Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
OMM
Old 06-05-2016, 04:16 PM   #1
Recycles dryer sheets
 
Join Date: Dec 2013
Location: Georgia
Posts: 88
OMM

Awhile back I moved my date form 3/1/16 to 7/5/16 to be eligible for this year's bonus. I have yet to give notice and have actually put in request for vacation for the week of 7/11/16. Guess this means I plan to still be w@#rking then.

I find myself in a situation where the work is easy now in my downsized role. (My job was eliminated last year and I was offered a package or a none managerial role as a choice. I wrote about this in an earlier thread.) I supervise no one and a rarely work more than 40 hours per week and I still make the same salary as I did when I had the more stressful role. Most of the time I am left alone as they know I can leave any time as I have now turned 55 and have the 75 points to retire. I also, have my whole weekend to do what I want as I rarely have to even look at email now.

The thing is I am having trouble pulling the trigger now. I look at the calendar and see another milestone. If I stay until October, the bonus will be in the bank. If I stay until the end of December, I will get the 6% from the MC added to my 401K. You get the idea. The thing is, its really not about the money.

When I was totally stressed and ready to go, I wasn't financially ready. Now I have the financial plan, but I can't put in my notice.(I have used firecalc and probably 6 other calculators, they all say I am good.)

On the other hand by not retiring I am limiting my travel to one week periods and I am only able to do what I want on weekends instead of any time I want.

I guess I need to get this out there, so I can figure what I am doing.
__________________

__________________
Sasset 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 06-05-2016, 04:21 PM   #2
Thinks s/he gets paid by the post
Sunset's Avatar
 
Join Date: Jul 2014
Location: Chicago
Posts: 4,723
If you don't have a plan for retirement, then really I don't see anything wrong with what you are doing.

Worst thing would be to retire, and then sit in the house watching tv.
__________________

__________________
Sunset is online now   Reply With Quote
Old 06-05-2016, 04:25 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
braumeister's Avatar
 
Join Date: Feb 2010
Location: Northern Kentucky
Posts: 8,596
Try one (or both) of these:

Imagine your company suddenly had to economize in a big way and eliminated your job tomorrow. How would you feel?

Imagine you went in for your medical checkup and were told you had a year to live, although you would be in good shape for almost all of that year. What would you do?

Your reluctance to give up what you've done for so long is natural and understandable. But it would be wise to do some deep thinking about it. You may decide it's right to keep on keeping on. Or you may not.
__________________
braumeister is online now   Reply With Quote
Old 06-05-2016, 05:21 PM   #4
Recycles dryer sheets
 
Join Date: Sep 2011
Location: MSP
Posts: 270
Quote:
Originally Posted by Sasset View Post
The thing is I am having trouble pulling the trigger now. I look at the calendar and see another milestone.


Quote:
Originally Posted by braumeister View Post
Your reluctance to give up what you've done for so long is natural and understandable. But it would be wise to do some deep thinking about it. You may decide it's right to keep on keeping on. Or you may not.

Sasset, I've been playing the OMY/OMM game for way longer than I'd ever expected after switching to telecommuting 5 yrs ago, then going PT 2 yrs ago, and now fully retiring in about 2 months.

What I find interesting is the degree to which I've enjoyed reaching for the next milestone. And the path is strewn with them both on and off the job. So shortly my only remaining milestones will be those non-job ones such as Medicare and delayed SS at 70. (I guess there is that pesky 70.5 but I'd hardly call that a milestone.)

