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05-19-2017, 07:59 PM
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#1
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Recycles dryer sheets
Join Date: Jul 2011
Location: New York
Posts: 60
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Moment of Truth
Okay, so I too have lurked on this amazing site for many years, appreciating the courage shared by FIRE brothers and sisters, and now its time for me to put some steel in my spine too.
I'm 64 and my DW is 71 (she robbed the cradle, don't ya know), and married 32 years. She is already retired a year already and has never looked back.
I've worked in education for the past 21 years at a college that has provided great opportunities for me. It's been a terrific ride, but like a great TV show, it had reached its final season.
I've been considering my transition for over a year, and now, I think, and feel, I'm ready to join the retiring class of 2017. On Monday, I will submit documents that affirm my intentions to say, "see ya!" And having written that, it feels pretty damn good!
Brian
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05-19-2017, 08:03 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Congratulations. You are gonna love it.
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05-19-2017, 08:05 PM
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#3
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Recycles dryer sheets
Join Date: Jul 2011
Location: New York
Posts: 60
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Thanks travelover!
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05-19-2017, 08:10 PM
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#4
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Full time employment: Posting here.
Join Date: Jul 2014
Posts: 930
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Congrats, exciting times ahead!
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05-19-2017, 08:11 PM
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#5
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Recycles dryer sheets
Join Date: Jul 2011
Location: New York
Posts: 60
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What were some of the first things you did after retiring?
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05-19-2017, 08:40 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by BGold
What were some of the first things you did after retiring?
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The first thing I did was stop going to work.
__________________
Numbers is hard
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05-19-2017, 09:04 PM
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#7
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Recycles dryer sheets
Join Date: Jul 2011
Location: New York
Posts: 60
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Okay I'm taking notes, now...#1 - don't go back to work, check. LOL
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05-19-2017, 09:10 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,373
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#2 - don't set the alarm clock
Back to serious, welcome to the forum. It sounds like you are mentally prepared and ready. You don't mention any financial questions, so assuming you have that under control and good understanding.
__________________
The problem isn't artificial intelligence, it's natural stupidity.
You can't spend yourself to prosperity.
Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
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05-20-2017, 02:52 AM
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#9
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Recycles dryer sheets
Join Date: Feb 2017
Location: San Antonio
Posts: 179
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Congrats BGold! What will your retirement date be?
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05-20-2017, 03:53 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Texas
Posts: 3,024
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Quote:
Originally Posted by BGold
What were some of the first things you did after retiring?
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Had a garage sale and sold all my work clothes.
Made a list of stuff to do and then never did it.
Learned how to make a proper margarita.
Bought a good bike and, it's true, you never forget how to ride.
__________________
Retired at 52 in July 2013. On to better things...
AA: 85/15 WR: 2.7% SI: 2 pensions, SS later
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05-20-2017, 04:33 AM
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#11
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Full time employment: Posting here.
Join Date: Dec 2014
Posts: 670
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#3 Don't make the list too long - remember you are retired!
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05-20-2017, 04:45 AM
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#12
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Recycles dryer sheets
Join Date: Jul 2011
Location: New York
Posts: 60
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38Chevy454 -
My DW and I have compiled a nest egg of $3.4 M and have a yearly expense of $130k. This includes health care, family support, vacations, fun, and basic living needs.
I'll be receiving travia leave for unused sick leave and vacation days after retiring on July 1st which will carry me for 3-months. Once I begin receiving SS, my DW and I will collect 50k, leaving 80k for our investments to cover. I've calculated a 2.5% withdrawal rate to cover the rest of the budget.
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05-20-2017, 04:46 AM
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#13
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Recycles dryer sheets
Join Date: Jul 2011
Location: New York
Posts: 60
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Evilanne - July 1st!
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05-20-2017, 04:49 AM
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#14
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Recycles dryer sheets
Join Date: Jul 2011
Location: New York
Posts: 60
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Cobra9777 - love your "to do" and "not to do list"
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05-20-2017, 04:56 AM
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#15
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Recycles dryer sheets
Join Date: Jul 2011
Location: New York
Posts: 60
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The truth is I'm conflicted on how this has come about. In February, I had chosen to stay at the j$b for 1 more year, because the last 5-years had been challenging and fun. In early April, word came down from administration that half my department (the best half) would be canceled and I would be reassigned.
So for the last 7-weeks I've been grieving the loss and angry about a decision I could not control. Slowly I've realized this to be a "buddhist gift." Seeing the opportunity in events that happen.
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05-20-2017, 05:22 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: South central PA
Posts: 3,486
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Perhaps taking the decision out of your hands is a good thing. It avoids the OMY syndrome. Besides, you're not retiring early anyway at 64. With pensions and Medicare around the corner, your assets should allow for some enjoyable retirement.
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05-20-2017, 05:36 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Des Moines
Posts: 1,389
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Quote:
Originally Posted by BGold
What were some of the first things you did after retiring?
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It took me awhile to learn to slow down. First thing I did was turn off my alarm clock and leave it off. I just tried to take my time doing stuff, no hurry, you can always do it tomorrow. I had some friends and my DH who were retired, and they gave me some great advice.
__________________
Retired in 2013 and we are living the dream!
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05-20-2017, 05:38 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Des Moines
Posts: 1,389
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One more quick thing. I learned to sell on eBay and cleaned out my closets and shelves. Feels so good!
__________________
Retired in 2013 and we are living the dream!
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05-20-2017, 08:59 AM
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#19
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Recycles dryer sheets
Join Date: Jul 2011
Location: New York
Posts: 60
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iLoveyoga - I'm looking forward to taking my time and especially not having to travel on subways during rush hour. My DW is already retired. Its great to see how calm she is
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05-20-2017, 09:22 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Santa Paula
Posts: 4,076
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Quote:
Originally Posted by BGold
What were some of the first things you did after retiring?
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2 days after retiring we were on a plane for a 2 week tour of South America
__________________
Retired Jan 2009 Have not looked back.
AA 60/35/5 considering SS and pensions a SP annuity
WR 2% with 2SS & 2 Pensions
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