Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Why do they even call it "retirement"?
Old 07-11-2005, 07:11 AM   #1
Full time employment: Posting here.
 
Join Date: Jan 2004
Posts: 844
Why do they even call it "retirement"?

It makes no sense to me..."when I retire I want to get a job that....."

Of the 1,000 Americans over 50 that MetLife interviewed recently, nearly 60 percent of men and women between 50 and 59 pointed to nonprofit or public service jobs as their top choice upon retirement.


http://bostonworks.boston.com/globe/...e/071005.shtml
__________________

__________________
farmerEd 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: Why do they even call it "retirement"?
Old 07-11-2005, 07:28 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,409
Re: Why do they even call it "retirement"?

My 57 year old sister works for Goodwill - hard work - odd hours. They don't have the resources to retire - hubby is a mining engineer - no pension and they move/moved a lot - mining is worse than aerospace was for job security.
__________________

__________________
unclemick is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 08:23 AM   #3
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,352
Re: Why do they even call it "retirement"?

mick,
were you a spacecraft or airplane aero?
__________________
OldAgePensioner is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 08:39 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,409
Re: Why do they even call it "retirement"?

American SST, Skylab, Viking, Space Shuttle.

Goo and stick - adhesives, paint, composites, heat shields, insulation. M&P lab rat and prototype/test articles.
__________________
unclemick is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 09:04 AM   #5
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,352
Re: Why do they even call it "retirement"?

mick,
mid eighties we tried to build a replacement mirror for "lets just say" Hubble and we had a lot of metal matrix composite stuff with graphite/mag, etc.

We settled (er, hm hmm) on a 50ft diameter condom with silverized surface. We used it as one side of a capacitor with 15kV charge. Nearly killed one guy, he got a lightning bolt to his head.

Ahh, research and development.
__________________
OldAgePensioner is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 09:32 AM   #6
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,352
Re: Why do they even call it "retirement"?

farmerEd,
back to topic.

An interesting definition of retirement:* "Withdrawal into seclusion and privacy"
www.dictionary.com

It seems a lot of people call it retirement when in actual fact, they just want to get away from the 30-40 years of feeling trapped by obligations to family/self/society.

Maybe they should just call it "recess" or in MRGALT's world "nap-time" or "cookies and milk time."
__________________
OldAgePensioner is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 09:44 AM   #7
Full time employment: Posting here.
 
Join Date: Jan 2004
Posts: 844
Re: Why do they even call it "retirement"?

I don't think any less of people who "scale back", leave a long-term job and do something thats perhaps more satisfying, even if it makes less money (or is volunteer), I was only commenting on how it still gets called "retirement", even by the press.

To me thats like a 40 year 2 pack-a-day Marlboro smoker saying he is going to "quit smoking" - and then starts smoking Camels instead...and still declares that he "quit".
__________________
farmerEd is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 09:55 AM   #8
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,352
Re: Why do they even call it "retirement"?

Ed,
But what about a 2-Packer Marlboro cowboy scaling back to one small single Camel (low tar) a day.

What level of activity do you think a "so-called" retiree is allowed?
__________________
OldAgePensioner is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 10:52 AM   #9
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Why do they even call it "retirement"?

Quote:
Originally Posted by farmerEd
It makes no sense to me..."when I retire I want to get a job that....."

Of the 1,000 Americans over 50 that MetLife interviewed recently, nearly 60 percent of men and women between 50 and 59 pointed to nonprofit or public service jobs as their top choice upon retirement.


http://bostonworks.boston.com/globe/...e/071005.shtml
I don't believe it. I think they gave what they thought was the PC answer.
Serve your fellow man and all that..............

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 11:06 AM   #10
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 214
Re: Why do they even call it "retirement"?

Maybe we need an "ER Snobs" forum for the work-free purists among us?

That way there would be no mixing with the "unclean" who enjoy a little part time work

__________________
RockMiner is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 11:22 AM   #11
Thinks s/he gets paid by the post
retire@40's Avatar
 
Join Date: Feb 2004
Posts: 2,670
Re: Why do they even call it "retirement"?

