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Joined: Feb 2013
Posts: 21,797 Likes: 8
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,797 Likes: 8 |
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Jan 2010
Posts: 13,164 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2010
Posts: 13,164 Likes: 1 |
My new favorite website https://www.timevalue.com/tcalc-financial-calculators/Tap retirement Tap how long will my retirement savings last P
Obey lawful commands. Video interactions. Hold bad cops accountable. Problem solved.
~Molɔ̀ːn Labé Skýla~
Member #547
Join date 3/09/2001
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Joined: Nov 2002
Posts: 33,722 Likes: 2
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,722 Likes: 2 |
Got in equities at 23. Looking at selling off $70k or so for a car I want. No issues here. Missing my gold/silver opportunities... Just fact here.
Conduct is the best proof of character.
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Joined: Jan 2004
Posts: 4,580
Campfire Tracker
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Campfire Tracker
Joined: Jan 2004
Posts: 4,580 |
My wife and I were always self employed. so no pension (or sick leave or paid time off). We did fund our IRAs and saved additional amounts in an investment account. We learned that paying other people to manage our money resulted in less money actually being earned. So we manage our own funds. We were debt free at 45 and we retired at 53, although I worked on limited special projects for another 8 years, mostly to fund capital expenses (pick up, travel trailer, bulldozer, excavator, dump truck, NULA, etc.). We can live on Social Security and next year we both face RMDs. What we have found is that a lot of people underestimate the amount of tax they have to pay in retirement - including on SS and of course on the RMDs. Our taxes are going up a lot next year as we move funds from our IRA to our investment account.
Last edited by logger; 04/06/24.
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Joined: Sep 2013
Posts: 17,917 Likes: 7
Campfire Ranger
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Campfire Ranger
Joined: Sep 2013
Posts: 17,917 Likes: 7 |
When I was growing up in the 70’s and 80’s being a millionaire was huge. I remember our neighbor won a million in the lottery and immediately quit his job and bought a 1500’ house with a 2 car garage 2 blocks up the street, and we looked at him in awe.
Wondering today what’s the equivalent now of a millionaire in 1980. Apparently its $3,650,000 in adjusted dollars. I was actually surprised that’s all it was. That's based on fake inflation numbers. To live like a 1970s millionaire today would take ten million dollars or more. A million invested in the DOW in 1979 is now worth 40-45 million. Let that sink in.
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Joined: Feb 2001
Posts: 5,967
Campfire Tracker
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Campfire Tracker
Joined: Feb 2001
Posts: 5,967 |
A million in a 401K isn't any big deal, especially if it's combined household with you and your spouse. Pretty easy for both of you to combine to a million by retirement time if you can manage your money.
Don't just be a survivor, be a competitor.
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Joined: Feb 2001
Posts: 5,967
Campfire Tracker
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Campfire Tracker
Joined: Feb 2001
Posts: 5,967 |
Pretty easy math on pensions. Mostly as long as you live, and maybe longer for your spouse if you go first. No need for a calculator.
Don't just be a survivor, be a competitor.
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Joined: Dec 2002
Posts: 25,923 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Dec 2002
Posts: 25,923 Likes: 2 |
Cuzzin of mine hit tha mill on a scratch off a few xmas
ago he looks like schit and broke today Lots of stories that are similar. “Winning” the lotto seems to often be a bad thing. What would one expect from a person who handles their money so frivolously as to purchase lotto tickets?
People who choose to brew up their own storms bitch loudest about the rain.
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