Dutch Uncle
* Tertia Optio * Defend the Constitution
Disagreed on the timetable. I'm saying he was mentally ill, perhaps schizophrenia, and had to retire on disability due to his illness. For all we know he tried to burn a restaurant down or threw flaming cooking oil on someone else in a schizophrenic rage.That is the real reason I am terrified of retiring. He stays home all day, only interacting with the outside world through the internet, and it drove him insane. I worry if I retire, a lessor version of that would happen to me.
He is seriously mentally ill. Not just an alcoholic or a little depressed.
As for retirement, one major lesson comes to me: people who retire after 20 years can either retire to a life of leisure or start a second career, even if only a low-pay working for a charity or self-employed consultant. People who retire after 30 years tend to have their self-identity wrapped up in their career. Too old to start over, they tend to go downhill faster than those who spread their wings a bit after retiring earlier.
I'd been forced into career changes three times, all related careers, but still life-changes. I planned to retire at age 65. COVID turned that into retirement at age 64 and I am perfectly happy with it. I have hobbies and, before my illnesses this year slowed me down, worked as a volunteer with the Civil Air Patrol. All kept me busy.
FWIW, the biggest mistake people make is retiring in debt. Plan for it, both financially and lifestyle wise, is the best advice I can offer.