View Full Version : When would you retire if money was not a factor?

06-16-2006, 02:56 PM
Assume that you had sufficient funds to support your desired lifestyle. When would you retire?

I can honestly say I would retire immediately. I am not one of those people who would be bored in retirement. I have a lot of outside interests, enjoy helping out at my temple, like buying and selling collectibles on ebay, wish I had more time to putter around the house, would like to cook and bake more, etc., etc.

Although aspects of my job can be very rewarding, the hassle factor is very high and I wouldn't miss it.

How about you?

06-16-2006, 03:02 PM
Immediately, no doubt. I do enjoy what I do, and my DH does as well, but we'd find plenty to do in retirement. This is why we save so aggressively, so that we can retire young enough to do and see all of the things that we'd like....without the time-contraints that our careers place on us.

12-15 years....somewhere in the ballpark of age 50-53 and we're done. We may find some part-time endeavor to keep us occupied when we do retire, but it will be something totally different. And it will be something that does not require us to be in any place for an extended period of time...

06-16-2006, 03:03 PM
definitely retire NOW!!!

but I can't...going to WDW is expensive and I intend to kept going to WDW until I can't drive anymore....

I have a ton of objects to do at home. I can't even kept the place clean right now.... my time is so limited - not to mention my energies.....

06-16-2006, 03:05 PM
I intend to kept going to WDW until I can't drive anymore
Why do you have to stop going when you can't drive?

06-16-2006, 03:06 PM
Right this second.

I have so many interests, including some that work leaves no time for me to pursue, that I would never be bored.

06-16-2006, 03:09 PM
Yesterday!!! :rotfl2:
My resignation letter is already written and stored on the computer for the future but I do find when I have a day off I usually wind up spending more money so I would probably have to get more involved in volunteering to keep from shopping!!

06-16-2006, 03:28 PM
Right about.........now!

After taking a few months off to get into the "grove" of being retired, I would look for volunteer work to do, at least a few hours a day a couple days a week. I could find tons of stuff to do to keep myself busy and active.

My parents are retired and have busiers lives than DH and I do right now. They live in an active retirement comunity and they are always doing stuff. Walking group, two domino's groups, my mom volunteers at the local hospital, dad works on his hobbies and projects around the house, mom gardens and knits and does cross stitch, they take day trips and long weekend trips to all kinds of places, plus just socializing with friends. They are definatly not spending their golden years in rocking chairs on the porch, yelling at neighbor kids to stay off the grass! I want to do the same someday...

06-16-2006, 03:29 PM
Now! It would be great for DH & I to be able to spend lots of time with the kids while they are young.

06-16-2006, 03:31 PM
Why do you have to stop going when you can't drive?

I hate flying..... I will do - but I hate it.... so by my reasoning the older I get the more I will hate it... :dance3:

06-16-2006, 03:33 PM
Hard to say - I quit my job in December b/c I had started a home based business that was going really well. It continues to do really well and I enjoy it - but keep in mind, I'm now "working" 15 or so hours a week. Some weeks more and definitely networking, but I don't go into work anymore at a company. So I might keep on doing this even if I was "retired"....which I sort of am........

06-16-2006, 03:41 PM
Now! It would be great for DH & I to be able to spend lots of time with the kids while they are young.

I second this one!

DVC Sadie
06-16-2006, 03:50 PM
We have been retired officially since 1998 and I wouldn't have it any other way. :thumbsup2

Our interests take up all of our time and we have yet to be bored.

06-16-2006, 03:52 PM
Yes! I'd retire or atleast work just 2 day's a week!

06-16-2006, 03:56 PM
Eh. I'm in no rush, really. My job situation is not intolerable and it keeps me busy. I think DH would really miss his work. I don't ever see him retiring, though I can see him moving into consulting.

I really can't imagine what I'd do all day. I guess there are some classes I want to take and I could always pick up more volunteer work. But I just don't have an overwhelming jones to get there as fast as possible. I once took 6 months off between jobs and I was just bored. The novelty wears off quickly--there's only so much puttering to do!

I find I can pretty much do everything I want in my current situation.

