| ||||
| ||||
| Moderated by: Ron, brodiescomics, beejmi | Page: 1 2   |
|
|||||||||||||
| When Are You Retiring? | Rate Topic |
| Author | Post |
|---|
| Posted: Sun May 1st, 2022 08:10 pm |
|
1st Post |
|
beejmi THE BIG KAHUNA 
|
Its hard to calculate, not that I have cash falling out of my back pocket but I don't know what the meager dollars I have will be worth 10 years from now, if anything.
|
||||||||||||||
| |||||||||||||||
| Posted: Sun May 1st, 2022 09:56 pm |
|
2nd Post |
Benlen
|
4 yrs ago
____________________ Only thing harder than achieving excellence is maintaining it. Dream Well. It may come true. |
|||||||||||||
| ||||||||||||||
| Posted: Sun May 1st, 2022 10:20 pm |
|
3rd Post |
|
Big Garea Fan MR BASKETBALL
|
I am expecting to work until I die. Hopefully, my employer will keep me. I think that I have enough money set aside to retire. However, I worry about my son and what the world is going to be like for him and his eventual family. Will he be able to get a good paying job that will be enough to provide a comfortable life for them? What if he or another family member has a medical emergency or a chronic medical condition that can bankrupt a family? I want to leave as much money to him and his family as possible to protect them. Unlike many people, I actually like my job and the people that I work with. I am one of the longer tenured people on my team and never have an issue with getting time off when needed. I feel no great urgency to ever leave. Many people that I know worked miserable government jobs just so they could retire in 30 years. But then after they retired, they found that the retirement money wasn't enough and then they needed to get jobs at Walmart to make ends meet and hopefully have medical benefits. I don't want to be one of them.
|
||||||||||||||
| |||||||||||||||
| Posted: Sun May 1st, 2022 10:47 pm |
|
4th Post |
|
gwlee7 HALL OF FAMER 
|
I figure 4 more years and I will be vested in two state retirement systems. I will be 65. I will string guitars at the local guitar shop and fuck around doing other things I enjoy doing.
____________________ I just think it's amazing that Trump is really on Twitter all day, personally writing this shit. He's about 3 beers away from joining S&W and getting into a flame war with Ports.----srossi |
|||||||||||||
| ||||||||||||||
| Posted: Sun May 1st, 2022 11:15 pm |
|
5th Post |
|
srossi HALL OF FAMER
|
I can take early retirement at 61 1/2 and get half pension, and that plus savings, 401(k), and whatever meager dollars the government gives me back from what they stole from me should be enough to be comfortable.
____________________ This thread was great before AA ruined it. |
||||||||||||||
| |||||||||||||||
| Posted: Mon May 2nd, 2022 12:57 am |
|
6th Post |
Principal_Raditch
|
We didn't have dates, but more monetary amounts set. Our first task was to have the house paid off before retiring. We took care of that a few years back. The goal for my wife was for us to get to at least $1.7 million in savings/retirement assets/investments for her to decide, then $2.1 for me. My wife will probably walk away in the next few years. Right now between what she can get right now for social and what I earn, is basically the same as what we live on monthly now anyways since we defer a lot to retirement funds. The idea is not to touch any of the accounts till we're both retired. I"m probably going to 65, with the idea of moving off the floor by 60 and to a clinic for the remaining years or case management. We've always lived below what we make, so I don't think the transition will be that big of a blow. My problem is that she can go on my insurance first before she shifts to medicare. I don't have that option, putting me in a spot where I probably need to stay to close to 65 from that aspect.
|
|||||||||||||
| ||||||||||||||
| Posted: Mon May 2nd, 2022 04:10 am |
|
7th Post |
Dr. Strangelove
|
After S&W was down just about all day yesterday, I don't think I'm ready to retire just yet.
|
||||||||||||||
| |||||||||||||||
| Posted: Mon May 2nd, 2022 10:05 am |
|
8th Post |
|
WongLee HALL OF FAMER 
|
I pulled the plug 8 months ago and have never been happier. I have no savings of note such as a 401k and outside of social security I have a $91 a month annuity. I'm not eating cat food and I don't live in a shooting gallery. It may backfire somewhere down the road but I really don't think so. I think the main reason I was able to do it was because I have not one cent in debt and have always been fairly frugal. I figured why should I waste whatever time I have left working some shitty job which I hate. Now I play guitar all day, do some wrestling research when I feel like it, work out, and cook for my wife and I. I truly don't think I'll see 70 so I figured this was the best route for me. Allah has only given me only one life so I'm going to use it to MY advantage.
