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Re: What is the age cutoff for "RE"?
Old 10-14-2006, 09:19 AM   #41
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Re: What is the age cutoff for "RE"?

Quote:
Originally Posted by Delawaredave
As the US population lives longer and has less wealth, "retirement age" will keep pushing out, so I guess the definition of "early retirement" will keep pushing out.

10 years from now, people may consider retiring in your 60's "early" - never in my book.....
I believe that too. I believe that in 20 years retiring at 65 will be considered early. And people will think how amazing it was that 65 was ever considered a "standard" retirement age.

I hope they don't also increase the age limits for senior privileges like golden age passport, etc., ..... I want my half-price camping!!!

Audrey
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Re: What is the age cutoff for "RE"?
Old 10-14-2006, 10:08 AM   #42
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Re: What is the age cutoff for "RE"?

Quote:
Originally Posted by audreyh1
I believe that too. I believe that in 20 years retiring at 65 will be considered early. And people will think how amazing it was that 65 was ever considered a "standard" retirement age.

I hope they don't also increase the age limits for senior privileges like golden age passport, etc., ..... I want my half-price camping!!!

Audrey
This got me thinking. Here are my ten closest freinds (in my age bracket) with ages, marital status and ER status/or employment.

Farmer, 62, married works full time.
Dentist, 68, married, retired at 62 but now works more than half time.
Realtor, 69, married, works full time.
Small biz owner, 69, married, works part time.
Small biz owner, 62, married, works part time.
RN, 60, widow, works full time.
Teacher 59, married, works full time.
Lawyer/businessman, 69, divorced, works full time.
Small co. President, 62, works full time.
Sales exec, 60, married, works full time.

Based on this group my situation is still pretty unusual. I might add
that most of my "acquantances" who would fall into this list also
have gone back to work after they retired, at least for a while.
I did go back for 2 years but it still appears that I am the anomaly.

JG
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Re: What is the age cutoff for "RE"?
Old 10-15-2006, 04:01 AM   #43
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Re: What is the age cutoff for "RE"?

Okay, I thought this over and can't think of even one person
(relative, friend, acquantance, neighbor, etc) who retired and then
never worked again (Oh wait, I got one........My Dad, but he waited until 67
which seems pretty extreme in my view). Anyway, obviously
in my world; from
retirement to loafing without backsliding is quite unusual. I recall
Paul Terhorst sitting down with a bunch of retirees and being the only
person there who was 100% fully retired. All the rest were consulting
or said they were working at something. I think this confirms the general
stigma attached to retirement, especailly early retirement. It's like there
should be something shameful about it. Maybe that is another reason I
post here so much. It's the lifestyle we embrace, even if the masses
don't get it.

JG
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Re: What is the age cutoff for "RE"?
Old 10-15-2006, 05:53 AM   #44
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Re: What is the age cutoff for "RE"?

I'm 46 and I've been ER for a year. In April one of the companies to which a rent a large warehouse went bankrupt. It generated considerable hassles to get rid of everything (the company, the litigators, the stocks, etc.) and refurbish the building to put it in a correct shape to rent it again (still empty).

John, what I'm ashamed of, is to have had to work whereas I could have gone funboarding, diving, skating, etc.

I feel definitely no stigma attached to doing something else than going to an office boring myself with someone else problems.

PP
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Re: What is the age cutoff for "RE"?
Old 10-15-2006, 06:10 AM   #45
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Re: What is the age cutoff for "RE"?

Quote:
Originally Posted by Mr._johngalt
I think this confirms the general
stigma attached to retirement, especailly early retirement. It's like there
should be something shameful about it.
A lot of people don't develop hobbies/outside interests while working - when they stop working, they don't know what to do.

I know 6 folks that retired last year from a major company - financially all could stay fully retired (traditional pension, conservative, no divorces, etc).

5 of them did not seem to have outside interests besides work - they are "consulting" or working elsewhere

1 guy had a lot of hobbies/interests while working - he hasn't worked a day since retiring.

Moral of the story: don't let work consume your life while you are working.....
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Re: What is the age cutoff for "RE"?
Old 10-15-2006, 10:26 AM   #46
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Re: What is the age cutoff for "RE"?

I think this raises the questin of definition. ER is when there is no significant gainful employment. I retired and took a pension in 1992 but continued to work for another 10 years, sometimes fulltime, always consulting (i.e. billed revenues to my sole proprietership). So for me ER was 2002.

DW also retired in 2002 by closing her business. But she continued to make money until Aug 2005 so she was really semi-retired, working out of our house.
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