06-16-2006, 04:05 PM
:woohoo: Tomorrow!!

06-16-2006, 04:30 PM
I would also retire immediately. Life is too short to give up 10 hours a day for commuting/making money for a company. I have plenty of outside interests, grandkids, volunteer work, etc., to keep me busy in a good way! :cool1:

06-16-2006, 04:32 PM
Funny you should ask the question, my DH says he wants me to retire once the mortgage is paid, DS's education is funded and he has enough investments to provide us a monthly income.

We are working on this plan as we speak and hope to knock off the mortgage soon.

He has asked me to tell him what I need financially to feel secure enough to give up my career (I'm working on that too).

As soon as we can meet those requirements, I'm "outahea"! :banana:

I already know what I want to do in my "retirement".

1) DS will likely still be in secondary school, so I want to help out there.

2) I will serve my faith as best as I can, volunteering to help out at the offices with administrative stuff.

3) One of my conditions for retirement will be that I get to travel at least twice year, so I'll be busy planning my vacations and then taking them! :teeth:

4) My parents are also still pretty active, but I expect that I will be helping them out with whatever they need too.

5) I will help DH with his business ventures, AND

6) I WILL sleep past 4:45 a.m. EVERYDAY :cloud9: (unlike now.... :guilty: )

I don't enjoy my chosen career (law) so I'd have no good reason to continue to do it once I don't need the income. (And I won't :thumbsup2 ).

Great thread!

Thanks much princess:

06-16-2006, 05:15 PM
I would retire ....this very split second but I need the insurance for DH who has some medical problems. I'm only 40 so it is a long way off. :sad: :sad:

06-16-2006, 05:17 PM
:sad2: Um..I only work part time 3 days a week and I LOVE IT!! It's the right balance of work and family time. I think I could do this forever but maybe go down to 2 days a week when I think I'm getting ready for retirement. One thing I do know I don't EVER want to go back to work full-time again in my life!!! :sad2:

06-16-2006, 05:49 PM
I am currently a SAHM so never!

DH on the other hand would scale back to part time hours and just enjoy not having to work.

06-16-2006, 06:08 PM
I retired at 41, when I retired from the Air Force. I had big plans to do all kind of stuff like organize old photos and put them in albums. That didn't happen and now I want to make them all digital - and that ain't happening, either. I retired on 1 Apr 04 - and I don't know what I do all day - but, you better believe when dh gets home from work - I've been too busy to do anything else;) I love being retired! It's wayyy cool!! I also get to spend all day long hangin' out on the Disboards...now, there's a goal!

I edited to add that I do know what I do all day - I sign up for freebies and read the Disboards. I also am "chief planner" for our upcoming Disney trips - one next month and another in December.

Dh told me yesterday that his bosses wife hired an architect and had a home built in another state. It was recently completed and she moved all of their furniture there - and, herself of course. Well, his boss is really in a conundrum 'cause he doesn't want to retire. This guy was a fighter pilot in the Korean War, and Vietnam - among other little known campaigns. He went to work after his military retirement, is 80yrs old and just can't quit. I guess his poor wife had finally had enough and set herself up near their kids & grandkids. It will be interesting to see what this guy does because he hasn't said anything to anybody about his plans to retire. Gotta love these old veterans - red, white, and blue - through and through!!

06-16-2006, 06:18 PM
Assume that you had sufficient funds to support your desired lifestyle. When would you retire?

Although aspects of my job can be very rewarding, the hassle factor is very high and I wouldn't miss it.

How about you?

Agree, but if you knew that you could leave any time wouldn't your attitude towards the job change? Just a thought.

My DH would officially retire now if he could. I think he would volunteer or get involved in something other. Maybe he would consult or be contracted in part time. I just wouldn't go back to work and volunteer at the church or other local charities. The kids are young now too, so spending more time with them would be great especially for DH who works 12 hour shifts.

Great thread! Did this come about from the Bill Gates news? I heard on the public news (yes, I listen to these stations) about his/his wifes foundation and philanthropy.

