Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
New retirement plan - keep working!
Old 03-10-2005, 07:28 AM   #1
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
New retirement plan - keep working!

In a recent Associated Press-Ipsos poll, 63 percent of those who have not retired said they thought they would work for pay after they retired. The reason given most often was “to stay busy,” followed by “to make ends meet” and “to have enough money for extras.”

http://www.msnbc.msn.com/id/7140314/

So, anyone here doing this or planning to do this? Definitely not for me, but I guess that's why I'm here....
__________________

__________________
laurence 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!

Re: New retirement plan - keep working!
Old 03-10-2005, 10:00 AM   #2
Recycles dryer sheets
 
Join Date: Feb 2005
Posts: 188
Re: New retirement plan - keep working!

Thanks for the link to the genuinely interesting article.

I think the Boston College professor quoted in the article is exactly right -- many persons, given a choice and the opportunity, are choosing to retire in stages.

A year ago I moved into semi-retirement and in two years, I intend to become fully retired (the summer of my 60th birthdday). And, I can hardly wait...

Even so, just because I enjoy it, I hope to continue doing some freelance writing and consulting. as well as remain on a commercial board and continue to teach an occasional course at a nearby state university. I think that is the kind of transitional retirement to which the good Boston College professor refers.

The thought of remaining in a mandatory office/ 8-5 routine, however, depresses me, even if it is a zero-stress job. I am now at FI; the next stage is RE in whatever modified format that might take. Life is too short to do otherwise.

Playaman
__________________

__________________
playaman is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-10-2005, 10:19 AM   #3
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 214
Re: New retirement plan - keep working!

This is a question I'm also grappling with. I'm not strongly opposed to working part time after ER...IF I could find a job that was flexible, reasonably interesting, and low stress. $$ is not that important.

I'll risk being burned for heresy: I don't greatly dislike work, just the burnout of doing the same stinkin' thing for 25+ years.

I'd go for SER = Semi-ER, if it was on my terms.

__________________
RockMiner is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-10-2005, 10:25 AM   #4
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: New retirement plan - keep working!

I'll admit, I'd love to do a little financial planning/tax prep on the side, my step mom loves it, maybe 300-400 hours a year, provides all the mad money my parents need. That's the only thing I'd do after ER/FI
__________________
laurence is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-10-2005, 10:41 AM   #5
Thinks s/he gets paid by the post
 
Join Date: Jul 2004
Posts: 1,505
Re: New retirement plan - keep working!

I with the author of "Your Money or Your Life" on work. If you're doing some activity for pay, you're still working.

AFAIK, someone saying their partially retired to me would be like a woman telling me she's sort of pregnant (or sort of not-pregnant).
__________________
azanon is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-10-2005, 10:46 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: New retirement plan - keep working!

Since the majority of people nearing retirement age have no significant savings, and most expect to maintain the same lifestyle in retirement that they enjoyed during their working years (a serious dichotomy if there ever was one), it looks like a lot of people will be "working after they retire", which also sounds like they aint retired.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-10-2005, 11:21 AM   #7
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: New retirement plan - keep working!

Well, I gotta first get FI, then I can worry about ER! Flexibility with my time and knowing I don't have to work to maintain my lifestyle are my main goals, but if there is something I'd love to do, and somebody wants to pay me for it besides, I won't let that hold me back!

...then again, I do love to golf....
__________________
laurence is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-10-2005, 11:35 AM   #8
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 214
Re: New retirement plan - keep working!

Quote:
Flexibility with my time and knowing I don't have to work to maintain my lifestyle are my main goals, but if there is something I'd love to do, and somebody wants to pay me for it besides, I won't let that hold me back!
I agree...opinions of purist ER snobs not withstanding
__________________
RockMiner is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-10-2005, 11:50 AM   #9
Thinks s/he gets paid by the post
 
Join Date: Jul 2004
Posts: 1,505
Re: New retirement plan - keep working!

Quote:
I agree...opinions of purist ER snobs not withstanding
I love the job i'm doing now. *But I haven't become so disillusioned as to think its not work.

Work, by definition, doesnt mandate that you dont like it. *Some people quite literally love their jobs. *But that doesn't make it not work.

Guess i'm just a purist. Retired to me means you used to work for pay, but you dont anymore.
__________________
azanon is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-10-2005, 01:48 PM   #10
Full time employment: Posting here.
Patrick's Avatar
 
Join Date: Mar 2005
Location: Northern, Florida
Posts: 925
Re: New retirement plan - keep working!

I'm definitely planning on NOT doing that. I can't get the salary and bennies I'm getting now at any other job. My plan is to just stay here until I max out my pension, then leave with enough so I never have to work again. It doesn't make sense to me to leave early then get a low-paying job I hate. Might as well stay. I will have plenty of activities when I retire, so I won't need to work for something to do.
__________________
Retired in 2006 at age 49.

"Who among us is smart enough to learn from the mistakes of others?" - Voltaire
Patrick is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-10-2005, 04:33 PM   #11
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: New retirement plan - keep working!

I definitely think it's silly to leave your career and expose yourself to lack of health care, take a low paying job part time where you need every penny, just to say your semi-retired. I'm definitely staying until I can quit and never work a day again in my life if I want. But if one of your hobbies pays some dividends, all the better. In fact, we'll all be spending some time managing our portfolios, and that generates income, so I guess we all will never truly retire! My goal is to know I'm doing exactly what I want with every day, even if it's nothing. Real Freedom, yeah baby!
__________________
laurence is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-10-2005, 10:24 PM   #12
Thinks s/he gets paid by the post
 
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
Re: New retirement plan - keep working!