Quote:
Originally Posted by R_K
That way there would be no mixing with the "unclean" who enjoy a little part time work
I know I would enjoy full retirement, but unfortunately I'm not there yet.* So until I reach that goal in a few years, I'm taking the next best thing; self-employed semi-retirement.

I could have kept working 60 hour weeks and reached full-retirement much sooner, but I don't have the fire-in-the-belly to do so.* When I work a full day plus, I think that is one less "free" day in my life and it's depressing.

Working only 4 hours a day in a 3 or 4 day workweek, gives me just enough free time to allow me to do fun things and keeps my stress down to a somewhat tolerable level.
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
retire@40 is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 11:34 AM   #12
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
 
Join Date: Oct 2004
Posts: 1,719
Re: Why do they even call it "retirement"?

Quote:
Originally Posted by OldAgePensioner
It seems a lot of people call it retirement when in actual fact, they just want to get away from the 30-40 years of feeling trapped by obligations to family/self/society.
OAP -- you make a very valid point. As young people enter adulthood, they take on more and more responsibilities. In the process, they lose time for themselves and relinquish many of their dreams (most of the time for good).
__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
Jay_Gatsby is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 11:49 AM   #13
Thinks s/he gets paid by the post
retire@40's Avatar
 
Join Date: Feb 2004
Posts: 2,670
Re: Why do they even call it "retirement"?

Quote:
Originally Posted by Jay_Gatsby
As young people enter adulthood, they take on more and more responsibilities.* In the process, they lose time for themselves and* relinquish many of their dreams (most of the time for good).
How true.* Remember when you were a kid and would like to build things, invent things, setup a lemonade stand, and had lots of curiosities?

Most careers tend to force people to focus only on working and deprive their minds from creativity and the joys and passions of learning new things about the world.

I've always resisted those career blinders.* That's probably why instead of climbing a corporate ladder, I've just made my own ladder with only enough rungs to get to my FI goal.
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
retire@40 is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 12:18 PM   #14
Full time employment: Posting here.
 
Join Date: Jan 2004
Posts: 844
Re: Why do they even call it "retirement"?

Quote:
Originally Posted by retire@40
Working only 4 hours a day in a 3 or 4 day workweek, gives me just enough free time to allow me to do fun things and keeps my stress down to a somewhat tolerable level.
I think for someone who hopes to Er's extra early, you may have the best model. I basically burnt myself out at my job (self-employed) and got to the point where I had to cut the cord completely...in hindsight, since I still have too many obligations here to do all the travelling I'd like (4 kids in grade school), had I somehow had the forthought to gradually scale down to a nice balance it might have been better. My goal always has been more "FI" than "RE"...once you are "FI" you can comfortably swing back and forth from full-R, to partial-R, to full -Work etc...you can also pick and choose what opportunities that you want to work on.

SO far (3 years+) I have resisted the urge to take on any projects, I think about wading back in but fear my personality won't let me do anything part-time...its always been all or nothing for me...and right now iwht 4 small kids I don't want to miss that...3 more years they will all be in school and it will be a good time to try a small gig here and there.
__________________
farmerEd is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 12:47 PM   #15
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,352
Re: Why do they even call it "retirement"?

Jay_Gatsby,

I surely lost my dreams early but luckily they were only delayed.

At 15, I suddenly became the bread winner for a large family. Nothing I did for the next 12 years were things I wanted to do.

The jobs were just jobs and I kissed every rear end that had to be kissed to keep those minimum wage jobs.

It surely taught me humility, I look down on nobody.
__________________
OldAgePensioner is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 12:53 PM   #16
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: Why do they even call it "retirement"?

Althought the forum is titled early retirement. I think our main focus and desire is to be FI and probably leave the current job for whatever reason.
If those of us who become FI, choose to be involved in an activity that can be label as "work", I say, so what.
If some of us have achieved only 90% FI, left the employer and want a little supplemental income instead of being more frugal, I say, so what.
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 02:36 PM   #17
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
 
Join Date: Oct 2004
Posts: 1,719
Re: Why do they even call it "retirement"?

