If given a choice, when do you want to retire?

@scheng1 (24812)
Singapore
April 23, 2009 9:46am CST
Some rich people do not want to retire. Most of those business owners are reluctant to pass the business to anyone else, they prefer to hold the power and work beyond retirement age. Some like to retire early, as early as their 30s, and spend the time doing the things they like. Or work part time just to kill time. If given a choice, when do you want to retire? What do you like to do in your retirement.
2 people like this
20 responses
@dragon54u (31607)
• United States
23 Apr 09
I am involuntarily retired, as there are no jobs available that I can do in the city I live in. I'm 55 so I guess I'm retired with my small income. It's nothing like I thought it would be. I thought I could take a few trips and enjoy some museums, see some sights. Instead I sit here on the computer trying to make some money to put into my retirement fund so that I don't have to live with my children and be a burden to them when I'm really old. Save as much as you can for retirement so you don't end up like me. Doing without a few luxuries right now will pay off big when you're able to enjoy your retirement because you've saved for it.
@scheng1 (24812)
• Singapore
23 Apr 09
Hi Dragon, we are living in very different society. Over in Asia, most of us singles live with our parents. Even for those married folks, many live with the aged parents or in-laws. So if the parents have 7 kids, and all are married, one of them will live with the parents. It's part of the society where we live. Many senior citizens do have an apartment where they can rent out while they live with their children. Sometimes, the senior citizens hate to stay with their children, they prefer to stay in their own house. Given the average lifespan, 55 years old is still too young to retire. If you treat your online work as another form of employment, you will not feel so bad. Happy mylotting and may you earn enough for a comfortable retirement.
1 person likes this
@dragon54u (31607)
• United States
23 Apr 09
That's wonderful that your families there are still close and take care of each other! My sons keep telling me not to worry because I can always live with them. They are so sweet... I was just having a bad moment there. I'm sure things will work out fine, I just sometimes get a bit panicy. I have good health but my arthritis is very painful and it makes me grumpy. Thanks for the encouragement!
@scheng1 (24812)
• Singapore
24 Apr 09
Hi Dragon, it's a culture difference. Over here, single does not usually move out of the family house. Even the unmarried daughter of our ex-Prime Minister, Mr Lee Kuan Yew, also stay with him. She is 54 years old this year, a professional woman. The Asian culture is very different from the Western culture. Parents also expect that children support them in their old age. We do not have social security, so we have to rely on ourselves and family.
1 person likes this
@Ravenladyj (22940)
• United States
23 Apr 09
Well I'm a lucky one..I retired when I was 28 yrs old and I've been retired ever since....Wht do i do? I'm a SAHM which is exactly how i love it..I hated being away from my kids when i was working and my days were just too hectic when i was working and tending to the kids the house etc AND goin to school...
@scheng1 (24812)
• Singapore
23 Apr 09
haha Raven, that's not the real retirement. Stay at home to look after kids are worst than working full time. Over in Singapore, most mothers prefer to hire a full time maid to look after the kids. They will go mad if they stay at work for a week looking after kids. There is no official working hours when you are looking after kids. Can't possibly tell the kids that mummy is available from 9 to 5, the rest of the time they have to take care of themselves.
@Ravenladyj (22940)
• United States
23 Apr 09
Stay at home to look after kids are worst than working full time. I disagree...i LOVE being at home and keep in mind my kids are both teenagers now and extremely self sufficent...to ME..working was going out to my job and putting in 50 60 hours a week...Staying home and being a mom isnt a job...
@Ravenladyj (22940)
• United States
23 Apr 09
Can't possibly tell the kids that mummy is available from 9 to 5, the rest of the time they have to take care of themselves sure I can...if I want a day to myself..I'm GETTING a day to myself..but again, my kids arent little ones anymore...
@fwangaa (3058)
• China
24 Apr 09
i want retire now. the goverment will give me money , and i can use these money for my life. and i will have a lot of time to do things that i want . i want to travel. to sit at home read book, play computer, i will very relax if i retire now. i will don't have so many burden in my head. now , i always at home. i want freedom. but i don't feel relax, because no one want the money that he doesn't pay his effort.
@scheng1 (24812)
• Singapore
24 Apr 09
Hi Fwangaa, I think your government will hammer you if they see this message. Waiting for government to give money is very bad oh. They will brainwash you. If you can make a lot of money for yourself, I think you can retire very early and travel a lot. But then you have to pay taxes to government first. China is a very big country, can't imagine anyone travelling to all the places of interests. and the world has a lot more beautiful places to see.
