RSKY
Veteran Member
- Joined
- Oct 5, 2003
- Messages
- 2,444
- Tractor
- Kioti CK20S
Made my mind up tonight.
I'm gonna retire before summer gets here. Probably in the next sixty days.
I have worked at the same job in two different plants for two different companies for more than thirty years. Production supervisor in a union setting with high rates and a lot of conflicts. Pay has been good but the stress will kill you. At my last plant I trained twenty two in my job and only four lasted more than two years. I am finished with it.
Now that I've made the decision I must try to figure out my finances. How much of which account to tap into.
What percentage of your working income do you retired fellows need to make it? By making it I mean to not lower your living standards by much.
Wife and I have worked, gone to school, raised kids, worked night shifts and generally not taken the time or spent the money to enjoy the things some of our contemporaries have. But we paid off all our debts and put money back for retirement even in the bad times. Now we can relax while others in our age group look to work until 65 or more. I will be 57 in a few weeks.
Also helps that we married at 20/19 and are still together 36 years later. Divorce seems to ruin retirement plans.
Our daughters are grown, educated, and have good jobs. Our sons-in-law are hard workers, respectful of us and their other in-laws. They both have good jobs and look to advance. We will not have to carry them, maybe just a little help now and then.
I'm hoping to work at an easy $10/hour job maybe twenty hours a week until I turn 60. I don't think I will have to do this to make ends meet. But I have read several articles about people working in high stress jobs retiring then not living for more than two or three years. The article that stands out in my mind advocated getting a low stress easy job and working it for a few years before final retirement.
I think I am tired and rambling.
Any thoughts on this.
Goodnight
RSKY
Thank the Lord for 401K's !!
I'm gonna retire before summer gets here. Probably in the next sixty days.
I have worked at the same job in two different plants for two different companies for more than thirty years. Production supervisor in a union setting with high rates and a lot of conflicts. Pay has been good but the stress will kill you. At my last plant I trained twenty two in my job and only four lasted more than two years. I am finished with it.
Now that I've made the decision I must try to figure out my finances. How much of which account to tap into.
What percentage of your working income do you retired fellows need to make it? By making it I mean to not lower your living standards by much.
Wife and I have worked, gone to school, raised kids, worked night shifts and generally not taken the time or spent the money to enjoy the things some of our contemporaries have. But we paid off all our debts and put money back for retirement even in the bad times. Now we can relax while others in our age group look to work until 65 or more. I will be 57 in a few weeks.
Also helps that we married at 20/19 and are still together 36 years later. Divorce seems to ruin retirement plans.
Our daughters are grown, educated, and have good jobs. Our sons-in-law are hard workers, respectful of us and their other in-laws. They both have good jobs and look to advance. We will not have to carry them, maybe just a little help now and then.
I'm hoping to work at an easy $10/hour job maybe twenty hours a week until I turn 60. I don't think I will have to do this to make ends meet. But I have read several articles about people working in high stress jobs retiring then not living for more than two or three years. The article that stands out in my mind advocated getting a low stress easy job and working it for a few years before final retirement.
I think I am tired and rambling.
Any thoughts on this.
Goodnight
RSKY
Thank the Lord for 401K's !!