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Old 01-26-2017, 10:20 AM   #21
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Don't underestimate the risk of someday wishing you'd retired earlier.
Wow! That's a powerful reminder.....
+1
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Old 01-26-2017, 10:49 AM   #22
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Originally Posted by RobbieB View Post
Perfection is over rated.

Life becomes much easier when you give up on perfection and "that's good enough" is OK.
+1

Yep, no perfect or risk free solutions, just got to live life.
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Old 01-26-2017, 11:35 AM   #23
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Don't underestimate the risk of someday wishing you'd retired earlier.
+1
CaptTom: is than an original on your part? If so, bravo!
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Old 01-26-2017, 12:17 PM   #24
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If you want to work, work.

If you don't want to work, don't work.

Do as much of what you want to do and as less as possible what you don't want to do.
It's just not that simple for some of us. For the last few months, I was exactly where ProGolferWannabe is now. The numbers all said it was okay; the wife was supportive; everything said go so I set a date for the end of March and started the countdown. But something just didn't feel right. I wasn't at peace with the decision. So I decided I was going to stay until the end of our contract which is in July and see where I fell with the next contractor. I was okay with that decision but still unhappy with where I was.

I continued to pray about it, run spreadsheets, read this forum, still wanting to leave but not wanting to leave money on the table. Then it happened. I was assigned a project which was total BS and I knew I wouldn't be happy with it so I talked to DW and turned in my resignation the next day. As soon as I did I was at total peace with it so I know it is the right decision. I'm enjoying 2 weeks of vacation now then I have to go back for a week to close things out and then I am done on February 10th.

OP, the best I can tell you is that you and only you will know when the time is right.
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Old 01-26-2017, 01:41 PM   #25
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It's just not that simple for some of us. For the last few months, I was exactly where ProGolferWannabe is now. The numbers all said it was okay; the wife was supportive; everything said go so I set a date for the end of March and started the countdown. But something just didn't feel right. I wasn't at peace with the decision. So I decided I was going to stay until the end of our contract which is in July and see where I fell with the next contractor. I was okay with that decision but still unhappy with where I was.

I continued to pray about it, run spreadsheets, read this forum, still wanting to leave but not wanting to leave money on the table. Then it happened. I was assigned a project which was total BS and I knew I wouldn't be happy with it so I talked to DW and turned in my resignation the next day. As soon as I did I was at total peace with it so I know it is the right decision. I'm enjoying 2 weeks of vacation now then I have to go back for a week to close things out and then I am done on February 10th.

OP, the best I can tell you is that you and only you will know when the time is right.
Glad you were able to make a sound decision, and congratulations on your pending retirement!
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Old 01-26-2017, 01:53 PM   #26
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I wonder how many people have done the OMY project multiple times.
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Old 01-26-2017, 01:55 PM   #27
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I continued to pray about it, ... Then it happened. I was assigned a project which was total BS and I knew I wouldn't be happy with it so I talked to DW and turned in my resignation the next day. .
Sometimes prayers do work....
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Old 01-26-2017, 02:26 PM   #28
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Indeed, you can pray about it, if you're a praying man.

If you're an obsessive-compulsive nut like me, what you can do is make a list of Pros and Cons. Think of a bunch of Pros, and then think of a bunch of Cons to balance it out and bring you back into a state of indecision. See if you can get several dozen Pros and several dozen Cons, so that both sides are equally persuasive. Then study the list hard, over and over, and wait for your brain to melt. That's been my approach.

Just kidding. I did do the Pro/Con thing, because there were too many factors to just base it on one thing. I decided to continue working for the time being, because I generally like my work and enjoy the lifestyle I have. But the calculus is going to be different for everyone.

I heard a retirement blogger say that if you have self-doubt and anxiety about pulling the plug, you're not ready. When you're ready, he said, you'll be at peace with the decision. That sounds good, and I'm sure it works that way for some people, and I hope it works that way for me. I suspect that I'll still have some anxiety and doubt, though, even when I'm fully ready.
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Old 01-26-2017, 03:14 PM   #29
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The Pro/Con thing is an excellent idea.

I used that on my last two job changes, and it was very valuable. I still have those sheets.*

In a sense, this is a job change too. I need to start filling it out!

* - I recently looked at the pro/con for my current j*b, and laughed. Many of the pros melted away when "business reasons" got in the way. Over 20 years is a long time at megacorp, and things change. In the scheme of things, they changed pretty radically, although just a bit at a time (boiling frog theory).
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Old 01-26-2017, 03:36 PM   #30
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I continued to pray about it, run spreadsheets, read this forum, still wanting to leave but not wanting to leave money on the table. Then it happened. I was assigned a project which was total BS and I knew I wouldn't be happy with it so I talked to DW and turned in my resignation the next day. As soon as I did I was at total peace with it so I know it is the right decision.
A trigger like that is exactly what a lot of people need to get over OMY. Something very similar happened to me, and fortunately it occurred within a month of all my financial stars aligning, and I was ready to go and never looked back.
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Old 01-26-2017, 03:55 PM   #31
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So.....I am not alone in this delima Hurray, so glad for this thread. I'll be 62 in March. So tired of the pressures of my job.....medical device sales.