You sound like you're in a pretty good spot and neither decision sounds like it would necessarily be "wrong". But when you do finally pull the trigger, just know that you won't be out of milestones or timing decisions to make. Plus you probably already know this but if you particularly like math, the retirement phase involves more than enough to keep you entertained.
__________________
UpAnchor is offline   Reply With Quote
Old 06-05-2016, 05:40 PM   #5
Thinks s/he gets paid by the post
RobbieB's Avatar
 
Join Date: Mar 2016
Location: Central CA
Posts: 2,476
If you like your job and you're gonna get a lot of dough if you stay until the end of the year why not stay?
__________________
Retired at 59 in 2014. Should have done it sooner but I worried too much.
RobbieB is online now   Reply With Quote
Old 06-05-2016, 05:46 PM   #6
Recycles dryer sheets
pullmyfinger's Avatar
 
Join Date: Jun 2008
Location: Redmond
Posts: 253
Quote:
Originally Posted by RobbieB View Post
If you like your job and you're gonna get a lot of dough if you stay until the end of the year why not stay?
That's what I'd do. You don't have to leave at any particular time.
__________________
Retired in 2014 at 45.
pullmyfinger is offline   Reply With Quote
Old 06-05-2016, 06:26 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,017
There is a difference between financial and psychological readiness. When you feel ready, you will know. Until then, just carry on.
__________________
Meadbh is offline   Reply With Quote
Old 06-06-2016, 09:58 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,717
Send a message via Skype™ to kcowan
Yes several of my workmates reached mandatory retirement age ans died within a year after being kicked out. Be sure you are ready and willing to pursue your next life. No one will look to your for your expertise except for free. But you will no longer care. It is not automatic but will be an easy transition if you are ready.
__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 06-06-2016, 10:13 AM   #9
Recycles dryer sheets
 
Join Date: Apr 2011
Location: Castro Valley
Posts: 400
I would say not worry about it. If you want to stay one more month, three months or one year. No problem, stay! You will know when the time comes that you really want to leave.
__________________
jkern is offline   Reply With Quote
Old 06-07-2016, 06:52 AM   #10
Recycles dryer sheets
 
Join Date: Dec 2013
Location: Georgia
Posts: 88
Thanks for all of your input. I have debating what to do, but for now will just keep on keeping on!
__________________
Sasset is offline   Reply With Quote
Old 06-07-2016, 07:25 AM   #11
Thinks s/he gets paid by the post
DFW_M5's Avatar
 
Join Date: Sep 2003
Posts: 4,982
If you enjoy work more than you think you would enjoy retirement, I'd keep working. When the desire to retire outweighs the other, if financially ready, make the change.
__________________
Doing things today that others won't, to do things tomorrow that others can't. Of course I'm referring to workouts, not robbing banks.
DFW_M5 is offline   Reply With Quote
Old 06-07-2016, 08:45 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,879
Quote:
Originally Posted by DFW_M5 View Post
If you enjoy work more than you think you would enjoy retirement, I'd keep working. When the desire to retire outweighs the other, if financially ready, make the change.
+1 It is all about being happy. If you are happy, keep doing what you are doing. If they mess with you (new jerk boss, threaten layoffs, bad assignment) - leave.
__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 06-07-2016, 10:50 AM   #13
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,852
There's always SOMETHING a few months ahead to wait for.

I retired on November 9th (2009), but "everybody knows" that it is better for a federal employee in the FERS system to retire on the first working day in January.

If I had waited until the first week in January, I would have a slightly higher pension and I would have been able to contribute to the TSP in 2010 as well. Oh well!

If I had stayed until January, I would have noticed that my pension would be quite a bit higher had I waited until June when I turned 62.

There is always another financial reason to keep working a few more months. I didn't, and I haven't regretted it even slightly. Once you are sure that your financial plan is on solid footing and that you are financially ready, then all that remains is whether or not you are emotionally ready. When both of those line up and point to retirement, it's time (IMO).
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 06-07-2016, 09:26 PM   #14
Thinks s/he gets paid by the post
 
Join Date: Oct 2008
Location: Naples
Posts: 2,161
As Sunset mentioned, you better have a plan for when you do retire. Even a bad plan is better than no plan. Sounds like the "new" job is a great situation. Why not stick around until someone brings it to your attention that it's time to get out the door. Planning is everything right now.
__________________

__________________
JOHNNIE36 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
Lump Sum - OMM or not? fishndad42 FIRE and Money 8 03-16-2016 08:23 PM

 

 
All times are GMT -6. The time now is 04:53 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.