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(The Motley Fool)   You may regret retiring early if you are poor, sick and bored. Of course you may also regret working if you are poor, sick and bored   (fool.com) divider line
    More: Asinine, Retirement, Social Security Administration, Medicare, Social security, Health insurance, Ageing, Mandatory retirement, Termination of employment  
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599 clicks; posted to Business » on 20 Sep 2020 at 6:35 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



21 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2020-09-20 5:02:24 PM  
Don't retire early if your life revolves around your job.
 
2020-09-20 5:22:08 PM  
I go to work to get my rest.  Well, that and have more FARK time without the distractions of home.

I don't even consider the idea of retirement.
 
2020-09-20 6:43:31 PM  
What if I just want to sit around all day, surf the internet, and play video games?  I think I'll be covered for money at that point.
 
2020-09-20 6:49:21 PM  

HempHead: Don't retire early if your life revolves around your job.


Or, kill yourself if your life literally revolves around your job. I thoroughly enjoy my job, but it's third, at best, behind family and my own internal happiness.
 
2020-09-20 7:01:58 PM  
Yeah, you gotta have a plan before you retire. I've got a number of years to go, but I'm already figuring out where I want to be and what I want to do. My house will be paid off and I will sell it and move to the west coast. No more snowy winters for me unless I choose to drive up into the mountains.

Got a plan in place to buy my retirement vehicle before I retire so that I don't have car payments. Also, looking at getting one of these so I can be mobile and head out when the mood takes me. There's too much of a risk of just sitting in front of the computer once the structure of the job is gone.

Fark user imageView Full Size


In some ways, this COVID thing is good practice for retirement. I still get up at 5:00 am on work days even thought I don't have my long commute. Gives me a chance to have a peaceful start to the day; breakfast, coffee, read.


I'm fortunate that my retirement funds don't include the value of the house. So it can be converted into alternative housing somewhere else if I want, or I can just stay here. I think the trick of retirement (early or otherwise) is to make sure you have a plan in place, but also have options.

Oh yeah, and being a Canadian, the health care things is less of an issue than in the article.
 
2020-09-20 7:50:10 PM  
That is a nifty looking trailer thing.
 
2020-09-20 8:25:59 PM  
I'm hitting the retirement road as soon as I hit 62.
 
2020-09-20 8:26:50 PM  
Retired at 58 this year. No regrets. I'll be in my bunker.
 
2020-09-20 8:27:54 PM  
The boredom is real. Have a plan, kids.

Retirement (or the pseudo-retirement of my current self-employment situation) can get boring.

Also, a lot of folks who have an idea of moving somewhere when they retire don't think about the importance of work in their socialization. It's a far more difficult thing to try to make new friends when you aren't working.
 
2020-09-20 8:38:49 PM  
I'll have 30 years in at age 54.  I'm going to retire.  Sell the house.  Buy an RV and travel.

Got lots of sleep to to catch up on and I'm okay with that.
 
2020-09-20 8:49:43 PM  

Schlubbe: The boredom is real. Have a plan, kids.

Retirement (or the pseudo-retirement of my current self-employment situation) can get boring.

Also, a lot of folks who have an idea of moving somewhere when they retire don't think about the importance of work in their socialization. It's a far more difficult thing to try to make new friends when you aren't working.


this is true.  I did that last year but no regrets. I have plenty to do around here on the little patch of dirt and good neighbors and a pretty good town. It took a while but getting to know lots of people now.
 
2020-09-20 9:37:27 PM  

theteacher: I'll have 30 years in at age 54.  I'm going to retire.  Sell the house.  Buy an RV and travel.

Got lots of sleep to to catch up on and I'm okay with that.


Yeah, but... potentially 30-40 years of RV and travel? That's a lot,
 
2020-09-20 10:57:14 PM  
*laughs in millennial, then cries*
 
2020-09-20 11:04:24 PM  
My wife and I are in our early-mid 30's, trying to save up for a down payment for a house.
Prices are obscene. We may opt for a square of land and a yurt.

Retirement? We're assuming Social Security will be nonexistent in 30 years. We live fairly cheaply, and we have enough hobbies to hopefully maintain sanity if we ever fully retire. First, we'll need our imaginary dwelling to be paid off.
 
2020-09-20 11:10:29 PM  
1.) Social Security won't exist.
2.) Medicare won't exist.
3). Get some hobbies; make some friends.

/millennial
//cynical enough to be a Gen X'er
///just trying to make it through 2020
 
2020-09-20 11:16:36 PM  

Rock Krenn: Yeah, you gotta have a plan before you retire. I've got a number of years to go, but I'm already figuring out where I want to be and what I want to do. My house will be paid off and I will sell it and move to the west coast. No more snowy winters for me unless I choose to drive up into the mountains.

Got a plan in place to buy my retirement vehicle before I retire so that I don't have car payments. Also, looking at getting one of these so I can be mobile and head out when the mood takes me. There's too much of a risk of just sitting in front of the computer once the structure of the job is gone.

[Fark user image image 500x500]

In some ways, this COVID thing is good practice for retirement. I still get up at 5:00 am on work days even thought I don't have my long commute. Gives me a chance to have a peaceful start to the day; breakfast, coffee, read.


I'm fortunate that my retirement funds don't include the value of the house. So it can be converted into alternative housing somewhere else if I want, or I can just stay here. I think the trick of retirement (early or otherwise) is to make sure you have a plan in place, but also have options.

Oh yeah, and being a Canadian, the health care things is less of an issue than in the article.


Someone probably clicked reply ready to prep you that one medical thing can ruin those plans...then you dropped the Canada bomb.

Seriously though, good luck on the plan and dream side of things.
 
2020-09-21 1:57:03 AM  

vatica40: theteacher: I'll have 30 years in at age 54.  I'm going to retire.  Sell the house.  Buy an RV and travel.

Got lots of sleep to to catch up on and I'm okay with that.

Yeah, but... potentially 30-40 years of RV and travel? That's a lot,


RV'ing is not cheap to do.
 
2020-09-21 2:03:20 AM  
I mostly retired at 48. I'm a stay at home dad, wife has a good paying job. kids keep me busy though. If it all goes to plan by the time they're out of the house we should be well set for retirement. I am growing less confident that it will go to plan. Looking into getting EU citizenship in case we have to flee.
 
2020-09-21 7:06:15 AM  

crazydave023: 1.) Social Security won't exist.
2.) Medicare won't exist.
3). Get some hobbies; make some friends.

/millennial

"But my vote doesn't matter."
 
2020-09-21 7:14:42 AM  

crazydave023: 1.) Social Security won't exist.
2.) Medicare won't exist.
3). Get some hobbies; make some friends.

/millennial
//cynical enough to be a Gen X'er
///just trying to make it through 2020


I dunno, the first two seem pretty millennial.  Hell, I'm one and any benefit I get from either will be a genuine surprise.
 
2020-09-21 11:35:06 AM  

dragonchild: crazydave023: 1.) Social Security won't exist.
2.) Medicare won't exist.
3). Get some hobbies; make some friends.

/millennial
"But my vote doesn't matter."


You're not wrong:
Fark user imageView Full Size
 
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