My situation is somewhat different than most. I spent over 20 years in my first career as a research scientist, not for the money, but for the love of what I was doing. Unfortunately, there was no pension and the money was only adequate. I was only able to put away a small, modest amount towards my retirement fund.
I do have a very good retirement pension plan in my present job but because I started it so late in life, it will only be barely "adequate".
When I "retire", I shall most likely find other employment and continue to work for as long as I am physically and mentally able. Another compelling fact that will make this a reality is the fact that there are vast numbers of firefighters who have since retired, who have not survived more than 2-3 years afterwards. This is due in part to the hazards that they have faced in the line of duty, causing health issues and also in part to the fact that nothing else in life could replace that lifestyle. They "mentally" died, along with their physical being. I hope to not follow in those footsteps. Out of need, I hope my senior years will still be productive in the work force. I may not be able to indulge in my same hobbies and interests as I do now but I shall always have those memories. I have been able to travel and have my toys while I am younger. That's my trade-off and I'm very content in that knowledge.
I have not regretted the life decisions that I have made since I feel I have done my part in contributing to the overall good of the world around me. I would do it all over again in the exact same way.

 

OhioRacer, if you don't mind getting your hands dirty and an occassional bump and cut, I have a suggestion. Restore a vintage car. I can tell you from first hand experience that a total novice, with a little help from car club friends, can do it. When I picked up my first project in my mid-twenties I had never changed oil on a car, didn't own a single tool, had never been around anyone who ever did one before, didn't know a sole who owned one, plus I was not a "natural" at things mechanical. I bought a basket case MGA for $200. Restored it and still have today, 31 years later. The energy to do a restoration right will keep you busy - believe me. And, the satisfaction of accomplishment afterwards speaks for itself. Just something to consider.

 

Sounds like a terrific idea, but I'm one of the few, if not the only, S2k owner who is not a traditional "car guy". It would take me days to change the oil.

 

[QUOTE]Originally posted by ralper
You're middle aged or older, the kids are grown or growing, you're established and you own the car you've always dreamed of owning.

 

Carmen, you can join my orientation session at Fall Colors (right after the weigh in for Rob ) for Habitat for Humanity. My Philly board of directors includes a CPA, international Unisys VP, marketing consultant, retired Army Lt. Col, self-employed carpenter...quite a melange. I think Cleveland has a very active affiliate, as well as Myrtle Beach Rob is interested, and I think xviper might like it too

 

[QUOTE]Originally posted by paS2K

 

[QUOTE]Originally posted by OhioRacer

 

[QUOTE]Originally posted by ralper

 

Hmmmm....well I don't have children to worry about, but I am basically responsible for my aging parents (with help from my sis and bro who live elsewhere). And my 95-yr-old aunt, who's in an assisted-living facility here. So between those two things and not being eligible to retire until at least 2007, I'm in DC for awhile. The car and this site are fun and take up alot of my time (more so lately!!), along with other things in my personal life. Longer term I plan to move to Eastern NC and continue to travel the country and the world.