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  #16  
Old 11-06-2013, 10:45 PM
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Quote:
Originally Posted by Hatterasguy View Post
My idea of retirement is just messing about in boats. Lots of traveling for deliveries, races, whatever. Also quite a bit of time up in Mystic working on them would be fun.

I'd like to have the time to get involved with wooden sailing ships. I love to travel but off the beaten path, ie I would never go on a cruise even if it were free.

Once my townhouses are built and paid off I'm done, see ya later. I love what I do but their is more to life. I have a number of units in my head that once I hit I'm just going to stop. I know a number of guys in this business who are addicted to the deal and fully intend on dieing in their office.
You must have an active mind. I enjoy learning about older Mercedes. Not just knowing but learning. Some people go back to school, which I have always detested, but learning is fun.

Some people play golf, some people learn. In my case I hope to never stop improving in any way I can, although there is a curve involved in which ability diminishes at a rate determined by the loss of your health. When that time comes you can be a Mentor to others and you can work through them. Sharing your knowledge of boats would seem to be a welcome thing to someone who has the same love of boats as you.

As far as retiring quickly or easing out I don't think one way is superior to the other. I have seen people leave and drop out of sight and I have seen them linger around the company in any way they can.

As a poster stated earlier it is best to think of retirement as a new adventure and not something that is an either yes or no situation.

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  #17  
Old 11-06-2013, 10:49 PM
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Originally Posted by Mike Murrell View Post
I posted exactly what I was told in 2 different conversations with SS. I'll check back with them.

Update - ElChivito - you are correct about $1 being withheld for every $2 over the $15k annual limit, but if you earn enough, you end up with a substantial amt. being withheld from your SS benefit. You could actually end up losing several months worth of SS checks if your income was high enough. See the example provided in the following URL:

How Working in Retirement Affects Your Social Security Benefit - US News and World Report
I have never given this much though. I have someone who deals with my financials and they tell me I am doing well. The person that checks up on them tells me the same.

I would never let something like Social Security inhibit me from a deal. Dealing is too much fun, and if I miss out on some Social Security then so be it. I cannot live my life based on their rules.
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  #18  
Old 11-06-2013, 11:01 PM
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Originally Posted by Idle View Post
I would never let something like Social Security inhibit me from a deal. Dealing is too much fun, and if I miss out on some Social Security then so be it. I cannot live my life based on their rules.

I agree. Dealing could be fun I suppose...real estate/whatever. My point pertains to say a tech...IT, engineering, etc.

He's retired and making a contractors wage which might not impress a dealer like yourself, but in the end, he can end up working for less $$....dealing with all the BS and now losing a $1 for every $2 over the $15 annual limit.

The URL I included above shows the math.
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  #19  
Old 11-06-2013, 11:06 PM
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Originally Posted by kerry View Post
elcivito is correct about SS from what my neighbor down the street says. He took early SS and is running up against the limit each year. But he says its $14,xxx.
The limit for 2013 moved to $15120. See the URL I added above.

If you're hurtin' for dinero, then you may just have to suck it up. If you're going back to work because you're bored, you might want to find something to do that doesn't push you too far over the limit and is fun at the same time, like bein' the door man at a brothel.
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Last edited by Mike Murrell; 11-06-2013 at 11:17 PM.
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  #20  
Old 11-06-2013, 11:18 PM
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So long as your income stream is ok, why on earth do you work after retirement age?

Early retirement -- 10 years, was wonderful, and still is.

I answer to nobody, travel comstantly, read, work on my cars, and have a wonderful life.

I don't even wear a wristwatch anymore, as I could care less what time it is, and don't even own or view a televison...

Yet my days are full, and happy.

YMMV of course, and I respect anyone, who gains happiness and a sense of fulfillment from working....

BUT....

At a funeral, have you EVER heard anyone say at the eulogy, "You know, he sure got a lot DONE" ?
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  #21  
Old 11-06-2013, 11:27 PM
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Originally Posted by Jim B. View Post

At a funeral, have you EVER heard anyone say at the eulogy, "You know, he sure got a lot DONE" ?
Maybe at Einstein's funeral.
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  #22  
Old 11-06-2013, 11:41 PM
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Originally Posted by Jim B. View Post
So long as your income stream is ok, why on earth do you work after retirement age?
Yep....but best to make sure you can walk away B4 doing so.
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  #23  
Old 11-07-2013, 02:39 AM
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Quote:
Originally Posted by Jim B. View Post
So long as your income stream is ok, why on earth do you work after retirement age?

