Things that make you think about life...
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wrote on 21 Jan 2025, 23:14 last edited by
@Horace said in Things that make you think about life...:
I'll keep doing this as long as they let me.
Why do you need their permission to do what you do?
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Long did you pay into CPP before you moved to the US?
wrote on 21 Jan 2025, 23:20 last edited by@Renauda said in Things that make you think about life...:
Long did you pay into CPP before you moved to the US?
It was only 5 years. I don't think I get anything. I have a relatively small GIC left over, and I also get a bit from my British company pension. The main reason I'm still in my current job is there's a really great company pension on top of the 401K retirement savings that I'm squirreling away.
There's a significant difference in income if I work 3 more years and retire at 65, so that's the plan.
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@Horace said in Things that make you think about life...:
I'll keep doing this as long as they let me.
Why do you need their permission to do what you do?
wrote on 21 Jan 2025, 23:23 last edited by@Axtremus said in Things that make you think about life...:
@Horace said in Things that make you think about life...:
I'll keep doing this as long as they let me.
Why do you need their permission to do what you do?
Because I do internal R&D with products that require large teams to create?
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@Renauda said in Things that make you think about life...:
Long did you pay into CPP before you moved to the US?
It was only 5 years. I don't think I get anything. I have a relatively small GIC left over, and I also get a bit from my British company pension. The main reason I'm still in my current job is there's a really great company pension on top of the 401K retirement savings that I'm squirreling away.
There's a significant difference in income if I work 3 more years and retire at 65, so that's the plan.
wrote on 22 Jan 2025, 00:02 last edited by@Doctor-Phibes said in Things that make you think about life...:
@Renauda said in Things that make you think about life...:
Long did you pay into CPP before you moved to the US?
It was only 5 years. I don't think I get anything. I have a relatively small GIC left over, and I also get a bit from my British company pension. The main reason I'm still in my current job is there's a really great company pension on top of the 401K retirement savings that I'm squirreling away.
There's a significant difference in income if I work 3 more years and retire at 65, so that's the plan.
I think you are right, you have to pay into CPP for at least 10 years in order to collect. You still may want to check into it when the time comes.
3 years goes by fast. Max out whatever you possibly can. My spouse is in a similar situation - where she works if your age combined with number of years of service equals 80, a person can retire and collect full pension based on the best last three years of salary.
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A couple cliche, but still true:
You can't add time to the end of your retirement, only to the beginning.
No one on their deathbed ever said that they wished they would have spent more time at the office.
wrote on 22 Jan 2025, 00:33 last edited by@taiwan_girl said in Things that make you think about life...:
A couple cliche, but still true:
You can't add time to the end of your retirement, only to the beginning.
No one on their deathbed ever said that they wished they would have spent more time at the office.
Not quite true. After three years I found I missed the involvement. Starting my third year of part time consulting and loving it. To each his own.
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@taiwan_girl said in Things that make you think about life...:
A couple cliche, but still true:
You can't add time to the end of your retirement, only to the beginning.
No one on their deathbed ever said that they wished they would have spent more time at the office.
Not quite true. After three years I found I missed the involvement. Starting my third year of part time consulting and loving it. To each his own.
wrote on 22 Jan 2025, 00:42 last edited by@Mik said in Things that make you think about life...:
After three years I found I missed the involvement.
Yes. We're all different. I keep in touch with my surgeon friends.
As the old saying goes, "I don't miss the work, I miss the people."
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wrote on 22 Jan 2025, 00:45 last edited by
I regularly still keep in touch with many of my former colleagues.
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@Doctor-Phibes said in Things that make you think about life...:
@Renauda said in Things that make you think about life...:
Long did you pay into CPP before you moved to the US?
It was only 5 years. I don't think I get anything. I have a relatively small GIC left over, and I also get a bit from my British company pension. The main reason I'm still in my current job is there's a really great company pension on top of the 401K retirement savings that I'm squirreling away.
There's a significant difference in income if I work 3 more years and retire at 65, so that's the plan.
I think you are right, you have to pay into CPP for at least 10 years in order to collect. You still may want to check into it when the time comes.
3 years goes by fast. Max out whatever you possibly can. My spouse is in a similar situation - where she works if your age combined with number of years of service equals 80, a person can retire and collect full pension based on the best last three years of salary.
wrote on 22 Jan 2025, 01:11 last edited by@Renauda said in Things that make you think about life...:
3 years goes by fast. Max out whatever you possibly can. My spouse is in a similar situation - where she works if your age combined with number of years of service equals 80, a person can retire and collect full pension based on the best last three years of salary.
We have the same thing, but it's for the total = 85, they call it the rule of 85. I hit that at 64.5 so I'm willing to work the extra 6 months for the heck of it.
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@Mik said in Things that make you think about life...:
After three years I found I missed the involvement.
Yes. We're all different. I keep in touch with my surgeon friends.
As the old saying goes, "I don't miss the work, I miss the people."
wrote on 22 Jan 2025, 01:22 last edited by@George-K said in Things that make you think about life...:
@Mik said in Things that make you think about life...:
After three years I found I missed the involvement.
Yes. We're all different. I keep in touch with my surgeon friends.
As the old saying goes, "I don't miss the work, I miss the people."
Yeah, the nature of your work was much more demanding in multiple ways. In two years I’ve not had to get out of bed one minute before I wanted to.
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My primary hobby of sitting on a chair in the middle of the room and staring at the wall, seems inexhaustible. It pains me to be torn away from it by work and other things.
wrote on 22 Jan 2025, 01:53 last edited by@Horace said in Things that make you think about life...:
My primary hobby of sitting on a chair in the middle of the room and staring at the wall, seems inexhaustible. It pains me to be torn away from it by work and other things.
I know. It’s SO inconvenient.
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I’m torn on this too now. I’ve got 25 years ahead of me until official retirement age… but I should be able to get there in 10 if I buckle down and grind out my middle-mgmt tech career. (Probably way too optimistic).
Or do I really try to branch out and try something different while I still have the energy….
wrote on 22 Jan 2025, 01:58 last edited by@xenon said in Things that make you think about life...:
I’m torn on this too now. I’ve got 25 years ahead of me until official retirement age… but I should be able to get there in 10 if I buckle down and grind out my middle-mgmt tech career. (Probably way too optimistic).
Or do I really try to branch out and try something different while I still have the energy….
Given you will probably be working for quite a few years and I suspect middle management IT will always be available, what would you love to do?
I’d love to say I went independent out of some business savvy, but the truth is somebody really pissed me off. All in all it worked out beautifully and I got what I wanted - the freedom to confidently say no to things I didn’t want to do.
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@Jolly said in Things that make you think about life...:
Signed my first papers at 52.
I still work PRN.
I'd still happily work p/t if I retired, just not at what I do now.
wrote on 22 Jan 2025, 20:09 last edited by@Doctor-Phibes said in Things that make you think about life...:
@Jolly said in Things that make you think about life...:
Signed my first papers at 52.
I still work PRN.
I'd still happily work p/t if I retired, just not at what I do now.
A comment...After I retired the first time, my wife threatened to bury me in the back yard. Not because I was doing nothing, it was because I had too much going on around the house and I started early.
So, I went back to work full-time, but in a totally different career field. It was hard, but it was fun. And it stretched the brain, along with meeting a lot of new people. Sadly, some health issues got in the way and I had to quit.
I got antsy and went back to healthcare working PRN. I've enjoyed that, but I'm getting c!oser to hanging it up. I certainly would have stayed in the other career field if I could.
So if you can retire and you're able to do something else, do it. I think you'll find it rejuvenating.