@fwangaa (3058)
• China
24 Apr 09
I have a work , but for some reasons , I can don’t go to my job , because one of manger is my friend, he can give me money monthly Which things the government will brainwash ? is it easily to brainwash? I want to travel other counties, but that need a lot of money about 50000 dollar to other counties. and first you need have that counties passport Is it easily to other counties, you first know other counties language.
@gxyywhyzy (450)
• China
24 Apr 09
Now I have no idea about it.nowdays people want to work until they have no energy to do anything.in my view I will be employed in my job until I have a sufficient insurance.
@scheng1 (24812)
• Singapore
24 Apr 09
Hi Gxyy, I cannot imagine why people want to work till they have no energy for anything else. If they want to work to earn more money, I can understand. Without a lot of money to feel secure, nobody can enjoy retirement. Retirement is a time to spend money and to reward themselves for all the hard work in the past. That is provided they do have money to spend. If they have enough money and they still want to work, that's very strange. Don't they have other hobbies and interests beside work?
• China
24 Apr 09
maybe they will have their own live
• Indonesia
24 Apr 09
According to me the most suitable time for us to retire is around 40's. I hope i can retire is that age, or maybe faster if i have a lot of money. But i have ever read a book. The book is written down by one the most popular motivator. It is written there that he try to retire from what he was doing for living. But when he try for it, he will just fell boring. He do not what to do during his holiday. So he decided to go back to his work again. Huh,,,i do not if one day i have become a rich person, i would be like him or not. But i really get enjoyed when i am working and when there is a holiday i do not what should i do accept try to find another activity or job to do.
@scheng1 (24812)
• Singapore
24 Apr 09
Hi Wisan, you do bring up a very good point. Sometimes we never think about the meaning of retirement, retire from what? Most of us think of retirement as retiring from dreadful full time work, but then some of us do enjoy working, not just for the sake of money, but the fun of being with people whole day. Maybe we need to find some activities that we enjoy so much that we do not ever want to retire from it.
• Indonesia
25 Apr 09
Yeah..You're wellcome. That's my opnion. I hope that it can be a great response to you. Sorry if there is anything wrong with my opinion. Happy mylotting.
@katkat (2379)
• Philippines
29 Apr 09
True that rich people are reluctant to hand their business to their offspring especially if they think it would not properly managed. For most of ordinary people they tend to retire at the age of 60. These people are the ones who are concern for their future when they retire so they worked till 60 to save money for their retirement. Few are willing to have early retirement especially if you don’t have savings yet. But for me if it permits me, I want to retire as early as 40. I want to travel and do what I want, to live simple near the sea and maybe have small business to support my needs. At least I wouldn’t be a forever employee and be my own boss.
@scheng1 (24812)
• Singapore
29 Apr 09
Hi Katkat, agree with your sentiment. If given a choice, I rather retire from the rat race and live a life that I want. Travelling is great when we are still in good health, most people who are over the age of 70 prefer to stay near home or travel to nearby places. Hope you can retire early, as early as 40 years old, and do whatever you want with your life.
@hxstar (510)
• China
24 Apr 09
Hi,scheng1 If given the chance,I will retire at about 50.I will pass the business to others and do what I have dreamed of.I will find a part time job as a professor if I can,this is what I have dreamed of for a long time.During my retirement,I will travell as much as I can and help the poor all around the world with what I have earned.I earned the money for my dream,that is to say,to help the poor.However,it is early for me to talk about the question,what I should do now is to earn more so that I can retire earlier and do what I want to do! Have a nice day.
@scheng1 (24812)
• Singapore
25 Apr 09
Hi Hxstar, you do have a very clear vision of what you want in life. That is good, most people do not even plan for unemployment while they are working, much less to plan for retirement. Maybe your business will make you a lot of money and you can retire much earlier. Some young people are able to retire very early in life, because somebody buys over the business and pays them a lot of money. Some young people even have their business listed in the stock exchange and they become a non executive chairman, just need to attend a few directors meeting and make decision to hire or fire CEO. Who knows! Maybe you can reach the goal in 5 years' time.
@fangqin (142)
• China
24 Apr 09
I want to retire when my children have grown up and be independent.It would be better if my grand children can live with me and I can enjoy the time with him. At that time,I can get rid of busy work and do something I really like.
@scheng1 (24812)
• Singapore
25 Apr 09
Hi Fangqin, most parents have this desire. However when their children do grown up and get married, they feel so bored at home that they continue working. Sometimes they see their children struggling with mortgages, car payment, childcare expenses, and they know that they cannot rely on their children for retirement needs, so they work as long as they can. It's hard to retire early when all their friends are working and nobody is free during the weekday to go shopping or tea.
