Roll Call for the Retirement Class of 2023!

[Miriam2]

Ahhh!! Get ready for relaxing times after those years of toil and work



The Roll Call for the Retirement Class of 2023 is now open!

Are you planning to RETIRE in 2023? Congratulations!

Add your name to this Wonderful Retirement Roll Call, post your R-date and age, get ready for punch-out day, and please share with us your exciting glidepath into retirement. And yes, tentative retirement plans and estimated dates are okay - we just reboot you when they change

No more Working for the Man

[BogleFan84]

Moving from class of June 2022 (age 62) to June 2023 (age 63) due to perceived sequence of return risk (high Inflation, down market) and being too busy as engineering manager to plan for non-financial aspects of retirement (took to heart DW concern I'd be bored after 40 years of F/T work).

Sleep well at 50/50 AA though down 10% ($2.2M to $2M) and glad I moved 30% from VLTBX (total bond fund) to Stable Value at beginning of 2022.

Thankful for good health; run 3-5 miles 4-5 times a week, looking forward to the next phase; spending time with DW, grandkids, hiking White mountains, biking, skiing, church technical needs (IT, website, livestreaming), some travel and possible volunteer work for other non-profits' tech support.

[Miriam2]

Moving from class of June 2022 (age 62) to June 2023 (age 63) due to perceived sequence of return risk (high Inflation, down market) and being too busy as engineering manager to plan for non-financial aspects of retirement (took to heart DW concern I'd be bored after 40 years of F/T work).

OK BogleFan 84! You have the Great Honor of being the First Classmate of the upcoming Class of 2023 - and believe me, these great honors are hard to come by and greatly sought after We'll reboot you from the Class of 2022 to 2023.

Now as for your perceived sequence of return risk, the Retirement Roll Call tries to be as helpful as possible when classmates have retirement snags, so here is this very useful graph to help you determine how to arrange everything to avoid the Dreaded Sequence of Returns Risk

"The following example shows a 4% withdrawal rate with an equity allocation of 50% and the remaining 50% bonds . . . sequence of returns risk."



Please let us know if it works

Sleep well at 50/50 AA though down 10% ($2.2M to $2M) and glad I moved 30% from VLTBX (total bond fund) to Stable Value at beginning of 2022.

I understand fully - also moved some 401k investments to Stable Value several years before retirement.

Thankful for good health; run 3-5 miles 4-5 times a week, looking forward to the next phase; spending time with DW, grandkids, hiking White mountains, biking, skiing, church technical needs (IT, website, livestreaming), some travel and possible volunteer work for other non-profits' tech support.

What a load of retirement plans! And your wife thinks you're going to be bored! Actually, however, there is really something to the difficulty of hard-working professionals to get used to the retirement phase of unending space with few time constraints and schedules. As Jill Steinberg put it, "The retirement honeymoon is over, and many find it hard to adjust to the lack of routine and schedule."

We wish you good luck in preparing for your retirement and hope that everything turns out perfect and that you enjoy a long, healthy retirement with family and friends

[Old Goat]

February 10, 2023 is my date. I'll be 56.5 then and with pensions/medical coverage, I'm looking forward to some extended hiking/backpacking trips. DW enjoys her career and intends to work a couple of more years.

Plan #1 is to complete as much of the AT as I can in 2023. Start date for that depends on when I complete 2022 tax returns .

[Wannaretireearly]

Ahhh!! Get ready for relaxing times after those years of toil and work



The Roll Call for the Retirement Class of 2023 is now open!

Are you planning to RETIRE in 2023? Congratulations!

Add your name to this Wonderful Retirement Roll Call, post your R-date and age, get ready for punch-out day, and please share with us your exciting glidepath into retirement. And yes, tentative retirement plans and estimated dates are okay - we just reboot you when they change

No more Working for the Man

What a great job you do with these threads
I’m so looking forward to the 2027 or 2028 editions!!

[loghound]

Grabbing my spot to chronicle the next year

Planning on retiring June 1, 2023 at the age of 58 and a 36 year career.

I have two boys and they are both Seniors next year (one in HS, one in college) -- I joke with my wife that 'everyone is graduating next June'

Planning on living off of dividends & interest from a taxable account along with a 2% withdrawal from IRA/401k and waiting until 70 to take SS -- I have no debt and I can flex both my spending but also how much I withdrawal -- I'm fortunate to have a lot of financial flexibility.

From an emotional point of view I'm ready -- I've had a great career and done a lot of interesting things but I increasingly find work a burden (even things that I used to enjoy) so I'm looking forward to controlling my own time.

