Skiles and Age 65+

I think for this reason, millienials and/or gen z will force the retirement age being moved to age 70 or dropped altogether. Many millenials and gen z are childless or have a small number of children. I significant portion also dont have any religious beliefs. With aging comes changing priorities and views on life. I think the need for having a purpose in life will cause a change in attitudes. When you are 55 or 60, you cant necessarily do all the things you loved in your 20s and 30s. Everyone I know in retirement either has grandchildren that keep them busy or a church that keeps them busy. None can party or travel like they were able in their younger years and health problems further limit things they used to be able to do. A significant amount of their friends have gradually died due to cancer, heart attacks or natural aging process. Everyone wants to retire young until the reality of how boring retirement can be sets in. You can ask someone who is 100 years old and still walks 2 miles a day how he did it: by always staying busy and having a purpose where he was needed.

Curious what the relationship between “religious beliefs” and this statement is?
 
When I retire I want to take a part time job as a marshal at a golf course so I can drive around and heckle all the “ limber back’s “ when I see them sneaking beers out of their golf bags.
 
When I retire I want to take a part time job as a marshal at a golf course so I can drive around and heckle all the “ limber back’s “ when I see them sneaking beers out of their golf bags.

how about driving the golf cart with the cage around it, collecting the driving range golf balls?
 
how about driving the golf cart with the cage around it, collecting the driving range golf balls?

I did that one summer in high school. Way less fun than you'd think. And it provides less protection than you want. Working at a driving range is pretty much a glorified landscaping job.
 
how about driving the golf cart with the cage around it, collecting the driving range golf balls?

I was on the golf team in college and had a friend take that position at one of the courses we played fairly often. I knew he was in the cage one day while we were at the driving range so I took a driver off the deck and took proper aim. I can't imagine how loud the impact must have been in the cart, but it stopped moving for a bit. Then he drove it to the side, parked, and promptly quit.

We had adult beverages not long after and had a good laugh. I may have been more amused than he was.
 
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I retired from 121 flying at age 65 five years and nearly 9 months ago. It was the easiest job I ever had and I loved it. Having the extra five years was a lifesaver for me because my career was derailed by 9/11. After I retired, I went to work after 3 months at FSI. Then my only option was full time even though I would have preferred to be part-time. At the time I didn’t mind because it as laid back. I also bought into a plane partnership. I remember a thread in which someone mentioned that us old folks could never pass a type ride. Well, I had to unlearn the Airbus and learn the legacy Falcon 900. I got my type in 3 weeks, then had to go through recurrent and gobs of training before I was allowed to actually teach.

Then the pandemic hit and I was laid off and, after 3 months of that, I was let go. It was depressing and demoralizing. They gave me a nice severance though. Then, in October, 2020, they asked me to come back part time. Sweet! In 2021 I was typed on the Falcon 2000 at the same time I was going for my type authority in the 900. That was hard, but I did both successfully. Fast forward to now when I am finishing up another type on the Challenger 300.

Working part-time on my terms is fun. I sold my share in the airplane and stopped actually flying. I could get my medical and do contract work but I don’t want to despite all the money they continually want to throw at me. I work with two retired pilots who need to work and that’s sad. I don’t. Although I don’t know how many millions are needed to retire, we think we’re in great shape. I never had the opportunity to work for the rates of today, but did okay my last 6 years.

I real he
forbade Fox News from the TV area! In my spare time I plan our month long vacations. I’m working on 2024 now. Some of my former colleagues at the airline who also had to retire are bitter. It’s sad, as it is for those that can’t retire. They never had a plan.

Now my wife was working full time at about 70 hours per week and teaching at three universities. Her boss was 73 and died of brain cancer four months after being diagnosed last year. He never got to retire. We came back from a month in France last October and she told them she was done 12/31. Now she consults for an obscene amount of money, making twice what she made as a chief HR officer while only working 20 hour per week and when she wants to. She still teaches, when she wants to.

I can’t imagine sitting around. But so far, I am happy with my days. There is no one right path. I think being happy is critical. Wake up with a smile and it goes a long way.
 
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Something I struggle with is understanding how much money we need to retire. The guy at Fidelity makes lots of predictions and shows me a speedometer looking thing that says we are on target. Meanwhile the wife and I are both squirling away as much into our 401K as we are allowed to, including catch up contributions.

Would be nice if there were a finish line so if we wanted to retire early we could.
 
Something I struggle with is understanding how much money we need to retire. The guy at Fidelity makes lots of predictions and shows me a speedometer looking thing that says we are on target. Meanwhile the wife and I are both squirling away as much into our 401K as we are allowed to, including catch up contributions.

Would be nice if there were a finish line so if we wanted to retire early we could.
It all depends on how much disposable income you want upon retirement.

Our house and cars are paid for. We worked a budget for the things we need, and the things we want to do, then came up with a monthly "income" that we thought would work. Sat down with our advisor and worked through the details with him.
 
Something I struggle with is understanding how much money we need to retire. The guy at Fidelity makes lots of predictions and shows me a speedometer looking thing that says we are on target. Meanwhile the wife and I are both squirling away as much into our 401K as we are allowed to, including catch up contributions.

Would be nice if there were a finish line so if we wanted to retire early we could.

Very easy number to calculate. If you’ve spoke to a financial advisor and he’s told you that you’re good, then you’re probably good. I don’t think much of financial advisors, but even they can do these basic calculations.
 
They used to have a 4% rule, that you could take 4% a year out of your nest egg. So, if you had a mil, that's 40K per year. I've heard it said that 3% is a better number to use when the stock market is "unhealthy". Plus, you can figure in social security. I think mine is 3K/mo if I take it at 67. Trust me, I'm the last person that should be giving financial advise. But you asked...haha.
 
They used to have a 4% rule, that you could take 4% a year out of your nest egg. So, if you had a mil, that's 40K per year. I've heard it said that 3% is a better number to use when the stock market is "unhealthy". Plus, you can figure in social security. I think mine is 3K/mo if I take it at 67. Trust me, I'm the last person that should be giving financial advise. But you asked...haha.
Check your Social Security statement online. It shows what you can expect to collect depending on your age when you start collecting.

Remember, the RMD dictates how much you have to withdraw from IRA and 401(k) accounts when you reach the age at which you must withdraw money. That’s available online and is a simple percentage of your balances in those accounts based on age.
 
I was kind of thinking this too. The age 66 deaths struck me less about airline piloting being dangerous to your health (though you guys do get all that sweet radiation up there) and more about how a lot of elderly people die within a year of losing their spouse.
How do you explain that the folks who retire early live significantly longer? Could that be a reverse causation, ie, people who have more things to live for are more likely to retire early, while the ones who live to work are more likely to work until they can’t?
 
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