Perils of retirement

[Doofy]

I don't miss the monthly "water sample" night. A 6 hour, 300 mile journey after midnight to get water samples to the lab on time. Usually had to work the next day also and no overtime. Fun Times!

 

[sd455dan]

I would just say, be debt free and do it. Life is to short to be an indentured servant to The Man.

Totally agree,

Years ago watching the 5 o'clock news after work, they had a story about a Japanese company worker - the guy had a stroke and when the doctors asked him what he could remember they started with

What's your name, I don;t know
What's your wife's name, I don't know
How about Your children's names, I don't know

What company do you work for, He Names the company

That IS ALL that he could remember...The Only Thing he could remember...

decided right then Not To ever be That guy...

I respected and worked to do the best job I could for my employers,
But they were not a religion to me.

 

[Doofy]

...Gotta say... ****, I loved my job! I really missed it for the first 8 years of retirement. Now, not so much. I was taken advantage of, underpaid and overworked. Marriage suffered, fell apart and so forth. Glad I survived it. Being stress-free now is the best reward.

 

[jerrybob]

Now THAT, my friend, is Living!

:thumbsup::drink:

 

[jerrybob]

Worst thing about retirement ids there are no holidays or vacation

Everyday is a holiday.......I love not knowing if it's Monday or Tuesday..........good thing my wife keeps track!

 

[jerrybob]

I just retired August 1 after forty-seven years. I turned 65 in June.
Twelve years diesel power plant operator, industrial mechanic (millwright).
Thirty-five years power line tech (lineman).
Most of my years working meant being on call 24/7, I don't miss that, or any of it for that matter.
Same wife forty-five years, she lets me do as I please.

I bought a few toys before I retired.
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Looks like you don't have anything to do in retirement........you need a hobby! Seriously.......looks great.....have fun!

 

[ultrarunner]

Kype=Steal. Nope, not on social media either. Sick of bleeding heart liberals and of everything needing to be "politically correct". In my day, a Pollock Joke was funny and did not offend anyone. Nowadays, everyone has become so thin-skinned it's ridiculous.

Our history as a nation is being torn down and our past sins are being white washed away. Racism is on the rise and we can't get along with anyone. Politicians get richer as we get poorer. It's a fine can of worms.

One of my good friends is a builder... builds very nice homes on spec... Never finished grade school but knows building and very successful... everyone calls him Irishman Tom... never an issue and he calls himself that... tell them Irishman Tom sent you.

About 15 years ago I was with him at a builder show... he saw someone he knew and called out to him... Chinaman Mike... you could have heard a pin drop... to this day... Irishman Tom doesn't have any idea why the big deal... and Chinaman Mike calls Tom Irishman...

Tom has an interesting prospective on many things... one is how can the government ever go broke... every time a dollar changes hands 3x the government gets a dollar.

Tom is in his 80's now and still dabbles in building... he said it keeps the home life in balance... his wife likes to have some time to herself as does he... mostly was buying foreclosures and rehab work... all on his own dime... as Tom was never able to borrow money and never held a contractor's license... he started as 17 year old framing carpenter and partnered with 3 others from Ireland and they saved enough to buy a lot and got supplier credit to build a spec home and made money... they it was two guys and then Tom on his own...

Learned a lot from Irishman Tom...

 

[ultrarunner]

Some of my older cohorts had 40 or more years in. When I helped them figure the difference between what they earned salaried vs retired most of them retired. Some of them had actually basically been PAYING to work.

It is like this for my Law Enforcement friends... with 30 years in and pension spiking they are working for nothing... or worse... plus lifetime medical took income out of the equation... for those that liked what they were doing there is always another job...

One of my high school friends retired from OPD at 52 with a lifetime 180k pension plus medical... he got bored and took a job with the sheriff at 130k on a different pension system...

 

[Doofy]

One of my good friends is a builder... builds very nice homes on spec... Never finished grade school but knows building and very successful... everyone calls him Irishman Tom... never an issue and he calls himself that... tell them Irishman Tom sent you.

About 15 years ago I was with him at a builder show... he saw someone he knew and called out to him... Chinaman Mike... you could have heard a pin drop... to this day... Irishman Tom doesn't have any idea why the big deal... and Chinaman Mike calls Tom Irishman...

Tom has an interesting prospective on many things... one is how can the government ever go broke... every time a dollar changes hands 3x the government gets a dollar.

Tom is in his 80's now and still dabbles in building... he said it keeps the home life in balance... his wife likes to have some time to herself as does he... mostly was buying foreclosures and rehab work... all on his own dime... as Tom was never able to borrow money and never held a contractor's license... he started as 17 year old framing carpenter and partnered with 3 others from Ireland and they saved enough to buy a lot and got supplier credit to build a spec home and made money... they it was two guys and then Tom on his own...

Learned a lot from Irishman Tom...

Great Story!

 

[ovrszd]

I'm 46 years old now. My plan is to run out to 65 because I have a good paying job and it's not stressful or hard on me.

I have a pension (locked) from Westinghouse at $804 a month.
If I stay here until 65, I'll have a pension of $4565 a month.
I'm assuming that I will get social security of a couple grand a month ($2,932 is my current estimate based on 2016 earnings), and I will have around $500,000 in my 401K at that time. The current estimate calculator on Fidelity says $6,400 a month with all showing, I'm not sure why it shows so low compared to my numbers above? They have this blurb attached to that estimate:



My current gross is just over $10K a month, but I plan to eliminate any loans (cars, house and such) prior to taking the leap.

So I expect to live decently comfortable in 19 years when I retire, or maybe I will be dead and none of it will matter?
But if I am forced to survive on about $8K a month plus whatever I set up from the 401K I should be able to keep playing into my crippled old age. At least that is the plan!

My hopes are that my plan works and I retire not rich, but comfortable.

They adjusted for projected inflation. They are probably too low. In 19 years it will take considerably more to retire on than today.

Fortunately, for most of us, as we age in retirement our "wants/needs" get smaller. So the needed revenue each year decreases. So, if we are lucky, we keep up with the inflationary shrinkage of our retirement money.

Unless you hit the Lottery, if you play, you are not going to be "rich" when you retire. Too late for that.