More details to follow as the next 12 month progresses....

[sean.mcgrath]

Hi Miriam,

I just looked back at my 2022 post -- promise it's for real this time!

Please pencil me in for June 1st.

Age: 59 (both of us)

Finances look more than fine.

I've been planning this for quite a while: travel, more time at our cottage in Michigan, sailing in Greece and the Great Lakes. It's good that travel is back -- we haven't been to our cottage for three (!) years.

Also, my wife has started a business to produce and distribute a board game that she designed (she has made many over the years). The next few years will see me helping out and having fun together on that adventure.


Cheers,
Sean

[Miriam2]

Ahhh!! Get ready for relaxing times after those years of toil and work



The Roll Call for the Retirement Class of 2023 is now open!

Are you planning to RETIRE in 2023? Congratulations!

Add your name to this Wonderful Retirement Roll Call, post your R-date and age, get ready for punch-out day, and please share with us your exciting glidepath into retirement. And yes, tentative retirement plans and estimated dates are okay - we just reboot you when they change

No more Working for the Man

What a great job you do with these threads
I’m so looking forward to the 2027 or 2028 editions!!

Thank you for the thanks! By 2027 or 2028, however, I'll surely be fired by then, I'm so slow on the uptick

[Miriam2]

February 10, 2023 is my date. I'll be 56.5 then and with pensions/medical coverage, I'm looking forward to some extended hiking/backpacking trips. DW enjoys her career and intends to work a couple of more years.

Plan #1 is to complete as much of the AT as I can in 2023. Start date for that depends on when I complete 2022 tax returns .

A big welcome to this 2023 Retirement Roll Call, Old Goat You're on the list and in the class.

Thank you for sharing your plans and please let us know how your glidepath into retirement goes. We hope everything works out perfectly and that you enjoy these next months finalizing everything and planning for the next phase

[Miriam2]

Grabbing my spot to chronicle the next year

Planning on retiring June 1, 2023 at the age of 58 and a 36 year career.

I have two boys and they are both Seniors next year (one in HS, one in college) -- I joke with my wife that 'everyone is graduating next June'

Planning on living off of dividends & interest from a taxable account along with a 2% withdrawal from IRA/401k and waiting until 70 to take SS -- I have no debt and I can flex both my spending but also how much I withdrawal -- I'm fortunate to have a lot of financial flexibility.

From an emotional point of view I'm ready -- I've had a great career and done a lot of interesting things but I increasingly find work a burden (even things that I used to enjoy) so I'm looking forward to controlling my own time.

More details to follow as the next 12 month progresses....

Hi loghound and a Big Welcome to the Retirement Roll Call for 2023 - it will be here before you know it! Less than a year and you'll be out and on your own on the sunny side of the street.

Thank you for sharing your path to retirement with us We understand how work can become a burden, even a good job can become tiresome after many years. You had many years of good work and now it's time to move on with the next phase of your life. Yes, please give us progress reports as your glidepath into retirement unrolls.

For sure - next year will be a wonderful family year for you with all your graduations and new beginnings! We hope all your plans work out well and that you enjoy a very long and pleasurable retirement

[Bbddl]

The end of April is my date, age 63.
NYS job with 50% pension, 457 plan and sufficient other sources of funds.
Wife retired this past February at age 52. She has stayed occupied with lunch dates, pickle ball and a healthier lifestyle which has definitely benefitted her.
One kid in grad school, the other starting college this year at James Madison Univ in VA. We are planning on leaving the high cost and congested Long Island, NY area and may be renting in VA initially to get the in state tuition which would save us approx 40K over the 4 years at college. Before purchasing a new retirement home, we have always planned on renting to get a feel for the area.
We will continue traveling... returned from 10 days in Costa Rica last month. Planning an African and Galapagos trip in the new future.
Hockey remains a huge part of our lives, I play 3 times a week and plan on attending pro games also, so our retirement area selection needs to include ice rinks.
Other requirements are; near the ocean, community with extensive amenities, very good healthcare, warmer winters eliminating the snow/ice issues of the northeast.
Tampa checks most of our boxes. We are very open to reverse snowbirding to avoid the Florida summers if we end up in the Tampa area.
Have a great day all!

[Miriam2]

I just looked back at my 2022 post -- promise it's for real this time!

Please pencil me in for June 1st.

Age: 59 (both of us)

Finances look more than fine.

