EPDM Coatings
rvupgradestore.com Composet Products PO Box Zone
Over The Network Custom Yacht Interiors

Author Topic: What made you decide to retire early?  (Read 7421 times)

BigSkyTrailerGuy

  • ---
  • Posts: 231
  • Love your country, but fear your government
Re: What made you decide to retire early?
« Reply #30 on: August 28, 2016, 03:23:23 PM »
Almost 100% of you guys have said "Best decision I ever made."  My next CAT scan will give me an indication if I should pull the trigger right now.

Len and Jo

  • ---
  • Posts: 1175
Re: What made you decide to retire early?
« Reply #31 on: August 28, 2016, 07:03:13 PM »
Retired at age 57.  Had been planning it for 10 years.  No special buy outs.  Age was right, finances were in order, health was/IS good, lots of other things I wanted to do.  Fifteen years later and still enjoying it.  Still much to see and do.
« Last Edit: August 28, 2016, 07:04:50 PM by Len and Jo »
Len & Jo
The Green Tardis
We 'B' RVing   Berkley, Michigan
Van Development:   https://youtu.be/5Xqk_G6k95M
12 Years of Travels:  https://youtu.be/UMIf17CzdZo

gwcowgill

  • ---
  • Posts: 2243
  • Retired USAF, Retired Auto Instructor Dade Cty Sch
Re: What made you decide to retire early?
« Reply #32 on: August 28, 2016, 07:23:47 PM »
First retirement 1979 from the military, Taught school until the wife fell and broke both her legs and was in a nursing home exactly 3 days. ( She had been sick for awhile before this) I was 61 at the time and had health insurance through the military and the wife had just started collecting disability ins and became eligible for Medicare. Nursing home was really bad so I pulled the plug at 61 and 3 months to take care of DW. Haven't looked back and Am blessed with 2 retirements plus the wife's retirement and now both get SS. Not rich but have  adequate income to enjoy retirement.
2009 Bounder 36B, 2014 Honda CR-V, various grandchildren when school is out. KG4LHS
2014 Honda CRV Toad,
2014 Jeep Grand Cherokee Toad

garyb1st

  • ---
  • Posts: 2084
Re: What made you decide to retire early?
« Reply #33 on: August 28, 2016, 10:03:42 PM »
The new boss.  After 21 years as a middle manager of a Fortune 100 company, I was promoted to the head of the department.  Lot's of money and benefits.  But the position came with a significant downside.  My boss.  After a year I had enough and gave him my notice.  Turned 61 in June of 2004 and took my pension 1-1-2005.  Have not regretted it once.  While I left significant money on the table, there's no doubt in my mind that staying another 4 years would have shortened my life.  I would have had a stoke or ended up in prison for accidentally killing him.  lol. 
 
Gary B1st

2005 Pace Arrow 35G
2016 Jeep Wrangler

Quillback 424

  • ---
  • Posts: 909
Re: What made you decide to retire early?
« Reply #34 on: August 29, 2016, 01:01:04 AM »
I retired at 60 with full SS and railroad retirement because of a little bit of planning and a whole lot of luck. I also get a management retirement but, that is just icing on a pretty good, basic package.

First the planning: I knew that railroaders paid the SS rate toward retirement plus an extra 5% for railroad retirement. In addition, the railroad contributed 22% into the same retirement account for every hour I contributed the 5% and this was all held away from SS and railroad prying hands. My assumption, then, was that a railroader's retirement would be higher than a straight SS retirement.

The luck: As an 18 year old kid I hired out to the railroad to pull ties out of the deep ditches they were dumped in so the "regulars" could insert them in the track. For four months, as an "extra" I pulled out ties because it paid the best money in the small town I was from.

The following year I went into the Navy for four years.

When I was discharged, I wanted to travel and the railroad signal department was hiring, so back I went not knowing of the significance of this decision.

I learned my craft, eventually going into management and retiring in a middle management position.

When I was about 57 congress passed a law which allowed railroaders with 30 years of continuous service and 60 years of age to collect full retirement (SS, RR retirement and management retirement) at 60. After all it was our money and all accounts were fully funded.

