Advertise on Bikeforums.net



User Tag List

Page 1 of 2 12 LastLast
Results 1 to 25 of 28
  1. #1
    His Brain is Gone! Tom Bombadil's Avatar
    Join Date
    Sep 2006
    Location
    Paoli, Wisconsin
    My Bikes
    RANS Stratus, Bridgestone CB-1, Trek 7600, Sun EZ-Rider AX, Fuji Absolute 1.0, Cayne Rambler 3
    Posts
    9,980
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    I'm 25% Retired, which means 62% more time for riding

    I just signed the papers to reduce my work assignment to 75%, effective March 1. Had originally planned to work 100% until I turned 60, but I didn't even make it to 55. My pension is going to take a beating, but I got to the point where every 5-day work week was a grind, for month after month. Taking the 25% pay cut isn't the easiest thing to do, but we think we can get by. If it turns out that we can't, there's a very good chance I can bump it back to 90% or 100%.

    I will be working 15 days out of every 20 normal work days. So that's 25% fewer days at work.

    And where I would normally have 8 days off out of every 4 weeks, I will now have 13 days off. So that's 62.5% more days for riding (or hiking or whatever).

    So I'm waiting anxiously for March. Days getting longer & warmer, and now much more time off. Not so much nicer & warmer that I'll get much chance to get out for a few more weeks, but hopefully there will be the occasional decent (40 & dry) day to ride.
    "Too often I would hear men boast of the miles covered that day, rarely of what they had seen." Louis L'Amour

    There are two types of road bikers: bikers who are faster than me, and me. Bruce Cameron - Denver Post

  2. #2
    Senior Member lubers's Avatar
    Join Date
    Feb 2006
    Location
    Wisconsin
    My Bikes
    Cannondale T800, Cannondale ST400, Trek 520
    Posts
    335
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I just got laid off last month so my pension really is taking a beating also, doesn't seem to be any jobs out there either. I'm also looking forward to warmer weather to start riding again. Only good news is I finished both the builds I was doing and have the one tour I signed up for paid, with some money in savings yet for maybe another.
    Last edited by lubers; 02-18-09 at 08:43 PM.
    Jeff

    Trek 930
    1988 Cannondale ST400

  3. #3
    lube addict
    Join Date
    Jan 2008
    Location
    Central coast California
    My Bikes
    Specialized FSR-XC, Optima Baron, Bianchi Pista, Strida 5.0
    Posts
    515
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I'm self-employed. Business is down so low that I'd lay myself off but the boss has a soft spot for me.

  4. #4
    His Brain is Gone! Tom Bombadil's Avatar
    Join Date
    Sep 2006
    Location
    Paoli, Wisconsin
    My Bikes
    RANS Stratus, Bridgestone CB-1, Trek 7600, Sun EZ-Rider AX, Fuji Absolute 1.0, Cayne Rambler 3
    Posts
    9,980
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I left out one part of my master plan. Our state system allows one to accrue "sabbatical" leave. After you have 10 years in, you can "bank" 5 days of vacation every year, to be used at some future date, never expiring. I presently have 42 days of "banked" vacation.

    So I'm going to start using it by blending vacation into my work schedule. As I explained above, I will be paid for 15 days out of every 20 work days. I will be using these in a 4-4-4-3 rotation. Three weeks out of four will have a 3-day weekend, the fourth is a 4-day weekend.

    But wait ... We also get 9 paid holidays. So if I schedule my 3 day work weeks into weeks with holidays, which I can do for 7 of the 9 holidays, then that's only 2 work days on those 7 weeks. So if I wanted to take a week off every month of the year, I could do so by using 2 vacation days for each of those 7 weeks and 3 vacation days for 5 more weeks. I would need to use 29 per year.

    I have 42 in the bank, and will get 19 more per year at a 75% assignment. So if you do the math, I need to use 10 "banked" vacation days a year to supplement the 19 that I get. No problem when I have 42.

