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Joined: Dec 2003
Posts: 17,231 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Dec 2003
Posts: 17,231 Likes: 2 |
If a democrat wins the presidency (I hope they don't, then I'm retiring). I am in my mid 50s and can take an early retirement, it will bring in about 2,500 per month. My house and car are paid for. I am a single male with no dependents, and I have simple tastes. In addition I know the country will be soon be running off the cliff. The only reason I still work now is we have great heath benefits where I work. Anyone else considering it? keep working, keep your insurance and keep putting money away. you'd have 40 more hours a week to worry about politics...not worth it. A paid off car usually needs replaced eventually, paid off house often needs new roof, re-painted, plumbing, furnace, water heater...you get the drift.
...Actually Sycamore, you are sort of right....
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Joined: Mar 2013
Posts: 27,091
Campfire Ranger
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Campfire Ranger
Joined: Mar 2013
Posts: 27,091 |
They will open borders up and it be just north and south American continents. USA would be gone.
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Joined: Mar 2008
Posts: 2,631
Campfire Regular
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Campfire Regular
Joined: Mar 2008
Posts: 2,631 |
I retired at 51. Ill be 73 in a month. It was the best move I ever made. I have heard lots of guys later in life say they wish they would have spent more time with their family, or traveling or whatever. Never heard one say they wished they could have spend a few more shifts on the job.
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Joined: Jun 2012
Posts: 4,774
Campfire Tracker
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Campfire Tracker
Joined: Jun 2012
Posts: 4,774 |
I retired at 51. Ill be 73 in a month. It was the best move I ever made. I have heard lots of guys later in life say they wish they would have spent more time with their family, or traveling or whatever. Never heard one say they wished they could have spend a few more shifts on the job. Then you dont talk to many people. Start asking the people who had to quit working because of health problems. Every retired Male relative I have ever known wanted to work longer.
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Joined: Dec 2004
Posts: 9,743 Likes: 15
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2004
Posts: 9,743 Likes: 15 |
If a democrat wins the presidency (I hope they don't, then I'm retiring). I am in my mid 50s and can take an early retirement, it will bring in about 2,500 per month. My house and car are paid for. I am a single male with no dependents, and I have simple tastes. In addition I know the country will be soon be running off the cliff. The only reason I still work now is we have great heath benefits where I work. Anyone else considering it? Screw the election, just do it! Don't wait til your too f'n old to do what you enjoy, none of us have a guarantee we are even gonna have a tomorrow. That possible health issue many speak of could actually happen and render you incapable of chasing down deer and climbing up river banks from good fishing holes. Then you'd never get to do what you really wanted to. The entire concept of working 40 hours a week 50 weeks a year until your old and grey is about the most dumb schit idea anyone ever came up with. Most do it just because they find some sorta sense of security in some corporation or government agency will take care of them with a pension when they get old and tired. I guess they are just afraid to do that on their own. You already have what you feel will do you, go for it. ASAP.......don't look back...
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Joined: Oct 2006
Posts: 24,496 Likes: 14
Campfire Ranger
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Campfire Ranger
Joined: Oct 2006
Posts: 24,496 Likes: 14 |
If a democrat wins the presidency (I hope they don't, then I'm retiring). I am in my mid 50s and can take an early retirement, it will bring in about 2,500 per month. My house and car are paid for. I am a single male with no dependents, and I have simple tastes. In addition I know the country will be soon be running off the cliff. The only reason I still work now is we have great heath benefits where I work. Anyone else considering it? Who do you work for ? Gov't job ?
PRESIDENT TRUMP 2024/2028 !!!!!!!!!!
Posted by Bristoe
The people wringing their hands over Trump's rhetoric don't know what time it is in America.
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Joined: Jan 2019
Posts: 166
Campfire Member
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Campfire Member
Joined: Jan 2019
Posts: 166 |
Only a matter of time till we have a Mexican President. and then Sht will hit the fan.
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Joined: May 2015
Posts: 2,112 Likes: 1
Campfire Regular
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Campfire Regular
Joined: May 2015
Posts: 2,112 Likes: 1 |
If a democrat wins the presidency (I hope they don't, then I'm retiring). I am in my mid 50s and can take an early retirement, it will bring in about 2,500 per month. My house and car are paid for. I am a single male with no dependents, and I have simple tastes. In addition I know the country will be soon be running off the cliff. The only reason I still work now is we have great heath benefits where I work. Anyone else considering it? Screw the election, just do it! Don't wait til your too f'n old to do what you enjoy, none of us have a guarantee we are even gonna have a tomorrow. That possible health issue many speak of could actually happen and render you incapable of chasing down deer and climbing up river banks from good fishing holes. Then you'd never get to do what you really wanted to. The entire concept of working 40 hours a week 50 weeks a year until your old and grey is about the most dumb schit idea anyone ever came up with. Most do it just because they find some sorta sense of security in some corporation or government agency will take care of them with a pension when they get old and tired. I guess they are just afraid to do that on their own. You already have what you feel will do you, go for it. ASAP.......don't look back... I could not agree more.
@jameslavish
If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference.
