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Stop Dreaming, Early Retirement Is Over
05-29-2007, 10:45 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,207
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Stop Dreaming, Early Retirement Is Over
From the LA Times, age of retirement is increasing:
http://tinyurl.com/2sr83u
Or is there room for a few of us to sneak through? 
__________________
T.S. Eliot:
Old men ought to be explorers
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05-29-2007, 10:54 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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One interviewee mentions the importance of RE in her retirement plans. The current RE bust could be one factor putting a dent in retirement plans, just as the Dot.com crash nixed some retirements 6-7 years ago.
I am 66, and I definitely look my age. Nevertheless, everyone I meet assumes that I am still working. It must be that many people my age are, at least in expensive locations like where I live.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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05-30-2007, 06:46 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 1,250
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GASP!! No way for me! I am outta "the regular work force" NLT 55!
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05-30-2007, 07:49 AM
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#4
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Confused about dryer sheets
Join Date: Oct 2006
Posts: 5
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early retirement
My mother is still working. She's 65. The only reason she is still working is because she started saving for retirement in her mid 40's. I'm 40 and have almost as much saved up for retirement as she does. She'll have pension and that's her saving grace along with SS. She's thinking of retiring next year. I hope she does so she can do some things she enjoys. The guy who's 79 in the article will die at his desk, but at least he seems like he really enjoys what he is doing. More power to him.
As for me, the sooner I can get out the better. I think the future will be grim for alot of people who failed to plan for their retirement.
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05-30-2007, 07:52 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: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Sounds like many of the folks returning are doing so by choice. Nothing wrong with that.
What I don't want is to be *dependent* on a job to put food on our table and keep us well. If there's something I enjoy doing and make a few bucks on the side, so much the better.
But the point of 'FI' in 'FIRE' is that such a job would be held because you *want* to work...not because you *have* to. Retiring early isn't for everyone, but even if it's not for you, wouldn't you still want to be financially independent enough to tell 'em to stick it if the job starts to suck?
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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05-30-2007, 08:55 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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The consequences: By staying in the workforce, older employees generate more spendable income — buoying the economy and contributing additional income taxes. Social Security could also be helped as workers pay into the system for additional years.
This is actually good news for members of this board 
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05-30-2007, 09:57 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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"As long as I'm in good health, I see no reason to retire," said the suburban Philadelphia resident. "I would sit around and vegetate."
I sure wouldn't want anyone this unimaginative and ignorant to be working for me.
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05-30-2007, 10:12 AM
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#8
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Moderator Emeritus
Join Date: Jul 2005
Posts: 2,811
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It is pretty obvious that the folks who frequent the FIRE website are not of the same ilk as those in the mainstream. One has to have a certain mindset and ambition to escape the daily grind of working for a living. It takes more than a dream to get to FIRE. It takes a plan and the dedication to stay with it. Those that have no plan will have to work until they are thrown aside for younger worker bees or can't do it anymore because of health issues.
Like the old saying goes: "fail to plan, plan to fail".
__________________
Work? I don't have time to work....I'm retired.
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05-30-2007, 10:55 AM
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#9
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Recycles dryer sheets
Join Date: Mar 2007
Posts: 211
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*shrug* Fewer RE-ers means it'll be easier to score a tee time and that sweet vacation home. I may keep up my consulting practice part-time after I "retire", but billable hours will have to fit around volunteering and walks with friends.
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05-30-2007, 11:06 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 1,305
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I have been a 'black sheep' of sorts all my life. When people zigged, I zagged. LBYM is NOT the mainstream here in North America. Not being part of the herd has help get us where we are.
Being a contrarian has help us get here. I have always said to my kids, ' thank God for the average', ... and have been thankful that we were not.
It is good to see that our SS problems may be solved by our 'average' bretheren, who will continue to feed the system.
Life is good (for (the collective) us  )
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05-30-2007, 11:28 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: May 2005
Posts: 16,177
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"Otherwise, "what are you going to do with all that time?" she asked."
Nuff said...
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05-30-2007, 06:03 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,228
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 Quote:
Originally Posted by TromboneAl
"As long as I'm in good health, I see no reason to retire," said the suburban Philadelphia resident. "I would sit around and vegetate."
I sure wouldn't want anyone this unimaginative and ignorant to be working for me.
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I w*rked with 3 guys in my department that fit the bill. They said they will keep working into old age because if they retired they'd get bored! Geeze, their lives must really suck!!! 
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06-01-2007, 09:25 AM
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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: Aug 2006
Posts: 12,483
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__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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06-01-2007, 10:02 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 1,250
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One of our dinner guests last night was a 67 year old college professor from IL - he cannot fathom retirement. Nice that he does seem to truly enjoy his career - but, he was baffled by retirement conversations of others at the table. AMAZING! I just do NOT understand his mentality... 
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06-01-2007, 10:43 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: May 2005
Posts: 16,177
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Actually that is a 'job' that I would not mind having... and not mind doing... after being there awhile, you can schedule when you want and how often you want... and hire TAs to do all the work...
Keeps the mind young dealing with all those young uns...
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06-01-2007, 10:59 AM
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#16
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Full time employment: Posting here.
Join Date: Mar 2007
Posts: 984
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No way.....I cannot wait to retire!
Working gets in the way of my life! It is a sad thing that they don't have an idea of what to do in retirement. My mother is like that....no hobbies besides shopping and gossiping.
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06-01-2007, 11:10 AM
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#17
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Full time employment: Posting here.
Join Date: Mar 2004
Posts: 688
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Having a job gets in the way of all of the stuff I would much rather be doing.
__________________
Diggin' my way to financial freedom, one buck-at-a-time
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06-01-2007, 09:46 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 1,305
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Quote:
Originally Posted by citrine
No way.....I cannot wait to retire!
Working gets in the way of my life! It is a sad thing that they don't have an idea of what to do in retirement. My mother is like that....no hobbies besides shopping and gossiping.
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My dw has a very full day with her shopping and gossiping hobby, thank you very much...
It's not quanity, it's quality ...
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Life is GREAT!
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06-02-2007, 03:26 AM
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#19
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Dryer sheet wannabe
Join Date: Nov 2006
Posts: 20
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C'mon guys - ER is a great goal and one of my husband's as well (I actually hope to continue to do something in my career forever, but not full time and only the cases I want to take), but isn't it even better to be able to have a job you love going to every day? what if your hobbies and things you plan to pursue post-ER become possible new careers? Is it really so different than having found a wonderful career right from the start?
My dad is also a prof and we all assumed he'd die in front of a class but now in his early 60s he is actually talking about "retiring" although I am sure that will involve teaching some as emeritus and doing lots of consulting. And trust me, it isn't because he couldn't afford to retire today (or last year, or 10 years ago ...)
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06-02-2007, 04:20 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Location: Los Angeles area
Posts: 1,698
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Quote:
Originally Posted by ylm23
C'mon guys - ER is a great goal and one of my husband's as well (I actually hope to continue to do something in my career forever, but not full time and only the cases I want to take), but isn't it even better to be able to have a job you love going to every day? what if your hobbies and things you plan to pursue post-ER become possible new careers? Is it really so different than having found a wonderful career right from the start?
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I had a career (programming) that was a perfect fit for me - very easy, almost
always solo, my own hours, very little overtime, good pay, etc. I retired 7 months
ago, and there is no comparison. Now I can do exectly what I want. I do not
think anyone is going to pay me to take bike rides, nap when I want during the
day, hike, play with my dogs, or drink a nice bottle of wine. There is a huge
difference.
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learn, work, save, invest, fire
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