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| David Jupp:
Something similar about 13 years ago (BP in my case) - though not as much pension earned. It pushed me to start my own consulting company. I definitely get much more variety at work than I ever used to, even if I'm perhaps not as well off as if I'd stayed. I also get far less stress - I only have to worry about where the next job is coming from, not the politics. |
| Stilldrillin:
John. I sincerely hope it is a change for the better........ Better way of life. Better attitude of mind. With far less money behind me, than you guys are mentioning. I stepped into the unknown, a few years early. After a few weeks, I relaxed, and started to enjoy myself. We now, live well, on the state pension(s). The annual payment from the Pru, gives us a yearly surplus. Hope it works as well, for you....... David D |
| gerritv:
John The good news for you is the lump sum and the fact that you have something to retire to. That is critical to being retired IMHO. Boredom kills. Start frugal, then ease up once you figure out how much (how little actually) you need to live well. The package will ease the transition, just don't tie all of it up in a way that you can't get at some of it for living expenses. I took a part time job helping out in a Ferrari restoration job, for the experience, not the pay! After a year I started to get busy with hobbies, and now as others mentioned have no idea how I had time to work. Between travel and hobbies there is little spare time. Gerrit 66, retired at 59 |
| SwarfnStuff:
Hi John and others. Another John here, but resident down under. I was made, "surplus to requirements" Christmas 2000. At 59, I was too young for the aged pension but managed to get the eqivalent of 12 months salary payout. Then, because of a long term medical problem and a sympathetic government Dr. I was put on disability pension until I turned 65 when it changed to the aged pension.This plus a modest superannuation being turned into an allocated pension has meant that life is comfortable. I can add that not once have I woken in the morning thinking I would like to go to work. As Gerrit says keeping busy is the key - boredom kills. John B |
| DavidA:
Most of you guys seem to have entered retirement in a reasonable if not good financial position. And it appears that many are from professional or at least management positions. The story isn't so rosey for those of us who came up through more mundane occupations. I'm not complaining, we are all the product of our own decisions. I retired five years ago at 65. Well, not exactly retired, just went onto short time. I now work three mornings a week at the same place I was for the last eight years. I do it to keep in touch with the people I knew, to have access to the machines and to take up the slack when they get too busy for the staff level but not busy enough to set some one else on. But mainly for the money. Other wise I'm on state pension. This August I intend to finaly quit and try and settle into full retirement. Doing it half and half doesn't really work. The big killer isn't boredom, too much to do for that. It is inflation when on a fixed low income. No real way around that. Good job I don't drink or smoke. Dave. P.S. Do any of you run a spreadsheet to plan your financial position. In real time and into the future ? I find it very usefull. |
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