Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Semi-retirement
Old 10-11-2015, 05:20 PM   #1
Full time employment: Posting here.
ER Eddie's Avatar
 
Join Date: Mar 2013
Posts: 721
Semi-retirement

How many here are semi-retired or aiming to be?

By semi-retired, I mean working part-time (20 hrs/week) or less. Usually you're working because you want to, rather than because you have to, but some semi-retirees will be doing it because they have to.

I'm planning on downshifting to part-time in about a year. I could retire completely if I wanted to, but I'd rather keep working part-time at my current job, for a number of reasons. Here are some of them:
  • I like the additional income. It'll mean I don't have to draw down my other accounts. I'll continue to get some benefits as well.
  • I enjoy the intellectual stimulation and challenge of work, and I like being around most of the people there.
  • I know my stuff by this point, and I like contributing. My work feels meaningful, and it's not too much of a headache.
  • If I retired completely and took a few years off, it would be much harder to re-enter the field.
  • I'm really not ready for full retirement at this point; I think I would eventually get bored and want to do some type of work.
  • It'll provide a transition period so I can have more time to think, relax, and consider what my next step is (e.g., continue working there, shift to another job, move, etc.).


Many of the benefits of retiring will come along with it, too, such as more free time, more time for relationships, more time to pursue interests/hobbies, increased health, more time to pursue personal and spiritual growth, less time on the job, less job-related stress, etc.

I get the impression that this forum is mostly full of people who have made a complete break from the work world or are aiming to do that. I was wondering if there were other semi-retirees or hopeful semi-retirees here. I was just reading that 42% of people plan to semi-retire. It seems like a good option for me, at this point.
__________________

__________________
ER Eddie 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 10-11-2015, 05:34 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 2,972
I'm not sure what you call my situation. I quit full time work just before my 32nd birthday. Since then, i've been self employed working about 80 days/yr. I make just enough to cover my low(<$15K/yr) expenses so I don't have to touch my tax deferred savings. If a 60 year old in my situation is considered semi-retired then shouldn't I also be considered semi-retired even though i'm only 36?

Going to a part time schedule has made my life so much better. I highly recommend it to anyone who has the means to do so.
__________________

__________________
aaronc879 is online now   Reply With Quote
Old 10-11-2015, 05:58 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
I consider myself semi-retired. Rather than consistent part time work I have settled for lumpy work. I bailed almost 2 years ago on the career job. Took 8 months off. Stumbled into a contract gig which is allegedly full time (the pay is, the work is not) which will end at YE. I have since rustled up another contractor gig that goes in fits and starts and is nothing like full time. Some years I will have lots of work and high income, other years I will have a lot less of both and more free time. I am 42 and doing this because I have two kids under 12 and don't have so much money that I can afford to walk away and never work again.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 10-11-2015, 06:26 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Dec 2014
Location: Florence, AL/Helen, GA
Posts: 2,093
Intellectual stimulation, challenge of work, contribution and meaningful were not words I often thought of while working for my Megacorp. We worked harder than any other individuals I know. And at least my early retirement gave me time to relax, think and consider what contribution to society I'll make tomorrow.

That is after we watch Let's Make a Deal and Price is Right to start our day.
__________________
Bamaman is offline   Reply With Quote
Old 10-11-2015, 06:48 PM   #5
Full time employment: Posting here.
Sojourner's Avatar
 
Join Date: Jan 2012
Posts: 732
Definitely in the semi-retired camp here. I'm in my late 40s and have realized since leaving my full-time job a few years ago that I still need some structure and and sense of "purpose", I guess. Doing some part-time work for a few clients has helped to provide that while I'm in this transition mode, where I haven't quite figured out the whole retirement puzzle yet. And of course, the extra income doesn't hurt. It actually feels pretty nice whenever I log a few billable hours, knowing that I did something that I felt was "productive" (especially if I learned something interesting in the process) and that I put some extra money in my checking account that I would otherwise have had to fund through dividends or CG distributions.
__________________
Sojourner is offline   Reply With Quote
Old 10-11-2015, 06:54 PM   #6
Dryer sheet aficionado
 
Join Date: Dec 2013
Location: Houston
Posts: 49
Semi-retirement is my short-term goal. Not because I love work so much, but think my quality of life would increase substantially if I just had less of it & more free time. And I will feel much more secure financially if I can keep medical insurance with employer subsidy until Medicare age. The struggle is finding the right position.
__________________
HtownRose is offline   Reply With Quote
Old 10-11-2015, 07:04 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,899
I thought I'd work part time once I retired, too. But I have all the money I need and I hate having a schedule. So, part time never happened.
__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 10-11-2015, 07:06 PM   #8
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Eagan, MN
Posts: 3,067
I will still manage and maintain my 24 rentals. I will also continue to be the president and HOA property manager while my portfolio grows. It will be 20-40 hours a month.

