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#2854568 - 05/10/17 09:45 AM OT - Retirement.
RABid Offline
10k Club

Registered: 11/01/01
Posts: 11888
Well, Ive been contemplating retirement from my day job. People keep telling me that I would be bored, but with music, photography, the blog I never started, etc there is plenty to keep me busy. As any good musician would do, I crunched the numbers to determine the difference between retiring now and waiting three years. After taxes, the difference would buy me a nice keyboard per year, every year. No, not Steinway nice, but more like Rev 2 nice. Then I told my boss I would stay 3 years. (Some of you have seen my keyboard collection addiction.) I've had my eye on an RD2000.

Last weekend I was busy at home. I enrolled in online bass lessons because I always wanted to learn to play better. I enrolled in online drum lessons because I had never studied the rudiments. As I drummer Im totally self-taught. I was also trying to work on some articles for my future blog, lamenting because I had not done any photography for months (iPhone does not count), and was trying to find the time to take a stained glass class. At that point it hit me. Monday I went in and told the boss Im retiring for my birthday, the end of October.

So, in reality, Im retiring from two things, day job and keyboard collecting. This may be the push I need to start selling off my collection and reduce to a Kronos and a Virus. Hell, if I can overcome GAS I can really live on less. A LOT less.
_________________________
This post edited for speling.

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KC Island
#2854572 - 05/10/17 09:59 AM Re: OT - Retirement. [Re: RABid]
Barryjam Offline
Senior Member

Registered: 10/03/05
Posts: 196
Loc: Auburn, Northern CA
In retirement, I've never been bored. Chops have improved. GAS still occurs but so does the desire to simplify and sell off stuff I'm not using.

Congratulations!
_________________________
Barry

Home: Steinway L, Bob Schleicher A100 chop, 142 Leslie.

Gigs: Yamaha CP4, Nord Electro 4D 61, Ventilator II. Sound System: A&H QUsb mixer, Crown & QSC amps, JBL SRX-700 speakers

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#2854573 - 05/10/17 10:08 AM Re: OT - Retirement. [Re: RABid]
ProfD Offline
MP Hall of Fame Member

Registered: 05/11/06
Posts: 9148
Loc: Wash DC Area
Retirement is a huge decision. But, if the difference in monthly income isn't too significant, go for it.

Time certainly is not waiting around. As a retiree, you get to make your own schedule and dive into your interests, hobbies and passion. You might even discover new things.

Nowadays, depending on skillset and location, retirees stand a better chance of picking up a lucrative full or part-time job thsn someone actively seeking employment. The assumption is that a retired person has knowledge, wisdom and will be dependable.

The adjustment will take some time. It will also allow focusing on that which is most important. Maybe you will downsize or consolidate the gear collection or use it differently.

That Roland RD-2000 is a nice DP. I'm curious to see and hear the Korg GrandStage. But, I could certainly see a DP as my final KB purchase in retirement.

I've still got quite a few years left to work before retirement. So, I live vicariously through those who are already eligible. smile cool
_________________________
PD

"The greatest thing you'll ever learn, is just to love and be loved in return."--E. Ahbez "Nature Boy"

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#2854576 - 05/10/17 10:22 AM Re: OT - Retirement. [Re: ProfD]
lightbg Offline
Gold Member

Registered: 02/02/01
Posts: 504
Loc: Rockaway,NJ,UNITED STATES
I went through my board of ed. minutes in January to retire as of July 1. 31 days left, and I've filled my private teaching schedule and added some studio time for unfinished projects.

Can't wait!

Jake
_________________________
1967 B-3 w/(2) 122's, Nord C1w/Leslie 2101 top, Nord PedalKeys 27, Nord Electro 4D, QSC KW152, Yamaha reface YC+CS+CP

"It needs a Hammond"

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#2854582 - 05/10/17 10:33 AM Re: OT - Retirement. [Re: lightbg]
mate stubb Offline
10k Club

Registered: 10/26/03
Posts: 14915
Two years in, it's still the best decision I ever made. Stress and worry was killing me in my job.
_________________________
Moe
---
hardware: "If you can't play a real Hammond w/ a Leslie a clone won't be much help."

http://www.hotrodmotm.com

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#2854586 - 05/10/17 10:53 AM Re: OT - Retirement. [Re: mate stubb]
stillearning Offline
Senior Member

Registered: 06/27/13
Posts: 268
I retired about two years ago, and do not look back. I teach keys part time at the local School of Rock, play in bands, and consult on occasion. I'm often as busy as when I was working, but now it's mostly on my terms. No complaints.
_________________________
What an elegantly put phrase. New sig time!