• India
24 Apr 09
if given a choice, I would like to retire at age 50. if I have made enough money by then, then I want to have my free time in pursuit of my hobbies. I love traveling but cant do much now because of funds and its kind of difficult to take leaves from office for more than once a year. Then I want to devote some part of the day to social work too and some part just to relax and read.
@scheng1 (24812)
• Singapore
24 Apr 09
Hi Sudipta, it's good to see that you have a definite plan to retire early. It takes a lot of determination to earn, to save and invest enough money for early retirement. It is not easy, that is why not everyone can retire so early. But I am sure you can do that. You have a vision of what you want and how you are going to spend your time after retirement. Wish you all the best. Hopefully whenever you are tempted to spend money and buy things that you like, you can control yourself and think of your desire to retire early.
@zandi458 (27952)
• Malaysia
24 Apr 09
I don't think I want to retire that too soon. I am in business and my business is the only thing that keeps me busy and keeps my sanity intact. Unless until I am very very old and can't see the dollar sign then maybe I call it quits. Until then I will continue what I am doing now. For the most part I enjoy my life now. It is not so much on the rewards but the I want to keep my life busy so I won't go senile fast.
@scheng1 (24812)
• Singapore
24 Apr 09
haha Zandi, you are very fortunate to have a booming business to keep you busy. Look like you will never retire before the age of 100. Even if you cannot see the dollar sign, you can think and talk about your business whole day and whole night. Glad to hear that you are enjoying your life so much. Like to share about your business and the difficulties of starting the business?
@bing28 (3798)
• Philippines
24 Apr 09
I'm in sales and I earn thru commissions so actually am holding my time. If I want to report I go, but I can stay at home if I don't have business to transact. If I want to earn more however, I have to report for work, If I feel it's alright to stay and just report when there are sure buyers, well and good. I can say am totally retired if I no longer touch anything regarding this real estate business. I will retire if am no longer capable of closing a sale.
@scheng1 (24812)
• Singapore
24 Apr 09
haha, I bet you are able to work till 99 years old. Most people are better in sales job as they get older. They have more experience in reading people and have more patience to listen. Glad to see that you are so happy in your profession. Sales and Marketing is just not my cup of tea, even though I envy the flexible timing and the money that good sales people make.
@veejay19 (3592)
• India
24 Apr 09
I have been retired since the last 11 years and at that time my age was 53 much below the retirement age. I had already decided to retire when i reached the age of 50 and live on what i had earned. My aim was to get out of the rat race as quickly as possible and lead a life of contentment and relaxation. My veering towards spirituality also played an important part in my decision. When i did retire i was wondering how my time would pass as i do not socialize at all and am confined to my house always. But i was surprised to find that my time flew so quickly that i was not able to even do what i wanted to do.Now the computer has added to my passing the time and i do not get time to feel bored. My friends who are still working marvel at my attitude and say that they are afraid of retiring as they would not know what to do later.they would prefer to work as long as they can.
@scheng1 (24812)
• Singapore
24 Apr 09
Wow Veejay, you sounds even busier than your friends who are holding full time employment. What on earth can keep you so busy everyday? I guess mylot keeps you busy for an hour or so everyday. It is a good place to socialise without leaving the comfort of your house. And yes, agree that spirituality does bring meaning and happiness to life that no other thing in life can. Do you write? You may want to share how to maintain a fulfilling and meaningful life after retirement.
• India
24 Apr 09
I would like to retire my self after the age of 80 .. Because I feel that I am having the ability to work in any kind of situation .... I am having the capability to deal with all kind of works ,, SO i will never throw my self in early retirement paln.... Work and make money.
@scheng1 (24812)
• Singapore
24 Apr 09
haha Rocky, then you have to plan to live till 120 years old. Not many people even live till 80 years old, much less to work and retire at 80 years old. Maybe you can be the President or Prime Minister, then you can choose to work as long as you like and people will like you to continue working. Retirement is time to spend money and enjoy the fruitage of your labor. So after retirement, make sure you still have many years to enjoy life.
• China
24 Apr 09
Hi scheng1 I think I will retire early when I earn enough money, I hard work to make more money, then I will have lots plans, like travel with my wife , my children, raise a dog , I think dog is a good friend to hunman being, cook , etc at that time , I will doing with my hobbys
@scheng1 (24812)
• Singapore
24 Apr 09
Hi Allen, hope you can retire early and enjoy a happy life. By the time you retire, your children may be too busy to travel with you. Even the one dog that you are thinking may become a whole family of dog and puppies. I love dogs and cats a lot, but living in a small apartment with my parent and brothers is not ideal condition for rearing any pet. Wish you all the best and make a lot of money so that you can retire early.
