Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-29-2019, 10:12 AM   #81
Full time employment: Posting here.
Focus's Avatar
 
Join Date: Oct 2009
Posts: 585
Quote:
Originally Posted by Retired Expat View Post
I tried the part time withdrawal from work. Went to 4 days then 3 days but it has nothing to do with the change when you are truly done! You still read emails, are on the hook to make decisions and worry. I worried all the time about what was happening so while I went in less days I didnít feel any less connected just more stressed.

30/35 some years of struggling to wake up in the dark to be at work by 7 or before. In my field we started early. I knew I was done when I could wake up at 5, roll over and snuggle my wife and go back to sleep for a few hours. Then my head was clear to plan and organize things for us and do things I wanted to do without work worries slipping in..
I almost did this too, but it quickly became apparent that it was going to be what you describe -- and that I'd still be expected to put in more than my set hours, thus defeating the purpose. I think phased retirements look better on paper than in reality.
__________________
-
"Wealth consists not in having great possessions, but in having few wants."
--Epictetus
Focus is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-29-2019, 12:53 PM   #82
Recycles dryer sheets
 
Join Date: Aug 2018
Posts: 433
Quote:
Originally Posted by Focus View Post
I almost did this too, but it quickly became apparent that it was going to be what you describe -- and that I'd still be expected to put in more than my set hours, thus defeating the purpose. I think phased retirements look better on paper than in reality.
Depends on the situation.

I used to teach online classes at several colleges simultaneously. For my phased retirement I just reduced the number of colleges I was working for and only work for one of them today. My phased retirement is successful because I was actually able to reduce both the actual workload and everything else that was expected of me from my job(s).

For folks with one employer, trying to cut back to a reduced schedule might be much more difficult as you described.
Lewis Clark is offline   Reply With Quote
Old 12-01-2019, 09:16 AM   #83
Recycles dryer sheets
 
Join Date: Jan 2015
Posts: 294
Quote:
Originally Posted by LINYbob View Post
I'm at the verge of retiring - maybe by year end. My financials are fine - every model I run gives me confidence.

But I could stay at my job and make more money and preserve my retirement funds, and grow them more.

What things do you think of when it is time to make the decision? I don't really love my job, it is ok at best. But it pays well and it is not too stressful. And I'm worried that the fun of retirement will wear off in a few months.

I'd like to get some input on how people decide to give up certain income vs time to do whatever you want.

I understand! We are right behind you with DW walking away in April (66) and myself July just before my 60th birthday. The goal was to retire at 55; however, life happens.
Being retired military medical is not the issue and we have a good Guaranteed Gov pensions, disability, and SS, and 1MM in investments and cash. I guess I had the same feeling of "what to do next"? Although, after reading on this Blog for sometime now, most seem to be more busy in retirement than actually working lol.
Looking forward to it :-)

Good luck to you
cnocmmz is offline   Reply With Quote
Old 12-09-2019, 04:39 AM   #84
Dryer sheet wannabe
 
Join Date: Oct 2009
Location: Hudsonville
Posts: 15
Quote:
Originally Posted by JDARNELL View Post
This is so true. I sometimes think wow I could go back and make x. But then I quickly realize screw that!
Love it.....my thoughts exactly!
geerman is offline   Reply With Quote
Old 12-09-2019, 05:18 AM   #85
Recycles dryer sheets
 
Join Date: Jun 2017
Location: Punta del Este
Posts: 261
I know many people who upon deciding to retire were offered great opportunities elsewhere, had several myself. I also mostly loved what I did and couldn’t imagine not doing it. Used to say that I would have done my job for 1/2 the money.

But that was before retirement and rebuilding my life. Can safely say this “retirement” is so much better than I could have imagined and 2x better than my best day at work and 10x better than most of them! And remember I loved my job!

