60 and Over

Retired in 05, and never had desire to go back to work.
swimtrekr 58 Reviews 1079 reads
posted

I did pull a year-long stint as a lifeguard at the Y where I worked out.  That helped with the play money.  However, small skin cancers forced me to give that up.  I'm a swimmer for part of my working out, and I wasn't going to give that up, so the job had to go.  A couple years later and Social Security kicked in, and all of a sudden, I was bringing home more money than I was when I was working, between SS and my pension.  Then Medicare came on, and my health insurance took a big drop, again increasing my net take-home pay.  I do have little nest egg in reserve, but will have to start withdrawing it in about 3 years.

Swim

And (gasp) an inevitable income drop....

I really enjoyed a lot of wonderful women with no regard to the cost.. it wasn't an issue.. I played when I wanted and with who I wanted to play with..  

About 2 months ago, it suddenly occured to me that, holy crap.. I have to be careful.. also I'm in sales.. income is created by effort..and I have puposely cut back and work with existing clients so no more great monthly new business bonus..yech.. retch.. !

My question is , how have others in our "age range" dealt with this... I know there are some special women I've seen that think that I have dropped off the face of the earth, but frankly, I am petrified of life without a bonus and I still have a boner .. so what am I to do (beside the obvious)..  

Just a random question to see if others in our age range have had to deal with this crappy life change.  

Maybe a nite job somewhere?

I looked forward to the big day and planned and accomplished my goals .
I'm single so I picked up and bought a condo on the beach in Ft Lauderdale . Pretty much scaled down EVERY part of my finances and lifestyle to the point all bills were paid and could not spend the monthly retirement check !
BUT ......I was bored as hell and spent way to much time at the beach chasing bikinis and drinking WAY TOO MUCH . Day after day and did I mention the complete boredom ?
So I started doing two, maybe three , months working a contract job . The money is pretty damn good , keeps me from drinking to much and I actually am using my mind !!!!
After a project is done I take a few months off, spend all that extra cash I stashed and just have a blast :)
Then I get bored again and select a new contract and do it again . It's cool, because its not like "work" as I don't really have to work and can walk away any time I want . Luckily I enjoy the work a lot but I look at it completely different and can get away with a LOT with my boss as he's aware of my retirement and just don't really care if I lost the job :)    
Your in sales - go get a Realtor license and sell a house when you can and live off if your monthly check .
There are PLENTY of legitimate on line sales positions working from the house .
Just drop your finances to have ALL obligations covered .
Good luck and get ready for some serious changes to your life - in a good way :)  

Posted By: josulli
And (gasp) an inevitable income drop....  
   
 I really enjoyed a lot of wonderful women with no regard to the cost.. it wasn't an issue.. I played when I wanted and with who I wanted to play with..  
   
 About 2 months ago, it suddenly occured to me that, holy crap.. I have to be careful.. also I'm in sales.. income is created by effort..and I have puposely cut back and work with existing clients so no more great monthly new business bonus..yech.. retch.. !  
   
 My question is , how have others in our "age range" dealt with this... I know there are some special women I've seen that think that I have dropped off the face of the earth, but frankly, I am petrified of life without a bonus and I still have a boner .. so what am I to do (beside the obvious)..    
   
 Just a random question to see if others in our age range have had to deal with this crappy life change.  
   
 Maybe a nite job somewhere?
-- Modified on 8/30/2014 7:16:09 AM

-- Modified on 8/30/2014 7:27:24 AM

just concentrate on your atfs

No payroll check means no deductions for Medicare/Medicaid.  Less coming in could mean a lower tax bracket.  If you had commuting expenses related to work, kiss them goodbye (along with any other work related expense like clothing).  Downsize the housing, or move where the cost of living is more affordable.  I think you can see my point:  Retirement doesn't have to be a battle to survive or an abandonment of favorite activities.  My gross retirement income from SS and various retirement tools is approximately 60% of what my working gross was, yet my net income is nearly identical to what it was while working.  

-- Modified on 8/30/2014 8:15:37 AM

My ATF is quite expensive frankly.. and I have become great friends with her.. that's all good.. but as recently as a few months ago, I would go see her and give her something in the 4 figures to the point where we really lost track of who owed time or money.. now I really couldn't do that..  

I haven't retired yet.. but plan to do so on a combination of SS, retirement vehicles and some outside income .. I will continue working with a few of my favorite clients and I will be paid for that.. all in all.. I will be making about the same after I no longer will be funding a 401K.. but the biggest difference is that in the past, I might get a check for a decent 5 figures  every month or two. that's gone now.. and boy do I miss it..

...60% of what was my employed pay. Lower tax bracket now makes my bring home about the same as before so my  retirement check pays all my expenses with some left over. I have a fun part time job that pays for play time. I needed something to do and this job fills the bill. I work about 12 to 15 hours a week. I see a provider about two times a month. Usually one of several I've been seeing for several years now.  
My retirement didn't change anything for me much except give me more time of my own.

I retired from one profession and my retirement income actually increased a little.  But have gone on to develop another skill and have worked in gov contracting for close to 15 years now. Right now in between contracts and have been considering really retiring.  But, I know I'd get bored so continue to seek another position. However, the sudden drop in income has reduced  or nearly eliminated my disposable income, so I need to make some additional money to see my ATFs.

ATLDAWG528 reads

I officially retired 4 years ago-prior to that I unofficially retired in 1995 !!!  (Meaning-I continued to make money-but stopped busting my butt so the CEO and the rest of his itinerant family could live their dream !  And...it didn't hurt me at all !  As I backed off the 4 AM wake up calls and red eye night flights from coast to coast to save them money-I consciously decreased my overall spending and increased my savings-so I guess having a very early revelation as to "Hey, What the F and Who The F am I doing this for ?  Life has been great now for a long time and there was no problem transitioning from working to being retired.  I have no desire to "work" and do not miss it ! I do though buy and sell items that I know I can get a good cash return on-so that provides a nice stash of cash for this and other hobby's !  So if you can do some preplanning - it will pay off !

THat's a great idea.. I HAVE preplanned.. and have a lot of $$ saved.. but nothing new comonmg scares the crap out of me and lately trying to follow a "budget" has been impossible..

Understand about the red eye crap.. and yes that stuff will be over.. I originally got my college degree in acting.. theatre.. and then necessity got in the way.. had to make a living.. and so I did.. a really great one in fact.. my ideal retirement would be to futz around as an extra for the many movies that shoot locally.. make a few bucks.. re-activate my old union card and use it as supplemental income.. but that is spotty..

I did pull a year-long stint as a lifeguard at the Y where I worked out.  That helped with the play money.  However, small skin cancers forced me to give that up.  I'm a swimmer for part of my working out, and I wasn't going to give that up, so the job had to go.  A couple years later and Social Security kicked in, and all of a sudden, I was bringing home more money than I was when I was working, between SS and my pension.  Then Medicare came on, and my health insurance took a big drop, again increasing my net take-home pay.  I do have little nest egg in reserve, but will have to start withdrawing it in about 3 years.

Swim

ATLDAWG553 reads

So what would you do-Run it by hand until you built up sufficient working capital ??? !!

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