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Retirement!

#41
Congratulations!! Well deserved!!
August 1st for me. The plan.... Play a LOT more. Get in a second band.
Something I swore I would NEVER do.
I started playing again 3 years ago after taking 10 years off to concentrate on starting my business, which I'm closing.
I'm now in my dream band, and having more fun playing than I have the past 45 years
 
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#42
Still having my first cup of coffee today. Reading up on different forums and news. This thread tho.. so f'ing awesome to read about all the lovely peeps playing ang gigging well into their 70s! :) Huge inspiration and just made my day! I'm 44 so I have along way to go yet. Been thinking about having the lessons I never had, but brushed it off thinking I was too old for that now. This gave me some perspective.. Thank you.
 
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#48
Congrats on making it to the end game!
I mostly "retired" from straight work at the age of 25... which means I'll probably have to keep playing music for a living until I'm 90. :wacky:
Well... 80.
Joking aside, I still mostly like playing music, so the plan is to keep taking all the work I can for as long as I can.
With some IRAs & Social Security, I should be able to ease up on the side hustles and maybe even do some traveling in my 60s. (If I don't #&@% up the investments too bad, I might even get the occasional motel room.)
If you're anything like me, you might get some satisfaction from volunteering. I've been doing Monday mornings at the food bank since I was 46. It's on'e of the better things I've ever done.
 
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#51
One more reply, I have a bass friend who is 76, plays in a few good bands & his church. He told me that I’m about 2 years he wants to quit playing bass as much and do solo acoustic gigs. He has connections at a 7 day a week joint that is packed a lot of the year.
 
#52
I hit the door a year ago at 67, been enjoying every day since - 48 years in IT, I don't miss it AT ALL!. With the house and cars paid off and zero debt, SS is more than enough to meet our needs - retirement savings just sits there growing (well, until recently, ha ha!).

Highly recommended, but make sure you do the math ahead of time, on both SS and Medicare, and include your spouse in the equation - my wife isn't old enough for Medicare, so she's on an Obamacare plan for the next couple of years. Medicare Part C isn't for everyone - I opted for basic Part A, B and D and a small supplement to limit my out-of-pocket max.
 
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#56
Pep said:
I was downsized at age 53. Lost my house, 2 cars and used up most of my retirement trying to keep the house. It’s not easy starting all over at that age but it can be done.
Click to expand...
Been through that. Sorry to hear that you have as well. We lost our car and home.

I finally got creditworthy enough to buy a home again 2 years ago, at 56. Trying to pay it off as quickly as I can, hoping my job holds out until it's paid for. Wife and I both have health problems, need the insurance to hold out for a few more years as well.
 
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#57
Pep said:
I was downsized at age 53. Lost my house, 2 cars and used up most of my retirement trying to keep the house. It’s not easy starting all over at that age but it can be done.
Click to expand...

Wow, that's impressive. Someone very close to me has tried to start over at that age, moving to a new continent to do it, and so far it hasn't gone well.

More importantly, congrats, and enjoy!

I've finally owned the "semi-retired" label, because I've cut down my adjunct teaching load to the minimum. I haven't worked a true full-time job in awhile, but I often had full-time work for several months at a time each year. My wife is officially retiring in June, so I'll probably cut it down to one semester per year, and if any grandchildren arrive (older daughter getting married in August), all activity resembling work will cease immediately!

It seems like lots of folks in this thread are thinking about retirement-related issues, and I've enjoyed watching some YT videos from a guy named Azul, who was a financial professional who retired within the past year. Seems like a very nice guy, and IMO he has some good advice. He's coming at this from a perspective of relative wealth, but I think some of it is relevant more generally:

www.youtube.com

Azul

I help people prepare financially & mentally for retirement Hi, I'm Azul 👋 I been a financial adviser for 20+ years. I'm on a mission to help 10+ million people be thoughtful and deliberate about when they retire. Here is why ... At 60 years old, we likely have less than 1,000 weeks of...
www.youtube.com www.youtube.com
 
#59
I loved retirement at first – it was great waking up late and not going to work. It was like a vacation. But after a year I realized something new: retirement is boring. A year of doing nothing felt like – well… Like a year of doing nothing. I was bored out of my mind! I was down to only four or five outings per month, plus the occasional band practice, grocery shopping, and gigs. I was so bored, that at that point, I just wanted to go back to work.
 
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#60
dreamadream99 said:
I loved retirement at first – it was great waking up late and not going to work. It was like a vacation. But after a year I realized something new: retirement is boring. A year of doing nothing felt like – well… Like a year of doing nothing. I was bored out of my mind! I was down to only four or five outings per month, plus the occasional band practice, grocery shopping, and gigs. I was so bored, that at that point, I just wanted to go back to work.
Click to expand...
I’ve heard that it’s important to retire to something, whether that’s a hobby, new work, some sort of continuing education, etc. Personally, I can’t imagine being bored in retirement. There’s so much I’d love to be doing now that I simply don’t have time for between work and home life.
 
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