What I didn't know, until some time into my management stint, was that the initial four months of pulling ties out of the ditch qualified to wrap my Navy time into the retirement package; there was never a year of separation between RR service, military service and again, RR service. So, wrapping my Navy service qualified me for a 40 year RR retirement credit even though I had slightly more than 35 years of railroad service.

I also qualified for a management retirement program that limited age benefits to 30 years. My initial years at another railroad were not calculated into this plan but, since I had exactly 30 years of service with my final railroad when I turned 60, would not have gained me any benefit anyway.

So, at age 60, (actually two weeks before) with not much more to gain, I retired and never looked back. Actually, 10 years later, I'm absolutely positive that I would be considered incompetent in the areas I once taught, managed and directed. And,for some reason, that is comforting.
Larry --  Olathe, Kansas
2012 Winnebago Sightseer 33C
2005 Trail Rated Jeep GC 4.7 L

"Only an insane society would restrict the liberties of healthy people based on the actions of the disturbed." 
John Hayward

dave54

  • ---
  • Posts: 177
  • Old guy. Loves being outdoors
Re: What made you decide to retire early?
« Reply #35 on: August 31, 2016, 06:26:43 PM »
I was fed up.

Retired at minimum retirement age of 50 from the feds.  I was passed over for promotion because I was the wrong sex and race.  Despite glowing recommendations from the selecting official, the top management overruled him.  I know this is true because they told me afterward.  Management said do not bother with any discrimination complaint because a federal judge ordered the hiring of more Hispanics and women.  I submitted my paperwork the following week.

I was retired for about 6 months then went job hunting.  Wife was still working, so I was outvoted 1 to 1.  Went to work for local county government and put in ten years.  Retired again with a small state pension on top of my federal pension.  Just started my SS, and have enough investment Income that all combined equals my top income while working.    So wife and I retired on the same day with no change in monthly income.  It was a no brainer. 
I never get lost.  I just have unplanned adventures.

Drifterrider

  • ---
  • Posts: 59
Re: What made you decide to retire early?
« Reply #36 on: January 25, 2017, 09:20:53 AM »
I am eligible to retire in two years.  I intend to (which is why I'm on this forum:  two years really isn't enough time to learn about RVs.).  I've lived on five continents and travelled extensively in the US and parts of western Canada via M/C.  I'm only at work today because I'm not yet eligible to retire: but I really am counting the days.

SeilerBird

  • ---
  • Posts: 10631
  • Everything I state is my opinion.
Re: What made you decide to retire early?
« Reply #37 on: January 25, 2017, 09:36:40 AM »
Almost 100% of you guys have said "Best decision I ever made."  My next CAT scan will give me an indication if I should pull the trigger right now.
Retirement has been the best years of my life. I am living the dream. ;D ;D ;D ;D
I would like to apologize to anyone I have not yet offended. Please be patient and I will get to you shortly.
Life list of birds:
https://goo.gl/photos/xuP9zPD2KP2swN1g8
2016 photos:
https://goo.gl/photos/aXQPbnVpgzNvs4Jq8
My portfolio:
https://goo.gl/photos/Cx4SaYhGfYFShSty7

dave54

  • ---
  • Posts: 177
  • Old guy. Loves being outdoors
Re: What made you decide to retire early?
« Reply #38 on: January 25, 2017, 10:46:34 AM »
I was passed over for a promotion because I was the wrong race and gender -- a white male.  My boss told me personally he was overruled by upper mgmt and they hired someone from outside that met the quotas.  I was at minimum retirement age, so I submitted my papers the following week after I ran the numbers and found I was working for about $50 per month anyway.  A no brainer.
I never get lost.  I just have unplanned adventures.

TonyDtorch

  • ---
  • Posts: 1989
Re: What made you decide to retire early?
« Reply #39 on: January 25, 2017, 12:45:22 PM »
I did the early S/S retirement at 62 and love it,  about the only down side is.... the 50% tax bracket it puts on any supplemental income.

