Going to do soft retirement when Lil Taz gets done with high school in 7 years Archived Message Posted by Taz on May 14, 2025, 8:20:01, in reply to "How many years away from retirement are you?" Meaning I'll still work, but going to switch to something remote and less stressful and we'll just travel around. Previous Message Yes, I think about this way too often. Message Thread: | This response ↓ How many years away from retirement are you? - Carl Spackler May 14, 2025, 7:28:01 [poll] In 5 years, we’ll have close to 45 retirees on this board* - Carl Spackler May 15, 2025, 16:45:13 if they’re still allve* - bbonb May 15, 2025, 18:08:09 8 years. I’ll be 62 with 25 years and a pension * - PapaDels May 14, 2025, 21:32:28 We will be two pension family, which is priceless - Chilango May 15, 2025, 8:34:43 Between my pension and SS, I save $1000 a month on average - Stu May 15, 2025, 16:21:59 Stu, do you have any kids? - TarheelIllini May 15, 2025, 17:16:08 Ha ha. I have two, and other than my income am pretty poor. - Stu May 15, 2025, 17:23:36 Sounds like my aunt/uncle. ~40 year teacher, ~40 year USPS mailman, permanent partial disability - gvibes May 15, 2025, 8:49:31 My wife and I both will have pensions.....yes it is awesome* - Tbag May 15, 2025, 8:35:35 same. although she's a teacher so it won't be huge* - lcubed May 15, 2025, 15:54:48 My dad lived quite nicely of of my moms Chicago public teachers union pension - TarheelIllini May 15, 2025, 17:18:25 5 kids and married to a redhead - NastyBoyd May 14, 2025, 20:13:35 220...221...whatever it takes. - KingTalkyTiki May 14, 2025, 20:03:10 I’d love to be done at 60 but 65 seems more likely - illini May 14, 2025, 19:23:14 fling for partial disability? I like your thinking* - bbonb May 14, 2025, 19:28:40 Retirees sidejack: do you still wake up at the same time as when you worked? - bbonb May 14, 2025, 18:50:20 maybe sleep in an extra hour but still get early tee times* - John Coctostan May 15, 2025, 8:43:08 You’re retired? I wouldn’t have pegged that.* - Carl Spackler May 15, 2025, 16:43:35 Ha no of course not. Read the question as what will you do, not what do you do* - John Coctostan May 15, 2025, 19:59:51 I got up at 5:30 the last 25 years of work. After 6 years of retirement, I typically get up...... - MtHoodIllini May 14, 2025, 21:29:58 I wake up at 5am, ready to tear up the world* - Stu May 14, 2025, 20:07:23 My dad went from waking up at 530am everyday to 10am literally overnight - timmer May 14, 2025, 19:04:51 impressive, but not a golfer I assume* - bbonb May 14, 2025, 19:12:24 No clue* - timmer May 14, 2025, 16:57:39 We know, but answer the question* - Stu May 14, 2025, 17:30:46 Ok - timmer May 14, 2025, 18:08:19 Gotta have a plan. When you retire you expire.* - Toonces May 14, 2025, 18:39:47 My plan is to retire in Europe - timmer May 14, 2025, 19:03:37 Or BILLA* - TarheelIllini May 14, 2025, 20:13:47 I chuckled* - DocWalk20 May 14, 2025, 17:53:40 10 to 15. Just depends on how things play out. * - harb May 14, 2025, 16:35:57 In 17 years I hit "Rule of 88" can get a max pension at 57 - ijustkrushalot May 14, 2025, 16:26:42 5ish. - Illiniphil May 14, 2025, 16:15:51 4 year to 9 years or so, not sure* - Chilango May 14, 2025, 15:36:41 -5 * - jdl May 14, 2025, 13:30:10 8 months and 15 days - Walkon May 14, 2025, 12:48:14 Whoa, nice! Planning any big life changes like moving or anything in that vein?