Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
55 year old Texan will retire within the next year
Old 05-24-2007, 01:49 PM   #1
Dryer sheet wannabe
 
Join Date: May 2007
Location: Dallas
Posts: 13
55 year old Texan will retire within the next year
I frequently read Scott Burns column in the Dallas Morning News, and initially came here to explore FIRE-Calc, and found that I also enjoy the forums. Thanks to all of you for some excellent information. At this time I don't have a question I wished to post, but simply wanted to introduce myself.

I plan to leave the Fortune 25 company where I work some time within the next year, then I plan to teach at the high school or community college level for a few years. I taught high school for five years when I left college in 1974, and I'll need to re-activate my teaching certificate by taking an exam.

My fiancee plans to continue working for a couple of years. She has one 18 year old from a former marriage, and I have three (ages 25, 22, 20) from a former marriage. We plan to marry some time this fall, and are looking forward to our future as empty nesters (the 18 year old begins college in the fall).

Life is good, and will be even better when I RE in a few months.
russingr 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 05-24-2007, 01:59 PM   #2
Thinks s/he gets paid by the post
Fireup2020's Avatar
 
Join Date: Feb 2007
Posts: 1,250
Congrats on your engagement and empty nestiness and upcoming semi-retirement! Welcome!
Fireup2020 is offline   Reply With Quote
Old 05-24-2007, 03:24 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 8,726
Welcome! Teaching sounds like w*rk to me. But if you enjoy it, go for it.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
Dawg52 is offline   Reply With Quote
Old 05-24-2007, 03:32 PM   #4
Dryer sheet wannabe
 
Join Date: May 2007
Location: Dallas
Posts: 13
Teaching definitely *is* work. But in this case it will be work done to give back, not to collect a paycheck. Big difference. I did enjoy it years ago, and only left at that time to earn more money. And if I don't enjoy it this time, I won't be doing it long.
russingr is offline   Reply With Quote
Old 05-24-2007, 09:35 PM   #5
Thinks s/he gets paid by the post
DangerMouse's Avatar
 
Join Date: Jan 2007
Location: Silicon Valley
Posts: 1,812
Welcome to the boards. BTW is there any reason you are going to teach after you leave the Fortune 25 - just curious is it financially motivated or to give you something to do?
__________________

I be a girl, he's a boy. Think I maybe FIRED since July 08. Mid 40s, no kidlets. Actually am totally clueless as to what is going on with DH.
DangerMouse is offline   Reply With Quote
Old 05-25-2007, 04:54 AM   #6
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,781
Welcome a-board! russ
__________________
In a panamax down by the river.
BUM is offline   Reply With Quote
Old 05-25-2007, 06:44 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
DFW_M5's Avatar
 
Join Date: Sep 2003
Location: DFW
Posts: 6,361
Russ, Best wishes to you and your bride to be! I too left a Fortune 25 a few years ago and contemplated the thought of teaching as I always loved math/physics, but to date have not pursued it. Nevertheless, I think it would be a very rewarding post-corporate career.

DFW
DFW_M5 is offline   Reply With Quote
Old 05-25-2007, 08:40 AM   #8
Dryer sheet wannabe
 
Join Date: May 2007
Location: Dallas
Posts: 13
Quote:
Originally Posted by DangerMouse View Post
Welcome to the boards. BTW is there any reason you are going to teach after you leave the Fortune 25 - just curious is it financially motivated or to give you something to do?
DangerMouse: It's essentially a way of "giving back", yet earning a little money (probably $40K-50K gross annually) so that I delay / minimize the withdrawals I will take from my nest egg. Kind of like doing volunteer work, but getting paid a little something for it. I would work a little less than nine months a year, and have a little over three months off. It would allow me to "glide path" into retirement, without living totally off nest egg withdrawals.
russingr is offline   Reply With Quote
Reply

« Tell me if I'm crazy | A Story From Nobody Special »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Linear Mode Linear Mode

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
Handling the "just one more year..." syndrome Rich_by_the_Bay Life after FIRE 70 01-12-2007 10:38 AM
Retire Early with a fun $30K job? Shabber FIRE and Money 61 08-15-2006 08:20 PM
Year One REWahoo Other topics 23 05-31-2006 02:38 PM
Half year FIRE portfolio status preben FIRE and Money 74 07-12-2005 02:06 PM
How to retire early with all $ in IRA/401(k)? lwbarry FIRE and Money 7 11-06-2003 10:12 AM

» Quick Links

Contact Us - Portal Page - FIRECalc - Sitemap - Community Rules - Terms of Service - Privacy - Top
Register | | FAQ |a Calendar | Search | Today's Posts | Mark Forums Read
© Copyright 2010 www.early-retirement.org. All Rights Reserved.
 
All times are GMT -6. The time now is 03:25 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.