ChiefsPlanet - Life Retirement Thread

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Retirement Thread (https://chiefsplanet.com/BB/showthread.php?t=352954)

philfree

04-01-2025 07:47 PM

We just sold a family property, and I got a pretty big chunk of change from it. I may owe $20,000.00 in taxes but that's not enough for me to want to do 1031 exchange so I'm just going to pay the government so they can send it off for tranny research on monkeys or something. After that I'm going to use the majority of it to buy a house out in the desert. Gonna be a "Snowbird" starting next winter.

philfree

04-01-2025 08:11 PM

I dreamed of work once. I was young and stayed out partying so at lunch I went and racked out on this chicks sofa and I dreamed of work. When I woke up I thought it was ****ed up. Dreaming of work!

HemiEd

04-02-2025 05:24 AM

Quote:

Originally Posted by Rain Man (Post 18016787)

I stopped working about six months ago, but with the agreement that I'll go back for roughly three months this summer. I'm starting to ramp up for that now.

The weird thing is that I'm having "work dreams". These are not interesting dreams. They're dreams where I'm back working in the office, having meetings with people, and planning out proposals and stuff. Nothing happens in these dreams that didn't happen in an ordinary work day for me. I find this to be an odd phenomenon. I assume that it's related to going back to work, and maybe some part of my brain is getting warmed up after sitting in the cranial garage all winter.

I still have them on occasion having been retired over a decade now. Mostly related to travel and the trade shows we did.

RedRaider56

04-02-2025 11:35 AM

I am officially retired as of midnight last night....

No more work emails, texts or calls.

It's kind of eerie, being so quiet without all the distractions..But I think I will get used to this....

Rain Man

04-02-2025 11:47 AM

Quote:

Originally Posted by RedRaider56 (Post 18017365)

I am officially retired as of midnight last night....

No more work emails, texts or calls.

It's kind of eerie, being so quiet without all the distractions..But I think I will get used to this....

Be ready for the dreams. Night after night, working at your job without pay or respite.

But other than that, congratulations! The daytime part is really cool.

RedRaider56

04-02-2025 11:50 AM

Quote:

Originally Posted by Rain Man (Post 18017384)

Be ready for the dreams. Night after night, working at your job without pay or respite.

But other than that, congratulations! The daytime part is really cool.

Thanks! I think I'll actually sleep like a baby.. IRA and 401K accounts dwindling will be what keeps me up at night.

Mosbonian

04-02-2025 12:08 PM

Quote:

Originally Posted by RedRaider56 (Post 18017365)

I am officially retired as of midnight last night....

No more work emails, texts or calls.

It's kind of eerie, being so quiet without all the distractions..But I think I will get used to this....

Congratulations! Now be prepared for the endless calls from the person who replaced you because they forgot where you told them you put all your notes...

BigRedChief

04-02-2025 12:15 PM

Quote:

Originally Posted by RedRaider56 (Post 18017387)

Thanks! I think I'll actually sleep like a baby.. IRA and 401K accounts dwindling will be what keeps me up at night.

Congrats!

RedRaider56

04-02-2025 01:36 PM

Quote:

Originally Posted by Mosbonian (Post 18017408)

Congratulations! Now be prepared for the endless calls from the person who replaced you because they forgot where you told them you put all your notes...

Thanks! I know. They will start at some point in time. *sigh*

crayzkirk

04-02-2025 02:36 PM

Yay! I finally get to start taking out of Social Security. Reached my full retirement age of 66 & 8 months. First check comes at the end of the month.

Rain Man

04-02-2025 02:48 PM

Quote:

Originally Posted by crayzkirk (Post 18017645)

Yay! I finally get to start taking out of Social Security. Reached my full retirement age of 66 & 8 months. First check comes at the end of the month.

Make it rain!

crayzkirk

04-02-2025 02:51 PM

Quote:

Originally Posted by Rain Man (Post 18017663)

Make it rain!

First time I've gotten anything from the government. Overpaying your taxes and cheering a refund doesn't count.

Mosbonian

04-02-2025 04:00 PM

Quote:

Originally Posted by crayzkirk (Post 18017645)

Yay! I finally get to start taking out of Social Security. Reached my full retirement age of 66 & 8 months. First check comes at the end of the month.

Are you going to continue to work or have you retired?

I worked for an additional 16 months from reaching FRA and that additional amount of money is a nice little bonus to invest in retirement.

philfree

04-02-2025 06:27 PM

Quote:

Originally Posted by philfree (Post 18016871)

Quote:

Originally Posted by crayzkirk View Post
Yay! I finally get to start taking out of Social Security. Reached my full retirement age of 66 & 8 months. First check comes at the end of the month.

I think I'm going to take mine at 64. Hopefully they get the tax package passed so there's no Federal Income Tax on it. I've got it figured where it will pay the small mortgage, property tax and monthly home owners insurance on the Snowbird House. I have my other investments working for me and I own all my other stuff so I should be able to live quite comfortably till the inevitable occurs. Rock till you drop!

crayzkirk

04-02-2025 06:32 PM

Quote:

Originally Posted by Mosbonian (Post 18017766)

Are you going to continue to work or have you retired?

I worked for an additional 16 months from reaching FRA and that additional amount of money is a nice little bonus to invest in retirement.

I decided to retire on 10/15 because the company I was working for was acquired and all work had stopped. I just couldn't sit around and collect a check anymore, even gave up a 10k bonus. I was done. I thought I would miss the IT work yet the only thing I miss is creating solutions for the people I cared about. No regrets after working for 51 years.

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