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Something is happening that I thought would never happen! I'm retiring!!!


Bigsammy
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6 hours ago, Punchdrunk Monkey said:

Congratulations! I am trying to retire in the next year. How do you flip the switch from saving money to spending the money that you saved. Mentally that is going to be a tough one for me. 

Next housing downturn I will retire also. Currently 60 years old (FAK). Silly I know but while I am working I can make myself feel like I am spending someone else's money, when I retire I will start spending MY money. This stresses me out more than the working does 🙂

But I will do my best and enjoy every minute of retirement.

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6 hours ago, Punchdrunk Monkey said:

Congratulations! I am trying to retire in the next year. How do you flip the switch from saving money to spending the money that you saved. Mentally that is going to be a tough one for me. 

I have been working for this day many years! I watched family members and friends die with nothing to show for it. We made some good investments and because of that and some things that will come in later, we are going to fine. Were not rich, but at the same time we're going to be able to pretty much do what we want, when we want and for as long as we want...as long as we watch what were spending.

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6 hours ago, Punchdrunk Monkey said:

Congratulations! I am trying to retire in the next year. How do you flip the switch from saving money to spending the money that you saved. Mentally that is going to be a tough one for me. 

I have been working for this day many years! I watched family members and friends die with nothing to show for it. We made some good investments and because of that and some things that will come in later, we are going to fine. Were not rich, but at the same time we're going to be able to pretty much do what we want, when we want and for as long as we want...as long as we watch what were spending.

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17 hours ago, Bigsammy said:

I have been working for this day many years! I watched family members and friends die with nothing to show for it. We made some good investments and because of that and some things that will come in later, we are going to fine. Were not rich, but at the same time we're going to be able to pretty much do what we want, when we want and for as long as we want...as long as we watch what were spending.

I agree. Seems like someone is always getting sick or passing away way too young. I'm 51 and I want to enjoy time off while I am still relatively young. On paper, we should be good to go. Just making the jump is sketchy. I own my business and I have been winding it down the last 6 months. No body want to work or cares/appreciates their job so it has made my decision to down size much easier.

I'm like you, we are not rich but we should be able to live comfortably. As long as we don't go crazy with the $$   

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16 minutes ago, Punchdrunk Monkey said:

I agree. Seems like someone is always getting sick or passing away way too young. I'm 51 and I want to enjoy time off while I am still relatively young. On paper, we should be good to go. Just making the jump is sketchy. I own my business and I have been winding it down the last 6 months. No body want to work or cares/appreciates their job so it has made my decision to down size much easier.

I'm like you, we are not rich but we should be able to live comfortably. As long as we don't go crazy with the $$   

Any market to sell your business? Great launching pad for retirement.

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I don't have a lot of money, but I can collect a small pension at the end of the year. I don't like my job any more, but finding a new one is scary.

Every time I go on vacation, I just want to go on another so I don't have to go back to work. If I retire I will have to sell my house, so I can live 

in a cheaper area, I don't want to afford California's cost of living, all my bills keep getting raised for no reason. And these are just basic things,

gas&electric, trash, internet, water, gasoline. 

I am a good saver ,but those unexpected expense are what scare me, especially medical, since I have 10 years till medicare. Plus I have no plan, just hoping it will

work out.

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1 hour ago, richard h said:

Any market to sell your business? Great launching pad for retirement.

No, I am the business. I had it for sale before COVID. I had a buyer too but COVID killed that. Now that I have downsized, there is nothing to sell. I'll probably keep my company "open" for tax purposes but it will be on life support. 

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Welcome to Everyday's A Saturday Sammy!!!

You will be busier than you think and wonder how you ever got anything done. 

Well deserved, keep your health and enjoy time with your wife on your schedule.

Edited by matt86m
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Congrats! I have three years until I punch out, mama will be working for another four after I become Mr Mom, but we are preparing now, No debt and throwing money at our advisor like he was the first bar we came to after getting off the ship in the Philippines.. 

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