Waynesworld is slowly starting to feel better.

retire early (read all 4 entries…)
Re-visiting this goal again. 4 months ago

It seems like every time I consider the possibility of being able to retire “early,” circumstances tend to push the thought of retirement back a bit. It’s not that I don’t like working, it’s just that I work-to-live and can think of all kinds of things to do once I do take the retirement plunge. In other words, I don’t live to work.

That being said, I have to make sure I have enough retirement income to enjoy myself and stay above the poverty line. ;)

Too many recent stories have disturbed me, about people who have been retired for 5 years having to go back to work because their nest egg has been decimated by the recession. I don’t think I want to do that, so I would rather stay working for an extra year or two, so that I won’t have to wonder how I am going to pay my bills at the end of the month.

Please tell me fellow 43Thingers, what age would you consider to be “early retirement?” Freedom 55? Age 60? All of my older friends who have already retired seem to be having a great time and have far less stress now.



Comments:

wren is mightier than grief.

I guess I consider early retirement

anything before age 65.

Any more it just seems as if we’re all destined to work our entire lives…

Waynesworld is slowly starting to feel better.

Thanks for your comment, wren.

OK, that’s very definite. Anyone retiring before age 65 is considered to have taken “early” retirement. I do know that age is relative and lots of people who reach age 65 want to keep working; not me, lol

wren is mightier than grief.

No kidding!

I’m ready to retire right now. If only my bank account was as well.

Pajodama is home sweet home :)

Amen, Wren:)

Waynesworld is slowly starting to feel better.

wren has the right idea!

Doesn’t she, Pajodama? :)

Waynesworld is slowly starting to feel better.

Hear, hear!

Sounds good to me, wren!

nicolasc is Grinchy... very, very Grinchy. But she dons a hat and plays Santa for Sonny Lou Who anyway.

Maybe

between 55 and 65 would be early. Early in my mind means early enough that you are still healthy and active enough to have some adventures. Not that you can’t do that after 65, but I do think the older you get, the more you risk something interfering with your adventure potential.

Good luck with this!

Waynesworld is slowly starting to feel better.

Thanks, nicolasc.

I appreciate your views on this. I think that is key what you say, to retire soon enough, so you can still be healthy and enjoy yourself for several years, going places that you may not want to visit after age 65.

I am very fortunate at this time, that if I can stay healthy and get my mortgage paid off, I may be able to retire sometime before age 60.

I also find wren’s comment very appropriate. ;) If I could do it, financially, I would retire immediately, lol.

mahinui ever more at home

hello from the other side

My plan was to retire at 55 but it didn’t happen.

I’m 58 and my husband is 60. Another year and a half and he will eligible for Social Security.

We left our normal lives to go bamboo with enough money to see us through until his retirement income kicks in, or so we thought. But our projects have not just nibbled away at our money, they have engulfed it.

He is thinking of taking on a consulting job, and if he does, that will be a relief financially, although unhappy from the point of view of what we are trying to do.

The other side of the story is that we fully intended to earn a living with the wedding business, treehouse as adjunct. As long as we hit a tipping point with the wedding business we will be OK.

But is that retired? I think not. But I do get retirement income. Early retirement means a huge hit on the income part. And moving to Hawaii meant a gargantuan leap in the cost of our health insurance. (Almost a thousand dollars a month!!)

And there have been issues upon issues. I have barely controlled my urge to rant here (not in this comment, but in general) as every new day seems to bring a new problem, and more expenses.

One thing I did not consider adequately is the perils of a treehouse. It is a whole different experience than a house on the ground, or even a top floor of a skyscraper, even though you are much higher in a tall building. There, you ride an elevator, and there are always walls everywhere. It is civilized.

In a treehouse, getting up requires some agility. More so than climbing a couple of flights of stairs. As it is the rainforest, the steps are slippery. you are fine as long as you use the handholds, and walk backwards going down, as your would on any ladder. But people persist in wanting to walk down facing forward, and freak out. This means telling everyone how to use the steps, and that means being there whenever anyone is there for the first time.

and that is simply not realistic.

Even telling a grown up to treat the “stairs” as a ladder is not easy, as most adults don’t listen. They think they are looking at stairs, and trust their perceptions over any suggestions or instructions they are given.

Waynesworld is slowly starting to feel better.

Thanks for your wisdom.

And retelling your own observations.

Unfortunately, I think you are correct, mahinui, most adults don’t really “listen” to instructions. ;)


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