Kawasaki Concours Forum
Mish mash => Open Forum => Topic started by: Conrad on October 31, 2012, 08:41:28 AM
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1 year left baby!
10/31/2013 12/31/2013 will be my last day of work before I retire on 11/1/2013 1/1/2014. ;D 8) :P
I'll be 55 and I'll have worked here for 30 years. That means that I will have reached my maximum pension benefits; 80% of my current salary at retirement with my health insurance paid for and a guaranteed cost of living raise of 3% annually, for the rest of my life! I won't have to pay state taxes any longer, no more paying into my pension fund (8%) no more paying into my 403b (12%).
(http://lornasvoice.files.wordpress.com/2012/01/victory_dance_animated.gif)
edited my retirement date...
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http://zggtr.org/Smileys/default/smiley.gif (http://zggtr.org/Smileys/default/smiley.gif) You keep dancing like that and your going to hurt yourself.
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http://zggtr.org/Smileys/default/smiley.gif (http://zggtr.org/Smileys/default/smiley.gif) You keep dancing like that and your going to hurt yourself.
I'll try to tone it down a bit but I'm just so dang happy!
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Sounds like you have a job with the state. The only down side I see is that you'll be releying on one of the most screwed up states in the union. I gotta admit that I'm a little envious though. Hope you have a long healthy retirement when it gets here.
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Thanks Red! That's mighty nice of you to say. :chugbeer:
Yes, I work for the state. They already tried to screw it up for me, and others of course. I'll have to work a few months longer to reach my 80% because of their 'efforts'. Otherwise I would have retired in May 2013.
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Congrats C! :chugbeer:
I'm jealous... only another 20 to 25 years to go for me I'm guessing... :'(
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Congrats C! :chugbeer:
I'm jealous... only another 20 to 25 years to go for me I'm guessing... :'(
Thanks J! If you had a Silverdammit those years would go by much faster. ;)
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:thumbs:
(12212012)
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Congrats Conrad.
I'm envious.
I'm getting ready myself. Decided to give them a couple more years and see if there is a chance for a Golden handshake.
After that,,,, I'm gone.
Question though.
I went to a seminar and was told to retire "to" something, not From a job.
In my case I have antique cars and bikes that i intend to play with.....
Do you have something special that you are rertiring to?
Ride safe, Ted
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:thumbs:
(12212012)
I'm ready for that too.
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1 year left baby!
10/31/2013 will be my last day of work before I retire on 11/1/2013. ;D 8) :P
I'll be 55 and I'll have worked here for 30 years. That means that I will have reached my maximum pension benefits; 80% of my current salary at retirement with my health insurance paid for and a guaranteed cost of living raise of 3% annually, for the rest of my life! I won't have to pay state taxes any longer, no more paying into my pension fund (8%) no more paying into my 403b (12%). I can't touch my 403b funds till I'm 57.5 but I won't even need it since after you do the math I will actually retire making more money than when I was working.
(http://lornasvoice.files.wordpress.com/2012/01/victory_dance_animated.gif)
You're a woman?
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Congrats Conrad.
I'm envious.
I'm getting ready myself. Decided to give them a couple more years and see if there is a chance for a Golden handshake.
After that,,,, I'm gone.
Question though.
I went to a seminar and was told to retire "to" something, not From a job.
In my case I have antique cars and bikes that i intend to play with.....
Do you have something special that you are rertiring to?
Ride safe, Ted
Thanks!
Oh yeah! I have LOTS of stuff planed. Wood working, goofing off, wood carving, riding my bike more, donating my time to local causes, riding my bike, and I'll be a house husband till my wife gets to join me in retirement. And what ever else strikes my fancy. Maybe I'll even get time to clean out my garage. ;)
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You're a woman?
No you nut! Elaine is happy for me too and she dances better than I do so...
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Oh...my bad. ::)
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4/23/15 for me, I'll be 54 y/o. 60% of my best 3 years, because of city silliness, my pension was set 5 years ago. I'll have to pay for all the other things though, retirees in Ohio don't get those breaks, it's not like we did anything important, we're overpaid to begin with according to our esteemed Guv and mayor. Local city Gov't for me, fire dept. Marking off the short timer calendar like me?
