ST Alpha - "Here's the full article BTW, I hadn't read it yet when I snapped the headline. He's 57 and wants to retire at 60. -- (link)" (Reading a Post)

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In response to "Good morning -- (pic)" by ty97

Here's the full article BTW, I hadn't read it yet when I snapped the headline. He's 57 and wants to retire at 60. -- (link)

Posted by ty97 Sep 30 '24, 07:23

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https://www.marketwatch.com/story/i-have-2-5-million-and-still-have-an-irrational-fear-that-ill-never-be-able-to-retire-00611ee1?mod=home-page (www.marketwatch.com)

Responses:

“Reasonable lifestyle” is the big question there. - znufrii Sep 30, 07:28 25
- They estimate their annual expenses (including the health insurance cost) to be 70K - ty97 Sep 30, 07:29 24
  - That would be low for us. And we have no debt. We have an advisor who pointed out people generally spend more in retirement. -- nm - zunk takes things literally Sep 30, 08:06
  - It all does sound pretty reasonable, reading the article. Dude just needs a spreadsheet (or six) to get it all organized. - znufrii Sep 30, 07:34 22
    - I can't imagine retiring at 60. Can you imagine being able to retire at 60?! -- nm - ty97 Sep 30, 07:36 21
      - Everyone's different here, but I wouldn't want to retire then. I hope I can work into my early 70s. -- nm - David Sep 30, 08:12 4
        
        I've had this discussion with friends. If you enjoy what you're doing, keep doing it (even if you don't have to). - zunk takes things literally Sep 30, 08:23
        
        I'm starting to realize more and more that I certainly will have to do something. Can't just sit around. -- nm - Volnelk Sep 30, 08:17 2
        
        You don't need to. Plenty of organizations out there just desperate for volunteers. -- nm - Meg Sep 30, 08:21
        
        I hope I never learn what it's like to be afflicted by the need to always be busy :) -- nm - con_carne Sep 30, 08:19
      - I'm retiring at 55. -- nm - Volnelk Sep 30, 07:51 6
        
        Nice! -- nm - Krusty Sep 30, 08:03
        
        Curious, do you get a pension? -- nm - ty97 Sep 30, 07:56 3
        
        Yep. I forget the math but I'm at 28 service years. I've been paying into it my whole career. When you go out determines your % payout. -- (edited) - Volnelk Sep 30, 08:12 2
        
        A) very cool that you are in a job that still has a pension B) that timing makes complete sense - ty97 Sep 30, 08:19 1
        
        Yep. "Retire/Rehire" is an option. They hire me back at a fraction of my salary as a "new" employee. But my salary is along with my pension. - Volnelk Sep 30, 08:23
        
        I switched too late to do that. I'm at least to 62. -- nm - Reagen Sep 30, 07:52
      - I don’t have to imagine, I’ve got spreadsheets. -- nm - znufrii Sep 30, 07:42 4
        
        I have spreadsheets upon spreadsheets but they can't predict the future! -- nm - ty97 Sep 30, 07:46 2
        
        No, but you can model out a scenario based on reasonable assumptions -- (edited) - znufrii Sep 30, 08:00 1
        
        Yeah I guess - ty97 Sep 30, 08:03
        
        I don't believe the spreadsheets even though they were right about college -- nm - oblique Sep 30, 07:45
      - I want to retire *NOW*. -- nm - JaxSean Sep 30, 07:36 3
        
        oh sure, but can you imagine being in the financial position to retire at 60 -- nm - ty97 Sep 30, 07:38 2
        
        It's a goal of mine. Not sure I can make it, but it's fun to dream. -- nm - Barony Bunch Sep 30, 07:39 1
        
        Dreaming is good! -- nm - ty97 Sep 30, 07:40

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Here's the full article BTW, I hadn't read it yet when I snapped the headline. He's 57 and wants to retire at 60. -- (link)

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