Reply to Separate finances: how to deal if one spouse isn't saving enough for retirement

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[quote=Anonymous][quote=Anonymous]If he’s a professor he doesn’t have to retire. The stresses of being a professor are primarily from having to produce a lot of original research to get tenure and promotions. Once he’s retirement age he can just keep teaching and get his entire paycheck. Stopping or significantly reducing research amounts to more than a 60% reduction in work - especially since he will be used to his classes at that point.

He will have summers and all breaks off, you can travel easily. This is the ideal retirement situation. I don’t get why you’re stressing about it. [/quote]

There are lots of downsides to academic positions but retirement isn’t one of them. Suppose you retire at 60. When he’s 60 he stops doing research and just teaches the standard classes each semester. These classes are already prepped, they’re a couple times a week and it’s not a big time commitment. You guys can still go out to dinner, take up a new hobbies, and travel all summer. From 60 to 70 he’s making his full salary AND maxing our retirement accounts AND staying engaged in his discipline. It’s a great gradual way to transition to retirement without giving up his salary. At 70 - after 10 extra years of retirement contributions, he should be able to officially retire and stop teaching. Then you can relocate to a different geographical location if that’s what you want. Honestly, relocation is the only real benefit of officially retiring. He has a really good deal with his job. Many professors stay until they’re 80 because they enjoy it. [/quote]

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