Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
The Case against Retirement
Old 12-14-2009, 10:48 AM   #1
Thinks s/he gets paid by the post
MasterBlaster's Avatar
 
Join Date: Jun 2005
Posts: 4,359
The Case against Retirement

Pontificate por favor:

The case against retirement - MSN Money

<Surveys show that a majority of baby boomers say they want to work during their golden years. They're going to get their wish. The key question is no longer "How early can I retire?" It's "Why retire?" >
__________________

__________________
MasterBlaster 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 12-14-2009, 11:10 AM   #2
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,949
Now THERE's an article that's going to be popular on this forum! (not!!)

Obviously I think he is full of baloney. I love retired life so far, and see no reason to ever dislike being able to choose how I want to spend my time.

Sometimes I think that articles like this are a failed attempt to persuade baby boomers to never quit their jobs. Sorry! Ain't gonna work for me, and I am going to start getting (rather than contributing to) Social Security in a few years and I won't regret that for a moment.
__________________

__________________
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 12-14-2009, 11:23 AM   #3
Confused about dryer sheets
 
Join Date: May 2009
Location: Surprise
Posts: 2
Articles like this is what discourages people from looking at inexpensive alternatives to retirement.

I would rather retire cheaply than continue to work...how about you?

I retired at 49, am now 64...still retired, by reducing my spending.

It hasn't been a lot of fun though...living on a sailboat, fulltime RVing, living in foreign countries.

When are folks going to wake up and make age the first thing to consider when retiring.
__________________
shadowtime is offline   Reply With Quote
Old 12-14-2009, 11:43 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,627
Quote:
Originally Posted by shadowtime View Post
When are folks going to wake up and make age the first thing to consider when retiring.
As soon as they figure out they have enough money/investments to retire at that age and still cover their expenses and healthcare.
__________________
LOL! is offline   Reply With Quote
Old 12-14-2009, 12:06 PM   #5
Moderator Emeritus
CuppaJoe's Avatar
 
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,866
Quote:
Originally Posted by W2R View Post
Now THERE's an article that's going to be popular on this forum! (not!!)

Obviously I think he is full of baloney...
Yes, baloney. Oddly, I craved baloney recently and made a poor boy sandwich; that's as close to the working life as I care to get. I used to eat that on stressful work days.

Thanks for excerpting that, MB:
Quote:
...The key question is no longer "How early can I retire?" It's "Why retire?
The real question is “Why read MSN Money?” I guess cuz the dog can’t shred an e-zine, we’ll have to do it here.

Welcome, Shawdowtime, great first post. May all those dull activities leave you a few moments to post here.
__________________
CuppaJoe is offline   Reply With Quote
Old 12-14-2009, 12:07 PM   #6
Confused about dryer sheets
 
Join Date: May 2009
Location: Surprise
Posts: 2
That is my point...why not look at ways of reducing expenses including healthcare.

If you do you may find yourself a lot closer to retirement than you think.

Focusing only only money and investments is not what retirement should be about.
__________________
shadowtime is offline   Reply With Quote
Old 12-14-2009, 12:30 PM   #7
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
There's really nothing "wrong" with people who can't retire early. People end up having to work into their 70s as a result of all kinds of circustances: bad luck, bad choices, bad circumstances, and sometimes excessive generosity to others. Preventable or not, it is what it is.

Maybe it's just the nature of my job, but I see too many people in financial (and other) misfortune every day for me to feel smug about their need to keep working. There's a story behind each one, often worth hearing.

Of course, then there are the idiots, but that's another thread .
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Old 12-14-2009, 12:36 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 9,039
Quote:
Originally Posted by Rich_in_Tampa View Post
Maybe it's just the nature of my job, but I see too many people in financial (and other) misfortune every day for me to feel smug about their need to keep working. There's a story behind each one, often worth hearing.
Yeppers...or as I would say, "Walk a few miles in my boots..."
__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 12-14-2009, 12:50 PM   #9
Thinks s/he gets paid by the post
 
Join Date: Nov 2009
Posts: 3,873
Terrible article. What about people who (like me) had a lousy and long commute? Even working only 2 days a week in my last 17 months of working (2007-2008), the whole morning routine including the commute to work made me nauseous. I needed to end the misery which meant retiring (at age 45).

At my old company, I could cash out my company stock (worth about $300k) only if I stopped working there. For the last few years of working there, my only thought was "Why am I still working?" and not, "Why am I still working here?"

Once all the pieces fell into place with regard to my retirement income and expenses (i.e. affordable health insurance), I gave them my resignation.

Best move I ever made.
__________________
scrabbler1 is offline   Reply With Quote
Old 12-14-2009, 01:20 PM   #10
Full time employment: Posting here.
friar1610's Avatar
 
Join Date: Jun 2002
Posts: 824
<Surveys show that a majority of baby boomers say they want to work during their golden years. They're going to get their wish. The key question is no longer "How early can I retire?" It's "Why retire?" >[/QUOTE]

A lot of the article I've read about boomers who want to work in retirement are along these lines: So and so and his wife are really into wine, baking bread, books or whatever. So they want to cash out of the job with megacorp so they can turn their attention to a vineyard, bakery, independent book store or whatever. It's hard to tell from those articles if the folks really want to [I]work /I] per se or if they want to pursue an interest which is most logically pursued through a job.
__________________
friar1610
friar1610 is offline   Reply With Quote
Old 12-14-2009, 01:23 PM   #11
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
Those who can retire, do.

Those who can't, either make excuses or write articles such as this, IMHO ...

BTW, I retired (maybe not early, but before the age of 60). I have no regrets and don't feel the loss of anything.

