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Old 06-15-2015, 01:16 PM   #21
Confused about dryer sheets
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Balance, I was in your shoes 4 years ago, after being in retirement (and loving it) for 2 years. I decided to go back to w*rk, to see if I could have some more fun (I really DID have fun early in my previous j*b) and to see if I could be successful. I knew within the 1st year of going back that it was not the best decision, both because ER was so good, and the 2nd j*b was not the same as the first. But I decided to stick it out for another 3 years because I could not leave my new company hanging.


Question is, if you found out giving up ER was a mistake (for whatever reason), how long would it take you to go back to ER?


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Old 06-15-2015, 01:28 PM   #22
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Once you decide you have "enough" you should let go.
That decision was not made lightly, and you probably agonized over it for quite some time.
So when you made the decision, it was a carefully thought out paradigm and you had considerable confidence in it.

I can't really understand why anyone would keep rethinking that decision.
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Old 06-15-2015, 01:31 PM   #23
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I can't really understand why anyone would keep rethinking that decision.
He said

"couple of these opportunities would be very lucrative"

I am assuming that the level of compensation for coming out of retirement is far above the level he decided to walk away from --
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Old 06-15-2015, 01:34 PM   #24
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Sorry, but this is not a dilemma.

A dilemma is a problem, with only two options, neither of which is totally acceptable. First, you are retired and have a FIRECalc 100% chance of portfolio survival. That is not a problem, it's a great place to be. Second, one of the options, which is to remain retired, is totally acceptable.

This is really a question of "how much is enough?". Looking ahead and thinking about your senior years, what do you need more - money or time?
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Old 06-15-2015, 04:01 PM   #25
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MichaelB, you may be right! It probably is more of how much is enough. But, is that not a dilemma? I mean that seems to be one the most sought after answers by this group and others on other retirement blogs. Some people are checking out in there 30's with a million dollars while others are waiting until their 50's or later and would not pull the plug until they have 2+ million. Thus, each group would say the others option is unacceptable. ha! Ok, maybe that's not fair but it is relevant to the question at hand.

I think militaryman and some others said it right. What significance will this sacrifice of time for lucrative money have in the future. The problem is right now, I don't know of such a need. But, one may come up later and will I regret not having taken advantage of one of these opportunities to better position me for that possibility.

Just some thoughts
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Old 06-15-2015, 06:40 PM   #26
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You have my permission to go back to work. Feel better?
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Old 06-15-2015, 07:23 PM   #27
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I have been working part time for the past two years after leaving an exhausting career running a very busy company. I go into the office one day a week and field some calls and emails from home, or wherever I happen to be. It's a stress free job for me because I enjoy what I do and I know that I don't need the income, so I don't let the little stuff stress me out. But it allows me to dabble a bit with something I enjoy while still having six days a week to do whatever I want.

I recognize this might not be available to everyone, but for those who are questioning whether they are really done, part time may be a very worthwhile thing to consider to test the waters and see how it feels.
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Old 06-15-2015, 07:43 PM   #28
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How many days could you buy with the income to increase your life span?
Not a single day.
So, if you are happy in retirement, stay put.
+1. You say Firecalc has you at 100%, so you would basically be working only to leave more money to someone else. If that is important to you, then take one of the offers. If not, then the choice is very clear, in my mind.
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Old 06-15-2015, 09:06 PM   #29
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I retired 5 years ago at 45 and thought I was done. Then every year since, I have went back for some minor part time work, as I have become a Roth IRA heroin junkie who cant handle the withdrawal symptoms. I swear after this year I am forever cured! Receiving close to 80k from pension and spending under $50k I have no need to, nor did I want to work. I just wanted that damn Roth funded.
I wont say I would do it all over again if I could. But I hope I can say if I was 55 instead of 45 I would not have done it if I had no real need for the money.


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Old 06-15-2015, 10:07 PM   #30
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I have never become "un-retired" but Mr B has, to some extent.

When he took an early out from a county j*b 5 years ago, within a few years (can't remember exact time frames), he enrolled in upper level college courses to convert his decades old bachelor's degree in Business Management to a current bachelor's degree in Accounting. After 2 grueling years of full time study, he set up his own tax accounting business, operating out of the house. He keeps his client load small, and w*rks intensely for a few months each year.

Money is not the issue. He likes to keep his mind sharp and stay current with tax laws. He is currently doing online coursew*rk to become an IRS registered agent. He turns 64 in a few months, for reference.

His favorite clients are veterans, to whom he offers great discounts. He is a veteran himself.

He is very happy with his choices, and I strongly support his need to keep professionally current and mentally occupied.