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#2854587 - 05/10/17 11:00 AM Re: OT - Retirement. [Re: stillearning]
ElmerJFudd Online   content
MP Hall of Fame Member

Registered: 11/30/14
Posts: 4694
Loc: USA, greater NY area
My pop retired at 65. He was great for about 3 months. Then started feeling a little edgy, not sure what to do with himself. But he worked it out, found part time job, took up some hobbies, etc. I'm at the very earliest 10 years out, at the latest 20. I already have idea of what I'd like to do. Is that bad? Nah! smile
Congratulations and enjoy!
_________________________
Live: Yamaha S90ES, Roland VR-700
Home: Rebuilt 1910 Chickering 5'2", Fender Rhodes MKI 88k

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#2854588 - 05/10/17 11:05 AM Re: OT - Retirement. [Re: ElmerJFudd]
Barryjam Offline
Senior Member

Registered: 10/03/05
Posts: 196
Loc: Auburn, Northern CA
"final KB purchase in retirement"

Or so you think. Sorry, cannot resist.
_________________________
Barry

Home: Steinway L, Bob Schleicher A100 chop, 142 Leslie.

Gigs: Yamaha CP4, Nord Electro 4D 61, Ventilator II. Sound System: A&H QUsb mixer, Crown & QSC amps, JBL SRX-700 speakers

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#2854590 - 05/10/17 11:08 AM Re: OT - Retirement. [Re: Barryjam]
Legatoboy Offline
MP Hall of Fame Member

Registered: 08/11/06
Posts: 3425
Loc: Huntington Sta., New York (LI)
It's coming soon for me, think I can swing it...I'm 63 in August.
I will go to 66-67 though if possible. Preparing now with thinking about income / health Ins. (?) / expenses
_________________________
Where words fail, music speaks volumes

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#2854597 - 05/10/17 11:39 AM Re: OT - Retirement. [Re: Legatoboy]
retrokeys Offline
Platinum Member

Registered: 07/11/06
Posts: 1547
Going into my third year. First year I sort of missed work (well actually some of the people at work) then..... I wonder now how I ever had enough time to hold down a job.

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#2854606 - 05/10/17 12:12 PM Re: OT - Retirement. [Re: retrokeys]
StanC Offline
Gold Member

Registered: 04/18/08
Posts: 652
Loc: Connecticut USA
66 next week. Planning on going to 70 just due to the difference in SS bennies. But meeting with a financial adviser this weekend. That may change! w00t
_________________________
Stan
Active: Yamaha S90 XS; Hammond XK-1/NEO Vent; Yamaha MOX8.
Retired: Yamaha S90, Korg Triton Le61, Hammond M2/Leslie 145, Wurly 200, Ensoniq VFX

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#2854609 - 05/10/17 12:21 PM Re: OT - Retirement. [Re: retrokeys]
Markyboard Offline
MP Hall of Fame Member

Registered: 02/10/01
Posts: 4614
Loc: Springfield, Virginia
Originally Posted By: retrokeys
First year I sort of missed work (well actually some of the people at work) then..... I wonder now how I ever had enough time to hold down a job.


Going on 1.5 years and same here. Eye opener for me this year was realization that my work friends were...work friends; even those I felt closest to. Being a manager/leader type for my last 5 or so years blinded me somewhat. A little sad but no ill feelings. I did however make a decision that I no longer wanted to join my "friends" during work related social events. And it turns out that's all there ever really was. I'm in my "moving on" phase and the same thing happened when I left California years ago. I'm also not into reunions or hanging out with fellow retirees. No Del Boca Vista for me. Python

I stay extremely busy most of the time which is a must for me. Just wish it didn't include this week's project of removing/replacing silicone caulk sick . No matter I need to stay busy to be happy, and now I fulfill that need with useful activities to me(and my wife) and fun stuff.

