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AK Retiree Club

Discussion in 'General Off Topic Forums' started by parman, Aug 27, 2018.

  1. parman

    parman Retiree Subscriber

    Messages:
    6,192
    Location:
    worse than Detroit
    I'm retiring this week and know that I seen lots of members posting who are retired so I thought about giving this a shot. I thought we could talk about what we're doing with our time and share a few ideas with each other. I'd like to hear about favorite travel destinations, your life since you left the daily grind, activities and hobbies besides audio. Maybe tip each other off on how you make a few bucks on the side ;)
    I just turned 65, I'll be getting SS and a pension + I have a 401 so things should be pretty good. The wife wants to work a little longer so I said HAVE AT IT BABE! LOL. I hope to start having a little more fun by not just having weekends for leasure. I'll be leaving for a beach vacation shortly and plan on starting a new life!
    Anyone else new to retiring? How about some long timers perspective :beerchug:
     

     

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  2. dosmalo

    dosmalo T-Totaled Subscriber

    Congrats!
    Now you'll have more time to wear yourself out getting all the things done you've never had the time to do cause you were working.
    Lol! I never knew what tired really was until I retired!
    I think you'll love it!
     
    Last edited: Aug 28, 2018
  3. Kevin D

    Kevin D AK Subscriber Subscriber

    Messages:
    842
    Location:
    Buffalo Grove, Illinois
    Congratulations!!!!
     
    Darren James and parman like this.
  4. hdewees

    hdewees Well-Known Member

    Messages:
    924
    Location:
    Minnesota
    Congratulations!

    I have 350 some days before I pull the trigger. Did you sign up for Medicare online? Other health insurance? The guy that I had paint parts of my house is 69 and he pays $180/month - had heart surgery and paid $15 copay for the $30,000 procedure. Any other helpful ideas for this part of retirement is appreciated. Just planning ahead. House is paid for, IRA, 401K, small pension, etc.
     
  5. bashman

    bashman AK Subscriber Subscriber

    Messages:
    1,010
    Location:
    Berkeley
    I retired in April at age 63 and have a pretty good pension, shared health care costs and free dental. I also have a 403B (401K for public sector folks) which will come in handy. I'm not sure when I'll start taking Social Security, but probably at 66.

    I have spent a lot of time on projects around the house -- organizing/clearing out the basement, taming the big yard, petting the cat. I've also ramped up my volunteer activities at a local thrift store, the friends of the local library and schools. My wife teaches first grade so I helped at the end of last year and helped get her room ready for this school year. I also make her lunch every day and do more of the cooking (I've always done most of the shopping). She'll work at least until next June, maybe a year after that.

    One thing I really like is being able to run errands when I want to, not having to wait for the weekend when everyone else is doing the same thing. I've also expanded my home exercise program (originally just physical therapy stuff to recover from shoulder surgery) and actually enjoy getting tortured by my physical trainer twice a week. I'm paying more attention to what I eat and have lost 10 pounds. I'm stronger and more fit than I have been in many years -- I want to enjoy this retirement gig as long as possible.

    I'm also looking to start my own business, doing writing and editing for start-ups here in the SF area.
     
    tcdriver, Leland47 and parman like this.
  6. Yamaki

    Yamaki Not For Hire Subscriber

    Messages:
    4,013
    Location:
    Hillsboro, Oregon
    I want to join the club.... :)

    I retired in November of 2017 at 63 yrs young. Got a pension, 401K distribution and will eventually sign up for SS & Medicare with some supplements when the wife retires in April of next year.

    After some down time over the holidays and attending to some personal decompression, I went to work on my Honey Do list and that really took some time! A Honey Do list is a living thing and you never really get it all done as things keep being added to the list, right? I also set up the bookkeeping tools, forms and website for Honey's art glass business. She hired me as her Business Manager but I don't seem to ever get paid. How does that work???

