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Re: retirement [Re: pittsburghracer] #3083367
10/04/22 06:45 PM
10/04/22 06:45 PM
Joined: May 2005
Posts: 4,236
Florida
BDW Offline
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BDW  Offline
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Joined: May 2005
Posts: 4,236
Florida
Originally Posted by pittsburghracer


I think you guys should all work and contribute till you are 75. Man you could e rich.


Couldn't agree more, wait as long as possible, you'll be rich!

Re: retirement [Re: BDW] #3083387
10/04/22 08:10 PM
10/04/22 08:10 PM
Joined: Oct 2005
Posts: 4,701
WI
Dcuda69 Offline
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WI
Wife and I have worked since our teens. Neither have even collected a day of unemployment. I'll be 61 in a month, 62 in a year. I'm pulling the plug at 62. I refuse to work another 3 yrs just to get a few $$ in SS. My dad died at 84...my mom was 92. That gives me the chance to actually retire for 20ish years. Work 50 and retire for 20. I'm done. I have 20+ yrs in a pension, wife has 30+ in a 401k, I have health ins until Medicare kicks in,we have a rental property that can be sold if needed. Financial guy has us figured at 97% chance of successful retirement until age 95 if we quit at 62 using just my pension and our 2 SS income. Does not include the 401k( a couple other small savings) or the rental property. I'll take those odds and my SS...thank you!

Re: retirement [Re: Dcuda69] #3083402
10/04/22 08:53 PM
10/04/22 08:53 PM
Joined: Jan 2003
Posts: 9,360
Freeport IL USA
poorboy Offline
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Freeport IL USA
My financial guy (mostly me) said I was tired of working. My wife and I both replaced our incomes when we retired, and since everything is paid for, we are living OK. we didn't want to work until the day we die.

Good thing I did retire at 62, I've been doing so many things I would have never been able to do while I was working. Starting the day off with that morning coffee on the porch swing with my wife by me side in the warmer months is better then any day at work ever was. Life is good,

We will deal with any troubles that may or may not come, when they happen. I will not afraid of the future I can not see. Collect that SS check, retire, and enjoy life while your health will still allow it. More money will not buy you more happiness.

Re: retirement [Re: poorboy] #3083452
10/05/22 06:04 AM
10/05/22 06:04 AM
Joined: Feb 2007
Posts: 4,801
Michigan
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oldjonny Online content
Don't argue with me.
oldjonny  Online Content
Don't argue with me.
O

Joined: Feb 2007
Posts: 4,801
Michigan
Originally Posted by poorboy
My financial guy (mostly me) said I was tired of working. My wife and I both replaced our incomes when we retired, and since everything is paid for, we are living OK. we didn't want to work until the day we die.

Good thing I did retire at 62, I've been doing so many things I would have never been able to do while I was working. Starting the day off with that morning coffee on the porch swing with my wife by me side in the warmer months is better then any day at work ever was. Life is good,

We will deal with any troubles that may or may not come, when they happen. I will not afraid of the future I can not see. Collect that SS check, retire, and enjoy life while your health will still allow it. More money will not buy you more happiness.


Correct...I quit (Don't want to call it retired as the company that bought out our company is chock-full of idiots) a week before my 62nd birthday. Have not missed it one bit...not even a little. Miss some of the people, but for the most part, nothing else. I have a relative that has all the money he could ever want and has done nothing for the last 12 years except lament about how bad his life is. Money is not everything.


Never, ever argue with an IDIOT. They will drag you to their level and then beat you with their years of experience
Re: retirement [Re: oldjonny] #3083465
10/05/22 07:02 AM
10/05/22 07:02 AM
Joined: Jan 2003
Posts: 13,107
md
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mopars4ever Offline
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IMO, Health is obviously the most important factor at retirement age. Having lots of money might not matter if you don`t feel well enough to even want to do those things that money can buy you. I think most take it for granted that your health will be fine as you get older. Most people will have some health issues that will affect you when nearing retirement time. The earlier you can retire the better in my opinion.

Re: retirement [Re: bigdad] #3083481
10/05/22 07:46 AM
10/05/22 07:46 AM
Joined: Jan 2006
Posts: 6,966
USA
3
360view Offline
master
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Posts: 6,966
USA
If you enjoy reading history,
the story about the fight between FDR and “Muley Bob” ( long time North Carolina Congressman Robert E Lee Doughton)
over the morality of making the funding of Social Security a Pyramid Scheme,
and the route of the then “shovel-ready-jobs-program” now known as the NC Blue Ridge Parkway scenic road,
is well worth a read.

Stop at Doughton Park, the largest rest stop on the Blue Ridge Parkway during a “Dark Skies Night”
and read the story just after watching the sunrise.

It is true that “healthspan” is a superior way to evaluate your future over “lifespan.”

Whether to begin to take SS at 62 or 70.5
is more complex than commonly thought.

