15 working days to go. Portfolio is down 13% from 2020 peak, but my projected spend is still only 3% and I have 5-7 years of cash to wait out the coming depression. Work just replaced the boss that pushed me over the edge to begin thinking about retiring and co-workers that depend on my skill-set are panicking about my leaving. I knew it was going to be hard to finally walk away, and I was all set mentally to deal with that. Then the world tilted on its side with the COVID-19 and all the unknowns it represents. I'm not as excited as I wanted to be as my day approaches. Now I am struggling with the idea of do I stay another month? Two? Or just close my eyes and jump off the bridge as planned.....
Class of 2020
- Thread starter retire2020
- Start date
ugeauxgirl
Thinks s/he gets paid by the post
I can see that it would be tempting to stay after evil boss is out of the picture and with all the uncertainty going on. Your projected spend is low and you have a ton of cash. You could stay, but it sounds like you won't be improving your life much if you do.
The way I think of it in my own situation is that I really don't deny myself anything that I want. More money would not improve my standard of living. If I keep working, I DO get more money, but what difference does that make when you already have all you need. It's like working for free- to me. But your situation might be different.
pacificlou
Dryer sheet wannabe
- Joined
- Aug 23, 2008
- Messages
- 14
Sit tight
I've been through this a few times, once this has passed by your account will go back or close to what you had before all this fiasco occurred, the difference right now is that this is first time a virus has impacted the economy vs a recession from previous time. O believe the economy will get back on its feet and resume what we had prior. Whatever you do research options, I lost $$$ in the beginning of this and have now been getting back to where it was, maybe another month. Good Luck
I've been through this a few times, once this has passed by your account will go back or close to what you had before all this fiasco occurred, the difference right now is that this is first time a virus has impacted the economy vs a recession from previous time. O believe the economy will get back on its feet and resume what we had prior. Whatever you do research options, I lost $$$ in the beginning of this and have now been getting back to where it was, maybe another month. Good Luck
pacificlou
Dryer sheet wannabe
- Joined
- Aug 23, 2008
- Messages
- 14
Advice
Let me give you all a reality check, no one has a crystal ball guaranteeing you or spouse longevity to those golden years. Don't believe me then look at the current standards for life expectancies. Women for the most part on average 81.3 months and men around 79 give or take. But those are averages, since I've been retired in 2005 I've seen many who never made it to collect SS at 62 and those beyond 65 start to fall.
If you wait to max out your SS and have more money than you can spend within your current lifestyle with 401Ks and whatever, you'll be missing out on what life really has to offer, I always hear people say I love working, I like to keep busy etc..., that's good and fine but when your health starts to decline or God forbid you get injured or any medical issue comes you'll regret the fact you had an opportunity to really enjoy what life had to offer.
Reconsider what you have and think about how you want to live the remainder of years (Good health) and be wise with your money, we only have one shot and make the best of it. Good Like and Be safe.
PS, I survived a few medical issues, heart, cancer (Pancreatic) whipple surgery and I rejoice everyday I left work when I did and shared time with my grandchildren helping raise them, travel and enjoy my family and friends, I'll be 70 in August still a youngster.
Let me give you all a reality check, no one has a crystal ball guaranteeing you or spouse longevity to those golden years. Don't believe me then look at the current standards for life expectancies. Women for the most part on average 81.3 months and men around 79 give or take. But those are averages, since I've been retired in 2005 I've seen many who never made it to collect SS at 62 and those beyond 65 start to fall.
If you wait to max out your SS and have more money than you can spend within your current lifestyle with 401Ks and whatever, you'll be missing out on what life really has to offer, I always hear people say I love working, I like to keep busy etc..., that's good and fine but when your health starts to decline or God forbid you get injured or any medical issue comes you'll regret the fact you had an opportunity to really enjoy what life had to offer.
Reconsider what you have and think about how you want to live the remainder of years (Good health) and be wise with your money, we only have one shot and make the best of it. Good Like and Be safe.
