What prompted you to pull the trigger...

I think I always knew that if I reached FI I would retire.

But what brought it into very sharp focus was losing my mother when she was only 63. Right as my Dad finally retired.
 
I am nearly 7 years older than my father lived. He got less than 36 retirement checks before death, after working 40+ years. I hope to keep on getting checks, from pensions and investments. Plus, all that corporate work was meaningless. Where are all those files I Produced? Trashcan, I presume. Retirement is great.

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One thing people on this forum helped me recognize was that despite how valuable you may be or think you are to your company, they will pretty easily adapt once you are no longer there. I wish I wouldn't have wasted so much energy agonizing over when I should resign and how much notice I should give. Clearly I did the right think sticking with the 30-day notice period required by my employment contract, despite initial pleading and pressure that I stay longer. My team was able to cover key responsibilities just fine after I left, and my replacement was on board less than 3 months later. I've only been contacted once for a minor question. Meanwhile I have also moved on and am loving retirement! If you aren't ready to retire, then by all means don't rush it, but don't stay longer than you want to out of guilt or concern about how they'll survive without you.
 
One important issue was the desire to spend winters in a warm place.

Now w*rk part time (some would argue not REALLY retired...) on my own schedule. Extra money is nice, but the flexibility of working/not working is what really "floats my boat".....
 
But what brought it into very sharp focus was losing my mother when she was only 63. Right as my Dad finally retired.

+1

Lost a younger relative when she was only 56 and a very good friend just after he retired at 65.

I saw this cartoon in the ER forums. The truth of it struck me like a ton of bricks.
 
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Relayed elsewhere in these pages, within a few years of joining Megacorp, I formed a mental picture of the perfect (call it a) j*b, w*rk assignment, "duty." By my late 40's, I had created just such a reality. It doesn't seem possible in this day that someone buried in a Megacorp could do such a thing, but I did.

I became FI at age 51 (company subsidized retirement medical and modest pension plus a very nice stash which would carry me to SS.) But I still "loved" the position I had been able to crate for myself. There wasn't a huge future in it (not likely to get that final promotion) and there are always Corp. politics and BS to deal with. But I was still enjoying what I was doing.

At age 58, I got called into the boss' office on a Friday afternoon and was informed that my assignment was changing to one I had been stuck in many years before. I thought about it over the Labor Day weekend and on Tues., I informed the boss that my last w*rking day would be that Friday (though I would be empl*yed through the end of the month due to vacation saved, etc.)

I guess you could say I had my finger on the trigger for 7 years and pulled it the second I no longer wanted to stay. It was kind of a nice feeling, though I suppose I would have preferred somewhat different circumstances.
 
One thing people on this forum helped me recognize was that despite how valuable you may be or think you are to your company, they will pretty easily adapt once you are no longer there.


Granted, I wasn't all that invaluable to Megaconglomocorp, but let me digress to a bemusing anecdote...

My first RIF, in the late 90s, occurred when I was a staff flunky, having sneaked out of the tech side under the mistaken impression I might be able to climb the corporate ladder a rung or two. One of my tasks was to coordinate sending important "stuff" to corporate archives. Being a R&D group, it was deemed important to save prototypes, lab notebooks, etc., for patent issues, tracking corporate "history", and to help all the engineering staff clear all the crap out of their offices. [emoji12]

Anywho, about half the department, including me, was summarily dismissed, to reduce costs, i.e. get rid of older w*rkers, and their high salaries and retiree benefits. But, as it turned out, they had to staff up again to meet milestones, and I sneaked back in as a technogeek within a few months, most fortunately soon enough that I retained seniority, preserving my retiree health insurance benefit, without which I'd still be w*rking.

Fast forward several years, and Megaconglomocorp decided that the foundries in Asia could do much of their process development, so, again, a big chunk of the department, including me, were canned.

Amusingly, one of the branch managers in my group called me shortly after the announcement, inquiring about getting his stuff back from corporate archives. I did some checking, and no one seemed to know anything about it, and a web search produced nothing. Apparently, the corporate archive was moved, then forgotten... Never found it...

When I was laid off, twice, and then when I retired, no one wanted my files, notebooks, etc., so they were all trashed.
 
I'd saved and invested my entire working life and planned to work until 57-58. My job was eliminated at the age of 55 and though I'd reached FI, I wasn't psychologically ready to retire at the time. This was in 2009 and there were no jobs in my field for someone my age. I finally gave up the job search and made the adjustment to the non-working life.
 
My reason was much simpler . . . just because I could! I cut my schedule from 40 hrs to 30 hours per week for 2-1/2 yrs - my j*b was not stressful and it didn't require me to work very hard. I just decided I didn't want to w*rk based on a schedule so I told them I was done. They call me from time to time and ask if I am available for a day or so and if I am I agree to go in. If not, I say no. What could be better!!!!
 
the math

I set the date of age 50 to retire when I was 40. I was on track. I had a big job at a multi-billion dollar company and I was playing it right. Drove a Honda when every one one of my peers was driving a BMW. When I got the golden parachute at age 48 I was a little unsure what to do...it was 2 years earlier than I had thought...I had a job drop in my lap where I could work from home and do some exotic travel....so I went back to work. Then working nearly part time from home ....it is so hard to cut the umbilical cord .... to rely on your own money rather than the money someone else gives you. I kept running calculators and ALL said 100% that I had enough. I prayed for them to let me go...finally they did. I smiled and said 'thank you'---not sure I could have said 'stop giving me money' so they helped make it happen and it was the happiest day of my life. I woke my husband up and said 'guess what? I just got canned!' he high fived me and we celebrated for a week!
 
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My goal, set when I was still a teenager, was to retire at 55.

So when I actually reached that age (and was FI beyond a doubt), I started planning my exit. As it happened, the small company was bought out by a megacorp at about that time and rumors began to circulate about a big layoff.

As an older, more highly paid employee, I assumed I'd be included in the layoff and given some sort of package. That's exactly what happened when I reached 55 ⅓ so I was absolutely thrilled. The only hard part was that on layoff day when I was called in to be "given the news", my boss seemed to be devastated. No amount of reassurance on my part that I was happy about it could get a smile on her face. Of course, she got the axe herself a year or so later.
 
1. Qualified two years prior for retirement/health care benefits by meeting "rule of 80" (age plus job tenure).
2. Job stress was becoming increasingly difficult to shed over the weekends. (I'm still working about 40% online with virtually no stress. Maybe I'm not retired according to the purists--but I feel retired.) And we successfully finished a major project.
3. Oldest and his wife were in California and planning on a baby.
4. Not much trout fishing or skiing in Texas.
5. DW was ready to go to the West Coast and was about to be laid off (she worked online 6 months after the move to Reno before the hammer came down). So we did it on our own terms.
 
Once I hit my financial goals I decided I'd wait until the next heart-pounding, stress-causing, frustration-inducing work situation to pull the trigger. Of course that opportunity presented itself pretty quickly so I returned to my office, sent an email to my wife that the time had come, quickly composed a resignation letter providing two months notice, and presented it to the CEO that afternoon.

That was three years ago this month and I've never regretted it since.
 
Not sure if this is the right topic....but I wanted to say that I retired (mostly) 4 years ago. One of the biggest benefits has been the extra time I have been able to spend with my grandkids. I always worked FT so I missed out on a lot when my son was growing up. Water under the bridge, but I have made sure to enjoy everything I can with the grandkids.

I know everyone's situation is different, but this has meant a lot to me.
 
Congrats. I had to keep w**king until mid 2005 to keep medical coverage for my wife, who had been brain injured. After she passed away, I kept w**king to have something to fill the hours.
Two years later I remarried to a wonderful lady who had also lost her spouse. That did it!
I hung around until mid January to get my 7% profit sharing, took the last train to Clarksville (actually Ventura):). Two days later we were on a plane to Santiago Chile for a two week South American tour.
 
Hum, I'm there, but not there yet. My conservative nature!
Achieved my goals, paid off house, paid cash for winter home in Florida. No debt.........but just turning 62 last weekend, the thought of paying for health insurance for the next 3 years is holding me back.

SS and annuity will cover all our expenses in 3 years. Love the idea of not touching my money.

The thought of no more big salary.....paying for stuff with my own money bugs me.

Then today I got my new sales quota which was ridiculous and was close to telling them to shove it.
 
I was satisfied with work and my job years, (and years), ago. Then along came a move and reorganization. I worked rotating shifts, too. The job was not good as the old days even though it payed more. Then rumors of another reorganization and my job might be eliminated. That was about 15 years ago. The realization came then that I needed to be ready for anything that came along. My attitude changed about work and the job. We paid everything off, and I maxed out the 401, IRA's, and investments. I found out my job was not going to be eliminated and we stuck to the grindstone. My goal was to retire at the earliest age to get a full retirement. That was 56. And at age 56 and two weeks I was out the door. I was mentally ready to go years ago. My retirement is more than double what we were used to be living on. We don't owe anyone a thing. I have been a Free Man for just over three years and thank my lucky stars every day. I feel sorry for the saps still stuck out there. But, it's up to you to make your luck and not be helpless. Now I can do all the things I had been wanting to do but the job was always in the way.
 
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