Retirement Thread

[ChiTown]

Originally Posted by crayzkirk

I've been retired for about three months, going on a trip to Arizona in March. I had thought that I might want to consult however the further in the taillights my work gets, the less I want to spend the time I have left for the benefit of someone else.

Get the Medicare, Social Security, 401k and pension stuff out of the way because it all takes time and is, at least for me, a source of frustration. The hardest thing for me so far is changing the mindset to spending instead of saving.

My plan is to retire (shut what remains of my business down) at the end of 2026 (I'll be 59). However, I plan to open a small consulting business that will allow me to keep 2 clients that will essentially pay the majority of my bills - my mortgage will be paid off in Dec of '26. I'd only have to "work" less than 6 hours per week to keep that up. Zero business travel and no office required. I'd most likely keep doing that until I'm physically/mentally unable to do so. The next 2 years are gonna be ball-busters, but they are also going to be 2 of the best years financially of my career. So, I'm gonna rack it up while I can