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abit off center
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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!
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______________________ Craig G2Performance Twinplug, head work, case savers, rockers arms, etc. |
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Congrats!
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1967 911R "Clone" Race Car 2.0 & 2.5 Twin Plug 1984 Mercedes 500 SEC 1991 Mercedes 420 SEL 1992 Ford F-350 Dually 28' Pace Trailer |
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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. |
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What is this "pension" that you speak of?
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Don Plumley M235i memories: 87 911, 96 993, 13 Cayenne |
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Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
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Pension? Is that a French word or something?
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Cornpoppin' Pony Soldier |
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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.
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poof! gone |
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Join Date: May 2001
Location: Tarzana, CA / Oxnard, CA
Posts: 967
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Congratulations! Six years to go for me...
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Ron '88 Coupe (formerly) |
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Congratulations and welcome to the pasture!
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A nose heavy airplane flies poorly, a tail heavy plane flies once. |
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abit off center
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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
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______________________ Craig G2Performance Twinplug, head work, case savers, rockers arms, etc. |
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Registered
Join Date: May 2004
Location: Lake Cle Elum - Eastern WA.
Posts: 8,417
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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.........
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Bob S. 73.5 911T 1969 911T Coo' pay (one owner) 1960 Mercedes 190SL 1962 XKE Roadster (sold) - 13 motorcycles |
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Join Date: Sep 2000
Location: planet earth
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if all goes as planned (looking unlikely) I can retire at 55 which is just 20 years away
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78 Euro 911sc Targa 03 Hayden SCWDP |
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Join Date: Jul 2004
Location: Maryland
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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
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1996 FJ80. Last edited by Seahawk; 01-22-2009 at 10:06 AM.. |
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GAFB
Join Date: Dec 1999
Location: Raleigh, NC, USA
Posts: 7,842
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Congrats, Craig!
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Several BMWs |
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Quote:
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. ![]() 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.
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1972 Porsche 911 2.4L 2025 Porsche 911 3.8L Turbo 2019 Mustang Shelby GT350 |
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Join Date: Aug 2002
Location: Nanny State
Posts: 3,132
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Unless I hit it big I've got like 30+ years to go...
All the best and enjoy! BG
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'84 Carrera Coupe |
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Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,593
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#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.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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abit off center
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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"
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______________________ Craig G2Performance Twinplug, head work, case savers, rockers arms, etc. |
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Double Trouble
Join Date: Nov 2002
Location: North of Pittsburgh
Posts: 11,705
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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" |
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19 years and 17k posts...
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Craig,
Congrats! It's nice to hear some good news nowadays!
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Art Zasadny 1974 Porsche 911 Targa "Helga" (Sold, back home in Germany) Learning the bass guitar Driving Ford company cars now... www.ford.com |
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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,969
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Congrats! Hopefully I can do the same in another 5 years!
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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