Larry Kotlikoff seems to understand the details better than 99.99% of Social Security employees:

https://www.amazon.com/Get-Whats-Yours-Secrets-Security/dp/1511321075

be sure to get the most recent version because details are constantly being changed.

Today’s younger USA generations are really getting “screwed over” by Social Security and I would not blame them if they eventually revolt.

Re: retirement [Re: mopars4ever] #3083482
10/05/22 07:54 AM
10/05/22 07:54 AM
Joined: Feb 2005
Posts: 19,516
PA.
pittsburghracer Offline
"Little"John
pittsburghracer  Offline
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Joined: Feb 2005
Posts: 19,516
PA.



Don’t listen to these guys that retired early and are living well and enjoying it. After almost 13 years of retirement it’s the worst thing I’ve ever done. If I was still working in the mill I would have a bigger lump of money to give my kids and enjoying the 100 plus degree temperatures in the mill changing my shirts sometimes three times a day. Man I miss that. And the gang showers with 17 other naked sweaty guys with 20 more waiting in line. Man I wonder if I can go back. Don’t do the same mistake I made. Work till you die.


1970 Duster
Edelbrock headed 408
5.984@112.52
422 Indy headed small block
5.982@112.56 mph
9.42@138.27

Livin and lovin life one day at a time




Re: retirement [Re: pittsburghracer] #3083510
10/05/22 09:28 AM
10/05/22 09:28 AM
Joined: Feb 2014
Posts: 1,514
central il.
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second 70 Offline
pro stock
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Joined: Feb 2014
Posts: 1,514
central il.
I retired 10 years ago @ 55 and will still wait until 70 for SS. Why I don't need it yet and it would just go in the bank and be taxed @ 32%. My federal tax bill is already over $35,000 without it! Plus all my family lived to mid 90"s and I'll need the money more then than now.

Last edited by second 70; 10/05/22 09:31 AM.
Re: retirement [Re: second 70] #3083648
10/05/22 06:46 PM
10/05/22 06:46 PM
Joined: Nov 2005
Posts: 15,082
85086
moparpollack Offline
Lil Herman
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Lil Herman

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85086
Retiring 3 years ago I have never been busier with my cars and family. It amazes me how many people make work their life. A month after my retirement my boss died at 55, he worked himself to death. Please take into consideration your health not just money when you retire.


56 Plaza 63 D100 step side 67 Coronet, 68 Roadrunner, 69 Super Bees, 69 Coronet 500 convertible, 70 Roadrunner Post, 79 D150 360, and a severe case of Mopar a,d,d
Re: retirement [Re: moparpollack] #3083678
10/05/22 08:32 PM
10/05/22 08:32 PM
Joined: Apr 2003
Posts: 12,925
aZLiViN
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J_BODY Offline
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Wife retires in two years at 52…. did I mention she’s way smarter than me? smile

Re: retirement [Re: J_BODY] #3083735
10/06/22 07:55 AM
10/06/22 07:55 AM
Joined: Jan 2003
Posts: 9,535
MN
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JERICOGTX Offline
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MN
I'm out at 62 years old. That will put me at 40 years at my current job, if I make it that long... I'll find something else to do, and it won't involve waking up at 3:00 am, to be to work at 5:00am.


69 GTX 68 Road Runner
Re: retirement [Re: JERICOGTX] #3083736
10/06/22 07:59 AM
10/06/22 07:59 AM
Joined: Jan 2003
Posts: 13,107
md
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mopars4ever Offline
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Quote
Retiring 3 years ago I have never been busier with my cars and family. It amazes me how many people make work their life. A month after my retirement my boss died at 55, he worked himself to death. Please take into consideration your health not just money when you retire.
that is pretty much it right there. up

Re: retirement [Re: mopars4ever] #3083793
10/06/22 11:21 AM
10/06/22 11:21 AM
Joined: Sep 2003
Posts: 16,860
north of coder
moparx Offline
"Butt Crack Bob"
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Posts: 16,860
north of coder
i make sure the docs and hospitals around here have a regular customer. biggrin
that's work isn't it ?
beer

Re: retirement [Re: mopars4ever] #3083822
10/06/22 12:16 PM
10/06/22 12:16 PM
Joined: Jan 2004
Posts: 6,898
fredericksburg,va
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cudaman1969 Offline
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fredericksburg,va
Originally Posted by mopars4ever
Quote
Retiring 3 years ago I have never been busier with my cars and family. It amazes me how many people make work their life. A month after my retirement my boss died at 55, he worked himself to death. Please take into consideration your health not just money when you retire.
that is pretty much it right there. up


I’m my own boss and I have 5 cars waiting to finish so I’m not really quitting just another line of work

Re: retirement [Re: JERICOGTX] #3083925
10/06/22 08:22 PM
10/06/22 08:22 PM
Joined: Nov 2005
Posts: 15,082
85086
moparpollack Offline
Lil Herman
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Lil Herman

Joined: Nov 2005
Posts: 15,082
85086
Originally Posted by JERICOGTX
I'm out at 62 years old. That will put me at 40 years at my current job, if I make it that long... I'll find something else to do, and it won't involve waking up at 3:00 am, to be to work at 5:00am.


