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View Poll Results: At what age did you or will you retire?
Age 49 or younger 51 13.64%
Age 50-54 88 23.53%
Age 55-59 132 35.29%
Age 60-62 65 17.38%
Age 63-65 25 6.68%
Age 66-69 6 1.60%
Age 70 or older 7 1.87%
Voters: 374. You may not vote on this poll

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Old 05-30-2020, 04:53 PM   #61
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Originally Posted by REWahoo View Post
Why are you posting here and not on the Never-Retire.org forum?
Point well taken. As a semi-retired person, I have many of the same issues as the folks "luxuriating" in a full retirement.
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Old 05-30-2020, 08:17 PM   #62
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Why are you posting here and not on the Never-Retire.org forum?
What a sucker I am. Sure. I went searching for that forum, even though it was you, REWahoo, who mentioned it.
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Old 05-30-2020, 08:38 PM   #63
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The OP apparently believes that full retirement is so attractive that any sane and rational person would hunger for it.
I do not believe that.
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Old 05-30-2020, 09:06 PM   #64
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Retired at 52 years old. So glad I did.
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Old 05-30-2020, 09:21 PM   #65
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Planned to retire at age 55. Took a summer off after turning 55 and despite the heat and humidity wandered through the Caribbean and Central America with my wife that Summer and Fall.

I got dragged back into work by a raise and promotion for one more year. The additional money spiked my pension by $20k a year so I couldnít walk away from that windfall

Retired at age 56 and drawing my pension No plans and no need to work any more.
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Old 05-31-2020, 08:59 AM   #66
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I'm currently 55, debt free, building a 25 year pension, and have a decent amount in my 401K. I had planned on retiring at 62, but not sure about bridging the health care costs for a few years. I don't plan on going cold turkey on making money, but don't plan on working a 1099 job...probably will be helping out a friend driving one of his trucks, or refurbishing mowers/tractors like I have been doing for years
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Old 05-31-2020, 12:09 PM   #67
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I retired 11.5 years ago at age 45. As strident I am a member of the I-R-P, I don't consider the few hours a year I spend in income-generating activities somehow not retired.


In my volunteer work with some area schools, they throw a few dollars at me for running their school Scrabble tourneys. I run 2 or 3 per school year, and I spend about 8 hours on each of them, mostly the day of the tourney along with 2 hours prep- and post-tourney time. There is no contractual agreement to be paid any amount but they give me $25-$50 for each one. So, that's at most $100 per year.


Then I do the income tax returns and oversee the portfolio of my best friend, the snake-bit one I have written about before. Together, I spend on average one hour per month and he pays me $10 per month. So, that's $120 per year. We didn't establish any pay until 2012 after he received a large inheritance, creating his large portfolio and making his income tax returns (which I had already been doing for several years) more complicated.
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Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

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Old 05-31-2020, 02:47 PM   #68
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I plan on retiring at 50 but according to the parameters I guess I'm not retiring.
As a bit of side gig for fun, I'm part of a survey group and plan to continue after I quit my day job. I get a few 5-15 min surveys sent to me weekly which I decide to complete or not. After I complete a certain number of surveys I get a $50 credit good for various items. I've been using it to recharge my Starbucks card.
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Old 05-31-2020, 08:56 PM   #69
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55 and 2 days.

Picked 55 to be eligible for retiree medical and Rule of 55. The extra 2 days got me another month of company health insurance. Turns out that I declined retiree medical because it was ridiculously expensive and we won't need my 401k funds before 59.5. Should have retired earlier then I could have voted 50-54.
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Old 05-31-2020, 10:32 PM   #70
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Originally Posted by 1242Vintage View Post
Planned to retire at age 55. Took a summer off after turning 55 and despite the heat and humidity wandered through the Caribbean and Central America with my wife that Summer and Fall.

I got dragged back into work by a raise and promotion for one more year. The additional money spiked my pension by $20k a year so I couldnít walk away from that windfall

Retired at age 56 and drawing my pension No plans and no need to work any more.
rule of 55?
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Old 06-01-2020, 12:21 AM   #71
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Dh retired last year at 60.5 years. Has no interest in ever working again. Heíd been planning many years to retire at that age.

Me? Still working a 90% contract. The difference between retiring this year and in 2 years is over 25K....more than I want to leave on the table. I want a FATFire. So itís likely Iíll retire at 60.
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Old 06-01-2020, 05:52 AM   #72
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Retired at 58 1/2. Wife still working and will retire in January 2021 at 59 3/4.

Can't believe I've been retired 17 months.
Will start collecting a small pension in July.

Life is good.
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Old 06-01-2020, 07:21 AM   #73
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Planned 57.75 (so I would have my 140 SS quarters)
Actual 55.75 (so I would have my sanity)


Now 19 9 years later, no regrets on decision
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Old 06-01-2020, 07:27 AM   #74
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Retired 16 years ago at age 49.
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Old 06-01-2020, 08:00 AM   #75
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I work in computer software research (AI) and enjoyed my work for a long time. However by age 57, I started feeling a little burnt out. I am now planning to retire for good later this year at age 58.

My wife and I both earn pretty large salaries and are relatively frugal. What's more, she plans to keep working - she really enjoys her work unlike me. I'm really glad for her but I am feeling like I'm really done.

In the unlikely event I ever want to get back to work, it ought to be easy since there is an acute shortage of computer science instructors.
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Old 06-01-2020, 08:16 AM   #76
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Our plan is to retire when I'm 60 (wife will be 55), though I will probably keep doing some part time work till I start taking SS at 62-65.

Of course, with the whole COVID mess I would expect taxes to go up and Social Security benefits to go down. So we may or may not meet our goal depending on what happens over the next three years.
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Old 06-01-2020, 04:28 PM   #77
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Retired 5 years ago at age 59. DH retired 2.5 years ago at age 64. DH managed 6 months and has been working last 2 years. He plans to work at least 1 more year. Itís IT work he does from home.

Given the current environment Iím totally supportive and appreciative. Hopefully, in a year or so we can get back to full time retirement with safe travel.
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Old 06-02-2020, 12:13 AM   #78
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Originally Posted by rk911 View Post
rule of 55?
"The following additional exceptions apply only to distributions from a qualified retirement plan other than an IRA:
Distributions made to you after you separated from service with your employer if the separation occurred in or after the year you reached age 55, ..."
https://www.irs.gov/taxtopics/tc558
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Old 06-02-2020, 09:40 AM   #79
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I retired at age 55 and 20 days, 2 months after my wife retired at age 54. That was March 2nd, 2010.

Neither of us have earned a penny since. My private pensions are fixed, no COLA, so 10 years of low inflation have nicely carried us over to UK and US SS next year. Taxable investments have provided all the discretionary spending we have wanted.
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Old 06-02-2020, 03:21 PM   #80
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I will retire in a few years at 47. Fully retire. No hobby job, no rental house, no consulting on the side. Pension will easily cover a nice life. TSP is there as well if I want to go more luxurious.
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