Early retirement -- 10 years, was wonderful, and still is.

I answer to nobody, travel comstantly, read, work on my cars, and have a wonderful life.

I don't even wear a wristwatch anymore, as I could care less what time it is, and don't even own or view a televison...

Yet my days are full, and happy.

YMMV of course, and I respect anyone, who gains happiness and a sense of fulfillment from working....

BUT....

At a funeral, have you EVER heard anyone say at the eulogy, "You know, he sure got a lot DONE" ?
I don't know, Jim. Usually, what you hear is a lot of what the individual got done. As an example, here's a partial obit of a guy I grew up with, that died last month in Calif.:

An accomplished musician, Joe played saxophone with Omaha-based Bumpy Action, the leading regional rock band of the early 1970s. He also hosted Lincoln's first radio show dedicated to underground rock music, pioneering a format that signaled an innovative departure from the commercial, top-40 formats of the time. Joe graduated from Westside High School, and attended Cornell College in Mt. Vernon, IA, and the University of Montana's School of Business in Missoula, MT. In 1987, he moved to Los Angeles, CA and entered the rapidly growing field of satellite television. In 1989, he founded a firm specializing in the installation of large-scale commercial satellite systems. His clients included casinos and hotel chains. Joe died at his home in Riverside, CA.
No Services are planned. His wit, intellect, music, and compassion for others live on in the hearts of his friends and family
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  #24  
Old 11-07-2013, 06:31 AM
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Quote:
Originally Posted by benhogan View Post

But what if you are all travelled out, volunteered out, and the diesel is fixed. Then what?


So the question is...how did you transition to retirement (slowly or cold turkey) and what did you do post working years?
Diesel Fixed? This is easy! Buy another project car!!!
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  #25  
Old 11-07-2013, 06:55 AM
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If one loves what one is doing why would one stop?

If one does not love what one is doing, why continue doing it?
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  #26  
Old 11-07-2013, 07:44 AM
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^^ only for the money and the frickin healthcare (not going there...)

I am just tired of doing basically the same thing (defense industry buyer) for 33 years. In the beginning, it seemed somewhat worthwhile and honorable...buying hardware to keep the Russkies honest. But when that threat was overcome ( I even married one of them) the "mission" seems less and less worthwhile with every new idiotic "adventure" we attempt. The amount of money that is wasted is astounding. The BS I have to do is far removed from the core of what you would expect the job to be. I am more accountant, bureaucrat and writer than buyer.

I want a new career , after this one.

Quote:
like bein' the door man at a brothel.
Sounds like it could be good. Maybe some perks. Cash. I would like a night job for a change so I can see the sunrise in the morning and hear the birds....
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  #27  
Old 11-07-2013, 11:04 AM
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Planned downsizing after retirement is probably an ideal to consider. Many do not. If it matters at all in the overall scheme of things is another matter

Still it may free a person up to some extent. Or eventually reduce the load on family members.
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  #28  
Old 11-07-2013, 01:27 PM
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I retired at 62

I am an engineer that was engaged in hydroacoustics R&D. I saw retirement as an opportunity to do something entirely different. If I was going to continue in the same field, I would not have retired. Settled on becoming a Paramedic and worked in Richmond city, then a rural system. I loved it since feedback was almost immediate. You either helped someone or less often they sometimes died with your hands on them. Overall, it was a very satisfying second career.

Just retired from that. I am finally getting up there (77) and even though fully healthy believed that the stresses of that job could put me, my partners and my patients at risk. I was the oldest medic still on the street in my district and it was getting increasingly difficult to carry the Fat Lady down three flights of stairs.

Now, I am doing some writing, working on political campaigns and making my 300CD the car of my dreams as well as taking my wife to all the places in the world that I have been without her.

All-in-all, I can recommend retirement so long as you don't sink into the couch cushions.
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  #29  
Old 11-07-2013, 01:35 PM
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Doesn't sound to me like you retired so much as switched your pursuits. I've done that several times since my teen years and it's been great. That's my goal up to my last breath.
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  #30  
Old 11-07-2013, 02:10 PM
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Sounds good Rocky Raccoon. I would like to follow in your pawprints, but a second 15 or 20 career seems a bit much. I would like to do something where I get to be the boss, too, next time

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