you people in western countries can be odd balls weird as you always make videos about things you wish you knew about anything before hand like thing i wish i knew before i went to italy as an example, imagine how boring life would be if you knew everything also the consequences of that if you know everythng before hand, why live life what is the purpose of life but to learn from it as you go along. such weird way of how to view the world.
How do people manage in retirement since 401ks are nothing to write home about? My 800k turned to 250k in no time. Im 61, will I work till God calls me?
In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $200K under a year. What's the strategy for such returns?
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Making profitable investments during this time of political change can be risky without that insight. For me, working with an adviser is the best first step to navigate these complexities and make informed choices.
The #1 reason I'm retiring early at 49 is to get out of the corporate machine. There is more to life than being stressed and depressed on a constant basis.
I retired at 52. At the time, I was just burned out and had had it with my very high stress job. We bought a 42 foot sailboat and headed to the Bahamas the day after I retired. At the time half my friends and family thought we had lost our minds, and half wished they could go with us. And, I knew that decision was going to come with a pretty heft financial penalty. But, we had a wonderful two years of cruising on the boat and living our fantasy vacation. And, then a neurological conditioner my wife that had been a chronic problem, turned into an acute one and we weren't going anywhere again. Whatever reservations I had about retiring early are gone now. It was the right thing to do. At least for us. I've gone back to work part time, now, mainly out of boredom, but I learned the lesson that you better live life while you can. No one is promised anything tomorrow.
Great comment. I’m a brain cancer survivor. Been in remission for 3 years. I can retire in 4 years (early) and some people can’t comprehend why I would. I want to live life. I’ll look for a part time job that’s not stressful as my current career just to be active.
@ebonywinn50 , I hear you. I am a testicular and prostate cancer survivor, too. Something else that factored into the decision to retire early. Life is precious. Don't waste it.
I’m getting rid of friends I don’t want to spend my retirement around. They’re drama queens who waste money then moan about how hard life is for them and how lucky I am.
The absense of my job removed a major source of daily interaction and purpose and the transition from saving to spending has been eye opening, revealing how each withdrawal now impacts my savings growth. This has made me acutely aware of the importance early financial planning and the emotional toll of losing that daily sense of purpose as most of my friends and family continue with their routines.
I'm approaching retirement and having a financial advisor has been helpful. I started investing later than most, so relying on compound interest from index funds or bonds wasn’t enough for me. Despite that, I’ve managed to do well and am on track to retire with around $6 million
I'm currently reassessing. My retirement portfolio has slowly declined, I could really use some guidance. How can I get in touch with your financial advisor?
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I retired at 50 a little over a year ago. I’m a single dad and my son will finish high school next year. I love being able to provide for him making sure he eats well and get to spend more time with him before he’s off to college. I always have things to do. Maintenance on the house or vehicles. Run errands, chores and cook. I’m never bored.
@ihihiabdelkrim6198 I'm surprised you know her too!!! The quickest way to make your first millions is to invest directly with an expert that is trustworthy and has made a name and individual billionaires..
FORCED TO RETIRE DENTIST. Made it to 63. So busy I forgot to tend to my own health care. Working so hard to save money for retirement, so stressed so preoccupied with my professional carree .,always worring about my patients. I became a dentist who could not see the forrest for the trees. Un aware that diabetes was destroying my eyesight . The back of your eyes swell = macular edema, the front of your eyes gets covered over by cataracts . All happens slowly over time with out even noticing the changes until... Oh gee I can't see well, I must need new glasses I'm older my eyes must have changed as they have done since childhood The eye doctor said, "No, you can't get new glasses because you must first go to a specialist to fix the diabetic problems , Now my retirement became going to all my different doctors just to stay alive. Happy ending to the story , I'm now 72 and enjoying life fishing with stable health and 20/20 vision.
I’m in my 40’s and retired in 2021. I have a small and fun social circle. I’m learning to play the harp, volunteering at a youth detention and travel every other month. I am ENJOYING being retired. Out of habit I still get up by 6am. I’m not bored at all. 🤷🏽♀️
I just turned 26 and I want to retired like you in my 40s. Currently have about 120k in assets like checking account & stocks. How much do I need to fully retired at 40s?
