Domain: tiger-web1.srvr.media3.us Retiring at 50 | Page 3 | O-T Lounge
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re: Retiring at 50

Posted on 9/19/22 at 9:49 am to
Posted by Tiger Ryno
#WoF
Member since Feb 2007
107741 posts
Posted on 9/19/22 at 9:49 am to
My wife and I do well Financially. Mortgage is only debt but no way could I think about retiring at 50.
This post was edited on 9/19/22 at 9:50 am
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
137664 posts
Posted on 9/19/22 at 9:50 am to
Post this in the trucker thread, but a lot of retiree's are now getting their CDL and driving trucks, couples doing it. You get paid, work when you want, and travel the country.

I mean, doesn't sound all that bad to me.
Posted by 0
Member since Aug 2011
17746 posts
Posted on 9/19/22 at 9:50 am to
I'm not sure if i'll ever be able to stop working even though I should be in decent shape before my retirement years. I just dont see myself being able to enjoy life if I'm not being productive in some way.
Posted by cyogi
Member since Feb 2009
5145 posts
Posted on 9/19/22 at 9:51 am to
quote:

Retiring at 50


Good luck with healthcare. I'm not meaning to be negative, I just know of several people retired early and struggled with health insurance.
Posted by SalE
At the beach
Member since Jan 2020
3012 posts
Posted on 9/19/22 at 9:53 am to
Then what...shuffle board at the Senior Center?
Posted by madamsquirrel
The big somewhere out there
Member since Jul 2009
55689 posts
Posted on 9/19/22 at 9:53 am to
quote:

That's rather depressing to think I have 17 years left to work
that is why we moved now. We are pretend retired every afternoon and weekend but continue to work because private pay Healthcare is not happening for that long.
Posted by CoyoteSong
Colorado
Member since Aug 2021
2603 posts
Posted on 9/19/22 at 9:54 am to
I am retiring at 55. Completely debt free right now. I can not wait. If some of my investments will perform a little better I will retire at 50.
Posted by LaLadyinTx
Cypress, TX
Member since Nov 2018
7178 posts
Posted on 9/19/22 at 9:55 am to
quote:

I'm 45 and aiming to hang it up in 5 years. I should have my debt paid off and the kids will be on their own. The next 10 years should be my highest earning years, but I'm burnt out. Has anyone walked away from a decent salary and retired early?


What is your plan for insurance? That's what usually keeps people working.
Posted by haikarate
Member since May 2011
1642 posts
Posted on 9/19/22 at 9:55 am to
Retired in January at 54. Life is good
Posted by NWarty
Somewhere in the PNW
Member since Sep 2013
2181 posts
Posted on 9/19/22 at 9:55 am to
quote:

retired from the military at 49. Did 30 years. I got an easy job to supplement and keep busy. When my daughter graduates in 3 years, I may consider not working at all.


Even though I did 23 years (17 active), I won’t be able to retire until 58. Between that pension, VA disability, and my small state job pension, that’s when I’m calling it quits.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53317 posts
Posted on 9/19/22 at 9:55 am to
quote:

that is why we moved now. We are pretend retired every afternoon and weekend but continue to work because private pay Healthcare is not happening for that long.

Yeah we are just waiting on the empty nest which should be just a few years away but no way I'll retire any time soon.
Posted by madamsquirrel
The big somewhere out there
Member since Jul 2009
55689 posts
Posted on 9/19/22 at 9:57 am to
Our friends up here are retired and golf every day. We work when they golf so it works out.
Posted by BabyTac
Austin, TX
Member since Jun 2008
16133 posts
Posted on 9/19/22 at 9:57 am to
In the same boat. 45 now and managing people and their problems is not for me. My plan is not to retire at 50, but step back into a senior type role, make a decent salary, and just do my job without being responsible for others. Hell I could do that now, but is hard to walk away from a fat salary and bonus structure even if miserable.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53317 posts
Posted on 9/19/22 at 10:01 am to
quote:

Our friends up here are retired and golf every day. We work when they golf so it works out.

The good thing is that we had kids relatively young. The bad thing is that we didn't save much at that age because we were young and relatively broke because of the kids
This post was edited on 9/19/22 at 10:02 am
Posted by TigerIron
Member since Feb 2021
3946 posts
Posted on 9/19/22 at 10:04 am to
(no message)
This post was edited on 11/4/22 at 11:27 am
Posted by facher08
Baton Rouge
Member since Aug 2011
5761 posts
Posted on 9/19/22 at 10:13 am to
quote:

That's a critical one. Ask the 50 year old with a 5 year old if he wishes he had the kid 15 years sooner.


Did that 50 year old take care of himself enough to maintain his energy levels past mid-life or is that 50 year old getting sloppy with a beer gut and tired all the time?

I will never tell my kids to start a family as quick as possible. My friends that did that missed out on prime years of their lives because they thought they had grow up as fast as possible.
Posted by dukesilver72
Texas
Member since Feb 2015
1194 posts
Posted on 9/19/22 at 10:14 am to
My goal is 55, still 16 years away but i feel good about my savings and plan.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
69844 posts
Posted on 9/19/22 at 10:16 am to
quote:

I will never tell my kids to start a family as quick as possible


Probably for the best since their father can't comprehend all that it means. I'm not telling my kids to knock someone up or get knocked up at 15. The word possible clearly means something way different to you than it does to me.
Posted by El Segundo Guy
1-866-DHS-2-ICE
Member since Aug 2014
11499 posts
Posted on 9/19/22 at 10:19 am to
I did. I was burnt out. Now I fish and tend to cattle.
Posted by LSUFAITHFUL
Member since Oct 2007
1089 posts
Posted on 9/19/22 at 10:21 am to
You may need to ensure that you can draw on saved amounts at 50.

For example, 401k assets, you would pay a penalty for early withdrawals
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