Anyone here retired?

Top Sportsbooks

9.9

Bovada

75% Cash Bonus
Read Review
9.8

BetOnline

100% Free Play
Read Review
9.6

Heritage Sports

50% Cash Bonus
Read Review
9.6

BetAnySports

30% Cash Bonus
Read Review
9.5

Everygame

100% Cash Bonus
Read Review
9.5

Bookmaker

25% Cash Bonus
Read Review

quantumleap

quantumleap

Joined
Apr 10, 2022
Messages
2,973
I'm getting close to retirement and was wondering what it was like.

My neighbor retired a few years ago and he said he liked it but sometimes it was hard for him to find things to do. When people are working their job takes up 40 hours or more per week. You have that much more time to fill to do things.

I have been "between jobs" for a couple months at a time and I've never had a problem finding something to do. I figure I would do some volunteering to fill some time because I have a saying, "Service to others is one of the secrets of happiness."

Another thing about filling time is finding energy to do the things you want and need to do. The older you get, the less energy you have. After a long day's worth of work you don't feel like doing much when you're older. I have plenty of energy when I'm not working. I don't want to use up all my energy on my job and then just sit around during my time off.
 
  • Like
Reactions: JDS

quantumleap

quantumleap

Joined
Apr 10, 2022
Messages
2,973
Retired 02-01-06, Love it, You will too, No Problem finding things to do or Places to Go.

Life can be short enjoy your TIME !!!
Thanks harpo. We never know how much time we have left. Nor do we know how much energy we have left as well.

I'm wondering if it will come time for me to retire and I'll be tempted to work another year to make more money. And then I think to myself I never know how much time I have so that 1 year to do what I want to do could come in handy.
 

quantumleap

quantumleap

Joined
Apr 10, 2022
Messages
2,973
Here's a great video I watched about retirement. If you don't wish to watch it, it talks about the 4 phases of retirement.

Here is a list of the 4 phases:
  • Phase I - Vacation
You can travel to your heart's content, not being burdened by work schedules.
  • Phase II - Loss
He speaks of 5 potential losses in this phase: routine, sense of identity, many relationships from work, sense of purpose and for some, a loss of power.
This phase may also result in the 3 "Ds": divorce, depression, decline (both physical and mental).
  • Phase III - Trial and Error
How can I make my life meaningful again? How can I contribute? Answer: do the things you love to do and those things that you do well.
  • Phase IV - Time to Reinvent and to Rewire
Not everyone breaks through to this phase. Those who do are some of this guy's happiest people he has ever met.
It's finding activities that are meaningful and that give us a sense of accomplishment. This almost always involves service to others.

 

quantumleap

quantumleap

Joined
Apr 10, 2022
Messages
2,973
I retired about 5 years ago, two things how ever much money you think you’re going to need double it, you will spend more money retired, also if your married keep your wife working, not necessarily for the money but for your sanity, gl.
That's one of the biggest concerns of mine. I'll be making about 40% in retirement of what I'm making now. I have some equity in my house so I would like to take out money in a reverse mortgage to pay off some investments. That's where you get an upfront sum of money and when you sell your house or die, the loan people get that money back. The problem with that is these online calculators say I don't have enough equity. That seems odd because I have 60% equity in what my house is worth.

As far as a wife, I don't have one. What you say reminds me of a guy I used to work with. His wife got a job at the same place. Another coworker said "You should be trying to get away from her for part of the day, not spend the whole day with her!" :D My brother retired early and his wife didn't work. That didn't work out well either.
 

Tanko

Tanko

Joined
Oct 27, 2021
Messages
33,406
I'm watching these YouTube videos of people who retire down to Mexico. They say you won't need nearly as much blood pressure medicine because life is so much slower down there. I imagine it will be slower no matter where I live.
Mexico would be fun and chill, as you say.
We're considering Costa Rica later in life. A lot of expat areas there and as you mention, central america is a lot less expensive.
 
Top