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How are you planning for retirement at this point in life?

Guys, I have to be a buck with y'all. The closer the day comes, the more antsy I get. Financially, we're good. It's the new routine that's getting me. I'm sure I'll be fine, but it's how it is, according to my friend that retired last year. I retire on 4/18, and we're moving to Panama on 5/3. Looking forward to this next phase, but after working since I was 15, it's going to be an adjustment. Like my aunt said, "Retiring at 58 ain't the worst thing in the world, nephew! You got this! Go get it!". I love that woman!
 
woodchuck said:
Guys, I have to be a buck with y'all. The closer the day comes, the more antsy I get. Financially, we're good. It's the new routine that's getting me. I'm sure I'll be fine, but it's how it is, according to my friend that retired last year. I retire on 4/18, and we're moving to Panama on 5/3. Looking forward to this next phase, but after working since I was 15, it's going to be an adjustment. Like my aunt said, "Retiring at 58 ain't the worst thing in the world, nephew! You got this! Go get it!". I love that woman!
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You got this, WC.


Always remind yourself that you earned this. You worked for 40+ years to be able to retire comfortably in your late-50s.

That's my goal too. To retire by approximately 58 - 60. Aiming for 2037 - 2039.

My best advice is do what you want to do. Props to your aunt for the vote of encouragement too.

My mom retired in her early-60s after some 35 or so years of nursing. What I noticed with her is that she just got caught up on stuff she wished she had more time for back in the day while being a working mom.

I.E. - walking more / going to the gym / joining a dragonboating team in the early-2010s / volunteering more for a few organizations / being a part of a music group (playing ukele) ... a co-ed choir at her church ... a book club (either done in person or over Zoom). In other words ... stuff that makes her happy. Going to the movies & watching more at home. Travelling more, etc.

I told her back in the early-2010s that she looked healthy. We were out for lunch and she was dressed stylishly. Looked more refreshed than she had back in her 40s when she was stressed and working in the 90s when we were high schoolers ...
 
woodchuck said:
Guys, I have to be a buck with y'all. The closer the day comes, the more antsy I get. Financially, we're good. It's the new routine that's getting me. I'm sure I'll be fine, but it's how it is, according to my friend that retired last year. I retire on 4/18, and we're moving to Panama on 5/3. Looking forward to this next phase, but after working since I was 15, it's going to be an adjustment. Like my aunt said, "Retiring at 58 ain't the worst thing in the world, nephew! You got this! Go get it!". I love that woman!
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Early congrats. I hear what you're saying and always wonder whether or not I will FULLY retire. I'm sure I could find enough to do with all that time... but I'm also one of those people that are naturally purpose-driven, so ideally I'd like to find something worthwhile and low impact that I could maybe do part time and get paid for it.

Any part/some-time work options down in Panama that you may consider? To keep you busy and at least earn some pocket cash?

Personally, I'm childless and at the rate I'm going it'll likely stay that way. But I enjoy kids. Wouldn't mind teaching or mentoring in some capacity when I get to that retirement stage.
 
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Helico-pterFunk said:
My best advice is do what you want to do.
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..there it is. That's what it's all about.

One of the attorneys at my firm retired last month and I was asking what his plans were. I suggested possibly teaching or mentoring, if for no other reason, to pass on his years of experience and knowledge. And ended with: "Well, going forward.. this is the time where you get to be as involved, or not involved, as you want to be."
 
Madrox said:
..there it is. That's what it's all about.

One of the attorneys at my firm retired last month and I was asking what his plans were. I suggested possibly teaching or mentoring, if for no other reason, to pass on his years of experience and knowledge. And ended with: "Well, going forward.. this is the time where you get to be as involved, or not involved, as you want to be."
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Good suggestion, Madrox.


Leave that door open to involve himself if he's so inclined. Make his own schedule in doing so.


I've got a friend at another work location that I talk to a few times weekly. He's 53 now and in a good place financially. Single with no kids. No debt. Never planned on marrying. Does the same work as I do, and has a research job (through one of the universities) wherein he does an additional 20 hours of work (from home) weekly. His rent is only a little over $1000 in a larger, older apt building.

We've talked real estate and investments in recent years, and he noted he plans to retire by 60.

He does a fair bit of travelling already (fave destinations are Phillipines - his homeland, Hawaii, Paris, Spain, and Japan).

He said he'll probably keep his name on the oncall / auxillary list at work when "retired" just in case he wants to pick up some shifts here and there. Primarily in the spring or summer months, as he'd be more motivated than in the cold months of fall and winter. And it would be nice to have a little money coming in (aside from investments, savings, and pension plan) to help pay for the vacations. Either that or do more work with the psych research contract, as it pays well. Said the current contract is for 5 years, whereas he's been working in this field (the company we're with) for 20+ years. April will mark 21 years for me ...
 

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