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Old 09-27-2012, 12:57 PM   #21
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Current age: 38
Retirement age: 36 for me. For DW? We are FI and that's the only part of FIRE that appeals to her at this point.
Total working years: 9 for me, 12 and counting for DW

No pension.
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Old 09-27-2012, 12:59 PM   #22
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Location: Washington, DC
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I put in 31 years at one Federal agency and retired with a pension at 56. I worked several other jobs (teacher, janitor, auto service advisor, etc) before starting the 31 year career.
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Old 09-27-2012, 01:04 PM   #23
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Current age is 57. (DW 56)
Retired at age 55. (DW at 54)
Worked 33 years after graduating (also worked part time before and through college).
Pension - Yes ( 2 from UK, 1 from US, all non-COLA, all private).

Will qualify for both US and UK SS.
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Old 09-27-2012, 01:05 PM   #24
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Will qualify for both US and UK SS.
Well played.
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Old 09-27-2012, 01:10 PM   #25
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see answer here ----->
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Old 09-27-2012, 01:13 PM   #26
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Will qualify for both US and UK SS.
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Originally Posted by bo_knows View Post
Well played.
Thanks.

I also qualify for UK healthcare if needed. (I would have to go and live in the UK, declaring residency on arrival and start paying UK taxes)
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Old 09-27-2012, 01:14 PM   #27
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Location: Rochester, NY
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I worked for the PO from '85-'11; bought back 2+ military yrs (added to the multiplier). left at 60. have pension + SS Supplement now; will change sup to SS @ 62
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Old 09-27-2012, 01:33 PM   #28
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Curious to hear everyone's current age, projected/goal retirement age, and total number of years worked when you hit your retirement age, and also if you are expecting a pension of any sort. For total number of years worked, I'm counting career years, not the gigs during high school or college.
Age 51, retired at age 41, and a total of 24 working years. (That counts digging ditches on a golf course plus the four years I was paid to attend college.) I'm receiving a military pension.

I guess book royalties count as income for Social Security taxpaying purposes, which means I'm going to have to start checking my annual statements again. For whatever that's worth.
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Old 09-27-2012, 01:40 PM   #29
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Location: lexington
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Current age: 62
Retired at: 61
Worked full time: 39 years (4 of those years in the Air Force)
Pension: technically no but a robust 403(b) plan instead
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Old 09-27-2012, 01:57 PM   #30
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I think the intent might have been to get separate posts up for people yet to retire (in the Young Dreamers forum) and people already retired (in this forum).

Yes, read the post #3 in this thread. I thought I'd get responses from the young dreamers (not retired yet) in one forum and responses from people that were already retired in this one. My bad, didn't realize people floated about so freely on the forums...
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Old 09-27-2012, 02:03 PM   #31
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29 years in workforce. Retired at 51. Two different pensions that will total about $57k when hit 62. Non cola'd. Pensions or not I would have still pulled the plug when I did.
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Old 09-27-2012, 02:20 PM   #32
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DW SIRE'd in May, at 55 yoa, after 31 years of penson counting employment and 5 of other post high school. Health care included at w*rking rate also pension is COLA'd. I will be looking at SIRE date in March at 58 with COLA'd pension and same health care coverage. 30 years in the pension w*rk and 8 years "other". We count ourselves among the lucky ones with pensions and health care coverage. Reminds me of the old saying "I would rather be lucky then good" sometimes you just get lucky.

T-bird
Class of 2013
DW class of 2012 (May, a done deal)
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Old 09-27-2012, 02:50 PM   #33
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Current age is 56
Retired at age 51
Worked 28.5 years after college (plus part-time during high school and college).
Pension - Yes
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Old 09-27-2012, 03:09 PM   #34
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45 years old at retirement. Worked 24 years and bought 4 years, have a 2% COLA'd pension. Have continued working part time over the past couple years to bolster the kitty up a bit.
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Old 09-27-2012, 03:17 PM   #35
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Location: athens
Posts: 802
Current age- 66, just barely

Retired from Mega Corp- 55
Retired from working for someone- 60 IIRC
Retire from rental property ownership- who knows; anyone want a PT job?

Worked for a full-time salary- 38 years
This includes one year as a consultant, highest paid gig I ever had

Pension- yes; private non-COLA'd; turned it on this year
SS- still waiting to turn that one on
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Old 09-27-2012, 03:23 PM   #36
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Current age-- 47
Retired-- 43
Years working-- 21

Started a new business in June 2011 so I call myself semi-retired now-- work a couple of hours per day.
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ER'ed from the new car business Feb 2008. I'm 47, she's 45. Two boys ages 15 and 13. DW is SAHM. I've got a part-time used car lot I w*ork at 3 hours a day that keeps me in beer money.....
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Old 09-27-2012, 03:36 PM   #37
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Started a new business in June 2011 so I call myself semi-retired now-- work a couple of hours per day.
That's my kind of business. Mind if I ask what it is?
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Old 09-27-2012, 03:40 PM   #38
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Retired at 53, after 31 years teaching/coaching high school. In Missouri we have a pretty good teacher pension plan...makes up, somewhat, for what we get screwed out of the previous years w*rking (another rant another day). We have the rule of 80, years of service and age add up to 80 you get full retirement. I started at age 22 so I could have retired at 51 after 29 years. For some reason, there is a bump if you go 31.
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Old 09-27-2012, 04:08 PM   #39
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Join Date: Nov 2006
Location: Bossier City
Posts: 2,182
Current age - 54(me). (DW 52)
Will retire at age 55 (me). (DW at 55 also in 3 yrs)
Will have worked 36 years for US DoD when I do retire.
Wife will have worked for her current employer for 16 yrs
Pension (me) - Yes @ 55 - COLA Yes (Federal Civil Service)
Pension (me) - Yes @ 60 - COLA Yes (USAF Reserves)
Pension (wife) - No
Both of us have smaller 401k's (mine's TSP) and Roth IRA's
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Old 09-27-2012, 04:17 PM   #40
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Location: Ocala
Posts: 49
Career: 32 years for one company.
Age: 55 Years old.
Pension: Small (pathetic), cash balance plan with a fixed annuity payout available. Far more critical was a very, very good low cost (heavily subsidized) retiree health insurance plan.
FIRE was only possible by aggressive savings since day one.

Pensions are a thing of the past. My current opinions are that pensions are bad for both the employer and the employee. My opinion is that many employers tend to underfund their pensions to help current profits. This delay tactic only works so long. Please see obvious examples in your daily paper. Employees naturally rely heavily on pensions, but when the company goes bankrupt/out of business, many times your "pension" goes with it. The government program to "protect" pensions is limited and has a progressive payout. The farther away from age 65 when it happens, the less you get until you get to age 44.99 where you get 0 of your "earned" pension. So you can be at X company for 24 years at age 44 when they go out of business (or bought out by another company) and one may end up with nada. Go to Pension Benefit Guaranty Corp - PBGC Protects America's Pensions if you want to be scared. I now believe there should no longer be deferred compensation, too many ways to lose it or a substantial portion of it during your working years and even after. Sorry, end of rant.
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