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05-11-2020, 04:58 PM
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#541
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Recycles dryer sheets
Join Date: Sep 2014
Posts: 119
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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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05-11-2020, 05:01 PM
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#542
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Recycles dryer sheets
Join Date: Sep 2014
Posts: 119
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Quote:
Originally Posted by Lucie
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!
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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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05-11-2020, 05:27 PM
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#543
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Thinks s/he gets paid by the post
Join Date: May 2011
Location: St. Paul
Posts: 1,847
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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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05-12-2020, 07:20 AM
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#544
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Dryer sheet wannabe
Join Date: Apr 2018
Posts: 16
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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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05-12-2020, 08:35 AM
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#545
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by bfrank12
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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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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05-13-2020, 10:09 AM
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#546
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Confused about dryer sheets
Join Date: Feb 2014
Location: Livonia
Posts: 9
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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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05-13-2020, 10:16 AM
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#547
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Recycles dryer sheets
Join Date: Feb 2018
Location: North Central MA
Posts: 77
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Congratulations!
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05-14-2020, 07:47 AM
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#548
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Recycles dryer sheets
Join Date: Jul 2007
Posts: 152
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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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05-14-2020, 07:50 AM
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#549
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by kingkarmann
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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When the future is way more exciting than the past, then you know you are making the right decision.
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05-14-2020, 08:33 AM
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#550
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Recycles dryer sheets
Join Date: Dec 2018
Posts: 129
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One week to go and I am out
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05-14-2020, 10:04 AM
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#551
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Dryer sheet wannabe
Join Date: Mar 2015
Location: East of Cleveland
Posts: 15
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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.
__________________
Retired 12/01/2020 at age 52.
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05-21-2020, 05:15 PM
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#552
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Recycles dryer sheets
Join Date: Dec 2018
Posts: 129
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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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05-21-2020, 05:51 PM
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#553
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Full time employment: Posting here.
Join Date: Feb 2019
Location: NC
Posts: 568
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Let the good times roll!! Congrats!
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05-21-2020, 05:54 PM
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#554
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Recycles dryer sheets
Join Date: Dec 2018
Posts: 129
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Thank you. I wonder how long it takes to sink in lol?
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05-22-2020, 08:30 AM
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#555
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Recycles dryer sheets
Join Date: Sep 2014
Posts: 119
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Congratulations, Mountain skier! Your time is now your own - that's gotta feel nice!
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05-22-2020, 09:16 AM
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#556
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Recycles dryer sheets
Join Date: Dec 2018
Posts: 129
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I was informed I have many projects to do for the wife lol
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05-22-2020, 10:14 AM
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#557
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Full time employment: Posting here.
Join Date: Sep 2016
Location: Way up North
Posts: 562
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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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05-22-2020, 02:29 PM
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#558
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2015
Posts: 5,862
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Congratulations and welcome to the Retirement Club!
__________________
Give a Man a fish, he will eat for a day.
Teach a Man to fish, he will eat for a lifetime.
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05-22-2020, 04:05 PM
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#559
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Thinks s/he gets paid by the post
Join Date: Oct 2012
Location: Reno
Posts: 1,338
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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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05-23-2020, 06:39 AM
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#560
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Recycles dryer sheets
Join Date: Sep 2014
Posts: 119
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