Bonus : I get my taxes done for free.

I can certainly relate to wanting to keep the mind sharp. I am in a conundrum right now with this very thing. For many years, I thought about going to law school. I never really wanted to be a practicing attorney (because I try to avoid stress in my life and being a lawyer would be way too stressful for me and this world already has TOO MANY lawyers!) but I have been fascinated with law and the challenge that law school would be. So, now I am accepted for the fall term but I just really don't know if I want to endure the stress of it all. Of course, I would be under very little (none) pressure to graduate at the top of the class and with "blind grading", I can sit back and enjoy the ride (as much as the professors would allow with the old school Socratic method of 'teaching'). Not only to mention that it wouldn't cost me a dime...so that's a bonus. BUT...it would cost me time and freedom and I am just not sure I want to give that up for 3 years. But then I wonder if I would have regrets years down the road about NOT at least trying? Oye...I guess I really shouldn't complain, it's not a bad problem to have.
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Old 06-16-2015, 04:11 PM   #31
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Wow! Going to law school to keep your mind sharp seems like using a hatchet where a scalpel would suffice, if you know what I mean. Law school, for me anyway, was a real mind bender and a very intense experience - and I was a lot more laid back than many of my classmates. Still, I think you should do it because it is your dream, and because there is nothing else like it. Just be ready for your head to hurt.

The other caution is that once you put in all that effort to get the law degree, don't be surprised if you want to practice law. There are a lot of lawyers working in roles that help others. I know at least one person who went to law school after retiring from a law enforcement agency, and ended up doing criminal defense work - and loving it.
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Old 06-16-2015, 06:07 PM   #32
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I would encourage you and others who have enough to not be greedy and to open that position they are trying to recruit you for to a younger man who will be having a family and NEEDS the work.

It's obvious it's cheaper to hire you than a full time person or they wouldn't offer you the job. That's poor ethics on the part of the business I think. To employers; If there are able bodied and willing full time workers, then hire able bodied full time workers and quit being so myopic on your bottom line.

Oh, and that young person who gets your job; they will be paying FICA and YOUR social security.

Bail when you cn afford to and open up the job to the next generation that deserves the same chance you had.
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Old 06-16-2015, 06:23 PM   #33
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So, I am in my mid-50's and have been early retired now for almost 18 months. I have a good handle on my expenses and have seen my NW actually increase thanks to a good market and some part-time work that I have really enjoyed. Firecalc gives me a 100% success rate based on my NW and expenses for which my expenses are 80K per year, so I am living very comfortably. I saw where one person said, Retirement is when everyday is Saturday and that is how I have felt. So, whats the problem?

Well, I have been bombarded over this period with various opportunities to jump back into the Rat Race and recently a couple of these opportunities would be very lucrative.

The problem is the OMY syndrome. I could tell myself that I could do this for a couple years and pad the nest egg. I know there would be plenty of days where I say, What the Hell was I thinking? But, the income would probably sooth the pain. However, I have had taste of the good life and being my age, the concept of YMOYL is much more acute.

Thus, my question is for those who have been in my situation. What did you do? How did it turn out. Any transcendental thoughts. Any regrets?
After a year and half out I went back as jobshopper for the 'big bucks'. Without going into detail - being 'hired help' really cured me. I know others who made the mental shift and went a decade or more as 'contract engineers' all over the World.

heh heh heh - a proud 'slacker', ER, and .
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Old 06-16-2015, 09:45 PM   #34
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I would encourage you and others who have enough to not be greedy and to open that position they are trying to recruit you for to a younger man who will be having a family and NEEDS the work.

It's obvious it's cheaper to hire you than a full time person or they wouldn't offer you the job. That's poor ethics on the part of the business I think. To employers; If there are able bodied and willing full time workers, then hire able bodied full time workers and quit being so myopic on your bottom line.

Oh, and that young person who gets your job; they will be paying FICA and YOUR social security.

Bail when you cn afford to and open up the job to the next generation that deserves the same chance you had.
OP said the offers were lucrative, so they are not hiring him cheap, and there are lots of jobs for anyone with a degree, thats why the gov't allows 85,000 foreigners in the country to take jobs each year. There are too many jobs available !!
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Old 06-16-2015, 09:52 PM   #35
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I've been retired for a while now, and continually face this same question.
Heck just got an email for a job in NY paying $170K + bonus, yes its tempting...

I do like the slacker times of retirement, but am also conflicted by notion that I could be spending my time more productively earning $$$$$ , rather than watch the grass grow, or go to a movie in the afternoon.