 Every once and while I get great job offers from people I worked with,    but unless the company is going to start paying in green cash,  I'd rather take the day off again.
« Last Edit: January 25, 2017, 01:01:31 PM by TonyDtorch »

winona

  • ---
  • Posts: 147
Re: What made you decide to retire early?
« Reply #40 on: January 25, 2017, 01:07:04 PM »
Small office.  Boss was a controlling, obsessive, threw anybody and everybody under the bus, lied, plus you can add all the other adjectives you want.  I crunched some numbers, said life was too short to be miserable, and gave my notice.  The funny part was since she kept odd hours, I made 2 copies of my letter.  I kept one on my desk to hand to her should I see her and slid the other one under her locked office door, knowing unlocking it to put it on her desk would not be a wise thing to do.  She informed the personnel committee, with feigned disdain, that she had to "pick it up off the floor," of course with no other explanation.

The best thing that came with this boss from hell was wonderful retirement!  Oh how glorious.  Best days of my life!  Shoulda done it sooner!
Winnebago Trend
Dorothy and Bailey, my big loveable lab

Massmerch

  • ---
  • Posts: 162
  • It is what it is...
Re: What made you decide to retire early?
« Reply #41 on: January 25, 2017, 01:33:25 PM »
I worked at a well known big box retailer as the #2 manager...woke up one day and knew I was done with the stress of a large corporation.  I retired 8 months ago at 61.  Not real early...but not early enough.  I thoroughly enjoy being retired with my lovely wife.
Randy
2005 Itasca Horizon 40 KD
2016 Jeep Unlimited
Hesperia, Ca.

BIG JOE

  • ---
  • Posts: 493
  • Twice Retired
Re: What made you decide to retire early?
« Reply #42 on: January 25, 2017, 01:53:08 PM »
22 years in the Navy SeaBee's as a Heavy Equipment Operator. 23 years in Federal Civil Service in Aviation Fuel and Air Terminal/Cargo Logistics Management.

I loved every minute of it.. wouldn't change a thing, but [I Knew]  it  was  time  for  me  to  go. Was Turning 62, with enough Time In Service, eligible for SSB, was able to Pick and Train my successor... I Retired. Walked away with a Smile on my face, and have never looked back.

For a 17 year old kid from a small logging town in Oregon... Damn Proud of what I have accomplished in 45 years. Still makes me  ;D at times.

DW of now, 50 years.. Retired 2 years later from 20 years of Federal Service. Kids are Up & Out on their own. 9 Grand Kids.

The RV Life Style.. is what we do now.. along with a lot of activities in our local community too.

Life IS, and Has BEEN.. GOOD.  ;)  :)

 
« Last Edit: January 25, 2017, 01:58:53 PM by BIG JOE »
Joe

Tow an 016 29RS "Reflection" 5r w/Trailair pin box...with a 2012 Ford DRW, F-350, 4x4, Loaded de-Blinged Lariat CC, 6.7 Diesel.. Wife & I, Beck & Sheeka the Dogs.. And as of 5-17.. Lizzie, the Kitten in Training.

Tom and Margi

  • ---
  • Posts: 3068
Re: What made you decide to retire early?
« Reply #43 on: January 25, 2017, 02:00:26 PM »
Tom managed drug stores for a major chain listed on NYSE.  He looked at me when he was 52 and said "I don't want to do this anymore."  That was 31 years ago, the happiest years of our lives.  When he retired it was like dating again!  Sure our nest egg has shrunk (a lot!) but I wouldn't trade those years for anything.
« Last Edit: January 25, 2017, 05:37:04 PM by Tom and Margi »

8Muddypaws

  • ---
  • Posts: 2235
Re: What made you decide to retire early?
« Reply #44 on: January 25, 2017, 03:58:35 PM »
I retired at 62 and don't regret it except for losing contact with some really great people.

I was working in the medical device field on the tech end of manufacturing, sales, logistics, and product support.  My boss was a ditz but her boss was awesome so it kind of balanced out.  I couldn't take much more of the stress and 60-80 hour weeks were killing me.  I was going to retire January 1 2009 but my bosses boss talked me into staying another year telling me 'good things are coming'.  The good thing was a big layoff which I volunteered for. From that I got 11 months of severance pay, paid life insurance, paid medical until I went on Medicare, and a very nice executive pension.  Every time I see him I thank him profusely.

Now I volunteer at the Red Cross about 15-20 hours a week, take off whenever I want, and only take on the projects I want to.

