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Old 06-05-2008, 12:47 PM   #21
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and...



You both had me laughing out loud right in the middle of a critical neurosurgical procedure on a VIP here in Tampa. I gotta stop browsing the forum in the operating room... Why, I had no idea I'd catch just a little flack for that post.
Wow. I knew I checked in at this forum during work and occasionally I've had to cough through surpressed laughter sometimes, but I hadn't thought surgeons did, too. I guess we really do have internet access everywhere these days!
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Old 06-05-2008, 12:58 PM   #22
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Have you read the "one more year" thread? Iím in the same position but have a much lighter parachute. Wait a minute, this is a philosophical problem: go to the top of the mountain, see the guru, then jump, either the parachute will open or it wonít.
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Old 06-05-2008, 01:16 PM   #23
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Wow. I knew I checked in at this forum during work and occasionally I've had to cough through surpressed laughter sometimes, but I hadn't thought surgeons did, too. I guess we really do have internet access everywhere these days!


Happily for my poor patients, I'm not a surgeon. But I wouldn't dream of surfing during a boring meeting, or lunch, or between projects...
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Old 06-05-2008, 02:42 PM   #24
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As my FIRE timer winds down (OK, it's still a little vague but it is still ticking ), one scenario is that things will be economically similar 6-12 months from now to how they are now.

At that point, the nest egg won't be quite as fat as I might have hoped but I would have been buying-in low for a year or more. I'd have plenty of cash on hand because that was the plan right along. No debts, probably a fun but modest part-time gig a couple days a week. I can weather 10-15 years without selling stocks if need be. Health insurance is assured, albeit on my own very heavy nickel. Plan to downsize but that can wait a few years.

I know the pundits say the scenario-from-hell is to retire smack into a recession or long bear market. I understand the arithmetic, but somehow it doesn't seem so bad (unless there's a serious once-in-a-century depression).

Am I missing something?
IMO deja vu
... and you have to make a real decision that is not financially related (since you have that part of it 'set'). ... and I agree with you ... it's not that bad. ... but you have to do what you WANT TO DO.

one of my Dr. friends LOVES what he is doing and wants to die with the stethescope around his neck. ... to each to his own

See you next year Rich
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Old 06-05-2008, 04:48 PM   #25
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Why is it we medical folk have such a hard time retiring but the mega corps can't wait to leave ??
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Old 06-05-2008, 04:49 PM   #26
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Why is it we medical folk have such a hard time retiring but the mega corps can't wait to leave ??
Cause we like our jobs?
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Old 06-05-2008, 04:56 PM   #27
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Why is it we medical folk have such a hard time retiring but the mega corps can't wait to leave ??
I'll tell you my "opinion". I retired from a large multi-national company last year, with almost 30 years of service. The last 10 years were spent "dreaming of ER".

In retirement, I do volunteer work (meals-on-wheels) 2x week, in which I deliver to home-bound, disabled, aged folks.

I can't tell you of the number of people who tell me "thanks" for delivering their meal. Not once (that I could remember) did I get a "thanks" in the normal corporate world. If anybody complained, management would respond with "you get your thanks at the end of the month" (on payday).

I don't get "paid" for my "work" in delivering meals, but the "benefits" (a smile and a "thanks") are well worth my effort.

I would think that medical personnel have more "human interaction". That makes a difference.

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Old 06-05-2008, 06:16 PM   #28
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You both had me laughing out loud right in the middle of a critical neurosurgical procedure on a VIP here in Tampa.
There go the piano lessons.
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Old 06-05-2008, 06:32 PM   #29
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I'll bet that the greater danger is to retire on marginal assets with everything going well just before a recession hits.

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Soon to be 90% retired
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Old 06-05-2008, 07:06 PM   #30
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I don't get "paid" for my "work" in delivering meals, but the "benefits" (a smile and a "thanks") are well worth my effort.

I would think that medical personnel have more "human interaction". That makes a difference.
Well said, Ron. It is a huge factor, at least for some of us. My guess that they're thanking you as much for the brief social encounter as for the food.
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Old 06-05-2008, 08:26 PM   #31
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Why is it we medical folk have such a hard time retiring but the mega corps can't wait to leave ??
Because only someone who really, really wants to be a doctor and stay one would go through so many years of schooling and wade through so much bull caca nonsense in order to become one. In contrast, any retard with a BA from Clown College State University can work for megacorp.
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Old 06-06-2008, 09:05 AM   #32
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If it doesn't work out, I'm sure Andy can change your handle to Poor_in_Tampa =)

Also, it might be worthwhile to check out late-retirement.org. I hear they help with coming up with reasons to work into your 80's.
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Old 06-06-2008, 09:32 AM   #33
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Also, it might be worthwhile to check out late-retirement.org. I hear they help with coming up with reasons to work into your 80's.
Now that's funny.