PS, I survived a few medical issues, heart, cancer (Pancreatic) whipple surgery and I rejoice everyday I left work when I did and shared time with my grandchildren helping raise them, travel and enjoy my family and friends, I'll be 70 in August still a youngster.
roadtripper
Dryer sheet aficionado
- Joined
- Dec 7, 2016
- Messages
- 40
I put in my paperwork for 6/30/2020 back in January. In my school district, it's irreversible. I am a travel agent as my side hustle lol. Not so much worried about the market or income right now, but I won't be able to say goodbye to my students if we're out for the rest of the year. That's why I requested teaching 2 classes next year. I would be able to collect my small pension and get paid 2/5 of my salary. We'll see if they let me. Fingers crossed.
+1. Though I do sometimes regret that I didn't at least give it a shot for personal growth reasons, and also to make a bit more $$. Then again I had a job 20 years ago that paid pretty well but 60 hr weeks were the norm. Jumped ship to a 'lesser' job that paid 20% less, but I also worked 20-30% less, so my hourly rate was the same. And I was MUCH happier.
Our current "leadership" in my dept is the worst I've experienced in my nearly 20 years in the company. On the plus side, I'm more motivated to ER.
Could you elaborate please? Not sure I follow you. I thought by definition SORR is (potentially) worse if it happens early in retirement, if one is not able to reduce SWR enough to still cover expenses and is forced to sell low? Maybe this could be a new thread (or already is?) Don't want to hijack the original 2020 topic.
ugeauxgirl
Thinks s/he gets paid by the post
I put myself on mornings only at work since there isn't much to be done at the moment. I amble in at 9:30 and I'm out of there by noon. Enjoying that. Not sure how far back it will push my days of going into the office. Maybe I'm still on track for this year. September?
COcheesehead
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I guess it depends if you are taking withdrawals or not.
I will start withdrawing in July. I prefer to have already taken the haircut than to have started my retirement in say January of this year when I would have taken money out and my portfolio goes down.
1242Vintage
Full time employment: Posting here.
Ten “working” days until my April 30th retirement.
All paperwork is in to Corporate HR and just running out my time until the end of the month.
After our daily check in WebX tele-conference on the 30th, the only task I have on my calendar that day is a trip to the post office to box up and send back works laptop, cell phone, and security badge.
Pension kicks in May 1. Let the good times roll!
All paperwork is in to Corporate HR and just running out my time until the end of the month.
After our daily check in WebX tele-conference on the 30th, the only task I have on my calendar that day is a trip to the post office to box up and send back works laptop, cell phone, and security badge.
Pension kicks in May 1. Let the good times roll!
Congrats!
I, too, have told work that 4/30 is my last full time day. I've been talked into a soft-separation and will be working part time for a couple of months to ease the transition. My plan is to call in two - three times a week. If they need me, then I will work. If they don't, then I am free to go play and not worry about having to answer my phone.
Markola
Thinks s/he gets paid by the post
Congrats to those getting out! With the big financial downturn at w*rk, it might soon be forced upon me and I think I’ll know in a couple of weeks. After that, whenever it ends, the financial plan calls for semi-FIRE consulting or at least a solo contributor role vs. managing others. I’ve mostly enjoyed management and leadership and the higher pay but the tank feels kind of empty when I thinking about cranking all that up again somewhere else. If selling wine or working in a hardware store part time paid anything, I might try that. [emoji898][emoji1009]
DRC726
Dryer sheet aficionado
To put it mildly, the world has changed a bit since the last update on 3/16/2020. Almost unbelievably.
That said, Your LIST update is here!
Congratulations to everyone that's "Made It" so far! Livin' the dream (although likely in isolation)!
Class of 2020 (Un)Official list... (I like lists!):
- dingo - 1/2/2020 (Congrats! (snuck in front of Ergragg1)) {CHECK}
- Erbragg1 - 1/3/2020 (Early bird... Teacher's pet...
- Octogirl - 1/3/2020 {CHECK} (Getting shafted on part-time work?)
- INTJ10 - 1/9/2020 {CHECK} (W*rking an overpaid temp job)
- Out_the_Door - 1/24/2020 {CHECK}
- idledancer - 1/27/2020 {CHECK}
- nobodyspecial - 1/31/2020 {CHECK}
- AS2019 - 2/14/2020 {CHECK} (Announcement)
- Third Son - 2/29/2020 {CHECK}
- target2019 - 2/28/2020 {CHECK}
- HighFlight - 3/4/2020 {CHECK} (but not the easy way!)
