beowulf
Full time employment: Posting here.
- Joined
- Oct 26, 2007
- Messages
- 798
Hi everyone-
I've been following the threads on this board for several weeks and find many that have application to my current stage of life. In less than a year I turn 60 and will hopefully be able to retire - if not fully, then at least not have to work full time.
My situation is not unique by any means, but fewer and fewer people will be in it in future years. I was able to retire with a full defined benefit pension at 55 and then went to work as a consultant for a company as a full time employee. Defined benefit plans are going the way of the dinosaur and my children (all adults on their own) will likely never have one.
The problem I am encountering is the old "when to call it quits" blues. I've run the FIRE program dozens of different ways and it looks like my wife and I will be able to survive economically unless there is a total collapse of the stock market. Right now we live pretty well, but once we have to live strictly off my pension (my wife has none except for SS) and our 401Ks, we will have to exercise some real restraint.
So the decision come down to working and living a better lifestyle or getting out at 60 and doing less with less. Going PT would help, though I would then be a 1099 employee and take several hits I am not exposed to now.
That's my situation. Not a bad one to be in, but, nevertheless a hard decison to make.
Any thoughts or suggestions are appreciated.
I've been following the threads on this board for several weeks and find many that have application to my current stage of life. In less than a year I turn 60 and will hopefully be able to retire - if not fully, then at least not have to work full time.
My situation is not unique by any means, but fewer and fewer people will be in it in future years. I was able to retire with a full defined benefit pension at 55 and then went to work as a consultant for a company as a full time employee. Defined benefit plans are going the way of the dinosaur and my children (all adults on their own) will likely never have one.
The problem I am encountering is the old "when to call it quits" blues. I've run the FIRE program dozens of different ways and it looks like my wife and I will be able to survive economically unless there is a total collapse of the stock market. Right now we live pretty well, but once we have to live strictly off my pension (my wife has none except for SS) and our 401Ks, we will have to exercise some real restraint.
So the decision come down to working and living a better lifestyle or getting out at 60 and doing less with less. Going PT would help, though I would then be a 1099 employee and take several hits I am not exposed to now.
That's my situation. Not a bad one to be in, but, nevertheless a hard decison to make.
Any thoughts or suggestions are appreciated.