The Retirement Thread

I agree, pull the trigger. I mean, why wait if you are already financially in good shape. Get it and invest it on your own or enjoy it. It seems like RedWolf is already enjoying life comfortably. Get the money so it is already in your name, not the governments
One of the saddest stories I read was that of Wendy Rieger, the tv news person. She took the same approach and retired early, worked hard to convince her friends who are all reluctant because it's scary. She poured herself into the charity work she supported and then died of brain cancer months later.
 
I'm not sure I would consider someone who ends their primary career, only to go find some other job, as 'retired'. Of course whatever folks want or need to do is cool - but that's not 'retirement' which by definition involves the cessation of 'employment' or 'work'.

Put me in the 'I wish I'd done it sooner' category.
To me retirement means you no longer have to work. There is a huge difference between full time work and part time retirement gigs to stay active and bring in a little extra cash for vacation upgrades, which is where I am.
 
To me retirement means you no longer have to work. There is a huge difference between full time work and part time retirement gigs to stay active and bring in a little extra cash for vacation upgrades, which is where I am.

I agree there is a huge difference - but folks who choose to pursue a part-time job are literally not retired - they are working. Working is the opposite of retirement, lol. The past 3 years before I retired, I knew I probably could. Had someone really pissed me off at work, I probably would have. I reduced my hours. But I was not retired. I would categorize folks who quit their primary career and take on part-time work as 'moving towards retirement'.

It's not really an important point. I think it's interesting that many seem to 'retire' but still feel some desire to work (for whatever reason) because that is so far from my own personal mindset. I am done. I will never 'work' again. I admit that it is hard for me to relate to folks who want to continue to work in some capacity but again, whatever works for each of us is cool, we are all different people with unique situations.
 
Earning ‘real’ money (>24,480) while simultaneously drawing Social Security before full retirement age (probably 67) will result in the government clawing back $1 for every $2 earned above that amount.
 
I agree there is a huge difference - but folks who choose to pursue a part-time job are literally not retired - they are working. Working is the opposite of retirement, lol. The past 3 years before I retired, I knew I probably could. Had someone really pissed me off at work, I probably would have. I reduced my hours. But I was not retired. I would categorize folks who quit their primary career and take on part-time work as 'moving towards retirement'.

It's not really an important point. I think it's interesting that many seem to 'retire' but still feel some desire to work (for whatever reason) because that is so far from my own personal mindset. I am done. I will never 'work' again. I admit that it is hard for me to relate to folks who want to continue to work in some capacity but again, whatever works for each of us is cool, we are all different people with unique situations.
I see your point and it looks like you see mine as well. I had no intentions of sitting around. I don't have a sailboat or the desire to play golf every day so I wanted something to do, to have a purpose. So I clean golf carts 2X/week and don't really consider that working, I was off all winter and became antsy. But I can see why you do. Working is working, I get that, but to me it's totally different.
 
I totally get that brother. We should all do what feels right. I think there are a lot of folks who choose to continue working (to some degree) or find volunteer opportunities. There is no right or wrong.
 
Earning ‘real’ money (>24,480) while simultaneously drawing Social Security before full retirement age (probably 67) will result in the government clawing back $1 for every $2 earned above that that amount.
Yeah it makes no sense to file for SS when you are still working. This is the biggest one, of course the benefit increases as you delay so if you still have a regular income why draw SS?
 
Some people retire with lots of hobbies to keep them occupied and happy. Other may volunteer for things or take on a part time job, which I love hearing about if they love what they are doing. A good example, Mrs. DWinzit loves plants and flowers. One day a week she works at a flower shop making bouquets and loves it. The money is not the draw, it's being around people and flowers
 
Retiring early meant I have a budget. It's a forgiving budget but I have a budget none the less. One thing I'm glad I did was create a budget where I put $75/week away (I pay myself weekly). This is money dedicated to home and auto repair. This eliminates the stress when something comes up, I simply tell myself this is what the money is for and it will be replaced in a month or 2 and that's always a good feeling.
 
Some people retire with lots of hobbies to keep them occupied and happy. Other may volunteer for things or take on a part time job, which I love hearing about if they love what they are doing. A good example, Mrs. DWinzit loves plants and flowers. One day a week she works at a flower shop making bouquets and loves it. The money is not the draw, it's being around people and flowers
This is why I enjoy working at the golf course. Uber gave me contact with people but it's nice to have co-workers who you know and it's a great work environment.
 