As to the important stuff I never considered myself a "collector", but I did know the day would come when I'd finally have time to really explore these cool toys and work on getting better. That day is every day now. I'm not getting rid of anything as this is what I worked for and it brings me happiness. As for new stuff I find very little that gives me GAS, mostly because of what I already have. But when I do really want something I'll do what I've always done- find a way.

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#2854612 - 05/10/17 12:29 PM Re: OT - Retirement. [Re: Markyboard]
sleepngbear Offline
Gold Member

Registered: 01/21/15
Posts: 534
Loc: RI
I'm about three years away from possible retirement -- I'll be 62 and eligible for SS -- but in reality, there's still about 7 years left on the step kids' school loans, so I really don't see any way of hanging it up before then. But, as has been noted already, the stress is literally killing me, but not to the point that disability is an option. I'm actually between jobs right now (consulting sucks!), so I'm getting a taste, and the longer I'm out, the more I don't want to go back. I know I would find plenty to do to keep from getting bored, starting with selling unused gear and motorcycle parts from 7 bikes ago and several in between, which if you could see my garage could be a job in itself. But the numbers don't quite add up yet. Maybe in three years ...

I'm truly happy for you, and anybody else who's able to cut that cord and enjoy life without day-job stress. Good for you all, and just please say a prayer for me that I make it long enough to join you! smile
_________________________
D-10; M50; SP4-7; CP4; SSv3!
I'm a fairly accomplished hack.

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#2854614 - 05/10/17 12:32 PM Re: OT - Retirement. [Re: Markyboard]
johnchop Offline
Platinum Member

Registered: 10/29/09
Posts: 1974
Loc: Georgia, US
15 years to go, and I'll be 60. Hoping I've played my cards such that I won't have to keep at it for $s sake.

Don't let the door hit me in the ass. grin

Between hanging with my family, music, reading, enjoying nature, and my Steam library, there's zero room for boredom.

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#2854618 - 05/10/17 12:56 PM Re: OT - Retirement. [Re: johnchop]
Michael Wright Offline
MP Hall of Fame Member

Registered: 01/05/12
Posts: 2575
I retired from one time consuming job to take care of Mum (91). I am still very busy, but it's all at home basically and the phone is now silent. sleep
_________________________
"being a keyboard player is like wetting yourself in a dark suit. You get a warm feeling, but nobody else notices." A Evett
Website
Mike

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#2854624 - 05/10/17 01:31 PM Re: OT - Retirement. [Re: Michael Wright]
Markyboard Offline
MP Hall of Fame Member

Registered: 02/10/01
Posts: 4614
Loc: Springfield, Virginia
Almost forgot... congrats RABid! cheers

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#2854626 - 05/10/17 01:51 PM Re: OT - Retirement. [Re: Markyboard]
rockinroller Offline
Senior Member

Registered: 11/05/04
Posts: 155
Loc: Detroit
Lots of folks measure their value substantially by their respective jobs. Unless you are of the opinion that your job is nothing more than generating an income in which to support you/your family, there's usually a fair amount of "trauma" that occurs after one retires, with most of that rooted in suddenly being stripped of the source of much of your value--self perceived or otherwise.

Seems to me if you look forward to going to work at least a fair amount of time, you should continue that as long as you are physically able (or until they tell you to leave, whichever comes first). That job of yours might actually be a big part of who you are.


Edited by rockinroller (05/10/17 01:52 PM)
_________________________
Kurzweil PC3a7
Kurzweil Artis 7
Yamaha DXR 12 Powered Speaker
Samson 6 channel mixer

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#2854640 - 05/10/17 02:52 PM Re: OT - Retirement. [Re: rockinroller]
Sospiri Offline
Senior Member

Registered: 10/05/12
Posts: 80
Loc: Crete, Greece
I'm 80 now and retired at 65. Two days before I was due to go, the employer panicked and asked if I would work on a consultancy basis online. Best thing I ever did. The first two years I was making far more money, working on my terms, and only averaging two days a week. Over the next six years I gradually reduced it to zero hours a month and lived purely on pensions.
I've persuaded many friends to take retirement a.s.a.p. and despite some initial resistance, everyone has said it was the best thing they ever did and wondered how they ever found time for a day job. In short, if you can afford to do it then do it. Every year the earth revolves faster and faster, and before you know it, your retirement years will be over.