If retirement is just going to be one long day off from work, then you shouldn’t necessarily retire. If it is going to be a new life, new outlook, new stage I heartily recommend it.
Retired Expat is offline   Reply With Quote
Old 12-09-2019, 03:36 PM   #86
Thinks s/he gets paid by the post
HI Bill's Avatar
 
Join Date: Dec 2017
Posts: 2,080
Quote:
Originally Posted by Big_Hitter View Post
bird in the hand bro - how much is a year of your life worth?
+1. And what would another year of working do for your lifestyle?

At 50, I was FI, but decided to w$rk another 3-4 years to double the travel budget, and perhaps buy a better house, rather than a condo. I'm glad I did, but at 53 3/4, I'm nearly at the end of what I'm willing to do for $.

I'm thinking that my ability to scuba dive and travel will be at their peak for me for the next 5-6 years, at a maximum. Giving those up 'best remaining dive/travel years' are not worth any extra $ to me, even if it means living in a condo, rather than a fancy house.
__________________
Balance in everything.
HI Bill is offline   Reply With Quote
Old 12-09-2019, 11:09 PM   #87
Recycles dryer sheets
Cayman's Avatar
 
Join Date: Nov 2015
Posts: 262
A lot of good advice here.

Don't underestimate the impact that a blow to.your health - or someone's health who is important to you - will have on your life, your future.

As our dear friend 96 year old Bob says "retire to something. I don't care what it is, but have something to occupy your time that you enjoy and find meaningful or useful."
Cayman is offline   Reply With Quote
Old 12-29-2019, 10:17 AM   #88
Confused about dryer sheets
 
Join Date: Nov 2019
Posts: 3
Well I've postponed my date until 2/21. I have a condo at a ski resort and I called up to make sure it was not rented out starting 1/6. But it was rented until 1/20 so I decided to work instead for the time being.

In early March I have a trip already planned to France and Italy so that kind of set my final date. No sense in coming back to work after that.

Over Christmas I went to a family gathering. One of my more distant relatives is a partner in a law firm. I have always asked him when he was planning on retiring - it certainly was not a money issue with him. He just said he liked work. Well when I saw him a week ago he was in a wheelchair and now has a home health aide, and can only speak in a whisper. I don't know exactly what happened but it was definitely since last year. Very sad.

So seeing something like that, I even more so get that it is not about the money.
LINYbob is offline   Reply With Quote
Old 12-29-2019, 11:49 AM   #89
Confused about dryer sheets
 
Join Date: May 2013
Location: San Antonio
Posts: 2
Quote:
Originally Posted by LINYbob View Post
I'm at the verge of retiring - maybe by year end. My financials are fine - every model I run gives me confidence.

But I could stay at my job and make more money and preserve my retirement funds, and grow them more.

What things do you think of when it is time to make the decision? I don't really love my job, it is ok at best. But it pays well and it is not too stressful. And I'm worried that the fun of retirement will wear off in a few months.

I'd like to get some input on how people decide to give up certain income vs time to do whatever you want.
Retiring has been on my mind for quite some time. 60 years old, married and retired from the military. I work full time but recently I had a life changing experience that opened up my eyes. I was diagnosed with clogged arteries and I had to endure open heart surgery where they unclogged 4 arteries. The signs were there but I kept saying " No Way" this will happen to me. On Sep 6, 2019, I had a heart attack while on vacation in San Diego. I ignored the signs. After many tests, doctors said I needed bypass surgery. I went under the knife on 15 Nov 2019. A little over six weeks ago. My life perspective has changed. I realized tomorrow is not guaranteed and no matter how much money we have, once you die, you can't spend anymore. So the question is, do I want to live out my life now before I can't live the way I wish, or do I continue to work to FRA and then retire? Mind you that I already get pensions from the Air Force and the VA. Condo is paid off. No debt aside form a truck payment which we plan on paying off in the next 2-3 months. Is it worth retiring now all chance my health and continue working? Can't get these questions out of my head. My wife enjoy traveling and have intentions to continue traveling after we retire. We have also discussed purchasing an RV and hitting the road as well. Are these ideas crazy? Do we take the jump and retire? Do we continue saving for retirement? Opinions would be welcomed.
Musica40 is offline   Reply With Quote
Old 12-29-2019, 12:08 PM   #90
Recycles dryer sheets
 
Join Date: Dec 2017
Posts: 289
Quote:
Originally Posted by LINYbob View Post
Well I've postponed my date until 2/21. I have a condo at a ski resort and I called up to make sure it was not rented out starting 1/6. But it was rented until 1/20 so I decided to work instead for the time being.