I've been planning this for quite a while: travel, more time at our cottage in Michigan, sailing in Greece and the Great Lakes. It's good that travel is back -- we haven't been to our cottage for three (!) years.

Also, my wife has started a business to produce and distribute a board game that she designed (she has made many over the years). The next few years will see me helping out and having fun together on that adventure.

OK sean! We penciled you in for your new date, new year - it's ok, you can come back as often as you want to enjoy hearing those magical words: "Welcome to the Retirement Roll Call!" You're in the new class, the Intrepid Class of 2023.

We enjoy hearing about your retirement plans and we hope everything turns out perfect. Enjoy this next year of planning and preparing

[Miriam2]

The end of April is my date, age 63.

Congratulations Bbddl and welcome to this Really Super Retirement Roll Call - you're on the Class Roster for 2023!

NYS job with 50% pension, 457 plan and sufficient other sources of funds.
Wife retired this past February at age 52. She has stayed occupied with lunch dates, pickle ball and a healthier lifestyle which has definitely benefitted her.

One kid in grad school, the other starting college this year at James Madison Univ in VA. We are planning on leaving the high cost and congested Long Island, NY area and may be renting in VA initially to get the in state tuition which would save us approx 40K over the 4 years at college. Before purchasing a new retirement home, we have always planned on renting to get a feel for the area.

We will continue traveling... returned from 10 days in Costa Rica last month. Planning an African and Galapagos trip in the new future.

Thanks for sharing your retirement glidepath and your plans Looks like you planned well and have good things on your burners.

Hockey remains a huge part of our lives, I play 3 times a week and plan on attending pro games also, so our retirement area selection needs to include ice rinks.
Other requirements are; near the ocean, community with extensive amenities, very good healthcare, warmer winters eliminating the snow/ice issues of the northeast.
Tampa checks most of our boxes. We are very open to reverse snowbirding to avoid the Florida summers if we end up in the Tampa area.
Have a great day all!

Wow - a hockey player and ice rinks! Funny to consider that Florida checks those boxes We hope you continue your ice skating and hockey playing and all your retirement plans for a very long time and you enjoy a long and heathy retirement! Keep your house up north - never know when Florida will disappear into the ocean like Atlantis

[chazas]

I’ve been planning on the end of 2023 - I’ll be 62 and more than ready to leave a middling lifetime career in biglaw.

However.

Given the stock market declines and general economic uncertainty, I am considering just stepping back instead. I could probably make plenty to keep from touching my nest egg, cover medical insurance and expenses and continue funding a 401K with “part time” work. The only drawback is, “part time” in my business never seems to end up being that.

Of course if the economy falls off the cliff I could end up without a job by then anyway - I almost ended up in that circumstance after the financial crisis.

tl;dr: Hopefully, but too soon to tell.

[SurferLife]

Hooray, we finally get to retire in 2023! We will be 52/43. The current market could push us out further, but right now we are planning on a mid-2023 exit from the workforce. I retired 2 years ago from the military and have been doing the govt contractor gig as a transition job. That said, I'm ready to walk/run/sprint away from 30 years of govt service, and have been in a university farmer training program over the last 15 months.

We recently purchased an old farm in Hawaii and the renovations are more costly than expected, so we are dealing with that. I've been sitting behind a computer for decades, so I'm really looking forward to the hard work, exercise, and extra time with our young children. We will also be homeschooling, and DW is writing a book and want's to get more involved in using her skills to help minister to women.

Finances look to be okay since we mostly get by (80%) on a pension, but as early retirees we planned on having a large taxable account to supplement from, which is being depleted by farm renovations that must be done, so we will see! Our original pre-recession plan was a 2% SWR, so that gives us a lot of flexibility, but it's hard to pull money out when the market looks as it does!

We are also going to try and create a farm business of some type, which will take a few years, so that will be a new adventure and maybe something that will generate enough income so we don't have to pull anything from any retirement accounts. DS wants to have a tropical flower business, which has excellent income potential. DD just wants to milk cows.

The one constant we have always had is that we seem to have adventurous lives, and it doesn't look as though that's going to change.

[SuzBanyan]

My date is September 30, 2023. I will start Medicare the next day.

I have already let some of my clients know that I will be winding down and that September 30 is a hard date. My annual malpractice insurance ends just after my 65th birthday and I will not renew but instead rely on the tail coverage I have earned to date. My husband will be a few weeks short of 74 and he will have been retired for many years by that time. He is anxious for me to retire, but my work from home schedule of my own business already allows us lots of freedom to do what we want when we want. I appreciate adding just a little more to our retirement accounts, particularly on the Roth side due to my current very part time schedule, and to deduct our health insurance costs.

