What Is A Good Age To Retire?

User avatar
Lon
Posts: 9476
Joined: Fri Nov 12, 2004 11:38 pm

What Is A Good Age To Retire?

Post by Lon »

I always planned to retire before age 60 and did so at age 58. I waited until age 62 to take a company pension and Social Security. From age 58 till then I lived on investment income. I am quite comfortable now with The pension & Social Security and do not need at this point to use investments for anything. From age 58 until just two years ago I was able to take seven cruises on different size ships to many parts of the world, do considerable scuba diving, own a home in New Zealand, play lots of golf and live a very active life style.

It's all in the planning and I have no regrets other than wishing I was 20 years younger so I could enjoy it all over again. BTW I am using some of my investments to establish UTMA accounts for my four great grand children, soon to be five.
gmc
Posts: 13566
Joined: Sun Aug 29, 2004 9:44 am

What Is A Good Age To Retire?

Post by gmc »

When you can afford it. Thanks to party politics my retirement age has been pushed back to age 67 before i get the state pension I have paid in to for over forty years.
User avatar
Saint_
Posts: 3326
Joined: Wed Nov 04, 2009 3:05 pm
Location: The Four Corners

What Is A Good Age To Retire?

Post by Saint_ »

Well thanks for starting this thread, because I could use some ideas and views myself.

My situation: I am approaching 25 years of education which means I can retire with the maximum. The problem? I'm still young. I'm only 56. What to do afterwards? Get fat and bored?

Then there's the fact that I probably couldn't live at the same level on just my retirement. In about 7 years, I can get Social Security and between that and my pension, I'll be OK. So I really think I should continue working.

Then there's my wife's health. She's hade a heart attack, stroke, multiple surgeries, pulmonary embolism, and her leg amputated. She can't have too many good years left. Shouldn't I try to spend some time with her while I can?
User avatar
FourPart
Posts: 6485
Joined: Fri Jun 06, 2014 3:12 am

What Is A Good Age To Retire?

Post by FourPart »

I don't think there even 'is' a good age. It's different for everyone. When I was working for the National Careers Service I came across a bloke in his 80s looking for advice on a Career Change. He certainly had no intentions of retiring. On the other hand, I have also come across those who look forward to their Early Retirements - people who are even younger than me (56). Although I've been notified that my State Retirement age will be 66, I don't foresee me collecting my pension then. Of course things may change by then. I may not even be here by then. I think that once you start to see yourself as a 'Pensioner', then that is the time when you start to give up on yourself.
User avatar
Bryn Mawr
Posts: 15981
Joined: Mon Feb 27, 2006 4:54 pm

What Is A Good Age To Retire?

Post by Bryn Mawr »

FourPart;1497669 wrote: I don't think there even 'is' a good age. It's different for everyone. When I was working for the National Careers Service I came across a bloke in his 80s looking for advice on a Career Change. He certainly had no intentions of retiring. On the other hand, I have also come across those who look forward to their Early Retirements - people who are even younger than me (56). Although I've been notified that my State Retirement age will be 66, I don't foresee me collecting my pension then. Of course things may change by then. I may not even be here by then. I think that once you start to see yourself as a 'Pensioner', then that is the time when you start to give up on yourself.


Two different concepts I think - I am retired but I don't see myself as a pensioner in any way.

Look at Lon - he's been retired for years and is past pension age but is still going strong with an activity level many still in work would envy.

Return to “Societal Issues News”