It will allow a nice transition period with lots of travel.
__________________
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 10-11-2015, 07:08 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2013
Posts: 5,327
I work part-time from home. I like the extra income and the mental work.
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
daylatedollarshort is offline   Reply With Quote
Old 10-11-2015, 07:08 PM   #10
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Houston
Posts: 1,435
Quote:
Originally Posted by brewer12345 View Post
Stumbled into a contract gig which is allegedly full time (the pay is, the work is not) which will end at YE. I have since rustled up another contractor gig that goes in fits and starts and is nothing like full time.
How have you been finding these gigs? Networking? Job postings? Recruiters? I assume they're financial in nature...which is why this is interesting to me.

My plan is to do something similar in another 5 years, but not sure how hard it will be to find part-time or contract finance jobs that are not entry-level.
__________________
soupcxan is offline   Reply With Quote
Old 10-11-2015, 07:12 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by soupcxan View Post
How have you been finding these gigs? Networking? Job postings? Recruiters? I assume they're financial in nature...which is why this is interesting to me.

My plan is to do something similar in another 5 years, but not sure how hard it will be to find part-time or contract finance jobs that are not entry-level.
The first was pretty much dropped in my lap by a buddy and former colleague. The second was from responding to a want ad on the Mom Corps site.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 10-11-2015, 07:38 PM   #12
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Houston
Posts: 1,435
Quote:
Originally Posted by brewer12345 View Post
a want ad on the Mom Corps site.
I didn't know you were...a mom? Thanks for the tip. What you have sounds like exactly what I want in about 5 more years.
__________________
soupcxan is offline   Reply With Quote
Semi-retirement
Old 10-11-2015, 07:46 PM   #13
Recycles dryer sheets
 
Join Date: Jan 2014
Posts: 96
Semi-retirement

I intend to semi ER early next year. I am an attorney and I will rent my office to another attorney. I will
Keep my transactional work, mediation and gal work. All are low stress but give me satisfaction. I will be 44 in dec and I will need the income to bridge the gap until 55-60. Of course if the plan goes south I can go back to work. The hard part is proving to be disconnecting myself from all current clients.


Sent from my iPhone using Early Retirement Forum
__________________
prose3589 is offline   Reply With Quote
Old 10-11-2015, 08:10 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by soupcxan View Post
I didn't know you were...a mom? Thanks for the tip. What you have sounds like exactly what I want in about 5 more years.
Silly name for a recruiter that focuses on part time, flexible and contract work for highly skilled people. And some people have called me a "mother" at times...
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 10-11-2015, 08:18 PM   #15
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,613
I'm in an odd situation. I "retired" in April 2013 when I was laid off from my IT job. I got a nice severance package and did the math, and realized I probably never *had* to work another hour in my life. But I didn't intend to entirely withdraw from the workforce, but rather took time off like a sabbatical, knowing I'd never again be a wage slave in terms of *needing* to work. I also knew I never wanted to be a corporate drone or work full-time ever again.

Three months later I started working one morning a week at a tiny post office about 25 miles away, just for something to do and (just in case) close the unemployment gap on my resume. One thing led to another, and two years later, even though I didn't seek it (and really had little choice other than to quit entirely), I wound up in a "career" 20-25 hour a week position as a postal clerk. For now it seems fine; the job itself is fine and my boss is pretty easy to work for, even though waking up at 5-5:30 AM six days a week sucks sometimes. But I tell myself that not many people get full FEHB medical benefits and retirement (FERS and TSP) for 20-25 hours a week, and that aspect makes me feel a little more lucky to be where I am.