* - Carl Spackler May 14, 2025, 12:49:24 Not yet - Walkon May 14, 2025, 12:54:15 7 more wake ups plus 5 more school years and SCHOOL'S OUT FOR EVER! - OWWDig May 14, 2025, 12:07:38 I am eligible in 4 years (55) and can get pension would love to then (and do something 'fun) - Tbag May 14, 2025, 10:45:43 Dark thought that I regularly have on this topic. - OB25 May 14, 2025, 10:45:08 Sidejack: How long have you been at your current job and is it the one you will retire ? - ibdoc May 14, 2025, 10:39:40 2.5 years. I'd like to think so but I get restless and bored. Will probably try to resist that... - Tuscy May 15, 2025, 16:24:13 25 of 30 yrs at Club Fed. I had assumed this would be my last job but not so sure anymore.* - Tortillini May 15, 2025, 15:51:41 2.5 years. Maybe but probably not. I think I have one more move in me.* - ATL May 15, 2025, 8:24:12 24 years and yes.* - LovetheChief May 15, 2025, 8:16:44 18 years and yes, most likely * - Jersey May 15, 2025, 7:56:03 Since 03-Jan-2000 and probably* - timmer May 14, 2025, 18:23:19 21 yrs in July. Been a partner since 2009. Absolutely will retire from here* - Ron McDon May 14, 2025, 18:15:48 9 years, 8 months. Probably not.* - DocWalk20 May 14, 2025, 17:55:10 9 years 8 months. Probably. Unless I decide to “retire” from it and pick something else in the event - harb May 14, 2025, 16:35:15 13 years, 8 months. Maaaaaybe? I dunno. * - ijustkrushalot May 14, 2025, 16:25:07 34 years in August. Unless someone parks a Brinks truck in front of my house, yes.* - Illiniphil May 14, 2025, 16:14:48 Five years....and if they'll have me. - KingTalkyTiki May 14, 2025, 14:07:48 12 years and god willing. * - haighter May 14, 2025, 13:59:32 19 years and kinda. - JFG May 14, 2025, 13:52:37 20 years, and probably will unless something changes* - IlliniOllie May 14, 2025, 13:18:31 18 and I hope not* - assassin May 14, 2025, 13:13:33 2 years, and almost 0 chance* - snipes824 May 14, 2025, 13:05:06 24 years at my current job and 34 years in my profession - Walkon May 14, 2025, 12:55:49 Just under a month. Never know, but given my track record, probably not* - Gene Parmesan May 14, 2025, 12:49:29 double post* - Gene Parmesan May 14, 2025, 12:49:25 24 years at this school and will be 29 when I retire.* - OWWDig May 14, 2025, 12:47:07 I've been at opeyco since 2013 and in the industry since 1999 - opey8 May 14, 2025, 12:45:40 Been here 19 years. I plan on leaving at some point before I retire.* - AintHatin May 14, 2025, 11:59:51 Been at UIUC since 1996. Will retire here in 6+ years (age 60), Lord willing. - Kajagoogoo May 14, 2025, 11:36:03 that won't max your pension, will it? is it still around 36-37 years for full pension?* - lcubed May 14, 2025, 11:40:25 I'm a self-managed plan (not traditional). My biggest concern was health coverage after retirement. - Kajagoogoo May 14, 2025, 11:42:08 i'm coming up on year 20 in august. no idea i'd be here this long so i'm portable - lcubed May 14, 2025, 12:03:26 Yeah, it sucks that you're locked into whatever choice you made originally. - Kajagoogoo May 14, 2025, 13:54:58 10 years, and I hope not - DT May 14, 2025, 11:30:22 20 years with my CEO. Odds are it will be my last stop* - uofi1998 May 14, 2025, 11:25:37 2 years. Maybe* - bjl63 May 14, 2025, 11:25:18 26 years - former company was purchased in 2014 and I have continued on* - bulldogmba May 14, 2025, 11:24:17 30 years in September. My career* will probably outlast this company. - EffinIllini May 14, 2025, 11:13:08 Closing on 15 years. Kind of crazy* - gvibes May 14, 2025, 11:05:07 11 years and I have no intention of staying until retirement. If I do, I probably won't live - Taz May 14, 2025, 10:50:47 13 years and some change. Figure I've got 2-5 left before automation takes it* - Sammich May 14, 2025, 10:41:00 Five and a half years the other side of it. - larue33 May 14, 2025, 10:33:23 I don’t know how to answer as I’m drawing retirement this october but still working… - LeatherneckIllini May 14, 2025, 10:10:24 I'm 52 and said 11-15. I honestly have no idea. - EffinIllini May 14, 2025, 10:05:56 53 - I'd say 6-10 but getting married for the 1st time later this year - bulldogmba May 14, 2025, 10:10:55 Not sure. When I can and when I will probably won't align. My wife is 47 and has... - Tuscy May 14, 2025, 9:34:05 *Fist bump for the younger brides* Hoping maybe I can do a partial retirement... - KingTalkyTiki May 14, 2025, 14:09:57 Robbing the cradle!