Anonymous
02/05/2012 09:34
Subject: Not when, but WILL you retire?
Probably not. We're very frugal and save like crazy, but we had to use most of our non-401K savings to get through double job loss and financing a move to find work during the recession. We're underwater on our old home and lose money every month there. We expect it will take us 5 years to get back to zero, all together. Then we will have to save at twice the pace for the rest of our working lives to catch up on the savings we had to spend to get through the recession. We also have very low-income parents whose old age care we'll have to finance and a child. Even with our best efforts, we are going to have to work until we are in our 70s or 80s and will likely have to shortchange DC on college.
Anonymous
02/04/2012 23:56
Subject: Not when, but WILL you retire?
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.
Anonymous
02/04/2012 23:24
Subject: Not when, but WILL you retire?
I am 48 and have mentally checked out. I will keep on going in physically for another 14 years but I don't intend to do anything.
Anonymous
02/04/2012 23:22
Subject: Not when, but WILL you retire?
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.
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.
Anonymous
02/04/2012 22:46
Subject: Re:Not when, but WILL you retire?
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.
Anonymous
02/04/2012 22:41
Subject: Not when, but WILL you retire?
I hope to retire by 62. My job is physically demanding, not sure I can do it past that age.
Anonymous
02/03/2012 14:58
Subject: Not when, but WILL you retire?
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.
Anonymous
02/03/2012 14:55
Subject: Not when, but WILL you retire?
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.
Anonymous
02/03/2012 14:53
Subject: Not when, but WILL you retire?
Retired at age 59.
Anonymous
02/03/2012 14:51
Subject: Not when, but WILL you retire?
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.
Not the poster you are quoting but we are paying for college - paying full tution at a private college for kid 1 - but had nearly enough saved in 529s to pay for 4 years.
Anonymous
02/03/2012 14:35
Subject: Not when, but WILL you retire?
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.
Anonymous
02/03/2012 13:23
Subject: Re:Not when, but WILL you retire?
I'm still a distance away so it's hard to predict but I do think I might want to keep a hand in doing something after age 65 but don't want to stay at a full time desk job. At the moment I work for myself and I can see doing a little consulting here and there if the opportunity arose. We have saved a lot, and I expect we can save even more in the next 15 years as our childcare/education expenses start to wind down (she says hopefully...), so I am hoping that I won't NEED to work.
Anonymous
02/03/2012 13:15
Subject: Not when, but WILL you retire?
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.
But I've been squirreling away money in IRAs and 401ks since I was 16.
Anonymous
02/03/2012 13:13
Subject: Not when, but WILL you retire?
I am hoping to, but I see a lot of people hanging on past 65or even 70 these days.
Anonymous
02/03/2012 13:02
Subject: Not when, but WILL you retire?
I just don't see it happening anytime soon. I'm wondering if I will retire. Neither of us have pensions so it seems like its risky to retire.