This is just my experience being around a lot of retired people. Some that retired early lose touch with their friend and former work groups because most of those are busy still working while the early retiree is disengaged from that life. I've seen it happen with a couple of people.
How did/will you make your decision to retire? SIAP
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Last: 21 min ago by P.H. Dexippus
Not worried in the least about what I'll be doing. Golf a few days a week, the gym 4-5 days, reading, my yard, taking more time to cook at home, tinkering around with projects the house, head to the beach for 1-2 weeks every few months. Between staycations and weeks at the beach with no set agenda, I have proven to myself that the hours, days, and weeks will still fly by vs being bored. I plan to retire younger (55) because I want to still be in good physical condition to do all of those things for many years. The 70s are hell on people. You can leave them "healthy", but the vast majority of folks are doing well just to be getting around decently at 80.
Work is a default solution to boredom, not a great solution. If you love it, good for you; you are in rare company. But in other cases, outside of financial needs, I don't get waiting until one's late 60s to retire and most likely leaving a relatively short run at an active and relaxing life of leisure just because of a fear of boredom
Sure, I may lose touch with certain folks but I'll also make new friends. That's been my entire life as it moved through its phases.
Work is a default solution to boredom, not a great solution. If you love it, good for you; you are in rare company. But in other cases, outside of financial needs, I don't get waiting until one's late 60s to retire and most likely leaving a relatively short run at an active and relaxing life of leisure just because of a fear of boredom
Sure, I may lose touch with certain folks but I'll also make new friends. That's been my entire life as it moved through its phases.
Sounds like a good plan. Your first day, week, month, several month might change your mind that it's that easy.
Fat fingered the emoji.
Fat fingered the emoji.
Yes, the draw of endless meetings, Teams calls, analyzing financials, and closing the books may be too strong to resist. Nah, this is not going to be difficult. 100% confident. Just another phase of life; looking forward to it.
DannyDuberstein said:
Yes, the draw of endless meetings, Teams calls, analyzing financials, and closing the books may be too strong to resist. Nah, this is not going to be difficult. 100% confident. Just another phase of life; looking forward to it.
I did it. You will be fine. I just don't get the fear of being bored. There are days where I have a lot going on even if it's just chores, and there are days where I do absolutely nothing but stare at the scenery.
Both are better than sitting on a zoom call.
100%. And again, I can't stress enough how quickly the brakes get hit for most people at some point in their 70s. At my golf club, lots of regulars in their late 60s and early 70s. The 80s on the other hand are few. Very, very few. I've been there 30 years and it has always been that way. My dad was a prime example - he was a cyclist winning senior games races around the country at 70. By 75, he could no longer safely get on anything but his Peloton. I want to retire while I have long window with my health to be active, God willing.
"QTL - Quality Time Left. How much do you have?" - Wayne Huizenga
Huizenga, former Dolphins owner, spoke to former Dolphins coach Jimmy Johnson on the topic as JJ contemplated retirement. Jimmy mentioned the conversation during his HOF speech, and it rang home to me. We should all consider the same once we reach the point where we no longer have to work. I'm there and my boss is about to find out.
Huizenga, former Dolphins owner, spoke to former Dolphins coach Jimmy Johnson on the topic as JJ contemplated retirement. Jimmy mentioned the conversation during his HOF speech, and it rang home to me. We should all consider the same once we reach the point where we no longer have to work. I'm there and my boss is about to find out.
‘This conflict was begun on the timing and terms of others; it will end in a way and at an hour of our choosing.’
George W. Bush
George W. Bush
This.
I want to retire early enough that I'm still healthy and active enough. Wife and I have dreams of taking our camper across the country to see all the National Parks and being able to hike, fish, etc.
I can't imagine being bored unless I didn't save enough or I'm too stingy
I want to retire early enough that I'm still healthy and active enough. Wife and I have dreams of taking our camper across the country to see all the National Parks and being able to hike, fish, etc.
I can't imagine being bored unless I didn't save enough or I'm too stingy
AgsMyDude said:
This.
I want to retire early enough that I'm still healthy and active enough. Wife and I have dreams of taking our camper across the country to see all the National Parks and being able to hike, fish, etc.
