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Should I Retire?

 
kdog82
old cool dog

User ID: 72648443
United States
08/24/2020 10:52 PM

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Should I Retire?
I am 55, will be 56 soon. I can take early retirement now. I would get $3800 a month without our insurance, $2100 with insurance.
Been laid off for 2 months now, collecting unemployment and using my savings.

I have no debt, my bills are about $1200 a month.

I could go back to work making about $48 an hour if I can find work.
Getting to old for this shit
Anonymous Alien

User ID: 79291945
08/24/2020 10:55 PM

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Re: Should I Retire?
You should work until you have one foot in the grave.
Moses Born Again in L.A.

User ID: 77511015
United States
08/24/2020 10:56 PM

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Re: Should I Retire?
FTWCLINTYES
Moses Born Again in L.A.
kdog82  (OP)
old cool dog

User ID: 72648443
United States
08/24/2020 11:05 PM

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Re: Should I Retire?
You should work until you have one foot in the grave.
 Quoting: Anonymous Alien


I have been working since I have been 12 years old. When is enough, enough. 34 years in this career and I feel I am done.
Getting to old for this shit
kdog82  (OP)
old cool dog

User ID: 72648443
United States
08/24/2020 11:08 PM

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Re: Should I Retire?
To be clear, I got in this career when I was 22 years old, it's a union job and has been good to me.
Getting to old for this shit
claircognizant_one

User ID: 79302912
08/24/2020 11:08 PM

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Re: Should I Retire?
I am 55, will be 56 soon. I can take early retirement now. I would get $3800 a month without our insurance, $2100 with insurance.
Been laid off for 2 months now, collecting unemployment and using my savings.

I have no debt, my bills are about $1200 a month.

I could go back to work making about $48 an hour if I can find work.
 Quoting: kdog82


From experience I'd say no, but my advice to you is do it for a few years, then decide.
Anonymous Alien

User ID: 79291945
08/24/2020 11:08 PM

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Re: Should I Retire?
You should work until you have one foot in the grave.
 Quoting: Anonymous Alien


I have been working since I have been 12 years old. When is enough, enough. 34 years in this career and I feel I am done.
 Quoting: kdog82


Preaching to the choir. I just retired in my mid-50's. What I'm really saying is don't work until you have 1 foot in the grave if you can help it.
Anonymous Coward
User ID: 77863298
United States
08/24/2020 11:10 PM
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Re: Should I Retire?


Rest if that's what you need -- but never stop working. Retirement is a death sentence.

Even if you new 'job' is restoring old cars, keep trucking till the trumpet blows.
Anonymous Coward
User ID: 79113477
United States
08/24/2020 11:12 PM
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Re: Should I Retire?
Yes
Anonymous Coward
User ID: 79303048
United States
08/24/2020 11:17 PM
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Re: Should I Retire?
unless you have bad medical issue,piss off the insurance.get regular exercise and theres a good chance you will die in your sleep and never see a hospital.
3800 is about double my ue,so you are double above me in income.i dont know your bills but i would say thats decent.new truck and house payment with a good fund for extras.
Soundman

User ID: 40546062
United States
08/24/2020 11:25 PM

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Re: Should I Retire?
Depends on you OP. Some folks live to work, some folks hate working. My father worked hard and died just after he retired and never enjoyed retirement.

We are not promised tomorrow, You will die one day, anything you want to do in this life that requires early retirement such as traveling etc?

I have a friend that was so excited about retirement but as soon as he retired he started panicking about his money situation, the guy has plenty of money, a tightwad but all he does is now worry and complains his new part time 4-8 hr a wk job does not give him enough hours and money to pay his one credit card off. I guess some folks have real problems, right?

The guy was built to work and as I see it has zero peace in retirement and never should have retired. What kind of retired person will you be OP? Happy or not?

Personally, I could sit on my a$$, be happy and GLP all day and night with the options you have but thats just me...

Last Edited by Soundman on 08/24/2020 11:28 PM
Soundman
kdog82  (OP)
old cool dog

User ID: 72648443
United States
08/24/2020 11:25 PM

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Re: Should I Retire?
unless you have bad medical issue,piss off the insurance.get regular exercise and theres a good chance you will die in your sleep and never see a hospital.
3800 is about double my ue,so you are double above me in income.i dont know your bills but i would say thats decent.new truck and house payment with a good fund for extras.
 Quoting: Anonymous Coward 79303048


I am in good health, but my wife , not so much. Been renting for the last 6 years because of a bad divorce. But, I got a good amount of money saved upped to buy some property and we are looking.
Getting to old for this shit
Anonymous Coward
User ID: 78252181
United States
08/24/2020 11:45 PM
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Re: Should I Retire?
You should just be entering your most lucrative years . anything you really wanted to try but feared changing professions midstream ? Maybe now is a good time but retiring so young will probably mean lost financial opportunity while you are a prime age to earn .
kdog82  (OP)
old cool dog

User ID: 72648443
United States
08/24/2020 11:47 PM

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Re: Should I Retire?
Depends on you OP. Some folks live to work, some folks hate working. My father worked hard and died just after he retired and never enjoyed retirement.