    So since the big day came and went, and the Honey Do list was whittled down to a mere fraction of it's original size; I needed to find something else to do. I've always been a bit of a gym rat so I upped my hours there and it's nice to walk in during a week day and have access to whatever machine I want to start on with no waiting. I also purchased a bicycle and started pedaling by butt all over town for the exercise. No offers yet but one can remain hopeful. :D

    I tore down and replaced our front porch and deck this past Spring. It was fun to have the time to plan it out, make the changes I wanted to see and work on it over extended period of time and not have to rush.

    I also have found the time to pursue some other hobbies that I seemed to not have enough time for while working. I now spend more time monitoring/moderating on a couple of vehicle based forums and I have thoroughly embraced one of my long time pursuits and loves, spending more time at the gun ranges, both indoor and outdoor (as weather permits) and tinkering with my firearms. The only downside to that is having to replenish my ammunition supply more often than ever before! Oh well, ya gotta pay to play, right?

    I wanted to retain some of my professional knowledge and expertise so I used some business contacts and now spend about 30 - 40 hours per month as a contracts consutant to a legal firm whose Principal is a long time business acquaintance of mine. I am also pursuing a part time position as a Construction Manager with a firm with which I have done considerable business with in the past. I can do 90% of that job from home with the occasional site visit after construction commences.

    I also fiddle with my gentleman's hot rod in the garage, spend time as a local library volunteer, I keep the house clean, do the laundry and just do what is needed to keep the place up.

    If asked, I think the biggest change that impacted me being "retired" the most was having the time to do what needs to be done or what I want to do, without rushing and having the freedome to choose when I do it. And having to time to do it all without sacrificing something else due to my time being limited.

    I'd say working for myself isn't a bad gig but I gotta admit the Boss is a bit of a PITA... LOL
     

     

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  7. Beemerdoc

    Beemerdoc Grumpy Old Fart Subscriber

    Messages:
    606
    Location:
    Sarasota, Florida
    Do please share with us his secrets. The biggest battle I will be facing is Medicare/supplements.I'll be 66 in Feb and still working by choice.
     
  8. sKiZo

    sKiZo Hates received: 8642 Subscriber

    Thinking about taking up base jumping ...

    [​IMG]

    Or maybe run with the bulls ...

    [​IMG]

    ... or not.

    I find myself doing pretty much the same things I always did. Difference is, I have more time to do it right.
     
    Bill Ferris likes this.
  9. trinhsman

    trinhsman AK Subscriber Subscriber

    Messages:
    1,257
    Location:
    On a lake in Georgia
    Will look at it in the spring, but no more than 1/1/2020. Could probably do it now, but a bit scared. Wife is 12years younger than me, so medical insurance is going to be a real issue. Lucky I have a job that pretty much let’s me go where and when I want.
     
  10. Andyman

    Andyman Scroungus Stereophilus Subscriber

    Messages:
    28,514
    Location:
    15 miles North of Canada
    Health insurance is a huge cost if you don't have a carryover plan from work or are 65 and Medicare eligible. If you're 62ish and planning on taking your Social Security, open market health insurance or COBRA could easily eat up half or more if your SS benefit.

    I'll be 66 next week and started my SS benefit in May while continuing to work full time as special rules for you full retirement age year allow me to not be penalized for my wages. I'll probably work at least 5 more years as we have some school loans for the kids we need to cover, but at least 3 for sure until my wife is Medicare covered.
     
  11. parman

    parman Retiree Subscriber

    Messages:
    6,192
    Location:
    worse than Detroit
    I see some of you mention exercise, that is something I've always done but I've been doing less and less the last 5 years or so. I plan getting into it more now and doing it earllier in the day when I have more energy. I've delt with some back issues so I'd really like to work on my core strength and flexibility.
     

     

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  12. dosmalo

    dosmalo T-Totaled Subscriber

    AND, you'll have more time to spend here on AK!:banana:
     
    Bill Ferris likes this.
  13. onepixel

    onepixel .

    Messages:
    34,098
    Location:
    Maui
    If you are serious do Restorative/Yin Yoga. It's super gentle and once you get better do Vinyasa and or Slow Flow. It works.
     
  14. onepixel

    onepixel .