• Philippines
24 Apr 09
I would like to retire, if given the chance to choose, at age 40 to 50. By then I would just run my own business if Godwilling and just spend the rest of my years making a difference. I may not know as of now, but definitely something I can pass on, from the inside out. All also doing stuffs I love and like, such petty stuffs as fashion designing, painting, handicrafts, photography etc. Very little things that I don't have much time and resources to do as of now. Hopefully I'd be able to pursue them in due time. Ciao!
@scheng1 (24812)
• Singapore
24 Apr 09
Hi Veronica, same thought. I like to retire early too. Every single day I dream of retirement, hoping that it is my last day at work. I think you are very artistic and your interests can generate full time income for you. After all, so many people are making big money out of fashion designing, painting, handicrafts and photography. I am sure you can develop your interest to a level good enough to make money for you.
@lelin1123 (15645)
• Puerto Rico
23 Apr 09
Well I have worked or the past 32 years and I'm now 52 and I'm out of work due to not being able to work for family. Whatever you do don't ever WORK FOR FAMILY. Now I am watching my granddaughter and I do miss getting a paycheck but if I could retire now I would be so happy. I think if you have worked for 30 years that should be it. You should be able to retire without any type of guilt. So now I'm looking for work at home so I can still take care of my granddaughter at the same time. I love to type so if anyone out there can help me out and point me in the right direction that would be great. Thanks and have a great day!
@scheng1 (24812)
• Singapore
24 Apr 09
Hi Lelin, 32 years is a long time. I dreamt of retirement on my first day at my first job, coincidentally, it's a typist job. You may like to take a look at guru.com, elance and Gofreelance. I have signed up at these 3 places but too lazy to take up any assignment. You may like to ask around to find out the reputation of these 3 sites. These 3 sites have some ways to make employer guarantee the payment, but I do not know how. Please check out and see if they have suitable assignments for you.
• United States
23 Apr 09
considering I don't work (on disability) but hubby does & retires in about 10 years - around age 60. We were hoping to have our finances in order by then, the house paid off, debt paid,...but the way things look right now it doesn't look good but we're still hoping.
@scheng1 (24812)
• Singapore
24 Apr 09
Hi Marlene, do not worry too much about 10 years later. Once you have a plan to pay off the debt, and have the determination to stick to the plan, everything will work out fine. The recession is unlikely to last 10 years. Well, as our government (Singapore government) had advised when the economy was very good, "Prepare for the Worst, Hope for the Best." This theme was hammered into our brains during the economy boom. I think it's a very good advice, even though hate to hear it 100 times a day.
• Philippines
23 Apr 09
Personally, I do not want to retire.I want to work until I can.I want to rely on myself personally.If I retire and stay at home,I'll be bored.I want to learn new things until I get old
@scheng1 (24812)
• Singapore
24 Apr 09
Hi Coco, you really make me so guilty. I dreamt of retirement on my first day at my first job. Every single dsy, I dream of retirement. I agree that we should rely on ourselves, and should support our families. It's just that I can stay at home without feeling bored. I dislike hearing the alarm and waking up early in the morning. There are a lot of ways to learn new things without working.
• Philippines
23 Apr 09
You are right some people don't want to retire or want to retire too young. I am a passioante person and I put passion into everything I do. I must say that I like to learn new ideas and work. I think I may retire at an older age, maybe around 80. My family (especially women from my mother and father side) they have a long life and still living in the age group of 85-90. I would like to spend my retirement doing some things like tai chi every morning, gardening and spend time writing a book, either a novel or a cookbook.
@scheng1 (24812)
• Singapore
23 Apr 09
Wow Sophie, you do have very good genes. If your family members live till 90 years old, you have a chance to reach 120 years old. I guess retiring at age 40 must be a nightmare for your family members. Can't imagine spending 50 years not working full time. If there is a chance for people to make money selling good genes, the genes from your family will make you all rich.
@SomeCowgirl (32271)
• United States
23 Apr 09
I don't know when I want to, but I think it will be early. However, if we can help it, I'd like to stay at home and take care of the household as much as possible and mylot to make a little extra cash. Do that in order to save money etc, and then when the times comes that I need to work, I could find a job , plus still do mylot.
@scheng1 (24812)
• Singapore
23 Apr 09
If you are rich enough to retire early, you may not need to work for the rest of your life. You do seem to be a homely person. I hate housework and hate cooking. I'm simply not good at that. Even if I retire early, I would get a part time cleaner to help with the housework.