OT ...retirement

[ntb1001]

I formally retired today!!

I’m 54, and I became eligible a few moths ago. I really wasn’t going to go this year...but with everything going on, I thought I might as well jump while I have the chance!!
I’m fortunate enough to have a very good pension that gives me a guaranteed income for the rest of my life.
Now looking forward to getting on the bike more, and enjoying time.


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[AngryScientist]

wow!

54 and punched out for the last time, that's amazing and awesome.

good for you and we will all live vicariously through your sidis.

make us proud!

(what field were you in, if you dont mind sharing?, a full retirement at that age is awesome!)

[Louis]

I formally retired today!!

I’m 54, and I became eligible a few moths ago.

Congratulations - not a lot of people can do that at such a young age.

Enjoy.

Any big plans for the future?

[weisan]

This is just the beginning. Congrats!

[WindyCityCy]

Congratulations!

[ntb1001]

wow!

54 and punched out for the last time, that's amazing and awesome.

good for you and we will all live vicariously through your sidis.

make us proud!

(what field were you in, if you dont mind sharing?, a full retirement at that age is awesome!)


I work in the public transit industry, so essentially a government employee...but at arms length.
I’ve been very fortunate to have the kind of pension that I have, very rare nowadays.
I worked there 31 years.

I have 4 kids...2 in university, and my youngest still in High School.

Im sure I’ll keep busy, but I do plan to resurrect a previous small business in photography that I shut some years ago due to time....now I’ll have time!!

Looking forward to the change.


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[AngryScientist]

I work in the public transit industry, so essentially a government employee...but at arms length.
I’ve been very fortunate to have the kind of pension that I have, very rare nowadays.
I worked there 31 years.

I have 4 kids...2 in university, and my youngest still in High School.

Im sure I’ll keep busy, but I do plan to resurrect a previous small business in photography that I shut some years ago due to time....now I’ll have time!!

Looking forward to the change.


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awesome!

i should mention that i am very photogenic if you want to come south and photodocument some NE gap riding :banana::banana::banana:

[ntb1001]

awesome!

i should mention that i am very photogenic if you want to come south and photodocument some NE gap riding :banana::banana::banana:


I’ve seen some of the pics you’ve posted...looks very nice where you are.

Actually, I’m very anxious to have the Canada/Us boarder reopen so I can travel around a bit more...once this Covid crap is done though.


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[gasman]

Congratulations on retirement ! That's great.

Yes, Nick rides in some very photogenic places.:banana:

[mpken]

Congratulations. Living the dream. Go ride and hobby you butt off. Looking forward to your next phase in life.

[texbike]

I’m very anxious to have the Canada/Us boarder reopen so I can travel around a bit more...once this Covid crap is done though.


I'm sure that there are a number of people South of that border that are looking forward to the same thing. ;)

Congrats on the retirement at such an early age! I'm admittedly jealous.

Texbike

[54ny77]

Kudos to you and thank you again for passing along that fantastic Pogliaghi. :cool:

Best of health and success to you in the next phase of life!

[nortx-Dave]

Congratulations!!

I retired 5 years ago at 53 with a US military pension.

You'll love it!

[ntb1001]

Kudos to you and thank you again for passing along that fantastic Pogliaghi. :cool:

Best of health and success to you in the next phase of life!



Hope you’re enjoying that Pog!!


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[dgauthier]

I work in the public transit industry, so essentially a government employee...but at arms length.
I’ve been very fortunate to have the kind of pension that I have, very rare nowadays.
(...)

Congratulations! Did you work at the beloved TTC? No need to own a car in Toronto. When I lived there $1.10 would get you from any point in the city to any other.

Pay attention fellow Paceliners. This is how people are forced to live in those "$**thole socialist" countries like my native Canada... ;)

[Mr. Pink]

Do you have cost of living increases in the pension? That could be a deal breaker starting at 54.

[dgauthier]

Congratulations!!

I retired 5 years ago at 53 with a US military pension.

You'll love it!

Oh, screw both you guys!! ;)

Yes, I'm jealous too...

Have a long, happy, and healthy retirement, both of you!

[ntb1001]

Do you have cost of living increases in the pension? That could be a deal breaker starting at 54.


Yes...it’s factored in every year.


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[OtayBW]

I formally retired today!!

I’m 54, and I became eligible a few moths ago. I really wasn’t going to go this year...but with everything going on, I thought I might as well jump while I have the chance!!
I’m fortunate enough to have a very good pension that gives me a guaranteed income for the rest of my life.
Now looking forward to getting on the bike more, and enjoying time.