I just erased all the 4-5am alarms from my phone that were from my old work schedule.


56 Plaza 63 D100 step side 67 Coronet, 68 Roadrunner, 69 Super Bees, 69 Coronet 500 convertible, 70 Roadrunner Post, 79 D150 360, and a severe case of Mopar a,d,d
Re: retirement [Re: moparpollack] #3083958
10/06/22 11:14 PM
10/06/22 11:14 PM
Joined: Feb 2010
Posts: 18,217
Granite Bay CA
Kern Dog Offline
I Live Here
Kern Dog  Offline
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Posts: 18,217
Granite Bay CA
By the end of this month, I'm out.
36 years as a Union Carpenter with a solid 32 years worth of "Good Years". I had to reach 30 to get the full pension locked in.
The Pension is good and when I move out of California, there are NO restrictions on what work I can do. The Union does limit what construction work I can do in this region.
Theoretically, I can take up full time Construction out of state and do quite well....
I'm anxious to take a break from it though. I'm still in good shape and can work.....I just want to work on the house and car stuff for awhile.

Re: retirement [Re: JERICOGTX] #3083971
10/07/22 07:19 AM
10/07/22 07:19 AM
Joined: Jan 2006
Posts: 6,966
USA
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360view Offline
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USA
https://www.eurekalert.org/news-releases/730114

sample quote

In the study, work stress was defined as jobs with high demand and low control - for example when an employer wants results but denies authority to make decisions. "If you have high demands but also high control, in other words you can make decisions, this may even be positive for health," said Professor Ladwig. "But being entrapped in a pressured situation that you have no power to change is harmful."

Impaired sleep was defined as difficulties falling asleep and/or maintaining sleep. "Maintaining sleep is the most common problem in people with stressful jobs," said Professor Ladwig. "They wake up at 4 o'clock in the morning to go to the toilet and come back to bed ruminating about how to deal with work issues."

"These are insidious problems," noted Professor Ladwig. "The risk is not having one tough day and no sleep. It is suffering from a stressful job and poor sleep over many years, which fade energy resources and may lead to an early grave."

end quote

Re: retirement [Re: 360view] #3083995
10/07/22 08:38 AM
10/07/22 08:38 AM
Joined: Apr 2003
Posts: 12,925
aZLiViN
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J_BODY Offline
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aZLiViN
Interesting 360view….. if there’s one thing about my workplace is that I put more stress on myself than management ever has. I’ll probably be in for a rude awakening when I change jobs. I’ve basically come and gone as I pleased for 25 years. Racing, coaching travel softball teams, my daughters school events….. while the pay hasn’t been the greatest looking back they let me be a “dad” and that was gold.

Re: retirement [Re: moparpollack] #3084098
10/07/22 03:27 PM
10/07/22 03:27 PM
Joined: Jan 2003
Posts: 12,313
Warren, MI
71TA Offline
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71TA  Offline
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Posts: 12,313
Warren, MI
Originally Posted by moparpollack
...... It amazes me how many people make work their life.


I agree. Wish I had someone tell me to quit working for someone and do my own thing SOONER!!!!!!!!!!!!! Why does high skool and college teach everyone to become a slave to "the man"?!?! I'm not saying it's easy but MANY of the small business owners I know make $250-$500k/yr; plumber, cement guy, HVAC guy, etc. Unless you are a doctor, partner in a law firm or senior managment at a large company, that just isn't obtainable (cept maybe the lotto). I literally KILLED myself designing and programming industrial automation and robots. The deadlines were unreal. 2AM service call across the country to solve the impossible before the next shift started while work piled up back at the office. I would literally get calls while I was out of town asking when I'd have a design or program done BACK AT THE OFFICE. For $130K. THAT WAS BS! No that was STUPID!!!! Last 75 degre days here in Detroit were Wed and Thurs. I took them off and didn't even have to beg for permission.

Re: retirement [Re: pittsburghracer] #3084211
10/08/22 06:06 AM
10/08/22 06:06 AM
Joined: Nov 2008
Posts: 5,805
Greenville, PA
redraptor Offline
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redraptor  Offline
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Greenville, PA
Originally Posted by pittsburghracer



Don’t listen to these guys that retired early and are living well and enjoying it. After almost 13 years of retirement it’s the worst thing I’ve ever done. If I was still working in the mill I would have a bigger lump of money to give my kids and enjoying the 100 plus degree temperatures in the mill changing my shirts sometimes three times a day. Man I miss that. And the gang showers with 17 other naked sweaty guys with 20 more waiting in line. Man I wonder if I can go back. Don’t do the same mistake I made. Work till you die.

haha

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