View Poll Results: At what age did you or will you retire?
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Age 49 or younger
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61 |
13.41% |
Age 50-54
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109 |
23.96% |
Age 55-59
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163 |
35.82% |
Age 60-62
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79 |
17.36% |
Age 63-65
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28 |
6.15% |
Age 66-69
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7 |
1.54% |
Age 70 or older
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8 |
1.76% |
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At what age did you retire or plan to retire?
05-29-2020, 11:56 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,396
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At what age did you retire or plan to retire?
At what age did you fully retire, or at what age do you plan to fully retire? I define "retire" as not working for money, and that includes working even though you don't need the money, or part time work or work that you do just for fun or just because you are bored. If you work for money or to generate income for any reason for any amount of time you are not retired by my definition. And that includes working to maintain rental properties.
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05-29-2020, 12:01 PM
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#2
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,358
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__________________
I thought growing old would take longer.
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05-29-2020, 12:18 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,396
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Yes, but I want a poll that makes it clear that you are not retired if you are working for money in any capacity for any reason for any amount of time. For this poll it does not matter if you do not need the money, or the job is fun, or it does not feel like work, or you only work 2 hours a week, or you only do it because you are bored, or it is a temporary assignment, or any other reason. Working for money equals not being retired, including working to maintain real estate rental property. And you have no plans to return to work.
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05-29-2020, 12:41 PM
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#4
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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: 11,299
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Retired at age 57 y.o. after trying to gain employment for 1.5 months, but then realized I could retire.
Not working for any monies now and never will again.
__________________
TGIM
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05-29-2020, 12:52 PM
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#5
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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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Retired at 45 thanks to 1) being a tightwad, 2) investing in rental real estate in CA, and 3) never being married.
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05-29-2020, 01:41 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Hog Mountian
Posts: 2,077
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Retired at 60 (+26 days).
I volunteer a lot, but no w*rk for compensation. No plans to ever w*rk again
__________________
Never let yesterday use up too much of today.
W. Rogers
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05-29-2020, 01:47 PM
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#7
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Recycles dryer sheets
Join Date: Nov 2012
Posts: 226
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Retired at 45, not doing part time work or real estate. The closest thing I do to working for money is managing my mom's portfolio - she doesn't pay me, but it's in my interest since I'll eventually inherit half.
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05-29-2020, 02:10 PM
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#8
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Recycles dryer sheets
Join Date: Sep 2018
Location: Tucson
Posts: 135
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Planned to retire at 40yo but was able to stop at 34yo. Bought, owned, and sold many rentals while being in the military. Will be 20 years in August. I’ve been fing off now longer than I worked. It’s been the best years of my life.
My goal is to be retired for 50 years.
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05-29-2020, 02:37 PM
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#9
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Moderator
Join Date: Nov 2015
Posts: 13,926
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Quote:
Originally Posted by JustCurious
I define "retire" as not working for money, and that includes part time work or work that you do for fun or just because you are bored.
If you work for money or to generate income for any reason for any amount of time you are not retired by my definition. And that includes working to maintain rental properties.
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So if someone has a hobby fun thing on the side that is never retired?
Oops then by that definition, I went from 46 to probably-too-old-to-be-early.
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05-29-2020, 02:42 PM
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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: Jan 2007
Location: New Orleans
Posts: 47,500
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I retired at 61.4 years old, on 11/9/2009.
Since that date I have not earned one single cent by working, either for someone else or in self employment. I am DONE, done, done, forever done, and frankly I would rather live under a bridge and starve than go back to work.
But luckily I am doing fine so no danger of that happening. My income sources are:
1) Social Security (32%)
2) mini-pension (13%)
3) investment portfolio dividends (55%).
I usually just re-invest most or all of those dividends because I don't need them, but IMO they are "fair game" if I want to spend more at some point.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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05-29-2020, 02:48 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Jul 2015
Posts: 1,103
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Quote:
Originally Posted by W2R
I retired at 61.4 years old, on 11/9/2009.
Since that date I have not earned one single cent by working, either for someone else or in self employment. I am DONE, done, done, forever done, and frankly I would rather live under a bridge and starve than to back to work.
....
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Wow, tell us how you really feel!
Actually, I feel the same way!
Surprised to see a decent contingent of under 49 yo retirees. Maybe should have options for under 39 and under 29, MMM style
__________________
Living the dream...
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05-29-2020, 02:48 PM
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#12
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Full time employment: Posting here.
Join Date: Jun 2014
Posts: 521
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Quote:
Yes, but I want a poll that makes it clear that you are not retired if you are working for money in any capacity for any reason for any amount of time.
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How about owning properties and having it managed by a property management company, BUT I do my own taxes on the portfolio?
I also buy and sell individual stocks and etfs once in awhile. Does that count toward working?
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05-29-2020, 02:51 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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I got an envelope with $14 in it today, which represents my earnings from the last 2 weeks of senior group Friday golf..does that count?
I'm still waiting on the envelope to sanitize so I haven't counted it yet.
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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05-29-2020, 02:57 PM
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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: Jan 2007
Location: New Orleans
Posts: 47,500
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__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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05-29-2020, 03:00 PM
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#15
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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I guess I can't vote... We have a granny flat. I cash a rent check once a month - and by your definition, that makes us not retired. Since we've had the same tenants for almost 6 years, and spend about 15 hours a year on maintenance average - it sure doesn't feel like work. But the income is part of our retirement income stream.
Would it count if I had a management company managing the 1 unit that is on our property? Seems silly to give up a percentage of the rent just to meet your definition of retired.
But... your poll, your rules. A previous poll said if you had kids under roof you weren't retired, you were a stay at home parent. Even though I worked for a paycheck until they were teenagers.
Sure felt like I retired when I quit being an engineer and gave up my paycheck. That was when I was 52, in June 2014.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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05-29-2020, 03:06 PM
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#16
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,725
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05-29-2020, 03:09 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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05-29-2020, 03:11 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,396
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Quote:
Originally Posted by Aerides
So if someone has a hobby fun thing on the side that is never retired?
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I don't know what you mean by "on the side," the side of what? My answer would depend on whether that person earned money from the hobby. If you work at a hobby and earn money from that hobby then I would not consider you to be retired.
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05-29-2020, 03:14 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Feb 2013
Location: Toronto
Posts: 3,321
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Yes agree on the strictness of the poll is a little artificial. It isn't my fault if people insist on giving me money for things that I would do (and have done in the past) for free. But yes... your poll, your rules!
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05-29-2020, 03:15 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,396
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Quote:
Originally Posted by Toocold
How about owning properties and having it managed by a property management company, BUT I do my own taxes on the portfolio?
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No. Almost everyone has to file taxes, so I don't consider doing your own taxes as working for money, especially if you are not getting paid to do it. And to anticipate your next question... no, saving money by doing something yourself is not the same thing as getting paid.
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