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  1. #1
    Join Date
    Feb 2005
    Location
    Concord, MA
    Posts
    13,394
    When I was a teacher, I experienced the same issues as Veronica. However, my last 4 years in AZ I participated in a merit pay program, and eventually became a teacher leader in it. It added about an extra 10K a year to my salary, at a time we really needed it. Yes, I had to produce a portfolio, but I had the evidence. When I moved here, I became a National Board certified teacher, which was almost as hard as passing my licensing exam to become a therapist. The state paid me 50K over 10 years for achieving this. This paid for my older son's college education. I also became a mentor. I never passed up any opportunity for professional development, was involved in a Spencer Foundation Grant about teaching writing, and several other things. I started the process to become a principal, but by that time, I realized I didn't really want that crap to deal with, and I was making about 70K a year, which is about the starting salary for principals, unless you get a job in a prestigious district right outside of Boston. Since I did not go to an Ivy League school, that was not going to happen. When my younger son joined the military, I lost the need to continue teaching for a few more years. We had been living on DH's salary for quite a while and using mine to pay for college and save. If I had not moved out of state after 13 years of teaching, and withdrawn my contribution to the pension (which we needed to buy a house in MA), I could have retired with my full pension, as I had been working for 30+ years. I also could have "bought back" the years, by paying the commonwealth 13K, but, I didn't. I pulled my $ out of the MA retirement system and reinvested it in the stock market. I've more than doubled it since 2007, and it's helped get us to our goal. Yet, it took me a long time to get used to no income/low income, even with a spouse who works at a good job. Money is power. I always used to keep the fact that on my salary, I could have done OK without a spouse. And I don't like thinking about what i would be making now, if I had stayed teaching. The thing is, I wasn't burned out; I thought I wanted to play, and what I found was I didn't know anyone as young as I was who wasn't working, and I felt like I had no meaning in my life.
    I really love my job and I love the flexible schedule even more. I even loved going to grad school for 3 years. If I had done this 10 years earlier, I would definitely open my own practice, but I have no stomach for the business end of that now. My DH is 3 years younger than me, and is probably going to work 7 more years, to maximize our retirement income. We do plenty of fun things already, so no complaints here. My dad worked until about 2 years ago, up until age 87. My grandfather was 91 when he died, and had a very successful career as a scrap metal dealer right up until the day he died. His colleagues kept asking him when he was going to quit, so they could get his clients. He didn't even start to make a lot of $ until he was past age 65.
    2015 Trek Silque SSL
    Specialized Oura

    2011 Guru Praemio
    Specialized Oura
    2017 Specialized Ariel Sport

  2. #2
    Join Date
    Nov 2007
    Location
    Western Canada-prairies, mountain & ocean
    Posts
    6,984
    I like my job where I am so far....I say so far, because the game-changer would be organizational changes/change in leadership ranks later, if/whenever that happens. I always thought I would like to complete my full-time career by working in the final decade or so, in the non-profit sector/govn't and so that's where I am now. I've had my experience in several private firms --medium, national and global firms which I'm really grateful to provide more intelligent internal consultation when working in govn't. (I have also worked previously in govn't, for 2 other provincial jurisdictions.) So things have worked out well, experience wise and learning opportunities. I've worked in my career after university for the last 31 yrs. I've been unemployed twice --lst time 3 months, 2nd time 18 months. I prefer to work while still under 65, at a job I enjoy. I wish I could retire early but have never worked for an employer long enough to build up sizable employer backed pension. However I don't regret learning so much after working for a diverse set of employers and across different industry sectors.

    My partner retired (early) over a decade ago and yes, I can see up close what it means to dive into passions and offer up some expertise....as well, as also go on long cycle touring rides solo (he does, but I don't quite see myself comfortable doing many consecutive weeks of solo bike touring...maybe several days for a trip).

    In response to Crankin, who indicated that retirement volunteer work might feel like slave labour. I know what you mean but for non-profit organizations that have no budget and are just coalescing as an entity, this is an area of greatest need. This is the capacity my partner has worked. Right now, he is riding high...he loves facilitating groups on organizational visioning, business planning and understanding market needs. Right now he is building momentum at the grass-roots level on marketing of British Columbia as a cycle touring destination . So it means meeting businesses, govn't authorities, etc. and yes, getting funding for some pilot projects.

    He is also providing business advice to his son on establishing his sandwich, butcher shop...which means hours of advice to son on contract analysis/negotiation and financial modelling. Dearie is also handling all the book-keeping to help son save service fees. His son is VERY lucky to get this level of business (MBA-backed) expertise from father for free. For the first time, his son finally realizes what his father did in part of his paid career! (Bring kid to work day, doesn't educate a kid much, if parent's job is primarily intellectual and lots of writing, meeting people, etc.) I think dearie is addicted..he loves looking at the daily sales on e-commerce site when son's shop closes. Dearie rides his bike on errands to pick up supplies for his son's shop, loves being at the farmers' market stall for his son's business, etc. This year, he was unable to do lengthy cycle tours because of his volunteer commitments.

    So yea, certainly giving expertise to a loved one to jump start the next generation....can be satisfying "volunteer" work.

    What do I desire to do when I retire? I know partially already, because some of it I do already, but can't do it a lot due to full-time job: cycling, art, blogging. I haven't figured out volunteer work and am not concerned right now. I've done volunteer work for organizations for 5 years stretches each in race relations+immigrant matters & cycling.

    I hope to work only up to 65 yrs.full time. If an interesting part-time and temporarily job that's not stressful, comes up...great. If not, I'm not banking on it. So finances have to be figured out properly now..

