header pic

Perhaps the BEST B1G Forum anywhere, here at College Football Fan Site, CFB51!!!

The 'Old' CFN/Scout Crowd- Enjoy Civil discussion, game analytics, in depth player and coaching 'takes' and discussing topics surrounding the game. You can even have your own free board, all you have to do is ask!!!

Anyone is welcomed and encouraged to join our FREE site and to take part in our community- a community with you- the user, the fan, -and the person- will be protected from intrusive actions and with a clean place to interact.


Author

Topic: Retirement / What am I working for?

 (Read 66403 times)

Riffraft

  • Starter
  • *****
  • Default Avatar
  • Posts: 1732
  • Liked:
Re: Retirement / What am I working for?
« Reply #434 on: May 02, 2025, 10:57:30 AM »
yup, I see many 70 somethings on the golf course - not many 80 somethings
You don't golf in phoenix do you

847badgerfan

  • Administrator
  • Hall of Fame
  • *****
  • Posts: 34347
  • Liked:
Re: Retirement / What am I working for?
« Reply #435 on: May 02, 2025, 11:24:53 AM »
Or Florida.
U RAH RAH! WIS CON SIN!

FearlessF

  • Hall of Fame
  • *****
  • Posts: 51087
  • Liked:
Re: Retirement / What am I working for?
« Reply #436 on: May 02, 2025, 12:48:00 PM »
Only in the winter
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

CatsbyAZ

  • All Star
  • ******
  • Posts: 3434
  • Liked:
Re: Retirement / What am I working for?
« Reply #437 on: May 08, 2025, 11:05:57 AM »
...my Dad is well into his seventies and still working.

For your Dad...Sounds from your description like he's got plenty that would keep him busy, and he'd probably thrive...

My Dad still keeps in touch with fellow classmates he graduated college with; this month they are informally celebrating their FIFTIETH class reunion. Informally, because with everybody spread across the continent and getting older and less inclined to travel, their reunion is more of an online gathering. Though not all will log-in/call-in, online is how they keep each other updated. Nearly all are no longer working and are fully retired.

My Dad told me – in his graduating class of 46 (in his major), only three are known to have passed away. Only THREE in a group of men all in their Seventies! Surprised, I told my Dad that this rate of longevity simply won’t be the case with my peers and more generally for my generation.

Age 35 is when I noticed too many of my past classmates start passing. For about the past half-decade, those I grew up with through grade school have passed away at a rate of about 2 to 3 per year.

Obituaries shared across social media never mention a cause of death. But further googling of their names might turn up a highway patrol report detailing a fatal car crash or a fundraising campaign to fight a terminal illness. When no reason surfaces, it’s safe to assume a reason unfit for print. Namely suicide or especially drug overdoses which, for several deceased, I was able to confirm with others.

All sad stuff, but it got me thinking – in the context of history, I’m guessing a steady rate of several peer deaths/yr through your 30s & 40s isn’t out of line with history’s general life expectancy rates? And more notably when recent history’s post-WWII steady rise of life expectancy is removed from overall stats? (The post-WWII increase in life expectancy began reversing across the First World in 2019.)

Taking this all back to retirement, discussions of retirement mostly center around finances (and golf). But as I steadily find out the passing of more classmates that I spent a few years of my childhood with – in school, little league, scouts, church youth group – I would say that long term friendships maintained after so many decades are one of the more overlooked, valuable sources of strengths you can have going into retirement. Even if by now they’re mostly casual friends, connected by only Christmas cards and occasional facebook interactions, I would advise retirement as a worthwhile time to gauge who from your past might be more intentionally connected with to relive the past and brag about the grandkids.

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 88097
  • Oracle of Piedmont Park
  • Liked:
Re: Retirement / What am I working for?
« Reply #438 on: May 08, 2025, 11:10:40 AM »
Much of the increase in life expectancy is fewer deaths in the 0-5 range where it has the most impact.  Older folks back then lived to ripe old ages because they were immune to nearly everything.  And they usually were not obese of course.  A US 70 year old male has a life expectance of nearly 14 years.  At 80, it's 88.  At 90, it's 94.  My guess is this hasn't changed that much since 1920.

Actuarial Life Table

Gigem

  • All Star
  • ******
  • Posts: 4574
  • Liked:
Re: Retirement / What am I working for?
« Reply #439 on: December 04, 2025, 07:54:02 AM »
50.  

FearlessF

  • Hall of Fame
  • *****
  • Posts: 51087
  • Liked:
Re: Retirement / What am I working for?
« Reply #440 on: December 04, 2025, 08:48:25 AM »
I'm working for a hobby and social activity
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

MikeDeTiger

  • Team Captain
  • *******
  • Posts: 5569
  • Liked:
Re: Retirement / What am I working for?
« Reply #441 on: December 04, 2025, 10:56:32 AM »
My dad just turned 77 this week, has been retired from his "real" job for like 15 years now, but he took a job driving a school bus some years ago because he likes having something to do, but which doesn't take up his entire day.  