It's good being a part time bum.
« Last Edit: January 25, 2017, 04:00:21 PM by 8Muddypaws »
Retired computer professional
Musician, songwriter and music director
2006 Bounder 34H, 2008 CR-V Toad

Patnsuzanne

  • ---
  • Posts: 100
Re: What made you decide to retire early?
« Reply #45 on: January 25, 2017, 04:48:20 PM »
I retired April Fools Day of 2015 after a 36 year career as a firefighter. I was a young 59, but it's a young man's game and you can only push your luck so far. My wife had retired a couple of years before me, even though she's three years younger than me. She was diagnosed with breast cancer within a year and now that her treatment is complete, we're very happy to be able to travel as we please without worrying about work schedules.
2016 Toyota Tundra Extended Cab
5.7 V8
Equalizer WD hitch
Tekonsha P3
Venture Sporttrek 27RL

8Muddypaws

  • ---
  • Posts: 2235
Re: What made you decide to retire early?
« Reply #46 on: January 25, 2017, 05:18:28 PM »
My first day of retirement was also April Fools Day, (in 2009). But the joke was on them.  The guy they chose to replace me was not interested in (or not capable of) learning the technology and only lasted 6 months.

Still laughing all the way to the bank.
Retired computer professional
Musician, songwriter and music director
2006 Bounder 34H, 2008 CR-V Toad

Chet18013

  • ---
  • Posts: 1737
Re: What made you decide to retire early?
« Reply #47 on: January 27, 2017, 09:34:51 AM »
DW retired at 58 and I retired at 62, 4 years later. We said the heck with work and paid the high insurance until we were both able to get Med-i-Care. We retired because we could and we were ready to travel. Did 3-4 month trips for 10 years and then sold everything and started full time 4 years ago. Just wish we had started full time sooner.
Chet18013
Full time in a 45' '04 Monaco Signature
towing a 2014 Jeep Grand Cherokee diesel

NY_Dutch

  • ---
  • Posts: 3332
  • Following the warm weather!
Re: What made you decide to retire early?
« Reply #48 on: January 27, 2017, 12:27:18 PM »
In 2005 at age 62, I decided that having worked full or part time and paying income taxes for 50 years was enough. I had spent several years prior to then structuring our income and investments so we would pay little or no income tax after retirement. After retiring, I continued a small sideline one man business that allowed us to take advantage of a NY state subsidized small business health plan at very favorable rates (about $300/month for the two of us at the time). In the eleven years since then, we've never been a bit sorry about doing it the way we have.
Dutch
2001 GBM Landau 34' Class A
F53 Chassis, Triton V10, TST TPMS
2011 Toyota RAV4 4WD/Remco pump
ReadyBrute Elite tow bar/Blue Ox base plate

Derby6

  • ---
  • Posts: 669
Re: What made you decide to retire early?
« Reply #49 on: January 27, 2017, 12:48:35 PM »
To answer you question of why.  Because I want to relax and enjoy life.
My first retirement was from the military in 2010` 20 yrs.
I have not retired again just yet but talk pretty regularly with my USAA financial advisor.  Thinking I am on track to be able to retire at 50-55; likely closer to 55.  I am banking as much as I can and should have 1 house paid for in 1-2 years.  Then my primary home will start getting double, triple, maybe even quadruple payments.  Of course this all requires me to keep this well paying job or another with a similar pay scale.  Without that-the whole timeline changes.

My plan is to continue to work part time to keep me active--but it will be a no stress low income just a funny money supplement.
Maybe even be a substitute teacher?
2015 Ford Explorer (Wifes Ride)
2011 Ford F350 4x4 Lariat Crew Cab/Long Bed/SRW
2011 Honda Civic-- (Beater with a heater)
2007 28' Desert FOX Toy Hauler             
TOYS:
01 Yamaha Kodiak 400
09 Yamaha Grizzly 550
12 Yamaha Grizzly 450
13 Yamaha Rhino 700 (Wifes Ride)
13 & 14  144" & 155" SKI DOO

dcbinvt

  • ---
  • Posts: 34
Re: What made you decide to retire early?
« Reply #50 on: January 27, 2017, 07:06:23 PM »
I retired at 52. Was begged not to by my employer - BUT they were offering an incentive to retire and with the additional payments for unused vacation and other stuff, my calculations showed I'd essentially be working for free for the next 5 years. So out the door I went, bought my 1st. Class A, and travelled for the next 6 years. Then went back to work for several years. Still get calls to consult.

taoshum

  • ---
  • Posts: 2532
Re: What made you decide to retire early?
« Reply #51 on: January 27, 2017, 09:37:07 PM »
Early?  Maybe.  Seemed like 31 years was enough.
07 Itasca Meridian 34SH.  '08 Jeep Sahara.
Taos, NM.

