Scott Burns: The Critical 50’s

[cute fuzzy bunny]

Quote:

Originally Posted by REWahoo! Not to worry CFB. In your case I think it's a safe bet to presume the good years are already behind you.

Well, at least I'll always have the mammaries...

[mathjak107]

i like that song "thanks for the mammories"

[REWahoo]

Quote:

Originally Posted by Cute Fuzzy Bunny Well, at least I'll always have the mammaries...

I'm gonna stop before we start sounding like a couple of boobs.

[cute fuzzy bunny]

Two late...

[HFWR]

Quote:

Originally Posted by REWahoo! Not to worry CFB.* In your case I think it's a safe bet to presume the good years are already behind you.

CFB's behind had to come into it somewhere...

[cute fuzzy bunny]

One doesnt have to posteriorate long to come to that conclusion...

[laurence]

Huh, huh, you said, "posterior"...

[SteveR]

Quote:

Originally Posted by Cute Fuzzy Bunny ...posteriorate...

What is that.............thinking out your @ss?

Thanks for the Mammeries CFB 8)

[cute fuzzy bunny]

I'm just glad to divert the discussion from my ass to my breasts...

Speaking of which...I cant believe they didnt decide on a different name...

http://www.bengals.com/community/palmer_cornhole06.asp

[laurence]

This says it all:

"Palmer developed the idea for the event soon after being introduced to the sport of cornhole while living in Cincinnati. “Shae and I got hooked on playing cornhole right after we moved out here. We have wanted to do an event that incorporates the sport for the past few years so we are excited that it’s finally going to happen,” said Palmer. "

Hey, not that there's anything wrong with that!

[cute fuzzy bunny]

Yep, I read that part and had to explain to my wife why I was laughing...

[Craig]

Back to the thread ...

I'm in my fifties, and have now seen quite vividly what can happen to older workers. There is age discrimination clearly, and there are a ton of baby boomers competing for fewer great jobs. These factors throw a curve at many people, at a time when they have very little time left to make FIRE happen. When you're in the thirties and forties, there is a tendency to think the fifties are a time to cruise, and sock more away ... it can be one helluva shock to find out you're not only in a position where you need to save more, but society might not value your skills as much as expected.

We may have personally dodged these bullets, but it was nip and tuck ... many are not so lucky these days. Thank goodness the dot.bomb period has been followed by a bit more appreciation for grey hair.

[Chris24]

I'm suprised no one brought up the reason they may run into the events Scott Burns brings up is that folks work into their 50's. When I first started at my work place, it scared me watching co-workers in their 50's age 10-20 years, their last few years of their career. It was amazing for me to see at the time. Convinced me early to think and plan toward ER, which I am about to do. The stress build up of a job/life, catches up with folks and causes much of the malaise, and ill health, imho.

Side note. My wife knew a doctor whose job it was to be on standby for the weekends and holidays for the executives of a major corporation. Seems most times they had time off, and flew on vacation to relax, something "hit" them, whether it be heart problems or the like.

[VoyT]

I'm thinking my answers would be "yes" and "doubtful."

Maybe there should be one more item on that list: Family crisis.

Maybe it's a sign of the times, but I've seen both co-workers and family members delay retirement (or go back to work after retiring) because they're suddenly having to raise grandchildren, or a divorced child is having financial problems ....

[HFWR]

Sounds like a good time for an extended visit to Thailand...

[Jacey]

I think I have told you that I never intended to retire. I had a friend at work tell me about her parents. She said they had ten good years of retirement, then her mom got Alzheimers, and a good retirement turned sour. She convinced me that sooner or later one partner of a married couple will come down with some malady; afterwards everything revolves around doctor's appts, and medicine, and hospitals, etc. We made it thru the 50s, knock on wood, and so far the early 60s.

This was true of my parents. They retired at 62. My mom had a series of small strokes that damaged her memory at 75. Nothing was the same after that. They both died at 82 within 6 weeks of each other. My mother never smoked or drank or did anything that was unhealthy. She was on 12 different medications after the stroke. The previous blood pressure meds she was on apparently contributed to or caused the strokes. I think the medical community had something to do with damaging my parents quality of life. Be very cautious about what medications the doctors tell you to take.

[73ss454]

Nobody get outa here alive.

[kumquat]

Interesting, I don't remember this thread but the original post hits close to home.

Two years ago I was in the 'yes, yes' column. 16 months ago, BIL (age 61, never sick a day in his life) died. I decided to enjoy what little life I had left and ER'd. Yesterday, brother (at age 52, never sick, yada yada) was diagnosed with PPMS

Fortunately, I have only a few month to go before I'm out of my 50's and therefore out of danger.

[ItDontMeanAThing]

Quote:

Originally Posted by REWahoo 1. Do I have the resources to retire now? 2. Do I have the option of working longer?

Yes, Yes.

Quote:

Originally Posted by REWahoo “Only three people in 10 get through their 50’s unscathed”, says Burns.

That's the main reason I'm retiring early. When I was in my mid 40s I was on track for a comfortable retirement by 60 - 62. As my friends and acquaintances aged, the more I became aware of the incidence of health problems for those in their 50s. I saw how seemingly minor ailments kept me away from my favorite physical activities for weeks or months because I didn't heal anywhere near as fast as I used to.

So I saw a choice: FIRE in a country with a low cost of living while my body was still mostly functioning or wait another 6-8 years and probably have more money and less health. In 107 days I get on a big 'ol jet airliner with a one way ticket out of the country.

[haha]

Quote:

Originally Posted by ItDontMeanAThing In 107 days I get on a big 'ol jet airliner with a one way ticket out of the country.

To where? Alone or with SO?

Ha