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-   -   Officially Retired! (http://forums.pelicanparts.com/off-topic-discussions/452754-officially-retired.html)

cgarr 01-22-2009 07:27 AM

Officially Retired!
 
This sure makes you feel old!! Just sent in all the paper work to start pulling the pension from decades of work at Aetna Life & Casualty, Wow what a deal, back then I never contributed anything, you work for them and at age 50 plus one month they start sending you cash, Now to figure out what to do with the money? I have some plans, one is a nice big life policy to protect the family should I kick!

Oh I am still working but it sure makes it a lot easier now!:D

126coupe 01-22-2009 07:58 AM

Congrats!

ruf-porsche 01-22-2009 07:59 AM

Yeah, I retire 8-1/2 years ago and been taking my pension. Besides the pension my retire benefits includes health benefits for me and if I wanted to pay, health benefits for my family.

Up until last last year I was still working full time. The pension money was use to fund my 401K plans. If I don't find another job this year I'm going on pension full time and start withdrawing money from my 401 and 457 plans.

Congrats.

Don Plumley 01-22-2009 08:08 AM

What is this "pension" that you speak of? :D

lendaddy 01-22-2009 08:09 AM

Pension? Is that a French word or something?

vash 01-22-2009 08:15 AM

i wish we could live backwards...when we were young and full of energy, we were broke. i am talking 18 years old stuff.

congrats buddy. i have maybe 30 years to go...then my pension goes on line also...yippee.

Ronbo 01-22-2009 08:21 AM

Congratulations! Six years to go for me...

crustychief 01-22-2009 08:24 AM

Congratulations and welcome to the pasture!

cgarr 01-22-2009 08:29 AM

When I started working there in 1975 I was 16 years old and never thought about retirement at 16, then in the early 80's I got in a program they called "incentive savings" where they matched you 100% this was before the 401k savings plans and that plan is still growing too. Also they had an option to buy EE savings bonds, payroll deducted so I bought one $100 bond a week for several years and have a whole box full of these bonds, believe or not the damn things are still pulling like six percent

LakeCleElum 01-22-2009 08:53 AM

Craig - Welcome to the club. You were very smart to invest at that young age. Now you reap the benefits. I worked 10 yrs in my career before I started in the 401K. You retired at 50, I had to wait till 52.........

osidak 01-22-2009 09:08 AM

if all goes as planned (looking unlikely) I can retire at 55 which is just 20 years away

Seahawk 01-22-2009 10:02 AM

Retired from the Navy last October and started a company with my best friend (also retired Navy, F-14 guy, Top Gun instructor: the fact that the H-60 knucklehead and the fighter working as one is truly cats and dogs).

We're doing well but the knowledge that unless the country falls apart I'll have a very nice retirement package has made the transition very smooth...

Or not:eek:

dtw 01-22-2009 10:55 AM

Congrats, Craig!

Vintage Racer 01-22-2009 10:56 AM

Quote:

Originally Posted by cgarr (Post 4434370)
Just sent in all the paper work to start pulling the pension from decades of work at Aetna Life & Casualty.....

Craig,
Congratulations. I also retired early (but with savings and no pension). I owned a insurance agency that actually sold Aetna products. That was until you decided to be a health insurance company rather than a P&C company. You threw me out like a relative that has stayed too long. :D

Anyway, I sold the insurance agency and started a money manager firm. I sold it 2 years ago. I was always self-employed (hence, no pension).

Best of luck in your future. I now realize that working is a waste of time. Life is short.

BGCarrera32 01-22-2009 10:57 AM

Unless I hit it big I've got like 30+ years to go...

All the best and enjoy!
BG

pwd72s 01-22-2009 11:04 AM

#Welcome to the old fart gruppe. It'll take some time, but you'll get used to it. I no longer use an alarm clock, and often wonder why I wear a wristwatch. You'll also quickly pick up on the art of avoiding crowds...do your shopping during weekdays, etc.

cgarr 01-22-2009 12:04 PM

Quote:

Originally Posted by pwd72s (Post 4434936)
#Welcome to the old fart gruppe. It'll take some time, but you'll get used to it. I no longer use an alarm clock, and often wonder why I wear a wristwatch. You'll also quickly pick up on the art of avoiding crowds...do your shopping during weekdays, etc.

NO NO NO! I am still working and love my job in the food industry, its just now I know I don't have to work if I don't want too: The Insurance Company wanted to send me to Cleveland OH back in 95 and I said no thanks, so they paid me for a year and I picked up my current job the next day I was out "right sized out of a job"

targa911S 01-22-2009 12:17 PM

Congrats bud! I retired two years ago at 55, and have not looked back once. It was a BIG transition for me being home all day with nothing to do but what I wanted to do. Moving helped.

Just wait and see how big your "Honey Do" list gets!

two words..."FIXED INCOME"

azasadny 01-22-2009 03:06 PM

Craig,
Congrats! It's nice to hear some good news nowadays!

Joeaksa 01-22-2009 03:22 PM

Congrats! Hopefully I can do the same in another 5 years!


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