    Thus I can go to a schedule where I will work 4 days, take a 3 day weekend, work 4 days, take a 3 day weekend, work 4 days, and then take a 10-day vacation. And then repeat that every month for the next 3 years (anticipated retirement date is early 2012).

    It sounds glorious. I'm already hard at work, planning what I might do with all of those 10-day breaks. Of course, I'm more limited on travel funds, due to the 25% pay cut. Sure wouldn't mind having a small rustic cabin in some scenic location near a bike trail - but that is unlikely. A tent might be doable.
    "Too often I would hear men boast of the miles covered that day, rarely of what they had seen." Louis L'Amour

    There are two types of road bikers: bikers who are faster than me, and me. Bruce Cameron - Denver Post

  5. #5
    Ride Daddy Ride Jet Travis's Avatar
    Join Date
    Feb 2007
    Location
    Villa Incognito
    My Bikes
    1983 Trek 720; 1983 Trek 620; 1989 Gi Cannondale Bad Boy Ultra; LeMond Victoire; Bike Friday Pocket Rocket Pro
    Posts
    2,648
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Tom Bombadil View Post
    Had originally planned to work 100% until I turned 60, but I didn't even make it to 55.
    I always thought of you as a role model. Now you're my hero. Congratulations!
    "Light it up, Popo." --Levi Leipheimer

  6. #6
    Small Member maddmaxx's Avatar
    Join Date
    Nov 2003
    My Bikes
    Leader home built hardtail, Diamondback Response
    Posts
    7,079
    Mentioned
    4 Post(s)
    Tagged
    1 Thread(s)
    Hmmmm.........2012? Isn't something bad supposed to happen then?

  7. #7
    Senior Member RepWI's Avatar
    Join Date
    Oct 2008
    Posts
    414
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Congratulations Tom

    I retired almost two years ago at age 57. One day my wife looked at me and said, why don't you retire? I had not thought of that at all and did not consider it an option. But we looked into it further.

    We never got into that cycle of credit cards and living on borrowed money. I quit smoking. I now take care of many household tasks we had hired out and I cook more meals at home then we ever did before.

    I then returned to cycling and run most family errands on a bike, year round. And I brew my own beer.

    Life is good. You have just enhanced yours.
    1974 Mizutani Super Seraph Road Bike
    2010 Surly Long Haul Trucker

  8. #8
    Me and the cat... Pamestique's Avatar
    Join Date
    Jun 2006
    Location
    Tustin, CA
    My Bikes
    2002 Lemond Zurich, 2006 Santa Cruz Superlight, 2010 Landshark, 2012 Santa Cruz Juliana, 2014 Juliana Premiero Origin 29er and last but not least, the "Frankenweenie"!
    Posts
    4,449
    Mentioned
    8 Post(s)
    Tagged
    0 Thread(s)
    HATE YOU!!!

    No just kidding. I'M JEALOUS!!! (not kidding)

    I dream for the days when I am retired and can ride daily. Sadly that won't be until I am 80 or so...

    Go enjoy, tell us all about, I won't mind.... no not a bit... really...

    actually congratulations... how cool and I'm sure you deserve it!
    ______________________________________________________________

    Private docent led mountain bike rides through Limestone Canyon. Go to letsgooutside.org and register today! Also available: hikes, equestrian rides and family events as well as trail maintenance and science study.

  9. #9
    Email for new group DnvrFox's Avatar
    Join Date
    Aug 2001
    Location
    Send email to dnvrfox@aol.com for new group
    Posts
    20,886
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    Which 25% of you is retired?

    Hey folks, here is another option. Pedal (and peddle) while you work!