@@DailyThingsInLife Congratulations! You're off to an incredible start. Watch this video about how much you need: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-vhN6lmBMQXQ.htmlsi=vkjD0ViJU9hdQ-50
The key to being thrilled in retirement is having been miserable at work for 40 years. Retirement hold’s little appeal if you love your life, enjoy your work already.
BAM! I'm not retiring yet even though I can get by. If I hated my job, I would leave today. Probably a good 30% of the people who retired, shouldn't have when they did. In fact, 37% say they should have waited. It's easy to hate your job when the bills are being paid. But when your Air Conditioner needs to be replaced, $15K can really set you back. A trip to Europe for 2? $12K if you're just doing average stuff.
I can not wait to retire. The money will be difficult because of an expensive divorce and loss of my 401k and home but I’m trying to build it all back. I’m 52 and hope to retire in 10 years. Thanks for your stories.
I just got a divorce in January and had to buy her out of our home since I kept the house. She kept her retirement accounts and I kept mine. My separated savings took a big hit in order to write her a substantial check. But the damage was minimum overall, so I'm still on track to retire between 62 - 64.
I’ve been practicing my upcoming retirement @55 by taking 4 of my 6 weeks off all together and I’m darn good at it. You can’t replace time with others. It can’t be bought.
Great idea. How long til you retire? I talked about that in this video. You may like it: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-N9jNKSHe59g.html
I did the same thing many years ago at a job that offered a 2 month sabbatical every seven years. The first couple of weeks were a little weird getting used to a new sleep schedule (I worked nights) but after that, I found a groove, a daily routine that, like you said, "I got darn good at"! Going back to work was rough. When I retire I plan to NOT go back to work. I'll be "working" for me, my wife and keeping our home and vehicles in top shape. Work never truly ends, it just takes different shapes.
I am not missing being dismissed by my coworkers for my age and gender. Not one bit. My creativity has returned and I'm learning things now I had no time for before. I do not miss asting hours in communting. I do not miss being expected to work extra hours for free. I have never solely identified with my work, so these items you speak on don't apply for me. My work was not how I felt fulfilled. I now have the time to do those things and I'm grateful for that.
I'm at retirement age and still want to work in my field, but younger (really young) coworkers and constant technology are sources of horrible stress. Young people love to be on text and PC and shun actual interaction, humor and relationship building. Except with each other. I think that working independently is the way to go. I, too, have other things I'm interested in, although part of my work is with people.
I retired early about a year ago. I miss the friendships and seeing people at the office. I love early retirement and have no plans to return to work again.
I retired at 47, and in a jiffy, I am 75 now. I remember initially after 3 months of retirement, like the man says, I did miss my secretary, my office, and my “power”. Without my secretary, I have to type my letters and find stamps for the envelopes ! That’s kind of irritating 😅 However, when I started developing new hobbies like golfing and dancing, time really flies…….
I think those who leave a leadership position have the hardest time in retirement. Going from a big fish in a little pond to a little fish is hard. They are no longer seen as the one to take orders from and they don’t get the respect they had when working behind the desk.
I agree! I retired at 51 and have thoroughly enjoyed not working and no desire to ever work again. My job didn’t define me, it was a job that paid me good money and would have kicked me to the curb in a second if their fortunes changed. I turned me into my retirement project - lost weight, got fit, cook my own food 👍
When I retired, started walking the next day to undo 30+ years sitting behind a desk, didn't know that I would enjoy walking so much, most retirement dreams involved heavy expenditures for sailboat, upkeep, accessories to live off grid, but then my father had a stroke and I had to change plans to stick around and help parents. Plan B is hiking Appalachian Trail every spring, train all year long walking, invested in a 70L backpack, hammock and gear, turns out I have a low budget retirement I enjoy, could have retired earlier if I knew.
That's a great lesson. Figure out what lifestyle you want and how much it will cost in retirement and then shoot for that. Most people don't need nearly as much as they think.
Thanks for sharing these words of wisdom. Experience is the best teacher. As someone who is looking forward to retirement, I remind myself not to wish my life away. It's not all about the destination but rather enjoying the journey.
Move to The Villages Florida and guaranteed you won’t be bored! There are like 225 clubs, counties recreational opportunities all for reasonable cost of living. Never get bored here!