In reality, I'd prefer to be in my sleepy PO here in town, three blocks from home as I was for a while, working 2-3 days a week and 4 hours a day as I used to. And I still consider myself semi-retired, even though I am now a "career" postal employee, since we don't NEED for me to work and I probably average about 23 hours a week. That all said, I run the numbers again and again and I know, especially with the ACA as a backstop, we'd be fine if I quit tomorrow. Knowing that -- really *knowing* that, not just telling myself that -- makes the w*rk day MUCH easier. Knowing I can walk away and working a part-time schedule makes me feel semi-retired, even now.

There is no one "right" way to do retirement or semi-retirement. Though I'd say if you still need to work in order to pay the bills and put food on the table, you're probably not even semi-retired.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 10-11-2015, 08:19 PM   #16
Recycles dryer sheets
 
Join Date: May 2013
Location: The Villages
Posts: 87
I work approx. 5 hours per week for my firm on various projects. The hourly rate is high enough so that with DH's pension, we do not have to use our investments. DH will also have no need to take SS before age 70. When DH turns 70 in 3 years, I will most likely retire for good at 62.
__________________
Pbkmaine is offline   Reply With Quote
Old 10-11-2015, 08:21 PM   #17
Thinks s/he gets paid by the post
ExFlyBoy5's Avatar
 
Join Date: May 2013
Posts: 1,977
I fully enjoyed my 10 months of doing NOTHING after I "officially" retired. Since the DW isn't ready to retire, I figured out I need to do *something* to keep myself occupied. Sure, I could log a good 13 hours a day in the hammock, but it might get old (or not). SO...I decided to go to law school. It's a crazy thing, I know...but it's something that has been a pseudo goal of mine since about 1996 and since I really have nothing else going on, I decided to see what it's all about. As expected, I am pretty busy with it...but it's a good busy. It's intellectually stimulating and I am learning much more about the law than I thought I would.

The bonus of it all is that there is NO pressure to compete with classmates, no pressure to be "the best of the best" and NO pressure to do anything other than learn/do what I want to do. Since I don't have any *real* intention of being a lawyer, it makes the learning much more pleasurable. Probably the best part is that I DON'T have to do it. I can stop going tomorrow if I want..,no harm, no foul. The only real challenge I face is sitting in class with a bunch of 23 year old kids.

Oh and just for the record, I am not paying for law school. As a matter of fact, I am making a cool $11K a year to sit in class 20 hours a week for 8 months out of the year. So...no worries on "spending down" my assets.

If I weren't doing this, it's quite possible I would look into "other opportunities." I don't think it would revolve around w*rk per se, but perhaps advanced cooking classes or something of the sort. But, I am still pretty young...lots of adventures yet to explore!
__________________
Founder and Head Lounger @ The Life of Leisure Institute
Retired in 2014 at the Ripe Age of 40.
ExFlyBoy5 is offline   Reply With Quote
Old 10-11-2015, 08:31 PM   #18
Recycles dryer sheets
 
Join Date: May 2013
Location: The Villages
Posts: 87
How do you make $11k per year by going to law school?
__________________
Pbkmaine is offline   Reply With Quote
Old 10-11-2015, 08:34 PM   #19
Full time employment: Posting here.
 
Join Date: Apr 2015
Posts: 903
Quote:
Originally Posted by FlyBoy5 View Post
Oh and just for the record, I am not paying for law school. As a matter of fact, I am making a cool $11K a year to sit in class 20 hours a week for 8 months out of the year. So...no worries on "spending down" my assets.
Curious, retired military?
__________________
hnzw_rui is offline   Reply With Quote
Old 10-11-2015, 09:13 PM   #20
Thinks s/he gets paid by the post
ExFlyBoy5's Avatar
 
Join Date: May 2013
Posts: 1,977
Quote:
Originally Posted by hnzw_rui View Post
Curious, retired military?
'Sho 'Nuff!
__________________

__________________
Founder and Head Lounger @ The Life of Leisure Institute
Retired in 2014 at the Ripe Age of 40.
ExFlyBoy5 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
Transitioning from semi-retirement to retirement? RDamien FIRE and Money 0 06-17-2008 02:01 PM
Semi-retirement short timer Hi, I am... 28 06-23-2005 10:53 AM
Path for Semi-Retirement ferco FIRE and Money 3 01-08-2005 07:21 PM
Path for Semi-Retirement ferco FIRE and Money 0 01-08-2005 10:18 AM
Semi-Retirement? lauraf13 Life after FIRE 7 09-11-2002 12:32 PM

 

 
All times are GMT -6. The time now is 12:17 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.