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Author: Subject: When not to retire to Baja?
fishbuck
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[*] posted on 3-15-2017 at 08:38 PM
When not to retire to Baja?


Well, I applied for and was approved for a Voluntary Lay Off that the conpany is offering.
Kind of a tinfoil parachute the company occasionlly offers to the employees to try and thin the old people out of the workforce.
My layoff/retirement would have been Apr. 22.
I say would have been because at the last moment I withdrew my request.
This was virtually tailered to me because I turn 58 next month on the 10th and that makes me eligible for full pension.
The dummies here voted out their pension a few years back under the false promise that it would save their jobs. So acrueing pension end last november.
So now that they got 1500 union employees to take VLO rumor has it the real pink slips start next week.
I made it through the last layoff so probably will survive the next.
I chickened out on retiring. I just haven't saved enough and need money for all my fishcamp stuff like a fancy septic tank and a solar system etc. 20Gs right there.
I have watched 2 guys in my little neighborhood make the mistake of retiring too soon. Both have lost their houses and both houses sit abandoned and looted. 1 was the 1st house built in Del Morro and the other the last.
1 guy inherited his house from his dad but didn't have money to keep it. He was breaking into the other houses and selling the stuff in town.
The other is about my age and just flat out had dullosions of grandeur and built a 2 story mansion.
Last I heard of him he is trying to sell it and rents a house in La Salina.
So I'm hoping to learn from their mistakes.
I'm hoping for a trip south soon. But until it looks like another 4-5 years of 50-60 hours and counting my pennies while dreaming of taking trips to middle of nowhere old spanish missions or visiting some of the places I haven't been to yet.
So the morale of the story is be an ant and not a grasshopper. But I gotta tell you that being a grasshopper has been a lot of fun.






"A ship in harbor is safe, but that is not what ships are built for." J. A. Shedd.

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soulpatch
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[*] posted on 3-15-2017 at 08:47 PM


Damn, how much percentile-wise, is a full pension?
58 to 63 is no small nut at 50-60 hours a week.
Good luck!
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bajabuddha
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[*] posted on 3-15-2017 at 08:56 PM


first and foremost, read your own 'signature' at your page bottom. Then put these into play:

No guts, no glory.

He who hesitates is LUNCH.

Grab them by the balls, and their hearts and minds will truly follow.

Do something, even if it's wrong.

Life's too short to drink cheap beer.

Go for it.

Kowabunga, Dude.

Down-size.

Not what you need, but what you can do without.

.... Other than that, I suggest an inexpensive therapist to hash your dilemma over with. I suggest motoged, I hear he works on the sly these days, at least for free beer and pizza. :coolup:




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BajaBlanca
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[*] posted on 3-15-2017 at 09:26 PM


I bet this meandering over what to do really made you lose sleep. It is a very tough decision and I wish it had worked out for you to retire now.



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MitchMan
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[*] posted on 3-16-2017 at 12:45 AM


Consider all factors. Do a good job of budgeting and be what accountants call "conservative", meaning, over estimate your future expenses a bit. Then, retire as soon as you can.

Many people go back to work after they retire because they get bored. But, if you have imagination, love new challenges, love new experiences, are not afraid to learn new skills, not afraid of new languages, and are generally curious about everything, you should find an endless number of projects and endeavors to keep you busy for 5 lifetimes. But, if you have no interests or few if any hobbies, retirement may be a downer for you. The real trick is to turn a hobby into something that makes money for you...now you have arrived.
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fishbuck
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[*] posted on 3-16-2017 at 01:44 AM


This is all great thanks. And yes Blanca it keeps me awake thinking it over.
I just couldn't get past where I had the fantasy of telling the company to take this job and .... and then just driving south. It sounded good but then I pictured myself sitting in my truck on my dirt patch and saying " now what?"
Where would I sleep? How would I shower etc.?
I still haven't figured that stuff out. But I know it will take a truckload of money to live comfortably.
And yes all my Bajanomad brothers and sisters are my psychologists. I owe you all a beer:cool:





"A ship in harbor is safe, but that is not what ships are built for." J. A. Shedd.

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woody with a view
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[*] posted on 3-16-2017 at 05:36 AM


Are you saying you havent saved 20k yet? I just had 2.7kW system installed in SD for $8k. A toilet for an additional $12k would make momma happy, but C'MON, Mang, you can't tell me you need that much money for those items.



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soulpatch
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[*] posted on 3-16-2017 at 05:40 AM


Damn, I am still curious what a full pension entails.
Sounds like it is a pretty weak plan if all can afford to do is sit on yur dirt patch.