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#2854673 - 05/10/17 06:56 PM Re: OT - Retirement. [Re: Sospiri]
tfort Offline
Senior Member

Registered: 05/06/16
Posts: 58
My father retired when he was eligible, and then kept working as a consultant to make money for future toys and trips as well as just being generally more financially sound. He liked his work okay, but if left little time for other things, like visiting the grandkids.

Not long after retiring, he found out he had cancer and passed away relatively soon thereafter, without having a chance to enjoy the toys (a boat) he had bought, or travel with his wife.

I guess we all know it in theory, but the opportunity cost of continuing to work is not having that time to do something else, and you never know when your time is up. I am planning on retiring about as soon as I'm financially able, rather than keeping on working to be as financially secure as possible.

A friend of mine retired when he was 50. I asked him how he'd managed it, and he said it was all about keeping his life simple, and therefore his expenses down-- he didn't need a big house, fancy car, etc. I think about that sometimes and wonder if I should have changed priorities earlier in life to be able to retire sooner.

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#2854674 - 05/10/17 07:03 PM Re: OT - Retirement. [Re: tfort]
Marzzz Offline
MP Hall of Fame Member

Registered: 11/24/00
Posts: 2269
Loc: Scottsdale, AZ
I thought I was going have to retire in about 2 years, but certain things have changed and now it looks like I will be able to go another 5. FWIW, I have known many people who became busier after they "retired."

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#2854676 - 05/10/17 07:50 PM Re: OT - Retirement. [Re: retrokeys]
B3bluesman59 Offline
Platinum Member

Registered: 01/23/07
Posts: 1209
Loc: La Quinta,CA
I retired from the fulltime/big time music biz 19 years ago...and have never looked back. Some wise investments in tech and real estate years ago along with a 401K, social security, and medicare made it possible. I live in area that has many venues to work and I do a solo vocal/keys act and also have a four piece classic rock/blues band. Still leaves plenty of time for golf and travel. I miss many of the people I used to work with but not the constant travel and stress that came from dealing with many of the superstar egos of my former job. Everyone must make their own decision on when to retire but if you can swing it now, do it now while you are still healthy. You wont regret it.

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#2854691 - 05/10/17 09:37 PM Re: OT - Retirement. [Re: B3bluesman59]
Desert Rat Offline
Senior Member

Registered: 12/22/05
Posts: 277
Loc: Arizona, U.S.
Wow! I have been retired for 10 years now, but as of next week I re-join the workaday crowd. Perhaps GAS was too much for me. Fortunately, the new work will allow for flexible time to do what I enjoy and, with all thing being equal, I do plan to fully retire in 5. I agree that retirement sometimes makes your life's schedule fuller than it was when you were working.
_________________________
Present Reality:(Korg) ARP Odyssey Mk.1 FS, Roland JU-06 and Alesis DG-8 w/8 Q-Cards
Past Memories:Nord Lead 3 - Hammond A-101 w/Leslie 122

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#2854762 - 05/11/17 08:29 AM Re: OT - Retirement. [Re: Desert Rat]
RudyS Offline
Platinum Member

Registered: 11/06/02
Posts: 1753
Loc: Groningen, The netherlands
32 here, so still a long way to go!

Confrats Rabid!
_________________________
Rudy

Stuff: Nord Electro 3, Casio PX5s, DSI Mopho keys, Nord Lead A1, Korg N5, Korg Poly 61, QSC K10 and a Shure SM58.

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#2854840 - 05/11/17 01:08 PM Re: OT - Retirement. [Re: RudyS]
Al Quinn Offline
Gold Member

Registered: 08/13/14
Posts: 758
Loc: Center Moriches, NY
I retired three years ago and am never bored. I know it's a cliche, but I don't know how I had time to work.
_________________________
https://soundcloud.com/al-quinn-2

Yamaha C3, '62 A100, Leslie 145, CP4, Mojo, HX3 Module, Vent 2, Electro 4D, AX Synth, SSv3, Markbass CMD 121P, Chopped Leslie 145, RCF TT08As

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#2854852 - 05/11/17 02:00 PM Re: OT - Retirement. [Re: Al Quinn]
cphollis Offline
Platinum Member

Registered: 10/05/13
Posts: 1740
Loc: Massachussets, Florida
Two years away from retirement. I'm 57 now.