06-16-2006, 06:24 PM
That's a tough one, Steve. Like you, I sometimes find my job very stressful, but because I am "technically" self employed, I can set my own schedule in terms of how much I work from home, and how much time I actually spend in the office, so that helps me to balance family & work, and manage the stress somewhat. I am a mortgage broker, so that work I do provides an important service by helping people realize their goals of home ownership. As you all know, buying a home, arranging financing, etc is very stressful, so I hope that I make this a smoother process for my clients. I don't mind saying that I am very good at what I do, and my expertise has literally been the difference for some people getting their financing approved. Alot of my files are what we call "cookie-cutter deals" meaning that the credit score, income, downpayment etc is all there, and easy to verify; but there are a dozen or so files over the last couple of years that make me say "This is why I do what I do". We put strategies in place, the clients did what I told them to do, and as a result turned a decline into an approval. It is very gratifying to truly "make a difference" to a family.

Having said that, it's not rocket science (or family medicine) and anybody with proper training and experience can do my job. Sometimes we need to get creative and that's where life experience/common sense come into play. I'm kinda on a 10 yr plan, but that depends a little on whether my husband retires from the military in the next few months. He could retire now with a decent pension (he's been in for more than 20 yrs, although he's only 40). He's getting posted to a base in Quebec (about 8 hours from where we live in Ottawa) and we've decided that the family is not moving. We are in the process of trying to get the posting cancelled, but if it isn't he will go for a couple of months, just to get to the next pension level, and then put in his release. That will undoubtedly change our retirement plans somewhat.

Sorry for the novel.

06-16-2006, 07:30 PM
Today would be my last if I had the cash to retire.

06-16-2006, 08:02 PM
I'm in no rush to retire. I "retired" once about seven years ago when I was in my early thirties - we had the money so I thought "why not." But I went back to work because I missed the human interaction and the mental stimulation. Volunteer work, writing the odd article, and even teaching part time just didn't cut it for me.

06-16-2006, 08:14 PM
Agree, but if you knew that you could leave any time wouldn't your attitude towards the job change?
Oh, my attitude toward the job is just fine. The hassles aren't self-induced, they are external and beyond my control. Knowing that I could quit any time wouldn't change that at all. Those issues would still be there just the same.

Great thread! Did this come about from the Bill Gates news?
No, actually, that had nothing to do with it though it is coincidental that I posted it now.

06-16-2006, 08:24 PM
I would retire today if I could afford to. But tomorrow I'd enroll in college for my second degree: high school Spanish teacher. After graduation I'd work for another 20 years --till I'm about 63. All I really need is summers and school holidays off.

Then I'll be ready for "real" retirement...a permanent vacation:
February in a DVC 1Br
July on a NC beach
October or November in NYC (That's for DH...not me. :crazy: :crazy2: ) Nothing againg NY, I'm just not a city girl.

06-16-2006, 08:45 PM
I'd love to retire from my day job and focus on my freelance work.

Although today was fun at the day job. I'm in a position where I get the phone calls with all the "dirt" and there is a HUGE (somewhat humourous) "scandal" going on at work right now, so I was :rotfl2: :lmao: :rotfl: all day as everyone kept calling me with more and more information!

It got to the point where I went to the HR director for some guidence on if I should even be letting people tell me things. (He said it was fine as long as I didn't repeat them to anyone but him.)


06-16-2006, 08:52 PM
OUTAAAAAAAHERE!!!! Watch my back as I cruise... :moped:

Actually though, I teach kids and love it... On the good days. ;)

Julia M
06-16-2006, 08:55 PM
Five years ago I would have said no. But, now, if I could live at the same standard of living (including medical), I'd be done.

I work in a very specialized field of special education. I really enjoy the kids, but am tired of the "junk" that goes with it.


06-16-2006, 09:44 PM
Immediately! No question :)

06-16-2006, 11:12 PM
I'd write up my resignation and turn it in tomorrow, then be a full-time SAH, homeschooling mom, instead of working part time like I do now.

If I could be home full time I know my DH would quit his job and focus on his free lance business on a full time basis. I think we would all be much happier that way, but you do what you have to do!

