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Posted: 12/13/2018 4:46:29 PM EDT
[#1]
Not me. I'm not even 65 and quit working almost 10 years ago. Fuck that.
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Posted: 12/13/2018 4:47:12 PM EDT
[#2]
I retired at 50.
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Posted: 12/13/2018 4:48:23 PM EDT
[#3]
If you work past your minimum retirement age, you are F-N stupid.
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Posted: 12/13/2018 4:48:44 PM EDT
[#4]
You must share your wealth...…………………..
of knowledge. 
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Posted: 12/13/2018 4:49:26 PM EDT
[#5]
Due to decisions on education on my part, I will most likely never be able to retire.
It is what it is. |
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Posted: 12/13/2018 4:49:36 PM EDT
[#6]
Retired at 45
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Posted: 12/13/2018 4:51:06 PM EDT
[#7]
If you were a machinist for 29 years, have a pension and SS, there are plenty of places you can live without working at WM. The issue at that point becomes choice of location and spending habits, not so much need.
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Posted: 12/13/2018 4:51:08 PM EDT
[#8]
My Dad just turned 69 and is still working but then again, he didn't work a whole lot the last 10 years.
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Posted: 12/13/2018 4:52:12 PM EDT
[#9]
Quote HistoryQuoted:
Not me. I'm not even 65 and quit working almost 10 years ago. Fuck that. I can't really blame her, she works from home three days a week and pulls in some very good coin. Every now and again I'll ask "when are you going to retire" and I never really get a firm answer.
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Posted: 12/13/2018 4:52:44 PM EDT
[#10]
work til 70, die 2 years later and you couldn't do anything more then hobble to the mailbox. but your financials were better................for your kids and relations.
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Posted: 12/13/2018 4:52:52 PM EDT
[#11]
Quote HistoryQuoted:
If you work past your minimum retirement age, you are F-N stupid. |
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Posted: 12/13/2018 4:53:42 PM EDT
[#12]
I probably won't ever retire. But that is fairly common in my profession. No real need.
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Posted: 12/13/2018 4:54:05 PM EDT
[#13]
Man the job security of working somewhere 29 years is just crazy to think about.
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Posted: 12/13/2018 4:54:40 PM EDT
[#14]
I’ve been mostly working part time since my 30’s. Prolly never fully retire ever
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Posted: 12/13/2018 4:54:57 PM EDT
[#15]
I'll be lucky to live to 65 let alone work after that.
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Posted: 12/13/2018 4:56:22 PM EDT
[#16]
Quote HistoryQuoted:
Retired at 45 |
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Posted: 12/13/2018 4:56:51 PM EDT
[#17]
All your eggs in one pension may not be the wisest decision, so it seems...
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Posted: 12/13/2018 4:57:19 PM EDT
[#18]
I am planning on retiring at 65, will have my house paid off 6 months before I turn 35 and no kids....sooo should be pretty easy to accomplish.
I'm not working till I die. I might start a "hobby business" or do something to earn some spare cash now and then but no way I'm working full time. I'll need something to fill up my time with no grand kids to entertain. |
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Posted: 12/13/2018 4:57:19 PM EDT
[#19]
Live fast , die young.
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Posted: 12/13/2018 4:57:23 PM EDT
[#20]
I feel for folks that got hit by medical issues, or something. Doesn't take much to wreck financial plans, but what some people think they need to spend money on these days is nuts. 50k boat? Yep, bigger truck to pull it, yep, huge house that costs a fortune, etc.
How many of you guys know people that know what an IRA is? 401k matching contributions? Gotta load up that social media account with all kinds of look at me cool guy/gal stuff. My brother once mentioned how tight fisted our father is. I replied be glad, I have colleagues whose parents are so bad with money and saving that they moved in with their children. 
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Posted: 12/13/2018 4:57:38 PM EDT
[#21]
Work or starve.
