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Old 05-11-2020, 04:58 PM   #541
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OTD, that was hilarious! I mean, yeah, sorry about the delayed retirement, but your post made me laugh. Excellent use of emoticons throughout...

Unfortunately, I'm fearing a very similar scenario for myself a bit later this year. All efforts to replace me were put on hold in early March...
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Old 05-11-2020, 05:01 PM   #542
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Quote:
Originally Posted by Lucie View Post
My Husband retired Saturday Unfortunately, due to COVID, graduation ceremonies for the University were cancelled. He was looking forward to marching for the final time. Since he was teaching on-line, there was no real closure or saying goodbye to colleagues. Very anticlimactic, but happy nonetheless!
Congrats on the husband's retirement!

I just had a similar conversation with my niece who graduated from college this spring. She used the very same word - anticlimatic.

Is your hubby a forum member? If not, I'll add him to our list as "Lucie's Hubby"...
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Old 05-11-2020, 05:27 PM   #543
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You can add me to the class of 2020 please. Target is December 2020. Some possibility I might get booted earlier, or go voluntarily, due to employer chaos at the moment. Would rather keep to my plan, but we shall see.
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Old 05-12-2020, 07:20 AM   #544
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I am ready financially to retired in 2020. But I am not sure that i will have the courage to do it. Maybe in several month after the "second wave" outcome.
The book How Much Can I Spend in Retirement by Wade Pfau was very helpful
to pull it all together.

These 2 concepts has help me understand what asset allocations adjustment was needed to have confident in funding for retirement.
The funded ratio concept( your assets divided by your liabilities – can help guide you toward the retirement you want)
Reducing Volatility when it matters most (near retirement)

Other data were helpful.
example: for 35 years retirement w/ 10% failure optimal asset allocation: 56% stock/44% bond. These allocations should be in conjunction w/ one's funded ratio.
Thanks.
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Old 05-12-2020, 08:35 AM   #545
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Originally Posted by bfrank12 View Post
I am ready financially to retired in 2020. But I am not sure that i will have the courage to do it. Maybe in several month after the "second wave" outcome.
The book How Much Can I Spend in Retirement by Wade Pfau was very helpful
to pull it all together.

These 2 concepts has help me understand what asset allocations adjustment was needed to have confident in funding for retirement.
The funded ratio concept( your assets divided by your liabilities – can help guide you toward the retirement you want)
Reducing Volatility when it matters most (near retirement)


Other data were helpful.
example: for 35 years retirement w/ 10% failure optimal asset allocation: 56% stock/44% bond. These allocations should be in conjunction w/ one's funded ratio.
Thanks.
These are interesting concepts. If you have access to Fidelity's retirement planner they calculate a ratio similar to your funded ratio concept. They calculate what percentage you have above or below hitting 100% of your target funding. They call it RPM, retirement preparedness measure.

The second concept of reducing volatility can also be called sequence of returns risk.
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Class of 2020 addition
Old 05-13-2020, 10:09 AM   #546
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Class of 2020 addition

You can add me to the 2020 class! I should be retiring at age of 55.5 at the end of this year. I may be retiring from my home den rather than the office cubicle, but that still works for me!
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Old 05-13-2020, 10:16 AM   #547
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You can add me to the 2020 class! I should be retiring at age of 55.5 at the end of this year. I may be retiring from my home den rather than the office cubicle, but that still works for me!
Congratulations!
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Old 05-14-2020, 07:47 AM   #548
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It's getting real now!
Three days off, four days on, four days off then three days on. My last working day is May 29th. Vacation (or more likely quarantine) the month of June and the first week of July. I check in with HR July 6th to drop of my badge and sign some papers. Sadly I will not get to do a traditional farewell tour due to the new pandemic restrictions. Maybe a Zoom party!

I got a taste of the next adventure. I was furloughed for 7 weeks and just returned to work. During my time off I worked a part time (unpaid) position of hired hand here at the NeverDone Ranch. I believe I impressed the supervisor enough that she may let me stay on indefinitely!
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Old 05-14-2020, 07:50 AM   #549
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It's getting real now!
Three days off, four days on, four days off then three days on. My last working day is May 29th. Vacation (or more likely quarantine) the month of June and the first week of July. I check in with HR July 6th to drop of my badge and sign some papers. Sadly I will not get to do a traditional farewell tour due to the new pandemic restrictions. Maybe a Zoom party!

I got a taste of the next adventure. I was furloughed for 7 weeks and just returned to work. During my time off I worked a part time (unpaid) position of hired hand here at the NeverDone Ranch. I believe I impressed the supervisor enough that she may let me stay on indefinitely!
When the future is way more exciting than the past, then you know you are making the right decision.
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Old 05-14-2020, 08:33 AM   #550
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One week to go and I am out
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Old 05-14-2020, 10:04 AM   #551
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Today is the 30th anniversary of my start date at work. Seems like yesterday and a million years ago. Looking forward to getting out.
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Old 05-21-2020, 05:15 PM   #552
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Well folks I retired today

Thank you to the many on this forum who helped educated me on financial matters and retirement advice.
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Old 05-21-2020, 05:51 PM   #553
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Well folks I retired today

Thank you to the many on this forum who helped educated me on financial matters and retirement advice.
Let the good times roll!! Congrats!
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Old 05-21-2020, 05:54 PM   #554
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Thank you. I wonder how long it takes to sink in lol?
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Old 05-22-2020, 08:30 AM   #555
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Well folks I retired today
Congratulations, Mountain skier! Your time is now your own - that's gotta feel nice!
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Old 05-22-2020, 09:16 AM   #556
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I was informed I have many projects to do for the wife lol
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Old 05-22-2020, 10:14 AM   #557
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Join Date: Sep 2016
Location: Way up North
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I have more clarity now about timing from mega-corp and my retirement date
is no longer just a placeholder. My last day at work will be 9/23 and I will be
officially unemployed 9/30 For the hassle of accommodating mega-
corp's staffing needs the last few months, I'm getting 15 months pay in
severance plus retiree medical. Not a bad deal, since my intended retirement
date without severance was within a month or two of the actual date.

Congrats to the class of 2020, only 4 more months before I officially join.
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Social Security +
Modest private pension +
Modest nest egg, 60/40 indexed +
My good looks and sparkling conversation
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Old 05-22-2020, 02:29 PM   #558
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Quote:
Originally Posted by Mountain skier View Post
Well folks I retired today

Thank you to the many on this forum who helped educated me on financial matters and retirement advice.
Congratulations and welcome to the Retirement Club!
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Old 05-22-2020, 04:05 PM   #559
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Filed grades Monday and spent about 3 minutes/day checking for last minute emails (University extended the grading period 10 days to allow student to opt for pass/fail grades.)
So I'm fully "retarded" as granddad used to say, although since I spread out paychecks on a 12 month schedule, I'll still get checks until October.

Congrats to all of 2020 who finished before me and good luck to the stragglers.
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Old 05-23-2020, 06:39 AM   #560
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So I'm fully "retarded" as granddad used to say, although since I spread out paychecks on a 12 month schedule, I'll still get checks until October.

Congrats to all of 2020 who finished before me and good luck to the stragglers.
Congrats to you, RobLJ!
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