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Showing posts with the label Working

What's YOUR Reason?

Your reason to get out of bed in the morning. Other than having to go to the bathroom, I mean. The Z-Man brings up the question of how society will handle all of the unemployed people in the future. He sees this situation as potentially disorienting for the society, as well as disturbing and depressing for the individuals. I haven't thought of myself as unemployed. I've thought of myself as commencing the next chapter of my life. For me, the idea of having the time to write was exciting. It didn't concern me with thoughts of - However will I fill that time? Others have different perspectives on retirement. My husband has made, and postponed, retirement plans for several years. Recently, he acknowledged that he thinks of working at an outside as something he will always do, at least on a part-time basis. Recently, he has been urging me to think about moving closer to family back in OH or PA. I'm not totally against the idea, but would hate to leave a more agre...

Budgeting for Retirement

My Father's decision to retire early My father had received a diagnosis of pancreatic cancer from his doctor, when he was 60. He was naturally quite flummoxed, and wondered what to do. He returned to work after the news, and made a list of his expenses, his current income, and his income as it would be if he retired. He also noted which expenses would drop if he did retire early, such as commuting expenses, lunches out, and clothing purchases/dry cleaning. He found that he would LOSE money if he continued working. He turned in his forms that day. Was it a good choice? Well, he lived another 16 years, and was able to pursue his hobbies, spend time with his family, and enjoy the freedom of not having to answer to others. I'm not that lucky. I've generally earned more in the last 10 years, and will stand to lose some income as a result of my decision to retire. That's even after factoring in reduced expenses. For me, it's worth it, for the freedom it gives me t...