I've spent the last few years repositioning my life to make for an easy pivot: e.g. moving to Florida, getting the kids out of college and into real jobs, devoting more time to playing in bands, setting up a substitute income stream, consolidating stuff, getting all my major GAS out of the way, etc.

No consulting or other job for me. I'm tired of working for a living. I want to play.
_________________________
Life is too short to be playing bad music.

Keys: Nord Stage 2, Piano 2, Electro 4D
Practice: Yam N3, Bosie 200 Klimt Model
Amps: FA 12acs, RCF TT08as, QSC Ks, SSv3
Stuff: Spider Pro, MG06, etc.

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#2854912 - 05/11/17 09:24 PM Re: OT - Retirement. [Re: cphollis]
WWW Offline
Gold Member

Registered: 07/07/04
Posts: 914
Loc: NYC
I retired at 49, cut my expenses, and moved to Key West with my wife. Now, I am working 5 to 7 gigs a week, transporting my gear on a motorcycle trailer. No gig is more than five minutes away. I spend my days rehearsing with the band, practicing, writing music, or going out on the boat. I would say I am lucky and busy. It's an unconventional life though, and I am out almost every night. Thank goodness I have an understanding and loving wife. But, in order to retire you really have to give up a lot of your attachment to material things. They are too expensive to maintain, and they bog you down. Suffice it to say, that I am happy, and time is much more important than possessions
_________________________
Hammond C3, Leslie 122, Steinway B, Wurlitzer 200A, Rhodes 73,
D6 Clav

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#2854916 - 05/12/17 01:13 AM Re: OT - Retirement. [Re: WWW]
waygetter Offline
Senior Member

Registered: 03/11/07
Posts: 241
Loc: Sausalito, CA
Originally Posted By: WWW
I retired at 49, cut my expenses, and moved to Key West with my wife. Now, I am working 5 to 7 gigs a week, transporting my gear on a motorcycle trailer. No gig is more than five minutes away. I spend my days rehearsing with the band, practicing, writing music, or going out on the boat. I would say I am lucky and busy. It's an unconventional life though, and I am out almost every night. Thank goodness I have an understanding and loving wife. But, in order to retire you really have to give up a lot of your attachment to material things. They are too expensive to maintain, and they bog you down. Suffice it to say, that I am happy, and time is much more important than possessions


Great wife, Key West, boat, motorcycle, gear, gigs, writing, more... sounds pretty damn good!

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#2854920 - 05/12/17 03:45 AM Re: OT - Retirement. [Re: WWW]
Markyboard Offline
MP Hall of Fame Member

Registered: 02/10/01
Posts: 4614
Loc: Springfield, Virginia
Originally Posted By: WWW
But, in order to retire you really have to give up a lot of your attachment to material things. They are too expensive to maintain, and they bog you down.


Couldn't agree more...although I never thought of my kids as material things. w00t w00t w00t

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#2855084 - 05/12/17 08:12 PM Re: OT - Retirement. [Re: Markyboard]
Piktor Offline
Senior Member

Registered: 01/04/11
Posts: 275
Loc: Edmonton, Canada
This is a timely topic for me. I haven't hit 60 yet and still have lots of energy and goals. However, after teaching in the same school and same music room for thirty-two years, I will be retired on July 1. This wasn't an easy decision to make, because I still love what I do. Reading the positive comments in this thread just helped to reaffirm my decision. I lost a brother a few years back. He didn't get to have a retirement. Time waits for no one and there is still so much to do, especially in respect to personal musical endeavours that I have not been able to commit enough time to. I loved being a music crusader, but I can leave that in the hands of some of the great younger people that we have in our district. I think that the most difficult part about retiring will be leaving all of the relationships that come with being a teacher. Now I am looking forward to my final formal jazz concert next week. We'll have some great local jazz musicians, former students, colleagues, elephants, pirates... and then, when all of that is done, there will be fond memories and precious time to take on new projects!

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#2855087 - 05/12/17 08:21 PM Re: OT - Retirement. [Re: RABid]
SteveCoscia Offline
Gold Member

Registered: 01/26/12
Posts: 527
Loc: Philadelphia, PA USA
Retirement is a blurred line - I'm 63 and self-employed. Not sure when I will retire.

During the last two years, I have worked less, raised my consulting fees and developed passive revenue with online education lessons. I am happier, gross revenue is up and I am working less.