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Posted: 12/13/2018 4:58:01 PM EDT
[#22]
I'm working at 40 but don't want to any more.
Why are there millions of people working past 65? Because there are now millions of people older than 65. Wasn't always that way. Stupid article is stupid. |
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Posted: 12/13/2018 4:58:31 PM EDT
[#23]
I am 46 and at age 60...will make an assessment...if I enjoy my job...I will continue...if not...I am out the door.
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Posted: 12/13/2018 4:58:43 PM EDT
[#24]
Retired at 51 (LEO).
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Posted: 12/13/2018 4:58:55 PM EDT
[#25]
I'll probably be working in some capacity until the end.
I don't want to just sit around. |
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Posted: 12/13/2018 4:59:24 PM EDT
[#26]
We have cops that have been working 30-40 years. I mean, crap, if I worked doing what i do, I’d be a 64 yr old patrolman at 40 yrs
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Posted: 12/13/2018 4:59:24 PM EDT
[#27]
Quote HistoryQuoted:
If you were a machinist for 29 years, have a pension and SS, there are plenty of places you can live without working at WM. The issue at that point becomes choice of location and spending habits, not so much need. |
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Posted: 12/13/2018 5:00:28 PM EDT
[#28]
These are cautionary tales. If you learn the lesson that's being offered up for free here and and save your money, you won't have a problem. The guy who the story makes and example of put all his eggs in one basket that he didn't control. That kind of outcome is a complete shit sandwich but that doesn't mean you can't do anything about it
Your plan should include answers to questions like: - What if my pension plan goes bust and I'm forced to take a haircut? - What if I lose my job earlier than I planned? - What if the stock market under performs over the next X number of years? - What if the assumptions of the game (taxes, social security, ect) are modified by act of government between now and when I retire? Answering those questions doesn't mean you count out social security, or your pension, or your stocks, or your bonds, or whatever. It just means that you if you are dependent on a pension, you may want to put some backup money away in stocks or bonds. If you are dependent on your 401k, you may want use a lower rate of return in your planning than the historical average. If you need X number of years to hit "your number", maybe you need some private long term disability insurance in case you get injured and are unable to work up to your planned retirement date. |
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Posted: 12/13/2018 5:05:08 PM EDT
[#29]
States that the problem is 401k but gives an example of a failed pension program.
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Posted: 12/13/2018 5:05:16 PM EDT
[#30]
I’m 33 and plan on retiring around 55-60, fuck working in my 60’s. Having said that my parents are 67 and 69 and have zero desire to retire yet. Well, I think my dad is close but my mom sure as hell isn’t, she had a hip replaced and went to work the next day cause she was bored.
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Posted: 12/13/2018 5:05:41 PM EDT
[#31]
Hmmm. Some quick math says that if I get the minimum annual raise my company has every year I’ll be making $356K at 65. They’ll have to fire me.
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Posted: 12/13/2018 5:05:46 PM EDT
[#32]
Quote HistoryQuoted:
I am planning on retiring at 65, will have my house paid off 6 months before I turn 35 and no kids....sooo should be pretty easy to accomplish. I'm not working till I die. I might start a "hobby business" or do something to earn some spare cash now and then but no way I'm working full time. I'll need something to fill up my time with no grand kids to entertain. |
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Posted: 12/13/2018 5:08:12 PM EDT
[#33]
Quote HistoryQuoted:
If you work past your minimum retirement age, you are F-N stupid. |
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Posted: 12/13/2018 5:09:00 PM EDT
[#34]
Quote HistoryQuoted:
If you were a machinist for 29 years, have a pension and SS, there are plenty of places you can live without working at WM. The issue at that point becomes choice of location and spending habits, not so much need. |
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Posted: 12/13/2018 5:09:35 PM EDT
[#35]
Retirement for the masses has really only been going on for about 80 years.
