Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
What prompted you to pull the trigger...
Old 03-11-2017, 04:25 AM   #1
Full time employment: Posting here.
 
Join Date: May 2014
Posts: 637
What prompted you to pull the trigger...

So I posted about my dental Armageddon day two weeks ago. (tooth broke at root line and bridge came out same day). Silly but much of my stress was dealing with the dentist while having deadlines for work. Well the same week my long time next door neighbor (67) put his house for sale: it sold in the first week. We also heard my neighbor diagonally across was in the hospital for 2 weeks (slightly younger then me) I had my knee done just before she did her hip. She's a nurse and we chatted about our experiences.

It's been in the back of mind for some time... all this stuff has reminded me great job or not we don't live forever - it is time and I'll do it on my birthday in July. I'll be 63. I don't plan on saying anything until the last possible moment I've seen how they treat people... it isn't always the best.

Oh and I wanted to pass along my experience with that implant. I had it done on the Monday before last.. it felt fine for the first three days then it started to give me a good deal of pain after I ate anything. Well you can imagine what the weekend was like (lots of drugs) it got progressively worse. Monday 2:00 dentist appointment.."there's a hole and I can see bone" wonderful..I assume he meant jaw bone. "If part of your finger bone was exposed it would hurt right" yes I suppose that's true... "get me that temporary #%^*" (didn't catch it). Goop in hole then end result... I know it's there but feel sooo much better.
__________________

__________________
rayinpenn 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 03-11-2017, 09:00 AM   #2
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 36,403
Quote:
Originally Posted by rayinpenn View Post
It's been in the back of mind for some time... all this stuff has reminded me great job or not we don't live forever - it is time and I'll do it on my birthday in July. I'll be 63. I don't plan on saying anything until the last possible moment I've seen how they treat people... it isn't always the best.
Congratulations on making that decision! You are right that we don't live forever, and I hope you have a great retirement.

What prompted me to pull the trigger was becoming qualified to retire. I had two dates for retirement in mind for almost ten years before I retired. One was the first date when I would be eligible to do it officially (and get retiree medical and a small pension). That was at age 61 and was the day when I eventually did retire. I also had a backup date in mind, a half year later or so. By then I would be 62 and would get a larger pension, but I didn't wait for it.

Both of my brothers had retired in their very early 50's, and I wanted to do that too so that added some incentive to retire ASAP.
__________________

__________________


Retired in 2009 at age 61.

Mini-pension 13%, SS 20%, investments 67%.




W2R is offline   Reply With Quote
Old 03-11-2017, 09:26 AM   #3
Thinks s/he gets paid by the post
Nemo2's Avatar
 
Join Date: May 2011
Location: Belleville, ONT
Posts: 3,111
What prompted me to quit work was being expelled from two schools consecutively before I was 15, and then immediately finding out that employment was essentially drudgery.
__________________
"Exit, pursued by a bear."

The Winter's Tale, William Shakespeare
Nemo2 is offline   Reply With Quote
Old 03-11-2017, 09:29 AM   #4
Recycles dryer sheets
 
Join Date: Apr 2015
Posts: 112
I had a specific age, 60, to get 90% retiree medical benefits paid until medicare eligible. I could have retired at age 52 with 30 years in for the pension, but the medical bene was too good to pass. So I had 8 years to dream and plan, and make sure everything was good to go! The last year of work was rough, but loving every day so far, 4 months in!
__________________
Stepping stones or stumbling blocks? It all depends on how you use them.
pacergal is offline   Reply With Quote
Old 03-11-2017, 12:59 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,155
Just sick of work. Plus my brother passed at 56 so that hit close to home. I have 2 first cousins who won't see 2018, one with ALS and the other with pancreatic cancer. Yep....no regrets with retiring early.
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 03-11-2017, 02:08 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Mar 2014
Location: Southern Cal
Posts: 1,230
My sister's best friend died at age 61, I think she was the same age as my husband. She left behind a decent estate, maybe north of $5 million. Then we had 2 car accidents within 3 months on the 405. The car was totaled from the second accident. I didn't want to take any more chance but only working to get health insurance for retirement so I can retire also. Money means nothing if you are dead. So that was my motivation.
__________________
Fedup is offline   Reply With Quote
Old 03-11-2017, 02:20 PM   #7
Recycles dryer sheets
 
