Retiring from work

[Scarey]

I'm firmly on track for Freedom 55 , however that doesn't mean i'll quit working.....just quit working someone else. I have two hobbies that I intend to turn into small businesses.

 

[goalie000]

According to a financial guy, best to take CPP at 60, smaller amount but if you live long enough you get more! If not at 60, then 65, waiting until 70 does not significantly in crease your amount. Remember you don’t collect when you die!!! Lol
Start taking it when you can and live long!!! Lol

 

[bazokajoe]

Retiring young has unique challenges. If you're not a social butterfly, you will be cut off from the normal socializing and networking that goes along with having a job. Second, all of your friends are still at work so it's not like you can call them up and hang out like you did in high school or college, plus they usually have a family to tend to after work. Third, you do need passions, hobbies, and [new] goals of your own; these are the things that give meaning to life and without them you'll definitely suffer from boredom, loneliness, and mental degradation. This is why retired people often decide to work again. The bonus is that you can work on things of your choosing rather than out of necessity. Work at something you enjoy, start up a business, or chase that childhood dream that you completely forgot about when the pressures of the real world began exerting itself.

Hmm,that's something to think about.

 

[Robert Mugabe]

Retiring young has unique challenges. If you're not a social butterfly, you will be cut off from the normal socializing and networking that goes along with having a job. Second, all of your friends are still at work so it's not like you can call them up and hang out like you did in high school or college, plus they usually have a family to tend to after work. Third, you do need passions, hobbies, and [new] goals of your own; these are the things that give meaning to life and without them you'll definitely suffer from boredom, loneliness, and mental degradation. This is why retired people often decide to work again. The bonus is that you can work on things of your choosing rather than out of necessity. Work at something you enjoy, start up a business, or chase that childhood dream that you completely forgot about when the pressures of the real world began exerting itself.

True all dat. I need an external motivator. I believe the devil finds use for the idle. Which I would become more and more. So I kind of look at my job as a lucky situation at my age.

 

[Keebler Elf]

If you plan to retire early but when someone asks what you're going to do when you retire and you don't have an answer, you're doing it wrong son. You're retiring for the sake of retiring, and likely foregoing some additional level of enjoyment you could be doing now in order to get there early.

The people I've known who successfully retired early all had plans. Setting up a new business, race car driving, hockey coach, etc. If your plan is to make it up as you go along you'll quickly become bored and ultimately that can be bad for your health.

I can't wait to retire early. I have so many plans that involve large blocks of time that I simply can't do now while working.

 

[superstar_88]

Which brings up the question what are some of those plans.