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Old 05-12-2013, 08:17 PM   #21
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Originally Posted by Katsmeow View Post
I think I may be more ready than I thought I was. I read the above sentence and literally winced. It is hard for me to imagine tolerating it for very much longer, let alone 6 months.
That tells you a lot. I know the feeling, though -- it's harder to walk away when the money is really good. But yeah, you're ready.

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Old 05-13-2013, 07:32 PM   #22
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Kat, we are on the same path. I have been semi retired three years, and am packing it in for good this month. I also worked 15 hours a week but not nearly the salary ($30,000). I learned the cruel math of a part time job salary stacked on top of a nice pension. After all taxes, gasoline, loss of state tax exemption because salary put me over the income limit, and moving to higher tax bracket, I am making somewhere between 33-35 cents on the dollar. Not worth it, so I am packing it in!

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Old 05-13-2013, 11:36 PM   #23
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It is sort of funny how it can work so well for so long and then just reach a tipping point and not be worth it any more. I still do well with it financially (I have no pension), but there comes a point where the money by itself isn't enough.

I felt like last week I was explaining that to everyone.

I told a couple of relatives (in their 80s) that I was thinking about quitting entirely soon. One was concerned about me quitting before Medicare availability and I was able to explain DH has retiree coverage. Then the other was my mother and she just has trouble wrapping her head about the idea of retiring before full SS retirement age. She commented not long ago that I wasn't of the age to retire yet.

Then a couple of days after that my 19 year old son asked me how much I made at my final salary before I semi-retired. I told him and he was totally shocked. He commented that if I only continued working for full time for X years then I would have X dollars. And, of course, he is right.

People just seem to have trouble with the concept of having enough and then stopping at that point even though you could perhaps have a lot more if you worked for longer.

What I ended up telling my son is that you can almost always get more money or spend less money, but you can't ever get more time....
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Old 05-14-2013, 04:47 AM   #24
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Great thread Cat. I'm leaving a very lucrative job that I love because I hit that tipping point and we want to relocate to a place we love. I don't think people quite understand retiring so young and I'm sure there is financial risk in the decision. But bottom line is people adjust to their financial situation quite easily.

You'll do great in ER and from the tea leafs I'm is time!

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