The wife and I are both 62. She is not going to retire until she is 65 (she works from home), but i Semi-retired at 60. I had several businesses and taught Golf and Tennis for over 16 years, 6 days per week, so I find retirement extremely boring. Before that, I worked in Corporate America for 15 years. I have friends who actually sold everything and moved to other countries and love it. I am just buying time but did start a Non-profit to help others in the meantime. Good luck to all!
I just retired at 62.5 after a 37 year career. My background includes being trained as a therapist and I have always known that ultimately happiness revolves around finding meaning in life- people and pets to love; enjoyable activities; projects to challenge us; dwelling on how blessed we are if we are blessed to share it with people we love; being conscious of our legacy and consciously building it; enjoying our time to relax, but working hard on all that we are into and enjoying our accomplishments, etc. Enjoyed your video and good thoughts!
The why wait for retirement is my favorite part of planning for retirement. I am motivated to work towards things I enjoy now that I can do in retirement (side hustle).
I worked shift work for 28yrs, it was rotating 12 hr shifts, socialising was very difficult as we had 3 children, I needed sleep and so socialising was a very low priority. Management tried different tactics to increase productivity, but I didn’t notice them working any harder. When I finally retired I didn’t miss work at all, I didn’t miss other workers, I’m just focused on family and still do, I’m 68 and enjoy doing nothing basically as I feel worn out. <a href="#" class="seekto" data-time="498">8:18</a> 😊
U mentioned my exact Plan! I retired July 4th at age 61 to begin my monthly Pension. I plan to return to work Late Fall Part-time. I will continue to recieve Pension and Healthcare resumes once I return to work? I may continue to work [r Retire again in late Spring? Maybe even go back to work or work PRN again later? We make about $200 p day.
I worked 3rd shift, felt tired all the time? I retired but plan to go back to work in late Fall Part-time? Maybe I won't be tired all the time if I only work a few,days a week? And I will recieve Full Healthcare so that will p Spare me alot of expense?
If you really love what you do and have no problem with your life then stay doing what you do. Retirement Its all about freedom to do what ever makes you happy. If you really like your job then keep working. Me im retiring in 8 months. I could retire now but my brother who is my business partner and the one who is going to keep working is going to have knee surgery in two months and i will keep working until he comes back. When he comes im gone
Your channel is timely for my age, turning 65 next year. At the age of 60 I stopped working full time job. I’m still working 3 hours every day and do many things on my fee time . . . Life is beautiful 👍
Good information. Our retirement plans have been upended since our daughter has aggressive breast cancer and my 85yo mom is now living with us. We couldn’t have known how these issues would impact our future.
Biggest problem I’ve seen is people retiring and don’t have any hobbies or interests to pass the time. That leads to problems with depression and down a bad path.
I spent most of my 20's being unemployed (my country has decent welfare system, which anyone can use), but even though I had all that time I didn't really know what to do with it. I jogged and lifted weights here and there, maybe played some video games, but as more time passed I just didn't do anything anymore, just laid on couch waiting to die basically. I work now and everything feels so much better, like free time, that friday wine and ordering Indian food just feels so good
@@Morningdwnld I just didn't feel like I had any purpose. Obviously I couldn't afford to live in some nice house so I didn't have garden to work on or anything like that neither. I even felt jealous of janitors, I wanted to call myself something, I feel like your occupation gives you identity and purpose as a man. I'm an IT-guy now, I repair and sell computers at this small local business
@@Morningdwnld I feel like doing something you feel satisfied is much more important than money, I don't want to for example make some TikTok prank videos even though it could make a lot of money, because it's just not me
I am retiring next month at 54. We've got some travel lined up over the next few months so that will be my honeymoon phase. I can't see the future but I know that I can adjust to the changes along the way.
Having enough money goes a long way toward not being bored. Fixing up the house, carpentry, restoring a classic car or truck, traveling to see different places, boating, golfing, etc. Not enough money is usually the reason you are stuck at home watching tv, reading books, yard work, and thinking about going back to work again.
The moment you leave a corporate workplace you're forgotten. You're just another drone, a number, that's all. Fully expendable and replaceable. For instance when I retire I know that a few days after I'm gone the question will arise...."sorry, Bob who?!