- nobody - 3/6/2020 {CHECK}
- 51notout - 3/6/2020 {CHECK}
- Maenad - 3/13/2020 {Waiting for Update...}
- Go-NoGo - 3/16/2020 {CHECK}
- georgemoe - 3/20/2020 (after 43 years!) {Waiting for Update...}
- CoastboundPNW - 3/31/2020 {Waiting for Update...}
- DRC726 - 3/31/2020 {Waiting for Update...}
- Grimelowe - 4/3/2020 (45yo - Nice!)
- jaharrer - 4/30/2020
- mattwallace24 - 5/2020 (Placeholder)
- Dalmore - 5/1/2020
- Mountain skier - 5/2020 ("late May")
- RobLJ - 5/15/2020 (Retiring the rest of the way!
- Ger0n1mo - 5/31/2020 (Hoping...)
- kingkarmann - 6/1/2020
- OTDasap2020 - 6/1/2020
- brainsagolfer - 6/1/2020 (maybe earlier?)
- pdxgal - 6/30/2020 (Committed now!
- TN Jim - 6/30/2020 (40 years is enough!)
- Lienlord - 7/1/2020 (fuzzy - due to pandemic!)
- ugeauxgirl - 7/1/2020 (Class ringleader
- COcheesehead - 7/10/2020
- wmackey - 7/10/2020
- free2020 - 8/31/2020
- FlyFisher - 9/1/2020
- L Carlisle - 9/1/2020 (MOSTly retiring...)
- spikeykiller - 9/10/2020 (Say "NO!" to OMY!
- GoBugGo - 9/25/2020
- cnocmmz - 9/30/2020
- Unpaintedhuffhines - 10/1/2020 (RSU's FTW!
- bada bing - 10/1/2020 (Placeholder for now)
- Draggon - 11/1/2020 (Leaving 9/23/2020 w/PTO)
- Mr. Vacation4us - 11/2/2020
- f35phixer - 11/12/2020 (Not committed - likes their J*B!?)
- ohiodep and the DW - 12/1/2020 (Leaving work 9/17/2020 on vacay!)
- tinlizzy - 12/1/2020 (deferred from 6/1 - i.e. Plan B!)
- Mrs. Vacation4us - 12/15/2020 (Mr. V cut in front of her!)
- FLSUnFIRE - 12/31/2020 (date taken from "the end of the year")
- HNL Bill - 12/31/2020 (deferred due to pandemic
- retire202052 - 12/2020 (I may have figured out the pattern of your UserID
- gamboolman - ??/2020 (pick a date, any date...
- RxMan - ??/20?? (Class of 2020 Official Stalker)
Anyone else want to post their target? Also, lemme know if I miss one.
Update: My retirement has been delayed. Management asked me to delay my retirement date due to the pandemic which really isn't too bad as I'm basically working part time from home earning my full time pay. Pretty good gig! No definite date set yet but I would think I'll be done by the summer.
ugeauxgirl
Thinks s/he gets paid by the post
I'm working part time now too. I like it!
COcheesehead
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Back from my 5 week virus motivated "furlough". Sitting at my old desk now playing out the last 8 - 9 weeks.
The 5 weeks of "practice" retirement was interesting. It took me maybe 24 hours to feel comfortable. We developed a bit of a routine. The dog was walked first, then my wife would have breakfast, none for me since I practice IF, then we would walk to a trailhead from the house for hike or do a bike ride for a few hours. The afternoon was filled with guitar, reading, YouTube, new house planning, chores or maybe some weightlifting. Then dinner, some wine, a movie, Scrabble or just sitting on the back patio enjoying the warm weather.
The 5 weeks flew by. Once the virus issues dissipate I look forward to doing more people interactive things like classes, volunteering, special events gig at the local wineries and more regional, car based travel. Flying may have to wait a bit longer.
Someone on here said retirement is a bit like being on summer vacation when you were in school and that's the way it felt. There is always something to do and it just sort of flows, but it also seemed to go too fast.