SargeW

  • Forum Staff
  • ---
  • *
  • Posts: 6293
  • Life is better on the road!
Re: What made you decide to retire early?
« Reply #52 on: January 28, 2017, 12:48:13 AM »
I love this thread! I love reading the retirement success stories. A few of my favorite analogy's are "What is the one line you will never read on a tombstone?  I wish I would have worked longer!"  And of course, "I have never seen a luggage rack on a Hearse". 
Marty--
2017 Tiffin Allegro Bus 40SP
Cummins ISL 450 HP/Powerglide chassis
Visit our new travel blog! http://www.mytripjournal.com/rvnchickTNG
Support your local Police Officer, Fire Fighter and Military!

mikef

  • ---
  • Posts: 236
  • Winnebago Posse
Re: What made you decide to retire early?
« Reply #53 on: January 28, 2017, 01:46:13 AM »
After 40 years at the same manufacturing company, I retired at 59. Started as foundry laborer and ended as Project engineer. Burned out, health issues and personal life issues and I wanted out. First two years, traveled the lower 48. Came out to Oregon, from Wisconsin to visit friends and stayed. After 6 years of kicking around, I got bored and picked up a part time job at Cabelas. No need for the money, but something to keep me active. And I found that I missed a work "family". Been there for two years and looking at another retirement, somewhere in Texas. Life is good.
1992 Winnebago Chieftain 32'
460 Ford chassis, New long block

davismills

  • ---
  • Posts: 20
Re: What made you decide to retire early?
« Reply #54 on: January 28, 2017, 05:32:18 AM »
I retired from the USAF in 2002 at age 47.  Went to work for a BSC (blood sucking contractor) for eleven more years during which I saved 30 percent of my income.  I liked the hands on engineering position I had, but my gray hair pointed toward a management position and lots more money.  I hated it to the point that my health was beginning to suffer, mainly from stress.  Pulled the plug at 57 and have no regrets.  Sliding into age 62 this year.  Tricare Prime has been a great health benefit to me and my DW and I could not have left work pre-medicare without it.
2011 Winnebago Sightseer
2011 Honda CRV
Lovely wife and ugly dog

gwcowgill

  • ---
  • Posts: 2243
  • Retired USAF, Retired Auto Instructor Dade Cty Sch
Re: What made you decide to retire early?
« Reply #55 on: January 28, 2017, 09:57:27 AM »
I retired from the USAF in 2002 at age 47.  Went to work for a BSC (blood sucking contractor) for eleven more years during which I saved 30 percent of my income.  I liked the hands on engineering position I had, but my gray hair pointed toward a management position and lots more money.  I hated it to the point that my health was beginning to suffer, mainly from stress.  Pulled the plug at 57 and have no regrets.  Sliding into age 62 this year.  Tricare Prime has been a great health benefit to me and my DW and I could not have left work pre-medicare without it.
Thank you for your service. I retired in 1979 from USAF and taught school for another 20 years and retired in 2002 from school. My son retired from the AF in 2005 and now works for DOD.
2009 Bounder 36B, 2014 Honda CR-V, various grandchildren when school is out. KG4LHS
2014 Honda CRV Toad,
2014 Jeep Grand Cherokee Toad

Derby6

  • ---
  • Posts: 669
Re: What made you decide to retire early?
« Reply #56 on: January 30, 2017, 01:47:24 PM »
After 6 years of kicking around, I got bored and picked up a part time job at Cabelas. No need for the money, but something to keep me active.

I retired from the USAF in 2002 at age 47.  Went to work for a BSC (blood sucking contractor) for eleven more years during which I saved 30 percent of my income.  I liked the hands on engineering position I had, but my gray hair pointed toward a management position and lots more money.  I hated it to the point that my health was beginning to suffer, mainly from stress.  Pulled the plug at 57 and have no regrets.  Sliding into age 62 this year.  Tricare Prime has been a great health benefit to me and my DW and I could not have left work pre-medicare without it.