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Posted: 12/13/2018 5:09:50 PM EDT
[#36]
Quote HistoryQuoted:
I probably won't ever retire. But that is fairly common in my profession. No real need. |
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Posted: 12/13/2018 5:10:04 PM EDT
[#37]
Quote HistoryQuoted:
Man the job security of working somewhere 29 years is just crazy to think about. |
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Posted: 12/13/2018 5:10:09 PM EDT
[#38]
Quote HistoryQuoted:
A guy I used to work with retired in March, at close to 70. He died 2 days ago. Quote HistoryQuoted:
Quoted:
If you work past your minimum retirement age, you are F-N stupid. He just enjoyed getting out, doing some work and bullshitting all day with the guys. |
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Posted: 12/13/2018 5:10:19 PM EDT
[#39]
Quote HistoryQuoted:
Health insurance is the biggest obstacle to that. Paying from 62 to 65 is damn near impossible for most. Quote HistoryQuoted:
Quoted:
If you work past your minimum retirement age, you are F-N stupid. |
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Posted: 12/13/2018 5:10:48 PM EDT
[#40]
I've got college bound kids, 70+ for me.
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Posted: 12/13/2018 5:11:00 PM EDT
[#41]
The main reasons our elderly have to work past 65 is that we no longer have integral family units with grandparents living with or near their children.
The main reason for that is socioeconomic mobility and chasing the dollar or "lifestyle" that is not worth living if it places family as a lower priority. Another reason is the way our homes are built, geared towards the self and not the family, and the indebtedness that people are trained to go into in order to acquire space that is too large for their income, then fill that space with more objects that they can't afford with consumer debt, which often requires both parents to work full-time (or one full-time, the other part-time), with no time for their child/children, who become less and less of a priority in the list of "things". |
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Posted: 12/13/2018 5:11:41 PM EDT
[#42]
There are legit reasons for some of these folks working past 65: an early death by a breadwinner; an illness; etc. These people have my sympathy.
However, I'll bet the yuuuuge majority is due to 1) a lack of planning/saving, and 2) overspending during the prime earning years. I know folks in my age group who just didn't plan and save enough. They also chased the latest crap - bigger houses, new phones, new cars, boats, motor homes, more guns, etc. They thought the gravy train would never end and they could save manana. The article fails to mention people like that. Why? Now they're still working because they have to. Choices have consequences. Remember the story of the Little Red Hen? |
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Posted: 12/13/2018 5:14:09 PM EDT
[#43]
I guarantee you I will be working until death.
I'm 47 and don't want to work anymore. |
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Posted: 12/13/2018 5:14:33 PM EDT
[#44]
65 was established as the retirement age when average life expectancy was 61...so today's retirement age should be ...82?
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Posted: 12/13/2018 5:15:25 PM EDT
[#45]
Do to a divorce and poor planning on my part, I will never be able to retire...
I'll work till I die or am forced to quit. |
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Posted: 12/13/2018 5:16:47 PM EDT
[#46]
$4 million in liquid assets or age 65, which ever comes first. I can do my job 3 days a week from home.
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Posted: 12/13/2018 5:17:52 PM EDT
[#47]
My dad retired at 58 from the power company, union pension/company “gap fill” until he hit SS age. They are just fine.
I plan on retiring in 25 years God willing with a state pension, a plump 401k, a few IRAs, but not SS lol that shit will be gone. If shit doesn’t work out I’ll just go out my own way, I’m not working to death. |
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Posted: 12/13/2018 5:19:05 PM EDT
[#48]
I have no illusion of retiring. The economic depression put me behind financially and threw my career trajectory off quite a bit. It is what it is, and I won't complain about it.
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Posted: 12/13/2018 5:19:07 PM EDT
[#49]
People think they will retire at 65. That’s about as much thought as they put in to retirement. And that’s why people have to keep working.
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Posted: 12/13/2018 5:19:18 PM EDT
[#50]
If you work 30 years and don't have your own personal retirement account that you can do just fine on, what were you doing for those 30 years?
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