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Congratulations, You Dog! :banana:

[Ken Robb]

I have a Canadian friend who is just my age and I was retired and asked him why he had delayed his retirement from his job with the Canadian Government. He said "I'm on the one-ten plan now. If they piss me off one more time I'll be gone in ten days." He finally did execute the one-ten plan. :-)

[warren128]

I formally retired today!!

I’m 54, and I became eligible a few moths ago. I really wasn’t going to go this year...but with everything going on, I thought I might as well jump while I have the chance!!
I’m fortunate enough to have a very good pension that gives me a guaranteed income for the rest of my life.
Now looking forward to getting on the bike more, and enjoying time.


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Congratulations! Enjoy! :banana:

[dgauthier]

Do you have cost of living increases in the pension? ...

Yes...it’s factored in every year.


Don't forget ntb1001 also won't pay a penny for abundant, high quality health care. Ever.

[flying]

Congrats! :beer:

I retired at 55...no pensions as I was always self employed as
a general contractor.

Enjoy your new life of living & you will surely be amazed that you ever had
time to work at all. ;)

[gasman]

I have a Canadian friend who is just my age and I was retired and asked him why he had delayed his retirement from his job with the Canadian Government. He said "I'm on the one-ten plan now. If they piss me off one more time I'll be gone in ten days." He finally did execute the one-ten plan. :-)

That’s the quote of the day !!!

[Brian Cdn]

Welcome to the club brother.
See you on the road.
Cheers..

B

[pdonk]

OMERS. the only reason I regret leaving the public sector.

I know quite a few people who have retired and gone back as consultants to their former employers and are doing well.

[oldpotatoe]

I formally retired today!!

I’m 54, and I became eligible a few moths ago. I really wasn’t going to go this year...but with everything going on, I thought I might as well jump while I have the chance!!
I’m fortunate enough to have a very good pension that gives me a guaranteed income for the rest of my life.
Now looking forward to getting on the bike more, and enjoying time.


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Way to go..retirement is wonderful BUT..hope ya have things to keep you busy for the next 30 years or so...:)

And has been mentioned, hope you have great healthcare insurance..I'm a BIG fan of medicare, works great for me but..11 years away for you.

Nortx-Dave writes
I retired 5 years ago at 53 with a US military pension.

Well I 'retired' at age 43 with one too, but still worked for another 20 years(bike biz, lots of 'work', not a lot of $:))..don't know your rank, years in(age 53, I'm guessing 30)..but even a O-6, 3/4 base pay..it's not YUGE. About $6500 per month..$4800 per month, E-9 after 30..Not bad but I'll 'guess' you still get paid doin' something...

[Black Dog]

Hey hey. Congrats! I am looking forward to retiring when I am at your age. Well, I will be 56 but same type of pension coming my way. I know you will have more you want to do than time to do it. Good problem to have! Enjoy.

[redir]

If I could retire at 54 I'd be outta here! My father retired at 55 and is still going and loving every minute of it. Congrats.

[paredown]

Congrats!

[fkelly]

I also retired at 54 ... but 20 years ago. The time will go fast. The one piece of advice I give every newbie to the life style is to take on projects incrementally in little pieces so you don't get over committed. You'll be surprised at how your time fills up.

And leave time for naps.

Congratulations.

[old_fat_and_slow]

Congratulations! Livin' the dream. I passed 54 a long time ago, and I'm still workin' for "the man".

[bigbill]

I retired from the military at 47 with a pension. I worked the next six years as a process engineer in Texas and have been an engineering manager in Arizona for the past two years. I am fortunate that my son got an appointment to Annapolis (class of 2022) so his college is paid for. Next June I'll graduate with my MA in American History and hopefully transition into a distance learning facilitator shortly after that and retire from engineering. I am currently 55 and hope to be teaching part time by 57.

[Tickdoc]

Congrats!

I'm four years away from where you are.....in age, but not in retirement.
I think I'll work until I die. At least I hope I can!

[nalax]

Congratulations! I think Ontario must be a beautiful area to retire. Good luck with the photography, there have been a lot of changes in the 40+ years I've been shooting but there is still good work to be done!

[Mr. Pink]

Yes...it’s factored in every year.


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Well, that's crucial. I'm on a fixed pension payment that will slowly erode in value. A pension with COLA is super rare. Hell, pensions are rare. Good thing inflation is low, and with this second great recession in a decade will probably stay low for years, although certain, ahem, political decisions may reverse that trend.

Even Social Security has a COLA adjustment.

[xlbs]

at age 62.

