How do you guys retire?

[Deleted member 59498]

Crap

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[wibornz]

I worked 29 years six months and 14 days at one job, invested well and turned in my paperwork to Retirement Services. Then stopped coming to work.

 

[Philly_]

I'm planning on winning the lottery... multiple times.

 

[TheNewGuy]

At 51, my wife and I walked away from our respective companies after 30 years. Sold our large home and built a smaller 1500sqft home further north with the equity. No mortgage. No CC debt. No car payments. It's amazing how much you can live on when you're debt free. We both have pensions and 401k which we both contributed 10%+ to. We are the rare retirees with what they call the "3 legged stool" of retirement. Pension/401k/SS.
We'll start collecting our pensions at 60 and SS at 62 and use our 401ks for slush money.
Living the American Dream.

 

[Medsker]

I have an awesome wife that one day said something to the effect of "Why don't you stay home and do the laundry, cook all the meals, clean the house, and everything else along with it and I'll keep working". It was a win win for us and now I get to play with my Jeep all the time and she is second in command at a mining operation.

 

[DonH63]

Worked nearly 40 years professionally, and another 10+ before that (worked through HS and college), had great profit sharing and stock grants for part of that, and my wife worked (she still does, about 32 hours/week -- she's not ready to retire). Got the kids through college and paid off the house, saved like crazy last 10 years or so. Worked with a great money manager for over 30 of those years, which helped us recover from a horrible set of circumstances and bad decisions that cost us every drop of our first 10 years of savings and several more of not saving enough. Using a CFP instead of trying to manage our own money was probably the biggest help overall -- my expertise is not investing and building wealth, for sure! (Example: Jeep.) That allowed me to retire a couple of years early.

My profession was pretty demanding; the last 10+ years 60-80 workweeks for months on end were normal (so I feel like I earned that no matter what "they" say). My kids started saving early and will hopefully continue. Of course, we didn't count on costs skyrocketing, but we pushed some planned trips and house work out a year, so look to be in good shape. Fingers crossed; moving to a fixed income and spending what we saved is scary.

 

[gsbrockman]

Crap

I’m never gonna retire. A few people I’ve known in the past either died within a couple of years of retirement, or their health went to schitttttttt in a hand basket.

I plan on driving my RAM 5500 and being a steering wheel holder up until it’s time for me to wave bye bye.

 

[sherpaJL]

every octogenarian & nonagenarian I've had the pleasure to encounter had one single trait in common; they were physically active well beyond their retirement years
stay active = live longer

my father is 92 and he can't sit still

 

[Simplejack]

Don't get divorced

 

[dragoneggs]

Don't get divorced

You beat me to it... I did and I don't see retirement in my near future.... Unless my Bitcoin goes crazy.

 

[Deleted member 59498]

Thanks for the stories. It is just so hard to be like "What I don't have a job!" Just weird for me.

 

[Deleted member 59498]

I’m never gonna retire. A few people I’ve known in the past either died within a couple of years of retirement, or their health went to schitttttttt in a hand basket.

I plan on driving my RAM 5500 and being a steering wheel holder up until it’s time for me to wave bye bye.

Sounds fun!

 

[Deleted member 59498]

At 51, my wife and I walked away from our respective companies after 30 years. Sold our large home and built a smaller 1500sqft home further north with the equity. No mortgage. No CC debt. No car payments. It's amazing how much you can live on when you're debt free. We both have pensions and 401k which we both contributed 10%+ to. We are the rare retirees with what they call the "3 legged stool" of retirement. Pension/401k/SS.
We'll start collecting our pensions at 60 and SS at 62 and use our 401ks for slush money.
Living the American Dream.

Absolutely that is what I am thinking. It is hard to do though after 25+ years working same profession,

 

[Deleted member 59498]

I worked 29 years six months and 14 days at one job, invested well and turned in my paperwork to Retirement Services. Then stopped coming to work.

Yeah 25 here thinking of just giving up a couple hundred a month and go live life!

 

[av8or]

30 years at FedEx was all my back could take.

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