In early March I have a trip already planned to France and Italy so that kind of set my final date. No sense in coming back to work after
I guess I'm a slacker. Retiring in August 2020 but I don't have any trips planned. Are the "alumni cruises" really a good deal? I noticed that they are usually half off.
RetMD21 is offline   Reply With Quote
Old 12-31-2019, 02:22 AM   #91
Thinks s/he gets paid by the post
HI Bill's Avatar
 
Join Date: Dec 2017
Posts: 2,080
Quote:
Originally Posted by Musica40 View Post
Retiring has been on my mind for quite some time. 60 years old, married and retired from the military. I work full time but recently I had a life changing experience that opened up my eyes. I was diagnosed with clogged arteries and I had to endure open heart surgery where they unclogged 4 arteries. The signs were there but I kept saying " No Way" this will happen to me. On Sep 6, 2019, I had a heart attack while on vacation in San Diego. I ignored the signs. After many tests, doctors said I needed bypass surgery. I went under the knife on 15 Nov 2019. A little over six weeks ago. My life perspective has changed. I realized tomorrow is not guaranteed and no matter how much money we have, once you die, you can't spend anymore. So the question is, do I want to live out my life now before I can't live the way I wish, or do I continue to work to FRA and then retire? Mind you that I already get pensions from the Air Force and the VA. Condo is paid off. No debt aside form a truck payment which we plan on paying off in the next 2-3 months. Is it worth retiring now all chance my health and continue working? Can't get these questions out of my head. My wife enjoy traveling and have intentions to continue traveling after we retire. We have also discussed purchasing an RV and hitting the road as well. Are these ideas crazy? Do we take the jump and retire? Do we continue saving for retirement? Opinions would be welcomed.


If your pensions and SS/<4% of your investments satisfy your spending needs, then NOT pursuing these ideas is crazy. As someone here said once, or sever times, the goal is not to be the richest one in the graveyard.
__________________
Balance in everything.
HI Bill is offline   Reply With Quote
Old 01-01-2020, 07:41 AM   #92
Recycles dryer sheets
Cayman's Avatar
 
Join Date: Nov 2015
Posts: 262
Quote:
Originally Posted by LINYbob View Post
Over Christmas I went to a family gathering. One of my more distant relatives is a partner in a law firm. I have always asked him when he was planning on retiring - it certainly was not a money issue with him. He just said he liked work. Well when I saw him a week ago he was in a wheelchair and now has a home health aide, and can only speak in a whisper. I don't know exactly what happened but it was definitely since last year. Very sad.

So seeing something like that, I even more so get that it is not about the money.
Right on. Our mortality trumps money. Sounds like he made the best choice for himself and his time here by doing what he enjoyed while he was able to.
Cayman is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Any thoughts about making this site more mobile friendly? dirtbiker Forum Admin 19 10-15-2019 11:04 PM
Why Has Making Product Information Harder To Find Become MORE Common? Midpack Other topics 24 05-10-2017 12:00 PM
The Head Of A Household Of Four Making Minimum Wage Has More Disposable Income Than A dex Other topics 99 01-11-2011 02:00 PM
Still making money in RE Arif FIRE and Money 14 05-20-2006 02:48 PM
Addicted to making money shiny FIRE and Money 25 03-23-2006 01:51 PM

» Quick Links

 
All times are GMT -6. The time now is 01:01 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.