Quote:
Originally Posted by OldAgePensioner
The jobs were just jobs and I kissed every rear end that had to be kissed to keep those minimum wage jobs.

It surely taught me humility, I look down on nobody.
You had a clear reason for doing so, and I absolutely respect and admire your selfless commitment to your family.* On the other hand, it's difficult to handle situations where you don't have to "kiss every rear end" -- except, of course, if you ever want to climb the rungs of the corporate ladder.

I know of a few folks who refused to kiss the rear ends of law firm partners they didn't respect.* Naturally, their failure to do so completely destroyed any partnership chances they had.* Yet they didn't care, and launched their own businesses.* Are they happier now?* Who knows.* All I do know is that they chose career niches that allow them to work as much or as little as they want in perpetuity.* Will they ever retire?* I doubt it, although they may scale things back more and more as the years go by.
__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
Jay_Gatsby is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 02:38 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,387
Re: Why do they even call it "retirement"?

Quote:
Originally Posted by Jay_Gatsby
I know of a few folks who refused to kiss the rear ends of law firm partners they didn't respect.* Naturally, their failure to do so completely destroyed any partnership chances they had.* Yet they didn't care, and launched their own businesses.* Are they happier now?* Who knows.* All I do know is that they chose career niches that allow them to work as much or as little as they want in perpetuity.* Will they ever retire?* I doubt it, although they may scale things back more and more as the years go by.
Jay, are these niches within the practice of law? What would be some such?

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 03:38 PM   #19
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,352
Re: Why do they even call it "retirement"?

J_G,
The law, medical, business, etc professions are fields that require great skills and I was not up in them. Thank my Lucky Charms.
__________________
OldAgePensioner is offline   Reply With Quote
Re: Why do they even call it "retirement"?
Old 07-11-2005, 04:31 PM   #20
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
 
Join Date: Oct 2004
Posts: 1,719
Re: Why do they even call it "retirement"?

Quote:
Originally Posted by HaHa
Jay, are these niches within the practice of law? What would be some such?
I think the success of my acquaintences was more a function of personality and tenacity, plus a healthy dose of "no fear", rather than just choosing the right niche.* However, since you asked, the market niches I have direct knowledge of are:

IT outsourcing/strategic sourcing -- not shipping jobs overseas, but rather negotiating IT contracts with dozens (if not hundreds) of IT vendors on behalf of large companies.* Trust me, it doesn't take an army of associates to do this.

Trusts & Estates -- her husband is a stockbroker/financial planner, so there was an instant pipeline of clients.* Nevertheless, she was a litigator for 12 years, so the transition to a non-adversarial practice wasn't easy.

Condominium and planned community -- with the explosion in the housing markets, and quite a few expensive condo buildings and communities being built, there is an ever-growing need for lawyers to represent the associations.* Not huge money, but the hours are very predictable, and any litigation my friend encounters (which it almost never gets that far) is outsourced to a small litigation firm.

FTC/advertising -- quite a few businesses get in trouble with state and federal advertising regulators.* Things never get very far in either situation, but a lawyer is essential to negotiate a decent settlement.

There are dozens more, but I only know folks that practice in the foregoing areas.* All it takes is a decent nest egg to fund the initial low income period and start-up expenses, as well as a healthy dose of "no fear" about flying solo.* I admit that I currently lack the requisite "no fear" quality, but as I get older (approaching 35 in a few months), I continually ask myself "WHY NOT?"* *
__________________

__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
Jay_Gatsby 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
Christmas Eve Call............ FinanceDude Other topics 8 12-28-2006 10:17 AM
phishing call as mutual fund ? JohnEyles Other topics 3 10-11-2006 01:46 PM
No Call List? What No Call List? mickeyd Other topics 5 10-04-2006 10:50 AM
E-TRADE'S offshore call center. Lakewood90712 FIRE and Money 16 03-09-2006 04:32 PM
The other side of the call center Nords Other topics 4 10-04-2005 01:34 AM

 

 
All times are GMT -6. The time now is 11:49 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.