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Old 01-30-2016, 07:55 PM   #121
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Good on you Shawn. You make your money, you choose what to do with it. You choose how to live your life. I find helping other people to be admirable, and I don't see that the helped person has to be a relative - or even aware that you are the helper. You want to keep animals alive rather than euthanized? Good for you, good for the animals, good for the veterinary clinic and thus for other pet owners.

This is an early retirement forum and it kinda sounds like some of the members are protesting a bit loudly that you not retiring as soon as possible is baffling and that not working is some sort of goal that all should aspire too. Nonsense. Want to treat yourself by not working; that's fine, but putting someone down for working for a purpose or for something other than their personal gain is just sad.
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Old 01-30-2016, 08:02 PM   #122
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Maybe she is truly grateful, but in my experience people you don't know who you keep sending free money to will also write to you glowingly to keep it coming. As soon as the money stops, you'll never hear from them again. I'm just saying look out, it's a common tactic.
.... But good for you for helping that girl. Keep slaving away instead of retiring.
Shawn - Congrats for finding something you enjoy doing (your work and the gifts that you have offered/provided).

Kabekew - I bolded a phrase above. Maybe you had passion and/or compassion in life or other areas before, but why continue to stir the pot? It's your choice to "give" or not to immediate family or others. You gave to yourself by electing retirement. Kudos to you.

I have visited different regions of the Philippines and will return to offer various donations for the benefits my family had experienced. Many people with less there and here in the US. It's just nice to be able to do something "good". It's a personal choice.
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Old 01-30-2016, 09:06 PM   #123
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The 4-year cost of college in the Philippines will be fairly minor - probably $30K or so. Chump change.
That's around PHP 1.5 million. I'm going to assume that includes room and board because even at a top tier private university (Ateneo, La Salle, UAAP), tuition fee is not that expensive. But man, it's crazy how high tuition fee has gotten. Back when I was in uni around 12 years ago, a year of engineering undergrad at Ateneo was around PHP 100K (~USD 2K). Now it's PHP 170K (~USD 3.5K) a year.
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Old 01-30-2016, 09:30 PM   #124
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Shawn do you have any children?
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Old 01-30-2016, 09:37 PM   #125
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You make your money, you choose what to do with it. You choose how to live your life.
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Old 01-30-2016, 10:01 PM   #126
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Agree. If you enjoy your work why quit if you don't have to? Many self employed people work well into their 70's if their businesses are successful and they enjoy it.

Yikes. My first thought on someone who fits this description exactly. Jerry Jones. Sure hoping he quits his job!


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Old 01-31-2016, 11:22 AM   #127
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......... For example, if you were Buffett, would you quit?
I think Buffett is only paid $100,000 a year with considerable expenses and everyone knows you can't live off BRK dividends. I think the poor guy has to work.
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Old 01-31-2016, 08:04 PM   #128
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Yikes. My first thought on someone who fits this description exactly. Jerry Jones. Sure hoping he quits his job!


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You will have to explain who Jerry Jones is. Never heard of him.
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Old 01-31-2016, 08:09 PM   #129
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You will have to explain who Jerry Jones is. Never heard of him.
Are you kidding? If not he is the owner of the most valued NFL franchise the Dallas Cowboys....
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Old 01-31-2016, 08:18 PM   #130
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I think Buffett is only paid $100,000 a year with considerable expenses and everyone knows you can't live off BRK dividends. I think the poor guy has to work.
Yes, he should have diversified out of BRK and bought some divvy stocks. It's too bad he does not frequent this forum to join in the frequent threads about cap gain vs. dividend investing.

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You will have to explain who Jerry Jones is. Never heard of him.
I also had to look him up. And I live in the US, not Canada.
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Old 01-31-2016, 08:50 PM   #131
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We are giving up around $260k when I retire next year at 57. We can live comfortably on 75k a year. Can't wait to be unemployed!!
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Old 01-31-2016, 09:11 PM   #132
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Reading this thread I've come to the following conclusions.

1) I made a WHOLE lot less than most of the folks here - but still managed to retire at age 52... does that make me a winner (for retiring so young) or a loser (for making sub 100k... by choice since I was 80% part time AND stayed off the management track by choice.)