We Canadians have some really good things going for us. Our healthcare system has it's downsides, but it's amazing too. We have a friend who just had heart surgery last Wednesday (stent against a 95% blockage) and the only expense was for parking. He's alive and well now.

Yes, I'm looking forward to riding more, napping, reading, walking the dog, enjoying time with my wife and friends, and catching up on lost sleep too.

Pensions are uncommon here too. I don't have one, so our skills at money management are important. I am a retired financial advisor, so we think we'll be okay.

[Mr. Pink]

Yeah, you're really not safe from financial disaster in America until age 65 and Medicare kicks in. Even then, I'm paying about 3200 dollars out of pocket for Medicare coverage, because of the extraction from SS for my Medicare benefits (talk about taking from Peter to pay Paul) and supplemental health insurance to cover the 20% that Medicare doesn't pay. Even then, I'll bet that, if I encounter a cancer, that will cost me a ton.

[PTinz]

Am following this one and chuckling to myself. I too retired at 54 (and a half) years of age, DoD Civilian job, 34 years of service-great pension, no complaints. This was April of 2018. A little less than 1 year later I was called back into service to perform the job (and more importantly the location) that I had done before retiring, serving in the middle east. I just passed the 13 month mark for "being back" and am counting down the last 11 months, so I can get back to re-retiring and racking up the road/gravel miles.

[Toddtwenty2]

I have a Canadian friend who is just my age and I was retired and asked him why he had delayed his retirement from his job with the Canadian Government. He said "I'm on the one-ten plan now. If they piss me off one more time I'll be gone in ten days." He finally did execute the one-ten plan. :-)

I like this philosophy. I have subscribed to the FU Money concept since my career began. I saved every penny to buy the feeling of working every day being my choice. It's the best thing I've ever purchased and has made my career infinitely more enjoyable.

https://www.mrmoneymustache.com/2012/05/26/guest-posting-financial-independence-23-years-later/

Congratulations to the OP! Enjoy filling your days as you wish.

[Mr. Pink]

Just be careful that the people you say FU on the way out might be the gatekeepers if you have to get back in.That's why I think FU money is ten million, living reasonably frugally.

[Toddtwenty2]

Just be careful that the people you say FU on the way out might be the gatekeepers if you have to get back in.That's why I think FU money is ten million, living reasonably frugally.

Oh absolutely! There is no point in burning bridges. The quick high is never worth the damage to your reputation and connections. Buying options to move and take time is worthwhile, however.

$10 million seems a little steep. You must live in the Bay Area.

[OtayBW]

Congratulations! Livin' the dream. I passed 54 a long time ago, and I'm still workin' for "the man".
'Every night and day?'...............;)

[Ken Robb]

That’s the quote of the day !!!
My pal George is the guy everyone rushes to sit next to at dinner because he is so entertaining. He usually visits San Diego at least once a year but that's not possible due to CoViD-19 and closed borders.

[Mr. Pink]

Oh absolutely! There is no point in burning bridges. The quick high is never worth the damage to your reputation and connections. Buying options to move and take time is worthwhile, however.

$10 million seems a little steep. You must live in the Bay Area.

No, New York, same level, but, FU money to me isn't about quitting work, maybe because I haven't worked in over six years. It's having enough to hire really good lawyers, first, and every now and then throwing your money around in front of some (censored) dude who thinks you're lesser than him (or her) because of your unassuming ways.

[Toddtwenty2]

and every now and then throwing your money around in front of some (censored) dude who thinks you're lesser than him (or her) because of your unassuming ways.

I like that.

I used to live near a plumber that ran a very successful company. He worked alongside his teams and dressed in a very unassuming manner. He used to love to walk into jewelry stores, slightly haggard after a a day of work. He would poke around while being ignored by the sales associates, have eyes rolled when he asked to see one of the most expensive pieces, then get a good chuckle at the backpedaling when he paid with a wad of cash.

[bikinchris]

Good for you. Don't forget that life has to have purpose. Set goals and work toward them. Even if it's a non paying part time job.

[ntb1001]

Well....been loving this retirement thing so far!!
I’ve been riding more than I have in years...lost 16lbs so far.
Too bad weather is starting to turn and get colder now.


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[.RJ]

I formally retired today!!

I’m 54

I'm 40 now, and hoping to do the same.... my wife and I make good money and I'm trying to save as much as we can, maxing out employer matches, etc.

I dont know that 'retirement' means I wont work, but, I can step back and either work without worrying that it needs to pay the rent (bike shop, photography) or consult/travel and take summers/holidays off, etc. Hopefully by then the house is paid for or we move to a lower cost of living place.

[tuxbailey]

Wow. The dream.

Congratulations!