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You're a woman? :rotflmao:
You knew it was coming, though.
Congrats Conrad. I've got 10 more to go and have 33 yrs in :nuts: But if the government has its way add another 12 to that. I want their job, can screw the country over and retire full pension, plus can work with no reprecussions to my pension. :o :shoot:
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Snip...
Marking off the short timer calendar like me?
I just started today. :)
I've been asked if I will come back to work as a 'consultant' after I retire. If I did this I'd be doing the same job that I'm doing now, for the same hourly wage on top of my pension amount. The only limitation is that I'd only be allowed to work 4 days a week. Oh that's rough.
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You're a woman? :rotflmao:
You knew it was coming, though.
Congrats Conrad. I've got 10 more to go and have 33 yrs in :nuts: But if the government has its way add another 12 to that. I want their job, can screw the country over and retire full pension, plus can work with no reprecussions to my pension. :o :shoot:
Thanks for the congrats. I consider myself very lucky to be in this position.
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How does your wife feel about this 'woman' thing you're going through? Sorry, I just can't let this go.
Thanks for the congrats. I consider myself very lucky to be in this position.
Oh, top or bottom?
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Oh, top or bottom?
:rotflmao:
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How does your wife feel about this 'woman' thing you're going through? Sorry, I just can't let this go.
Hush now Robin, what she doesn't know doesn't hurt me.
Oh, top or bottom?
That depends on the day of the week.
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1 year left baby!
10/31/2013 will be my last day of work before I retire on 11/1/2013. ;D 8) :P
I'll be 55 and I'll have worked here for 30 years. That means that I will have reached my maximum pension benefits; 80% of my current salary at retirement with my health insurance paid for and a guaranteed cost of living raise of 3% annually, for the rest of my life! I won't have to pay state taxes any longer, no more paying into my pension fund (8%) no more paying into my 403b (12%). I can't touch my 403b funds till I'm 57.5 but I won't even need it since after you do the math I will actually retire making more money than when I was working.
(http://lornasvoice.files.wordpress.com/2012/01/victory_dance_animated.gif)
Paris Hilton would say "thats hot"^^^^^^^^^^
Congrats on retirement!
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Let us know when you become a two digit midget ;)
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Paris Hilton would say "thats hot"^^^^^^^^^^
Congrats on retirement!
Thanks Steve.
Let us know when you become a two digit midget ;)
I see that you and I are the same age, when you going?
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Word of advice from a friend....you probably should change your subject line. ::)
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Thanks Steve.
I see that you and I are the same age, when you going?
Shoot, not for awhile. I have too much debt right now. At a minimum it will be 13 years from now. To be honest, I don't relish the thought of retiring and sitting around the house so I expect I might be around 70 before I retire, maybe older. I enjoy the work I do and the people I work with plus the intellectual stimulation.
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Yep, me too. I can 'retire' from IBM now but the pension isn't worth it. It more than doubles if I wait until 65 so I'm working at least that long...unlike some people I know. Sigh.
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I'm a little jealous... pretty much!!! 61 years and still waiting for more six till I reach a retirement. That's because I worked for myself for many time and entered to the state 19 years ago. Most of all, my son graduated recently and get a residency program, so, I have to go to the office five-seven.
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Tis the norm these days unless you are Mr. Conrad. Lucky guy. I am jealous as well.
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Congrats Conrad! I've got 6 more years to go, will retire at 65, will be making more on retirement than I am now (fingers crossed on that one!) but will have to pay for our own medical/dental insurance...retiring from the Mining industry in California...
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Shoot, not for awhile. I have too much debt right now. At a minimum it will be 13 years from now. To be honest, I don't relish the thought of retiring and sitting around the house so I expect I might be around 70 before I retire, maybe older. I enjoy the work I do and the people I work with plus the intellectual stimulation.
I like/love the work that I do and (most) of the people that I work with as well. But then I think about the fact that I can bring home more money while retired than working and I realize that I don't like my job THAT much. If I come back to work after retirement as a consultant, so much the better. I may do that till my wife retires in 5 years, or I may not. It all depends on how things go over the next year.
