ranchoparque
Dryer sheet aficionado
- Joined
- Jan 24, 2008
- Messages
- 32
Hi I'm 55. Some people at my employer are taking early retirement but they are also making available a voluntary reduction in work hours to 72 hours per 2 week pay period. This is equivalent to 26 extra days off per year.
I've been at my job for 28 years and I also have maxed out at 5 weeks vacation per year.
So, if I took the reduction in work hours I would reduce my pay to 90% of what it is now, but I would then have the equivalent of 10 weeks off per year, not including holidays and sick time.
If I retired now, I would get about 65% percent of my pay.
If I go on working at 90% of my pay for x number of years I can continue to contribute to retirement accounts and not spend down my savings.
So I'm just wondering if anyone has any feedback on this. Would you consider working say 1450 to 1500 hours per year (including holidays and sick days) to be "semi FIRED" or part time?
From my own personal point of view, having all those days off would give me plenty of time to de-stress and have time for hobbies and travel.
I think I might get bored or have trouble adjusting to being 100% retired at this point.
Thanks in advance for any comments anyone cares to leave.
I've been at my job for 28 years and I also have maxed out at 5 weeks vacation per year.
So, if I took the reduction in work hours I would reduce my pay to 90% of what it is now, but I would then have the equivalent of 10 weeks off per year, not including holidays and sick time.
If I retired now, I would get about 65% percent of my pay.
If I go on working at 90% of my pay for x number of years I can continue to contribute to retirement accounts and not spend down my savings.
So I'm just wondering if anyone has any feedback on this. Would you consider working say 1450 to 1500 hours per year (including holidays and sick days) to be "semi FIRED" or part time?
From my own personal point of view, having all those days off would give me plenty of time to de-stress and have time for hobbies and travel.
I think I might get bored or have trouble adjusting to being 100% retired at this point.
Thanks in advance for any comments anyone cares to leave.