7 signs you shouldn't retire now

Some milestones you may think signal that the time is right should be ignored. And there are other signs that tell you it's definitely not yet time.

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107Comments
Dec 12, 2012 11:30AM
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What's this bored stuff? just normal everyday things use up alot of time. Go get gas, wash car, water plants, fill up outdoor bird feeder and feed squirrels, do laundry, clean house, etc and in the summer time it really never ends, yardwork, home fixes. I've never been (bored) once, as a matter of fact keep thinking how did I ever get anything done when I worked, but alot of stuff I never did get done because of no free time, now finally got spare room painted and new window sill trim put up etc. Then of course the , now kitchen faucet is leaking, oh brother now bathroom sink faucet leaking, oh now need car brakes, it never ends, bored? I wish.
Dec 15, 2012 1:33AM
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The bulk of recent articles are all written in the vain that you must continue to work until you drop.  I retired at 55 and have never been happier.  I am confident I will live longer and happier without stress, long hours, meaningless goals, and excessive taxation. I agree you need some structure and activities to stay fulfilled.  For me it has been an opportunity to improve and challenge myself participating in new activities.  If you can do so financially consider retirement and enjoy life.   
Dec 12, 2012 6:55PM
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My wife and I both retired early....if you wait until everything is perfect, you'll never retire. We make more money now after retirement than before. We have no debt...our home is paid for..don't use credit except for vacations. You can have an interesting retirement without spending a ton of money. Our income is social security and two small pensions.We are not rich, but shop at flea markets, discount stores, and resale shops. You can even try Goodwill for clothing. I'm not idle...have many things to do.

If we have a medical problem, we'll address it when the time comes...you will probably have medical bills you can't pay whether you're retired or not...I'd rather be retired.

Dec 12, 2012 12:25AM
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This is based on the assumption that you have a choice in the matter.  Not a real sound assumption these days.
Dec 11, 2012 11:17PM
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If you're 65 and its economicly feasible move on.
Dec 11, 2012 11:15PM
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TAKE THE PENSION.

Write a book,  do something that you like to do.

Find a more interesting job, than the mind numbing one that you have.

If you like what your doing die doing it.

Dec 15, 2012 3:44PM
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Yes big gardens are work and time consuming

So is Golf, and fishing..

You can raise most vegetables anywhere, and freeze about everything, can or freeze dry.

Buy or raise fruit, other, what you want from stands or friends...Trade,barter; Pretty easy.

Don't raise livestock any more...Just pay kids to raise for us and them, not necessarily cheaper sometimes, but much better food...Fresh eggs too.

One thing I have noticed about pre-retirees, they think they have to have 80% of their income to live decent...NOT TRUE, and you don't need a million bucks either....IMO.

Most would be amazed how much you save, by being retired..

But it does pay to have all major bills paid off, ie; Mortgage, vechicles, credit cards, loans,etc.

Less money for cars, fuel, repairs and insurance.

Less for clothes and work attire...make-up,hair dresser, barber,etc.

Way less for meals,, coffee breaks, lunches......If you cook?

Less cost for happy hour.

Less impulse or hurried shopping.

Usually less for food.

Eat healthier, less for doctor bills,dental....When older, those bills can change.

Consolidate insurances....You are at less risk for home and you drive less.

And most important...LESS STRESS, also pertains to medical care or meds.

 

 

Dec 12, 2012 12:57PM
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When you have a job you like and you you find yourself let go at age 61-it is traumatic and it is not easy to get a job-pretty hard and impossible when the unemployment in Michigan is 9.9% and those are the ones on the roles, not those people that left the  State or dropped off due to benefits running out.  It would be nice to see information on debt and forced out of the workforce at a senior age when you are not ready--that is a major problem. 
Dec 18, 2012 9:15AM
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Retire as soon as you can.   My worst day laying around the house was better than my best day on the job.   I like my job and all, but face it, if they were'nt paying me I would'nt be there.   I suppose that's how it is for most.  I've never met a trashman that said "I love this so much I would do it for free", or waitress, or a guy working on the line in the widget factory.

