insights were offered. What I seem to take away most from them all, is that there is no 'good' or 'bad' time to retire. No matter when you do (retire) there will be bumps in the road, challenges to your assumptions, etc.
I'm beginning to view retirement as a bungee jump, do as much measuring and planning as you want/must, then cross your fingers and.......jump.
|
You're welcome. I would say it is more like jumping off a high diving board into a swimming pool. Think too much and you might not do it. Follow the coach's instructions and you'll be fine. Once in the water, you'll have a big smile on your face and be enjoying yourself.
Come on in - the water is fine.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
|
|
|
04-03-2010, 01:02 PM
|
#36
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Quote:
Originally Posted by Dogtrack
So I guess my question is, where do you buy a cast iron stomach, since you must surely need one to retire.
|
If I ever find the one I misplaced in 2008-2009, I'll see if there is an 800 number on it to offer you.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|