Milestone

[jeffreyab]

I just got home from my first retirement planning session.

Pass the Ovaltine Mildred, its time for "Matlock."

Comments

Swimming with the sharks

[hotwire7.livejournal.com]

I've been learning about some of that stuff too. Some of what they all say is true. But there are also pitfalls and sharks aplenty. At the very least get several opinions or competing quotes before you invest.

You may be more educated than I am on this subject already. One good place to start is "Everybody Wants Your Money" by David W. Latko.

Re: Swimming with the sharks

[jeffreyab.livejournal.com]

Thanks for your concern but its better than that.

I am part of a very large pension plan which serves Ontario municipal employees and one of their reps was speaking to us about retirement and the pitfalls of financial planners among other things.

[rmeidaking.livejournal.com]

I think I attended one of these before I turned 30. Of course, I was a business major in college (some of the time) and worked for a CPA firm. IIRC, I helped do some prep-work for a presentation the CPA firm did.

You shouldn't feel *too* decrepit. IIRC, you're still closer to the age you were at graduation than the age you'll be at retirement. Even high school graduation, I think. I do expect that you're closer to retirement than to kindergarten, though these days, that may be optimistic. (My dad retired from General Motors twenty years ago in a buy out, but he still works every day for a property appraisal firm, so in a way he's still not retired, even though he's 74 and collecting benefits.)

[jeffreyab.livejournal.com]

Sorry Roxanne but I graduated 23 years ago in 1983 and I will be able to retire with full pensions in 2025 which is only 19 years from now.

Re: Swimming with the sharks

[hotwire7.livejournal.com]

Good, I'm glad to hear it.

[dudarling.livejournal.com]

mmm??? I know I posted something here, but damn if I can remember what! Probably something snarky like, "haha! I only have 13 years to go!" But then I probably decided not to admit just how close to retirement I am... and go with something like 17. Yeah, 17, that's good.

[jeffreyab.livejournal.com]

How close is your favourite co-worker to retirement?

[dudarling.livejournal.com]

Well, it depends on her mood. She is eligible for retirement on December 15th (be still, my heart!) But her financial advisor says that if she works one more year... blah blah blah. Her family wants her to push the eject button now. I've heard her tell people she is leaving at the end of the semester, at the end of the year, or she's staying another year.

I'm not worried... if she leaves, I can manage the library quite well by myself. I may not have a degree in Library Science, but I have (oh, crap... I can say this now!) decadesof experience. Which is way way more than she has... she has only been a librarian since 2001.

If she doesn't leave, I am so out of there. People have been yelling at me for years to get certified, I could finish that master's degree, I could. But I have just never felt the need. I love what I do... I love my student aides, I love the mundane aspects like book repair, etc. I enjoy teaching and sharing and book talking. I love books. Weeding really turns me on.

Oh, what to do, what to do?

[jeffreyab.livejournal.com]

She probably won't go til the end of the month and probably WILL stay for another year unless she really doesn't need the money.

If she retired she could stay home and surf the net all she wants.

[ohikennedy.livejournal.com]

My usual whinge (croaked in a feeble voice):
Bring me my walker, Mabel! Where's my Geritol?

Ah, I'm impressed you're actually planning. I'm still stuck in the Gee-I-Should-Do-That-Ick-I-Don't-Wanna-Know stage. :-)