Dec 18, 2012 4:42AM
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I myself, love Boredom, boredom is my friend, i like doing "Nothing".  I'm 62 years old now, been retired for almost 10 years now, since Jan. 2003.  When i was in the army, they taught me how to deal with boredom (i was basically  waiting for a war that i never saw).  I now live in the Philippines with my lovely filipino wife, we have a brand new house that is fully paid for in a gated community, no kids (thank god), but my wife have a 16 year son from a previous relationship so i'm living a "Stress Free Life".  I have a pension, and Social Security, i have an IRA investment of over $311,000.00, $12,000. in my savings account, and over $4,000. in my checking account, my health for now is good. I don't own a car (use public transportation), but, i would like to have one though just to have one.  I do water the grass and plants every other 3 days, and i cut the grass once a week, i enjoy cooking (something i learned by watching the Food network when i was living in the states), and once a week i enjoy going food shopping.  So, when i retired at the age of 52, no regrets whatsoever.
Dec 12, 2012 7:58AM
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I retired early - even before any SS benifits kicked in for many reasons - BUT it has been two years and I was bored!!  For people who do not need to worry about $$$ I would still recommend you have several hobbies set up before actually retiring.
Dec 18, 2012 4:40AM
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This is a load of crap.  Take the money when you are eligible and when you are ready.

The government would like you to die and reduce the costs of Social Security and

Medicare benefits that they blow on senseless wars and foreign aid.  I went out as soon

as I was eligible and I'm doing fine.  I am not a greeter (yet) at Walmart but I am a

cashier and 20 hours a week is easier than 40 any day.  Just make sure you have some

retirement income and maybe some supplemental health insurance benefits from

your employer.  As far as debt unless you are like Mitt Romney you will always have bills to

pay just try to plan ahead if you need to leave anything for your family.

Dec 18, 2012 9:04AM
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I don't believe these guys who write this stuff live in the same world with most people. Sometimes you have to retire, others don't need a ton of money to retire, and myself, I would like to get some "return" on my investment in social security...you never know how long you're going to be around. Money is NOT everything.
Dec 15, 2012 11:16AM
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When I retire I will plant a big garden, buy some healthy animals and raise my own food.
This will keep me busy enough and cut expenses 50%. Not to mention that I will be eating healthier and sleeping better with less worries.



Dec 18, 2012 9:37AM
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Money. Money. Money. I'm sick of the talk of it. Go as soon as you can, be prepared to live a spartan life and never look back. F*** it!!
Dec 18, 2012 1:19PM
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Just Remember- There are no pockets in a shroud or luggage racks on a hearse!!! You don't know how much time you have left on this Earth, and money can't buy you more!!! How much money do you need?

 

Get out while the getting is good, enjoy every day like it's your last, and start working at living instead of living at work!!!

 

Best wishes for a Happy and Healthy 2013 to all!

Dec 15, 2012 1:56AM
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Retiring is a touchy thing,lifestyle, and life changing for some..

I've been retired 14 years and never looked back...Missed "some" people,but never the job.

Wife retired 2 years later, same thing; But missed many customers or clients, took adjusting.

You can make the old contacts by attending coffee clatches or lunching occassionally.

We both retired quite young/early, and in pretty good health...

You have to plan to retire...number one.

You have to have funds* to see you through, especially to SS....It helps later,both took at 62.

You should have a paid health plan...Very important...If not you have to buy one or contribute.

A pension or pensions are nice....I bought mine out, she sold business and closed it.

A 401K or savings,IRAs are almost mandatory....See above funds*....

Investments and major bills paid off are a plus.

Plan for or have Hobbies and things to do...You actually will be quite busy..IMO

But try and kick back and enjoy what can be a very stress free life...

And stay away from having too many appointments or commitments....Stress,stress.eliminate it.

That's why you retired....Enjoy it.

Dec 18, 2012 12:18PM
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I didn't have a choice but to retire at 64.  I was sole caretaker for my elderly parents who had major medical issues (Mother lung cancer, since deceased; Father advanced Parkinsons).  I sat down and figured out what I would need to live on and figured I could do it with what I had saved. Didn't apply for SS until I turned 65.  Retirement has been wonderful.  I have plenty of time to care for my Father, travel, scrapbook, read a book, take a nap, go for a walk and live in peace.  My health has improved because I no longer have the stress of going to a job I didn't like.
Dec 18, 2012 7:48AM
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Unless I win the lottery, I will work until I die because my job doesn't pay enough to salt away some in a 401K.  My father lived in the best days when job security meant fully paid medical benefits and a pension.
Dec 11, 2012 11:12PM
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Take the pension.

Start your own business e.g. cartoon producer.

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