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Retirement - when to take that step (leap?)

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dietert1:
When getting older, we need more time to recover. At 45 i used to run 10 km each and every day, while at 55 it was every second day. Also there seems to be a tendency to increase weight and become lazy, while the human body needs physical activity to stay healthy (sweat!).
When those requirements no longer combine with your job, it's time to retire. The average forum member should have enough ideas for projects. No need to be afraid. I recently built a 10 m² roof to cover the entrance of our house, including two concrete columns. Took four weeks and saved some money. I can still contribute something useful.

Regards, Dieter

coppice:

--- Quote from: tom66 on March 13, 2024, 10:17:13 am ---One amusing thing about annuities is they tend to give you more if you're unhealthy, such as if you smoke... which begs the question as to how exactly they definitively prove that you do smoke regularly.

--- End quote ---
I was amused by those things, too. Can you just claim to engage in dangerous habits and extreme sports, or do they check regularly to ensure you are doing your best to kill yourself?

bdunham7:

--- Quote from: guenthert on March 13, 2024, 08:57:08 am ---I have now doubts, that those financial advisors really have my best interest in mind. ;-}

--- End quote ---

It has been said that until proven otherwise you should consider any financial adviser, insurance salesman or real estate agent you meet to be a hardened criminal who is going to try and steal from you and has experience doing so.

coppice:
Its nice if you can choose when to retire. Huge numbers of people are given little or no choice. Some are happy with that. Some are not. I wonder what the overall figures are for people's feelings about the reality of their retirement? Few people have a really good transition from work to retirement. After 40 years of working 5 days a week its quite a shock to the system if it happens suddenly, however it works out. Some people are able to phase out work gradually, and adapt, but most aren't. Civil servants in many places seem to have good provision for this. Some people look forward to retirement, end work happily while still fit, then fade away in just a couple of years and die. That's really sad to watch.

coppice:

--- Quote from: bdunham7 on March 13, 2024, 06:21:44 pm ---
--- Quote from: guenthert on March 13, 2024, 08:57:08 am ---I have now doubts, that those financial advisors really have my best interest in mind. ;-}

--- End quote ---

It has been said that until proven otherwise you should consider any financial adviser, insurance salesman or real estate agent you meet to be a hardened criminal who is going to try and steal from you and has experience doing so.

--- End quote ---
I think it can be worse than that. I've seen financial advisers willing and able to give good advice, but constrained by the regulations they work under to give very poor advice. The whole system sucks in ways that seem unfixable.

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