Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Pre retirement jitters.
Old 03-16-2016, 07:51 AM   #1
Full time employment: Posting here.
 
Join Date: Mar 2015
Location: philly
Posts: 875
Pre retirement jitters.

Did anyone experience them??
So I'm officially retired in two weeks. On one hand I'm super excited. I hate my present job, don't see that changing with mega corp. I've been offered a "go away" package (6 months salary and 6 months health care). On the other hand I've anxious.... What if I'm bored, what if I'm hit by a meteor and need super expensive health care, ...

Anyone else experience this before taking the plunge?
financially I'm fine, I've run a number of different financial calculators, got healthcare cost taken care of until medicare (I'm currently 55) and have a plan for what I want to do after I retire.

Nervous nelly
__________________

__________________
bclover 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 03-16-2016, 07:56 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,964
I had some misgivings, but nothing serious. It may not be universal, but it's perfectly normal for many/most, you're taking a big (irreversible) step. Many of us felt the same as you before our last day at work.

Some people don't experience boredom in retirement, some do. But if you find yourself bored, it's curable with a little work. The Get-A-Life tree exercise in Zelinskis books might help, I did it before I retired and it was very reassuring. YMMV

You'll be fine...
__________________

__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is online now   Reply With Quote
Old 03-16-2016, 08:23 AM   #3
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,074
Based on what I read repeatedly here about folks nearing the big date, I think it is probably typical and will pass once you discover how nice it is to cross the finish line.

That said, I can only relate to your excitement, not to your nervousness. I was so darned ready to gain my freedom I couldn't wait!
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 03-16-2016, 08:28 AM   #4
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 8,802
I was nervous in that short window between when I gave notice and my last day. I'd run every calculator and worried I was missing something. Plus I had people asking me, every day, "how can you afford to retire so young? It's impossible!". That added to my doubt.

I had a bit of nervousness about the finances for the first few months of retirement.... but that went away because I was too busy to think about it....

You'll be fine! Congrats on your upcoming retirement!!!!
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 7%, rental income 18%
rodi is offline   Reply With Quote
Old 03-16-2016, 08:30 AM   #5
Thinks s/he gets paid by the post
steelyman's Avatar
 
Join Date: Feb 2011
Location: Triangle
Posts: 3,218
I agree with those replies thus far. Even if you have yourself ready financially (sounds like you do), it's still an unknown. Like your first day in a new school, maybe even in a new town. You'll settle in at your own pace.

There's talk about people asking you, "but what will you DO all day?". The response to that I use (to still-working friends, and in a friendly way) is to ask, "what do YOU do all day?". Almost always they smile and say, "oh, I see".
__________________

steelyman is offline   Reply With Quote
Old 03-16-2016, 08:30 AM   #6
Full time employment: Posting here.
 
Join Date: Mar 2015
Location: philly
Posts: 875
Quote:
Originally Posted by rodi View Post
I was nervous in that short window between when I gave notice and my last day. I'd run every calculator and worried I was missing something. Plus I had people asking me, every day, "how can you afford to retire so young? It's impossible!". That added to my doubt.

I had a bit of nervousness about the finances for the first few months of retirement.... but that went away because I was too busy to think about it....

You'll be fine! Congrats on your upcoming retirement!!!!
I've gotten that and "what are you going to do all day without work" question every single day.
__________________
bclover is offline   Reply With Quote
Old 03-16-2016, 08:50 AM   #7
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Eagan, MN
Posts: 3,043
I am feeling it now. If I was 45, not 56, I would even be more worried.

I am taking the plunge, even if I see a few sharks. Life is short.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is online now   Reply With Quote
Old 03-16-2016, 08:54 AM   #8
Thinks s/he gets paid by the post
euro's Avatar
 
Join Date: Oct 2015
Posts: 1,099
Quote:
Originally Posted by Senator View Post
I am feeling it now. If I was 45, not 56, I would even be more worried.

I am taking the plunge, even if I see a few sharks. Life is short.

I agree! My FIRE date is April 8 - the sensation is bit odd, but very exciting!
__________________
euro is offline   Reply With Quote
Old 03-16-2016, 08:57 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,874
As long as you have enough money, it will all work out. Worst case, go back to work, maybe in a different field for less money but more fun.
__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 03-16-2016, 08:58 AM   #10
Thinks s/he gets paid by the post
RockyMtn's Avatar
 
Join Date: Jul 2009
Location: North Scottsdale
Posts: 1,229
Your feelings are quite normal. Once you get to the finish line it will change to "why did I wait so long"?


Plus, if for some unforeseen reason you don't like retirement, you can always go back to w*rk.
__________________
FIRE'D in July 2009 at 51...Never look back!
RockyMtn is online now   Reply With Quote
Old 03-16-2016, 09:00 AM   #11
Moderator
Ronstar's Avatar
 
Join Date: Aug 2007
Location: A little ways southwest of Chicago
Posts: 9,337
I didn't have any jitters - probably because I eased into retirement. I worked 1-2 days a week my last year of work, so full retirement wasn't much of a change. I had plenty of hobbies in place to keep me busy, and I retired in early April when I also had plenty of home and yard work to tackle.


Sent from my iPad using Early Retirement Forum
__________________
Ronstar is online now   Reply With Quote
Old 03-16-2016, 09:01 AM   #12
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,826
You'll be fine. If you are confident in your financial planning for retirement, then you will get a chance to prove that it works in the real world. What a victorious feeling, to develop a plan from scratch, see it put into action and watch it WORK!