Don't have problem #1. Have only 2 "friends" from work that we already do things with outside of work on a regular basis and that won't change. Work was never my identity. I enjoy my job but do not need it to fill my day. We love travel and have always taken our vacations to travel the world. We are the same in that we go off the beaten path. Stopped in a little pub on some outskirts of town in Scotland and they had live music. Once they heard us order, we had a hard time buying another drink, we did make sure we bought the last round as we were leaving since there is some tradition to "going round the table" Made some new friends that night. Also on a trip to Australia and New Zealand we ended up always running into the same couples at some of the local events and pubs. We now have a standing invitation to stay with them when we go there again and they with us if they ever get to the states. Send emails every now and then to keep in touch. It's a blast. So we are going to retire early to spend 3 to 4 months away from home. In between that we have aging parents we want to be with as they enter the no-go years. Have all our ducks in a row ( or at least in the same pond- lol ) with wills, trusts, estate planning. So we are ready to ride off into the sunset.
I want to travel to Scotland so I can experience a whiskey tour since I love whiskey. I’ll be satisfied if I ever get to travel to Scotland and Budapest.
My best friend retired with 40m (yeah, million). He’s obese with smokin hot mail-order bride and bored so, he got busy making more money. He’s my example of what not to do. Enjoy your work, stay healthy, and never retire💪🏽
We retired aged 60 that was 6 years ago since then we’ve learnt to play Saxophone he plays Tenor andI play Alto and Bari. We joined a band of 29 Sax players-it’s just one of our new hobbies….
It honestly depends on what work you were doing before retirement. If it was stressful and exhausting and took over most of your thinking time, in work and outside, it’s a no brainier when you can afford to give it up. Staying at work longer than you need to, doesn’t guarantee an extension of your retirement in good health. You reach a balance where you will want a retired existence even if that means a much lower income fir a simpler life. Those who try to amass large wealth to live a long rockstar lifestyle in retirement are deluding themselves.
1. Miss the social life from work 2. Financial situation may change 3. Retirement is a process • Honeymoon phase • Disenchantment phase • Reorientation phase • Retirement routine phase 4. Retirement can be rewarding but also challenging 5. Retirement isn't just about you
I retired in January, at 56, in the honeymoon period at the moment, keeping active and the days are so busy lol. Looking at hobbies (RU-vid) to bring in a little extra. Agree it is not retirement, it is financial independence. Great video and thanks.
I thought about retirement for 5 years before retiring. I met with the financial planner many times and prepared a budget showing before and after retirement. I had to downsize and readjust my spending since my retirement income was not as much as working income. I sold my house, moved into a condo and became completely debt free. It's good to have retirement goals and mine were travelling a lot more and learning new things. I retired at 57 in 2019 and I've gone through several phases since retirement. I learned that I like to stay busy and not just sit around and watch movies and read books. I'm now working several part time jobs in a completely different career field and I love it. I've never been happier. You learn alot about yourself in retirement and if you can afford to do it early then don't hesitate.
Retired at 56 years after many years as an account manager. I worked all the time to hit my sales targets and bonuses. I was an overachiever business (buthead) all of the sales team members on the same treadmill I'm just not that guy anymore. I will never go back to the rat race. I'm golfing 2 or 3 days a week, walking my dog two long walks a day, shopping for the groceries and cooking nice meals. My wife has lots of holiday time in the bank (she is still working for now) we had 3 nice holidays last year and are planning more. I guess because I worked from my car and home office and only went in for meetings I did not have the attachment to staff friendships like some do? But I'm never going back as I say and hope I stay healthy for the next 20 years of freedom! My father worked till 65 and cancer made his retirement short, so I understand you can't buy more time.
I retired at 46 and have no regrets. I played (sailed and cycled) for several years and then discovered trading the stock market. It’s a great challenge and source of income.
Everyone that I have known that has retired early has regretted it. I'm going to learn from their mistakes and work until I am 67. I'm using that as my target age, so I may work less or more depending on health and finances. I think the most important thing is finding a career that you enjoy. I enjoy what I do and can see myself still doing it into my 60s and even beyond if necessary. I have a client who could have retired long ago (from a financial perspective), however, he's in his 70s doesn't want to stop working.
