Rich_by_the_Bay
Moderator Emeritus
Why is it we medical folk have such a hard time retiring but the mega corps can't wait to leave ??
Cause we like our jobs?
Why is it we medical folk have such a hard time retiring but the mega corps can't wait to leave ??
Why is it we medical folk have such a hard time retiring but the mega corps can't wait to leave ??
You both had me laughing out loud right in the middle of a critical neurosurgical procedure on a VIP here in Tampa.
I don't get "paid" for my "work" in delivering meals, but the "benefits" (a smile and a "thanks") are well worth my effort.
I would think that medical personnel have more "human interaction". That makes a difference.
Why is it we medical folk have such a hard time retiring but the mega corps can't wait to leave ??
Also, it might be worthwhile to check out late-retirement.org. I hear they help with coming up with reasons to work into your 80's.
If you wait a year and a half longer than that, then you'll retire older than even me. Now that's old!! At least, I am beginning to feel old. I wish I could retire younger than that, but I'll be 61.5 when that lifetime medical finally falls into place for me.Now that's funny.
BTW, in my profession and generation, age 60 is considered suitable for premature-retirement.org. I will probably be the first one to ESR that young in recent memory in my institution.
If I retire that young...
Besides, don't you already qualify as having ESR'd, given that you're 10% retired now?
I think so, but no one gives me credit for it except the grandkids, who enjoy my rendition of Buzz Lightyear on those extra days off .
What REWahoo said. The only thing you're missing is the angels with the trumpets and the heavenly choir performing that classic serenade of "It's OK to retire now".I can weather 10-15 years without selling stocks if need be. Health insurance is assured, albeit on my own very heavy nickel. Plan to downsize but that can wait a few years.
I know the pundits say the scenario-from-hell is to retire smack into a recession or long bear market. I understand the arithmetic, but somehow it doesn't seem so bad (unless there's a serious once-in-a-century depression).
Am I missing something?
The heck with that-- this recession is nothin' compared to history. If you want to really take your portfolio for a test drive then plug in 1966-1982 and see how the the final number comes out. I believe that chronic anemia was far worse than even the Depression's hemorrhages...So, everyone seems to be saying not to worry. Let me mull that over for a year or two - probably things will change by then, and I can add another layer of protection. You never know...
You both had me laughing out loud right in the middle of a critical neurosurgical procedure on a VIP here in Tampa.
Or maybe they're gonna have to start all over again...There go the piano lessons.
Yes; regardless of your portfolio, every day you decide not to retire is another day that you loose doing what you want to do (assuming you rather not be at your current j*b).
Life is finite. Sometimes you have to look at your time left as having value, day by day. Every day you "loose a little".
I've used this cartoon more than once. It says it all...
- Ron
A guess from someone who has worked for a megacorp, but not in the medical field...Why is it we medical folk have such a hard time retiring but the mega corps can't wait to leave ??
Because only someone who really, really wants to be a doctor and stay one would go through so many years of schooling and wade through so much [-]bull caca[/-] nonsense in order to become one. In contrast, any retard with a BA from Clown College State University can work for megacorp.
Do it! If you spent six months retired and couldn't handle it, would you be able to jump back into work? It might be less scary if you take it from a "let's try this for six months and see what happens" approach. I mean heck, I bet you could work full time at an urgent care facility if you really needed the money.
I think it would be worse to retire just BEFORE a recession. In that case, you'd go off thinking your nest egg would be X, and then whammo...10% less immediately. Hopefully you have diversified to the point that the recent downturn didn't affect you too badly.As my FIRE timer winds down (OK, it's still a little vague but it is still ticking ), one scenario is that things will be economically similar 6-12 months from now to how they are now.
At that point, the nest egg won't be quite as fat as I might have hoped but I would have been buying-in low for a year or more. I'd have plenty of cash on hand because that was the plan right along. No debts, probably a fun but modest part-time gig a couple days a week. I can weather 10-15 years without selling stocks if need be. Health insurance is assured, albeit on my own very heavy nickel. Plan to downsize but that can wait a few years.
I know the pundits say the scenario-from-hell is to retire smack into a recession or long bear market. I understand the arithmetic, but somehow it doesn't seem so bad (unless there's a serious once-in-a-century depression).
Am I missing something?