From retirement calculators to free tax assistance, AARP has the member benefits you need. Explore today.

Reply
Bronze Conversationalist
0
Kudos
832
Views

Re: Retiring early - share your experience! Please!

832 Views
Message 21 of 151

Gee, Ron Mesnard, too bad you have to take a lot of drugs to stay alive-perhaps if you'd taken better care of yourself in your, uh, better years, that might not be the case..!  Am NOT an RN and never claimed to be.  The job is too grisly for me.  Oh, and you'd better either check your spellcheck-or learn to spell...

Report Inappropriate Content
0
Kudos
832
Views
Frequent Social Butterfly
0
Kudos
829
Views

Re: Retiring early - share your experience! Please!

829 Views
Message 22 of 151

@aa7218859, you sound very ignorant for an RN.  Those lies are likely scientific facts. Statistically statins put years onto your life but not everyone cares to live as long as they could.  You appear to be one of them.  Please don't preachg foolishness to me.  I plan to live a long confortable healthy life and I will need to take plenty of drugs to do so. 

 

There is almost no way a vaccine will hurt you other than an illergic reaction to what the vaccine was added to so it could be dispensed. It is typically an egg white product. I know 2 persons who died needlessly because they didn't get the pneumonia vaccine.  I think they were fools like you and who would still be alive if they were not so ignorant or foolish.

 

After proving yourself an idoit, I couldn't take your thoughts on the planet seriously.   

 

 

Report Inappropriate Content
0
Kudos
829
Views
Conversationalist
0
Kudos
838
Views

Re: Retiring early - share your experience! Please!

838 Views
Message 23 of 151

        I became retired due to disability with blind l eye & weak L arm.   As RN know nutritional health necessary  as pollution has depleted us so much.   Pharmacy & vaccines too much fraud & lies & 

disease promotion.   Wish able to reach more folks to ditch chemo cholesterol & all the other big $

lies.   Preserving the planet so important ,need everyone engaged seriously & spreading word of all

positive efforts.

Report Inappropriate Content
0
Kudos
838
Views
Info Seeker
0
Kudos
904
Views

Re: Retiring early - share your experience! Please!

904 Views
Message 24 of 151

The first thing I read after I retired was "The Joy of NOT WORKING"  (ISBN-10: 1580085520, ISBN-13: 978-1580085526).  Don't think for an instant that chasing white golf balls will complete your days and make your feel worthwhile, you need to have a bigger and more challenging plan.  Operative word there is 'plan'.  Understanding that 'leisure' takes effort is the first step.  I won't go as far to say this is the most punctuating book I've ever read, but certainly gave me direction on where to start looking and take those first few steps into enjoying life outside the work environment.


@pattyecallingwrote:

I am planning on retiring in April 2018 when I turn 62. I have worked for the same employer for 33 years and am fortunate enough to have a decent retirement. I won't be doing a lot of travelling or buying a new car but I should be comfortable, making a little more than I am working!  I have 3 grandchildren that I really want to spend more time with before Grandma isn't "the bomb" anymore, be a little more involved in my church, and open to other things. But after just taking a week off from work, I'm afraid I will be bored.  I'm so used to having a specific purpose every day; I'm used to being surrounded by great people with lots of laughs (lots of crap too!) and great working relationships.  I am not a highly motovated person and am afraid I'll spend way too much time in front of the TV, especially in the winter months!  I really don't want to work any more.  33 years is a long time to give to one organization. It's now time for ME.  (Besides, I can't keep up with the changes in technology and all the young people around me).  My retirement is all contingent on what Trump does with health care and economy.  I have budgeted a nice monthly sum for insurance premiums but it may not be enough or change over the next three years until I can get on Medicare.  It all frightens me. I'm a single woman supporting myself.  Anyway, would love to get some feedback. Thanks.




 

Report Inappropriate Content
0
Kudos
904
Views
Frequent Social Butterfly
0
Kudos
1060
Views

Re: Retiring early - share your experience! Please!

1,060 Views
Message 25 of 151

Well that is the way of the world.   You can't help getting angry but that will only hurt you. 