To retire when you can, is one good mindset.
Then there's another category of people who delay retirement, due to the type of lifestyle they plan to live later.

They may be planning to travel global, or fine-dine frequently, or have expensive adult toys, etc.
Or any lifestyle that would demand a later retirement.
I am not in that category. And I'm not sayin that one is right or wrong. It's just who they are.
 
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I only have my own experience to rely on but…I retired at 62 and do/have all of that. Working 3 more years wouldn’t have affected that at all really. Plus by giving up those 3 years I would have given up 3 valuable years of ideal health with which to fully enjoy the freedom that retirement allows.

Retirement is widely considered to have 3 phases; the go-go years, the slow-go years, and the no-go years. I value the first category much, much higher than the last one. My Dad lived until 98. He didn’t want that. I certainly don’t want that.
 
I'm not sure I would consider someone who ends their primary career, only to go find some other job, as 'retired'. Of course whatever folks want or need to do is cool - but that's not 'retirement' which by definition involves the cessation of 'employment' or 'work'.

Put me in the 'I wish I'd done it sooner' category.
Or worse yet, (and no offense meant to anyone who does so), spending my retirement babysitting the grandkids. I've never understood people who spend what time they have left watching their grandkids so the parents don't have to pay daycare. We didn't pawn 'em off on the grandparents...we worked different shifts when we could and paid for daycare when we couldn't. Rant over. I can't wait!!
 
To retire when you can, is one good mindset.
Then there's another category of people who delay retirement, due to the type of lifestyle they plan to live later.

They may be planning to travel global, or fine-dine frequently, or have expensive adult toys, etc.
Or any lifestyle that would demand a later retirement.
I am not in that category. And I'm not sayin that one is right or wrong. It's just who they are.
Good point!
 
Early retirement is great!

I highly recommend it to everyone!

Like I said earlier, I was forced to retire because of medical, but now that is all over with and I'm definitely not going back to working, at all, ever.
 
I see your point and it looks like you see mine as well. I had no intentions of sitting around. I don't have a sailboat or the desire to play golf every day so I wanted something to do, to have a purpose. So I clean golf carts 2X/week and don't really consider that working, I was off all winter and became antsy. But I can see why you do. Working is working, I get that, but to me it's totally different.
Where are you cleaning golf carts at? Any discounts there for your buds? ;)
 
Or worse yet, (and no offense meant to anyone who does so), spending my retirement babysitting the grandkids. I've never understood people who spend what time they have left watching their grandkids so the parents don't have to pay daycare. We didn't pawn 'em off on the grandparents...we worked different shifts when we could and paid for daycare when we couldn't. Rant over. I can't wait!!
We are an hour away from the grandkids just so we won't become the babysitter. We also did the different shift thing to eliminate child care early on with ours.
 
Where are you cleaning golf carts at? Any discounts there for your buds? ;)
Laytonsville Golf Course, Montgomery County. And yeah, uh, no. I couldn't get my brother in law a discount for night golf, he always wanted to try it. Have you ever tried it?
 
Laytonsville Golf Course, Montgomery County. And yeah, uh, no. I couldn't get my brother in law a discount for night golf, he always wanted to try it. Have you ever tried it?
Never played Laytonsville. In that area though, I've played Falls Road, Woodmont, and TPC Potomac courses. Nice area but a little too far to drive for golf. I used to work in Rockville, so those courses were easier to get to then.
 
Never played Laytonsville. In that area though, I've played Falls Road, Woodmont, and TPC Potomac courses. Nice area but a little too far to drive for golf. I used to work in Rockville, so those courses were easier to get to then.
I drove past Laytonsville for 17 years, it was my commute, and played it once. Back then it was a dog track. Like Falls Rd they put a lot of money into the course and it's far nicer, but it's still a basic muni. What I love about it is the high number of women golfers, because it's flat and fairly easy it's a great place for them to play. Like 20%-30% of our players are woman, never seen anything like that anywhere and they are just so nice. Fluff Cowan's mother in law is a regular, I give her a hug when I see her for the first time after the winter break. He was out giving her lessons the other day. They are both in their mid-70's I would say. He married young, rich guys tend to do that.
 

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