* - HamptonSki May 14, 2025, 11:41:45 I read your post and thought, "Damn, Tuscy is oldballs." - LWillhite May 14, 2025, 9:58:13 We're all getting there! * - Tuscy May 14, 2025, 10:13:43 just turned 45, so 20 or so? - Gene Parmesan May 14, 2025, 9:19:52 Probably 12 or 16 (kids done with HS/college respectively). So 58 or 62? - gvibes May 14, 2025, 8:56:17 Yes. I'm 49. 58 sounds awesome, but we have some incentive plans - GMAW May 14, 2025, 9:11:47 If I am somehow still at this place, it will be very hard to leave* - gvibes May 14, 2025, 9:35:02 At least 18 for this Executive Savings Plan to fully vest* - Dilbert May 14, 2025, 8:52:07 ASAP, hopefully about 12 years from now. Recently a friend from high school had - Warrin'_Illini May 14, 2025, 8:46:27 Cue the Reno 911 lottery scene* - CWR10 May 14, 2025, 8:47:48 I don't know this scene but I can imagine. I remember a few years ago some restaurant in - Warrin'_Illini May 14, 2025, 9:41:08 yep, pretty much that - Sammich May 14, 2025, 9:48:47 Want to reach 60 (3 years), but could now. At 60 my company would place me on their insurance - ibdoc May 14, 2025, 8:45:21 What's that?* - RVA May 14, 2025, 8:37:53 Plan to retire the second the 59.5 penalty goes away. So a shade over 10 years. - uofi1998 May 14, 2025, 8:36:33 Making sure you know you only have to be 55 to start to withdraw penalty free from last employer* - Carl Spackler May 14, 2025, 8:42:08 It's more of a milestone number than a needed one, if that makes any sense. - uofi1998 May 14, 2025, 10:35:29 I started semi retirement in February - TarheelIllini May 14, 2025, 8:24:59 Going to do soft retirement when Lil Taz gets done with high school in 7 years - Taz May 14, 2025, 8:20:01 i could go in 6 when i'm 50 but it's honestly closer to 10-15 because of the age of my kids* - lcubed May 14, 2025, 8:15:14 Why is that in terms of longer time horizon due to kids? - Carl Spackler May 14, 2025, 8:31:16 correct. if i retired in 6 years, i'd still have to put 4 (potentially) through college - lcubed May 14, 2025, 8:38:47 I think of retirement as being free to do whatever you want. If i had a kid in grade/high school - longsnapper May 14, 2025, 8:37:38 You might think so, but I didn’t* - Stu May 14, 2025, 8:50:20 You didn't wait? You retired while kids were still in high school?* - longsnapper May 14, 2025, 9:24:13 College. But I had saved to cover it, so...* - Stu May 14, 2025, 10:30:15 College is different because I would assume that you're daily responsibilities - longsnapper May 14, 2025, 11:33:48 It has a lot to do with this. - CWR10 May 14, 2025, 8:44:13 I think I’m just going to turn into the Muppet chef for the last few years of my kids HS.* - Carl Spackler May 14, 2025, 8:43:07 I’m in this boat. 12 year horizon but have two kids under 5* - CWR10 May 14, 2025, 8:18:08 I’m targeting 65, so 27 years* - snipes824 May 14, 2025, 7:43:16 Lol* - Stu May 14, 2025, 8:20:36 Agreed* - snipes824 May 14, 2025, 8:23:01 8 years from social security start* - JeffFrank May 14, 2025, 7:35:07 You hope. * - doubledown May 14, 2025, 7:41:38 Voted 11-15 which was my default plan - DT May 14, 2025, 7:35:03   Searching