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Forums59
Topics1,039,824
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Most Online39,925
Dec 30th, 2023
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 Re: retirement
[Re: bloo_rainger]
#13917734
03/10/21 06:07 PM
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Joined: Jun 2006
Posts: 49,602
TreeBass
Lt. Dan
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Lt. Dan
Joined: Jun 2006
Posts: 49,602 |
Wife and I started the "4 year plan" for retirement a couple years ago, came into 2021 with nothing but the house and boat (bought Dec 28 2020) payment. She can't retire until she hits 50, 2yrs 8 months from now, has the years, but not the age. I on the other hand will probably retire within 2yrs 9 months or 3yr/9mon trying to pay off the boat, or as much as we can before we buy a new truck. Then its fishing and whatever we want all the time.
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Re: retirement
[Re: bloo_rainger]
#13917742
03/10/21 06:14 PM
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Joined: Jul 2010
Posts: 75,908
banker-always fishing
Pumpkin Head
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Pumpkin Head
Joined: Jul 2010
Posts: 75,908 |
I retired at age 57. Worked 37 years with one agency. Have a great retirement plan. I made sure that my house and cars were totally payed off when I retired. I also have several investment funds that I have been adding to all throughout my working years. They are also paying off for me. Been living very comfortable and enjoying being retired. Life is good! 
![[Linked Image]](http://imagizer.imageshack.us/v2/xq90/823/ycku.jpg) ![[Linked Image]](http://imagizer.imageshack.us/v2/xq90/560/ukw3.jpg) IGFA World Record Rio Grande Cichlid. Lake Dunlap. John 3:16 Sinner's Prayer. God forgive me a sinner. I accept Jesus Christ as my Savior !
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Re: retirement
[Re: bloo_rainger]
#13917776
03/10/21 06:34 PM
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Joined: Apr 2004
Posts: 14,130
Stump jumper
TFF Guru
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TFF Guru
Joined: Apr 2004
Posts: 14,130 |
I planned to retire at the end of 2022 when I hit full retirement age for SS but thanks to Covid retirement came early. At least I got a decent Severance and several months of health insurance paid for. Truck is only debt I have but with a 0% loan there is no incentive to pay off. I qualified for unemployment and will milk it as long as possible. I will work full time again for the right job and shorter commute. Only problem with unemployment is doing 5 job searches per week.
2200 Bay Champ/200 Mercury Optimax
2017 Tundra TSS 4x4 Crewmax 5.7L
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Re: retirement
[Re: bloo_rainger]
#13917785
03/10/21 06:41 PM
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Joined: Feb 2004
Posts: 28,423
Okie Poke
TFF Guru
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TFF Guru
Joined: Feb 2004
Posts: 28,423 |
My wife will retire in exactly 2 years. I don't believe that I'll ever retire. I love my job that much!
😎 Dallas Cowboys....eventual Superbowl Champions 😎
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Re: retirement
[Re: Okie Poke]
#13917819
03/10/21 07:04 PM
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Joined: Apr 2004
Posts: 14,130
Stump jumper
TFF Guru
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TFF Guru
Joined: Apr 2004
Posts: 14,130 |
My wife will retire in exactly 2 years. I don't believe that I'll ever retire. I love my job that much! I did too. It was the commute that I did not like. I went in early but the commute home could be a beating.
2200 Bay Champ/200 Mercury Optimax
2017 Tundra TSS 4x4 Crewmax 5.7L
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Re: retirement
[Re: Nickbyrd]
#13917895
03/10/21 08:01 PM
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Joined: Dec 2007
Posts: 14,577
bloo_rainger
OP
TFF Guru
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OP
TFF Guru
Joined: Dec 2007
Posts: 14,577 |
I'm mid 20's and dream of retirement...got 40 years to go....not good. Y'all will just have to fill me in on how everything's fishing from Monday - Friday. I know it seems like we’ll never get there 😭 like RayBob said, your going to wake up and look in the mirror one day which will get here at warp speed and your going to be old. it sucks...…...
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Re: retirement
[Re: bloo_rainger]
#13918066
03/10/21 10:01 PM
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Joined: Aug 2004
Posts: 3,641
Allen Bass Fisher
TFF Team Angler
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TFF Team Angler
Joined: Aug 2004
Posts: 3,641 |
I retired at 60 almost four years ago. As a “senior manager/director” my company offered me early retirement and for the first five years they would paid me about 60% of my salary each June (called supplemental retirement plan) plus pension, company paid life insurance and lower (than open market) retiree health insurance. Everything was going fine for three years and then the pandemic hit last year and my old company filed for bankruptcy.
The first thing they did was pull our health insurance, shortly after that they quit paying supplemental retirement plan, and finally they pulled our company paid life insurance. I still get my pension as that is managed by an outside financial institution and is fully funded. The idea of this supplemental plan was to get those who qualify to full retirement at 65. Then Medicare would kick in.
Health insurance was the biggest shock. For my wife and I it is $1,086 a month and that’s a discounted price. Without the discounted price it is about $1,800 a month. Luckily we have been planning a long time for retirement so we have saved enough to cover it. It’s just now some of my money to play with is being used to pay for health insurance.
The biggest thing that ticked my off about my old company is two weeks before they declared bankruptcy, they awarded the current senior executives a huge bonus.
Things change!