May others find themselves as contented as I am in my life...
__________________
rescueme is offline   Reply With Quote
Old 12-14-2009, 01:42 PM   #12
Thinks s/he gets paid by the post
Goonie's Avatar
 
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,198
OK....granted, there are those who will need to work past their normal retirement age due to their individual circumstances. That I understand and accept with no problem. There are also those who want to keep working for whatever reason....they like what they do, they do it to keep from getting bored, whatever. Again, I understand and accept that with no problem.

However....the author states:
Quote:
Surveys show that a majority of baby boomers say they want to work during their golden years. They're going to get their wish. The key question is no longer "How early can I retire?" It's "Why retire?" (emphasis added)
......Ummmm, a majority wants to keep working??

I'd really like to read the wording of the questions on those surveys! I wonder if they were like, "When you reach retirement age would you want to eat out of dumpsters and live in a cardboard box, or would you want to continue working instead?" Because, and I may be totally wrong, I find it very difficult to believe that a majority want to keep working. In fact, in my own little realm of friends and acquaintances, I've found no one that wants to keep working...zilch...nada...zero!!!


Or maybe it's just that the author of the article doesn't grasp the difference between "want to" and "need to". Or perhaps I'm from another planet in another solar system and I just don't "get it"...or else maybe my thinking is warped and twisted beyond the acceptable limits when it comes to things related to retirement. (it's a 'given' that I'm warped & twisted in regards to most things anyway! )
__________________
Goonie is offline   Reply With Quote
Old 12-14-2009, 02:01 PM   #13
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Quote:
Originally Posted by Goonie View Post
However....the author states:......Ummmm, a majority wants to keep working??
Maybe he means that they want to keep working so they don't go bankrupt, i.e. they need to keep working. It really is vaguely written.

I guess the acid test would be to see what percentage of those who are truly FI choose to work for other reasons.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Old 12-14-2009, 02:35 PM   #14
Thinks s/he gets paid by the post
Goonie's Avatar
 
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,198
Quote:
Originally Posted by Rich_in_Tampa View Post
Maybe he means that they want to keep working so they don't go bankrupt, i.e. they need to keep working. It really is vaguely written.

I guess the acid test would be to see what percentage of those who are truly FI choose to work for other reasons.
Yep, that's what I was thinking. It would have been better if he had clarified whether he actually meant "want" or if he really meant to say "need". Because I could understand if a majority had said they "need" to keep working, but not a majority saying they actually "want" to keep working. But, as it's written, it does give hope to those that "need" to keep working....it gives them the security of thinking that most everyone is in the same boat they are....even if it may possibly be a false hope and sense of security.
__________________
Goonie is offline   Reply With Quote
Old 12-14-2009, 02:46 PM   #15
Dryer sheet aficionado
SciFiFan53's Avatar
 
Join Date: Sep 2009
Location: Columbus
Posts: 47
IMHO - I think some of this "not wanting to retire" stuff is related to the sad fact that many of my generation are defined by their jobs. They have worked to advance in their companies and become so connected to their jobs that they have little interest and life outside of work. Long hours and constant demands (e-mail, mobile phones, etc) get you so involved in the corporate life that they have no relationships that aren't defined by their jobs. When they quit, they lose their "importance" in life. I feel sorry for them.
__________________
SciFiFan53 is offline   Reply With Quote
Old 12-14-2009, 02:47 PM   #16
Thinks s/he gets paid by the post
Rustic23's Avatar
 
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 3,624
This article is most likely right, as far as the numbers go, as to the necessity to work beyond 60/65, but I believe wrong in the desire to work. I do not doubt that when you take the people that have not LBYM and add to them the number who want to work in retirement that the majority of baby boomers will be working beyond 60. That is a different statement that the majority of baby boomers want to work beyond 60.
__________________
If it is after 5:00 when I post I reserve the right to disavow anything I posted.
Rustic23 is offline   Reply With Quote
Old 12-14-2009, 03:11 PM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,906
Quote:
Originally Posted by SciFiFan53 View Post
IMHO - I think some of this "not wanting to retire" stuff is related to the sad fact that many of my generation are defined by their jobs. They have worked to advance in their companies and become so connected to their jobs that they have little interest and life outside of work. Long hours and constant demands (e-mail, mobile phones, etc) get you so involved in the corporate life that they have no relationships that aren't defined by their jobs. When they quit, they lose their "importance" in life. I feel sorry for them.
I agree. When I was growing up, it seemed like people had a lot more hobbies and personal interests, even if it was just fishing or collecting stamps or coins.
__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 12-14-2009, 03:43 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
I want to retire because it will keep me from going to jail for strangling idiots.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 12-14-2009, 03:58 PM   #19
Recycles dryer sheets
Tesaje's Avatar
 
Join Date: Aug 2009
Location: Frederick
Posts: 333
I know people who really do not want to retire. They are one of two types - they are incapable of making decisions and keeping themselves occupied and need someone to tell t hem what to do - or they have little interest outside of the job so they truly do not know what to do with themselves if they don't have the job.

They are not the majority. Not even close.

And then there are those who can't afford to.
__________________
I FIREd myself at start of 2010!
Tesaje is offline   Reply With Quote
Old 12-14-2009, 04:13 PM   #20
Thinks s/he gets paid by the post
Bikerdude's Avatar
 
Join Date: Jul 2006
Posts: 1,901
Great advice on how to make retirement more affordable.

Wait until your too old to do anything.
__________________

__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
Bikerdude 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
what's in your vitamin case? cube_rat Health and Early Retirement 31 12-06-2006 03:48 PM
in case you're interested Khan Other topics 0 08-30-2006 09:38 PM
The Case for Market Timing doushioukanaa FIRE and Money 17 05-16-2006 02:22 PM
The case for cash cute fuzzy bunny FIRE and Money 20 02-26-2005 10:24 AM

 

 
All times are GMT -6. The time now is 05:25 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.