So many thoughts. I'm at the top of my income level, I'll never see money like this again. To leave it....the old me says, "are you crazy!" "Think of the extra money for the kids, grandkids, etc."

Then the thoughts of.....what about health insurance? Get a low stress part time job with benefits?

Or suffer for 3 more years till 65.
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Old 01-26-2017, 04:07 PM   #32
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Or suffer for 3 more years till 65.
Ah..to relive the halcyon days of the early 60s.
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Old 01-26-2017, 05:05 PM   #33
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My feelings about working is the same as my feelings about public transportation.
Everyone else should do it.
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Old 01-26-2017, 05:42 PM   #34
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........
So many thoughts. I'm at the top of my income level, I'll never see money like this again. To leave it....the old me says, "are you crazy!" "Think of the extra money for the kids, grandkids....."
......
Whenever someone says this , I think of Paris Hilton , or how my Cousin blew a big fat inheritance on booze, hookers, losers, and more booze, ruining his life.

He would have been better off if Grandma had cut him out of the Will.

My thinking is: If you have enough saved + (a little extra cushion for the bad stuff that will happen) , then pull the cord, before you go splat
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Old 01-26-2017, 05:55 PM   #35
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How long will you live? Know anyone that keeled over at about your age?
On this note, after I had made the decision to FIRE (and told my supervisor), I had a co-worker who lived in Brussels drop dead on his daily bike ride. He was 10-15 years younger than me, in good health, and a bit of an excercise nut. We had worked together for at least 15 years.

Eye opening, to say the least. After that, there were no regrets whatsoever about pulling the plug on work.
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Old 01-26-2017, 06:00 PM   #36
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Whenever someone says this , I think of Paris Hilton , or how my Cousin blew a big fat inheritance on booze, hookers, losers, and more booze, ruining his life.

He would have been better off if Grandma had cut him out of the Will.

My thinking is: If you have enough saved + (a little extra cushion for the bad stuff that will happen) , then pull the cord, before you go splat
Agree. Sometime after we gave our notices of retiring in 2017, we jokingly calculated the impact on our portfolio of an additional 5 years of saving more than we spend post-tax. Only real impact would have been no worries in always flying first/business and increasing the size of inheritance that our kids don't need. That isn't worth foregoing those years of freedom to travel slowly together.
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Old 01-26-2017, 06:29 PM   #37
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This is a very important personal decision. Best not to leave if to an anonymous "chat room". You have the data required, make a decision. Either way it will work out fine.
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Old 01-26-2017, 07:20 PM   #38
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This is a very important personal decision. Best not to leave if to an anonymous "chat room". You have the data required, make a decision. Either way it will work out fine.
Yup. And keep in mind that this forum is filled with people who are happily retired, so what you will get, naturally, is plenty of exhortations to retire early and reasons to do that. You won't hear much from the other side of the coin, though. You won't hear much about the benefits of work ("w*rk") here; you won't see posts from people who regretted retiring or who are finding retirement really difficult. We've got a lot of smart folks here, but it's definitely a select, skewed sample. You probably knew that when you made the thread, though.
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Old 01-26-2017, 08:59 PM   #39
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Every once in a while, we think a bit about this, even though I'm already retired. We know that we have enough, but once in a while, the chat turns to fulfillment and those kinds of things, then inevitably, how much extra savings a couple more years would have brought enters the conversation. Truthfully, I'd love to be able to afford a million dollar second home in Hawaii, and to have my own plane, and..., and..., and...,. But when I think of those things, and what I already have going on in my life, and I wonder when I'd ever have time for those things. Especially now with DW's medical problems, I simply wouldn't be able to use any more that I already have. Given that, DW and I are convinced that me being able to retire early is one of our greatest blessings, especially since she needs someone to be with her almost constantly, until we get her issues under control.

So, think again whether you have enough, whether you will be happy with what you have (or if only more will give you the satisfaction you seek), and if you have what you need to be satisfied and happy until the end, why not pull the plug?
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Harder than I thought it would be
Old 01-26-2017, 09:41 PM   #40
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Harder than I thought it would be

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So many thoughts. I'm at the top of my income level, I'll never see money like this again.
do you need the money or is it a scorecard for you? If it is a scorecard - and believe me, I've been there, you need to think of what goals can replace it. Running. Number of times you are intimate with your partner during former working hours. Books read. DIY projects finished Golf handicap. Beers drunk. etc.
if it is a true need, fine - rack it up until it isn't.

But be clear about which internal buttons need pushing and figure out alternate ways to push them.
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