When do you plan to retire?

[63dot]

Sorry- I disagree. I'm in a creative field and not being able to create, work and grow is death to me. I'd rather be dead than be unable to keep designing, acting, and making films. I will never retire.

That is great you can do creative stuff for a living. They have only been my hobbies though I did give music a serious 15 year try but never hit it big, so I only did music part-time of course. And now I make graphics for skateboards.

All fun but not as lucrative as the boring stuff I mentioned in the first post.

 

[leekohler]

So you can only be creative in work?

Of course not. But it's a lot more fun if you are. The pressure is part of the fun. Without that immediacy, it loses it's allure for me.

 

[mysterytramp]

2008 halved my 401(k) and wiped out about 40 percent of the equity in my house. Things have slowly climbed back up since January 2009, but starting in the fall, I've got the first of two college educations to pay for. I'll be working well past 65, and not by choice.

mt

 

[JNB]

I will work until I die or am killed on the job, because that's what's expected of me.

Thanks, Dad.

 

[stubeeef]

I think the problem with me is the word retire.
Retire brings me visions of a cane, hanging out playing poker with a colostomy bag hanging off my belt and drinking medicine.
I can't wait till I can afford to change to do more charity work for older folks, learn how to do stainglass (I have always wanted to do glass art work), and have time to read a few hundred books.
I have retired from the Navy Reserves, so I guess I am retired. But now I work 10-14 hr days and have no time to do what I want. I continue this to make $$ for 3 daughters and a mortgage. UGH.
I guess for me retirement is really a word for shifting to pleasurable pursuits. (although that sounds nasty)

 

[senseless]

I've never taken a job I hated. If you're lucky enough to have a job that's rewarding or interesting, there's not an urgency to stop at an early age.

Also, don't think if you have a million dollars put aside you can retire in luxury. A safe withdrawal rate without depleting principal is 4%. If you're pre-SSI and medicare, you will have substantial medical premiums to pay.

 

[skunk]

I guess for me retirement is really a word for shifting to pleasurable pursuits. (although that sounds nasty)

Why on earth does "pleasurable pursuits" sound nasty?

 

[stubeeef]

Why on earth does "pleasurable pursuits" sound nasty?

just kidding, but it does sound like spending the ole retirement check down at the massage parlor.

 

[toolbox]

The day i win lotto. I will gladly walk into work and hand my key over and say Seeya.

 

[Jaro65]

I've never taken a job I hated. If you're lucky enough to have a job that's rewarding or interesting, there's not an urgency to stop at an early age.

Also, don't think if you have a million dollars put aside you can retire in luxury. A safe withdrawal rate without depleting principal is 4%. If you're pre-SSI and medicare, you will have substantial medical premiums to pay.

If you were to continue living in the US.

 

[OutThere]

I haven't yet entered the workforce in earnest, but I don't see myself ever taking a formal retirement. If I wind up with a job with a scheduled retirement/pension system I could imagine starting a restaurant or small business after officially retiring. And buying convertible sports car or motorcycle.

 

[rhsgolfer33]

I'd imagine around my late 50's if I take the corporate route (of course that's roughly 35 years away). However, if I become a professor instead, I'll probably just teach until I die, if I manage to get tenure (I'll be one of those 75 year old professors that hasn't published anything in 20 years that everyone thinks should retire but won't leave because of the decent money and relatively flexible schedule, haha).

 

[63dot]

I'd imagine around my late 50's if I take the corporate route (of course that's roughly 35 years away). However, if I become a professor instead, I'll probably just teach until I die, if I manage to get tenure (I'll be one of those 75 year old professors that hasn't published anything in 20 years that everyone thinks should retire but won't leave because of the decent money and relatively flexible schedule, haha).

Hey, we really need decent accounting professors. The ones I had in college and grad school knew their stuff but couldn't get their ideas across very effectively. Some of them, except for one, either knew very outdated accounting software and were so far in the past they didn't know how to use a computer outside of surfing pretty girls and shooting emails back and forth.

One firm, all guys, all had soft porn screen shots, but at least they knew modern accounting as it relates to computers. One day I came in and saw this stuff, and while I couldn't tell them to stop the screen shots (remember, no women in office) I convinced them "over" 18 y.o. was a start in the right direction. One manager there said, "Dude, old enough to bleed, old enough to breed." I reminded him that the prison was just down the highway.

I take it these guys, good numbers guys, never got laid and still had junior high school and freshman fantasies. It was rather pathetic to see.