We are not promised tomorrow, You will die one day, anything you want to do in this life that requires early retirement such as traveling etc?

I have a friend that was so excited about retirement but as soon as he retired he started panicking about his money situation, the guy has plenty of money, a tightwad but all he does is now worry and complains his new part time 4-8 hr a wk job does not give him enough hours and money to pay his one credit card off. I guess some folks have real problems, right?

The guy was built to work and as I see it has zero peace in retirement and never should have retired. What kind of retired person will you be OP? Happy or not?

Personally, I could sit on my a$$, be happy and GLP all day and night with the options you have but thats just me...
 Quoting: Soundman


I would be happy to be working on my own property , piddling around. I have known guys who have died soon after retiring. I want to enjoy my youth and visit with kids and grandchildren. My time is worth more than a job. I'm ok with that.
Getting to old for this shit
claircognizant_one

User ID: 79302912
08/24/2020 11:48 PM

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Re: Should I Retire?
What does your wife think about it?
Southern man
User ID: 75098604
United States
08/24/2020 11:50 PM
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Re: Should I Retire?
Remember you SS is based on the what you made in the last 5 years before retirement...
kdog82  (OP)
old cool dog

User ID: 72648443
United States
08/24/2020 11:52 PM

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Re: Should I Retire?
You should just be entering your most lucrative years . anything you really wanted to try but feared changing professions midstream ? Maybe now is a good time but retiring so young will probably mean lost financial opportunity while you are a prime age to earn .
 Quoting: Anonymous Coward 78252181


With the way our world is going, I can change what I do, but if it gets worse, will there be something I can do?
Getting to old for this shit
Monty Python

User ID: 5848929
United States
08/24/2020 11:58 PM

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Re: Should I Retire?
How much tread do you have left?
Monty Python's Flying Circus
Anonymous Coward
User ID: 78619133
United States
08/25/2020 12:04 AM
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Re: Should I Retire?
I urge everyone to retire as soon as possible. the everyday stress is killing you, you will have a ton of money waiting for your heirs. It'll be heirs and not yours, cuz you'll be dead.

work is unnatural and 45 years of drudgery is way too many.

if you had a million dollars extra, what would you do with it? keep working and make more? most people have no clue how to spend it, and when you retire, your monthly expenses drop considerably (clothes, gas/commuting, repair bills, lunches, office collections, etc.)

get involved in a hobby. retiring now with internet is awesome, you can watch a youtube video and fix anything or learn anything you ever wanted. enjoy life, you worked plenty, retirement is a fantastic reward, don't miss it!
The Roadrunner

User ID: 78300449
United States
08/25/2020 12:09 AM
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Re: Should I Retire?
I would gladly quit tomorrow life is too short, 34 years your running out of previous time.

Money?
happiness
Enjoy what you do?

Questions
The Roadrunner
Busterhymen

User ID: 78940028
Canada
08/25/2020 12:14 AM

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Re: Should I Retire?
$48 an hour? Go in and tell your boss you're done, but have found and excellent replacement................ME!
<<<<<< That damn Canadian flag. I live in the Midwest..........WTF?
3643297

User ID: 76832232
United States
08/25/2020 12:16 AM
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Re: Should I Retire?
You should work until you have one foot in the grave.
 Quoting: Anonymous Alien


I have been working since I have been 12 years old. When is enough, enough. 34 years in this career and I feel I am done.
 Quoting: kdog82


Yes, sounds like a good deal.
Anonymous Coward
User ID: 76383507
United States
08/25/2020 12:18 AM
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Re: Should I Retire?
Remember you SS is based on the what you made in the last 5 years before retirement...
 Quoting: Southern man 75098604


Wrong.

[link to www.ssa.gov (secure)]
Anonymous Coward
User ID: 21096826
United States
08/25/2020 12:19 AM
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Re: Should I Retire?
This is highly personal depending upon your likes. I can offer the following:

I am the kind of person that wants to retire at the first moment available in life - so I say. Not that I don't like working, only that I don't want to invest a single minute more than necessary within my life. That said, I was laid off for upwards of two years in my life, before I could find employment.

For the first twelve months, life was great. Bills were paid, I could do anything I wanted day to day. Next six months, life was good, bills still paid, but something was missing. The final six months, I was climbing the walls, needing something to occupy my time. Enough was enough.

