Go Native 70 Posted August 26, 2009 Share Posted August 26, 2009 I made a decision this last week that I will retire at 50, so that's 12 more years of full time work left for me. Couple of reasons I decided I wasn't going to work any longer than that. Firstly I barely saw my father during my teenage years he worked so much and although I'm nowhere near the workaholic he was I fully intend to be around more for my daughter. Secondly both my father and uncle, the two biggest male influences on my life, died of cancer before they retired not allowing them to enjoy the fruits of their years of hard work. Luckily I was adopted so the cancer genes haven't been passed onto me but I really want to spend a good 15-20 years enjoying retirement. And lastly I have just never really enjoyed working for a living. I've enjoyed some of the jobs I've had and the people I've worked with over the years but I've just never liked that I had to work, that I had no choice in the matter. Of course retiring may not mean I never do any sort of paid work ever again and I certainly won't stop playing with my investments it's just I'll only do what I really want to do. Anyway what about you guys, when do you want to retire? Link to post Share on other sites
2pints-mate 0 Posted August 26, 2009 Share Posted August 26, 2009 End of next month would be good, but I am also thinking about 50. Link to post Share on other sites
Tubby Beaver 209 Posted August 26, 2009 Share Posted August 26, 2009 tomorrow Link to post Share on other sites
BagOfCrisps 24 Posted August 26, 2009 Share Posted August 26, 2009 ASAP. I have often put a few moments thought into this, but don't have any answers yet. Interesting how probably lots of Dads (our dad generation) will be/have retired after 60. I bet that number is coming down. Link to post Share on other sites
Yuki's Passion 1 Posted August 26, 2009 Share Posted August 26, 2009 I think 50 is a good age too, but most unlikely my kids will be outta uni. Want them to be outta uni, then Ill retire (future Mrs CB will agree too Im sure ) Link to post Share on other sites
foreversnow 5 Posted August 26, 2009 Share Posted August 26, 2009 I would love to retire when I am 50 but unfortunately wouldn't be in a financial position to do so. GN nothing is more important than spending time with your children - we don't have children but have spent heaps of time with my nieces and newphews as they were growing up and cherish those memories now that they are grown up and doing their own things. It it time that you can never get back. Link to post Share on other sites
thursday 1 Posted August 27, 2009 Share Posted August 27, 2009 Not sure, I'm not sure what I want to do when I do retire Link to post Share on other sites
Curt 1 Posted August 27, 2009 Share Posted August 27, 2009 Really never thought about it other than quick default thoughts of "as soon as I can". Link to post Share on other sites
hellyer 216 Posted August 27, 2009 Share Posted August 27, 2009 When to retire? what time is it now Link to post Share on other sites
Jynxx 4 Posted August 27, 2009 Share Posted August 27, 2009 Retirement is boring and over rated. Unless you want to do something. So if you want to go snow, or skydiving while you can do it, do it now ! You can't go hard core (prolly don't want to) when you are 70. I've probably been retired since 32 when I had my first house fully owned and now at 50 I don't have one and I want to work again. Also so much more fun doing it with my wife I want more. Life can't be planned and I wasn't planning on meeting her and wanting kids in the future... and now I am planning. Priorities are getting a re shuffle. However, I still would like to teach or become a monk at 70 or something and I felt that way since I was 25. It's about doing work and lifestyle I really like about. Link to post Share on other sites
Go Native 70 Posted August 27, 2009 Author Share Posted August 27, 2009 Well I have been thinking about retiring pretty much since the first day I ever started working. Part of that has been investing in property and shares and we've done pretty well out of that. Factor in a few small inheritances from my wife's and my grandparents kicking it in the next 12 years and I reckon we'll be able to make a go of it financially. And my wife is 7 years younger than me and there's no way I'm letting her retire till she's at least 50 as well Link to post Share on other sites
RobBright 35 Posted August 27, 2009 Share Posted August 27, 2009 When I have enough money not to worry about work. Link to post Share on other sites
Jynxx 4 Posted August 27, 2009 Share Posted August 27, 2009 How much money is that ? Once my friend's dad told me you need 5 houses to retire comfortably in OZ. One to live in, 3 for rental income and one to pay the tax. Again, lifestyle issue. What kind of living arrangement and cash flow . Link to post Share on other sites
