I’m 62 With $4 Million Saved. I've Been Offered a Buyout, but I Love My Job and My 'Work Family.' Should I Take It?
We asked financial advisers whether this 62-year-old should take the six-month buyout and retire, or work a few more years.
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We asked financial advisers whether this 62-year-old should take the six-month buyout and retire, or work a few more years.
I just informed my manager that I'll be retiring July 3rd. Pretty exciting. The plan has been afoot for a while now, but I needed to let them know. I've tested the numbers, I've created my fund for th...
UK 56M, I have worked abroad for the last 8 years and plan to work as long as my body allows, but at least up until UK state pension age, mainly because I had kids later in life (they're going to Uni ...
Many women forgo financial planning because it's just another thing to add to their lengthy to-do list. Here's why you should bump it to the top of your list.
People return to work for many reasons, but the biggest is financial need. As costs remain high, more retirees could be looking to re-enter the job market.
I am retiring at the end of next week. Looking forward to it, and I’m well prepared both financially and socially. But for some reason, I find myself very stressed out! I’m waking up every morning aro...
I'm 61 she's 62 1/2. We have a Fidelity advisor and the scenarios all run well. Do we also need a CFP to essentially check his work? Hope she can retire fully at 63 and I'll stay on the job to 65. Any...
I am now at the point, financially (hopefully) where I can retire. I'm just having a really hard time pulling the trigger for a few reasons, but there are some things compelling me to do it. To start ...
(No, not the go-go, slo-go, no-go adage) I just got my letter from Social Security saying, it’s time, bud, apply to claim your benefits. I’ll be 70 in a few months. For the last 2.5 years, my wife and...
When you leave a job, you have several options for your 401(k), including leave it, roll it over to an IRA or your new 40(k), or cash it out. Each choice has different tax implications and can impact ...
My daughter has a significant disability but has been self-supporting and living independently for 15 years. She has suffered some setbacks in this economy. I also feel that she makes what I think are...
We are retiring next year. I want to start going to the gym together, join a wine club, go to the parks (we live in Orlando), Staycation for a while, build a garden.. etc. When I ask my husband what h...
When I started working out of college, I had one stream of income. My job. Now that I’m in my ... Read more
I left my job in 2025 but contributed to my Roth IRA because I was still working in that year. This year, I started working as a W-2 contractor for my former company through a contracting company. I t...
I’m just not a sit-around-the-house kind of guy, never have been. I also think it’s a blast to learn something new, especially under the eye of someone who really knows what they’re doing. And so I kn...
Many workers find it easier to leave 401(k)s behind when they move to a new job, or cash out small balances that are better left invested, but you have options.
The tennis player Mackenzie McDonald has earned well up to this point, but high expenses and a short career timeline have prompted him, and others, to search for a backup plan.
I retired in September '24 after burning out during the pandemic and caregiving a demented parent. That parent (the last one) died 2 years ago and then I spent a year dealing with the physical aspects...
One of the more common retirement concerns I hear from new subscribers is the transition from saving for retirement to spending retirement savings. During our careers, we’re programmed to sacrifice sp...
You might need to overcome these stereotypes to hold on to your job after age 50.
Take these steps to avoid 401(k) fees and penalties when starting a new job.
Today, I'm excited to welcome Michael Long to the podcast. Michael is a physicist-turned-writer and the co-author of the international bestseller The Molecule of More. His work explores one of the mos...
A reader asks: I hate my job. Can you help me retire in 10 years? I’m already 45 years old ... Read more
We are Gen Jones and are retired nearly 2 years now. Like many parents of our generation, we have an adult Millennial child still living at home. He has a skilled career and makes good money, but it w...
So I see every now and then, someone will say "I worked until I was 70" or "I'm 68 and still working". Why? Is it because you have/had to financially? Or is it that you have/had a pretty low stress ca...
Picture this: You’re in your mid-40s and you’ve just quit your stressful corporate job. You’ve set aside enough money to ... Read more
Hi! I very suddenly retired (two weeks notice) from a job I adored (long story, management suddenly changed my job description and I didn’t care to stay). I’m about six weeks in and still in the nappi...
I retired almost a year ago and still often feel like I’m settling in. I’ve had several large and small projects that are keeping me busy, but I’m also learning to relax and not worry about deadlines ...
I have been toying/hoping to retire in March 2027. My goal has been on my 30th anniversary at my current job. I do have a pension that I could have been taking but I was thinking about it like Social ...
I'm sure you all get this a lot so I apologize for the redundancy. Lately, I find myself wondering when it's time to pull the plug in my career and retire. I'm 63, mostly good health but with some sig...
Joe Anderson, CFP® and Big Al Clopine, CPA spitball on whether a popular early retirement strategy could actually blow up your financial plan, today on Your Money, Your Wealth® podcast number 577. Red...
This is my first post in this group, so if this is out of place or out of line, I'm happy to remove it. I never had a plan for retirement, just, sock money away in a Vanguard account and hope for the ...
It's already been almost 2 years since I retired and I still sometimes wake up in a panic that I'm late for work, or I didn't finish some project or something. I retired as my kids were starting colle...
The hardships in medicine are many, and they contribute to an environment that can seem hostile to our jobs. Was there a better option? The post The Career You Should Pursue appeared first on The Whit...
April Fools. It's April 1st, sorry about that. No, I'm not putting the suit back on. But I am going back to work. Just not the kind you clock in for. I recently read a piece built around Stewart Brand...
First of all, I was very happy to find this subReddit last year, it has been a very helpful and comforting place as I planned (and re-planned) my own retirement. My last day will be end of June, I tol...
Arthur C. Brooks argues that staying in your career too long is a real risk, and that most successful people retire later than they should. The post From Strength to Strength: The Smart Case for Retir...
My last day was mid December last year. Enough time has passed that I now sleep through the night and the home improvement projects are moving along nicely. I felt a little strange at first when money...
Brigadier General Michael Meese details the critical decisions military families must make before retirement. Transitioning into retirement is a major life change for anyone. But for military families...
Explore how meaningful travel experiences, storytelling, and thoughtful planning can enhance your retirement journey. In this episode, Roger answers listener questions on managing retirement accounts,...
Most people think retirement begins the day they turn in their notice. In reality, retirement begins much earlier than that. It begins the moment you stop depending on your employer for everything. In...
Why going back to work after 60 is as much mental as it is practical, and often exactly what you need most.
i just retired and I am a 59 year old man. I feel really awkward telling older men who still work that I am retired. How do you guys answer this question. I dont know why it makes me feel so awkward. ...
After a colourful career in high-tech/telecoms, I realized it was time to retire when I was suddenly reporting to a 22 year old who knew less about technology than the cashier at a dollar store, place...
The Rule of 55 allows certain workers to take penalty-free withdrawals from a 401(k) or 403(b) if they leave their job in or after the year they turn 55. Income taxes still apply, and the funds must r...
I (F, 62) unexpectedly inherited my mother's house and some small investments which have enabled me to retire. It's been a tough year with Mom's death, house sale, all her 'stuff', my husband's job di...
I have never felt less ready, but more needful, to retire. I am soon to be 66, and have really only had 3 "career" jobs since graduating college at age 22. The first one lasted over 30 years, it was s...
My first job in the industry was working as an analyst for an institutional investment consulting firm that specialized in ... Read more
How do you know when it’s time? I am 67 years old and have been working in my industry for 50 years. During that time I have had the opportunity to influence my business in positive and meaningful way...
We retired last year at 67 with $3.1 million. My husband works two days a week, but it's interfering with the travel I want to plan. Help!