BTW, in my profession and generation, age 60 is considered suitable for premature-retirement.org. I will probably be the first one to ESR that young in recent memory in my institution.

If I retire that young...
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Old 06-06-2008, 10:39 AM   #34
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Now that's funny.

BTW, in my profession and generation, age 60 is considered suitable for premature-retirement.org. I will probably be the first one to ESR that young in recent memory in my institution.

If I retire that young...
If you wait a year and a half longer than that, then you'll retire older than even me. Now that's old!! At least, I am beginning to feel old. I wish I could retire younger than that, but I'll be 61.5 when that lifetime medical finally falls into place for me.

Besides, don't you already qualify as having ESR'd, given that you're 10% retired now?
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Old 06-06-2008, 10:40 AM   #35
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My 2 pfennigs

Life is about the pursuit of happiness, not the pursuit of money. Money is just a tool used to help achieve happiness.[/quote]

My personal mantra.

Being a newbie here, I have read many of your threads along with Rewahoo, Finance Dude, Moemg, Milton, and many others, picking up gems of ideas in most cases, some of which I had not even considered before. I feel I am now more prepared to end my working career at the end of this year. I have changed my AA to mirror a lot of the advice I have picked up here, and which I think are reasonable and quite logical being an avid DIY.

IMHO you are so well prepared, I sorta envy you. FWIW, just do it!!!
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Old 06-06-2008, 11:08 AM   #36
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Besides, don't you already qualify as having ESR'd, given that you're 10% retired now?
I think so, but no one gives me credit for it except the grandkids, who enjoy my rendition of Buzz Lightyear on those extra days off .
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Old 06-06-2008, 12:56 PM   #37
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I think so, but no one gives me credit for it except the grandkids, who enjoy my rendition of Buzz Lightyear on those extra days off .
Well - you've been "spaced out" :

NASA to put Buzz Lightyear on International Space Station | Crave, the gadget blog - CNET

- Ron
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Old 06-08-2008, 10:12 AM   #38
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I can weather 10-15 years without selling stocks if need be. Health insurance is assured, albeit on my own very heavy nickel. Plan to downsize but that can wait a few years.
I know the pundits say the scenario-from-hell is to retire smack into a recession or long bear market. I understand the arithmetic, but somehow it doesn't seem so bad (unless there's a serious once-in-a-century depression).
Am I missing something?
What REWahoo said. The only thing you're missing is the angels with the trumpets and the heavenly choir performing that classic serenade of "It's OK to retire now".

You're saying that the worst is here and you're doing OK. It sounds like confirmation that all of your planning is working. If it's working now, then hypothetically a recession is the best time to ER-- before Congress cuts your TRICARE & Medicare reimbursments again.

We retired in June 2002 and got to watch the stock market tank again in July & Oct... before watching the war start. (Ironically we were on family vacations for all three of those events.) We had a couple intense discussions about asset allocation but we hung in there and life has been really really good since then.

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So, everyone seems to be saying not to worry. Let me mull that over for a year or two - probably things will change by then, and I can add another layer of protection. You never know...
The heck with that-- this recession is nothin' compared to history. If you want to really take your portfolio for a test drive then plug in 1966-1982 and see how the the final number comes out. I believe that chronic anemia was far worse than even the Depression's hemorrhages...

If you're retiring at the rate of 10% per year then this may be a case of that incredibly rare phenomenon, "Just One More Decade Syndrome"! What other sign are you waiting for?

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You both had me laughing out loud right in the middle of a critical neurosurgical procedure on a VIP here in Tampa.
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There go the piano lessons.
Or maybe they're gonna have to start all over again...
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Old 06-08-2008, 10:32 AM   #39
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Yes; regardless of your portfolio, every day you decide not to retire is another day that you loose doing what you want to do (assuming you rather not be at your current j*b).

Life is finite. Sometimes you have to look at your time left as having value, day by day. Every day you "loose a little".

I've used this cartoon more than once. It says it all...

- Ron
Now that is one awesome cartoon!!
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Old 06-08-2008, 10:48 AM   #40
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My decision to ER was driven by the experience of my Dad. He worked until 65 then experienced Mom die of breast cancer within a month. Then lived on his own for another 30 years. I vowed to "budget" for 25 years retirement after 35 years of being gainfully employed.

It was 2002 and the portfolio had been declining for two years. So far so good...
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