jvclark02 wrote:You did not allow for multiple retirements e.g in my case age 42, 53 and now at age 67 it's still TBD
mickeyd wrote:When I was age 58 (11 years ago) my job went away and I was unemployed. I fooled around with pt/temp jobs for a while but eventually did some really simple math and calculated that DW and I had plenty of invested funds and future income streams (6) to last a long, long time. At that moment in time, I was retired. I have never looked back.
Ron wrote:Would I do it all over again? Is this a trick question ? (I was made for retirement ).
Happiness is a fairly universal goal. Richard Nelson Bolles examined happiness in retirement and describe "levels" of happiness -pleasure, engagement and meaning - based on the scientific studies of Martin Seligman. Paraphrasing from the book:
Pleasure is the immediate positive reinforcement you get from doing something you like. Its duration is usually short, lasting as long as the activity itself. Enjoying a good meal, tasting a fine wine or hitting a good golf shot, are three examples of positive reinforcement resulting in very short term pleasure.
Engagement is the happiness that results from losing yourself in something you are doing. The positive reinforcement often does not come until after you have finished. Engagement involves effort on your behalf to successfully overcome some challenge and it is likely that that additional reinforcement imprints the feeling of the experience more strongly and gives the resulting happiness a longer duration.
Meaning is an approach to happiness that results from using your abilities in service to something larger than yourself. Common examples of service include actions done on behalf of family, friends, your community or a host of social or religious causes. The positive feedback from these pursuits is often amplified by the recognition of your efforts by others. This type of reinforcement can last a lifetime.
Sheepdog wrote:I ran a similar survey 6 years ago with which you can compare. "For retirees:At what age did you retire??" viewtopic.php?t=12457&mrr=12023217621
I am in my 16th year. I would do it over again. I am healthy at 80. My wife and I have traveled well in the US and world, including a classy 2 week cruise in January. We even enjoyed being with each other 24/7 (surprisingly). We have our separate lives, though. We both volunteer assisting children, she in a school, and I in a Children's Museum. My retirement income from SS and investments has been more than adequate as our nest egg has kept up with spending needs and wants and grown some on top of that.
Wildebeest wrote:However retirement may be dangerous to your health, mood and relationship.
Wildebeest wrote:Would you have changed anything? What would you wish you had known beforehand?
FireProof wrote:Age 25, and I'd definitely do it over again so far - then again, it's been less than 2 years.
FireProof wrote:FireProof wrote:[/color]
I'm retired at 25 and wrote a (pseudonymous) article that partially discusses my thinking: http://voices.yahoo.com/why-retire-lima ... 18472.html
You can tell the article is for a 25-year old's concerns because it doesn't even mention heath care
You can definitely hugely reduce costs - you just can't live like a gringo who's trying to transplant America. I guess I have a Bay Area perspective though. You can also reduce non-healthcare costs by moving to the Rust Belt, but that seemed less appealing.
Personally I wouldn't recommend moving to Asian countries (unless you have that ancestry), because the languages are so hard, and you're so different that it will be hard to ever really assimilate. But then again, some want to retire to live as expats, rather than to really integrate with the local culture.
My girlfriend is not yet retired (and she's already 26!) and is working over the internet earning a salary in dollars from the US company where she already worked, which obviously goes a long way in a 3rd world country.
Shameless brag, but Peru is winning some plaudits for its cuisine on a global scale: http://www.spoonfed.co.uk/spooners/spoo ... ards-7525/
Some French guy told me I need a reality check, and, hey, there surely are more great restaurants in France, but value has to be a factor as well.