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View Poll Results: Do you plan to get back to work?
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Yes I plan to join the work force soon or already joined after retirement
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3.69% |
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No I do not have any plans to go back to work
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261 |
96.31% |
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Poll: There is no place for retirement anymore?
06-28-2022, 07:32 AM
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#1
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Recycles dryer sheets
Join Date: Nov 2016
Location: San Jose
Posts: 470
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Poll: There is no place for retirement anymore?
There is an article about retirees heading back to labor force due to high inflation:
https://finance.yahoo.com/news/no-mo...231500576.html
Do you plan to get back to work?
__________________
Retired Sep 2023 @56
Target AA: 50% stock / 20% bond / 30% cash
Target WR: ~3.6%
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06-28-2022, 07:34 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Posts: 3,083
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No.
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06-28-2022, 07:37 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 3,182
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To retire early you really do need to be financially independent - FIRE.
If you have a reasonable plan, you should be able to weather the normal business cycle without problems.
So, after 10+ wonderful years of FIRE, my answer is “of course not”.
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06-28-2022, 07:41 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Location: SoCal, Lausanne
Posts: 4,408
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Those articles are silly. They are mostly people living on the edge. My nephew is 22 and recently graduated from university and after six months of working hates his job. He wants to retire at 25 when he can access his trust fund. I can't say I blame him.
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06-28-2022, 07:41 AM
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#5
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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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Good heavens, NO!
__________________
Numbers is hard
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06-28-2022, 07:45 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Posts: 2,659
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Is there a "I sure hope not" option?
Most here did their planning. Obviously we can't foresee everything. I'm still uncomfortable with the "FI" part of Fire. For all but the very few wealthiest, it's never a guarantee. But my modeling included some challenging scenarios, like this bout of inflation we're seeing today happening six years ago, right after I retired. It didn't, so in theory I should be OK. Key word "should."
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06-28-2022, 07:50 AM
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#7
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Recycles dryer sheets
Join Date: Nov 2014
Posts: 269
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Great Lord willing, I have absolutely zero plans of ever returning to work again. This has been a good test and hoping to lock in some good CD rates this year.
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06-28-2022, 07:53 AM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2016
Posts: 9,521
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No plans for full time work ever. I have from the first year of retirement do a little work for the State University outpost center. I have ~ 10 days so far this year I have done some work for them. I do it because I like to stay busy and is great exercise and work is all outdoors. I also gives me a few days that I can have some social activity with people.
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06-28-2022, 07:54 AM
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#9
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,731
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Even if I wanted to go back, no one would hire me. 
__________________
*********Go Yankees!*********
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06-28-2022, 08:03 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2014
Posts: 7,050
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I worked part time for the first 8 years of retirement teaching at the university until the adjuncts got eliminated. Only way I would work again is if they needed me back. No way I am working a regular job.
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06-28-2022, 08:07 AM
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#11
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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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No plans now. I already went back on call off and on the first few years, no more. This year I will retire my license and not renew.
__________________
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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06-28-2022, 09:29 AM
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#12
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Moderator
Join Date: Jul 2017
Posts: 5,775
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I really need to take care of my health and spend time with family. No plans to go back to work.
__________________
Use it up, wear it out, make it do or do without.
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06-28-2022, 09:47 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Posts: 2,472
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Retired 16 years ago, moved to a mountain community. I was 54 young at the time and neighbors thought I should join the volunteer fire dept. Qualified every year for the arduous fitness test.
At 65 I gave firefighting up as my hearing was getting worst, and I missed a few instructions on the radio in a fire that could have had a bad ending.
Now at 71, there is no way I could cart these old bones out to a job. Now just happy to walk the dogs, watch the hummingbirds, and move those pesky rattlesnakes away from the homestead.
__________________
For me experiences are not good or bad, just different
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06-28-2022, 09:59 AM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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No, there would have to be some kind of unforeseeable Black Swan to get us off our butts and back into the work force. We planned for the possibility of high inflation. We have a high allocation to TIPS, a low withdrawal rate and a low rate fixed mortgage so we actually come out ahead with high inflation. This year we're making almost $30K on the TIPS / mortgage spread.
I do keep looking for ways to lower our personal inflation rate every year. That is kind of my hobby / job. Like this year I have projects that might result in $4K or so in annual reductions. Over 30 years that is $120K, plus interest, much more than I would likely get with a part-time job.
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
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06-28-2022, 10:01 AM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,298
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I doubt that I could play Pickleball 6x weekly in the office, so no.
__________________
TGIM
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06-28-2022, 10:03 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Oct 2015
Posts: 2,328
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Heck no!
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06-28-2022, 10:06 AM
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#17
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Recycles dryer sheets
Join Date: Nov 2016
Location: San Jose
Posts: 470
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It is great to see such a unity on this topic 
But the problem is we don't know for how long this inflation or may be recession later will last. I think some people who return to work may have enough funds but fear that bad times will last for too long and they will be left with nothing. But I agree most are likely living on edge.
__________________
Retired Sep 2023 @56
Target AA: 50% stock / 20% bond / 30% cash
Target WR: ~3.6%
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06-28-2022, 10:06 AM
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#18
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Recycles dryer sheets
Join Date: Aug 2018
Posts: 64
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not a chance
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06-28-2022, 10:13 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Mar 2017
Posts: 1,659
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If I had had the chance to return to a job 12-18 months after retiring in 2019, I probably would have. The pandemic took away that opportunity, and too much time has now passed.
With my wife planning to file early next year, we're now close to bridging the income gap to Social Security eligibility. Even with this year's market declines, we have more savings than we did on retirement day.
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06-28-2022, 10:55 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Feb 2016
Location: SoCal
Posts: 1,293
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Is this the first poll in forum history to be unanimous?
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