Development after retirement
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At least in the US, unless you were fortunate enough to inherit a ton of money or managed to save a lot via a successful business, there is no real expectation of retirement. The idea is to continue working into your 60s and 70s, perhaps fewer hours a week. Otherwise your standard of living will certainly fall.
Nish Nishant Consultant Software Architect Ganymede Software Solutions LLC www.ganymedesoftwaresolutions.com
Nish Nishant wrote:
unless you were fortunate enough to inherit a ton of money or managed to save a lot via a successful business, there is no real expectation of retirement.
But, there is another way! I've known way too many people who have retired on disability, or faked on the job injuries for a settlement/annuity. My younger brother retired at 48 yo from a super easy govt. job due to arthritis and my brother-in-law retired at 52 with a knee injury that had nothing to do with his job. As for myself, I'm 51 and have been in software for almost 20 years. I really don't see myself retiring before probably 65 or so. (based on IRA performance) Even after that, I can see myself piddling with personal projects and probably hanging out here in the lounge. :)
"Go forth into the source" - Neal Morse
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I'm essentially retired (though just starting a big new project for a previous client...) but even so continue to browse Code Project. I've noticed quite a few contributors saying "I'm retired now, but..." and wondered just how many of us have hung up our mice for the last time (There must be a better analogy but I've not come across it). Are we retirees actively developing new code/projects of our own? Tinkering with support for ex-clients? Learning brand new skills / technologies just for the love of it? Or do we hang around in the CP lounge because the virtual ex-colleagues there are the only friends we have, and we have nothing better to do... Just curious...
If you have somebody telling you what to do and when to do it means you are an employee: - even if it's 'only part time' - even 'on a contract' where they stipulate when and/or where you work (basically it's just part/full time work on a contract rather then on payroll) Employed: 'we need you for X hours a week/on call, your tasks will be: X, Y and Z [to be completed by this-date]' Retired: 'we need X, Y and Z, interested?' and you reply: 'give me a X months and I'll do X and Z.' (or alternatively you offer that to them before they ask.)
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Well, if you work from 23 to 60, that's 37 years of employment. If you can save 1/3 of your income, that should cover 19 years (assuming 0 growth), and around 25 years (assuming 10-15% growth). But in reality very few people can save that much. Especially as budgeting is not a skill people have these days. Families with 100K household income drive luxury cars (they also lease instead of buying used), people wear designer clothing (3x the cost of normal clothes), spend a ton on eating out, upgrading phones/gadgets every 2 years, etc. There was a study recently that said 50% of Americans have less than 10K saved up.
Nish Nishant Consultant Software Architect Ganymede Software Solutions LLC www.ganymedesoftwaresolutions.com
Perhaps it's all true. Studies find what they want to find - but I don know that a lot of employees where I work make comparatively low pay and yet will buy $200 boots because they'll be in style for a few months. But, it's there own fault. In the grand scheme, unless they hope and plan to die young, they're living far beyond their means. So I had small cars, bought mostly used and kept until they weren't worth fixing. If any of my neighbors thought I should be more stylish they could buy me something better. Ordering lunch every day at work, instead of bringing it? That's thousands of dollars/year. Upgrading phones? WTF for? And spend a kilobuck on it - well, it's like this - I won't shed a tear for someone who's spent it all on short term goals. I can quit working whenever I want. Can travel, buy things, and not skip a beat. Not because my pay was high (it never was) but because I learned how to live with what I had and have enough of it saved to keep doing just that. With a little luck, Social Security will tide them through. Or, maybe it's time for payback in a biblical style: after the fat years come the lean years, and the fat years were forgotten as a consequence of the lean years.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
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I'm essentially retired (though just starting a big new project for a previous client...) but even so continue to browse Code Project. I've noticed quite a few contributors saying "I'm retired now, but..." and wondered just how many of us have hung up our mice for the last time (There must be a better analogy but I've not come across it). Are we retirees actively developing new code/projects of our own? Tinkering with support for ex-clients? Learning brand new skills / technologies just for the love of it? Or do we hang around in the CP lounge because the virtual ex-colleagues there are the only friends we have, and we have nothing better to do... Just curious...