I can stay with this trend for another five or ten years. The nice thing about self-employment is the freedom to work much or a little.

Big retirement priorities are good health and mobility.
_________________________
Steve Coscia
https://soundcloud.com/steve-coscia

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#2855160 - 05/13/17 03:27 PM Re: OT - Retirement. [Re: SteveCoscia]
ITGITC? Offline
Grand Poobah of Posting
10k Club

Registered: 12/18/02
Posts: 17417
Loc: USA

Congrats RABid! thu

Below is an interesting take-away from a 2014 Gallup.com article.

KLONK FOR THE ARTICLE

The average age at which non-retired Americans expect to retire is 66.

The average age at which U.S. retirees report retiring (in 2014) is 62.

Life is short.

Have fun while you're young. cool
_________________________
"Music expresses that which cannot be put into words and that which cannot remain silent. - Victor Hugo

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#2855171 - 05/13/17 05:31 PM Re: OT - Retirement. [Re: ITGITC?]
NoahZark Offline
MP Hall of Fame Member

Registered: 11/06/05
Posts: 3590
Loc: Maryland, USA
Congrats on your retirement, RABid!

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#2855233 - 05/14/17 08:29 AM Re: OT - Retirement. [Re: SteveCoscia]
KeyMoe Offline
Platinum Member

Registered: 01/11/09
Posts: 1159
Loc: Texas
I am 58 and thinking about retiring. Not worried about being busy as I have plenty to do and a decent pension coming. I am concerned about affordable healthcare as I am a diabetic. Any one have any advice on healthcare?

Congratulations Rabid!!


Edited by KeyMoe (05/14/17 08:30 AM)
_________________________
Montage 8, Mojo 61, PC-3, ES-7, CX3, XK-3c Pro, XV-88, Fantom X-7, Kronos 88, Hammond SK-1, Motif XF- 7, PC361, Hammond SK-2, Roland FR-1, FR-1X, Hammond B3 - Blond, Hammond BV -Cherry

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#2855247 - 05/14/17 11:03 AM Re: OT - Retirement. [Re: KeyMoe]
mate stubb Offline
10k Club

Registered: 10/26/03
Posts: 14915
Originally Posted By: KeyMoe
Any one have any advice on healthcare?


<Deafening silence>

That's the giant gorilla in the room.
_________________________
Moe
---
hardware: "If you can't play a real Hammond w/ a Leslie a clone won't be much help."

http://www.hotrodmotm.com

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#2855261 - 05/14/17 01:26 PM Re: OT - Retirement. [Re: mate stubb]
KeyMoe Offline
Platinum Member

Registered: 01/11/09
Posts: 1159
Loc: Texas
Originally Posted By: mate stubb
Originally Posted By: KeyMoe
Any one have any advice on healthcare?


<Deafening silence>

That's the giant gorilla in the room.

I know. Pretty scary stuff!
_________________________
Montage 8, Mojo 61, PC-3, ES-7, CX3, XK-3c Pro, XV-88, Fantom X-7, Kronos 88, Hammond SK-1, Motif XF- 7, PC361, Hammond SK-2, Roland FR-1, FR-1X, Hammond B3 - Blond, Hammond BV -Cherry

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#2855275 - 05/14/17 04:59 PM Re: OT - Retirement. [Re: mate stubb]
RABid Offline
10k Club

Registered: 11/01/01
Posts: 11888
Originally Posted By: KeyMoe
Any one have any advice on healthcare?


I've spent my years working for a not-for-profit organization at a much lower pay rate than I would have gotten in the private sector. One benefit is the agency is in the state retirement system. My 27 years gives me full insurance upon retirement. A BIG benefit.
_________________________
This post edited for speling.

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#2855276 - 05/14/17 05:56 PM Re: OT - Retirement. [Re: RABid]
KeyMoe Offline
Platinum Member

Registered: 01/11/09
Posts: 1159
Loc: Texas
Originally Posted By: RABid
Originally Posted By: KeyMoe
Any one have any advice on healthcare?


I've spent my years working for a not-for-profit organization at a much lower pay rate than I would have gotten in the private sector. One benefit is the agency is in the state retirement system. My 27 years gives me full insurance upon retirement. A BIG benefit.


