Author Topic: Early retirements in your area? (Read 656 times)

Questor · « **on:** October 05, 2009, 04:16:08 AM »

A couple of my buddies decided it was just not worth staying in the job market so they took early retirement. Do you know anybody who has done the same?

Brett · « **Reply #1 on:** October 05, 2009, 04:54:06 AM »

You mean voluntarily?

Questor · « **Reply #2 on:** October 05, 2009, 05:05:33 AM »

I mean semi-voluntarily. They couldn't find jobs and decided to just get out of the market. They would have taken jobs if they could find them.

bobg · « **Reply #3 on:** October 05, 2009, 05:53:00 AM »

I retired at 62. Make about the same on social security as i did working. I had health insurance when i worked. No longer have any. Don't think i would do it again if i had to do it over.
bobg

crustaceous · « **Reply #4 on:** October 05, 2009, 06:47:23 AM »

No early retirements but there has been several suicides.

MGMorden · « **Reply #5 on:** October 05, 2009, 07:13:38 AM »

I don't know of anyone doing it voluntarily. Several here where I work when the budget problems hit due to the recession were basically told that they needed to retire or they'd be let go.

If I can help it I'm planning on working past my retirement from this job anyways. I started here pretty young and am scheduled to be retiring at age 51, which (hopefully) gives me way too much time past that age to be living on a retirement check alone. Assuming gas prices and government regulations haven't destroyed the private aviation industry by then I'm hoping to finish out my days as a part time flight instructor

.

Yankee1 · « **Reply #6 on:** October 05, 2009, 07:50:55 AM »

Hi
I was offered early retirement 1year before I was 65.
They also offered 400.00 a month extra on top of my retirement for the rest of my life if I accepted. I accepted. That was eleven years ago.
I never regretted it.
Yankee1

Questor · « **Reply #7 on:** October 05, 2009, 08:18:50 AM »

Crustaceous:

Suicides? Really? Do you know why?

zacharoo · « **Reply #8 on:** October 05, 2009, 09:27:35 AM »

Retired 6 years ago at 52 was disabled after 32 years in the salt mines for Morton Salt. Am on Social Security Disability. So far have been able to make ends meet. But in the United States Socialist Republic of Obama WHO KNOWS WHAT WILL HAPPEN NEXT!!!! Keep your guns and your Bible close to you.

Zacharoo

Bigeasy · « **Reply #9 on:** October 05, 2009, 09:49:55 AM »

Retired this year at 50, with 30 years law enforcement. Could have stayed till 58, but figured why? When I got into this field, retirement at a relativly young age was one of the things that was attractive to me. Figure at least 10 or so good years to enjoy hunting and travel before all the old aches and pains start. I see to many guys work until their 65, then retire and die. No matter what age though, you have to keep active. If you just sit around, you will just go nuts.

Larry

crustaceous · « **Reply #10 on:** October 05, 2009, 02:20:33 PM »

2 suicides of people I know in the last 4 months.
One an unemployed carpenter- could be alcohol related
One a small business owner that was in financial trouble- had school age children.
Were there other issues? Could be, but I believe the economic situation had at least something to do with it

mirage1988 · « **Reply #11 on:** October 05, 2009, 03:17:18 PM »

A guy I used to work with died suspiciously last christmas break. He was going thru a nasty divorce and had mentioned suicide. Died on his couch, wasn't found for almost a week. Sad.

1marty · « **Reply #12 on:** October 05, 2009, 03:28:48 PM »

I work for a large financial institution. I'm turning 66. I've tried everything to get layed off so I could collect my 8 months of severance with benifits, social security, pension and unemployment. Nothing seems to work. I filled out a survey and blasted the company-no luck. I stare out the window-no luck. I tell jokes at serious meetings-no luck. Everyone but me seems to get layed off. It's very depressing.

jhm · « **Reply #13 on:** October 06, 2009, 01:27:54 AM »

Marty you keep that up and there is a good chanch you will be getting a PROMOTION!! Then you are stuck forever. Jim

Graybeard · « **Reply #14 on:** October 06, 2009, 01:28:33 AM »

I retired at age 50 and a half I guess ya could say. It's now been 14 years and a few days since I walked out and never looked back. Retirement sure beats working for a living even if money is tight all the time.