A customer of mine said he retired and plopped in front of a tee vee and about lost his mind, was mired in depression. Went back to working, happy as a clam.
I'm just thinking out loud here, but I wonder if people who need to be directed are the ones who go "crazy" with too much free time and literally do not know what to do with it? 🤔
This has given me a lot to think about. I’m 58 and have just started thinking about when I should retire. So far my focus has primarily been on the financial side of things, but your video has me thinking more about other considerations. Though I’m single with no dependents I’ve still never been bored, and I generally prefer solitude, but do wonder whether that would change in retirement.
I'm happy it gave you some things to think about. If you're not sure you'll like retirement, watch this video about retirement alternatives: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-N9jNKSHe59g.htmlsi=9y9On2NKUtRH9ap9
I know two groups of retirees; those who really do nothing, and the those who keep busy. I noticed the first group ages quickly, and the second continue to thrive. In fact, members of that second group find themselves busier than ever - usually on endeavors they find rewarding.
Couldn't agree more. I'm within a couple years of retirement and am looking forward to it. But, only because I have some pretty specific plans and goals in mind. I would never retire from work without a concrete plan. Cheers! J
A CPA, I got tired of corporate BS and the profession that I never liked so retired at 48 and went abroad and never looked back!! It has been 12 years now, I have spent 50% of my savings and still 3 years from ss but I have no regrets. It is all about freedom!!
I tried to retire at 39. I realize there was no one else to share that with except older people at the bar 😅. My friends were all still working. I went back to part time work and love it along with having free time for gardening and traveling when I want
I retired last year at 53 luckily as i was self employed i picked the times i worked. Therefore i haven't struggled to much as i went to the gym in the mornings and have a good social group i go walking or biking afternoons. You need structure definitely otherwise you may slip into bad habits. Its difficult in the winter, plus plans can change definitely financially dividends can stop mortgage rates increase. So be careful thinking its all planned out it can soon change
Gardening IS a great hobby. I do not grow vegetables; just flowers and similar plants. Once you get things planted, there is very little work to do. I concentrated last year on attracting hummingbirds…and they came!
Im happy for you. It’s good to get out of a toxic work environment. My dad some catering job at some airlines and left that toxic work environment. There are some coworkers who come off as being angry every time they talk.
I am 45 and seriously considering quitting from my job because it takes majority of my time. I really want to explore the world and don't want to sit at home at 60 with a large amount of money
"Don't Wait For Retirement" - 57 Working full time but my wife and I are taking more smaller trips and she is going on a two week trip to Japan with my Aunt, Niece and our youngest daughter. We are determined to have fun, continue to save and stay mentally and physically active. Over the years, a great many of my customers retire and then come back a year later out of boredom.
I'm looking forward to regaining my identity... I feel like the corporate world beats the identity out of you over time. I'm working toward my retirement project so that I'm not going cold turkey, will just work part time for myself for a bit.
The transition to remote work and my role in a regional capacity, has lessened social interaction so I think i’d be good when i retire in 3 months, at 51 😊. The only concern now is the financial market situation and bleak economic outlook. Thanks for your content !
Age 51 sounds too early to me. Do you like your job? Health insurance: How will you cover it? Normally at age 55-65 we are at the top of our income game, too. Suggestion: Lay out a detailed pro/con matrix (weigh each category and re-score each two months). Retiring very early: In many ways, is like the Covid shut-down days. Others are shut-in (due to having to work).
@@CheckThisOut77 Thanks for the sanity check. I think am in between the FIRE age and normal retirement. My portfolio is at US$ standards , while my spend level is based on my region (Asia). Two kids have graduated from uni and have no mortgage now. So i think I can manage. 😀 Thank you !
@@CheckThisOut77 So as you said, giving up my stable income & perks (at the peak now) vs choosing flexibility, slower living, less stress, I think i’ll have to try. I can do active investing and real property flips on the side. We’ve done it during the pandemic.
@e: Good job. Having a side hustle (or whatever kids call it these days :P can give you peace of mind for income, keep you busy, and keep you learning!
I'm excited to be here in your channel and I'm interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated!
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I don’t understand thing the thing he says about missing the e social life. I’m pretty sure he can still hang out with former coworkers on the weekend or when on the weekdays if they are on vacation.
