Is Early Retirement a Right Choice?

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prabha_friend

Prabhakaran Karuppaih
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To learn a lot and to lead a Peaceful life...

Please share your thoughts...
 
For me, early retirement was the wrong choice for insurance and income reasons. I took longer than normal to retire but the benefit was (a) I was able to get some medical things done under a really good corporate policy and (b) my government retirement checks were larger because, in essence, I put extra into the system. However, now that I'm retired, I don't regret the extra time because of the good things that DID happen. So in my case, the direct answer was "Early retirement was not best for me." Pat's comment is therefore quite accurate.
 
I dont know where you live, but it's likely you will receive a (what the UK call) state pension every week. Assuming you have been employed, you should have paid into a works pension. How long you have done that for has a bearing on how much you get. You may also be entitled to other government benefits. You may also have been contributing to a private pension company. Your age will also determine how much benefit or pension you get. I paid into the works and state pension funds for 40 something years, so am entitled to the max amounts.
As for time, it is generally true that when you retire, you are busier than when working. I think Pat summed that up quite well.
Col
 
<<<gasp>>> Quick, call a doctor.... I'm about to faint. Colin just agreed with Pat

:ROFLMAO:
 
Access blaster is right. remember, the future will never actually come. Each day you wake up, all you'll realize you have is Now.
Enjoy the Now - train, retrain, and re-retrain yourself as often as it takes (which is sometimes as often as our circumstances Change), to ENJOY YOUR present life.

Otherwise, retire as soon as you feel you will enjoy it more than non-retirement - and if you're able to, without being a financial drain on others
 
Isaac said:
Enjoy the Now
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Not being worried for future may cause a hard tomorrow.
I know several people who put all they had on today, but their tomorrow turned out to be a nightmare. You never know what you'll be faced when you wake up the next day. So for me, I think, one must be ready for unexpected events.

I love my job and I'm good at what I do. To me, it would be a nightmare to wake up one day and have nothing to do. Taking a walk, stroll in the city, play card games, watch TV and sleep to do the same thing tomorrow. No, retirement is the last choice for me. I think I will be working until the day I die.

We have a saying One hundred people, one hundred colors. (you can guess what it does mean)
I don't want to negate what others replied. It's only the way I am.
 
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@Pat Hartman I hardly see you as retired. You've just changed your job from being employed for a company to being employed for yourself with a little bit more free time for yourself in the between. I really respect people like you who enjoy what they do.
I'm surrounded by people who keep talking about how they would be relieved the day they get retired.
I simply think they hate their job. If you like something, being separated from it wouldn't be that easy. There's a good chance my eyes would be in tears if someday I'm forced to stop doing what I do.

I think we are in the same boat. Except you like bridge, and I like play station ;)
 
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KitaYama said:
Not being worried for future may cause a hard tomorrow.
I know several people who put all they had on today, but their tomorrow turned out to be a nightmare. You never know what you'll be faced when you wake up the next day. So for me, I think, one must be ready for unexpected events.
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Oh yes definitely. Financially speaking, plan shrewdly. Emotionally speaking, assume the future will never come, and all you have is Today.

conception_native_0123 said:
i've heard countless numbers of people say the same thing
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I have thought that in the past, but that was before I got half-way down the path of Computer burn-out.
I now cannot imagine doing what feels like a fake job in a fake world, sitting down all day jabbing little plastic black boxes with my fingers and reveling in the occasional moment I get up to look out the window at the real world. That is just the way I feel anyway.

I'm actually looking forward to retirement - but not in a "wake up, play golf, watch Jeopardy, sleep, repeat" way - I want to do something actually useful in the world - mentoring, ministry, like that - so I can't wait until I'm 65. Then again, I'm training myself to enjoy the moment too. I suppose it all sounds contradictory but it makes sense somewhere in my head.
 