MGMorden · « **Reply #15 on:** October 06, 2009, 03:58:08 AM »

Quote from: jhm on October 06, 2009, 01:27:54 AM

Marty you keep that up and there is a good chanch you will be getting a PROMOTION!! Then you are stuck forever. Jim

Reminds me of "Office Space" (great movie if you guys haven't seen it). The main character gets hypnotized into just not caring about his job. Starts not showing up, coming in whatever time he feels like, and just speaking his mind on all the stupid stuff wrong with the company. He gets promoted while his coworkers working their butts off get laid off

.

Questor · « **Reply #16 on:** October 06, 2009, 04:11:02 AM »

You just touched a nerve. Anybody who has ever worked in an office, particularly in computer programming, MUST watch office space. It's so funny. It's about one job that is a composite of many of the organizational quirks I've seen over the years. The boss in the movie reminds me of actual people I have known.

Sourdough · « **Reply #17 on:** October 06, 2009, 06:03:24 AM »

I retired at the age of 55. Like GB walked out and never looked back. Have been enjoying it ever since. Gives me lots of time to hunt and enjoy the outdoors. Have always been a loner, did everything by my self. So the fact I am alone most of the time is not a big issue to me, but sometimes would like to share my fun with others.

The drawbacks, all my friends are still working. The wife refuses to retire, she is only 53 now. Also claims she would have to stay home with me.

FLNT4EVR · « **Reply #18 on:** October 06, 2009, 06:19:07 AM »

I retired at 58, after working 40yrs.The last 25 of those on a night shift.It got to a point where it was getting just to painfull to do all the climbing and bull work required at my job.I'll be 61 this Dec. Just 1 more year till I can get SS.That,added to my pension will make things a bit easier.I hope.

BBF · « **Reply #19 on:** October 06, 2009, 09:15:13 AM »

Wanted to pull the plug when 55 but just could not do it financially and had to wait until 59. Those 4 years I regret to this day

charles p · « **Reply #20 on:** October 06, 2009, 09:38:37 AM »

Went out on full disability at 57. Had private disability policy and SS benefits. Kept retiree health benefits and TriCare for life from military reserve retirement. At age 60 I got my CG Reserve pension (27 yrs - went out at 0-4). Wife retired from eduction at 55 with full benefits and 30 years of service. Wife now has a small consulting job and travels about three months out of the year. Kids are out of college and on their own (almost).

We do as well in retirement as when we worked. We now live at the coast. Haven't had to turn on our SS retirement benefits yet and I have not started the pension from my last job. We are still able to max our IRAs each year. Life is good. Advice: Save early and save often. Don't know what I would have done without the disability insurance. Glad I purchased it.

1marty · « **Reply #21 on:** October 06, 2009, 05:38:26 PM »

Today I spent the morning making a chain of paper clips about 25 yards long. The boss said it was interesting. At a meeting, they asked me to come up with something innovative for a certain project, Told them if I had a great idea I'd take it to another bank and sell it. Hunting season is approaching and I'm running out of ideas to get layed off. You think this is a joke it isn't. This is the stangest placed I ever worked.

mirage1988 · « **Reply #22 on:** October 06, 2009, 05:56:12 PM »

Well Marty-
You might have to resort to the old standby- get loaded at the company christmas party and tell the ceo's wife that your wife sold the dress she is wearing at a garage sale. If that doesn't work you might as well start embezzling as much as you can get because you are obviously worth much more than they are paying you!

Cabin4 · « **Reply #23 on:** October 06, 2009, 06:05:02 PM »

Quote from: crustaceous on October 05, 2009, 02:20:33 PM

2 suicides of people I know in the last 4 months.
One an unemployed carpenter- could be alcohol related
One a small business owner that was in financial trouble- had school age children.
Were there other issues? Could be, but I believe the economic situation had at least something to do with it

Crustaceous,

Still the best avatar on GBO by a country mile!