WowBB Forums Home 
Home Search search Menu menu Not logged in - Login | Register

 Moderated by: Ron, brodiescomics, beejmi Page:    1  2  Next Page Last Page  
New Topic Reply Printer Friendly
When Are You Retiring?  Rate Topic 
AuthorPost
 Posted: Sun May 1st, 2022 08:10 pm
  PM Quote Reply
1st Post
beejmi
THE BIG KAHUNA


Joined: Sat Oct 13th, 2007
Location: Philly
Posts: 50594
Status: 
Offline
Mana: 
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.

Back To Top PM Quote Reply  

 Posted: Sun May 1st, 2022 09:56 pm
  PM Quote Reply
2nd Post
Benlen



Joined: Sun Oct 21st, 2007
Location: Milpitas, California USA
Posts: 15175
Status: 
Offline
Mana: 
4 yrs ago



____________________
Only thing harder than achieving excellence is maintaining it.
Dream Well. It may come true.

Back To Top PM Quote Reply

 Posted: Sun May 1st, 2022 10:20 pm
  PM Quote Reply
3rd Post
Big Garea Fan
MR BASKETBALL
 

Joined: Wed Mar 4th, 2009
Location:  
Posts: 4462
Status: 
Offline
Mana: 
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.

Back To Top PM Quote Reply  

 Posted: Sun May 1st, 2022 10:47 pm
  PM Quote Reply
4th Post
gwlee7
HALL OF FAMER


Joined: Mon Oct 15th, 2007
Location: Lewisville, Texas USA
Posts: 5746
Status: 
Offline
Mana: 
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
Back To Top PM Quote Reply

 Posted: Sun May 1st, 2022 11:15 pm
  PM Quote Reply
5th Post
srossi
HALL OF FAMER
 

Joined: Sun Oct 14th, 2007
Location: New York USA
Posts: 60976
Status: 
Offline
Mana: 
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.
Back To Top PM Quote Reply  

 Posted: Mon May 2nd, 2022 12:57 am
  PM Quote Reply
6th Post
Principal_Raditch



Joined: Mon Feb 18th, 2008
Location:  
Posts: 7944
Status: 
Offline
Mana: 
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.

Back To Top PM Quote Reply

 Posted: Mon May 2nd, 2022 04:10 am
  PM Quote Reply
7th Post
Dr. Strangelove



Joined: Fri May 26th, 2017
Location:  
Posts: 544
Status: 
Online
Mana: 
After S&W was down just about all day yesterday, I don't think I'm ready to retire just yet.

Back To Top PM Quote Reply  

 Posted: Mon May 2nd, 2022 10:05 am
  PM Quote Reply
8th Post
WongLee
HALL OF FAMER


Joined: Fri Oct 19th, 2007
Location: East Patchogue, New York
Posts: 8657
Status: 
Offline
Mana: 
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
Back To Top PM Quote Reply

 Posted: Mon May 2nd, 2022 11:29 am
  PM Quote Reply
9th Post
KGB

 

Joined: Wed Jul 4th, 2012
Location:  
Posts: 3426
Status: 
Online
Mana: 
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.  



____________________
Back To Top PM Quote Reply  

 Posted: Mon May 2nd, 2022 01:11 pm
  PM Quote Reply
10th Post
Married Jo



Joined: Fri Dec 21st, 2007
Location: Hickory NC
Posts: 7309
Status: 
Offline
Mana: 
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
Back To Top PM Quote Reply

 Posted: Mon May 2nd, 2022 03:29 pm
  PM Quote Reply
11th Post
Angelic Assassin



Joined: Mon Dec 27th, 2010
Location: Home Of The Redskins, You Candy Asses. , Washington USA
Posts: 10095
Status: 
Offline
Mana: 
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
Back To Top PM Quote Reply  

 Posted: Wed May 4th, 2022 01:12 am
  PM Quote Reply
12th Post
Quattro

 

Joined: Sun Oct 14th, 2007
Location:  
Posts: 4346
Status: 
Offline
Mana: 
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.

Back To Top PM Quote Reply

 Posted: Mon May 9th, 2022 09:44 pm
  PM Quote Reply
13th Post
kargol



Joined: Thu Oct 18th, 2007
Location: Brum, United Kingdom
Posts: 5427
Status: 
Offline
Mana: 
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
Back To Top PM Quote Reply  

 Posted: Tue May 10th, 2022 12:06 am
  PM Quote Reply
14th Post
srossi
HALL OF FAMER
 

Joined: Sun Oct 14th, 2007
Location: New York USA
Posts: 60976
Status: 
Offline
Mana: 
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.
Back To Top PM Quote Reply

 Posted: Tue May 10th, 2022 02:56 am
  PM Quote Reply
15th Post
Quattro

 

Joined: Sun Oct 14th, 2007
Location:  
Posts: 4346
Status: 
Offline
Mana: 
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 

Back To Top PM Quote Reply  

Current time is 03:04 am Page:    1  2  Next Page Last Page    
WowBB Forums > Sports And Wrestling > General Discussion > When Are You Retiring? Top




UltraBB 1.172 Copyright © 2007-2013 Data 1 Systems