Huge!!!! That's awesome!
_________________________
Montage 8, Mojo 61, PC-3, ES-7, CX3, XK-3c Pro, XV-88, Fantom X-7, Kronos 88, Hammond SK-1, Motif XF- 7, PC361, Hammond SK-2, Roland FR-1, FR-1X, Hammond B3 - Blond, Hammond BV -Cherry

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#2855299 - 05/14/17 08:38 PM Re: OT - Retirement. [Re: KeyMoe]
Piktor Offline
Senior Member

Registered: 01/04/11
Posts: 275
Loc: Edmonton, Canada
Sorry that I don't have any advice regarding health care either. Because of my teachers' association, my wife's coverage and my governments, I almost don't have to think about it. I am grateful that I have some good options.

RABid, sorry that I forgot my manners in my first post. Congratulations to you.

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#2855360 - 05/15/17 10:12 AM Re: OT - Retirement. [Re: SteveCoscia]
B3Squeeze Offline
Member

Registered: 04/19/17
Posts: 3
Loc: CT
I retired early due to downsizing at my company. That was five years ago. I am 65 now and although the loss of income was a hit, the time I have spent with my family and friends as well as playing music have been worth it. You just don't know how many years are ahead of you so enjoy the present.

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#2855370 - 05/15/17 11:44 AM Re: OT - Retirement. [Re: Legatoboy]
p19978 Offline
Senior Member

Registered: 05/12/12
Posts: 58
Loc: KY
According to Fidelity, the average retiree (starting at age 62) will spend $250k over their life expectancy on health care.

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#2855905 - 05/17/17 06:01 PM Re: OT - Retirement. [Re: p19978]
KeyMoe Offline
Platinum Member

Registered: 01/11/09
Posts: 1159
Loc: Texas
Originally Posted By: p19978
According to Fidelity, the average retiree (starting at age 62) will spend $250k over their life expectancy on health care.


Wow, that's an alarming number!!!
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Montage 8, Mojo 61, PC-3, ES-7, CX3, XK-3c Pro, XV-88, Fantom X-7, Kronos 88, Hammond SK-1, Motif XF- 7, PC361, Hammond SK-2, Roland FR-1, FR-1X, Hammond B3 - Blond, Hammond BV -Cherry

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#2856000 - 05/18/17 12:33 PM Re: OT - Retirement. [Re: RABid]
simajanpa Offline
Senior Member

Registered: 07/12/13
Posts: 228
Loc: Rhode Island
Congrats RABid! Fully enjoy whatever you choose to do from now on.
I too just retired a couple of months ago @ 66, my wife is a year younger and I had to wait until we both could get on Medicare. Hated my job, and couldn't wait to get the F out of there. Not bored in the least bit and never will be. Just build a Tiny House with my son and delivered it to Vermont. Between his propertys and mine...and cars....and music etc. there will always be something for me to work on.
Although I don't own an electronic keyboard, I did spring for a tune job on my old baby grand that's just been living room "furniture" for the last 25 years. Amazingly, it came back pretty well. Now I have something to fiddle on while I await the arrival of the Nord Stage 3 73.

Cheers
Paul
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#2856078 - 05/19/17 01:11 AM Re: OT - Retirement. [Re: simajanpa]
cphollis Offline
Platinum Member

Registered: 10/05/13
Posts: 1740
Loc: Massachussets, Florida
Yeah, healthcare is the bugaboo in the room. I'm not expecting a deal, as I am older and my healthcare expenses are appropriately higher. As far as 58-year old farts go, I'm obscenely healthy, but you can't fight demographics.

So when wifey and me sit down to plan retirement, we have a nice big chunk allocated for healthcare expenses. Although that's not my goal, I could pay my own way if I had to.

Suck it up.
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Life is too short to be playing bad music.

Keys: Nord Stage 2, Piano 2, Electro 4D
Practice: Yam N3, Bosie 200 Klimt Model
Amps: FA 12acs, RCF TT08as, QSC Ks, SSv3
Stuff: Spider Pro, MG06, etc.