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Word of advice from a friend....you probably should change your subject line. ::)
There are only two people in this world who would care about what you are inferring my friend, and they both know that it's not true. ;)
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Congrats Conrad! I've got 6 more years to go, will retire at 65, will be making more on retirement than I am now (fingers crossed on that one!) but will have to pay for our own medical/dental insurance...retiring from the Mining industry in California...
Thank you sir!
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My son was retired this year at 33 with 37% pay. He retired to a new job in another state with no travel required and mo money.
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There are only two people in this world who would care about what you are inferring my friend, and they both know that it's not true. ;)
:rotflmao: :rotflmao: :rotflmao: I'm so easily amused...
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Cholla, what was the reason for this early retirement?
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Reduction of military forces.
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Congrats Conrad.
I'm envious.
I'm getting ready myself. Decided to give them a couple more years and see if there is a chance for a Golden handshake.
After that,,,, I'm gone.
Question though.
I went to a seminar and was told to retire "to" something, not From a job.
In my case I have antique cars and bikes that i intend to play with.....
Do you have something special that you are rertiring to?
Ride safe, Ted
Ted, I know you posted this a year ago, but I just saw it.
I retired just under three years ago, and was concerned that I might get bored and would have to look for something to do. Today, I find that I have less time than when I was working, but at least I am having a blast doing it. I do travel a lot, but I also ride with other retired friends. Secret to riding when retired,,,,it is a lot better riding during the week than the weekend.
I also tinker with the bikes a bunch. Mostly repairing what I screwed up when I was tinkering.
Best decision I ever made was retiring.
Fred
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Ted, I know you posted this a year ago, but I just saw it.
I retired just under three years ago, and was concerned that I might get bored and would have to look for something to do. Today, I find that I have less time than when I was working, but at least I am having a blast doing it. I do travel a lot, but I also ride with other retired friends. Secret to riding when retired,,,,it is a lot better riding during the week than the weekend.
I also tinker with the bikes a bunch. Mostly repairing what I screwed up when I was tinkering.
Best decision I ever made was retiring.
Fred
He posted that two days ago.
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He posted that two days ago.
OOps, see what happens when your retired,,, I forgot what year it was. ;D
Fred
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Conrad, I'm envious. What kind of job do you have that gives a pension of 80% of your salary?
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OOps, see what happens when your retired,,, I forgot what year it was. ;D
Fred
;D ;D ;D :chugbeer:
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OOps, see what happens when your retired,,, I forgot what year it was. ;D
Fred
When I'm on a vacation and having a good time I forget what day of the week it is. I can't wait to be retired and forget what year it is like you! ;D
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Conrad, I'm envious. What kind of job do you have that gives a pension of 80% of your salary?
Civil service, I work for the state. We don't pay Social Security; instead we pay into the state's retirement fund. I did pay into SS before I started this job and I am vested with SS. I may even get a lil money from SS on top of my pension, maybe $100/month.
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Good luck in this state C, seriously. I hope you get what's due.
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Good luck in this state C, seriously. I hope you get what's due.
Thanks G. I have my fingers and eyes crossed. :o
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Word of advice from a friend....you probably should change your subject line. ::)
(http://i1200.photobucket.com/albums/bb336/jaywilcox/saldkjlaksd900.png)
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Jay, you really shouldn't have posted Conrad's picture. In the future, please check with said member before posting their picture. ::)
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Jay, you really shouldn't have posted Conrad's picture. In the future, please check with said member before posting their picture. ::)
:rotflmao:
Only problem is I think me and C are about the same height, so it's pretty much a pic of me looking in the mirror... (http://i1200.photobucket.com/albums/bb336/jaywilcox/swiqe.gif)
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:)
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At least we have more hair than some folks around here...
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Yar.
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Civil service, I work for the state. We don't pay Social Security; instead we pay into the state's retirement fund. I did pay into SS before I started this job and I am vested with SS. I may even get a lil money from SS on top of my pension, maybe $100/month.
Conrad, my Dad worked Civil Service for the Army National Guard. (To keep his Civil Service Job he had to be in the National Guard (warrant Officer). (40 years)
Like you, He paid into SS and then they changed the rules and had him pay (instead) into the Civil Service/State Retirement Fund.
