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A very big day today!

Early retirement has arrived! I retired today after 31 years in banking. What a blessing to have a pension these days. It's 75 degrees outside, and I am about to put together a Belvedere martini straight up. I feel great, my wife is cute, and I'm ready for some new adventures. And summer hasn't even started. I'm going to barbecue on weekdays instead of waiting for the weekend. I'm in a hurry to do nothing. I know most of you are 30 something; max your 401k contributions, stick money in an account you can't touch every payday, throw $40 or $50 in a hiding place every time you go to the ATM, and make it your goal to get out at 55. BRB, gotta go get some olives right now -

"Molon Labe"

Comments

  • Stone193Stone193 Posts: 24,486 ✭✭✭✭✭
    Congratulations!

    I'm thinking of hanging it totally up soon.
    Mike
  • Bosox1976Bosox1976 Posts: 8,567 ✭✭✭✭✭
    image

    CONGRATULATIONS!!!!

    It's nice to know when you have won. I am absolutely tickled for you.
    Mike
    Bosox1976
  • r00kies101r00kies101 Posts: 263 ✭✭
    Congrats and great advice!! I hope when I am ready to retire, I will have the money and health to enjoy it! ~20-25 more years to go. image
  • TNP777TNP777 Posts: 5,710 ✭✭✭
    good for you - believe it or not, but I'm very happy for you. I'd like to say I'll be there someday, and God willing, I will. Have fun enjoying life and hopefully discovering how great stress-free living is.
  • Congrats! I hope to be done by 55! Nine more years and I am out! Enjoy everything
    1911 C55 hockey
    1935 National Chicle
    1961 Golden Press
    1962 Bell Brand Dodgers
    Top 200 cards in the hobby
    Top 250 cards in the hobby
    All time lakers
    All time Dodgers
    1957 Disney Characters
    1965 Donruss Disneyland
    1966 Get Smart
    Brian
  • kidzfundkidzfund Posts: 565 ✭✭✭
    Congrats! What a thrill!
    image
  • RipublicaninMassRipublicaninMass Posts: 10,051 ✭✭✭
    image
  • zep33zep33 Posts: 6,897 ✭✭✭
    Big congrats!!!

  • fattymacsfattymacs Posts: 2,581 ✭✭✭
    Congrats!!! Enjoy yourself and may it be all you hoped it would be.

    I'm not really the relaxing type, I'll work till I'm dead.
  • Carew29Carew29 Posts: 4,025 ✭✭

    I'm in the banking business myself with the "now" (5th) largest. You know--"the bank" that didn't do the shady mortage loansimage Only 15 more years to go for my vested pension!! Great info sidepocket-- enjoy life and your wife!! I turn 50 in January and i am currently 10% 401k/health insurance per check. 55 it goes to 15%, 60 it goes to 20% and age 65 until i decide to retire it will be 25%. And this without SS in my future retirement.
  • RAPTORSRULE04RAPTORSRULE04 Posts: 194 ✭✭✭
    I'm with you. 5 years for me. Pave the way.
  • thedutymonthedutymon Posts: 4,323
    Evening,
    I'm with you....53 now, 6-9 more years till I can. Wife is 7 years younger so as much as I love her, she gets to work the extra years simply to supply the Health Insurance.

    I am envious!!!!!!!

    Neil
    Actually Collect Non Sport, but am just so full of myself I post all over the place !!!!!!!
  • Congrats.... I hope I have 17 years left...
    Cory
    ----------------------
    Working on:
    Football
    1973 Topps PSA 8+ (99.81%)
    1976 Topps PSA 9+ (36.36%)
    1977 Topps PSA 9+ (100%)

    Baseball
    1938 Goudey (56.25%)
    1951 Topps Redbacks PSA 8 (100%)
    1952 Bowman PSA 7+ (63.10%)
    1953 Topps PSA 5+ (91.24%)
    1973 Topps PSA 8+ (70.76%)
    1985 Fleer PSA 10 (54.85%)
  • Congrats to you. I'm self-employed and I will retire when I'm 155.
  • MooseDogMooseDog Posts: 1,948 ✭✭✭


    << <i>Congrats to you. I'm self-employed and I will retire when I'm 155. >>



    Sidepocket - congratulations and enjoy your retirement. My dad was forced to retire and didn't know what to do with himself without work. Sounds like you'll have no such problem.

    Unfortunately, I'm with MrReuter - self-employed. I've loved the independence but never hit a homer and I'll be working in some form until the day I drop.
  • HoofHeartedHoofHearted Posts: 2,537 ✭✭
    Damn, it always happens to "the other guy". I'm 56 2/3 years old (but who's counting??), so it's a ways off for me yet. I'm so envious of you!

    But, I'll keep the 401K contributions going, too. I can't believe someone else does the "$40 to me" first after withdrawing from the ATM. Great advice!