My "Plan" mirrors these two posts incredibly...  At least I know it is doable....lol
2015 Ford Explorer (Wifes Ride)
2011 Ford F350 4x4 Lariat Crew Cab/Long Bed/SRW
2011 Honda Civic-- (Beater with a heater)
2007 28' Desert FOX Toy Hauler             
TOYS:
01 Yamaha Kodiak 400
09 Yamaha Grizzly 550
12 Yamaha Grizzly 450
13 Yamaha Rhino 700 (Wifes Ride)
13 & 14  144" & 155" SKI DOO

debsmg

  • ---
  • Posts: 41
Re: What made you decide to retire early?
« Reply #57 on: January 30, 2017, 03:14:02 PM »
I turned 59 today. Bought my RV in Aug 2015 with plans to go full time in a year or so. I wanted to leave last fall but decided to wait till June. At that time I would leave to meet up with a caravan going to Alaska. Now that time is not too far off I am debating about waiting another year. -I would get about 200 dollars more per month pension, put maximum amount into 403b, and have Rv nearly paid off. If I leave this year I would pay off RV with money from sale of house and should still have at least 100,000 to put into bank.

I would not retire but cut back working 6-8 months per year at temporary nurse practitoner jobs. Travel the rest. I make really good money at this job and sometimes I think I am crazy for thinking about leaving. But then there has been a lot of changes at this job and we know more is coming-which may be good or not.

Then I think my brother died at 58 and my mom at 49. I have nothing holding me here really other then the job. Both parents are gone and I never married or had kids. I am really tired of taking care of the house. As a matter of fact it was the basement flooding yet again that made me look into getting an RV and leaving. I nearly fell on my a** today taking the garbage out. Didn't see the patch of ice. Getting fed up with winter.

I read all this comments of people having no regrets leaving their jobs. May be time to pay off the Alaska trip and get my resignation letter ready.




Deb who is Hoooman servant to 2 cats
Kitcat and Spice and
Red Standard Poodle named Lucy

2016 Winnebago Aspect 27K
2013 Honda Fit toad

John From Detroit

  • ---
  • Posts: 19617
  • ^My New Home^
    • Diabetics Forum
Re: What made you decide to retire early?
« Reply #58 on: January 30, 2017, 05:42:09 PM »
IN my case there was a mix of things.... I worked for the State of Mi for over a quarter century.
Well the outgoing Govermanure decided to give a gift to the Incoming Governor so he penned an Early Retirement program.. You qualified based on years plus age and you could "buy" a year or two by cashing in yoru 401K if you had it.. I did, and I did.

There was an attempt to get me fired.. The attempt backfired (the people responsible got 30 days no pay, I was cleared of any wrongdoing, And I mean 100% cleared, proven that I did my job right) but they did not stop with me... And I had every reason to believe there might be a 2nd attempt (I'm not one of the "in Crowd" that's In the bar drinking you see, Strictly a coffee-holic)

(I am also an ex-Union Steward and still assisted the site steward a few times,,,, Totally pissing off management (What I called a good day by the way, I'm actually proud of that)

I also saw the workforce shrinking while the workload grew (Predictions now history it happened) so given the handwriting on the wall, and the depth of the Male Bovine Fecal Matter (It was a 2nd floor office so you know how deep it had to be) I ..  Shook the dust from my feet as it were.

I might add the things I forsaw. Happened, as expected.

I retired at 52,, 10 years later I signed up for SS, and .... My Wife died... (there is actually cause and effect there believe it or not)   But I'm not sorry I retired young.
Nothing adds excitement like something that is none of your business
My Home is where I park it.

garyb1st

  • ---
  • Posts: 2084
Re: What made you decide to retire early?
« Reply #59 on: January 30, 2017, 05:51:06 PM »
There is a downside to running out of money in retirement.  But there is a bigger downside to running out of time.  Sounds like you have earned a pension.  Will you receive any health insurance benefits after retirement?  That could be one of your biggest expense in retirement.  If that is addressed, I'd retire in a heartbeat. 
Gary B1st

2005 Pace Arrow 35G
2016 Jeep Wrangler

 

Hosted by Over The Network