I do occasional work for a special company, and it is exciting and fun to jump back in the game for a week or two. I have noticed that if it goes past 2 weeks, that I'm quickly turning unhappy about dragging my @ss into the office for the remaining time.

My work endurance has melted away.

If you are worried about a future unforeseen cost (and they do crop up) or that you are missing something. I vote take a job, try it out, worst thing is that you will hate it and you can quit, yes quit and go back to being retired.
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Old 06-16-2015, 09:57 PM   #36
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When I retired I dropped a couple of subtle hints that I might return for the right renumeration. About 2 years after I left, my former boss called with a contract position. I knew of the problem he wanted solved and didn't want to be a part of it so I told him "you can't afford me". His response was "this is a big deal to mega-corp and we will make you happy". My next response was "you can't afford me". He said "I have a blank cheque". When my next response was "you still can't afford me", he figured it out. Can you figure out why I wouldn't 'name my price'?
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Old 06-16-2015, 11:32 PM   #37
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OP said the offers were lucrative, so they are not hiring him cheap, and there are lots of jobs for anyone with a degree, thats why the gov't allows 85,000 foreigners in the country to take jobs each year. There are too many jobs available !!
Not really. For example; Disneyworld is hiring foreigners and laying off Americans. To add insult to injury, the Americans have to train their replacements if they want severance pay.

Pink Slips at Disney. But First, Training Foreign Replacements.


http://www.nytimes.com/2015/06/04/us...ents.html?_r=0

about 250 Disney employees were told in late October that they would be laid off. Many of their jobs were transferred to immigrants on temporary visas for highly skilled technical workers, who were brought in by an outsourcing firm based in India. Over the next three months, some Disney employees were required to train their replacements to do the jobs they had lost.
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Old 06-17-2015, 05:52 AM   #38
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Not fashionable to say here and most members replies are entirely predictable. Anyone can come up with anecdotes where people have gone back to work and been happy with their decision. And probably even easier here, coming up with anecdotes where people have found coming out if retirement to be a mistake. Obviously the latter will be much more common here, you're essentially asking Chevy owners what they think of Fords...

Nothing wrong with soliciting thoughts, but what's right for you is uniquely yours. Only you can know what's right for you. .
Agree. The majority of people here have a fairly predictable mind set. LBYM (sometimes to the extreme), really dislike working(at least near the end), retire as soon as they hit their number. Nothing wrong with this and to a fair degree I agree, but quite predictable.
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Old 06-17-2015, 11:27 PM   #39
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Not really. For example; Disneyworld is hiring foreigners and laying off Americans. To add insult to injury, the Americans have to train their replacements if they want severance pay.

Pink Slips at Disney. But First, Training Foreign Replacements.


http://www.nytimes.com/2015/06/04/us...ents.html?_r=0

about 250 Disney employees were told in late October that they would be laid off. Many of their jobs were transferred to immigrants on temporary visas for highly skilled technical workers, who were brought in by an outsourcing firm based in India. Over the next three months, some Disney employees were required to train their replacements to do the jobs they had lost.
You are correct in everything you say. Same thing happened to me, I had to train 4 Indian (in India) workers to do my job, as 4 of them was cheaper than me. Then I was gone.

Still I picked up a new job easy as pie, and the company suffered with the poor quality workers that replaced me. I'm pretty sure a few of them lied about their skill levels, but why not the bosses are all in USA.

But as the other poster suggested a fellow not take a job offered to him because some young guy needs it for his family is totally out-mode thinking. Instead what will happen is some outsource contract company will get it and stick in an HB-1 body.
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Old 06-18-2015, 09:32 AM   #40
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MichaelB, you may be right! It probably is more of how much is enough. But, is that not a dilemma? I mean that seems to be one the most sought after answers by this group and others on other retirement blogs. Some people are checking out in there 30's with a million dollars while others are waiting until their 50's or later and would not pull the plug until they have 2+ million. Thus, each group would say the others option is unacceptable. ha! Ok, maybe that's not fair but it is relevant to the question at hand.

I think militaryman and some others said it right. What significance will this sacrifice of time for lucrative money have in the future. The problem is right now, I don't know of such a need. But, one may come up later and will I regret not having taken advantage of one of these opportunities to better position me for that possibility.

Just some thoughts
I have been thinking of going back into on-site consulting work part of the year or looking for something part-time the more the tech salaries go up locally. It seems like easy money for maybe having to take a few classes to update my skills again, and I enjoy having some kind of brain work project to do and being around other programmer types. For me, I don't think I would go back into management, a full time salaried job or anything where I had to be solely in charge of a big projects or worse yet multiple big projects.
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