    Gone from the 50+ forum. - Email me at dnvrfox@aol.com for fun new group of 50+ folks

  10. #10
    Old, SLOW bike rider! ;)
    Join Date
    Nov 2008
    Location
    Colorado Springs, CO.
    My Bikes
    1993 Mongoose Switchback MTB
    Posts
    1,849
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    LOL, Sign me UP! Now that's a job I'd like to have, guess they don't have such cool set up's down here in "hicksville", (ie: Colorado Springs), although with the way my wife LOVESice cream, she'd probably quit her job and edge me out
    Take care, RIDE SAFE, have FUN!
    B.J. Ondo
    1993 Mongoose Switchback MTB, being converted to a "comfort bike"! :)

  11. #11
    tsl
    tsl is offline
    Plays in traffic tsl's Avatar
    Join Date
    May 2006
    Location
    Rochester, NY
    My Bikes
    1996 Litespeed Classic, 2006 Trek Portland, 2013 Ribble Winter/Audax
    Posts
    6,438
    Mentioned
    8 Post(s)
    Tagged
    0 Thread(s)
    I'm 52 and have worked half-time since my mid-40s. It's a good, union-scale government job. I couldn't do it at minimum wage.

    I'm so much happier without the 40-hour 8-5 grind.
    My two favorite things in life are libraries and bicycles. They both move people forward without wasting anything.
    The perfect day: Riding a bike to the library.—Peter Golkin


    Lucky for me, I work at a library and bike to work.

  12. #12
    Senior Member Terrierman's Avatar
    Join Date
    Oct 2006
    Location
    SWMO
    Posts
    3,141
    Mentioned
    3 Post(s)
    Tagged
    0 Thread(s)
    Congratulations Tom. I thought I did good by getting another week of vacation this year. I have four weeks of real vacation, plus two use or lose personal days, plus ten paid holidays, for a total of thirty two days I get paid not to work. I'm jealous of your situation, but not going to complain about mine either. Enjoy all of that extra riding time in good health.
    It's all downhill from here. Except the parts that are uphill.

  13. #13
    Senior Member George's Avatar
    Join Date
    Jul 2006
    Location
    Katy Texas
    My Bikes
    Specialized Roubaix
    Posts
    5,271
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    Even retiring at 62, I took a 23% reduction in benefits, but I'm glad I did. I wish I could have went sooner. The one thing I'm a little concerned about now is, will I take another cut the way the economy is going.
    George

  14. #14
    rck
    rck is offline
    Senior Member rck's Avatar
    Join Date
    Aug 2005
    Location
    monroe (sw) wi
    My Bikes
    cannondale 400st, dean el diente, specialized hybrid
    Posts
    1,185
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Congrats Tom! I "retired" at 55 although I still work 2 days weekly. Oddly enough, I think that I would prefer 3 days weekly. I work tues. and wed. and find that having 5 days off between work "weeks" makes it hard to keep a flow established. For a while I also worked fri. and found that that was actually pretty nice. It helped keep me in sync at work without making me dislike it. Anyone else have that problem?

  15. #15
    His Brain is Gone! Tom Bombadil's Avatar
    Join Date
    Sep 2006
    Location
    Paoli, Wisconsin
    My Bikes
    RANS Stratus, Bridgestone CB-1, Trek 7600, Sun EZ-Rider AX, Fuji Absolute 1.0, Cayne Rambler 3
    Posts
    9,980
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I'm very hopeful that somewhere along the line, my enthusiasm for work is rejuvenated. I have a very good job, a good boss, I have a very independent assignment, and the work is interesting. Or at least it should be and 5 years ago it would have been. I even have a 3-year contract, during which it would be very difficult to terminate me, unless I commit some grievous act or the state budget collapses. Given that I worked on several complex personnel issues over the years, I know the personnel rules very well.

    But I got ground up in a number of high-stress upper management situations (reference the personnel issues above), combined with stressful personal situations going on simultaneously, both extending over a multi-year period, and haven't recovered from it yet. Sure wish I do sometime soon. I am starting to see some signs of recovery and am hopeful that the reduced work schedule will help.

