Should retirement be scary?
Presumably the answer is no, providing you have your ducks lined up. This generally includes having a decent pension (if you are lucky enough to have one), a well stocked 401-K, maybe an IRA or two and a house that is either paid off or close to being paid off. Ideally, you would retire on something like eighty percent (or more) of your pre-retirement income. Then it’s off to do what retired people are supposed to do, which is play golf and go on plenty of Elder Hostels.
The sad reality is that many Americans simply cannot afford to retire. Many others found that they have been thrust into an early and de-facto retirement. They are laid off and no one wants to hire them because they are fifty-plus and thus old. Maybe they got an involuntary retirement with a token “thank you for working for us” one time payment of $50,000. In any event, they are too young for Medicare (age 65), too young for social security (age 62), and too old to get any affordable health insurance. They are hoping they don’t have to move into a mobile home or, failing that, a cardboard box under the freeway.
Yet people still retire all the time, often before they would like to do so, but sometimes because their stars were properly aligned. I am eligible to retire next year a few months after I turn fifty-five. I always assumed that before I retired from my somewhat senior federal job that I would have some other job lined up. Playing golf does not appeal to me, but staying busy and productive does. One way to stay busy is not to retire from my federal career. The other way is to retire from a federal career I have known for thirty challenging years and start another one.
It’s a dilemma that should be a good one, but is one that for some reason fills me with trepidation. The reason I am considering it at all is because a full time faculty position is being created at the local community college, the same college I have taught at as an adjunct off and on for eleven years. They will be interviewing candidates in the spring and the new instructor will start in the fall. Presumably, I would have an excellent chance of getting the job. They already know me and know that I am a reliable commodity who knows the material. My credentials and experience would be difficult for other candidates to match, and since the job would pay about half what I make now, they will be unlikely to fill it with someone other than an eligible retiree like me. However, with my pension as a retiree, I could teach and maintain something like my current standard of living.
So accepting the job if it is offered should not be a hard decision. I would retire from one career and formally start the next. I wouldn’t feel the pressure to play golf or spend days sitting on park benches. I would stay gainfully employed, which is probably a good idea until the house is paid off. And I like teaching, at least a good part of the time, otherwise I would have not been doing it for so long.
But instead I feel this nervousness and trepidation. In fact, a whole host of feelings I did not expect are welling up inside me. I ask myself interminable questions. Like why should I leave a job I really like? It’s rewarding, pays great and my work has achieved some note. I do sometimes feel that I’ve contributed all that I can, so there is no compelling reason to hang around if other opportunities open up, like they are doing now.
Moreover, I have also learned that teaching is not all it’s cracked up to be. It’s a noble profession because you have to be a bit crazy to do it. Students are often lazy and apathetic, and some of them cheat. I caught two cheating in my last class and had to flunk them, which was not a pleasant experience. Many of the classes are quite elementary, hence not too interesting to teach. And yet, there are rewards. There are always a couple of interesting and talented students in a class. Occasionally, you can make a real difference with a student. Last semester I taught a thirty something man with ADHD. I was his first attempt at college after a failure long ago. He succeeded in my class, mostly due to his hard work, but also with my help and encouragement. I may prove a pivotal transformative figure in his life. That’s neat.
Yet I expect that teaching full time would be a different experience than teaching a class or two a year in the evenings. There are a lot of aspects of teaching that are not much fun. Lesson plans. Grading homework. Discipline. Students who blow off classes and then expect you to bend over backwards for them. In short, the job would likely be more of a challenge than the one I already have, a lot more tedious and with murky rewards. Watching a student or two in a class rise to true excellence is rewarding, but more rewarding than the work of the team I am leading? How do I top my career with the great things we have already done together? It’s a career that really excites me: watching the promise of information technology being delivered in ways that make the world a better place. Users of our system send tracking information to Google Analytics, which I can monitor in a control panel. Today I marveled watching the real-time usage of our site in Google Analytics, which reported 350-450 active visitors at one time, with five or more web pages being sent every second. That’s an accomplishment, certainly not something I can claim credit for, but which I certainly orchestrated.
And yet any meaning from my job is something I alone ascribe to it. Retiring from my federal job would be closing a thirty-year door on my life, but another door would open, different but potentially more rewarding. One thing I am reasonably certain about: when the door closes on my federal career, it closes for good. I would step into a much different and more challenging world, one that may piss me off more than please me. One that may ultimately say to me: what the hell were you thinking?
And while I might close a door behind me, there would be tendrils from that past that would follow and affect the rest of my life. A pension is as good as gold, at least until Congress in a fit of austerity decides it doesn’t want to pay it, or decides to reduce it. If history is a guide, it won’t happen, but you never know. There are no certainties in life, not even from Uncle Sam. In any event, drawing a good salary today guarantees more security than the promise of a pension at half pay once out of it.
I’ll figure my way through this bittersweet dilemma. Life is about living and life is defined by change. Life may be offering me a new opportunity, meaningful in new ways but still meaningful. If offered the job, the real dilemma will be finding the courage to step through that door.