____________________ "Did Scott Hall fuck Mike Johnson's wife?" Kriss in the Scott Hall will be dead soon thread |
|||||||||||||
| ||||||||||||||
| Posted: Mon May 2nd, 2022 11:29 am |
|
9th Post |
KGB
|
I'll have 25 years at my job when I turn 63. That seems like a nice round number so I'm tentatively planning on calling it quits at that point. I'll be 60 when my daughter finishes H.S. so it may depend on what she's doing at that time. Barring anything unexpected, the wife and I should be in good shape then. Like many of you, we're not profligate in the least. We don't buy coffee, we don't drink alcohol, we don't engage in any of the other daily habits that eat away at your wallet. And we have $0 in debt. I pay the credit cards off each month; paid cash for my two rental properties; likewise for our cars. At retirement I'll get a pension from Globohomo, which I'll take in the lump sum option. My 401k is fairly healthy and I have other investments including a modest Roth IRA. For an inflationary economy, we have way too much money in savings right now but some of that is because of the market volatility. If things settle down, I'll stick a large chunk of that into investments. And I have this naive belief that the Fed printing presses will continue operating and I'll get some money back from S.S. But if that doesn't come to pass, we should still be fine. I anticipate that we'll spend a good deal of our retirement in Taiwan. They have most everything the elderly can want: inexpensive and healthy food, warm weather, and good health care. We'll probably spend summers on the Lake Erie shore, however.
____________________ 
|
||||||||||||||
| |||||||||||||||
| Posted: Mon May 2nd, 2022 01:11 pm |
|
10th Post |
Married Jo
|
I'm 49. By the end of the year my house will be totally paid off, and my fiancé (by then wife) and I will have no debt and a lot of money in the bank. We're gonna live frugal, load up the 401k's and retire in our early 60's, if everything goes well.
____________________ Well, Im of the opinion that one wouldnt actually have to eat the corn out of Chynas shit to know that nothing good could come of it. - Portalesman |
|||||||||||||
| ||||||||||||||
| Posted: Mon May 2nd, 2022 03:29 pm |
|
11th Post |
Angelic Assassin
|
Have been for a decade. Not long after a devastating personal loss I got sick and said "fuck it". Used up my accumulated vacation and sick time and then since I had my 20 years in and qualified for pension I took it. Lost out on some prime earning years at my salary but between myself and my current GF we are absolutely fine. We live outside the city, well outside in a paid for house so only have to pay property taxes that are quite reasonable. Same with the house in the city. The rent we charge the girls is basically to cover the property tax and nothing more. No children under the age of 18 to raise on my side, my daughter would be almost 40 now, and my GF's daughters insist on paying their own way through university so we help in other way, like the house to live in in the city. Safe investing and the luck I guess for lack of a better way of putting it of being alive when family members passed and had no one else to leave their estate to allowed for building a nice nest egg. My sister and I grew up in our grandmother's house and when my grandmother passed in 1983 the house became mine as well as 2 sums of money, the first as cash in hand and the other in the form of a term deposit. I mention that because of the ridiculous interest rates of today compared to what that term deposit was for back in 1983. It was a 5 year term deposit at 12 3/4%. I've just kept rolling it over since then, untouched. Not at the same % rate of course, those started dropping and continued of course and now it's only a year at a time at about 1.4% until I'm 65 at which point I'll cash out, take a tax hit and then have than we'd likely both need the rest of our days.
____________________ This thread was great till Rossi posted that AA ruined it. Rossi=The Mouth That Bored |
||||||||||||||
| |||||||||||||||
| Posted: Wed May 4th, 2022 01:12 am |
|
12th Post |
Quattro
|
48 I spend more time on early-retirement.com and bogleheads message boards lately trying to better solidify a plan. I have made smart investment decisions and very dumb ones, usually erring on the side of capital preservation since we have always lived reasonable but conservative lifestyle and have saved as much as we could. Hard to see hard earned savings go down frankly. My job does me no favors since I am basically a risk manager (banker). I tend to see the downside to everything. I want to retire by 58. Would prefer 55. Have good plan on savings, withdrawal rate, and getting house paid off. Have to figure out health insurance.
|
|||||||||||||
| ||||||||||||||
| Posted: Mon May 9th, 2022 09:44 pm |
|
13th Post |
kargol
|
Planning to retire 60-65. But I now have a side hustle which means I could in theory work 30 or so days per year until I'm 75, at the equivalent of $700/day index-linked, so that's a possibility to boost whatever pension I get.
____________________ superfunkymean |
||||||||||||||
| |||||||||||||||
| Posted: Tue May 10th, 2022 12:06 am |
|
14th Post |
|
srossi HALL OF FAMER
|
kargol wrote: Planning to retire 60-65. But I now have a side hustle which means I could in theory work 30 or so days per year until I'm 75, at the equivalent of $700/day index-linked, so that's a possibility to boost whatever pension I get. Everyone should continue to work at least a little after they retire. There’s a difference between breaking your back at 75 to put food on the table and continuing to stay active doing something you don’t hate.
____________________ This thread was great before AA ruined it. |
|||||||||||||
| ||||||||||||||
| Posted: Tue May 10th, 2022 02:56 am |
|
15th Post |
Quattro
|
kargol wrote: Planning to retire 60-65. But I now have a side hustle which means I could in theory work 30 or so days per year until I'm 75, at the equivalent of $700/day index-linked, so that's a possibility to boost whatever pension I get.I need your side hustle
|
||||||||||||||
| |||||||||||||||
| Current time is 03:04 am | Page: 1 2 |
| WowBB Forums > Sports And Wrestling > General Discussion > When Are You Retiring? | Top |