06-17-2006, 12:46 AM
I consider myself to have an ideal work life as it is, I am SAHM during the day and most evenings, but work PT as an asst manager at a fun store in the mall. I work about 12 hrs a week, enough for extra fun cash and adult interaction but few enough hours to really enjoy my children.

DH is military, he retires in 8 yrs. We'll have his retirement and medical. After that, who knows. We really need to step up our savings!

06-17-2006, 12:54 AM
I guess you could say I'm retired now. I stopped working at 30 to be a SAHM, I'll probably go back to work full time somewhere between 45 and 50 and plan to work until I'm 65. (I do work very part time now that my kids are in school)

DH, on the other hand, has worked all along so he hopes to retire in his early to mid fifties and find something part time for a few years until he hits 60. I'm 5 years older than him, so we'll retire together for good when I'm 65 and he's 60.

I don't think any amount of money would change our plans.

06-17-2006, 02:02 AM
I am retired. Oh no, wait, I'm a stay-home mom. Is that different? :lmao:

06-17-2006, 03:13 AM
I'd retire TODAY without a doubt! :)

06-17-2006, 09:13 AM
I really enjoy the kids, but am tired of the "junk" that goes with it.Julia

Actually though, I teach kids and love it... On the good days.As Donna said: On the good days, I love it.

BUT the "junk" pile gets larger and larger.

I would like to not bring home all the emotional baggage I bring home each day now. I would make a very good volunteer!

06-18-2006, 09:11 AM
I went to PT almost 4 yrs ago, but would retire if I had the opportunity. People at work always ask me what I do on my days off. They always say "Don't you get bored?" I can't even comprehend that...rarely if ever do I get bored. It's just not in my nature.

When we move I will probably take my time getting another job because I want to get our family settled into the new neighborhood and really find something that I can have fun with. I will not work more than 20 hrs a week until both kids are in college. Otherwise, I'd miss all the fun.

06-18-2006, 09:31 AM
My official retirement date is April 1, 2007. Would I retire if I could afford it? (5 kids, 3 in post-secondary, still needing some support. 1 in HS, 1 in Grade 8, and I guess weddings will be the next order :earseek: ) I don't think so, but I'm looking forward to that date so I can, say "So long" in quick order if need be.

I teach, I love my job, and I don't feel an urge to quit it, most days. Yep, there's "junk" and there's a new feeling of disrespect that wasn't there even 10 years ago. I teach at a core area-tough, kids have been through he11, but have always been responsive...not, not so much :sad2: . Part time, maybe, if they'd give me the time for vacations :car: :boat: :beach: - especialy in the winter time!. :rotfl:

06-18-2006, 10:50 AM
I plan to retire in 9 years, if money was no object, I'd probably retire in 5.

06-18-2006, 11:05 AM
I retired at age 52. That doesn't mean I don't work. I find myself working harder now than I did at my official job.

Debbie Jean
06-18-2006, 12:53 PM
When I was young, my father's advice was find something you love to do and then get someone to pay you to do it. ;)

I feel fortunate that I have a job doing work I truly love. :cloud9: I head a techical unit in the library of the University where I have tenure and also teach for the Dept of Communication. A perfect combination for me :thumbsup2 At 54, I've been in the field for over 25 years and continue to find the satisfaction far outweighs the aggravation... well, most days, anyway :rotfl: Regardless of my financial status, I am happy with the idea of retiring at 67 and continuing to teach or volunteer part time after that. :)

06-18-2006, 02:52 PM
Timely thread...DH is retiring at age 52 in exactly two weeks. We were just sitting in the yard today looking around at all the projects we'll be working on. I no longer work and i told him he'll be surprised how fast the days go by. He's worked at the same company for 33 years and is lucky to get out now with full medical paid and a nice chunk of change in his pocket to do so. House is paid off, DVC is paid off (two most important things, lol) We also plan on traveling a little more outside the school year (have son age 11), i have my sights set on an RV :teeth: He definitely wants to get something part time for something to do, something golf related, i'm sure. I told him, no rush, life is too short, just enjoy the personal time, it truely is a gift. :cloud9: