Anyone here retired?

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Franz555

Franz555

Joined
Apr 10, 2018
Messages
3,669
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 !!!
No truer words were spoken

I was forced into a retirement situation due to a car accident in Germany , June 11 , 2022.
Daily physio and rehabbing is my newest career. I can't imagine living a single day without some sort of mission or purpose. Full retirement ?
Never
 

Capitalist Pig

Capitalist Pig

Joined
Oct 30, 2021
Messages
1,112
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.
My wife would tell you not to take financial advice from me, but my two cents would definitely be to steer you away from the reverse mortgage thing, too many variables that could cause you to lose your home if something unexpected happen, jmo
 

BigJay

BigJay

Joined
Oct 28, 2021
Messages
9,343
@jjgold is “retired” at the Nervous Hospital

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chuckythegoat2

chuckythegoat2

Joined
Sep 26, 2023
Messages
1,531
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.
Quantum, you make some great points.

Need to find an ASPIRATION to keep you interested. That can go in different directions. Can be:

1) Physical improvement.
2) Mental improvement.
3) Teaching to others. This is a great one. Chance to share your successes/failures with others.
 

rdalert447

rdalert447

Joined
Jun 5, 2022
Messages
2,468
I retired from one career 10 years ago. Working on Pension #2 now. Don’t know your age, but if you still feel energetic and have good qualifications, I say definitely pursue something new.
I was lucky to retire at an early age, so I looked for new opportunities in more interesting, less serious fields.
 
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chuckythegoat2

chuckythegoat2

Joined
Sep 26, 2023
Messages
1,531
successful people rarely retire why they are successful
I'll put context on what JJ might be saying:

*If you're in demand, you're going to command a good Hourly rate for your services.

If that's the case, it's a catch-22. If the compensation is too good to turn down, one might consider working to a more advanced age.

Even if you don't NEED the money. It's nice to have options.
 
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