 

Over 60% of the persons let go in the NYC area in 2008 were over 50.  Just try to get a descent job!  It is way rougher over 60.  Then they bring out the shot guns.

 

I tried reporting obvious age discrimination.  Eventually, I learned to lie.  Once they like you, they don't care that you lied and long as you didn't lie on a legaly binding form.  Then you get fired.  They don't use the legaly binding paperwork in the hireing process at least where I was hired. 

Report Inappropriate Content
0
Kudos
1060
Views
Frequent Social Butterfly
0
Kudos
871
Views

Re: Retiring early - share your experience! Please!

871 Views
Message 26 of 151

@ccncee, great story!  It is nice to hear some people 'lucked out'.  You didn't need fraud to get cleaned out in 2000.  I lost 80% in a day.  Some companies, even huge, ones went belly up.  Those are total losses.  I will say the stocks I picked came back eventually.  Some took 5 years but I was able to break even.

 

In 2008 I thought I had it all figured out, big mistake!  I got in before 6 AM to work and would do a quick check of the world stock markets.  I sold when the market opened.  Much to my surprise, the sales were not executed until COB when they hit all time lows. Brokerage firms always do that so they can amass all the sales of a particular stock.  There are prices for 1, 10, 50, 100, ect bundles of a stock.  You get savings on bulk.  They will bundle 100 sales of 100 shares of XYZ into 1 10,000 share package.  They get the 10,000 share rate and charge you with the 100 share rate and pocket the difference.  They make millinon while their clients lose hundereds of millions because of their tactics. NEVER sell during a crash!

 

I had a rough go of it but never had to dip into my IRAs.  We did clear out all our other savings a few times.  Many of my friends also had to pay penelties but none lost their house.  Eventually everything straightened out and they only paid some penalities.  I feel sorry for the millions who lost their house because they didn't have IRAs or 401ks to rob.  That was the real problem with the mortgage crisses and that was never fixed with D-F. What they did was add 35 of legalize to the existing 5 or 7 pages.  Could they honestly believe the intended audiance could understand that crap!  One sentance was over a page long!  No they were paid not to fix anything then went about 'fixing things' in a way that could never work.  I refinanced 2 years back and they could have cared less what I had as assets.  I suspect they couldn't ask by law.  That is the problem.  I don't know if the Republican fix is any better than Dod-Frank but I doubt that it could be worse.  It is all about politics and not about protecting our citizans.

Report Inappropriate Content
0
Kudos
871
Views
Social Butterfly
1
Kudos
792
Views

Re: Retiring early - share your experience! Please!

792 Views
Message 27 of 151

Hi pattyecalling - I had a great job and was planning on retiring at age 56 with 31 years of service. The company was going through a series of downsizings annually so those nearing their 30 year anniversary were nervous every year. Sure enough, 7 months short of my 30 year anniversary I was notified. Luckily, I'd been saving up for my retirement and had 3 IRAs, a money market with enough savings to live on for 7 months + a retirement savings plan and a pension (although because I didn't make 30 years I'd only get 87% of it each month when I reached age 62). The company had a good separation plan, too, so I wasn't too worried. Since this company had been the largest employer in the city, there were not too many jobs to be had, so I made the decision to use the separation funds to live off of for a year while I went through everything in my house and checked the real estate market to see if it was a good time to sell and move. I also took some courses, since the company had a tuition package as part of their separation plan.

 

I sold the house and moved 4 states away into an apartment figuring I still had my 7 months of living income in my money market fund, so could settle in, find a job, look for a house - and then the first recession hit, plus I found out the financial planner I'd had on one of my IRAs had been committing fraud and was going to prison. Between those 2 things I lost 1/3 of my savings and couldn't find a job. I ended up having to use some of the cash I'd put aside from the sale of my house to use to buy a new house to live on. It took a year of looking at house before I decided to get what I wanted I'd have to build. I found a builder to work with me as long as I promised 30% down. Since it cost less to buy a lot and build by moving west a few counties I moved again, found the lot and just when I was closing on the house the 2nd recession hit. I lost another 1/3 of my retirement savings + because I'd started taking money out of my 401k before age 59.5 I was accessed a 10% tax penalty. Talk about being scared!