Mantas 3 Posted August 27, 2009 Share Posted August 27, 2009 50 is pretty ambitious GN. Good luck with that. I used to say that 10 years ago. It looks like at least 60 for me. We are doing OK finacially, small mortages and high value property. I think they would call us, asset rich, cash poor. The reality is kids cost TRUCK LOADS of money. And if you want them to have a good life and participate in all the activities on offer then you will be spending all that income, that was meant to be going into the nest egg, on them. Link to post Share on other sites
bobby12 0 Posted August 27, 2009 Share Posted August 27, 2009 if you enjoy your job then its sensible to keep working until 67 or whatever because financially it is so much better than retiring. i guess i would like to have a part time job from 50 but realistically that will not happen. Link to post Share on other sites
Tubby Beaver 209 Posted August 27, 2009 Share Posted August 27, 2009 ever since that 1st fateful day of delivering newspapers as a 15 yr old, I have been dreamng of retiring!!! Shite, back to work tomorrow!!! Link to post Share on other sites
stemik 14 Posted August 27, 2009 Share Posted August 27, 2009 i kind of semi retired just before my 40th, I bought a huge house in a ski resort....just work enough hours to pay the bills. I want to fully retitre at 50! Link to post Share on other sites
Go Native 70 Posted August 27, 2009 Author Share Posted August 27, 2009 Originally Posted By: bobby12 if you enjoy your job then its sensible to keep working until 67 or whatever because financially it is so much better than retiring. i guess i would like to have a part time job from 50 but realistically that will not happen. Better financially for what though? I don't know all that many 67+ year olds who are able to do all things they were able to do in their 50's. Sure you will accumulate a lot more cash working all those extra years but will you truly be able to enjoy it all when you finally do retire? And the only people who want to work that long are those for whom work is their life or they are so poor they have no choice. The work is their life crowd generally have so few other interests that they just wouldn't know what to do with themselves if they weren't working. I don't have those issues. I think if I retired today I still wouldn't have enough time to do all the things I would like to do before pushing up daisies. Link to post Share on other sites
hellyer 216 Posted August 27, 2009 Share Posted August 27, 2009 Originally Posted By: Tubby Beaver ever since that 1st fateful day of delivering newspapers as a 15 yr old, I have been dreamng of retiring!!! Shite, back to work tomorrow!!! TB, I live at number 58. I didn't get my paper yesterday. Link to post Share on other sites
thursday 1 Posted August 27, 2009 Share Posted August 27, 2009 I have a lot of pension policies that mature at 60. Will get a ton of cash then if I'm not dead. So best to stay alive 'til I get the cash. Link to post Share on other sites
Tubby Beaver 209 Posted August 27, 2009 Share Posted August 27, 2009 Originally Posted By: snowjunky Originally Posted By: Tubby Beaver ever since that 1st fateful day of delivering newspapers as a 15 yr old, I have been dreamng of retiring!!! Shite, back to work tomorrow!!! TB, I live at number 58. I didn't get my paper yesterday. haha I used to get that a lot!! although still got the most tips in the shop!! Link to post Share on other sites
bobby12 0 Posted August 27, 2009 Share Posted August 27, 2009 Originally Posted By: Go Native Originally Posted By: bobby12 if you enjoy your job then its sensible to keep working until 67 or whatever because financially it is so much better than retiring. i guess i would like to have a part time job from 50 but realistically that will not happen. Better financially for what though? My point being, that some people enjoy their job and prefer working to being free all day. If you look at what people do with their free time, most of the time it is a kind of 'work' anyway (even sports i put into that category - golf is working to put a ball in a hole efficiently). You have to move beyond the standard definition of 'work'. Link to post Share on other sites
Go Native 70 Posted August 27, 2009 Author Share Posted August 27, 2009 Well once I get my permanent residency here I will certainly be searching for some 'work' that involves skiing all winter and hiking, mountaineering and sea kayaking all summer. That kind of work I could probably handle doing beyond 50! Link to post Share on other sites
bobby12 0 Posted August 27, 2009 Share Posted August 27, 2009 im sure you could do that working as a guide for one of the adventure sports type companies in niseko, if you got the stamina at that age. but if that is your day job, perhaps you will get an urge to spend your vacations shuffling papers and making photocopies in a stuffy 28 degree office. Link to post Share on other sites
grungy-gonads 54 Posted August 27, 2009 Share Posted August 27, 2009 Definitely. Well, maybe not. Link to post Share on other sites
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