Heck, I took a 40% pay cut to retire and I am raising my family comfortably in Mexico.

We aren't rich by gringo standards but I live within 70 meters of the ocean and can see it from my yard and both my kids have their own bedrooms.

However, I do see people here who do have the mindset of being bored and/or wondering what to do with their days and they end up falling into a bottle in a hard way.

Sounds like you made the best decision for yourself.
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ehall
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[*] posted on 3-16-2017 at 07:43 AM


After you get your place built what do you expect to need a year to live comfortably? Sorry you had to postpone.
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[*] posted on 3-16-2017 at 08:23 AM


i retired early and left a lot of money on the table, and took my pension.(btw a union negotiated contract. yeah ALPA) never regretted it for a second. the difference? my cars are not as new, i eat out less often. no big deal , i love everyday being saturday.

[Edited on 3-16-2017 by pacificobob]
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[*] posted on 3-16-2017 at 08:36 AM


Irregardless of the $$$
You can't just retire one day, it is at best a transition process you have to go through first.
You literally have to become a 2.0 version of yourself.
Kinda like a being a teenager again with just a different kinda angst.
Gotta cowboy up all over again.

Seniority and a contract saved you this time.
BTW brother after the layoffs are done comes the strategic divestiture of your corporate division, no buyouts then. Please read the writing on the wall.









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chuckie
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[*] posted on 3-16-2017 at 08:59 AM


Another issue being over thought.....sad...



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soulpatch
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[*] posted on 3-16-2017 at 09:20 AM


Quote: Originally posted by BajaTed  
Irregardless of the $$$
You can't just retire one day, it is at best a transition process you have to go through first.


Sure you can. It's awesome.
I did and I know lots of people that did and lots more that want to.

I never heard it put in the terms that you did.

And, really, the line about "take this job and shove it" is silly.... I sincerely thanked my employer, my coworkers, my other negotiators and walked away without ever looking back.

I guess my transition took about a minute... I was at work, I thought to myself, "self, you've done a good job, you've served well, you've accomplished some good to leave to others, you could be dead tomorrow.... Self, flock all this, let's go to Mexico and raise the kids".

It takes all kinds.

Cheers!
:light:
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chuckie
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[*] posted on 3-16-2017 at 10:02 AM


that's the way! Bravo



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soulpatch
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[*] posted on 3-16-2017 at 10:06 AM


Jajaja, it's been an interesting ride!

I am still wanting to know what percentage of a full time salary a full pension is.... what does that really mean?
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Sweetwater
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[*] posted on 3-16-2017 at 10:33 AM


Quote: Originally posted by soulpatch  
Jajaja, it's been an interesting ride!

I am still wanting to know what percentage of a full time salary a full pension is.... what does that really mean?


Some people live to work, some people work to live.
I can live easily on my own without any problems.
My time is now worth more than your money.




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When choosing between two evils, I always like to try the one I\'ve never tried before. - Mae West
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[*] posted on 3-16-2017 at 11:31 AM


Quote: Originally posted by bajabuddha  


.....Life's too short to drink cheap beer........ Other than that, I suggest an inexpensive therapist to hash your dilemma over with. I suggest motoged, I hear he works on the sly these days, at least for free beer and pizza. :coolup:


BB,
Thanks for the referral.....I can sometimes be found at the third palapa to the left....dispensing free opinions.....as usual.

The recent fee of pizza has been upgraded to camarone tacos...the beer component remains the same....and when Chuckie gets his burro outta the plains of Kansas or Oklahoma or wherever he perches these days, he can collect the promised cervezas...

Imagine the two of us sharing our views of the world.....on second thought, that's not a fantasy I should promote...:lol:




Don't believe everything you think....
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woody with a view
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[*] posted on 3-16-2017 at 11:39 AM


Frank, sounds like your mind was made up before you finished talking to yourself! Good man!



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[*] posted on 3-16-2017 at 11:42 AM


Early retirement usually takes long term planning..Its not a snap decision.

Best done with all of life's large bills taken care of...ie no debt and the house paid for etc. You can't enter into the expense of a new house unless you have a lot of capital stuck away.

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bajagrouper
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[*] posted on 3-16-2017 at 11:43 AM



all the retirement calculators are helpful but with Mexico now a days you almost have to be a mind reader...Who would have thought Mexico would raise the fuel prices over 20% in one month, what other necessities can or will be raised that may ruin a retirement budget.




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