I had movies, computer, games, forums, friends, etc, but it wasn't enough to then fill the huge hole I was feeling. People need a purpose that occupies their time, whether a cause, a hobby, or a job/career, etc, whatever.

This is a personal choice. NO one can make this up for you. You either feel it, or you don't. But it's up to you to FEEL it in reality.
Anonymous Coward
User ID: 76383507
United States
08/25/2020 12:23 AM
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Re: Should I Retire?
Remember you SS is based on the what you made in the last 5 years before retirement...
 Quoting: Southern man 75098604


Wrong.

[link to www.ssa.gov (secure)]
 Quoting: Anonymous Coward 76383507


It amazes me that people pay into social security their whole lives and don't understand, or bother to look up, how their benefits are calculated. I have an aunt who seriously believes that social security is based off of your highest two years of income. I have no idea where she came up with that.
Anonymous Coward
User ID: 79303048
United States
08/25/2020 12:23 AM
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Re: Should I Retire?
the first five years are hell.you dont have a clue and you are bored all the time.
i finally got into gardening and its awesome.it gives you a focal point.something to justify getting out of bed.a complete move and retirement takes work.
i despise moving.
almost as much as i despise resumes'
CUB4DK

User ID: 79119989
Canada
08/25/2020 12:42 AM

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Re: Should I Retire?
fuckyeah5
CUB4DK
M R E

User ID: 71630411
United States
08/25/2020 12:48 AM

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Re: Should I Retire?
I am 55, will be 56 soon. I can take early retirement now. I would get $3800 a month without our insurance, $2100 with insurance.
Been laid off for 2 months now, collecting unemployment and using my savings.

I have no debt, my bills are about $1200 a month.

I could go back to work making about $48 an hour if I can find work.
 Quoting: kdog82


Take it while you can, just make sure to stay active!!

6 more years you can get early SSI, enjoy life for a change and if you don't like it you can go find another job, hopefully!

hf
would rather have it & not need it then need it & not have it
P.L.U.R.

User ID: 77780715
Canada
08/25/2020 12:50 AM

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Re: Should I Retire?
I work in a unionized workplace. I'm a young guy but most of my co-workers are your age. It's sad because a fair number of them die before retirement, or they die shortly thereafter. Sometimes it's a result of drugs or alcohol, but more commonly it's health problems associated with long-term factory work.

Many of the guys I work with have had enough of the job and are set financially, but they keep on working. Some don't know what to do with themselves once they retire, and others would miss the social aspect of it. Some like the routine.

My advice is, if you can afford it and you're ready to call it quits, go for it but keep yourself occupied and busy with things you enjoy. Don't sit at home and drink all day like some of these guys end up doing.

If you can do things you love, I think you will really enjoy yourself and be much happier. You earned it, after all!

Last Edited by P.L.U.R. on 08/25/2020 12:54 AM
Noted GLP Authority
M R E

User ID: 71630411
United States
08/25/2020 12:51 AM

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Re: Should I Retire?
This is highly personal depending upon your likes. I can offer the following:

I am the kind of person that wants to retire at the first moment available in life - so I say. Not that I don't like working, only that I don't want to invest a single minute more than necessary within my life. That said, I was laid off for upwards of two years in my life, before I could find employment.

For the first twelve months, life was great. Bills were paid, I could do anything I wanted day to day. Next six months, life was good, bills still paid, but something was missing. The final six months, I was climbing the walls, needing something to occupy my time. Enough was enough.

I had movies, computer, games, forums, friends, etc, but it wasn't enough to then fill the huge hole I was feeling. People need a purpose that occupies their time, whether a cause, a hobby, or a job/career, etc, whatever.

This is a personal choice. NO one can make this up for you. You either feel it, or you don't. But it's up to you to FEEL it in reality.
 Quoting: Anonymous Coward 21096826


clappa
would rather have it & not need it then need it & not have it
Anonymous Coward
User ID: 77917415
United States
08/25/2020 01:05 AM
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Re: Should I Retire?
I have been working since I was 16. I am now 46 and have been working in IT for 25+ years. I have easily averaged 50-60 hours a week for the last 10+ years.

I am now burned out and have lost my passion for IT.

H1B1s are everywhere. They stick together and look out of any of them reach management. Any non H1B1 employees will slowly be filtered out while their H1B1 buddies are hired on.

People backstab, take credit for other's work, try to make others look bad, etc.

Bad managers who have no clue what you are doing and play favorites to whoever will brown nose them the most.

Not sure how to get out of IT and still make a good living at my age. Also would like to retire in 10 years or so.

Definite open to any helpful advice. Thinking about a career change, but just not sure what to do at this point and still make a good living.





GLP