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Post by flearider on Nov 11, 2021 7:10:18 GMT
i'm 55 ..house is nearly paid .. and my blood line doesn't live beyond 65 to any great extent ..
so thinking or wrapping it up early at 60 may do 20hrs a week or so till full pension kicks in .. .. give myself a few yrs before the great sleep ..
is it wrong ?
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Post by ratty on Nov 11, 2021 7:16:27 GMT
i'm 55 ..house is nearly paid .. and my blood line doesn't live beyond 65 to any great extent .. so thinking or wrapping it up early at 60 may do 20hrs a week or so till full pension kicks in .. .. give myself a few yrs before the great sleep .. is it wrong ? I retired at 62 .... got tired of trying to keep up with Micro$oft changes to their operating systems (I was in systems and applications support.) Now seventy-six. SFSG. |
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Post by glennkoks on Nov 11, 2021 11:30:42 GMT
To the best of my knowledge you are only on this earth once. Retirement is supposed to be like your second childhood. I say if you can financially maintain a decent quality of life that allows you to do what you want within reason GO FOR IT!
Key is to stay active both mentally and physically. Find a hobby that you enjoy and get after it.
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Post by Sigurdur on Nov 11, 2021 11:42:14 GMT
i'm 55 ..house is nearly paid .. and my blood line doesn't live beyond 65 to any great extent .. so thinking or wrapping it up early at 60 may do 20hrs a week or so till full pension kicks in .. .. give myself a few yrs before the great sleep .. is it wrong ? I retired at 67. Sort off. I have a hobby farm, 320 acres of potatoes. Formed a Corp with a partner. |
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Post by nemesis on Nov 11, 2021 11:59:13 GMT
I dont believe anyone on their deathbed has said "I wish I had spent more time at the office".
Reckon the time to retire is when time becomes more important than the money.
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Post by gridley on Nov 11, 2021 13:31:28 GMT
i'm 55 ..house is nearly paid .. and my blood line doesn't live beyond 65 to any great extent .. so thinking or wrapping it up early at 60 may do 20hrs a week or so till full pension kicks in .. .. give myself a few yrs before the great sleep .. is it wrong ? Consider your financial situation. OK your house is nearly paid off, but how much are your property taxes? How much do they go up each year? How much do you pay for groceries? How much have they gone up in the last few years? Repeat for each of your expenses. Look out twenty (or, if you're convinced you don't have long, ten) years and ask how you'll pay those inflated bills. If you can pay them, retire. If you can't, keep working. |
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Post by missouriboy on Nov 11, 2021 14:35:41 GMT
i'm 55 ..house is nearly paid .. and my blood line doesn't live beyond 65 to any great extent .. so thinking or wrapping it up early at 60 may do 20hrs a week or so till full pension kicks in .. .. give myself a few yrs before the great sleep .. is it wrong ? All good advice I'm seeing in these replies. From another perspective, I remember my related womenfolk talking about those (largely men) who retired, and then set down and died. Women largely never do that, as they seem to be in go mode their whole life. They would look at me and say ... "Ya gotta keep moving". They all outlived their men. They also said ... do what you love if you can, or learn to love what you do ... and do it well. All good advice from those largely transplanted, Celtic womenfolk from old Albion. I got the impression that you are a fisherman Flea. I got the impression that you liked it? I am not, but imagine that it is an artform in its own way ... as well as exercise, enjoyment and a source of food. Can you catch and sell? Or does the UK system prevent that? I walk, garden and landscape ... but need to adopt some more intensive, whole-body exercise. I used to wander wild places because they where there and I wanted to. Not so much anymore. If you can pay the bills with something left for yourself, maintenance and emergencies, both now and in the foreseeable future, then you're good. Remembering the old maxum ... ya pays your money and ya takes your chances. The fish have been here a lot longer than we have. Show your sons that the bloodline can live longer.  |