I didn’t count but you mentioned “doing nothing” in retirement several times. The retired people I know who do nothing seem to have put all their eggs in the work basket. They have no hobbies, no personal friends outside work, no personal goals they wish to achieve outside a work environment. I personally couldn’t wait to retire and finally be able to do my own thing on my own schedule without worrying about making enough money to pay the bills. And my husband is the same.
Retired at 67 and financially stable so enjoy my life especially because I keep fit but having a much younger partner I miss the freedom to spend it together.
You're the only person to mention the existence of a honeymoon phase. Thanks! I can retire but I work for a think tank. We are having an open house and expect 18K visitors. I think I will work a while longer. And now I work from home. Work also gets real easy after it becomes optional.
Thank you for that. I wonder if only people who have been through it really think about the honeymoon phase. Congratulations on being able to retire and for sure works gets better when you don't have to be there.
I was always worried about being bored if retire. But the pandemic taught me that there will always be meaningful things coming in when there is more time. But now I’m back to work and have the same concerns again. Human …
I was never one of those people who could figure out the "live to work" thing! The day I could retire I did! Never looked back! Never, for one minute, missed the people (mostly really cool people), the work, or dragging my a$$ out of bed at o'dark thirty to commute an hour in all sorts of weather!! Work never defined me. I enjoyed my job, but could always, easily, think of a hundred things I'd rather be doing, and now I'm doing them!
One of the biggest mistakes is actually retiring. Men are supposed to work ALL the days of their lives by the sweat of their brow 6 days a week. Hard work is good for man. There is no retirement it's ALL the days. Retirement is just a modern invention that has turned men and society weak. Weak men make for hard times. Get back to work is perfect advice.
While I’m still working I love volunteering in church . You can volunteer in whatever group u love working with- it can take care of ur social concerns
You are right. It's easy to retire whenever one wants if there is no commitment. But if there are children and parents to consider, then one cannot make decision to simply retire, especially when parents are old and require medical care.
This is a great vid with wonderful advice. I am 57 and I have been working from home for 8 years and i love it. What i learned from the pandemic is how to save and how precious life truly is! I am lookkng to retire, but the only thing that gives me pause is money and health insurance. I do not have any serious health issues, however I like being prepared. Of course as you age it is very important. Also having money to me means security and being able to do what i want. My hubby has been retired and he keeps telling me that I need a plan!! We are debt free so I want to go for it at the end of this year. Just need to plan how I will fill me days!
Have been retired for 5 years currently in my 60's absolutely Happy/bored all depends on the day in saying that 3 close friends in their mid 60's in the last couple of years didn't get the opportunity to retire due to health issues. My advice enjoy Life to the fullest whether working or retired.
Thank you for posting a really thoughtful and interesting video. Many of the issues you raise apply to retirees all over the world and resonates with my own recent retirement experience. Apparently the human body has evolved to give us a maximum of 50 years of good, healthy life, and after that you're on your own! Best wish from Scotland!
I'm 55 and I have two sons in college, my wife is my same age. We are at our FI number this year, but I plan to keep working full time as a critical care nurse another 5 years then I will reevaluate.
I have 3- more years left prior to my full retirement nevertheless thinking working part time after 3-months of full retirement just keep myself busy and my off day going Fly Fishing and spend more time with my dog
The work “retirement” is old fashioned from a time when people worked a stable 9-5 until age 65. Those days are gone forever. I worked the rat race for 30 years and quit corporate life aged 47, this was 5 years ago. My wife and I set up a company which we can do online from anywhere for approx 10-20 hours a week and I spend around 5-10 hours managing my investments. We stay active and travel a lot but we still make more than we spend. It’s just on our terms. This is the modern version of retirement I think. We split our time between the countries and pay minimal tax legally. This makes a massive difference and is something worth considering.
I retired on May 3rd, when I turned 62. Everyone I worked with assured me that I would be back. I sensed jealousy and dread as they thought about this day. What will you do? How can you not work? These people can't see a day such as this. I feel bad for them (most of them). The key is to have a plan and have a backup plan as well as this guy mentioned. It is daunting. You wake up and NO WORK, something you have done for 50 years or so(for me). I do plan to work part time 2-3 days a week doing something different, taking my sweet time searching. I still get texts asking when i'm coming back.....I just laugh and laugh !!