[Zeno]

I’m in for the Class of 2023, although the end could arrive anytime over the next 18 months. Put me down for 12/31/2023.
If this happens as I anticipate, there will be some honor in jumping into the retirement pool with my fellow retirees in these interesting times. https://www.cnbc.com/2022/06/29/stock-m ... -news.html. Queue all the trite and banal quips (“Go big or go home”; “D*** the torpedoes, full speed ahead”; etc.).

[Miriam2]

I’ve been planning on the end of 2023 - I’ll be 62 and more than ready to leave a middling lifetime career in biglaw.

Hooray Chazas! A big welcome to the Retirement Roll Call and YOU'RE IN this wild Retirement Class of 2023 We're just getting up and running so you have a little time to get all your retirement papers in order and to plan for that Big Wild Retirement Party in your Big Law conference room or wherever you can fit the most people in the biggest space

However. <<== That's the problem with lawyers LOL! There's always a "however . . ."

Given the stock market declines and general economic uncertainty, I am considering just stepping back instead. I could probably make plenty to keep from touching my nest egg, cover medical insurance and expenses and continue funding a 401K with “part time” work. The only drawback is, “part time” in my business never seems to end up being that. <<== That's the problem with law LOL! The work expands to full-time over-time

Of course if the economy falls off the cliff I could end up without a job by then anyway - I almost ended up in that circumstance after the financial crisis. <<== That's the problem with cliffs, it's hard to climb back up

tl;dr: Hopefully, but too soon to tell. <<== Ok! You can tell us, but don't tell the boss - yet

Enjoy this upcoming year planning for your retirement! Please let us know how your glidepath works out - and we hope everything works out smooth and wonderful.

[Miriam2]

Hooray, we finally get to retire in 2023! We will be 52/43. The current market could push us out further, but right now we are planning on a mid-2023 exit from the workforce. I retired 2 years ago from the military and have been doing the govt contractor gig as a transition job. That said, I'm ready to walk/run/sprint away from 30 years of govt service, and have been in a university farmer training program over the last 15 months.

Welcome to the Retirement Roll Call, SurferLife, and this up-and-coming Class of 2023! You finally get to retire

We recently purchased an old farm in Hawaii and the renovations are more costly than expected, so we are dealing with that. I've been sitting behind a computer for decades, so I'm really looking forward to the hard work, exercise, and extra time with our young children. We will also be homeschooling, and DW is writing a book and want's to get more involved in using her skills to help minister to women. . . .

We are also going to try and create a farm business of some type, which will take a few years, so that will be a new adventure and maybe something that will generate enough income so we don't have to pull anything from any retirement accounts. DS wants to have a tropical flower business, which has excellent income potential. DD just wants to milk cows.

Now this is really neat! An old farm in Hawaii, a tropical flower business, and you're looking forward to "hard work and exercise!" Thank you for sharing your plans. We wish you good luck and good fortune with your Hawaiian farm

Finances look to be okay since we mostly get by (80%) on a pension, but as early retirees we planned on having a large taxable account to supplement from, which is being depleted by farm renovations that must be done, so we will see! Our original pre-recession plan was a 2% SWR, so that gives us a lot of flexibility, but it's hard to pull money out when the market looks as it does!

The one constant we have always had is that we seem to have adventurous lives, and it doesn't look as though that's going to change.

For sure your adventurous life is not going to change! Do you know Boglehead Nords? He's a surfer in Hawaii, knows military pensions, has his investments on "auto-paddle"

[marcus213]

Hi, Miriam2 and everyone here,

It's time for me to step up and join the class, and I'm currently planning on a departure date somewhere in May of 2023. I'll update in the future when I can call that date exactly, but it's project-dependent and I wish to finish my current work, and that project's end date is not yet known with certainty.

But I'm very certain of my own timeline and have been working towards it for the last several years, and last year managed to pick up a nice windfall which has added an extra margin of safety to my plan. AA is currently 63/37 and I'll aim to keep it in that range, and in the meantime I'm just watching the markets, national and world events like everyone else here. I've taken the same big drops as most folks on this forum over the last few months, but it would have to get far, far worse to alter my retirement plans (knock on veneer over particle board), and so I'm just carrying on and keeping my nose to the grindstone.

Thank you, Miriam2, for maintaining this thread, and thank you to everyone on this board for your advice and guidance. I very much look forward to updating along with the rest of the Class of 2023 as we wrap this one up!