2) Shawn sounds like a really nice, compassionate person. And the folks who are critical do not sound as nice.
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Old 01-31-2016, 09:23 PM   #133
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Reading this thread I've come to the following conclusions.

1) I made a WHOLE lot less than most of the folks here - but still managed to retire at age 52... does that make me a winner (for retiring so young) or a loser (for making sub 100k... by choice since I was 80% part time AND stayed off the management track by choice.)
You have done well. Comparison to others is a loser's game. Enjoy your retirement.
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Old 01-31-2016, 09:34 PM   #134
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Great thread. Folks "give up" a lot of $ when they retire. But I suspect that the "give up" numbers are not even close to the numbers it would take for happy retirees to go back to work.


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Old 01-31-2016, 10:22 PM   #135
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Great thread. Folks "give up" a lot of $ when they retire. But I suspect that the "give up" numbers are not even close to the numbers it would take for happy retirees to go back to work.
Very true. I could have continued the part-time consulting work for an increase to 1.5x, or perhaps even less. But at this point, I would want more to go back to work, perhaps about 2x my previous rate. And as the sky must be falling if they would pay me that much, my retirement status is very safe.
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Old 01-31-2016, 11:32 PM   #136
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I semi-retired from circumstances very similar, at 57 earlier this year. I am still working about 1/3 time for 30%, which made the transition considerably easier. I've been skiing 2-3 times a week in the mornings and hiking a couple times a week for the last three months, with no discernible effect on life style. DW is younger and will continue to work for a few years, but she also took a 55-60% hit to salary by moving.
You can't get back your time, though, so if you have enough, you have enough--save for time.
I qualified two years earlier but continued to work, just to be sure. Don't regret the change.

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I just received my review, bonuses and raise this week. Annual salary and bonuses are right at $122,500. (4 weeks vacation, 4% 401K match, etc.) Not much different than past years. When I look at that number, I wonder if I am a fool to give it up. (I am giving it up, that thought just runs through my head a bit.)

Of course, even if I worked until I was 70, I would have the same issue. People would line up around the block for a job that paid that amount, but most would be unqualified.

If you got laid off and decided to FIRE, it’s not really a decision you made. If you requested severance and got it, that would be a decision you made. If you gave up a job and got a big pension, you only gave up a partial amount.

When you finally declared FIRE, what was your number that you gave up?
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Old 01-31-2016, 11:49 PM   #137
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Yes. If you are happy/happier working than retired, then you go, man. One has to retire to something, not just from.
My mother has been a caretaker all her life, first for my brother, then her mother, then my father, which is what she does. I'm glad she can now rest a bit, at 82.

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Good on you Shawn. You make your money, you choose what to do with it. You choose how to live your life. I find helping other people to be admirable, and I don't see that the helped person has to be a relative - or even aware that you are the helper. You want to keep animals alive rather than euthanized? Good for you, good for the animals, good for the veterinary clinic and thus for other pet owners.
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Old 02-01-2016, 07:21 AM   #138
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Out in 8 weeks. Salary $150k, bonus $30k - $70k. Car allowance, gas card, large expense account. Deferred comp program.

Went to part time making half that but just cannot keep doing it. Too burnt out. Taking the plunge.
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Old 02-01-2016, 09:58 AM   #139
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You will have to explain who Jerry Jones is. Never heard of him.
Yes, sorry about that Danmar. Jerry Jones owns the Dallas Cowboys. As owner he also amazingly places himself in the general manager role. An important role involving personnel decisions, strategy, and direction. It's his right if he wants. He owns the team. But for fans of the franchise it gets harder to swallow every year. Let's just say he is not a steady hand at the wheel and results on the football field have suffered. Along with fans. Hoping he'll give it all up and retire was just a passing fancy as I read your comment.

I'm sure I've sidetracked this thread enough. Sorry for the confusion. But I am jealous you've never heard of Jerry Jones. Wish I could say the same.

Muir
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Old 02-01-2016, 10:02 AM   #140
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does that make me a winner (for retiring so young) or a loser (for making sub 100k... by choice since I was 80% part time AND stayed off the management track by choice.)
If you are happy then you are a winner. Nothing worse than trying to live according to other people's expectations.
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