Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 06-29-2009, 05:42 PM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,616
Quote:
Originally Posted by gryffindor View Post
I would love hearing more about what people in their mid-forties are thinking and doing with part-time retirement.
...
The job you had just before going to semi-retirement is probably gonna be the biggest factor here.

My sister is a physician. She cut back to work just one or two days a week and sometimes doesn't even work for an entire month.

I was a VP in a tech company and stopped directly supervising projects to run a couple of projects with my own bare hands. That is, I supervise myself in the skunk works; kinda like being self-employed. I dropped back to about 30 hours a week with only 20 hours in the office. With no people to manage, I went back to working directly on a couple of R&D projects where a big part is software development which can be done from almost anywhere.

It's kinda like being a graduate student again. This was all arranged well ahead of time. I had to propose the projects and show how they would help the company's bottom line.

I will have to keep coming up with little projects or I could end up being fully retired.
__________________

__________________
LOL! 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 06-29-2009, 10:39 PM   #22
Thinks s/he gets paid by the post
charlie's Avatar
 
Join Date: Mar 2004
Location: Dallas
Posts: 1,211
I just hope you have a lot of outside interests. You need something
to "retire to".

Cheers,

charlie
__________________

__________________
charlie is offline   Reply With Quote
Old 06-30-2009, 12:16 AM   #23
Thinks s/he gets paid by the post
Leonidas's Avatar
 
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
Quote:
Originally Posted by tryan View Post
I exited at 43 .. now have 4 years under the belt. The wild card has been healthcare. Started at $583/month (BC/BS for family of 4) ... now pay $914/month. 36% increase in 4 years. This is not pretty.
No that's not pretty at all. I have BC/BS through my former employer, it's quite a bit less than what you're paying but it keeps going up. I just hope I can get the kids grown up and off the policy before it get's too high.
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
Leonidas is offline   Reply With Quote
Old 06-30-2009, 04:50 AM   #24
Confused about dryer sheets
 
Join Date: Nov 2007
Posts: 8
Quote:
Originally Posted by tryan
I exited at 43 .. now have 4 years under the belt. The wild card has been healthcare. Started at $583/month (BC/BS for family of 4) ... now pay $914/month. 36% increase in 4 years. This is not pretty.



I just had a look at our medical insurance, We live in New Zealand, a couple early 40's with kids. We feel fully insured and our combined cost is US$85 per month for what we consider full cover.
I too considered full retirement recently, but instead reduced my working hours by half. We have a sizeable amount of investments and all calculations show we should be right, but I hope I've got another 50 years in me-could my wife put up with me for that long? Would half be enough? Maybe- but not certainly. Also we have young family which limits what we could do.
Since halving my hours life's been a lot more enjoyable. I have time to pursue sports and hobbies. I have dug out my old backpack and gotten short 'leaves of absence' from home to visit distant and exotic places, just a flight in and out, with complete freedom and acts of randomness in between. I help out at my kids school and coach a kids sports team, I even started a biking school bus.
I am glad I still have 1/2 a job, if I gave it all up I think I would feel a bit lost, also 'what would the neighbours think!'
__________________
PaulNZ is offline   Reply With Quote
Old 07-01-2009, 09:34 AM   #25
Full time employment: Posting here.
 
Join Date: May 2007
Posts: 530
Quote:
Originally Posted by gryffindor View Post
I would love hearing more about what people in their mid-forties are thinking and doing with part-time retirement.
I left my full-time career almost two years ago, as I approached age 48. Since then I've worked part-time teaching classes. This amounts to maybe 10-15 hours a week, and I am earning enough to pay all my usual expenses. My plan is to tap into my investment income only for an unexpected expense.

In order to get to this point, I had paid off my mortgage and have no other debt. Admittedly I live a simple lifestyle and don't particularly enjoy travel, so my expenses are low. Despite the big drop in the market that coincided with my "semi-retirement", everything has worked out just fine and I have no regrets.
__________________

__________________
ksr 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
Invest and Stop Working RockOn FIRE and Money 24 07-21-2008 05:57 PM
27, wanting to retire in 40s LiseF Hi, I am... 11 03-21-2008 11:30 AM
Book: Stop Working - Here's How You Can, Derek Foster My Dream FIRE and Money 2 12-05-2006 08:29 AM
Stop working = More college financial aid? LOL! FIRE and Money 60 11-19-2006 01:51 PM
Stories of TRULY YOUNG ERs Under 40s Canadian Girl FIRE and Money 61 05-04-2006 10:14 PM

 

 
All times are GMT -6. The time now is 09:52 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.