    Messages:
    34,098
    Location:
    Maui
    I'll be 60 in December. I haven't had a 9-5 job in 9 years and have been kinda semi-retired. But I'm an artist and artists don't retire. I'll be painting, doing more photography and some design work. Currently, I'm working on some design and art for Marriott's Ko Olina Beach Club on Oahu and stuff for another new resort in Southern California. I've been doing fun work.

    I'm leaving Silicon Valley, California and moving to Maui, next week. My house needs a lot of fixing up, but I intend to be playing in the ocean a whole lot more. Surfing, diving, fishing, sailing, swimming. I'm divorced and single, so I can pretty much do whatever I want as long as I don't kill myself or get arrested.

    I'll be visiting my daughter in NYC, in the fall. Depending on the weather, I hope to hop across the pond to Southern Europe, Northern Africa, the Mediterranean and make my way to Istanbul. I'm flying, taking the train, the bus, ferries and anything that moves. The site https://www.rome2rio.com, while not 100% accurate will give you cheap and good alternatives to getting around. I found another site that connects you to stay for free places with meals, in return for helping out with some work. I found a couple of surf schools in Lisbon and Malta that need web and design work. Some places even pay. Work some, surf, be a tourist, eat, sleep and repeat.

    Stocks have regained their groove the last couple of days and are doing really good. Almost to good, starting to worry. I bought some marijuanas stock, recently and it went up 30% in one day before it settled down at 25%. AMD is up 141% since last December. How much does a savings account get, 1.9%? I have partly AK to thank for this. Years ago, AK had a Stock Market Game, through one of the trading firms. Real stocks, real-time trading, but play money. We all started with 100K. I won the game with 400K+ or so at the end of 6 months. My picks aren't always winners, but I'm ahead.

    So if all goes well, that will take care of the rest of 2018.
     
    meggy, Bill Ferris, Andyman and 2 others like this.
  15. Mystic

    Mystic We're all born mad

    Messages:
    38,496
    Location:
    Ligne Maginot
    I'm in semi-seclusion re: the labour force, providing consulting @ 25-50% FT basis, depending on tasks @ hand, although the % of time I dedicate to "work" is largely my own choice.

    I have found that semi-retirement is a boon to my weight room activities, @ my sixth decade powerlifting and "general" lifting w/ more strength & endurance than @ any other time of my life. I have time to better focus on and ingest dietary elements most beneficial to strength development and/or retention.

    I also have more free time for reading and, in some instances, re-reading, various works of literature (English, French, and Russian), such non-fiction as memoirs, biographies, histories, language arts/theory (linguistics), economics (re-reading @ present Piketty's 2013 masterwork Capital in the Twenty-First Century), and more.

    Is there space in zee club for we who are @ the labour market for just a fraction of our time?
     
    parman likes this.
  16. parman

    parman Retiree Subscriber

    Messages:
    6,192
    Location:
    worse than Detroit
    [QUOTE="Mystic, post:

    Is there space in zee club for we who are @ the labour market for just a fraction of our time?[/QUOTE]
    Oh Hells yes!
     

     

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  17. parman

    parman Retiree Subscriber

    Messages:
    6,192
    Location:
    worse than Detroit
  18. parman

    parman Retiree Subscriber

    Messages:
    6,192
    Location:
    worse than Detroit
    A buddy of mine keeps telling me to put money in a pot stock called Canopy Crop, I guess it's going crazy but now most of my money is pretty conservative and I doubt my investment woman would be on board with that move.:(
     
    Bill Ferris likes this.
  19. DeeCee

    DeeCee Super Member

    Messages:
    2,695
    Location:
    Central Florida
    I had more time to do stuff around the house and since wifey likes a lush garden lately it seems that I've been outside in killer humidity and heat. She is still working and i've been doing typical "house hubby" duties.

    It's good and bad (like all things). I do miss the extra cash but in another sense I'm also saving money as well. Glad to be out of the rat race.
     
    Bill Ferris likes this.
  20. jeanmarie

    jeanmarie AK Subscriber Subscriber

    Messages:
    2,075
    Retired 4 years ago at 55. Should have done it sooner. Lots of time to do things I want to do not what I have to do. Loving it!!!!!!
     
    dosmalo and nedseg like this.

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