Not when, but WILL you retire?

[Anonymous]

Oh yes, if still in my current sucky fed job. Only good thing about is the flexibility so I stay. We've all ready put 2 through college and have one more to go (in 12 years). DH has retired, but got bored and went back to work. I see myself still working, but not in career/professional arena.

[Anonymous]

Of course. We already have $2.5 million saved, and my working spouse is not even 50 yet.

[Anonymous]

Anonymous wrote:I'm pushing 50 and do not see any way that I retire in the next 20 years. My kids are little, my retirement savings are small (and stagnant) and the debts (including the house) are in the hundreds of thousands. Oh well.

How did that happen?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sure. The current plan is to retire when the last kid graduates college.

But I've been squirreling away money in IRAs and 401ks since I was 16.

You aren't paying for college?

We've taken on 150k more in debt for college which makes retirement seem further away.

We are saving a ton for college, and will be positioned to pay about $100K a kid for college. If they go to colleges that cost more than that (and most do), they will have to take out student loans and pay them off themselves.

Private college is over $50K a year. How is having enough to pay about two years out of four for each kid "saving a ton"?

[Anonymous]

Anonymous wrote:I do not plan on retiring until they kick me out. I enjoy working and when my kids are all gone, I need to do something to keep myself busy. I am a single mom.

When my kids are gone, I plan to keep myself busy by socializing, volunteering and traveling.

[Anonymous]

100k per child is PLENTY for college. Ignore that poster.

I plan to retire between 50-57.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm pushing 50 and do not see any way that I retire in the next 20 years. My kids are little, my retirement savings are small (and stagnant) and the debts (including the house) are in the hundreds of thousands. Oh well.

How did that happen?

I checked and found that we're pretty much average Americans. Not everybody gets the nice house on the cul de sac with a shiny sedan. It's OK, I don't like golf anyway.

[Anonymous]

Not sure. We could easily retire if we moved someplace like Florida with a cheaper cost of living/housing, but I don't see DH ever giving up his job to move, he likes it a lot. I like mine too, but am tired out.

[Anonymous]

Retirement is a fabric of some pie in the sky bs created in the last 40 year. My dad retired for 1 year at age 65 but was too bored and went back into the field and worked in hardship foreign service posts to make extra money. My dad worked till 73 and 2 weeks before he died, THATS american , not lazying around doing nothing. I plan on doing the same and if my wife wants to retire so be it.

[Anonymous]

Yes, definitely.

Having another child at age 40 has pushed back the timetable slightly, but we will still retire in our 60's. Unlike PP's father, I don't plan on working until 2 weeks before I drop dead. Call me un-American, but I plan to travel, volunteer, devote more time to interests that have been pushed aside somewhat during my working/child-rearing years, and spend lots of time with grandchildren (if/when we have them).

[Anonymous]

Anonymous wrote:Yes, definitely.

Having another child at age 40 has pushed back the timetable slightly, but we will still retire in our 60's. Unlike PP's father, I don't plan on working until 2 weeks before I drop dead. Call me un-American, but I plan to travel, volunteer, devote more time to interests that have been pushed aside somewhat during my working/child-rearing years, and spend lots of time with grandchildren (if/when we have them).

This, exactly. I also would lile to live in an urban area when I retire - none of these secluded homes, or worse yet, retirement communities for me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I/we are lucky. No kids to pay for, saving up the wazoo for 25-30 yrs., never got overleveraged on housing, etc., live within our means.

I should be able to retire in 3 yrs if I want (60, first full Fed. e'ee retirement benefit age), or anytime after ... as they say, if you go to work and get pissed off 2 days in a row it's time to retire. By that yardstick I doubt I'll be there a day past 62 if I even stay that long.

I won't retire if I still have to work but I look forward to getting out of the dysfunctional cesspool that has been created for Feds, esp. those who pride themselves on long term high quality professionalism and are sick of being shat on by Congress, clueless right wingers, Tea Bagger morons, etc.

OMG this makes me love my life. I like to work. I have three amazing kids for whom I've spent countless tens of thousands of dollars a year to raise and educate. I still saved, but not up the wazoo. I'm guessing that around 70 or 75, with social security, I will have a comfortable retirement. But, I have enjoyed the entire ride along the way.

Agree. My kids are priceless. I hope you have 2 bad days in a row because I am sure your coworkers would love to see your sorry ass gone! You sound like a jerk!

[Anonymous]

Anonymous wrote:

I won't retire if I still have to work but I look forward to getting out of the dysfunctional cesspool that has been created for Feds, esp. those who pride themselves on long term high quality professionalism and are sick of being shat on by Congress, clueless right wingers, Tea Bagger morons, etc.

Ha ha! This is me, another fed tired of being shat on. But I have 10 years to go before I'm eligible for retirement. So instead I'm about to accept an offer for tens of thousands more than my senior fed job pays. Don't believe those Heritage goons who say we're all overpaid. Instead read the recent CBO report that says the admins are overpaid, but us senior feds are underpaid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm pushing 50 and do not see any way that I retire in the next 20 years. My kids are little, my retirement savings are small (and stagnant) and the debts (including the house) are in the hundreds of thousands. Oh well.

How did that happen?

I checked and found that we're pretty much average Americans. Not everybody gets the nice house on the cul de sac with a shiny sedan. It's OK, I don't like golf anyway.

No, I do not believe the average American has hundreds of thousands of dollars of debt when they are 50 or older. But keep telling yourself it doesn't matter. What I meant was, is this consumer debt, mortgage debt, grad school debt, what?

[Anonymous]

Anonymous wrote:Retirement is a fabric of some pie in the sky bs created in the last 40 year. My dad retired for 1 year at age 65 but was too bored and went back into the field and worked in hardship foreign service posts to make extra money. My dad worked till 73 and 2 weeks before he died, THATS american , not lazying around doing nothing. I plan on doing the same and if my wife wants to retire so be it.

I've worked 50 - 75 hours a week since I was 25, other than two 3 month maternity leaves. You bet your bippy I plan to retire, and do absolutely nothing except count my money.