Join Date: Nov 2014
Posts: 221
I haven't pulled the trigger, but I've loaded the gun. I'm working part time and my employer knows I don't want to work much longer. Things that prompted me we convincing myself that I could do it financially speaking, hitting my final milestone at work - at 55 you vest in retiree health, and, like you, realizing that we don't live forever. Working part time is good for now as I have other commitments that will not allow me to travel or much else (supporting spouse through health issue and her mom through her health issue). And with all the uncertainty around health care, OMY seems prudent. Bottom line is that I'm almost there.
__________________
Jerry1 is offline   Reply With Quote
What prompted me to pull the trigger?
Old 03-11-2017, 05:12 PM   #8
Full time employment: Posting here.
Cobra9777's Avatar
 
Join Date: Jul 2012
Location: Texas
Posts: 884
What prompted me to pull the trigger?

It was a combination of three factors:

1. Job had become toxic to my mental and physical health... Pressure. Stress. Too much travel. Constant jet lag. Wasn't fun anymore. Two-hour daily commute. Conference calls early morning and late at night. Political nonsense.

2. Not enough time to pursue hobbies and other interests. Strong desire to do whatever I want, whenever I want.

3. I had more than enough money.

I thought about staying to 55, which was Megacorp's official "early retirement" age. At that point, there was a significant bump in the pension and I would have retained all RSUs and unvested options. But after much analysis, I concluded that the extra money would probably just go to the kids. They're great kids and all, but not for three more years of #1.
__________________
Retired at 52 in July 2013. On to better things...

AA: 45% stock, 35% bonds, 15% real estate, 5% cash
Cobra9777 is offline   Reply With Quote
Old 03-11-2017, 05:26 PM   #9
Recycles dryer sheets
swakyaby's Avatar
 
Join Date: Feb 2011
Location: Northern Cal
Posts: 193
High taxes.

Well, that and a paid-off home, no debt, and financial independence.
__________________
swakyaby is offline   Reply With Quote
Old 03-11-2017, 06:21 PM   #10
Recycles dryer sheets
 
Join Date: Jan 2017
Location: Des Moines
Posts: 61
One last bad boss. And we were financially ready and I had plenty of stuff to do besides work. And my grandkids were growing up so quickly. No regrets!
__________________
iloveyoga is offline   Reply With Quote
Old 03-12-2017, 06:58 AM   #11
Full time employment: Posting here.
Badger's Avatar
 
Join Date: Nov 2008
Posts: 751
I loved teaching but a few medical problems, 3 major surgeries ending with a lower back fusion made it impossible to continue. Fortunately I was prepared with a paid for house, retirement savings, and Tricare with Medicare coming up in a couple of years.

Now after rotator cuff surgery on both shoulders I am looking at a knee replacement. So you just never know. I probably could have retired a few years earlier and used the time for more travel. But since we all die anyway I'm not sure what difference it would make in the long run. You play the cards you are dealt. You decide what the best bet is.

Cheers!
__________________
Badger is offline   Reply With Quote
Old 03-12-2017, 08:00 AM   #12
Recycles dryer sheets
 
Join Date: May 2015
Location: Country
Posts: 62
Congrats on making the decision to retire. Since I retired two years ago I have enjoyed my kids/grandkids more than I can remember. The simple things in life I alaways took for granted mean so much more these days.
__________________
tps7742 is offline   Reply With Quote
Old 03-12-2017, 10:35 AM   #13
Thinks s/he gets paid by the post
 
Join Date: Apr 2010
Posts: 1,159
Apart from being financially ready to retire early one of the driving factors was the potentially low number of years left of good health and the ability and willingness to travel to the places we wanted to see in the manner in which we wanted to do it.

It has been just under five years now. Never regretted the decision for one moment. Our net worth and our liquidity has increased during each year of retirement.
__________________
brett is offline   Reply With Quote
Old 03-12-2017, 01:09 PM   #14
Thinks s/he gets paid by the post
 
Join Date: Apr 2013
Posts: 4,654
Congratulations on your retirement.