This is inflation
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Joined: Jun 2007
Posts: 24,612 Likes: 21
Campfire Ranger
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Campfire Ranger
Joined: Jun 2007
Posts: 24,612 Likes: 21 |
If a democrat wins the presidency (I hope they don't, then I'm retiring). I am in my mid 50s and can take an early retirement, it will bring in about 2,500 per month. My house and car are paid for. I am a single male with no dependents, and I have simple tastes. In addition I know the country will be soon be running off the cliff. The only reason I still work now is we have great heath benefits where I work. Anyone else considering it? $2500.00 a month won’t go far, you better hang in there and work another decade and invest wisely. In 15 years $2500.00 a month won’t buy you a weeks groceries and a tank of gas. There’s lots of people living under the interstate that thought they were ready before they weren’t...
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Joined: May 2016
Posts: 60,576 Likes: 26
Campfire Kahuna
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Campfire Kahuna
Joined: May 2016
Posts: 60,576 Likes: 26 |
Are you saying he might have to lay off buying all those Sako's?
2500 is a bunch for us peasants.
I am MAGA.
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Joined: May 2016
Posts: 60,576 Likes: 26
Campfire Kahuna
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Campfire Kahuna
Joined: May 2016
Posts: 60,576 Likes: 26 |
If a democrat is elected....ima gonna do like I did last time.
Get drunk and carry on like always.
I am MAGA.
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Joined: Mar 2006
Posts: 8,315 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2006
Posts: 8,315 Likes: 2 |
I'm somewhat in the same position as the OP. Only issue is the timing for me is based more on what I think the Market will do if the next election goes South.
Really thinking about retiring at the end of Trump's second term (Positive thinking). Roll most of my IRA into fixed rate accounts with local institutions, at least I'm guaranteed a positive rate of return. Can start taking SSI in 2022. I'm a bachelor with a dog, home is paid for, plan on traveling in a camper throughout the country visiting friends and family all over. Travel when I want to, stay as long as I want to, and move when I'm ready. After hunting/fishing season ends up north, come back South for the Winter...….at least that's the plan! LOL
~Molɔ̀ːn Labé Skýla~
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Joined: Aug 2012
Posts: 5,491 Likes: 1
Campfire Tracker
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Campfire Tracker
Joined: Aug 2012
Posts: 5,491 Likes: 1 |
At mid 50s thats a long run to the grave on $2500 a month. But I sure you have thought it out. If you have everything paid for thats great but with no mortgage or car payments nows the time to really sock it away. I intend to work until I cant. But less and taking on what I care to. Im going to keep making money so I can really enjoy the xtra time I will have. I am in my mid 50s as well.
Life can be rough on us dreamers.
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Joined: Apr 2010
Posts: 10,839
Campfire Outfitter
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Campfire Outfitter
Joined: Apr 2010
Posts: 10,839 |
I'm going to move my 401k into safe harbor next fall.
Maker of the Frankenstud Sling Keeper
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Joined: Feb 2013
Posts: 6,457
Campfire Tracker
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Campfire Tracker
Joined: Feb 2013
Posts: 6,457 |
My house tax is about 4-5k per year. Car insurance and house insurance another 2k. So that’s 3 months of 2.5k gone quick. I was looking at 6k per month and I am nervous. I also have house paid. Cool st of living in kinda low here
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Joined: Jan 2019
Posts: 166
Campfire Member
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Campfire Member
Joined: Jan 2019
Posts: 166 |
My house and cars are paid for 100%. i married a woman who's family has a little bit of money so we both could make sure our kids get the best education, a way to start up in life and a little more. i have been talking to my wife about a little house in a remote place, nothing fancy. don't know where but we are still sorting it out...living isolated from politics and all the madness of the world, stock good guns, ammo food...that's my next mission.
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Joined: Nov 2004
Posts: 10,697
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2004
Posts: 10,697 |
When (not IF) a Dem takes the WH again, and they have control of both houses I wouldn't be at all surprised if they go after the 401k's. There was already some talk about it when Obama was in office.
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Joined: Aug 2012
Posts: 5,491 Likes: 1
Campfire Tracker
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Campfire Tracker
Joined: Aug 2012
Posts: 5,491 Likes: 1 |
When (not IF) a Dem takes the WH again, and they have control of both houses I wouldn't be at all surprised if they go after the 401k's. There was already some talk about it when Obama was in office. They will go after the wealth where ever it is. They will need it to help pay for all their election promises.
Life can be rough on us dreamers.
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Joined: Aug 2017
Posts: 9,088 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2017
Posts: 9,088 Likes: 5 |
When (not IF) a Dem takes the WH again, and they have control of both houses I wouldn't be at all surprised if they go after the 401k's. There was already some talk about it when Obama was in office. They will go after the wealth where ever it is. They will need it to help pay for all their election promises. I think they are gonna go after Roth's. They can't stand the Roth loophole and that people are making money tax free.
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Joined: Aug 2017
Posts: 9,088 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2017
Posts: 9,088 Likes: 5 |
I retired at 51. Ill be 73 in a month. It was the best move I ever made. I have heard lots of guys later in life say they wish they would have spent more time with their family, or traveling or whatever. Never heard one say they wished they could have spend a few more shifts on the job. Then you dont talk to many people. Start asking the people who had to quit working because of health problems. Every retired Male relative I have ever known wanted to work longer. I don't know many who said they wished they'd worked longer. I am ready to exit but will probably hang on a few more years. I've already starting moving a portion of investments out of equities and into more conservative vehicles. I ain't gonna live until I'm 80. I've worked way too much and have a long history of early death. If I make it till 65 my wife is gonna be pissed.
Last edited by TimberRunner; 07/22/19.
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