 

Luckily I found a job and could stop taking money out of my 401k for most of the next year. Still I had to pay a 10% penalty on what money I did take out of my retirement savings that year, too. In the meantime I'd started crafting and selling some vintage items I had to make some money. That year I turned 59.5, so I'd no longer be penalized for drawing my retirement money.

 

I've always had a quizzical mind and been an avid reader, so had no problem starting up conversations with people. I made new friends no matter where I moved to and became involved with AARP volunteers in several capacities, as well as opening a booth at a crafters' mall. I also designed and worked on all the garden beds I wanted to surround my new home. After 10 years, its almost done. I have no problem keeping busy without any family, kids, grandkids, etc. Oh, yes, then there's the trilogy I'm writing in my 'spare' time.

 

What did you like to do as a child? There are so many activities to choose from. You can start as a volunteer doing something to see if you like it, then go from there. Or, look online or at bulletin boards for courses you're interested in. Try making pottery, knitting, crocheting, quilting, floral arranging, painting, coloring books, scrapbooking, taking day trips, arrange a neighborhood get-together, catch-up with reading some books you always wanted to read. Before you know it, you'll wonder how you ever had time to work with everything you have going on in your life now. Above all - HAVE  FUN !!!

Cee
Report Inappropriate Content
1
Kudos
792
Views
Info Seeker
0
Kudos
940
Views

Re: Retiring early - share your experience! Please!

940 Views
Message 28 of 151

I understand your anger.  In recent years, it has become fairly common for older workers to be either effectively forced into early retirment, or let go, ostensibly as part of a "re-organization".  There seem to be a lot of upper management people who view older employees as either or both more costly to keep (higher salaries generally) and less efficient/effective.  I hope that you will be able to get past your anger.  

Report Inappropriate Content
0
Kudos
940
Views
Info Seeker
1
Kudos
1056
Views

Re: Retiring early - share your experience! Please!

1,056 Views
Message 29 of 151

I had a job that I loved and did well in 2013. I planned to stay there for several more years. Then I was let go without explanation. I was 53. I wanted to work but just couldn't take any more applications and rejections. I don't care about making lots of money. All I wanted was stable employment and to be treated fairly. I am not sure such a thing exists, so I am opting to not look for work anymore. 

 

Although I am still very angry about how I was let go from my previous job, being semi-retired has been great. I work part-time and temp jobs when I feel like it. Being frugal comes naturally to me, so finances have not been a problem. It also helps that I have some rental income. The duplex that my husband and I own brings in about $1000 a month net gain and is very little work.

 

I mostly spend my time on my hobby, which is saving the world. In specific, transitioning to a sustainable economy. There is so much to do, I will never get bored!

Report Inappropriate Content
1
Kudos
1056
Views
Info Seeker
0
Kudos
1540
Views

Re: Retiring early - share your experience! Please!

1,540 Views
Message 30 of 151

We both retired at 63 after multiple careers; myself from the Air Force, then the transportation industry, and my wife from an accounting-related business. We lived below our means and and began saving shortly after marriage, starting with CD's, then moving funds into IRAs when that program became available. We always increased our savings rate upon any wage/salary increase as well as pumping funds into employer-sponsored 401k plans and Roths. As a result, we never took on long-term debt, except for real estate which was paid off early, and almost always paid cash for most other major purchases. Self-discipline and keeping wants to a minimum were major factors enabling this.

 

We still managed to own and sell multiple primary residences over the years as we relocated numerous times while I was in service. I began early draw of SSA at 63, and my wife started Spousal benefits at 66, delaying her full draw until 70. With these income sources, including my service pension, our annual gross is virtually unchanged from before retiring.

 

With our due diligence, despite the devastating market corrections, we both clocked out of the job market, holding in excess of our "magic number", living better than before, and now are full-time RV snowbirds with no anchors holding us down, and no financial burdons or worries.  We enjoy seeing friends and family and the country, and we both feel healthier than ever and look forward to many more years of retirement.

Report Inappropriate Content
0
Kudos
1540
Views