Great observation that retirement is a process since it’s a new phase of life we’ve never been in before so there is a reorientation period. I retired 2.5 years ago and looking back I can see my reorientation process.
I have always said that retirement should be flexibility, because of what you just shared. When you step into the retirement/flex, you should have your house paid for and all fixed up with no major renos needed. and/or a nest egg established, so that investments can help with rent. We don't know what curve ball will be thrown at us. So we do need to enjoy life while we can and not necessarily wait to retirement. I think people find they are burning out when they get into their mid 50's and need to step back. Maybe finding a situation where you can work and take enough time to regenerate and enjoy life might help. Life is much more expensive now and we are living longer, so we might have to work part time.
50 here. My whole life, I've given my work life and my social life the same high priority. Since the age of 28, I've been part of a sushi club, greek food night, kayaker (on 3 continents), rock climber, martial arts, and part of a salsa dancing club that throws random costume parties about every 7 weeks (wear pink and purple party). Within my various social circles, i throw my friends a birthday party every year...whatever their passions are: Rodney likes cigars? Rent a cigar bar for the evening. Vanessa like music? Rent a piano bar? Brian like rock climbing, we all go climbing, then dinner. Monty like arts? Take the group of sushi, then hit an art gallery together. As a result, I've NEVER been at a shortage for girlfriends or friends or things to do. My biggest problem is I dont like saying no....yet I get invited out all the time to things. NONE of my social circle are work friends. My job? I'm a private tutor who works for himself. I only seriously work 9 months a year (school calendar), though I try to fit in clients over the summer to pay expenses. I've been taking several short and long vacations a year for the past few decades. Working for myself, I can make a quick announcement and take time off. One year, I notified my clients in advance and spent 3 weeks in Japan with my best friend in the middle of the fiscal year. It cost a little income, but i've never regretted it. Most of my "co-workers" are RETIRED people who got back into tutoring to make some extra money or because they got bored. My job itself, is for RETIRED people. But i got in early. I'll have enough to retire in 4 years and 8 months, but I was ruminating over this yesterday during a 2 week cross-country road trip....and...i love my job! it's easy. my students keep me young. I feel like ive been retired for years already. I may just keep working until I dont want to anymore. Or just cut back on clients until i have 1 or 2. I dont know. What i DO love is that i got FU money about 4 years ago. THAT is a great feeling. One of the BEST feelings, really....to never feel trapped because of money. I used to be trapped. But not anymore. I guess my contribution to this comment section is that retiring may not be a goal if your life is lived enjoyably enough that it doesnt feel like work.
I just turned 40 this year and funny thing is that I want to retire and play video games on my free time from my video game collection and raise my kids and spend more time with them. Unfortunately, early retirement for me would be 55-60 years old so I don't think about it as much and try to live the now and enjoy the now because I know my kids will grow up fast and time will go by fast.
Missing people around???? That is a blessing... I dont give a cent for social life. Love my dogs, and hate talking to people. I dont even know my neighbors name. Waving and saying hi is the longest act of social life I have with people.
At my workplace I've never so many people in their 70's and 80's coming back to work. Mostly healthcare costs is primary reasons. If you can afford and budget to retire early by all means do it. I'm 58 but I see myself working several more years yet due to not saving and getting into the 401K late in life. I've been able to do anything I wanted while still working. I don't see myself slowing down At 66/67. Life for me will be as fun as I can make it while working full time. I don't want to budget my money at this point. Life is too fun than just sit at home. This is for all you people out there that didn't or couldn't save while busting your hump for low pay for many years. Good luck to every one out there and enjoy life!
I retired two years ago and rented out my house for big dollars, and I have been travelling the world since. I guess I’m still in the honeymoon stage, lol… lovin’ it.
I was officially left professional job at 38. Doing small plantation which matching my current salary and expanding bit by bit. And also to spend 💯 time with my beautiful kids including mostly with my 2 autistic kids.
There is a lot of anxiety linked to the question of how to live when retired, it is just another type of resisting change and venturing things. Still struggling and waiting for an inspiration :-) thanks for your thoughts