Baring some never-before-seen financial catastrophe of historic preportions, I don't need to earn another dime to live a comfortable and enjoyable retirement.

If I had more money, I could use it to advantage. I could have a lot of fun with another $1M or $10M or . . .

I do some volunteer activities. I enjoy working with the kind of people who volunteer for worthy projects. I could spend my time hiking or camping instead. And I do sometimes. But I also enjoy the volunteer activities.

I also do some activities I refer to as "nearly volunteer" activities. For example, I work on the election board during elections in Arizona. The county pays me for the 14 hour day I put in running a polling place. They pay me about $100. But I really enjoy this work. I think it's important and I find it satisfying. I like the people who work with me -- a greatly diverse group of people. And I get to meet and talk with all my neighbors when they show up to vote. I could spend my time hiking or camping instead. And I do sometimes. But I also enjoy the nearly volunteer activities.

I still participate in a lot of professional/publishing activities. I have been a volunteer reviewer for several technical journals for more than two decades. This work pays nothing, but I enjoy it and it takes very little time. I've also been serving as a book reviewer for several technical publishing companies for about the same amount of time. They do pay me for this service (~$500 per book). I typically review one or two books per year and I enjoy it. I can do this work at my convenience or I can say no to the request. It's easy and enjoyable for me. I would end up reading most of the books I review sooner or later anyway. This way, I get to improve them when I read them. :

I get several offers each month to help some engineers do something that is both easy and satisfying for me. If I accepted all the offers, I would be working 60 hours per week. I could work an average of about 15 hours a week on these kinds of projects and make more money than I spend in a year. That's more time than I want to spend, but I take some of these jobs. If they're not fun, I quit.
__________________
sgeeeee is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-11-2005, 03:33 AM   #13
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: New retirement plan - keep working!

Well, if I could find something I loved and that I could
be paid for, obviously I would do it
(fishing guide? barstool philosopher? )

I worked off and on for the first 4 years of my "retirement".
Unfortunately, although I enjoyed much of my working years, at the end I was simply happier not working. I expect
that I would still be doing "something" *(for pay)
if I was younger. I would only work for myself though.
Being on my own for many years spoiled me for having
a "boss" in any form.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-11-2005, 07:26 AM   #14
Thinks s/he gets paid by the post
grumpy's Avatar
 
Join Date: Jul 2004
Posts: 1,321
Re: New retirement plan - keep working!

I made a gradual transition to full retirement. I worked half time for 2 years until my wife was able to retire from her teaching job. I have no intention of ever working for pay again.

Grumpy
__________________
...you can check out any time you like, but you can never leave...
grumpy is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-11-2005, 08:23 AM   #15
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Re: New retirement plan - keep working!

Quote:
I made a gradual transition to full retirement. I worked half time for 2 years until my wife was able to retire from her teaching job. I have no intention of ever working for pay again.

Grumpy

So Grumpy, are you ready yet to change your name to Happy? How is the over 55 community going?
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-11-2005, 03:36 PM   #16
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Re: New retirement plan - keep working!

Quote:
I've also been serving as a book reviewer for several technical publishing companies for about the same amount of time. *They do pay me for this service (~$500 per book). *
$500 for a book report?!? Where do I send my resume?!
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-11-2005, 09:29 PM   #17
Thinks s/he gets paid by the post
 
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
Re: New retirement plan - keep working!

Quote:
$500 for a book report?!? *Where do I send my resume?!
;D ;D ;D

That's kinda the way I look at it too, Nords.

Of course it's the 30 years of research, publishing and editing prior to now that gets you a place on the list of reviewers. You don't get to read the books for money till you've made some money for the publisher with prior work.
__________________
sgeeeee is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-12-2005, 04:33 AM   #18
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Re: New retirement plan - keep working!

Quote:
...it looks like a lot of people will be "working after they retire", which also sounds like they aint retired.
I second that. If you have to work, then you are not in retirement. I wonder if you love to work, is that retirement?
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-12-2005, 04:58 AM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Re: New retirement plan - keep working!

Had a buddy in my working days(retired military double dipper) Sam: "If they didn't pay me to come here, I'd have to buy a ticket to come watch."

Best definition I've heard - of what I'm not sure.

Usually came out when things were getting chewy at work.
__________________
unclemick is offline   Reply With Quote
Re: New retirement plan - keep working!
Old 03-12-2005, 06:08 AM   #20
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Re: New retirement plan - keep working!

Quote:
;D ;D ;D

That's kinda the way I look at it too, Nords. *

Of course it's the 30 years of research, publishing and editing prior to now that gets you a place on the list of reviewers. *You don't get to read the books for money till you've made some money for the publisher with prior work.
I blame Amazon's book-review system for encouraging all us critical thinkers to give it away for free.

Before I stoop to that level, I'm eagerly anticipating the response from major publishers looking for my reviews on nuclear engineering, weapons system design, military training, and how to order frosty beverages in six languages.

Hey, if we're calling ER wannabes "Young Dreamers", would the used-to-be-ER'd-but-working-again demographic be known as "Old Dreamers"?
__________________

__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 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
Safe car part of health plan and/or retirement plan Buckeye Health and Early Retirement 21 07-10-2016 03:58 PM
Working leads to a longer life? OkieTexan Health and Early Retirement 19 03-12-2007 09:26 AM
State retirement plan rollover????? nun FIRE and Money 0 04-06-2006 03:33 PM
How people find us... asian carp?? dory36 Forum Admin 4 05-27-2005 01:07 PM

 

 
All times are GMT -6. The time now is 07:14 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.