Thoughts about retirement...

[jackinnj]

The amount of schedule slippage is directly related to the number of managers, experts, and other people not actually working on issues that are on the project.

Interesting in VDH's "The Second World Wars" the US infantry on the ground had an enormous number of backup in logistics, medical, food etc. While we all loathe the bureacuracy, it seems they had a real positive effect..

There is another problem I have alluded to in past posts, and that is that we live in about the 4th or 5th most expensive urban area in the U.S. and we really like it here, i.e. there is no plan to relocate elsewhere. Somewhere along the way we've both realized we're pretty well wed to this neck of the woods and will be planted here when the end comes.. LOL

As my company is in OH but a bunch of grand-kids in NJ, we have friends in both spheres. Cost of living in Western PA, Ohio, Indiana and Michigan is about 1/4 less than Mass. All the aforementioned have thriving culture even though they don't regularly read the NYTimes. My sister moved from a swanky Boston suburb just a few weeks ago.

 

[NickKUK]

48 here, likely to be working until the finishing line.

Currently out of work and getting used to the reality that nobody wants experience, just the gulliable cheaper bods..

 

[jcsperson]

I made a career change to teaching at 42 and retired at 65.

My plan was to retire at 63, but in my school system there is a significant pay step at 20 years. I ran some numbers 4-5 years ago and it became apparent that if my "high-3" years of income were at the 20-year step, it would significantly increase my retirement income. Simultaneously, it made me wait to collect SS, so that was increased by waiting as well.

Looking back, it was a good move. I had three consecutive years of pretty good kids and 20-odd years into my career I had my teaching routine down pat.

 

[kevinkr]

<snip>



As my company is in OH but a bunch of grand-kids in NJ, we have friends in both spheres. Cost of living in Western PA, Ohio, Indiana and Michigan is about 1/4 less than Mass. All the aforementioned have thriving culture even though they don't regularly read the NYTimes. My sister moved from a swanky Boston suburb just a few weeks ago.

It is expensive here, but it is living nearly on the edge of the ocean that is one of the things that keeps us hooked. My wife's ancestors came over in the 1630s and have not strayed from MA in 4 centuries, seems ingrained somehow. My family is scattered to the 4 winds, but have strong MA connections too. I have a lot of long time friends here. There are some health concerns that also keep me anchored to this neck of the woods, admitting though that good medical care is available elsewhere.

 

[batty]

63 and still working, I used to think I would retire the day after I died, but that has nearly happened twice in the last 18 months, looking to retire mid 2026 and move to the country.

 

[kevinkr]

I'm a year older, I am thinking somewhere between 2024 and 2027 to retire. There are many days where the inclination would be to retire much sooner. LOL As long as my health holds up and no one is interested in any of my sideline activities I'll probably keep plugging away.

 

[jackinnj]

Sadly, most folks who have retired in the last 10 years have lived in an environment of low inflation. That's now in the rear view mirror.

Were the short term rates at a level commensurate with the rate of change in consumer prices, you would have short term USTreasuries at 6%