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Joined: Dec 2013
Posts: 44,248
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,248 |
I retired the week that obuma was elected.
The wife said to me. "You've got five years left in you."
I told her, "I'm not giving it to them." Great quote.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Dec 2013
Posts: 44,248
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,248 |
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...Word.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Jan 2019
Posts: 166
Campfire Member
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Campfire Member
Joined: Jan 2019
Posts: 166 |
If a democrat is elected....ima gonna do like I did last time.
Get drunk and carry on like always. What will you do when they make Alcohol illegal ? and introduce sharia law.
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Joined: Jun 2007
Posts: 29,786
Campfire Ranger
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Campfire Ranger
Joined: Jun 2007
Posts: 29,786 |
Sounds a lot like the lefties moving to Canada if they didn't get their way.
You are working for yourself, not some poncy lefty so don't use them as an excuse.
These are my opinions, feel free to disagree.
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Joined: Aug 2004
Posts: 28,196
Campfire Ranger
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Campfire Ranger
Joined: Aug 2004
Posts: 28,196 |
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? Well what is your reasoning, how does a democrat enter into your decision, paying taxes?
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Joined: Feb 2013
Posts: 6,454
Campfire Tracker
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Campfire Tracker
Joined: Feb 2013
Posts: 6,454 |
To gross 2500 per month from a 401K you need about
2500X25X12= about 750K in an account. Naturally if you wanted to clear 2500 then you need tax allocation.
3333X25X12= the cool 1 million dollar figure that people toss around. This is the 4% rule designed to allow a nominal 30 year nest egg. 3333 would probably get the 2500 after tax net. So a million is not that much anymore.
Social security is about 20% of your highest pay as an estimate at 62 if you have 20+ or so years, I forget. But probably 1800/mo?
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Joined: Aug 2005
Posts: 15,680
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 15,680 |
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. Yep. They wanted to nationalize private retirement accounts.
![[Linked Image from i.pinimg.com]](https://i.pinimg.com/originals/98/b6/d8/98b6d863a5f722b551cd8e1440bd2bd4.jpg) Z
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Joined: Mar 2006
Posts: 8,311
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2006
Posts: 8,311 |
If a democrat is elected....ima gonna do like I did last time.
Get drunk and carry on like always. What will you do when they make Alcohol illegal ? and introduce sharia law. Uphoald my Oath...…...
~Molɔ̀ːn Labé Skýla~
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Joined: Jan 2006
Posts: 69,327
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2006
Posts: 69,327 |
In the past there have been Dem plans to federalize retirement plans, IRA's, 401K's, etc. They take them, give your money to those who don't work, then pay you a monthly allowance. If they get control of both houses, expect these plans to quickly reemerge.
“In a time of deceit telling the truth is a revolutionary act.”
― George Orwell
It's not over when you lose. It's over when you quit.
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Joined: Jun 2003
Posts: 389
Campfire Member
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Campfire Member
Joined: Jun 2003
Posts: 389 |
To be clear: It does not matter who wins the next election. Whoever gets elected will not make you sick, or keep your from getting sick. Or make you eligible for social security or medicare one day sooner.
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Joined: Jul 2019
Posts: 37
Campfire Greenhorn
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Campfire Greenhorn
Joined: Jul 2019
Posts: 37 |
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. Hey Monkey-Man, I have the pasture all mowed so you can collect the Troll Patrol and come here for "The Great Pindale Campfire" you promised all those years ago. Of course several have died and one killed by drug mules but you can probaably round up enough to fill the hole. You're cuter than ever ! ![[Linked Image]](https://i.imgur.com/qwkMSyx.jpg)
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Joined: Jun 2006
Posts: 10,492
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2006
Posts: 10,492 |
If a democrat wins the presidency, they will promise us everything, give us nothing, and then blame it on something else. Like Republicans, or climate change, or whatever. Sound familiar ? It's called "Fundamentally transforming America", and it will be the "new normal".
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Joined: Dec 2008
Posts: 8,304
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,304 |
If a democrat gets elected, I'm planning on becoming the largest warlord in the NW in the economic chaos that will follow. I'll be taking applications for regional lieutenant warlords after the election. The vice grand warlord position will be picked via a beauty pageant, no application necessary 
"Life is tough, even tougher if your stupid"
John Wayne
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Joined: Oct 2011
Posts: 59,059
Campfire Kahuna
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Campfire Kahuna
Joined: Oct 2011
Posts: 59,059 |
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. Hey Monkey-Man, I have the pasture all mowed so you can collect the Troll Patrol and come here for "The Great Pindale Campfire" you promised all those years ago. Of course several have died and one killed by drug mules but you can probaably round up enough to fill the hole. You're cuter than ever ! Larry Root!! You stupid son of a bitch!!
Paul
"I'd rather see a sermon than hear a sermon".... D.A.D.
Trump Won!, Sandmann Won!, Rittenhouse Won!, Suck it Liberal Fuuktards.
molɔ̀ːn labé skýla
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Joined: Apr 2011
Posts: 151,209
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,209 |
Who the hell is Larry Root??
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Joined: Dec 2010
Posts: 14,408
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2010
Posts: 14,408 |
my plan is to retire in may 2024. i think this country will be in the schitter thereabouts for a decade or more so i am rethinking it.
My diploma is a DD214
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Joined: Jun 2003
Posts: 3,871
Campfire Tracker
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Campfire Tracker
Joined: Jun 2003
Posts: 3,871 |
Nealglen: Think about your health, and how it may change as you age. The amount of money you will spend for medication and medical treatments and care will increase with age. Will you be eligible for Social Security as well as your pension? You will not be medicare eligible until 65, and one serious illness can result in bankruptcy. Can one still plan on Medicare or will the age change just like benefits has?? Cheers NC
don't judge until you have walked a mile in other persons' moccasins'
SUM QUOD SUM........HOMINEM TE ESSE MEMENTO
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Joined: Oct 2010
Posts: 1,387
Campfire Regular
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Campfire Regular
Joined: Oct 2010
Posts: 1,387 |
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? Any idea you might consider: draw your monthly retirement but get a job you like that pays your health insurance. But don't change your spending habits. Get paid from your monthly retirement and then work for a paycheck. That way you stockpile money while double dipping. And if the new boss is an arse, tell him to kiss yours. It's a great feeling.
Last edited by flagstaff; 08/26/19.
"Successful is leaving something in better shape than you inherited it in. Keep that in mind, son." Dad
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