Tag: social security

Why Does Retirement Mean I Have to Get a Job?

Retirement: that time in life when you cease being employed for money and start employing your time on your personal interest. Isn’t this a fair assessment of what it means to be retired? Then why am I looking at getting a full-time job?

A few months ago, my husband and I met with our financial planner. He’d been hounding us to send him all the various retirement account information (which happens when the major bread-earner has worked for multiple companies) and we’d finally supplied everything he requested. He wanted to talk about HOW we planned to spend money once we retired.

Did I mention I’m not planning to retire from writing books? Not ever. Well, unless my mind goes and I can’t come up with decent stories to engage readers. After a lifetime of longing and dreaming of writing stories, I have no desire to stop creating in the name of “retirement.” (Based on the definition of “retirement” I supplied above, I’m not employed for MUCH money doing the writing anyway, and it IS my foremost personal interest.)


Retirement: the Why

If I’m never planning to retire, why is this a discussion?

Because Mr. Computer Engineer doesn’t want to keep commuting to his office five days every week. He has no desire to be flying off to the uttermost part of the globe to install a new network security system. (Or whatever else he does in both foreign and domestic locations without me.)

Does he think he’s going to sit around playing video games instead of earning a paycheck?

No. In fact, he doesn’t want to stop working altogether. He’d rather build things and be a handyman rather than report to an office every day.

And it would be great to take days off or work only a few hours each day…on his own schedule.

Retirement: the When

Back in the day, people retired at age 55. I know teachers who still do this.

And then they turn around and work as substitutes for the next ten to twelve years to afford their insurance premiums.

My husband plans to retire at age 67. By then, I will be old enough to receive Medicare (supposing that isn’t a government institution that gets disbanded). We’ll still need to have supplemental medical insurance, and those premiums (even for relatively healthy people) are ridiculously expensive.

In fact, that’s what most of our money will be spent on in retirement. Crazy, right?

Retirement: the What

Now, on to those personal interests we’ll be investing most of our TIME in once retire. We’d both like to:

  1. Travel
  2. Enjoy our grandchildren
  3. Bowl
  4. Be active
  5. Spend winters in the sunshine
  6. Volunteer
  7. Expand our hobbies
    1. Such as scrapbooking, hiking and biking for me
    2. and golfing, building things and exploring for him

Most of these things take more than time, they take money.

Retirement: the Where


Unfortunately, we haven’t nailed the where down. We’ve considered relocating to Central Oregon where there are more sunny days and we could lead a more active, outdoor lifestyle.

But that means further from the grandchildren. (By the time we retire, I expect we will have at least TWO.)
Now that we’ve spent WAY more money to remodel our master bathroom than we’ll ever recoup, it seems we need to stay put for at least five years. Since retirement is a decade out for Mr. Wonderful, this should work out okay.

Double bonus: we have more time to decide on the where of retirement.

Retirement: the HOW

This is the biggest question mark.

Our financial guru’s special software, says we’re on target to have the right amount of money to pay ourselves for 25 years at the rate the same program says we’ll need to travel and keep our house.

But it was a pretty close thing.

And I’m not one who likes to risk homelessness or hunger.

That’s why I applied for a full-time job as a communications assistant with the local school district. I could return to school (online at WGU costs less than $3500 and if I work fast and hard, I’d have a MAT) and take a teaching position.

But I know myself well. I plan to work for a couple years, pay off our debts, build up my Roth IRA and then withdraw back to my full-time author status. During that time, I hope I can still release a couple novellas each year and expand my back list of published titles.

If I spend money and time to get an advanced college degree, I’ll feel obligated to work longer. Will I make more money? Well, I hope so, but I don’t actually need to make a TON of money. And the more I make, the more Uncle Sam will take because he’s stingy that way.

Would I enjoy teaching? Sure. I enjoy subbing now and I don’t have to bear the brunt of work and responsibility.

But I also remember how jaded I’d become about education when I quit working in it full-time nearly six years ago. The climate in education hasn’t changed all that much. Do I really want to deal with all those politics again?

“There’ll be politics no matter where you go,” says Mr. Helpful.

Yeah, thanks. That makes this decision so much easier.

What advice to you have for me as I search for a way to ease the financial stress of retirement?

Looking Ahead to Retirement

Retirement is for the old. Or the rich. And let’s face it, I’m neither.

But when your investment advisor calls you to discuss your retirement portfolio, you start thinking about it.
If the lady selling pre-paid funeral packages calls you a few months later, it’s probably a second hint. You know, that maybe you SHOULD be thinking about retirement.

There’s plenty of press that says Americans better start planning to work until they’re 70. And why not if you’re healthy? And if you’re going to live until you’re in your 80s, that still gives you plenty of time to enjoy life.

If there is life after work.


I’m not so sure. My mother retired and a few years later she was struck by lymphoma. Five years later, we were weeping at her funeral.

There’s not a single guarantee that any of us will make it beyond today.

So why think about retirement?

Well, if you want to retire, you’ll need to make a plan.

What’s the Right Age?

According to the TIME MAGAZINE article I’m referencing, most Americans are planning to retire too early. Half of them retire between the ages of 61 and 65.

What’s the problem with this?

Well, you can’t claim social security benefits until the age of 66 (67 for those of us born after 1960). And you can forget about Medicare until after you’re 65.

My husband would like to retire sometime between 63 and 66. As an author, I don’t plan to ever retire, but I do hope to stop substitute teaching when my current license expires.

We’ll see if that dream comes true.

What’s After That?

My thought about retirement is: Why?
What are you going to do if you don’t go to work?
In my experience, people retire and their health fades. This is true about nearly half the people I know. They stop getting up in the morning and they don’t make any plans for their days.

This wasn’t the case for my mom. She enrolled in Master Gardeners and learned a new skill in an arena she loves. She worked with her husband making items to sell at bazaars. They traveled.

And then disease struck.

Poor health is one of the things that robs retirement of any of the expected joy of living.

It’s also the reason some people plan to retire on this side of sixty.

A teacher I worked with for ten years retired before her 60th birthday because she had the means. She’s still substituting at the school, but most of the time she’s involved in home improvement projects, riding one of her horses and spending time with family and friends.

She decided when a friend of hers received a horrible medical diagnosis, that she wasn’t going to wait. She wanted to live, not just work all her life for someone else.

I admire her. Her mother is 90. Will my friend’s financial resources support her if she lives that long?

Our Early Plan

This month, we borrowed an RV and traveled over to LaPine, Oregon. It’s the place my husband has scoped out that seems to have inexpensive land.
His plan: Get an RV and travel a week here and there but keep a home base. When we’re done traveling, sell the RV and settle into a 2,000 square foot house (paid for) that’s close enough so the kids and grandkids can (and will) visit, but is also located in an area with enough outdoor activities to keep us active.
My plan: Be debt-free. Yeah, that’s about it.
I’m all for traveling in an RV. I think I would enjoy it as long as it became “my home.” Because I’m a home body. I love my bed more than any other place to sleep in the world.

But my idea if travel in an RV involves being on the road for a month or more at a time. I want to explore every state in the US and drive coast-to-coast through Canada. You’re not going to do that in a week and see anything.

I’ve always envisioned myself being part of my grandkids’ lives, though. When my Gram moved away, I was heartbroken. My best childhood memories involve visits to her house.

Can I be a grandmother if I live hundreds of miles from my grandkids?

What do you think is the prime age for retirement? What do you hope to do when you’re retired?