    Note: The cycling advocacy world tends to attract well-intentioned, passionate folks ... some who may lack business strategic planning and consistent business execution on plans. This is where expertise and real work in the non-profit organizations with no budget (except for membership-based budget) may be needed the most.
    Last edited by shootingstar; 10-20-2014 at 05:08 PM.
    My Personal blog on cycling & other favourite passions.
    遙知馬力日久見人心 Over a long distance, you learn about the strength of your horse; over a long period of time, you get to know what’s in a person’s heart.

  3. #3
    Join Date
    Jul 2003
    Location
    Traveling Nomad
    Posts
    6,763
    I am so so so happy that I was able to retire at age 50. Had also worked since age 15 (12 if you count paid babysitting jobs!) and was just so read to get out of the commuting traffic grind, always doing what someone else wanted me to do (rather than what I wanted to do), constantly shifting and changing priorities, and adapting to ever-faster-changing technology (I too was a software developer). I loved MOST of the people I worked with but had been very tired of the general work environment, low morale, more work with fewer people, constant fear of layoffs and seeing so many good people and friends get the ax for over a decade before I was finally able to say "Buh-bye".

    I miss some of my co-workers (though most of them are no longer "there" either), but have never missed the politics, meetings, commuting/traffic, and other junk that went with my role. I know I'm fortunate and am very grateful that I am financially able to do this. We never were able to have children and because of that, and investing as much as humanly possible in the early years, DH and I are able to have a comfortable (though not lavish) early retired lifestyle, travel, and do what we want to do, not what someone else decides we should be doing. We are truly blessed.
    Emily

    2011 Jamis Dakar XC "Toto" - Selle Italia Ldy Gel Flow
    2007 Trek Pilot 5.0 WSD "Gloria" - Selle Italia Diva Gel Flow
    2004 Bike Friday Petite Pocket Crusoe - Selle Italia Diva Gel Flow

  4. #4
    Join Date
    Jun 2002
    Location
    Mrs. KnottedYet
    Posts
    9,152
    I've worked full time since about '76 and with da' phone company since '95. I lost all seniority when I moved to Seattle and took a deep cut in pay. But on January 22 2018 I should get all my seniority back that is if I can stand the micromanagement, rule bound, negativity, extremely unhealthy sedentary job till then.

    At that time I'll be eligible for a full pension and may say see ya later. I'd love to do something else.
    Fancy Schmancy Custom Road bike ~ Mondonico Futura Legero
    Found on side of the road bike ~ Motobecane Mixte
    Gravel bike ~ Salsa Vaya
    Favorite bike ~ Soma Buena Vista mixte
    Folder ~ Brompton
    N+1 ~ My seat on the Rover recumbent tandem
    https://www.instagram.com/pugsley_adventuredog/

  5. #5
    Join Date
    Feb 2005
    Location
    Concord, MA
    Posts
    13,394
    Shooting Star, I have done a lot of volunteer work with non-profits. I absolutely loved being on the board of the JCC in Tempe, AZ. I ran a few large events, in addition to teaching fitness classes (paid) there, while my kids went to preschool. Then, when I moved here, I threw myself into volunteering at my synagogue. Bleh. After the 1 millionth discussion of what we should serve at an event and dealing with people who had no clue, I stopped cold turkey... I even quit being president of the school board for religious school in the middle of the year as it was upsetting me so much.
    My volunteering now consists of leading rides for the AMC and presenting at the Bike Workshop every spring. I really enjoy this, but I have cut down on the number of rides I lead. When it starts to feel like a job, it's too much. I wouldn't be adverse to doing different types of volunteering for them as I cut down my work even more.
    2015 Trek Silque SSL
    Specialized Oura

    2011 Guru Praemio
    Specialized Oura
    2017 Specialized Ariel Sport

  6. #6
    Join Date
    Jul 2005
    Location
    Illinois
    Posts
    3,853
    Trek - I suggested to my honey this morning that when her telecommuting contract is done (1-2 years from May 2015), we should load up a van and hit the road for six months to a year. We would be existing on our tiny little pensions, but what an adventure; she was thrilled with the idea!

    Electra Townie 7D

  7. #7
    Join Date
    May 2012
    Location
    central NY
    Posts
    404
    I've been lucky that I've had a great (most of the time) job for 25 years. But I am tired. And so I'll be retiring next week and heading off to Norway for a short trip! I'm not quite 50. I plan to take time off to myself and then figure out what I want to do. I can't see sitting around doing nothing, so I hope to work or volunteer a couple of day a week, explore new hobbies, and since winter's approaching, maybe get some of those projects done around the house.
    I've worked shifts and weekends for my entire career and feel I've missed out on a lot. Time to start living.

  8. #8
    Join Date
    Jun 2002
    Location
    Mrs. KnottedYet
    Posts
    9,152
    Quote Originally Posted by Pax View Post
    Trek - I suggested to my honey this morning that when her telecommuting contract is done (1-2 years from May 2015), we should load up a van and hit the road for six months to a year. We would be existing on our tiny little pensions, but what an adventure; she was thrilled with the idea!
    Good idea. I've made an appointment with a financial planner to see if I can retire from Ma Bell in 2018. Would like to keep working till I'm 67 but do something, most anything low stress. Knott's younger than I am so will have to work longer. At 67 I'd have pension, social security if it still is there (probably will be) a little invested and should be good. I'd get higher social security if I can wait to take it till then. So I may have a few years with pension and some manner of part time work till at full retirement it's pension and ss.
    Fancy Schmancy Custom Road bike ~ Mondonico Futura Legero
    Found on side of the road bike ~ Motobecane Mixte
    Gravel bike ~ Salsa Vaya
    Favorite bike ~ Soma Buena Vista mixte
    Folder ~ Brompton
    N+1 ~ My seat on the Rover recumbent tandem
    https://www.instagram.com/pugsley_adventuredog/

 

 

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