Retirement Planning - Lessons Learned

[ultrarunner]

Techies can work remotely, and if you can work remotely, why would you live there?

My old college roomie retired from Lawrence Radiation Labs and moved up near Port Townsend about 20 years ago. He had a duplex in SF, and even then he was an equity king moving to rural Washington.

The weather is great, world class sailing, International Surfing, Redwoods, Top Universities and Medical, Travel Hub, Family Here, etc..

The cons are break down of social fabric like Portland and Seattle, Cost of Housing, Traffic, Endless new rules covering more and more aspects of life and older diesel tractors shunned...

It may simply be a number of people don't like being told what to do...

 

[riptides]

The economy is changing, and with it, geographic location is becoming more of a lifestyle choice than tied to a workplace. I think areas like California, that attracted based on work, are now finding that the economic conditions and lifestyle choices are now moving in another direction. Now and into the future, you will have to attract people based on their lifestyles and not their business decisions.

 

[ultrarunner]

Lesson could be some have found they have been able to do OK not working...

We have experienced accelerated retirements among doctors... they had not planned to retire at 58 -60 but found the pressures of maintaining a practice, staffing an office, Covid, etc... no longer worth the effort... also, not being able to find younger Docs willing to take over practices a factor in closing shop...

Chief of anesthesia planned to go at 65 and retired at 60... leaving for his farm in Oregon...

Medical is experiencing more burn out in anytime in my 30 years with several strikes happening now as full time nurses working next to temps getting ad much as double compensation...

 

[Frankenkubota]

FWIW, this is a recently published and very comprehensive retirement book:

Amazon.com

good for you

way to late for me, good luck

 

[MoKelly]

"If current policy doesn't create inflation, then we have no idea what causes inflation." - John Phipps, US Farm Report

People like to make things complicated for their own agendas and to deflect responsibility.

It’s very simple - supply and demand.

Demand exceed supply —— prices rise.

Regulate supply while at the same time increasing demand —- well, duh!

MoKelly

 

[riptides]

Lesson could be some have found they have been able to do OK not working...

We have experienced accelerated retirements among doctors... they had not planned to retire at 58 -60 but found the pressures of maintaining a practice, staffing an office, Covid, etc... no longer worth the effort... also, not being able to find younger Docs willing to take over practices a factor in closing shop...

Chief of anesthesia planned to go at 65 and retired at 60... leaving for his farm in Oregon...

Medical is experiencing more burn out in anytime in my 30 years with several strikes happening now as full time nurses working next to temps getting ad much as double compensation...

Yes, so how does one get by with not working? It depends on other resources available. I see it as a lifestyle choice factoring into a good majority getting out of the rat race. Downsizing comes to mind.

The new "worker" economy is definitely shoring up to be the worker calling the shots and not the business.

 

[kenmac]

I see it as a lifestyle choice factoring into a good majority getting out of the rat race.

I did just that a few yrs back !
Was in the ''Rat race'' for a long time. At 57, I decided to just get out. I haven't regretted it at all !

 

[goeduck]

The new "worker" economy is definitely shoring up to be the worker calling the shots and not the business.

I would have to agree with this in many cases and I see this as a good thing. There will be a balance point where things settle out. Many businesses had this coming as payback.

 

[California]

I would have to agree with this in many cases and I see this as a good thing. There will be a balance point where things settle out. Many businesses had this coming as payback.

Lots of amusing personal stories about this over on Reddit! Here's one:

https://www.reddit.com/r/LeopardsAteMyFace/comments/q847oz

The first couple of replies:

"I’m shocked nobody showed, when they can work at Target in air conditioning and not breaking their back for more than $14/hour.

"I think what really gets me is that it's part time.
Like not only do you want me to work a **** job for **** pay, you also want me to do it part time? I don't even get a full 40 hours a week to be able to sustain myself?

And if you really want to go down the rabbithole of endless similar stories showing how attitudes have changed since Covid, this sub-forum has legitimate as well as unjustified stories of workers walking off as soon as they see much better paying alternatives. Times have changed.

Reddit - Dive into anything

www.reddit.com

Here's a classic I see there:

 

[KennyG]

A few impressions of the Reddit post from a grouchy old man:

Putting 35,000 lbs of boxes onto a conveyer doesn't seem like that big a deal to me. I've certainly done a lot harder jobs in my life.

I keep hearing that we have so many unfilled jobs because they are bad jobs and people deserve better jobs. It used to be that if you were unemployed, you took whatever job was available and kept looking for a better one. I guess it doesn't work that way anymore.