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#2856176 - 05/19/17 01:42 PM Re: OT - Retirement. [Re: cphollis]
B3bluesman59 Offline
Platinum Member

Registered: 01/23/07
Posts: 1209
Loc: La Quinta,CA
I retired at 59 and was not old enough for Medicare at the time. However as a member of the AF of M Musicians Union I signed up for their medical and dental insurance which was affordable. Not all locals do have plans but if you need insurance you could check with the union in your area. Even by joining and paying the initiation fee and monthly dues it would still probably be cheaper than just signing up for insurance with any company. As I recall the union plan also included coverage for pre-existing conditions. Group rates are always much lower than buying an individual plan.

And having insurance is a must. I was one of those "never been sick a day in my life" kind of guys. Not long after signing up for Medicare I had my gall bladder go bad resulting in serious complications. By the time I was finally well again 90 days later the doctors and hospital bills totaled about $780K!! When I signed up for Medicare I also got a supplemental policy thru AARP that paid for things that were not covered by Medicare. I paid zero dollars, came out of it with no continuing problems, feel great, still gigging. I was very fortunate in many ways.


Edited by B3bluesman59 (05/19/17 01:53 PM)

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#2856187 - 05/19/17 03:08 PM Re: OT - Retirement. [Re: B3bluesman59]
The Real MC Online   content
MP Hall of Fame Member

Registered: 05/17/05
Posts: 4398
Loc: Secluded Tranquil NY Wine Coun...
54, still working and healthy, and planning for retirement in about 15 years. That's long enough to vest in health care through my employer when I retire, but I'm not taking that for granted as IBM promised that to my father then when ACA became law IBM dumped all their retirees onto Medicare.

For the last two years I had been involved with elder care with my parents and I got an education in Medicare and the supplemental plans.

I'm currently in NY but want to move someplace less expensive when I retire. And warmer - I don't want to be clearing snow and paying for heating bills when I retire. Kentucky or Tennessee look ideal - any suggestions?

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#2856228 - 05/19/17 06:45 PM Re: OT - Retirement. [Re: The Real MC]
cphollis Offline
Platinum Member

Registered: 10/05/13
Posts: 1740
Loc: Massachussets, Florida
Originally Posted By: The Real MC
54, still working and healthy, and planning for retirement in about 15 years. That's long enough to vest in health care through my employer when I retire, but I'm not taking that for granted as IBM promised that to my father then when ACA became law IBM dumped all their retirees onto Medicare.

For the last two years I had been involved with elder care with my parents and I got an education in Medicare and the supplemental plans.

I'm currently in NY but want to move someplace less expensive when I retire. And warmer - I don't want to be clearing snow and paying for heating bills when I retire. Kentucky or Tennessee look ideal - any suggestions?


Florida.

Seriously. I'm not retired, got down here early on, but it seems like Retiree Heaven near as I can figure. Lots of different warm locales depending on your interests and budget.

I live in a beach enclave which doesn't suck. The music scene is reasonable, with some effort. The year-round outdoor lifestyle rocks.
_________________________
Life is too short to be playing bad music.

Keys: Nord Stage 2, Piano 2, Electro 4D
Practice: Yam N3, Bosie 200 Klimt Model
Amps: FA 12acs, RCF TT08as, QSC Ks, SSv3
Stuff: Spider Pro, MG06, etc.

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#2856559 - 05/21/17 04:59 PM Re: OT - Retirement. [Re: RABid]
icarusi Offline
Senior Member

Registered: 05/18/02
Posts: 333
Loc: UNITED KINGDOM
After you retire you wonder how you found the time for a day job. OTOH other folks think you must be just kicking your heels, and always available to fit into their timetable. Ok, it's usually easier for me to reschedule, but then it can start becoming the norm, so you have to draw a line.


Edited by icarusi (05/21/17 05:00 PM)

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#2856562 - 05/21/17 05:36 PM Re: OT - Retirement. [Re: icarusi]
cphollis Offline
Platinum Member

Registered: 10/05/13
Posts: 1740
Loc: Massachussets, Florida
Yeah, I can imagine how non-retirees might think that you have unlimited time at their disposal. Sorry, doesn't work that way. The same time scheduling discipline learned in the working world will surely cary over.

And I'm NOT babysitting the grandkids.

OK, maybe once in a while smile
_________________________
Life is too short to be playing bad music.

Keys: Nord Stage 2, Piano 2, Electro 4D
Practice: Yam N3, Bosie 200 Klimt Model
Amps: FA 12acs, RCF TT08as, QSC Ks, SSv3
Stuff: Spider Pro, MG06, etc.

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