Pat Hartman said:
Being with people is important. Play station is a solo activity even if you have people you meet online like here. I've been playing a lot of bridge online since COVID shut down the clubs. Online bridge is technically better because after the game you can go over the game records and replay every bid and every card for every hand. When you play at a club or tournament, you can get a "hand record" which is a printout of all the hands you played that day but you have to rely on your and your partner's memory to go over the bidding and play. With BBO, there are no arguments. The bidding and play is there for all to see for a couple of weeks.

I know for some people, watching others play bridge would be like watching paint dry but there are games you can watch a couple of times a day at www.bridgebase.com You can join for free. They have teaching tools and solo play options so you can practice your declarer play.
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That's so true. I've been bad at that in the first half of my life, and intend to drastically improve it in the 2nd half.
Need to be around more people. I'm an extreme introvert, so it's hard for me, but I've also accepted that it's "OK" and just a fact that I feel "full" socially, for days or a even 1-2 weeks, with a fraction of the social event that others do--what's a problem, and what I'm determined to change, is when I fail to even obtain that fraction. Then isolation becomes negative.

Pat, I've tucked away all the things you've said about Bridge in my mind. There are many things I intend to try over the 2nd half of my lifetime. This time, they will all be healthy safe things! At the moment I'm taking the drawing lessons that @Jon recommended and last night I enjoyed learning how to draw a sphere with a hole in it, and stuff shooting out of it. My wife was impressed (with my progress).

After all, I have to sprinkle in something to my after-work hours other than making love to my wife and watching Frasier.
Not that I intend to do any less of the first until I'm at least 75!
 
Pat Hartman said:
I know for some people, watching others play bridge would be like watching paint dry but there are games you can watch a couple of times a day at www.bridgebase.com You can join for free. They have teaching tools and solo play options so you can practice your declarer play.
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Pat, its the same with chess. For most people, it makes them sleepy. For me, I watch and play tons of it!
 
Isaac said:
At the moment I'm taking the drawing lessons that @Jon recommended and last night I enjoyed learning how to draw a sphere with a hole in it, and stuff shooting out of it. My wife was impressed (with my progress).

After all, I have to sprinkle in something to my after-work hours other than making love to my wife and watching Frasier.
Not that I intend to do any less of the first until I'm at least 75!
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Hey @Isaac, did you do better than you thought you would? Curious over how you are finding it.

I loved watching Frasier. I've seen repeats of it so many times too. Excellent show.
 
Jon said:
Hey @Isaac, did you do better than you thought you would? Curious over how you are finding it.

I loved watching Frasier. I've seen repeats of it so many times too. Excellent show.
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Yes, Frasier is such an amazing treasure of the perfect combination of entertainment, intelligence, and stuff I can relate to.

Honestly, I wouldn't say I did "better" than I expected, only because I believed it was going to be great (I believed you and the author who begins the book with a lot of convincing). I am quite happy with it! I am mostly copying the author so far, but I can feel myself understanding the simple things he is teaching which is exactly what I hoped/wanted. I really hope this translates into Painting some day, I assume much of it will.
 
Isaac said:
Yes, Frasier is such an amazing treasure of the perfect combination of entertainment, intelligence, and stuff I can relate to.

Honestly, I wouldn't say I did "better" than I expected, only because I believed it was going to be great (I believed you and the author who begins the book with a lot of convincing). I am quite happy with it! I am mostly copying the author so far, but I can feel myself understanding the simple things he is teaching which is exactly what I hoped/wanted. I really hope this translates into Painting some day, I assume much of it will.
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Pleased it is going well. I found drawing much simpler than I thought it would be. Hey ho!
 
I should say, I (proudly) participate in what I consider to be the #1 source of life-changing help that there is for people with chemical addictions of any kind: 12-step meetings. Out of all my experiences, the simple fact of the meetings (and what you hear and who you rub shoulders with there), pretty much constitutes the 85% of the source of recovery for people. Thus I am proud to be a part of that (everyone is part of it just by showing up). But, I would like to someday step it up and do something more direct for some of the various other forms of suffering that are out there.
Thanks Adam!
 
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