Facing Retirement far too early
June 19, 2017 3:21am CST
With a big bang this morning, my hubby sent me an email with a letter stating that he can go on early retirement as of next month. The package involved is very generous - however WHAT IS HE GOING TO DO WITH HIMSELF? I am in a bit of a state and later I am off to visit some friends that have done this about 2 years ago - just to find out how to bridge WORKING into RETIREMENT at the age of 58 . . . . I just cant get my head around it. Good Morning to all of you - I hope Monday treats you well! Everyone's opinion is welcome!
25 people like this
• Pittsburgh, Pennsylvania
My dad retired at 61 years old and had a good life. He and my mom were inseparable, and he took her everywhere she wanted to go. He retired because he was in constant pain from a stack of tires packed to the ceiling fell on his back at work. Even though he was in pain, he was able to have a decent life.He loved to call his last place of employment to talk to his parts men under him when he worked when it either snowed a ton or was frigid and say he was just sitting down in his kitchen to his second cup of coffee! He was just kidding as he was the most good-natured man I ever met! He even gave a laugh after saying it!
7 people like this
• Pittsburgh, Pennsylvania
@Shiva49 My parents did not go far. He just took her shopping and dinner out most days of the week. At least he did until the last year of his life as he became sick and was not allowed by his doctors to go out in weather that Was either too hot or cold. My mom also sent him the grocery store for food a lot when the weather was right
5 people like this
@Marty1 Good to hear such mutual love between your parents. That is very rare indeed and a hard act to follow. We are now going to nearby countries mostly though we did go to Europe last year. I feel all should enjoy some retired life to smell the roses as working life can be quite demanding - siva
What is your husband's opinion? Does the thought of stopping working make him happy or sad? Do you really need the retirement money? Does he have a hobby occupying much time? Is it possible to find another, maybe lighter, job with fewer work hours at his age? Could he work half-time in his present job?
• South Africa
The retirement package is NOT compulsory but on offer to anyone over 58 so that place can be made for the younger workers climbing the ladder. My hubby loves his job and he is 2 years away from 40 years service. He has no hobbies at all - he just goes fishing every other week-end. His health is good - I am not sure what spurred him on to send me the letter and ask me to check our finances and see if its an option. We are financially GOOD Oh goodness me - I feel so young to be thinking like this
• Manchester, England
I remember a friend of mine saying that everyone had warned him that he would be bored in retirement, yet he soon discovered that he was so preoccupied that he could not understand how he had ever found time to work. When my retirement was due I was told the same, but soon felt the very same way.
@Asylum When I was working it was like in prison as my way was full involvement and issues tend to fall on my lap too. As age caught up I knew this was a sure way to ill health. I know my retired life cannot bring in income like when I worked but I can manage to survive. No one knows how long we can last here, so better to err on the safer side to enjoy some time; if I linger on, so be it! siva
If the package was good I would not hesitate a second to take it. I am doing most of my job at home, I can continue like this during years, but I am thinking at a lot of things more interesting to do. One of my best friends was an army doctor, he retired at 42, and he was never occupied at the army like he is today.
• Beaconsfield, Quebec
My grandmother retired at 60, but she was completely happy with it. Right now, my parents are 61 and 65 and both working. But I think they want to retire in the next 4-5 years. That's their choice. Everyone is different. I think your husband should take time and at least think about it. Everyone is different.
If he had a good proposal it was a great idea to accept. The hardest time will be for you. You have not the habit to have him around all the time. I know that my Grandmother was mad when my Grandfather retired and he was all day at home.
Your husband has to think it well. It is his decision. Maybe he has plans on what he has to do in his spare time. He might get bored without a hobby. I heard some wives here that there were more quarrels at home because the wives felt suffocated from no more space for themselves. The husbands were giving more work to their wives. I think you both should weight the positive and negative side of an early retirement.
I was half- retired working part time for years before the real thing, almost. I started the slow 'descent" at 50 years plus and almost at ground level now. Though money is not a big issue I sometimes feel why not stretch working life a bit. However, I have no regrets as being in the finance and accounts field others tend to unload their rubbish on to me at the last minute. I spend my time busy with household chores that a man is more adept at and helping my wife. Then, of course, on the computer. As my interests are varied time flies - siva
@Inlemay Best of luck. Pursue your passions that remained stifled so far and live the moments like I do now. Frankly, I feel like a free bird but then I was ready to pay the price for a more conservative take on life. Some "friends" were good riddance but then they replaced by more genuine ones! siva
I retired very early because I could. My husband kept working for three years after and he too retired a bit early though not as early as I did. If you are financially able to why not. I enjoyed every minute of mine on my own, now I am enjoying it with the two of us. I always had a small business on the side so for me it was no issue. My husband is very handy so lots of projects around the home.
• Guangzhou, China
Here women are retired at the age of 55 and men will be 60 years old. But it seems that the retirement time will delay for people soon later. I think if the finance is fine, it is really OK to retire earlier. As you are still healthy and you can do many things you like and the time and money is no longer a problem. Your new life will be begun
• South Africa
Personally I would suggest he waits until 60, which is still young enough to start a sideline business /hobby. There are no opportunities here, so even if the package is generous, with our exchange rate and general uncertainty there are no guarantees it will be enough. I would keep working and save save save. I don't mean to sound negative about our beautiful country, however support later on in life may be difficult to obtain. My neighbour retired (age 65), and now at age 75 is working again (as a driver). It's scary
It seems to have come out of nowhere. When was he thinking of retiring before this happened? I agree with you he needs to think about what he is going to do with himself before the day he retires. I can't seem to figure that out so I keep working part time.
• United Kingdom
Don't panic Don't panic. Give your husband some time to think about what he would like to do if he does take early retirement. Lany no one knows what is around the corner for us health wise. He may be fit and well now but a million things could happen. If he wants to retire good on him. If he would rather continue to work then that is his choice. I hear from many of my colleagues who have retired recently or at least in the last few years they don't know how they found the time to work with all the things that they do now! It can be a big readjustment but if he enjoys fishing that is a hobby. I am sure that he could take up many more opportunities. Personally I can not wait to retire. I have so much I want to do. I don't want to wait until I am too old to enjoy it. If I could go tomorrow I would gladly but the NHS have cut our pensions in half. My wife who is retired was two grades lower than me but got out in time. Her pension is double what I will get. So annoying! Just have to make the most of it eh! I would advise him to take it and run! Remember this "Carpe Diem",
• South Africa
I only got to read this today - How it got lost in the mail, who knows Carpe Diem indeed - I have embraced the notion and now I have a few months to sort out our little things so that retirement will be a new kind of freedom (of work and financial burdens) Thanks Gary - we have taken it and we are running