I wish.
65. I was not sure I had enough money at 60. How old were you when you retired?

58.

When people heard that I was retiring at 58, I had a stream of co-workers who came by my cubicle and asked how I could do it, so they could also do it.

I told them that I worked 40 hours a week at Motorola and 10 hours a week at investing (Motley Fool mostly).

Every single one of them lost interest at that point.

The saddest to me was a friend whose wife strongly wanted to get their house mortgage paid off before doing any serious investing.

I retired (with a mortgage) and he kept on working but with a house about half paid off. He completely missed out on the tech boom.

Motorola had several layoffs in the next few years, and surely he got caught in one of them.

I voluntarily retired in a layoff (had to wait about 6 months for the layoff to happen) and got 1 year salary severance pay.
The next layoff they got 6 months salary severance pay.
The layoff after that, they got a hearty handshake.

The layoff before mine, they got 2 years. But that was several years earlier and I couldn't afford to quit.

Mechanical Investing FAQ

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