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Post by flearider on Nov 11, 2021 16:32:13 GMT
i'm 55 ..house is nearly paid .. and my blood line doesn't live beyond 65 to any great extent .. so thinking or wrapping it up early at 60 may do 20hrs a week or so till full pension kicks in .. .. give myself a few yrs before the great sleep .. is it wrong ? All good advice I'm seeing in these replies. From another perspective, I remember my related womenfolk talking about those (largely men) who retired, and then set down and died. Women largely never do that, as they seem to be in go mode their whole life. They would look at me and say ... "Ya gotta keep moving". They all outlived their men. They also said ... do what you love if you can, or learn to love what you do ... and do it well. All good advice from those largely transplanted, Celtic womenfolk from old Albion. I got the impression that you are a fisherman Flea. I got the impression that you liked it? I am not, but imagine that it is an artform in its own way ... as well as exercise, enjoyment and a source of food. Can you catch and sell? Or does the UK system prevent that? I walk, garden and landscape ... but need to adopt some more intensive, whole-body exercise. I used to wander wild places because they where there and I wanted to. Not so much anymore. If you can pay the bills with something left for yourself, maintenance and emergencies, both now and in the foreseeable future, then you're good. Remembering the old maxum ... ya pays your money and ya takes your chances. The fish have been here a lot longer than we have. Show your sons that the bloodline can live longer. love to fish .. but would not keep us fed .. lol .. exercise wise .. your doing that every 20 mins or so .. money wise .. £500 a month will pay whats needed thats why 15-20 hrs a week working till full pension kicks in .. yeah i like what i do but it's a young mans game ..  |
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Post by phydeaux2363 on Nov 11, 2021 17:45:43 GMT
Give it some thought and do a budget, Mr. Flea. If it works that you can make it on 20 hours a week work until pension kicks in, go for it. As everyone above correctly implies, find a hobby and enjoy life without the daily grind for the first time in decades. I took "of Counsel" at 67, mostly because I no longer had the mental quickness to keep up with the kids in my firm and on the other side. Now I manage a small wildlife reserve, keep bees, and take long walks on the beach with the Frenchie, where we monitor the seasonal changes in tides and the avian fauna. Oh, and I work on my wine and whiskey collections (from both the collection and the "tasting" side). When I'm not fixing termite damage, it's a glorious life. I hope you enjoy it, and as one poster said, start to push the longevity curve for your family. I'm now older than either of my parents and three of my grandparents when they passed.
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Post by nonentropic on Nov 11, 2021 18:02:31 GMT
retire at 42 sold business lasted 6 months did it again and pulled back 55 lasted 4 months have just sold my latest business at 65 have 2 new projects on the go one in NZ one in Australia both exploration based (geothermal He, plus Oil and Gas) I enjoy the process the hunt and the sitting around in silly places chatting with folk.
Here's one for Ratty, some years ago doing a geochem survey spent a week in a place call Goondiwindi NSW and QLD border we drank $10 Australian red for hydration it was 32C. It was so different from anywhere I have ever been. Also spent a month in Odessa TX pulling kit together for a drilling rig, man there were "interesting folk". I want to die doing that stuff to the end.
Just had 3 days fishing on a boat it was hot and hard on the body my fingers hurt from filleting and setting/releasing hooks etc I now need a rest from that and have been writing up our next projects for the funding rounds.
Interesting little aside had a beer with a friend and a man who spent his life fighting CAGW through IPCC etc a Prof from Victoria Uni he is fully convinced we are doomed, retired recently but utterly certain of it.
