You need to keep busy and do stuff in retirement. My father retired at 60, sat on the couch and promptly had a heart attack. My father in law retired at 60, sat on the couch and promptly had a stroke. He is still alive at 84 but his health and quality of life is not well.
Finally time to retire
- Thread starter Cujet
- Start date
All the more reasons for medicine and pharma to put more research on to the causes of aging and ways to slow or stop it.
Can't add anything to the letter question besides be factual and brief but be sure to cover any commitments due you. That being said good luck, better health and enjoy whatever you do!
But one question; Are you ready to and can you retire? And I don't mean financially. I tried a while back after a merger and long story short I couldn't shut off. Resulted in a family intervention; "...you don't have to go to work, but you got to go somewhere...." Three years later, I think I could, but it would be an active retirement.
Your 177 is calling you
I've wondered about that, how it skirts that. I think it goes like this: no one is "forced", it is offered. If no one takes the offer, then they can't fire only from that age group, as that would be age discrimination. They would have to do any letting go across the whole company. So they hope for the best and any downsizing can be accommodated with carrots rather than sticks.
Beats me, but if HR can offer this, then you know for sure it follows the letter of the law!
My step-father had to take early retirement at around 62 because he could no longer obtain malpractice insurance after his 2nd heart attack. At the time it hit him really hard because he associated his identity with his profession on top of the fact that he was in effect being forced out of the specialty he loved. It took him years to adjust and when he did his was diagnosed with Parkinson's (likely brought on by exposure to Agent Orange per the VA). I guess what I'm saying is try to stay positive about this new chapter in life despite your health challenges.
As for a retirement letter, meh, just draft email containing a couple of sentences where you're giving notice as of such and such a date.
When the time to retire really comes, you know that it is time without a doubt. Retire without regrets and enjoy the next 30+ years.
They wanted to invest more training in you then watch you retire? Seems odd
88 year old owner of multiple dealerships still comes in to work every day. Hope I have as much energy at that age.
https://moco360.media/2021/08/08/the-dealmaker/
https://moco360.media/2021/08/08/the-dealmaker/
I have no interest in lounging around. That is not my idea of fun. However, I have a number of technical projects I'd like to sink my teeth into. One is a small gas turbine engine design I've had in mind, in various forms since college. I built 6 of the things in school, and I'd like to build an updated prototype (about 250HP) and do some testing. No interest in making it a commercial product. Would simply like to build it. It is not secret technology, however, nothing like it exists.
I know a guy like this… He just won’t quit working…. His “energy” derives from not wanting to be around his wife all day.
This is my retirement email:
Boss,
All good things come to an end and today was my last day.
Dave
——————————-
Very short and sweet. No paragraph or trashing of any people.
Cujet you deserve a well earned retirement and enjoy your time away from all the work related stresses.
Boss,
All good things come to an end and today was my last day.
Dave
——————————-
Very short and sweet. No paragraph or trashing of any people.
Cujet you deserve a well earned retirement and enjoy your time away from all the work related stresses.
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Retirement should be a class act.
I think you should give a reasonable amount of notice. What is reasonable depends on the situation. I knew it would take some time to replace me so I told my boss I was retiring with an approximate date 6 months in advance. We talked about my upcoming retirement once a month or so during those 6 months. I provided a letter of retirement exactly a month ahead of my last day.
There is no need to explain. Retirement is an expected event during the career of every employee.
I was 66 1/2 years old. My plan had always been to retire before anyone else thought my retirement would be a good idea.
I think you should give a reasonable amount of notice. What is reasonable depends on the situation. I knew it would take some time to replace me so I told my boss I was retiring with an approximate date 6 months in advance. We talked about my upcoming retirement once a month or so during those 6 months. I provided a letter of retirement exactly a month ahead of my last day.
There is no need to explain. Retirement is an expected event during the career of every employee.
I was 66 1/2 years old. My plan had always been to retire before anyone else thought my retirement would be a good idea.
Congrats Cujet!!! Don't take Social Security early. Unless you need it. Which I doubt you do.
I sure hope most plan to live past 80...
Current average lifespan in the USA is 79.11 years
I believe that is at birth. It's a bit more than that if you are 62, the earliest you can collect SS. Even more if you are 70, the latest you can delay to maximize the bonus.
In addition to lifespan, there are three things (or more) that people don't usually consider when calculating when to start SS. Income tax impact, time value of money, and COLA adjustments to your SS checks. Of course, none of that matters if you need to start collecting early to live.
Time value of money means it is more valuable earlier. I did a calculation and figured if I got an 8% return and invested my early SS income (62 to my FRA of 66) I would always be ahead taking it early no matter how long i lived.
I ended up waiting until almost 70 for a few reasons. I didn't need it to live on. A larger amount would be subject to COLA . I could make larger rollovers from Taxable IRA to Roth (income tax considerations) between when I retired and when I started SS.
Sadly it seems that’s no longer true. For men in the USA, it is now down to 73 years. Chronic disease is cited as a major factor. My health issues have grave consequences. I’m already having significant nerve damage. trying to address that. But it’s the heart that fails due to fatigue, that is a huge risk for me. Already happened twice.
https://www.cnbc.com/2023/03/01/why...-than-women-on-average-and-how-to-fix-it.html
Interesting article. They mention that the lifespan advantage of women over men disappeared during the 1918 - 1920 influenza pandemic (the so called "Spanish Flu" pandemic). It turns out that young people and especially pregnant women were at greater risk of death. One of the few conditions where a young person could be well in the morning, taken ill during the day and be dead before midnight.
The theory is that older people must have had partial immunity apparently due to some influenza event earlier in their life.
Strangely enough, in the case of the "Spanish Flu" pandemic the virus became more virulent over the course of the pandemic. People who got sick early on did better than people who caught it later in the pandemic.
