Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Coloradoan Needs to Retire but cannot....
Old 12-04-2010, 01:12 PM   #1
Confused about dryer sheets
 
Join Date: Dec 2010
Posts: 2
Coloradoan Needs to Retire but cannot....

Hello folks. Just found this website. I m 57 years old and soon to be 58. My place of work cut my entire staff leaving me to do the work of a full staff. The stress monster is eating me and my health up. I cannot simply walk away as I need the money. Just had to declare bankruptcy to keep from sinking the ship so to speak. I have a pretty good retirement account at work but it took a hit when the economy tanked, to the tune of losing around $40,000.00. My place of work uses the Principal to manage out retirement accounts and they have done a fair job. Seeking ways to make things come together so I can leave the stress behind but really think I need to win the lottery to set things up well enough.

Look forward to chatting with folks here.

Stan
TiredStan 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 12-04-2010, 04:11 PM   #2
Thinks s/he gets paid by the post
Fireup2020's Avatar
 
Join Date: Feb 2007
Posts: 1,250
Welcome Stan! Wishing you the best!
__________________
Make no mistake, my friend, it takes more than money to make men rich. - A. P. Gouthey
Fireup2020 is offline   Reply With Quote
Old 12-04-2010, 05:04 PM   #3
Thinks s/he gets paid by the post
Coach's Avatar
 
Join Date: Nov 2005
Location: Colorado, USA
Posts: 1,127
Hi Stan, and welcome aboard from a fellow Coloradoan.

Coach
__________________
"Comprehensive health insurance is an idea whose time has come in America." President Richard M. Nixon, February 6, 1974
Coach is offline   Reply With Quote
Old 12-04-2010, 05:14 PM   #4
Recycles dryer sheets
Nova's Avatar
 
Join Date: Apr 2010
Posts: 270
Hi Stan. Look forward to reading your posts. Good luck!
Nova is offline   Reply With Quote
Old 12-04-2010, 05:34 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,256
Quote:
Originally Posted by Coach View Post
Hi Stan, and welcome aboard from a fellow Coloradoan.
+1
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Old 12-04-2010, 05:45 PM   #6
Recycles dryer sheets
 
Join Date: Nov 2009
Posts: 84
Quote:
Originally Posted by Coach View Post
Hi Stan, and welcome aboard from a fellow Coloradoan.

Coach


+2
aldo is offline   Reply With Quote
Old 12-04-2010, 06:49 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Oct 2005
Posts: 4,898
+3
Zoocat is offline   Reply With Quote
Old 12-05-2010, 06:11 AM   #8
Confused about dryer sheets
 
Join Date: Dec 2010
Posts: 2
Thanks for the Welcomes folks. Glad to see some other Coloradoans here. I am a native Coloradoan.
TiredStan is offline   Reply With Quote
Old 12-05-2010, 06:33 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,256
Quote:
Originally Posted by TiredStan View Post
I am a native Coloradoan.
Well, we (I) certainly won't hold that against you.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Old 12-05-2010, 06:50 AM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: NC
Posts: 21,204
  • I'm not a Coloradoan but welcome, sorry to hear about your situation.
  • We don't need to see your answer, but what does FIRECalc: A different kind of retirement calculator say about your current situation?
  • It may be unthinkable - I'd look for work elsewhere, but not jump ship until you had another better bird in hand. I know that could take a long time but it could give you something to look forward to.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 12-06-2010, 06:40 AM   #11
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: 9,067
Welcome. Looks like a tough situation your in. Wish I knew of something encouraging to say but other than suggesting a job change, not sure what.

Hang in there, maybe another job will fall in your lap. Best of luck.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
Dawg52 is offline   Reply With Quote
Old 12-08-2010, 08:53 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
Stan,

Don't kill yourself. What would happen if you only did what you could every day and went home at 5 every night?
__________________
I have outlived most of the people I don't like and I am working on the rest.
Ed_The_Gypsy is offline   Reply With Quote
Old 12-08-2010, 08:56 PM   #13
gone traveling
 
Join Date: May 2008
Posts: 3,864
Welcome to the Forum!... from a Colorado property owner...
(I believe that earns me the NAIVE license plate?)
Westernskies is offline   Reply With Quote
Old 12-09-2010, 08:19 AM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,483
Quote:
Originally Posted by TiredStan View Post
Hello folks. Just found this website. I m 57 years old and soon to be 58. My place of work cut my entire staff leaving me to do the work of a full staff. The stress monster is eating me and my health up. I cannot simply walk away as I need the money. Just had to declare bankruptcy to keep from sinking the ship so to speak. I have a pretty good retirement account at work but it took a hit when the economy tanked, to the tune of losing around $40,000.00. My place of work uses the Principal to manage out retirement accounts and they have done a fair job. Seeking ways to make things come together so I can leave the stress behind but really think I need to win the lottery to set things up well enough.

Look forward to chatting with folks here.

Stan
Well, assuming the bankrupty has went through, you now have to rebuild your credit, your investments, and your health. Sounds like a daunting task, but start small. Set up a budget, systematically transfer money from each paycheck to an emergency account, DON'T USE credit cards, and find some sort of exercise you enjoy. Give us some more info and we will try to help as best we can..........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
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
Please tell me I can retire skittles FIRE and Money 21 07-28-2008 08:24 PM
Retire later, retire happier JustCurious Life after FIRE 20 09-17-2007 07:56 AM
Retire or Not Retire - Everyone has a choice! huutrinon Hi, I am... 1 05-04-2007 03:34 PM
September 19, a good day to retire, if I were to retire, but I am not Martha Other topics 26 09-20-2006 10:59 AM
I'm 22 and I want to retire at 45 thefed FIRE and Money 41 12-02-2005 04:50 AM

» Quick Links

 
All times are GMT -6. The time now is 06:30 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.