Bottom line is, (because he paid into both) after he retired, he collected, Army (Reserve) Retirement, Civil Service, AND Social Security...
You may be in a similar situation...
Ride safe, Ted
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Conrad, my Dad worked Civil Service for the Army National Guard. (To keep his Civil Service Job he had to be in the National Guard (warrant Officer). (40 years)
Like you, He paid into SS and then they changed the rules and had him pay (instead) into the Civil Service/State Retirement Fund.
Bottom line is, (because he paid into both) after he retired, he collected, Army (Reserve) Retirement, Civil Service, AND Social Security...
You may be in a similar situation...
Ride safe, Ted
Thanks, I'm hoping.
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Welcome to the retirement club!!
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Bah! >:(
I'm almost 54 and worked for 28 years.
With the last reforms from our Goldman Sachs' employee (our PM Mario Monti) TODAY you need to have 42 years of work to retire.
This means that I cannot retire before I'm 67.
I said TODAY: the threshold will go farther as life expectation increases.
I doubt they will let me retire before I'm 70.
That wouldn't be much of a problem if I could count on a job until that date.
But I strongly doubt I'll keep my job until then: Companies get rid of older people first.
Moreover I also doubt that my Company will last more than few more years before it's merged/acquired with/by some other one and this usually accelerates the disposal of older people above... ;) :(
Shortly (in very few years) I fear I'm going to face unemployment and believe me, here in Italy it's very hard (I'd say almost impossible) to find a new "regular" job for elderly people...
Two alternatives then:
- opening my own Company: about what?? not Consultancy because today Companies have to cut the costs and moreover they pay with years of delay (if not paying at all...). Perhaps the usual "Pizza shop"??? There are already too many and there's no room for new initiatives.
- emigrate. Find a Country where my experience can be appreciated or where my money savings can be multiplied by a low cost of life.
I know that when that time will come I'll find some kind of solution in order to reach the age of retirement with something to eat for me and my family but only time will tell.
Moreover, when I'll be allowed to retire, the monthly fee will be less than 50 % of my current salary.
I don't know why but I'm not feeling optimistic about my future... :-[
Summing up: I envy you!!!! >:(
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No reason to move to this country now. We're right behind you.
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Welcome to the retirement club!!
Not there yet, 358 more days to go. :)
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Bah! >:(
I'm almost 54 and worked for 28 years.
With the last reforms from our Goldman Sachs' employee (our PM Mario Monti) TODAY you need to have 42 years of work to retire.
This means that I cannot retire before I'm 67.
I said TODAY: the threshold will go farther as life expectation increases.
I doubt they will let me retire before I'm 70.
That wouldn't be much of a problem if I could count on a job until that date.
But I strongly doubt I'll keep my job until then: Companies get rid of older people first.
Moreover I also doubt that my Company will last more than few more years before it's merged/acquired with/by some other one and this usually accelerates the disposal of older people above... ;) :(
Shortly (in very few years) I fear I'm going to face unemployment and believe me, here in Italy it's very hard (I'd say almost impossible) to find a new "regular" job for elderly people...
Two alternatives then:
- opening my own Company: about what?? not Consultancy because today Companies have to cut the costs and moreover they pay with years of delay (if not paying at all...). Perhaps the usual "Pizza shop"??? There are already too many and there's no room for new initiatives.
- emigrate. Find a Country where my experience can be appreciated or where my money savings can be multiplied by a low cost of life.
I know that when that time will come I'll find some kind of solution in order to reach the age of retirement with something to eat for me and my family but only time will tell.
Moreover, when I'll be allowed to retire, the monthly fee will be less than 50 % of my current salary.
I don't know why but I'm not feeling optimistic about my future... :-[
Summing up: I envy you!!!! >:(
I'm sorry man. :grouphug:
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I worked just over 10 years in SS, but I'm not counting on getting anything from it, even if it is $100/month. My plan was strictly my pension and whatever I put away on my own. With that said, I should get a bit of a raise when I go as I won't be putting any money into a retirement fund or paying into a pension.