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At least in the US, unless you were fortunate enough to inherit a ton of money or managed to save a lot via a successful business, there is no real expectation of retirement. The idea is to continue working into your 60s and 70s, perhaps fewer hours a week. Otherwise your standard of living will certainly fall.
Nish Nishant Consultant Software Architect Ganymede Software Solutions LLC www.ganymedesoftwaresolutions.com
So true. I see more and more elderly people working part time jobs, because they did not plan well enough for the future, or things came up in retirement that made them have to go back to work.
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So true. I see more and more elderly people working part time jobs, because they did not plan well enough for the future, or things came up in retirement that made them have to go back to work.
As a software developer, it's easy to think you can continue coding and making money in your 70s, but it's not easy to predict your health. Or even how mentally active you can be.
Nish Nishant Consultant Software Architect Ganymede Software Solutions LLC www.ganymedesoftwaresolutions.com
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Perhaps it's all true. Studies find what they want to find - but I don know that a lot of employees where I work make comparatively low pay and yet will buy $200 boots because they'll be in style for a few months. But, it's there own fault. In the grand scheme, unless they hope and plan to die young, they're living far beyond their means. So I had small cars, bought mostly used and kept until they weren't worth fixing. If any of my neighbors thought I should be more stylish they could buy me something better. Ordering lunch every day at work, instead of bringing it? That's thousands of dollars/year. Upgrading phones? WTF for? And spend a kilobuck on it - well, it's like this - I won't shed a tear for someone who's spent it all on short term goals. I can quit working whenever I want. Can travel, buy things, and not skip a beat. Not because my pay was high (it never was) but because I learned how to live with what I had and have enough of it saved to keep doing just that. With a little luck, Social Security will tide them through. Or, maybe it's time for payback in a biblical style: after the fat years come the lean years, and the fat years were forgotten as a consequence of the lean years.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
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So true. I see more and more elderly people working part time jobs, because they did not plan well enough for the future, or things came up in retirement that made them have to go back to work.
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I think all the people on code-project should actively plan for retirement period. You cant spent your who life coding JavaScript for chirst sakes !!! Will drive you insane.. Plus the amount of bug and lack of documentation will drive you mad !
Caveat Emptor. "Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long
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I'm essentially retired (though just starting a big new project for a previous client...) but even so continue to browse Code Project. I've noticed quite a few contributors saying "I'm retired now, but..." and wondered just how many of us have hung up our mice for the last time (There must be a better analogy but I've not come across it). Are we retirees actively developing new code/projects of our own? Tinkering with support for ex-clients? Learning brand new skills / technologies just for the love of it? Or do we hang around in the CP lounge because the virtual ex-colleagues there are the only friends we have, and we have nothing better to do... Just curious...
Not retired, but close to retirement age. I don't plan to retire. Programming is my hobby and I will code to the day I fall dead on top of my keyboard. BTW, I have this Microsoft Natural keyboard (the original one from 1995), will take it with me to the grave. :-D
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What? You work like a bee and live like a rat? All those saving wouldn't do you any good it you should hit by a truck tomorrow. On the other hand if you should live to 100 years old, well it helps. Its a "IF".
Not quite. I can buy anything I want - just not everything I want. I simply don't give a shit about peer pressure of any sort and make my own decisions. I'm one of those with a flip-phone (there are others, here - a surprising number). Desktop PC was a bare-bones and it is way past my necessary requirements, but bought in the sweet spot of pricing. Not a gamer's (or video editor's) box by any means, but my eight core Xeon (at work) doesn't do any better for anything I do with respect to development. I'll replace it if it's characteristics are become an obstacle. My two-HDD 17" laptop also flies (Dell M6500) - we cook most nights but do takeout once or twice a week. All-inclusive vacations at quality resorts (like Couples, for example). So no - one doesn't have to live like a rat. One need nearly not waste. As for living for today and/or preparing for tomorrow? That one, I'm afraid, is a contradiction in life for which I've now answer. One can simply choose a path and hope it works out. Meanwhile, I even get to enjoy the pleasure of planning and anticipation for likely events. Next year will be Hawaii. Mrs. wants to do Australia, too. I'm thinking India. When I retire, we can do both. A trip to Israel, too. So - if I live, "I won". If I don't, "I'm dead".
