Early (aka Delayed) retirement strategy - not getting rich and getting by is okay

[WorkFE]

I do realize that you can retire and postpone the pension just not sure what the point is.
1. I suppose you could have enough in other income that you don't need it but unless that other income has limits (runs out at 62) why postpone. If it does not run out and is sufficient enough to postpone pension payment, could you not take the pension payment and bank it all over the next 5 years.

2. You plan on getting another job until you're 62, in this case why not keep the job you have and continue to add to the pension %.

I get the whole hit the road sing me a song gypsy vagabond thing just not following the rational. Maybe I need to go back to the threads beginning a read it again. Unless the thread name is changed to "Re: Early (aka Delayed) retirement strategy - not getting rich and getting by is okay until I'm older and I want some additional cushion"

 

[offroad]

Workfe - good idea. $15k x 5 is $75k but then you would not have federal employee health insurance fehb when you retire. See that people tend to freak out about not having having insurance in first world country. Many third world countries get by without it. Another philosophy thing.

 

[konakathy]

Re: Early (aka Delayed) retirement strategy - not getting rich and getting by is ...

Am 52 YO/19 YOS but my plan is to enjoy life as a gypsy vagabond using my technical skills living more on the road. My TSP is high enough to draw a salary off of at 56 MRA+10 ( maybe $30k). That plus the instant $14k a year pension.

Am truly blind to why people need $100k a year to live on. People are fearful of nursing home life, when if you are that level, you are not really existing. But that's philosophy.


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Hit the road and enjoy your life now while you still have a positive attitude, some coin in your purse and your health.

Yes, it's a good idea to save and plan for the future, but if the spirit is calling you to move on and explore the world, then go for it.

Too many people stop themselves from enjoying life from fear of the unknown. Regrets lead to stress, stress leads to dis-ease, but living a happy adventurous life on whatever gets you buy.....that's worth all the money in the world. My philosophy.