    Great job retiring!
  • akuracy503akuracy503 Posts: 1,923 ✭✭✭
    A very congratulatory merry retirement to you!

    Was one of your secrets to never spend a dime on modern packs?
    Did you happen to ever compete in the set registry?

    Some hobby advice from a retiree is welcome.

    CU Ancient Members badge member.

    Collection: https://flickr.com/photos/185200668@N06/albums

  • Congratulations. Have many fun adventures together. Remind me again what a pension is? image
  • melvin289melvin289 Posts: 3,019
    I'll turn 62 this coming November. Not sure if I'll retire or not. I'm wondering if it will be easier to work when you don't have to after turning retirement age. Medical problems took a chunk out of what was to be my retirement and this is with decent health insurance. So, all you younger members plan for unplanned expenses and don't get caught with the old proverbial pants down.

    Congrats on your retirement and enjoy.

    Ron
    Collect for the love of the hobby, the beauty of the coins, and enjoy the ride.
  • GarabaldiGarabaldi Posts: 2,004 ✭✭✭
    Congrats on the retirement and thanks for the advice. The bottom line is that you have to have discipline and save for the future. You also need some luck along the way. Smart investing and hopefully not have a divorce.
  • larryallen73larryallen73 Posts: 6,069 ✭✭✭
    Based on what my 401k and other investments are worth now (I am in my early 40's) I should be able to retire by the time I am 122... assuming we can live a simpler lifestyle at that time... otherwise will have to keep working until about 175 or so.

    Congrats to you. I am jealous!
  • fiveninerfiveniner Posts: 4,111 ✭✭✭
    CONGRATS ARE IN ORDER!!!! I plan on hanging up my telzon scanner between Jan and May of 2011 after 45 years in the Grocery Buisness.Then me and the wife are riding that AMTRAK all over the country.


    Tony
    Tony(AN ANGEL WATCHES OVER ME)
  • hammeredhammered Posts: 2,671 ✭✭✭
    image
    Congrats
    Been waiting for that day myself
    Got awhile to go
  • hockeycrazyhockeycrazy Posts: 309 ✭✭
    Congratulations on winning the game. Many happy years on you new adventure! dave
  • depcsdepcs Posts: 74 ✭✭
    I want to add my congratulations as well. I also was lucky enough to have a pension with health insurance and retired three years ago at 55 after 33 years with the Dept of Corrections. Life is good. I agree with the previous advice- save as much as you can and then save more. My financial advisor said that it reduces your standard of living while you are working and makes it easier to retire with less. Dave
  • SidePocketSidePocket Posts: 2,901 ✭✭✭
    Was one of your secrets to never spend a dime on modern packs? Did you happen to ever compete in the set registry? Some hobby advice from a retiree is welcome.

    Now that I'm retired I'll have to watch my card spending and scale back a little, but I usually try to stay away from modern other than Heritage and the CU group rips. No registry for me.

    "Molon Labe"

  • MCMLVToppsMCMLVTopps Posts: 5,005 ✭✭✭✭✭
    Side...

    Big congrats on your new found freedom!!! I was able to retire from the Federal Government about 9 years ago with a nice pension. I echo your comments to those who are still stroking it every day. Put as much as you can in your 401k at work and get a Roth going as well, it's the only way you can have some peace of mind when you finally pull the pin.

    You will soon be amazed at the amount of things to do around your house and wonder how did you maintain the place when you worked! Watch out for the clicker sitting next to your easy chair, it's so simple to get into tv mode and do nothing day after day. The secret is to have a hobby, and there are zillions out there, from Radio Control airplanes to taking flying lessons...whatever floats your boat, do it and enjoy the moment.

    I must tell you, that one of my "cheap thrill" moments is when I hear a good rain going down the downspout outside my bedroom. It wakes me for a second, then I smile thinking of my friends (former co-workers), who are on the Interstate, wipers slapping away, sipping their coffee to stay awake and heading in for another day.

    Spend a couple of weeks to savor the moment...sit out on the deck and listen to the birds and totally drink in the freedom you have. In about 2-3 months you will feel an incredible peace come over you, for now you are really free as a bird. I am now at the point of actually not sure of what day it is, and do struggle when shopping and have to write a check and ask for the date. You will also be amazed at how easy trips to Home Depot or Lowe's is on say a Tuesday at 10 AM. LIFE IS GOOD!!!

    To those who are still incarcerated...plan ahead, get your finances in the best order you can, save, save, SAVE!!!. You will know when the time is right and when you've had enough. The best to all, retirement is truly a wonderful thing, experience it as soon as you can, life's a short ride.

    Illigitimi non carborundum...Google it.

  • stownstown Posts: 11,321 ✭✭✭
    Congrats and enjoy image
    So basically my kid won't be able to go to college, but at least I'll have a set where the three most expensive cards are of a player I despise ~ CDsNuts
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