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
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Not retired, but close to retirement age. I don't plan to retire. Programming is my hobby and I will code to the day I fall dead on top of my keyboard. BTW, I have this Microsoft Natural keyboard (the original one from 1995), will take it with me to the grave. :-D
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wELL, i RETIRED AFTER HAVING A STROKE AND HAVE BEEN DEVELOPING PROJECTS EVER SINCE. sOME HAS BEEN FOR MY OWN AMUSEMENT, SOME HAS BEEN DEVELOPING PRODUCTS TO MARKET AND SOME HAS BEEN PROJECTS THAT CLIENTS HAVE COMMISSIONED. I'm still trying to decide what I want to do when I grow up. When I was getting ready to retire, I also went back to grad school, which I'm finishing now after a 3 year delay due to my stroke! When I stop working, it will be when I physically and mentally am not able to . Until then, I've still got lots of copde to crank out and products to develop and languages to learn!
CQ de W5ALT
Walt Fair, Jr., P. E. Comport Computing Specializing in Technical Engineering Software
That's the spirit, but try to leave that CAPS LOCK key alone will you :-\
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In Venice ?
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At least in the US, unless you were fortunate enough to inherit a ton of money or managed to save a lot via a successful business, there is no real expectation of retirement. The idea is to continue working into your 60s and 70s, perhaps fewer hours a week. Otherwise your standard of living will certainly fall.
Nish Nishant Consultant Software Architect Ganymede Software Solutions LLC www.ganymedesoftwaresolutions.com
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I must be an exception... I'm 54 y/o and if the US had national healthcare I'd retire immediately. As it stands... I'll retire in 5 years.
I'd assume that you lived within your means, and also that you live in a low-cost town. Good for you.
Nish Nishant Consultant Software Architect Ganymede Software Solutions LLC www.ganymedesoftwaresolutions.com
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I'd assume that you lived within your means, and also that you live in a low-cost town. Good for you.
Nish Nishant Consultant Software Architect Ganymede Software Solutions LLC www.ganymedesoftwaresolutions.com
Nish Nishant wrote:
I'd assume that you lived within your means
Yes, but still managed to put our 2 children through university.
Nish Nishant wrote:
that you live in a low-cost town
That's kind of a misnomer. Usually folks who live in cities with higher costs get paid more. I've lived just south of Chicago my whole life, I could earn more $ if I worked in the city but I don't need the hassle.
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At least in the US, unless you were fortunate enough to inherit a ton of money or managed to save a lot via a successful business, there is no real expectation of retirement. The idea is to continue working into your 60s and 70s, perhaps fewer hours a week. Otherwise your standard of living will certainly fall.
Nish Nishant Consultant Software Architect Ganymede Software Solutions LLC www.ganymedesoftwaresolutions.com
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DerekTP123 wrote:
Are we retirees actively developing new code/projects of our own? Tinkering with support for ex-clients? Learning brand new skills / technologies just for the love of it?
Yes, without deadlines or managers.
Everyone has a photographic memory; some just don't have film. Steven Wright
Mike Hankey wrote:
Yes, without deadlines or managers.
Amazing how that improves quality and productivity, isn't it?
Latest Article - Building a Prototype Web-Based Diagramming Tool with SVG and Javascript Learning to code with python is like learning to swim with those little arm floaties. It gives you undeserved confidence and will eventually drown you. - DangerBunny Artificial intelligence is the only remedy for natural stupidity. - CDP1802
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Mike Hankey wrote:
Yes, without deadlines or managers.
Amazing how that improves quality and productivity, isn't it?
Latest Article - Building a Prototype Web-Based Diagramming Tool with SVG and Javascript Learning to code with python is like learning to swim with those little arm floaties. It gives you undeserved confidence and will eventually drown you. - DangerBunny Artificial intelligence is the only remedy for natural stupidity. - CDP1802
Find my blood pressure lower and attitude much improved also.
Everyone has a photographic memory; some just don't have film. Steven Wright