My trigger was when my VP and another idiot deceided I needed to call in hardware support immediately(Sev 1) because a client had introduced a data issue into their system.

Even though the SMEs all knew the issue was data, and there were no hardware errors.
I'm suddenly more valuable to the repair efforts going down a blind hole.
__________________
MRG is offline   Reply With Quote
Old 03-12-2017, 03:34 PM   #15
Thinks s/he gets paid by the post
 
Join Date: Oct 2006
Posts: 3,655
I started a poll on this topic some years ago. It might be 10 years ago by now.

My recollection is that most people finally pulled the trigger due to something negative at work. Got laid off and didn't want to fight back into the workforce. Reorganization meant new boss or duties they didn't like. Just realized they didn't want to fight the *&% corporate bureaucracy any longer. Many said they were fine with the real work they did, they just didn't like all the corporate stuff that came with it.

The next most common answer was health. Maybe one event, maybe an accumulation, but reminders that the number of future, healthy years decreases with every passing year at w*rk.

Some said "We just hit our FI numbers, so the next logical step was RE".

A surprisingly small fraction said something like "We were vacationing in the Pacific northwest, just loved it, and decided we didn't want to go home" (I think that was one of the actual posts).

For me, it was a combination of the first three. If I had to pick just one, it would be new CEO whom I considered are real ___ . The feeling was mutual, in a general sense. He said the company had been so badly managed before he got there that anyone who had survived more than five years in the old regime was probably hopeless. So I checked the FI numbers, decided I didn't want to jump through the corporate "personal career planning" hoops again, and gave my notice.

I actually worked another six months because my boss was having trouble replacing me. It was enjoyable. I could concentrate on a big project that I enjoyed while ignoring all the corporate politics. My boss, a stand-up guy, made sure I got a decent share of the dept bonus pool at year-end.
__________________
Independent is offline   Reply With Quote
Old 03-12-2017, 06:18 PM   #16
Thinks s/he gets paid by the post
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 4,875
Send a message via Skype™ to kcowan
Ray
I would worry about that hole in your gums. Have you heard about ortho necrosis?

Beyond that, I would say that you have to feel it to retire. It is the unknown. So if there is no feeling to drive it, it will be hard.
__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 03-12-2017, 09:42 PM   #17
Thinks s/he gets paid by the post
 
Join Date: Nov 2009
Posts: 3,386
I pulled the trigger when all the pieces of my ER plan fell into place back in 2008. Finding an affordable HI plan (this was pre-ACA) and hitting my magic number were the two last pieces. I was already way sick and tired of my long, tiring, and often sickening commute, even though I had reduced it to 2 days a week.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is offline   Reply With Quote
Old 03-13-2017, 12:45 AM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,683
I was prompted to retire by the security guard and HR Rep that showed up at my desk to walk me out.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 03-13-2017, 05:45 AM   #19
Recycles dryer sheets
racy's Avatar
 
Join Date: May 2007
Posts: 440
I had 2 goals to achieve prior to retiring: paying off the mortgage and getting my youngest son through school and earning a paycheck. Both occurred 4 years ago this month.
__________________
The Big Lebowski: Are you employed, sir?
The Dude: Employed?
racy is offline   Reply With Quote
Old 03-13-2017, 06:54 AM   #20
Recycles dryer sheets
 
Join Date: Sep 2009
Posts: 51
Quote:
Originally Posted by youbet View Post
I was prompted to retire by the security guard and HR Rep that showed up at my desk to walk me out.

Somewhat similar. I got the phone call from HR the day I returned from a vacation. (I was a telecommuter). I kind of guessed something was wrong when I found myself shut out of email and the network drives, and tech support just responded with..."Well lets see, it looks like your access was changed because.......aaah someone will get back to you soon...."
__________________

__________________
SomedaySoon is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 3 (0 members and 3 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
When Were You Ready To Pull The Trigger? Sycamore Hi, I am... 27 02-09-2016 07:07 AM
Why cant I pull the trigger? Blake Hi, I am... 21 11-19-2004 06:42 AM
Pull The Trigger notTwain FIRE and Money 8 08-13-2004 10:18 AM

 

 
All times are GMT -6. The time now is 11:21 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.