I asked him how old he could get before they don't let him drive a school bus anymore.  He said he doesn't think they have an age cap, but rather health evaluations and some kind of tests to evaluate their ability to drive.  When he finally fails that--or just gives it up--I think I'll be sad about that, because it will point directly to him going downhill.  

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 88097
  • Oracle of Piedmont Park
  • Liked:
Re: Retirement / What am I working for?
« Reply #442 on: December 04, 2025, 11:04:01 AM »
Being retired is good, in my view.  I mostly do what I feel like doing (other than getting corraled into going to meetings at times).  Our building had its annual HOA meeting last night.  My wife went, I put down a foot and stayed home.  The meeting was uneventful, as in, I could read a one page summary in a minute and be done.  Our fees are going up, as usual.  She said the usual folks whined about some minor issue.  NO meetings for me.

I worked 30+ years in a job I came to loathe, but stuck with it, which pays out now, literally.  I did have a few years in there I enjoyed and was challenged with nonincompetent management.

I'm writing another book about the silliness of it all.

Gigem

  • All Star
  • ******
  • Posts: 4574
  • Liked:
Re: Retirement / What am I working for?
« Reply #443 on: December 04, 2025, 11:13:56 AM »
Well when I started this post 50 seemed like a long way to go but time really does fly.  I'm glad I kept my "day job" because I'm not quite there yet with my business to be able to leave just yet.  Late summer, things were rolling and we were in the best shape financially we were ever in, I really felt like we turned a corner, and then about the end of October the bottom fell out and our work in November flatlined and now I'm having to cut everyone's hours and I'm not quite sure how I'm going to pay all the bills.  

I misjudged a couple of jobs and I should have been priced a little more competitively but it's hard to take a hair cut like that when you're getting the price you need for several months.  I've been in this boat before with seasonal slow-downs and I swore that I wouldn't be caught like this again but here we are.  

MikeDeTiger

  • Team Captain
  • *******
  • Posts: 5569
  • Liked:
Re: Retirement / What am I working for?
« Reply #444 on: December 04, 2025, 12:40:41 PM »
One thing I struggle with is knowing how much money you actually need in retirement.  I can do all the math and figure out what we're on track for, when, and how much do we/can we change things to adjust our future situation, and act accordingly.  

What's hard for me to gauge is not how much we will have, but what kind of lifestyle does that mean in the future.  I can calculate an average 3% annual inflation easy enough, but that still leaves the main question.....I don't really know what we're going to need/want to spend $ on when we're older.  I heard one CFP say that people spend on average 0.5% less each year they're retired, as aging people increasingly want less and want to do less.  But 0.5% less of what, I wonder.  I guess we won't have a house note.  That's something.  If we stay in Texas then giant property taxes will hound us forever, even once the mortgage dies.  Seems like we'll need cars until we're way old, so that doesn't change much.  Actually, it seems like quite a bit of the stuff we spend money on now we'd want to continue in retirement.  That much money from investments, SS and pension (if I stay here) is probably a bit out of reach.  Can't really make enough adjustments now to hit that by 67, I don't think.  

betarhoalphadelta

  • Global Moderator
  • Hall of Fame
  • *****
  • Posts: 15917
  • Liked:
Re: Retirement / What am I working for?
« Reply #445 on: December 04, 2025, 01:24:11 PM »
Yeah, I hear you. My goal is just "make sure I accumulate as much as I can" lol...

But then there are other confounding things... If you're not driving to an office multiple times a week if not daily, your cars will accumulate miles less quickly and use less gas [or electrons]. Which means they'll last longer with lower annual operating expenses. If you're not buying work attire [to the extent people still need it; I can get by with jeans and a polo 99% of the time which isn't expensive and doesn't require dry cleaning], you can save a lot of money. My wife in her office simply went from wearing "work attire" to wearing scrubs, and that made a significant dent in her clothing budget by not requiring dry cleaning... In retirement it's even easier. 

But like anyone else, I don't want to retire just to sit at home and do nothing. So trying to figure out what my post-retirement budget and lifestyle will look like is an important question. 

FearlessF

  • Hall of Fame
  • *****
  • Posts: 51087
  • Liked:
Re: Retirement / What am I working for?
« Reply #446 on: December 04, 2025, 01:26:43 PM »
ask Cincy

he has experience
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

MikeDeTiger

  • Team Captain
  • *******
  • Posts: 5569
  • Liked:
Re: Retirement / What am I working for?
« Reply #447 on: December 04, 2025, 01:34:50 PM »
Cincy's all fancy.  Travels around Europe and goes to wine-tastings and stuff like that.  

That ain't gonna be me in retirement.  

 

Support the Site!
Purchase of every item listed here DIRECTLY supports the site.