    If not, then I may continue to ease off on my assignment, slide it down to 70% (which is a nice 4-3-4-3 pattern), or 60%. Technically I am eligible to retire in 10 months, but financially that would be very difficult. I need to get in at least 18-20 months, with 30-36 being much better.

    I too have conservatively managed my finances. I'm within 4 years of paying off my mortgage, on a 5% loan. That is my only debt, which really isn't a debt as I have over $200,000 in equity in the home over and above the outstanding loan payoff. This certainly is a comfort at this point in time, given both my job situation and the state of our economy.
    "Too often I would hear men boast of the miles covered that day, rarely of what they had seen." Louis L'Amour

    There are two types of road bikers: bikers who are faster than me, and me. Bruce Cameron - Denver Post

  16. #16
    His Brain is Gone! Tom Bombadil's Avatar
    Join Date
    Sep 2006
    Location
    Paoli, Wisconsin
    My Bikes
    RANS Stratus, Bridgestone CB-1, Trek 7600, Sun EZ-Rider AX, Fuji Absolute 1.0, Cayne Rambler 3
    Posts
    9,980
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Pamestique View Post

    I dream for the days when I am retired and can ride daily.
    Like your new moniker.

    I doubt I will ever be a daily rider, but at this point in time, I must say that there are few other activities that even come close to being as relaxing and peaceful as a nice ride. A nice walk / hike along the edge of the Grand Canyon or in the Rockies or in a redwood forest is in the same league.

    I once spent a week at a cabin in Allenspark, CO. This is about 12 miles or so south of Estes Park, along the scenic ridge. Altitude was around 8500'. This was in late September and the height of the fall colors. The mountains were a beautiful blend of greens (from the spruces and firs) and golden aspen. The cabin had an outdoor hot tub. There was a wonderful cafe just up the road and the southern entrance to Rocky Mountain National Park was about 3 miles away. Being that it was fall, the elk were in migration and herds of them were milling about - sometimes blocking the highway for half an hour.

    The net effect was a level of relaxation that was intoxicating, almost surreal. I really should do that again. Life should have more moments like this.
    Last edited by Tom Bombadil; 02-19-09 at 11:16 AM.
    "Too often I would hear men boast of the miles covered that day, rarely of what they had seen." Louis L'Amour

    There are two types of road bikers: bikers who are faster than me, and me. Bruce Cameron - Denver Post

  17. #17
    Senior Member BengeBoy's Avatar
    Join Date
    Jul 2007
    Location
    Seattle, Washington, USA
    My Bikes
    2009 Chris Boedeker custom, 1988 Tommasini Prestige, 2007 Bill Davidson custom, 1985 Univega Gran Turismo; 1988 Specialized Stumpjumper
    Posts
    6,920
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Tom Bombadil View Post
    it would be very difficult to terminate me, unless I commit some grievous act .
    Shhhh, don't tell them you ride a recumbent.

  18. #18
    Senior Member NOS88's Avatar
    Join Date
    Mar 2006
    Location
    Montgomery County, Pennsylvania
    Posts
    6,417
    Mentioned
    2 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Tom Bombadil View Post
    ...
    So I'm waiting anxiously for March. Days getting longer & warmer, and now much more time off. Not so much nicer & warmer that I'll get much chance to get out for a few more weeks, but hopefully there will be the occasional decent (40 & dry) day to ride.
    I think you mean eagerly. At least that's what I'd be doing.
    A conclusion is the place where you got tired of thinking. - S. Wright

  19. #19
    His Brain is Gone! Tom Bombadil's Avatar
    Join Date
    Sep 2006
    Location
    Paoli, Wisconsin
    My Bikes
    RANS Stratus, Bridgestone CB-1, Trek 7600, Sun EZ-Rider AX, Fuji Absolute 1.0, Cayne Rambler 3
    Posts
    9,980
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by NOS88 View Post
    I think you mean eagerly. At least that's what I'd be doing.
    That's a better word choice, but I think it is a combination of the two, along with a touch of "desperately."
    "Too often I would hear men boast of the miles covered that day, rarely of what they had seen." Louis L'Amour

