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abit off center
 
cgarr's Avatar
 
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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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Old 01-22-2009, 07:27 AM
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Congrats!
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Old 01-22-2009, 07:58 AM
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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.
Old 01-22-2009, 07:59 AM
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What is this "pension" that you speak of?
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Old 01-22-2009, 08:08 AM
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Pension? Is that a French word or something?
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Old 01-22-2009, 08:09 AM
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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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Old 01-22-2009, 08:15 AM
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Congratulations! Six years to go for me...
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Old 01-22-2009, 08:21 AM
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Congratulations and welcome to the pasture!
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Old 01-22-2009, 08:24 AM
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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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Old 01-22-2009, 08:29 AM
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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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Old 01-22-2009, 08:53 AM
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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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Old 01-22-2009, 09:08 AM
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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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Last edited by Seahawk; 01-22-2009 at 10:06 AM..
Old 01-22-2009, 10:02 AM
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dtw dtw is offline
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Congrats, Craig!
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Old 01-22-2009, 10:55 AM
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Quote:
Originally Posted by cgarr View Post
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.

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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Old 01-22-2009, 10:56 AM
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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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Old 01-22-2009, 10:57 AM
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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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Old 01-22-2009, 11:04 AM
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Quote:
Originally Posted by pwd72s View Post
#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"
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Old 01-22-2009, 12:04 PM
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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"
Old 01-22-2009, 12:17 PM
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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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Old 01-22-2009, 03:06 PM
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Congrats! Hopefully I can do the same in another 5 years!

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Old 01-22-2009, 03:22 PM
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