Great information. I’m looking forward to the future talks about your journey!

@TheRetirementGroove

14 күн бұрын

Not sure how I am going to project my thoughts about this subject. Except to speak about experiences that I am going thru. I guess that is what this channel is about.

You got this ! Your wife sounds like a wise woman, don't jump into anything for the first year. Things will become more evident after the honeymoon phase of retirement is over. Tell this info to everyone, especially the young, about saving and investing early ! We started a little later in life but have been able to catch up. Going out soon at 58. I have done similar. My manager and team knows I am a short timer. They have known for over a year that I am retiring early. I have trained my replacements and all is good when I leave. They also don't want to push me out but also know I am leaving so they have indicated that as a new round of re-org comes through, we may have head count reductions on our team and if so I asked them to put my name at the top of the list. I would get a year severance and insurance, so would be a sweet deal to ride off into the sunset on.

@TheRetirementGroove

14 күн бұрын

Sounds like you have planned well. I like the Severance. One reason I am holding on to end of year is for our performance bonus. Take Care Bob...

I can relate to your timing for retirement. I’m 62 today with a bad hip problem related to my job, so timing is important. I will get a nice bonus in January, plus 6 weeks vacation, and a pay raise on April 1 which I’ll use for them to buyout my sick time & vacation. Hopefully I’ll have a hip replacement and go on disability. My biggest problem is adult children still needing help in this economy, but I’ll be cutting them off in retirement. The number one killer of retired people’s savings, is children needing money, so let’s not make that mistake. I couldn’t care less about a company that doesn’t care about their employees. I plan on traveling for the first few years while health is at its peak. I’ve had two coworkers passed in a year, both 58, and another coworkers father at 54, so asap.

@TheRetirementGroove

14 күн бұрын

Fortunately for me both of my children make more money than me so they don't ask for anything. Sorry to hear about your hip problems hopefully you get the sorted out so you can enjoy some of your retirement years. I am fortunate that I have fairly good health right not at 66.7 years but I know that won't last forever.

With regard to working, I plan to do project work. So... I'll do some kind of job for about 4 months, months i want to be in my home state. I won't work beyond that. The additional income will be nice but like you, is not the reason. I'm retiring at 58 and like the idea of creating contrast between free time and working time. I think i'll appreciate my time off more if not all of my time is free time. The reason for doing project work is that it won't limit my travel and other plans I have that require me to be away. Also, I am going to do this project work for causes I care about, rather than corporations, which has been my career. A bit of meaningful work and then 8 months of freedom sounds like a nice early retirement to me.

@TheRetirementGroove

2 күн бұрын

I hope to find middle ground in my retirement and might think of some kind of job closer to home and maybe in a different field than what I was doing. I am told I should take a year after retirement and decide on what I want to do. Sounds like good advice.