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Background
Gender: Female
Status: Single
Location:
MIAMI, Florida
United States
School:
Avonworth HS
Miami Dade Community College
Chatham College
Pennsylvania State University
Hometown(s):
Pittsburgh, PA
El Paso, TX
Homestead, FL
North Miami Beach, FL

Ramble on Closings

 

Today as I sit here reading my email and contemplating my day.  I realize just how tired I am.  Over the last couple of months of caring for a precocious and over energized 8 year old granddaughter who I had to entertain or bribe non stop has addled my brain.  I am so exhausted to the point that I can barely think although I still had to work during her visit.  She is now home with her beloved "Daddy."  Quiet condo no signs of child infestation.

 

I have grown to appreciate the meaning of retirement.  Or, rather just plain rest.  My cousin and financial advisor suggested that I simply rest for a few weeks before I start to venture out of country or out of town.  Believe me, I have decided that it is a good idea. While talking to my financial advisor, first she asked me about my parents morality.  Then, she asked me how long did I plan to live?  You know, she said the numbers are coming in.... People in DROP only live 9.5 years, so do you want your money now and how would you like your money.  When I told her that I plan to live until I am at least 125 years old, she-- by her expression-- sighed--Let’s get real-- and said, "Let’s plan for 20 years."  I really have planned to outlive my money.  I just had a little giggle to myself. She introduced me to a new plan for boomers with 401’s so that you can start to receive money and still have a death benefit as well.  I really like the new plan... I will be able to use my money and/or withdraw it when I am ready and still have a little left for my heirs.  So, we are on.  Just another closing....

 

Here I am closing up my affairs at work.  I have a Supervisor’s list of all the things I have to do before I leave on September 30th.  And, every thing says delete.  Did you delete?  Did you close?  Did you talk with your financial advisor? Do you have a concrete plan? 

 

Closing up.... Today, I have a pile of books to sort through... some home, some to colleagues, and some to be shipped to the Caribbean. 

Closing up... just a stage in the retirement process that is very important because no one wants to go through your personal "stuff" after you leave.  I do know that I don’t want to come back to retrieve any thing.  I will just dump what ever is left.  My plan for years has been to leave on the last day with just my purse the same way I started so many years ago.  I have said most of my good byes.

 

As summer is coming to a close and the new students start to arrive, I will not be a part of the ceremonies of welcoming the new students this year.  I feel a little remorseful, but I really feel a great sense of relief.  That first year energy is so overpowering and it takes a lot to help the young ones to adjust from a high school mentality to the mentality of a scholar in an academic community, and I have done my thousands.

 

On the first day of September, I will get up early and go to the swimming pool for about an hour.  Then, I will go to Home Depot for the supplies I need to start to refinish the tile in my bathroom.  Or, I will go to lunch with Judy, or I will go to Aventura Mall to the early movies for seniors,  or I will just do absolutely nothing and just rest--my call.  I am just glad that I have a plan. Giggle, giggle.  Remember the Pointer Sisters... "I’m so EXCITED."  I am working it.

I'm singing it with you, my friend. I'm excited for you!
Posted: August 12, 2008 4:23PM EDT
Hollowwood says:
Thank your Lucky Stars for being able to retire with a healthy 401K. So many deplete theirs with Medical Bills, or Loss Of Job Expenses. Or, like me, there is no 401K. Life gets in the way and drains off all your extra funds. Luckily, I planed knowing this so had a Safety Net of sorts in place. Art
Posted: August 12, 2008 2:53PM EDT
Karean says:
I work in the Florida Retirement System. Once a person reaches 30 years of employment or 62 years of age; they can continue to work in a program called DROP the Deferred Retirement Option Program. In the DROP program a person has 5 years or 60 months to work; however, the person can opt to stop working any time within the 5 years. During that time their retirement check is deposited into a special account like a 401 something and you are paid a lump or partial sum when you choose to leave DROP. This lump is taxable which I feel is a crock, and not worth the effort. However, it is a way to keep teachers and other public servants working until they literally DROP. Many folks have literally DROPped while in the DROP program. So, my advisor told me that the numbers are in people who complete are usually dead in 9.5 years. I was just talking with another retiree, and we think it is funny. Thanks for asking
Posted: August 12, 2008 1:46PM EDT
m00n says:
It's such a giddy time to prepare for that last day at work. I had a great time doing that. I tried to keep nothing except the retirement gifts and goodbye notes. It's hard to sort through all the "stuff" and dump most of it into the garbage or the recycling bin. I left some generic supplies in my office for co-workers to latch on to, but the rest was either transferred to my replacement or dumped.

I took the batteries out of my palm pilot and put it on a shelf to age into an antique.

One thing I have done is continue to use email and calendars and appointment scheduling just as I did when I was working. I was accustomed to having my day organized like that, so it helped me stay balanced.

The biggest surprise to me about retirement is that I am still busy. Now, I don't know how I ever had time to work.

Good luck with the transition. What is a DROP?
Posted: August 12, 2008 1:00PM EDT
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Added: Aug 12, 2008
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