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Feb 9 15 8:10 PM
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Feb 10 15 6:20 PM
A perfect Monster has no end...
Feb 10 15 8:02 PM
Feb 10 15 8:47 PM
Feb 10 15 8:51 PM
Feb 10 15 9:50 PM
Feb 10 15 10:00 PM
Feb 10 15 10:09 PM
Feb 10 15 10:11 PM
Can I assume that you are now able to make as much as you want without it affecting your pension incomes?
I don't know for sure of course, but I'd think that no matter your age some "character" things may continue to be available, and as long as you keep up your contacts and make it known that you "might" be interested, doing what you do may mean you never have to totally "retire" if you don't want to.
It's a free-lance sort of business anyway isn't it?
I think one thing we all face is fear of being seen as "quitters" or "irrelevant", I know I think about that. And of course for most jobs/professions, once you're done, you're done.
But maybe for you it doesn't have to be like that?
Feb 10 15 10:22 PM
Feb 10 15 10:33 PM
Lady Tottington wrote:Rick---You very obviously need a break and you are tired.
Then---make 3 appointments. One, with your doctor to see if there are any issues which are making you tired. Second, with an accountant to be very sure that a very secure financial future is yours. ...Finally, speak to either that accountant or to a union rep. See if your retirement income is affected if you do choose to take a job---any job. S
When you have all these points covered, you then make a decision. But--fair warning---you cannot go from being super active and outgoing, traveling all over the place and being with people to suddenly sitting in your apartment. Books and movies are fine, but only to a point. You have to have something to do. Some folks volunteer. Some take a new career. We smile indulgently at the old guys who work as "greeters" at Walmart, but I fully understand that they need to get out, be with people and feel useful. Unless you have a plan, retirement will slam into you like a locomotive. My husband spent 35 years as a nursing home administrator. He was president of the Nursing Home Association for Nassau and Suffolk Counties. He couldn't just change gears, but he just slowed a bit. Now he works shorter hours and only 4 days a week, as a college professor. When there is a break between semesters, he is happy for the time off and when it is time to go back to classes he is even happier!!! He gets very bored. One last warning, many of your friends will sort of fade away. It is not that they are bad folks, but that they are busy and you no longer are a part of their world and share their problems. You have to be prepared for that and have other, non-professional, friends.
I wish you good luck and hope that your decision is the right one for you.
Feb 10 15 10:44 PM
Feb 10 15 11:29 PM
Feb 10 15 11:40 PM
The thing about retirement is that it's always what I've wanted to do -- not have to work, keep my own hours, do what I want. It's the way I've always lived -- except it was constantly being interrupted by the evil necessity of employment.
I'm with you, Rick. I have a lot of other things I'd like to be doing which wouldn't necessarily pay me -- creative endeavors that are good for the soul but might not be remunerative. The old saw "do what you love, the money will follow" is a good one if you can hold out long enough for that promised cash.
I'm eligible for retirement but I'd only get the minimum and that's not enough to live on. The age 66 payments are better but still not quite enough. Even full retirement doesn't quite put me where I'd like to be. So, I'm formulating ideas that would provide me with multiple streams of income, none of which would do the trick alone but together would cover the deficit.
I have a small 401K to draw on and some things to sell, if needed, though I'd like to hold on to my various collections for my kids to do with as they please. I inherited nothing from either of my parents and don't want that repeated. I've considered a reverse mortgage, too, as a way to generate income later. Writing has provided a little money and I hope to increase my opportunities and output. I'll do that whether there's any money in it or not. My filmmaking days are probably over but, who knows, maybe there's one more project in the future?
Feb 11 15 2:10 AM
Feb 11 15 10:46 AM
Rick wrote:Bringing this back now, from 5 years ago, because the subject of retirement is all over my brain these days. I turned 65 just a couple of weeks ago (please, hold your applause), and that meant one more year till my planned retirement. For years now I'd planned to retire as soon as the Social Security payments start at age 66. But, now... I might have to jump the gun. [...]
Feb 11 15 11:32 AM
Feb 11 15 11:42 AM
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