Often people just wish they were retiring too, and the kneejerk response for them is to ask those questions.

Even though I was 61 when I retired, I *still* got the "How can you afford to retire? It's impossible!" question that you younger retirees got. So I'd ask them if they max out the TSP every year like I had been doing every single year, and they'd always say no, they didn't have the money to do that. Instead, they were accumulating consumer debt and had payments on that. It's just priorities and my first priority was to retire; theirs wasn't and I guess they were hoping that Santa Claus was going to come along and give them a nice retirement without having to save for it.

As for "What will you do all day?", I thought a pretty good answer was to say, "The same things I do now on Saturdays."

I did not prepare psychologically for retirement at all, and that concerned me. But it turned out that everything worked out just fine. I felt a little lost for a few hours on the day I retired and maybe the next day a little since I didn't exactly know what to do with all that freedom (so I went clothes shopping! ). After that I was ecstatic with retirement and remain so to this day. I am hoping your experience is the same, but if not, I have heard that the Zelinski book that Midpack referred to is pretty terrific. Here's a link to it.

http://www.amazon.com/How-Retire-Hap...words=Zelinski
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 03-16-2016, 09:15 AM   #13
Thinks s/he gets paid by the post
Rustic23's Avatar
 
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 3,624
Sure, I would think just about everyone has some trepidation. But I remember what an old flight instructor told me. No decision is irreversible. I think this holds true for retirement also. If you read this forum long enough you will find people that retired and it worked exactly like they thought it would, some that changed their minds and took up new hobbies, and some, a minority, that went back to work. The retirement choice is not life or death. For us it was life and more life!
__________________
If it is after 5:00 when I post I reserve the right to disavow anything I posted.
Rustic23 is offline   Reply With Quote
Old 03-16-2016, 09:21 AM   #14
Recycles dryer sheets
 
Join Date: Jul 2005
Posts: 199
I was very nervous that I didn't have enough to retire. My sister had retired a few years before me and was wonderful about reassuring me I could do it !
__________________
Dancer373 is offline   Reply With Quote
Old 03-16-2016, 09:29 AM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,407
Your jitters are very normal. Humans are creatures of habit and change is unsettling. Things will be fine.

Many people who know me thought that I would go crazy not working.... I wasn't sure... I took the plunge and have been pleasantly surprised how happy that I can be puttering around and not doing much of anything.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is online now   Reply With Quote
Old 03-16-2016, 11:05 AM   #16
Thinks s/he gets paid by the post
 
Join Date: Jan 2008
Posts: 1,495
It's useful to remember that retirement is a life event, like many others individuals go through throughout their lives. These include education, marriage, kids, possible divorce, financial problems, etc. You've made it to 55, so it's highly doubtful you won't successfully navigate this new transition.

For me, retirement was like that Munchinkland scene in the Wizard of Oz where Dorothy walked from black and white into color. I can't conceive of how I put up with working and all the nonsense that goes along with it.
__________________
Options is offline   Reply With Quote
Old 03-16-2016, 12:28 PM   #17
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,501
Quote:
Originally Posted by travelover View Post
Worst case, go back to work, maybe in a different field for less money but more fun.
No, the worst case is that he gets hit by that murderous bus and dies on the way home on his last day of work.

bclover, this is all normal. It's a big change, usually irreversible, and there is bound to be some anxiety over it. After a while you start to wonder how you had time to work.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 03-16-2016, 12:33 PM   #18
Thinks s/he gets paid by the post
 
Join Date: Jan 2008
Posts: 1,495
Going through this excellent "checklist" (of sorts) may help you feel more prepared as well:

https://www.bogleheads.org/forum/vie...rt=50#p2786486
__________________
Options is offline   Reply With Quote
Old 03-16-2016, 01:43 PM   #19
Recycles dryer sheets
 
Join Date: Oct 2011
Location: Upstate Ruralia
Posts: 283
"For me, retirement was like that Munchinkland scene in the Wizard of Oz where Dorothy walked from black and white into color. I can't conceive of how I put up with working and all the nonsense that goes along with it."

I LIKE this!!!! Expresses PERFECTLY how I felt/feel today after three years retired...

I'm gonna use this next time someone asks me what it's like to be retired.......
__________________
Lcountz is offline   Reply With Quote
Old 03-16-2016, 03:00 PM   #20
Recycles dryer sheets
 
Join Date: Jan 2015
Location: Toronto
Posts: 179
Quote:
Originally Posted by Lcountz View Post
"For me, retirement was like that Munchinkland scene in the Wizard of Oz where Dorothy walked from black and white into color. I can't conceive of how I put up with working and all the nonsense that goes along with it."

I LIKE this!!!! Expresses PERFECTLY how I felt/feel today after three years retired...

I'm gonna use this next time someone asks me what it's like to be retired.......
The witch had told herself, "I'll just work 'one more year' to be sure that I have enough/won't get bored...."
__________________

__________________
Davis65 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
Pre-Retirement Then Post-Retirement Income Transition Planning LongTerm FIRE and Money 43 08-04-2014 11:01 AM
Having Retirement Jitters KaChing Hi, I am... 9 01-04-2008 07:37 AM
Finally, an end to the "80% of pre-retirement income" thumbrule Nords FIRE and Money 15 10-02-2006 01:20 PM

 

 
All times are GMT -6. The time now is 10:40 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.