    There are two types of road bikers: bikers who are faster than me, and me. Bruce Cameron - Denver Post

  20. #20
    Senior Member NOS88's Avatar
    Join Date
    Mar 2006
    Location
    Montgomery County, Pennsylvania
    Posts
    6,417
    Mentioned
    2 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Tom Bombadil View Post
    That's a better word choice, but I think it is a combination of the two, along with a touch of "desperately."
    If it turns out to work for you, then you are indeed a lucky man. I'm preparing to have several conversations with my wife in the near future about us living a more simple lifestyle so we can do the things we really want to do.
    A conclusion is the place where you got tired of thinking. - S. Wright

  21. #21
    Senior Member
    Join Date
    Dec 2001
    Posts
    4,866
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    That's how I got started in this retirement business, by working less and less. Although on my plan, the company didn't know I was on my plan.
    Last edited by Louis; 02-19-09 at 03:19 PM.

  22. #22
    His Brain is Gone! Tom Bombadil's Avatar
    Join Date
    Sep 2006
    Location
    Paoli, Wisconsin
    My Bikes
    RANS Stratus, Bridgestone CB-1, Trek 7600, Sun EZ-Rider AX, Fuji Absolute 1.0, Cayne Rambler 3
    Posts
    9,980
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by NOS88 View Post
    If it turns out to work for you, then you are indeed a lucky man. I'm preparing to have several conversations with my wife in the near future about us living a more simple lifestyle so we can do the things we really want to do.
    If I didn't have a 16 yr old, still a junior in HS, and not beginning college until 18 months from now, I would be taking a different tack.
    "Too often I would hear men boast of the miles covered that day, rarely of what they had seen." Louis L'Amour

    There are two types of road bikers: bikers who are faster than me, and me. Bruce Cameron - Denver Post

  23. #23
    Senior Member Timtruro's Avatar
    Join Date
    Nov 2007
    Location
    North Truro, MA
    My Bikes
    '12 Salsa Casseroll...Pepé.
    Posts
    1,548
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    retired Jan 1. First two rides of the year last weekend, just too icy and cold. Looking forward to the warmer weather as well. shouldn't be too long now. Enjoy the free time. Money isn't everything as you well know Tom.
    "If there are no cigars in heaven, I shall not go." -Mark Twain

    '12 Salsa Casseroll (Pepé)
    '09 Specialized Roubaix Elite (Black Stallion)
    '89 Puegeot Bordeaux (Big Blue)
    '08 Specialized Sirrus Comp (Shadow)
    '06 Trek Navigator 500 (The Beast)

  24. #24
    Ride Daddy Ride Jet Travis's Avatar
    Join Date
    Feb 2007
    Location
    Villa Incognito
    My Bikes
    1983 Trek 720; 1983 Trek 620; 1989 Gi Cannondale Bad Boy Ultra; LeMond Victoire; Bike Friday Pocket Rocket Pro
    Posts
    2,648
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Louis View Post
    That's how I got started in this retirement business, by working less and less. Although on my plan, the company didn't know I was on my plan.
    If Tom B. is my hero, you are my soulmate. Just don't tell my boss. Or my wife.
    "Light it up, Popo." --Levi Leipheimer

  25. #25
    Senior Member brokenknee's Avatar
    Join Date
    Aug 2008
    Location
    MN
    My Bikes
    Trek 800
    Posts
    252
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by DnvrFox View Post
    Which 25% of you is retired?

    Hey folks, here is another option. Pedal (and peddle) while you work!

    That would be my brain! Unfortunately I still have to go to work forty hours a week.
    Clarity to Agreement (Dennis Prager)

    alot? a lot.

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •