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Retirement - when to take that step (leap?)

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james_s:

--- Quote from: Bud on August 13, 2021, 05:02:35 pm ---"Camping a lot" made you feel great but that did Not hep build your assets, it was a liability and you were just burning your life.  What you are trying to do now makes much more sense, however I'd carefully explore local Regulations / Laws applicable to it. The $100/ year may well turn to something different once you build a permanent place of living on the land as it will be classified differently. It is likely all sort of licenses and permissions will be required for construction. And by the time you hit 60 the town may move closer and be at your doorsteps. The Taxman knows his shit  >:D

--- End quote ---

Personally I wish I had spent more time camping and doing other enjoyable things in my youth when I had the time, the social circle and the youthful health to make it more enjoyable. The older you get the harder it is to do that stuff, assets aren't everything.

victorb:
Retirement definitely snuck up on me too. I was in a similar boat, feeling burnt out and realizing I didn't want to wait until I was too old to enjoy life. So, I started planning my exit strategy early, focusing on what truly made me happy. This was going on trips with my family.

Smokey:

--- Quote from: nctnico on August 04, 2021, 12:18:53 pm ---
--- Quote from: aargee on August 04, 2021, 06:46:54 am ---Retirement seems like a dirty word but I'd consider the move to be more like a change in direction, maybe. I'm not necessarily the one to take up the recliner to set up in front of the TV, decline into an aged stupor, and then 'shuffle off this mortal coil'.

Just wondering how others have handled this and the transition to a better (or worse?) life.

--- End quote ---
Become a self employed consultant. That is also kind of being retired. Personally I don't think I'll ever retire - retire.

--- End quote ---

This one.  Assuming you actually have a truly marketable skill and have spent at least a little time thinking about how to personally market that skill.  If you have only been a company man your entire carrier and just show up to work and stay in your corner, it may be a shock actually needing to convince someone you don't already know that they should pay you real money for something.  The nature of the work also needs to be that you can do it mostly independently and don't rely on equipment or outside expertise you won't necessarily have. 

Note:  This is sort of good advice for anyone, not just the retired-curious.  At least something to consider.

tom66:
Consider a 3-4 day week, with reduced salary, before you retire.

See how you enjoy the extra time off traded against the pay reduction.

As nctnico points out, it may be possible to work as a contractor while retired, though in some cases that may impact your pension access.

Wil_Bloodworth:
I've done the math... I can probably retire when I after I turn 137.  Anytime before that and I'll just have to live under a bridge and eat squirrel.

- Wil

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