Best time of year to retire

[Over70irregs]

If you are 55 and separated from your employer you can pull money out of your 401k plan as long as you don't move it and not have to pay the 10% penalty

Big gap between 50-59.5. 50-55 is a bit of time also.

 

[IVE GOTTA PACKAGE 4U]

Big gap between 50-59.5. 50-55 is a bit of time also.

I understand the whole concept of not wanting to work at this place.
What you going to look at a long-term picture. Yes you cannot put a price tag on yours of your life but on the other hand you don't want to check out from work too early and struggle at the end of of your life when you're not capable of working.

Sit down and make a plan, and exit strategy to get out of this place

 

[oldngray]

I understand the whole concept of not wanting to work at this place.
What you going to look at a long-term picture. Yes you cannot put a price tag on yours of your life but on the other hand you don't want to check out from work too early and struggle at the end of of your life when you're not capable of working.

Sit down and make a plan, and exit strategy to get out of this place

There is no best answer. Everyone needs to weigh how much they need to keep working vs the added time off in retirement when you are hopefully still young and healthy enough to enjoy it.

 

[728ups]

It's smart to plan ahead like this. For me, it wasn't easy to pick that final date. Where I'm at, we work until the second or third week of August to get enough days to get paid for next year's six weeks of vacation. They also have to pay off any previously scheduled vacations. I finally chose my company hire date in October just to finish up 45 years as a personal goal. The time changed and it got dark earlier a week later. Also, they would load me up and give me a peak season helper at the end of October, so I dodged that garbage. My Center Manager didn't like it and wouldn't look me in the face the last three months I worked.

Did you hear your center manager got busted down to Preload Supervisor? Couldn't happen to a nicer guy

 

[oldngray]

Did you hear your center manager got busted down to Preload Supervisor? Couldn't happen to a nicer guy

Did they move him to another building to try to keep it quiet? I knew a manager they did that to.

 

[IVE GOTTA PACKAGE 4U]

There is no best answer. Everyone needs to weigh how much they need to keep working vs the added time off in retirement when you are hopefully still young and healthy enough to enjoy it.

I'm working on that right now as we speak.
There's a lots of things to consider just besides the pension money.

The price of healthcare, extra years of adding to your social security, which I take the best 35 years you're earnings and maybe may not be thinking about that right now but later on in life you might have wished that you worked another year or two.

Trust me I want to get here myself but I don't want to be sitting around doing nothing or having the money not to be able to enjoy the things I actually wanted to do

 

[728ups]

I turned 55 right at Christmas of 2020 with 35 years ( 31 FT and 4 PT) I have planned on my retirement since I was in my Twenties and retired January 9 of this year. I have ZERO regrets and am glad I got out when I did. I have my health,very little aches and pains from the job and I enjoy every single minute of each day now. I can't imagine having to deal with that job any longer than I absolutely had to

 

[Jones]

Did you hear your center manager got busted down to Preload Supervisor? Couldn't happen to a nicer guy

I've seen a couple division managers get demoted to center manager. Both retired shortly after.

 

[728ups]

Did they move him to another building to try to keep it quiet? I knew a manager they did that to.

nope he is in the same building. I sent him a card at Scratch's old building congratulating him on his promotion. He was my center manager from 2013-2018 and he knew exactly how to spell my name lol

 

[oldngray]

I'm working on that right now as we speak.
There's a lots of things to consider just besides the pension money.

The price of healthcare, extra years of adding to your social security, which I take the best 35 years you're earnings and maybe may not be thinking about that right now but later on in life you might have wished that you worked another year or two.

Trust me I want to get here myself but I don't want to be sitting around doing nothing or having the money not to be able to enjoy the things I actually wanted to do

Healthcare is the big unknown. You can plan for everything else but that will still be a question mark. Trying to chase that last dollar on social security seems pretty pointless to me with it being unlikely to survive in its present form much longer.

 

[IVE GOTTA PACKAGE 4U]

I turned 55 right at Christmas of 2020 with 35 years ( 31 FT and 4 PT) I have planned on my retirement since I was in my Twenties and retired January 9 of this year. I have ZERO regrets and am glad I got out when I did. I have my health,very little aches and pains from the job and I enjoy every single minute of each day now. I can't imagine having to deal with that job any longer than I absolutely had to

You old bastard

 

[Over70irregs]

I'm working on that right now as we speak.
There's a lots of things to consider just besides the pension money.

The price of healthcare, extra years of adding to your social security, which I take the best 35 years you're earnings and maybe may not be thinking about that right now but later on in life you might have wished that you worked another year or two.

Trust me I want to get here myself but I don't want to be sitting around doing nothing or having the money not to be able to enjoy the things I actually wanted to do

Thinking were about to go through “Next Wave” and the Life expectancy will be diminished. The amount of $ that can be made doing a 20-30 stretch per week doing something that is liked vs exposure job is being weighed.

 

[Jones]

Thinking were about to go through “Next Wave” and the Life expectancy will be diminished. The amount of $ that can be made doing a 20-30 stretch per week doing something that is liked vs exposure job is being weighed.

Sounds like you have an exciting vision of the future.

 

[IVE GOTTA PACKAGE 4U]

Thinking were about to go through “Next Wave” and the Life expectancy will be diminished. The amount of $ that can be made doing a 20-30 stretch per week doing something that is liked vs exposure job is being weighed.

If I was single I'd walk out the door right now but I have to take him consideration the love of my life, the mother of my children and his kept me going all these years.
In the event something happens to me I want to make sure she's well taken care of

 

[oldngray]

If I was single I'd walk out the door right now but I have to take him consideration the love of my life, the mother of my children and his kept me going all these years.
In the event something happens to me I want to make sure she's well taken care of

You are probably worth more to her dead.

Just sayin' ...

 

[Over70irregs]

Naw just factoring bigger picture. Pay is even nicer but long term health is a huge factor.

 

[Over70irregs]

If I was single I'd walk out the door right now but I have to take him consideration the love of my life, the mother of my children and his kept me going all these years.
In the event something happens to me I want to make sure she's well taken care of

Now that is the Winner comment right there. Good credit, 401k, low debt (0%), insurance all factors.

 

[IVE GOTTA PACKAGE 4U]

You are probably worth more to her dead.

Just sayin' ...

I'm trying not to let that happen

 

[IVE GOTTA PACKAGE 4U]

Now that is the Winner comment right there. Good credit, 401k, low debt (0%), insurance all factors.

Everyone has different needs but you need to make some kind of plan. Not just because you hit a certain age and you can retire

 

[scratch]

Did you hear your center manager got busted down to Preload Supervisor? Couldn't happen to a nicer guy

No, this is news to me. He was supposed to retire last year but told me he was hanging in a little bit longer for a bigger pension bump. There is some creative record-keeping going on in that building and it goes up higher than him. It sounds like he was sacrificed by one of his partners.