The 5 weeks of "practice" retirement was interesting. It took me maybe 24 hours to feel comfortable. We developed a bit of a routine. The dog was walked first, then my wife would have breakfast, none for me since I practice IF, then we would walk to a trailhead from the house for hike or do a bike ride for a few hours. The afternoon was filled with guitar, reading, YouTube, new house planning, chores or maybe some weightlifting. Then dinner, some wine, a movie, Scrabble or just sitting on the back patio enjoying the warm weather.
The 5 weeks flew by. Once the virus issues dissipate I look forward to doing more people interactive things like classes, volunteering, special events gig at the local wineries and more regional, car based travel. Flying may have to wait a bit longer.
Someone on here said retirement is a bit like being on summer vacation when you were in school and that's the way it felt. There is always something to do and it just sort of flows, but it also seemed to go too fast.
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kingkarmann
Recycles dryer sheets
- Joined
- Jul 13, 2007
- Messages
- 152
I’ve been furloughed since March 18th. I’m scheduled to return to work May 11th.
I’ll only have 3 weeks until my June 1 retirement date. I talked to my boss about moving up the date and just vacationing out. I really don’t want to go back to the plant. I see no point plus my mother has dementia and is 80. I’ve been taking the social distancing very seriously for her sake. Unfortunately they want us all back for at least the first week or so so they can”assess the manpower situation”
I just signed an enhancement to my retirement because they want to reduce our workforce. I’d just say the hell with it and not go back if it didn’t violate the signed agreement. It’s gonna be a long 3 week’s.
I’ll only have 3 weeks until my June 1 retirement date. I talked to my boss about moving up the date and just vacationing out. I really don’t want to go back to the plant. I see no point plus my mother has dementia and is 80. I’ve been taking the social distancing very seriously for her sake. Unfortunately they want us all back for at least the first week or so so they can”assess the manpower situation”
I just signed an enhancement to my retirement because they want to reduce our workforce. I’d just say the hell with it and not go back if it didn’t violate the signed agreement. It’s gonna be a long 3 week’s.
51notout
Recycles dryer sheets
- Joined
- Jul 15, 2013
- Messages
- 80
Congratulations 1242Vintage! Welcome to the club!
My 4 week retirement update:. In the past 4 weeks, we spent two of them in the forest and the past two in Dayton, Oh helping a daughter renovate/update her first house. It's been a great time even though we are on 'plan E'. We were originally going to go to Malwali with Peace Corps Response.. that is on hold indefinitely. Then we thought hiking the AT was going to be a good social distancing exercise...but the ATC doesn't want anyone on the trails or in shelters. Our plan C was to visit National Parks but they soon started closing. We made it two weeks in Pisgah N.F. in Western N.C. and Nantahala before selections were shut down and closed off. We were able to help my parents out for a few days (Pops has back problems, Parkinson's, and is increasingly less mobile.) Then my partner's middle daughter closed on her first house, so we've been able to tear up carpets, paint all the rooms, and make electrical and lighting updates for her.
It isn't what we had planned, but we have given ourselves and our family the 'gift of time'. Our accounts may be down around 300k, but we won't need to sell for another few years. I don't miss meetings. I don't miss the work. I miss the social aspects, of being around friends but I think we all do right now.
I'll check in again in a few months. Until then take care, and stay healthy!
It isn't what we had planned, but we have given ourselves and our family the 'gift of time'. Our accounts may be down around 300k, but we won't need to sell for another few years. I don't miss meetings. I don't miss the work. I miss the social aspects, of being around friends but I think we all do right now.
I'll check in again in a few months. Until then take care, and stay healthy!
COcheesehead
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
1242Vintage
Full time employment: Posting here.
Thank you.
Feels awesome to be free. Shut down at 5 after my last web teleconference, headed out the back gate, and currently hiking on my favorite gravel road down to a serene and isolated stretch of river.
It’s a slow walk as I thank the good lord for the blessings of a loving wife (married 33 years), a career that spanned 3 decades, and 3 kids who are young professionals pursuing their dream careers (engineer, nurse and physicist).
Cheers to all my class of 2020 brothers and sisters!
