Retirement Papers Are In!!
Melting Slicks
Joined: Sep 2004
Posts: 3,024
Likes: 18
From: DFW Texas
Why you lucky dog you... Enjoy it.
I was anxiously awaiting it myself in teh next 12 months, until the economic disaster fell farther and faster than I could have ever dreamed. And, I did what my long time seasoned brokers said ... both a couple of weeks ago and 8 months ago. "Don't get out of the market now...you can't afford it" Well, you can only bleed so much.
Well, I just yesterday told my two "financial wealth managers" (What an oxymoron) to sell and take what is left and put it in cash. No more mutuals, no more bonds, 70% of equities gone except for 3 companies that haven't been hit that hard and have good dividends.
I still have 2 kids at home, but I had them covered but no more...I can envision them home for another 10 years -
Maybe in another 2 or 3 years. I SO WANT to be out of the rat race... People say retirement is hard.. BULL S**T. I know I can be one of the best at doing nothing all day....except what I want to.
Anyway... Good Luck ------->
I was anxiously awaiting it myself in teh next 12 months, until the economic disaster fell farther and faster than I could have ever dreamed. And, I did what my long time seasoned brokers said ... both a couple of weeks ago and 8 months ago. "Don't get out of the market now...you can't afford it" Well, you can only bleed so much.
Well, I just yesterday told my two "financial wealth managers" (What an oxymoron) to sell and take what is left and put it in cash. No more mutuals, no more bonds, 70% of equities gone except for 3 companies that haven't been hit that hard and have good dividends.
I still have 2 kids at home, but I had them covered but no more...I can envision them home for another 10 years -
Maybe in another 2 or 3 years. I SO WANT to be out of the rat race... People say retirement is hard.. BULL S**T. I know I can be one of the best at doing nothing all day....except what I want to.
Anyway... Good Luck ------->
Moderator
Joined: Jul 2005
Posts: 28,858
Likes: 819
From: Parrish FL
St. Jude Donor '06 thru '26
Congrats on yur retirement! 
I am scheduled to go myself September '10. Today while in a meeting my boss stated for all to hear that "You don't have to retire next year" and that they would love for me to stay on longer! They just don't understand! 
I am scheduled to go myself September '10. Today while in a meeting my boss stated for all to hear that "You don't have to retire next year" and that they would love for me to stay on longer! They just don't understand!
Le Mans Master
Joined: Feb 2007
Posts: 9,296
Likes: 1,531
From: Oviedo Florida
2024 C5 of the Year Finalist - Modified
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Good luck with your new career. Best advise I can
give - to have several hobbies. Plan every day and
you won't become bored and pass away early.
give - to have several hobbies. Plan every day and
you won't become bored and pass away early.
Racer
Joined: Aug 2000
Posts: 364
Likes: 3
From: Van Wert Ohio
CONGRATS!!! I'm retiring at the end of May myself after 42 years at the same place. Go to see Social Security this week. Looking forward to it as well...just as weather gets better to get the car out.
ENJOY!
ENJOY!
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Tech Contributor
Joined: Dec 2006
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From: Van Buren Arkansas
Wounded Warrior Escort '11
Yeah, congrats to you and the upcoming event. I'm looking at doing it myself come Nov 1st when the GAT rate changes. Not an absolute yet, but on the serious side of thinking about it.
Le Mans Master
Joined: Aug 2000
Posts: 5,808
Likes: 1
From: Sierra Foothills California
Congratulations!! I filed my retirement papers yesterday! I work for the govt. in Ca. and the "governator" furloughed all state workers two days a month (for 18 months but my guess is it will probably get extended) . Essentially a 10% pay cut. Originally I'd planned on working until age 66 but I decided to retire and draw an early (64) social security. I can't wait to not go to work! I'll make more money retired.
I'll make more money retired.
Last edited by Vettman 1; Feb 25, 2009 at 09:32 PM.
Administrator
Joined: Mar 2001
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From: In a parallel universe. Currently own 2014 Stingray Coupe.
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St. Jude Donor '03 thru '26
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Congrats on the pending retirement. I can tell you it is very nice not having to worry where your next paycheck is coming from - the retirement check is deposited right on time.
Le Mans Master
Joined: Sep 2007
Posts: 7,604
Likes: 8
From: Belleville Il
We are the fortunate few
!!! For all the ones that say "I don't know what I'd do if I retired",,,,HA!!! I have an old house I'm rehabbing by myself,,the wife has me putting hardwood floors in ours. Every relative and friend thinks you are always available to help with something!! I don't even have time to work on my vet!!! Don't even want to think about the 34% hit my retirement fund took,, but with a couple of small(and I do mean small) pensions ,SS and a wife still working getting by!! Hope to finish my project this spring,,maybe then I'll have time for my toys.Who knows ,knowing the wife she'll have other plans!!She's a special ed teacher,,at least she's off in the summer. Hope to get some miles in then!! Congrats,,Enjoy life,,,,hope they let you have some time to yourself!!!:ch eers:
!!! For all the ones that say "I don't know what I'd do if I retired",,,,HA!!! I have an old house I'm rehabbing by myself,,the wife has me putting hardwood floors in ours. Every relative and friend thinks you are always available to help with something!! I don't even have time to work on my vet!!! Don't even want to think about the 34% hit my retirement fund took,, but with a couple of small(and I do mean small) pensions ,SS and a wife still working getting by!! Hope to finish my project this spring,,maybe then I'll have time for my toys.Who knows ,knowing the wife she'll have other plans!!She's a special ed teacher,,at least she's off in the summer. Hope to get some miles in then!! Congrats,,Enjoy life,,,,hope they let you have some time to yourself!!!:ch eers:
