Shy and retiring...

I'm hoping to drop it like a hot potato! I have a 401k thing going on but it won't be enough I'm sure. I'm not saving like I should be but I plan to start trying a little more of the aggressive type investments when the economy picks up a bit. Try to save a little more back too.

Hiya Dawnald, Even i don't know what will be happening in the future, i already plan for my retirement. Actually i start saving up now and do investments for me and my family. So by the time i reach age 65 ( If I'm still alive) I and my family have a good life, not so rich as long as we have food for our belly, roof over our heads and do some yearly trips around asia lolz. Happy myLoting.

Dawn, I really don't think you need me to answer this one, because you already know my answer. Firstly, I haven't "worked" (that is, paid work) since I married my wonderful husband in 1960. Apart from raising 5 sons, I have always been involved in voluntary work in children's and youth ministry, counselling, conducting Bible studies etc. For the last 9 years I have been VERY involved in a specific children's and youth ministry which requires very long hours of work and much travelling to conduct holiday clubs and to present training seminars. Would I retire? Would I give it up? NO WAY!!!!! I LOVE the work I do. Someone said "Find a work you enjoy and you will never have to work again". There is no way I could consider what I do as work. I am 73 but the idea of giving it up is absolutely abhorrent to me. I hope I am still doing it the day I die.

well, i work part time now (outside the house) because of health issues and i find that i have to keep busy because i get bored on my days off so i have pretty much started my own craft business. i make cards, gift tags and all sorts of stuff like that and i think i will keep on doing this til the end because its something i really like to do.

To be honest, I am a little frightened by even the thought of it. I don't have any savings nor do I see it happening anytime in the near future. I don't live it up but I just get by keeping up with the bills and paying the rent. I live pretty frugal really but being a single mom and getting no child support....well...any savings don't stay saved for very long. I don't plan on retiring until I drop. So what about you? Tell us your story, dawn!

I've been home 5yrs and I want to drop being home! I"m antsy to get back to work full time. THese 4 boring walls are killing me & I need a lil "me" time even if it's at a job. So I work pt. There's no saving anything right now, keeping the bills paid & everyone fed it sthe goal. I wish my excuse was that we were "living it up"

I had some horrible bosses while working and some horrible jobs as a result and as a result of that m y attitude was not so great deep down. I always envied people who didn't have to work. I also stocked up on books, fabrics and craft things to keep me busy in retirement. Four years ago, at 53, I was only working about 10 hours a week but I was fortunate in that my living expenses were very low. I was also on a benefit for low income earners. My dear aunt passed away and left me some money. After checking that I could move to a remote area and still get my benefit, I bought my lovely home which because it's so far from anything was very affordable. I own my home and I'm basically retired. I am a volunteer driver and I have a great life. I don't miss the bright city lights because I prefer to live in the bush. I'm currently wishing and hoping and dreaming about a home near the sea....you never know..

well, I retired in 05 and spent a year just hanging around the house and LOVING it - but I had to start working again because I'm too young to get SSI

pft..what savings? with our utility bills lately,it just isn't possible. nah,i fully expect to work til i die,but i'd probably be bored anyway if all i had to do was sit and watch tv like mom does.

My mom has always advised me. If I have a dollar, to spend $0.20 and save $0.80, and that same mindset goes the same for $10, $1000, $10,000 and etc. I think if I can follow this method, my retirement will be just fine. And I might be able to go on the 30-day cruise I've always dreamed of too.

I am not too shy to talk about it, I am afraid! I haven’t been able to make any real provisions for our retirement. I write freelance from home now so, as you can imagine, I have no ‘real’ income to speak of! My husband works full time and has a superannuation fund with a little in it; I have one that will be just enough to buy me a new car by the time I reach 56 when I can get to it. The plan is to at least have our house paid off. As far as doing what I’m doing; I love it and I am happy to keep on doing it forever…I wonder if I’ll still be here when I’m 90?

I hope to go back to home care when the children get alot older as that is the one job i loved to do.I am not that interested in anything else as i know that even though the pay is not that great i do like the job.I am going to ensure that all the children have grown up and moved out before i start to try to live my life again as that way i know i have a lesser chance of my plans getting ruined.

Retirement is just a dream for me....I will work until I drop. Then they will prop me up next to the med cart and hope that the meds still get passed.

Hi dawnald, I think everybody should plan for retirement. After reaching an age we should ourselves move out. Why I feel this is, it becomes difficult to understand new things. We develop an ego based on our experience, and so we are unable to accept new things or the success of younger ones as easily as we should, even though in our hearts we know that the truth. I also think there are ample jobs like the online jobs, in which ego hassles do not arise, feeling of ill treatment as an elderly does not arise. I think elderly (we will be that) should look to such things. As long as there is no resentment against them, they may continue to be in employment. Whether u retire or not, one should always look for what one enjoys rather than hang on in some place for monies. In the case of old man from Asia, he needs the money. He did not plan well. Its sad. U r right there should be something for such people to fall back on. After all it is their hard work that laid the foundation.

I will never be able to retire. I am certain of that. I would get into way too much trouble. I am wanting to transition to home based business, within the next six years. I will always feel a great need to make money, due to various historic deprivations. Plus, it is a control issue.

If I can retire financially secure I will retire at the soonest available opportunity, but as it looks, I'm a long way from retiring...

I stay at home with my 3 year old right now and I clean a few houses on the side for some extra money. It's going to be a good while before I reach retirement age. I'm not really thinking about what I'm going to be doing then. I might still clean some houses cause it gives you extra money within a few hours time and it's isn't that hard to do unless someone is a complete slob. I probably won't be a stay at home mom because by then my child will probably be out of the home. lol But if he has children I might help him out by taking care of them some so maybe I'll be a stay at home grandma. lol I don't really know what I'll want to do when I get retirement age because I really don't think that far in advance.

Four years ago i had a stroke & along w/other medical problems i had to quit work. Take it from me you young folks better be putting back for a rainy day. u never know when it is going to hit & your age has nothing to do w/trouble happening to u.

This is what I am worry about. hmm, I want to save as much as I can, but I ended up spend more than what I should. I should have plan, but until now I don't have a good plan for my future financial used and yet I kep on wasting money on unnecessary things. Ohhh, how I wish I could change my habit to be a good spender instead of kept wasting my money. A good discussion, but as I don't have a proper plan yet, I don't know how to answer. But I think I want to work even after my retirement age, doing life a little farming or some teaching. I do not want to be idle, it such a waste.

I would really love to travel around photographing EVERYTHING! Needs money to do it though...hopefully myLot can fund my retirement eventually :D