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Re: retirement
[Re: Allen Bass Fisher]
#13918102
03/10/21 10:33 PM
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Joined: Nov 2008
Posts: 2,986
bigrebar
Extreme Angler
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Extreme Angler
Joined: Nov 2008
Posts: 2,986 |
I retired at 60 almost four years ago. As a “senior manager/director” my company offered me early retirement and for the first five years they would paid me about 60% of my salary each June (called supplemental retirement plan) plus pension, company paid life insurance and lower (than open market) retiree health insurance. Everything was going fine for three years and then the pandemic hit last year and my old company filed for bankruptcy.
The first thing they did was pull our health insurance, shortly after that they quit paying supplemental retirement plan, and finally they pulled our company paid life insurance. I still get my pension as that is managed by an outside financial institution and is fully funded. The idea of this supplemental plan was to get those who qualify to full retirement at 65. Then Medicare would kick in.
Health insurance was the biggest shock. For my wife and I it is $1,086 a month and that’s a discounted price. Without the discounted price it is about $1,800 a month. Luckily we have been planning a long time for retirement so we have saved enough to cover it. It’s just now some of my money to play with is being used to pay for health insurance.
The biggest thing that ticked my off about my old company is two weeks before they declared bankruptcy, they awarded the current senior executives a huge bonus.
Things change!
Some great benefits right there. Sucks it ended like that.
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Re: retirement
[Re: bloo_rainger]
#13918107
03/10/21 10:44 PM
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Joined: Oct 2004
Posts: 1,540
Cmack
Extreme Angler
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Extreme Angler
Joined: Oct 2004
Posts: 1,540 |
Jumped out at 59 1/2 almost 5 years ago and have not regretted it one day. Spent 35 years with a large oilfield firm and the politics and political correctness made the decision to go extremely easy.
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Re: retirement
[Re: Fishin' Nut]
#13918307
03/11/21 01:34 AM
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Joined: May 2008
Posts: 10,290
Rayzor
TFF Guru
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TFF Guru
Joined: May 2008
Posts: 10,290 |
Feb 2, 2024. I can't wait now that my employer has joined the Woke movement. February 11, 2024. I hope that I can work part time enough to pay for insurance and a car payment.
Last edited by Rayzor; 03/11/21 10:44 PM.
Be safe, Rayzor ![[Linked Image]](http://i418.photobucket.com/albums/pp267/JLedbetter/th_Boatpics036.jpg) 2001 Triton Tx-21/225 Mercury EFI
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Re: retirement
[Re: bloo_rainger]
#13920557
03/12/21 09:11 PM
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Joined: Jan 2007
Posts: 2,037
Techfisher
Extreme Angler
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Extreme Angler
Joined: Jan 2007
Posts: 2,037 |
Good luck rayzor....getting a part time gig for those of us over 60 is tough. You wouldn't think so but the avg part time gig wage where I'm moving to in Florida is about $8 bucks. You'd have to work a 40 hour week to actually make any money...:) Even given a decent set of skills, a college education and boat load of experience I'm just another old person among a sea of old people in Flo-rida...:)
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Re: retirement
[Re: Techfisher]
#13920589
03/12/21 09:45 PM
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Joined: Dec 2005
Posts: 4,737
gander
TFF Team Angler
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TFF Team Angler
Joined: Dec 2005
Posts: 4,737 |
Good luck rayzor....getting a part time gig for those of us over 60 is tough. You wouldn't think so but the avg part time gig wage where I'm moving to in Florida is about $8 bucks. You'd have to work a 40 hour week to actually make any money...:) Even given a decent set of skills, a college education and boat load of experience I'm just another old person among a sea of old people in Flo-rida...:)
Around in my neck of the woods you would be hard pressed finding many jobs that pay only 8$ an hour. HEB hires off an on for 12.50 -15 $..Lowes, Home Depot, Brookshires even Walmart don't start with that low a wage... people with the right skills education etc can find contract work for companies and do better than hourly wages
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Re: retirement
[Re: bloo_rainger]
#13920608
03/12/21 10:09 PM
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Joined: Feb 2009
Posts: 10,437
BThomas
TFF Guru
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TFF Guru
Joined: Feb 2009
Posts: 10,437 |
I was going to retire in 4 to 5 years. However, my company is freezing the pension and going to take away PRB's if we do not retire before 01-JAN-2023. I will be 59 and 10 months old. So, I will be
retiring next year and will have to hopefully find a job to help with insurance.
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Re: retirement
[Re: SkeeterGuy1]
#13920655
03/12/21 11:09 PM
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Joined: Jan 2008
Posts: 2,586
JRGOCARDS
Extreme Angler
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Extreme Angler
Joined: Jan 2008
Posts: 2,586 |
I'm mid 20's and dream of retirement...got 40 years to go....not good. Y'all will just have to fill me in on how everything's fishing from Monday - Friday. Enjoy your youth!! Be sure to always save a portion of your income and you will be retired before you know it!! JR
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Re: retirement
[Re: Rayzor]
#13920839
03/13/21 02:07 AM
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Joined: Sep 2006
Posts: 10,043
Spiderman
TFF Guru
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TFF Guru
Joined: Sep 2006
Posts: 10,043 |
Feb 2, 2024. I can't wait now that my employer has joined the Woke movement. February 11, 2024. I hope that I can work part time enough to pay for insurance and a car payment. Property taxes, don’t forget to throw those in there.
The Truth is six of the seven Dwarfs are not Happy!
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