I can't imagine being bored unless I didn't save enough or I'm too stingy
This part happens to a lot of people once they retire, including a lot of people who don't think it will be a problem. Hard to live with the uncertainty of having money for an unknown period of time, and many cannot handle living with that risk.
topher06 said:AgsMyDude said:
This.
I want to retire early enough that I'm still healthy and active enough. Wife and I have dreams of taking our camper across the country to see all the National Parks and being able to hike, fish, etc.
I can't imagine being bored unless I didn't save enough or I'm too stingy
This part happens to a lot of people once they retire, including a lot of people who don't think it will be a problem. Hard to live with the uncertainty of having money for an unknown period of time, and many cannot handle living with that risk.
For sure. It was talked about earlier in the thread. Some really good points on both sides of it.
Over the past 5 yrs, I slowly decreased my work from full time to 2 dys/month as a hobby. I consider myself retired with a "hobby" now. I was concerned 5 yrs ago of being bored, but every drop in work load never seemed coincide with increased boredom. At 2 dy/mo, I am never bored. Chores used to feel like something I had to squeeze in around work now feels like an enjoyable task.
I am in my early 50's and I have zero regrets. I have yet to meet someone who regret retiring too early.
I am in my early 50's and I have zero regrets. I have yet to meet someone who regret retiring too early.
Medaggie said:
I am in my early 50's and I have zero regrets. I have yet to meet someone who regret retiring too early.
I started asking retirees in their late 50s+ about this. Every single one said they hadn't ever known anyone to regret it early.
Then I met a guy who was a CHRO at Chevron until about 15 years ago. He said the only person he knew who regretted retiring early was a woman executive who jsut couldn't stand her husband. He had counseled/known of hundreds of people who retired on their own (not fired) in their 50s.
MyMamaSaid said:Medaggie said:
I am in my early 50's and I have zero regrets. I have yet to meet someone who regret retiring too early.
I started asking retirees in their late 50s+ about this. Every single one said they hadn't ever known anyone to regret it early.
Then I met a guy who was a CHRO at Chevron until about 15 years ago. He said the only person he knew who regretted retiring early was a woman executive who jsut couldn't stand her husband. He had counseled/known of hundreds of people who retired on their own (not fired) in their 50s.
In the engineering world, I've know plenty of late 50s and early 60s that retired and were back as contractors in under a year because they were bored and usually make it quite a few more years. Heck, we have an engineer in his 70s who won't retire because he says he has nothing to do at home, made his life work and doesn't have any hobbies (fortunately he is still an excellent resource so far).
I don't plan to be one of those and will be out in my early 50s.
I think anyone who is unable to separate their persona from the career they've made is going to have trouble retiring. Most people who retire early likely were able to do this or they wouldn't have done it. If you let work define who you are, you will struggle with it.
When I left corporate at 47, everyone I worked with was floored because they just thought I would be there forever. What they didn't think about was that while I was 110% with my career there, I still never let it fully define who I was. Admittedly, that mindset was touch and go for a bit, but the last couple of years I was there I had mentally separated work from life. And I'm not talking about work/life balance. I'm talking about how you define yourself.
Are you the person on your LinkedIn profile or is that just your resume. There is a difference.
When I left corporate at 47, everyone I worked with was floored because they just thought I would be there forever. What they didn't think about was that while I was 110% with my career there, I still never let it fully define who I was. Admittedly, that mindset was touch and go for a bit, but the last couple of years I was there I had mentally separated work from life. And I'm not talking about work/life balance. I'm talking about how you define yourself.
Are you the person on your LinkedIn profile or is that just your resume. There is a difference.
My dad was an ME who planned to retire at 65, but when he made the announcement, his employer made him a sweet offer to stick around that included a big pay bump and reporting changes to stick around another 2 years. At 67, he retired, but then got an even better job offer from a competitor. He worked another 2 years, got fed up, retired again. Got an even sweeter deal with more pay and freedom, worked another 2 years at that job, before finally retiring in his early 70s.
I think for him, one of the hardest parts of retirement was the loss of social interaction. While an engineer, he was also in a sales role and he's a people person.
Now he spends his time with grandkids, house projects, and international travel with my mom a couple of times a year.
I think for him, one of the hardest parts of retirement was the loss of social interaction. While an engineer, he was also in a sales role and he's a people person.
Now he spends his time with grandkids, house projects, and international travel with my mom a couple of times a year.
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