Aunt Bea
SF VIP
- Location
- Near Mount Pilot
I got fired and I was lucky.@Aunt Bea how did you manage to retire at 51?
“Luck is what happens when preparation meets opportunity.” - Seneca
I got fired and I was lucky.@Aunt Bea how did you manage to retire at 51?
But what did you do for money? I know that SS won't pay before at least 62.I got fired and I was lucky.
“Luck is what happens when preparation meets opportunity.” - Seneca
It was sort of a patchwork.But what did you do for money? I know that SS won't pay before at least 62.
Rebuilding how? (sorry about the questions)It was sort of a patchwork.
I didn't need all of the money on day one.
I went from unemployment insurance to severance to dividends and interest until the crash of 2008.
After the crash when interest rates went to zero I started a controlled burn through my cash reserves until I reached 59 1/2.
At 59 1/2 I started to draw a small amount from my IRA
When I reached 62 I applied for SS and started rebuilding my cash reserves.
By scrimping and saving on things that aren't important to me.Rebuilding how? (sorry about the questions)
Oooooooh! I can identify on both accounts, Aunt Bea! Seneca also said something along the lines of, "The fates lead those who will. Those who won't, they drag".got fired and I was lucky.
“Luck is what happens when preparation meets opportunity.” - Seneca
I agree. For some people, their job was their life - after they retire they are quite bored and don't know what to do. I was blessed to retire at a fairly early age 55. It was one of the hardest but best decisions I have made. My sister is almost 70 and finally retiring. She had several concerns. I mention to her that retirement is what you make it.There are certainly many seniors that become bored after retiring because their career was most of their life including social life. What did the majority of adults mostly do before the Internet each work week night? Dinner, read a bit of newspaper, some alcohol, then hours of TV. Weekend, chores, shopping, watch TV sports. Year after year.
During my peon career between jobs, would take off for months years without unemployment, just bleeding through savings till they ran low enough I had to go back. Spent some winters skiing, some summers backpacking, springs landscape photography in flowery fields, plus much non-fiction science and technology book reading. Never taken out a loan, never debts, no dependents, no house. I very much know how to enjoy my life that rich people would envy without spending much money.
After the 2008 crash, had to work 8 years till age 69 in order to save enough to have enough plus SS to last at least 20 years frugally, comfortably. So far SS alone has supported my life the last 4 years so yes am glad I retired and much is well. Would be content to live forever.
I wish my sister would retire; but, she says it's more work being at home. lol A few of my teacher friends retired at age 55. They love retirement. I early retired at 62.I agree. For some people, their job was their life - after they retire they are quite bored and don't know what to do. I was blessed to retire at a fairly early age 55. It was one of the hardest but best decisions I have made. My sister is almost 70 and finally retiring. She had several concerns. I mention to her that retirement is what you make it.