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Joined: Nov 2005
Posts: 22,736
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2005
Posts: 22,736 |
While I don't take "stock" in many of these articles - this one is a good wake up call. Never forget about the power of compounding interest. Take action now....... https://www.marketwatch.com/story/t...retirees-2019-07-18?mod=mw_theo_homepage
My home is the "sanctuary residence" for my firearms.
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Joined: Dec 2010
Posts: 14,408
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2010
Posts: 14,408 |
just get a schit ton of credit cards right before you want to retire and load them up and pay minimum payments rolling them from one to the other until you drop. rob a convenience store once a year or so for vacation money. you can get away with one or two of those with little or no jail time. saving money is for suckers.
My diploma is a DD214
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Joined: Dec 2004
Posts: 14,488
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2004
Posts: 14,488 |
You can always sell a kidney when you think you're about halfway to the dirt nap.
Don't be the darkness.
America will perish while those who should be standing guard are satisfying their lusts.
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Joined: Mar 2001
Posts: 12,156
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2001
Posts: 12,156 |
You can always sell a kidney when you think you're about halfway to the dirt nap. Gotta sell the kidney when you're young, nobody wants to pay top dollar for an old worn out kidney.
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Joined: Sep 2012
Posts: 2,613
Campfire Regular
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Campfire Regular
Joined: Sep 2012
Posts: 2,613 |
My tactic: Don't retire. I've studied retirement and retired people. Seems pretty boring.
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Joined: Apr 2011
Posts: 151,606 Likes: 11
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,606 Likes: 11 |
I have teachers retirement, I’ll get 80% of my best three years. We are working 60 hours a week, so that’s that’s improving my situation.
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Joined: Dec 2004
Posts: 14,488
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2004
Posts: 14,488 |
You can always sell a kidney when you think you're about halfway to the dirt nap. Gotta sell the kidney when you're young, nobody wants to pay top dollar for an old worn out kidney.
* * * MONDAY SPECIAL! * * *One well used and thoroughly proven kidney. Lifetime guarantee. vvvvvvvvvvvvvvvvvv50% off! Use discount code gottahaveit
Don't be the darkness.
America will perish while those who should be standing guard are satisfying their lusts.
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Joined: Feb 2007
Posts: 11,774
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2007
Posts: 11,774 |
Good article
Retired at 61 and love it.
NRA Patron
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Joined: Apr 2011
Posts: 151,606 Likes: 11
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,606 Likes: 11 |
I prefer to keep my kidneys!
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Joined: Mar 2013
Posts: 27,091
Campfire Ranger
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Campfire Ranger
Joined: Mar 2013
Posts: 27,091 |
My kidneys are shot. Need other ideas.
Last edited by mtnsnake; 07/22/19.
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Joined: Feb 2010
Posts: 3,842
Campfire Tracker
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Campfire Tracker
Joined: Feb 2010
Posts: 3,842 |
My coworker likes to point out that the homeless people under the bridge are retired.
It's all in what lifestyle you want to have.
Quando omni flunkus moritati
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Joined: Jun 2012
Posts: 4,774
Campfire Tracker
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Campfire Tracker
Joined: Jun 2012
Posts: 4,774 |
Marketwatch had an opinion piece saying that there is no retirement crisis a week ago, it's in the counterpoint of this piece. I dont know if there is or not. If you want to be rich, stop spending your money, simple as that.
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Joined: Dec 2003
Posts: 2,244
Campfire Regular
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Campfire Regular
Joined: Dec 2003
Posts: 2,244 |
Getting old is gonna suck, but it would suck a lot worse if I were broke.
Glad I am on track to reach my retirement goals.
"There's no schadenfreude like Hillary Clinton schadenfreude."
- Tamara Keel
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Joined: Apr 2011
Posts: 151,606 Likes: 11
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,606 Likes: 11 |
Keep in working, if you are working, some other SOB can’t have your job!!
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Joined: Jun 2006
Posts: 10,497
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2006
Posts: 10,497 |
Over 40 years ago I realized that the easiest way to make money is to have money. Study up on the dynamics of compound interest and think about it. I'm glad I began saving in my late 20's and wish I'd started even sooner. After a few decades it really piles up if you keep adding to it.
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Joined: Jun 2006
Posts: 2,342
Campfire Regular
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Campfire Regular
Joined: Jun 2006
Posts: 2,342 |
Wild card in retirement planning is health and health insurance. Both seem to closer to a lottery than a rational business transaction. Irregardless, it is critically important stuff.
Imagine your grave on a windy winter night. You've been dead for 70 years.
It's been 50 since a visitor last paused at your tombstone.....
Now explain why you're in a pissy mood today.
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Joined: Sep 2004
Posts: 29,383
Campfire Ranger
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Campfire Ranger
Joined: Sep 2004
Posts: 29,383 |
Wild card in retirement planning is health and health insurance. Both seem to closer to a lottery than a rational business transaction. Irregardless, it is critically important stuff. The Dems think people that have IRA's and 401K's are wealthy. Do not put it past them to try to seize assets in the future.
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Joined: Dec 2004
Posts: 14,488
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2004
Posts: 14,488 |
My kidneys are shot. Need other ideas. I hear you can survive with half a liver.
Don't be the darkness.
America will perish while those who should be standing guard are satisfying their lusts.
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Joined: Aug 2012
Posts: 5,471
Campfire Tracker
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Campfire Tracker
Joined: Aug 2012
Posts: 5,471 |
My tactic: Don't retire. I've studied retirement and retired people. Seems pretty boring. This is my plan ,keep working but doing how much I want and with who I want. I hope it works out for me. LOL.
Life can be rough on us dreamers.
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Joined: May 2010
Posts: 7,359
Campfire Tracker
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Campfire Tracker
Joined: May 2010
Posts: 7,359 |
My tactic: Don't retire. I've studied retirement and retired people. Seems pretty boring. In the unlikely event that I’m bored, I just take a nap. Retirement is wonderful.
"When the going gets weird, the weird turn pro."
Hunter S. Thompson
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