We all need to be clear we could be wrong in our assertions that CAGW is a fiction. It also defines the difference between a religion and a scientific process. Just for clarity I remain unpersuaded we are doomed but reserve a material probability that it could be real. (Currently P <.05)
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Post by flearider on Nov 11, 2021 20:39:24 GMT
retire at 42 sold business lasted 6 months did it again and pulled back 55 lasted 4 months have just sold my latest business at 65 have 2 new projects on the go one in NZ one in Australia both exploration based (geothermal He, plus Oil and Gas) I enjoy the process the hunt and the sitting around in silly places chatting with folk. Here's one for Ratty, some years ago doing a geochem survey spent a week in a place call Goondiwindi NSW and QLD border we drank $10 Australian red for hydration it was 32C. It was so different from anywhere I have ever been. Also spent a month in Odessa TX pulling kit together for a drilling rig, man there were "interesting folk". I want to die doing that stuff to the end. Just had 3 days fishing on a boat it was hot and hard on the body my fingers hurt from filleting and setting/releasing hooks etc I now need a rest from that and have been writing up our next projects for the funding rounds. Interesting little aside had a beer with a friend and a man who spent his life fighting CAGW through IPCC etc a Prof from Victoria Uni he is fully convinced we are doomed, retired recently but utterly certain of it. We all need to be clear we could be wrong in our assertions that CAGW is a fiction. It also defines the difference between a religion and a scientific process. Just for clarity I remain unpersuaded we are doomed but reserve a material probability that it could be real. (Currently P <.05) doomed ... we are at that but not from heat .. if there are a million people left in a few hundred yrs i'll be surprised . |
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Post by missouriboy on Nov 11, 2021 21:00:26 GMT
retire at 42 sold business lasted 6 months did it again and pulled back 55 lasted 4 months have just sold my latest business at 65 have 2 new projects on the go one in NZ one in Australia both exploration based (geothermal He, plus Oil and Gas) I enjoy the process the hunt and the sitting around in silly places chatting with folk. Here's one for Ratty, some years ago doing a geochem survey spent a week in a place call Goondiwindi NSW and QLD border we drank $10 Australian red for hydration it was 32C. It was so different from anywhere I have ever been. Also spent a month in Odessa TX pulling kit together for a drilling rig, man there were "interesting folk". I want to die doing that stuff to the end. Just had 3 days fishing on a boat it was hot and hard on the body my fingers hurt from filleting and setting/releasing hooks etc I now need a rest from that and have been writing up our next projects for the funding rounds. Interesting little aside had a beer with a friend and a man who spent his life fighting CAGW through IPCC etc a Prof from Victoria Uni he is fully convinced we are doomed, retired recently but utterly certain of it. We all need to be clear we could be wrong in our assertions that CAGW is a fiction. It also defines the difference between a religion and a scientific process. Just for clarity I remain unpersuaded we are doomed but reserve a material probability that it could be real. (Currently P <.05) We should all be careful about drinking too much of our own koolaid. In the 7th Century, the peoples of Mediterranean Europe were building back from the decline of Rome and the settling in of new landlords (the Germanic tribes). Things looked good. Commerce was expanding. Then real doom appeared in the form of Saracen slavers, who within 2 or 3 generations decimated most of the Mediterranean. They knew what manmade doom really looked like. |
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Post by birder on Nov 11, 2021 22:19:42 GMT
I retired at 52 because I was made redundant but had a decent redundancy payment, I thought I might have to start working when it ran out but have managed OK, I've kept busy with my hobby of birdwatching for the last 23 years. Best thing I ever did, I'd recommend it.
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Post by missouriboy on Nov 11, 2021 22:56:32 GMT
I retired at 52 because I was made redundant but had a decent redundancy payment, I thought I might have to start working when it ran out but have managed OK, I've kept busy with my hobby of birdwatching for the last 23 years. Best thing I ever did, I'd recommend it. We have many birds here as well. Lots of cardinals, migratory hummingbirs and wood peckers (among others). I added squirrels to my list. They are very entertaining when they aren't stealing my peaches. Reminds me that I need to stock up on birdseed for the winter. I cut down some invasive small trees and piled them up into brush piles for winter shelter. |
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Post by youngjasper on Nov 12, 2021 2:00:47 GMT
I "retired" too early. I did keep busy with investments, small projects, and family matters. But when an opportunity came along for a new "job," I took it. Working for free right now, but having a blast. Working with a life-long close friend on a major project. If we are successful with it - great. If not, we've both had a wonderful time working together. The decision for anyone is more of a quality-of-life consideration in conjunction with financial well-being. I also agree to think in terms of extending your longevity of the family blood-line. The mental part is important. There is much information and tools to utilize in this regard. I wish you nothing but the absolute best!
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