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Joined: Feb 2004
Posts: 46,745
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2004
Posts: 46,745 |
Good article Retired at 61 and love it. My plan is 62. I have 21 years to build on what I have. Hopefully it will work!
Camp is where you make it.
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Joined: Dec 2013
Posts: 44,356 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,356 Likes: 7 |
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: Nov 2007
Posts: 6,960
Campfire Tracker
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Campfire Tracker
Joined: Nov 2007
Posts: 6,960 |
Yeah, like I tell the folks that ask when I'm going to get a part time job. "You folks that can't see not working in retirement just don't have enough imagination." Or a life for some of them.
Last edited by m_stevenson; 07/23/19. Reason: Punciation and spelink
Mark
NRA Life Member Anytime anyone kicks cancers azz is a good day!
~Molɔ̀ːn Labé Skýla~
Oh The Drama!
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Joined: Jun 2019
Posts: 9,924 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2019
Posts: 9,924 Likes: 1 |
House, 100 acres, cars, motorcycle and boats paid off before I retired.
Medical insurance for life, myself and my wife, thanks to working for half pay for the public education system for 30-something years. VA medical when necessary.
Work for cash, when and where I want, making more than I did when I had a real job. Pay taxes on the pittance pension I receive.
That's the "retirement" plan I've been living for almost 10 years!
Work hard and early, pay your bills, and coast to the finish line!
Ignorance can be fixed. Stupid is forever!
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Joined: Dec 2013
Posts: 44,356 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,356 Likes: 7 |
Yeah, like I tell the folks that ask when I'm going to get a part time job. "You folks that can't see not working in retirement just don't have enough imagination." Or a life for some of them. m_stevenson, I hear ya. A part time job here just means putting up with rude azzholes from the 4 schithole corners of the earth that you just want to beat with a baton. Not to mention, I make more $$$ doing nothing now than I ever did working for the man. Bored? I don't think so. LMAO.
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 2006
Posts: 5,651 Likes: 1
Campfire Tracker
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Campfire Tracker
Joined: Jan 2006
Posts: 5,651 Likes: 1 |
If anyone thinks retirement means boredom they are sadly mistaken. Wife and I are busier now than ever. She retired from her second career at 58, I retired from the USAF at age 39. I wouldn't go back to work for $50 an hour
My biggest fear is when I die my wife will sell my guns for what I told her they cost.
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Joined: Nov 2005
Posts: 10,282
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2005
Posts: 10,282 |
Ready, no, then again I don't see myself ever completely retiring. 24 hours a week someplace probably.
But, on 4/30/24 I will report to work with everything I was issued in a big trash bag. I will have a change of clothes with me so absolutely everything is there. When I hear those gates close behind me it will be for the last time, never to enter my world again. I told the wife we ain't ready but I don't care. My out date is 4/30/24 and not a damn thing except death will stop me.
Welcome to Walmart. Really, selling guns is my strong suit. I can sell those guns because I know what I'm doing and I educate the customer rather than act like he's stupid and I'm superior. Hell, I walk into a gun shop as a customer and end up selling a gun.
The older I become the more I am convinced that the voice of honor in a man's heart is the voice of GOD.
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Joined: May 2003
Posts: 31,259 Likes: 3
Campfire 'Bwana
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Campfire 'Bwana
Joined: May 2003
Posts: 31,259 Likes: 3 |
Start early, take your 10% for investing FIRST, and if you can't afford toys after taking that share, don't buy the toys.
Cleverly disguised as a responsible adult.
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Joined: Nov 2007
Posts: 8,456 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2007
Posts: 8,456 Likes: 2 |
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. I agree with you but it doesn't stop with the Dems unfortunately. The Republicans are sharpening their knives in preparation to attack public sector employees with pensions with every bit as much relish as the Democrats are eying those with IRAs and 401Ks. When people ... of either party ... have invested 30+ years of their lives and sacrificed to prepare for retirement, it's not right for anyone, of either party, to steal their savings or back out of contractual obligations which others have honored for decades. Tom
Anyone who thinks there's two sides to everything hasn't met a M�bius strip.
Here be dragons ...
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Joined: Dec 2011
Posts: 4,147
Campfire Tracker
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Campfire Tracker
Joined: Dec 2011
Posts: 4,147 |
Don't get divorced.... It will kill your 401k AND all of your other investments too !
James Pepper: There's no law west of Dodge and no God west of the Pecos. Right, Mr. Chisum? John Chisum: Wrong, Mr. Pepper. Because no matter where people go, sooner or later there's the law. And sooner or later they find God's already been there.
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Joined: Jun 2012
Posts: 4,774
Campfire Tracker
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Campfire Tracker
Joined: Jun 2012
Posts: 4,774 |
Don't get divorced.... It will kill your 401k AND all of your other investments too ! Don't get married, then the issue won't come up.
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Joined: Sep 2004
Posts: 29,383
Campfire Ranger
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Campfire Ranger
Joined: Sep 2004
Posts: 29,383 |
Don't get divorced.... It will kill your 401k AND all of your other investments too ! I've known some to do that in their late 50's. The Man is almost always the winner in the $$$$ department after that.
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Joined: Jan 2012
Posts: 329
Campfire Member
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Campfire Member
Joined: Jan 2012
Posts: 329 |
I just retired 23 days ago at 56. I took an early reduced pension, but have a lot of savings and real estate that can support our retirement in comfort. My original plan back when I started was to retire at 59, but our financial situation was good enough to allow us freedom a little earlier. I don't know anybody who isn't enjoying retirement, and I doubt I'll have any problems making the adjustment. I wanted to retire when still young enough to hunt, fish, surf, hike and travel. I'll make knives in my spare time and can always go back to work if I need or want to. In my life time up here in Canada, real estate has been the best investment. Even the house we live in has quadrupled in value in 18 years. My only mistakes along the way was selling houses. If I'd hung on to all of them, I'd have retired before my pension could kick in.
Things I've learned along the way regarding the stock market:
"buy when there's blood in the streets" "bulls make money, bears make money, pigs get slaughtered"
The previous advice about divorce is sound, although a friend of mine went through a divorce recently and said it was worth every penny. He said it was like having a 150lb tumor removed.
One of the benefits of being Canadian is not having to worry about health care.
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Joined: Jan 2012
Posts: 9,381
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2012
Posts: 9,381 |
Money is easy, time is hard. I could have retired 10 years before I did but had a fun job that paid very well. Retirement has to be experienced to be believed and there is a wonderful world out there to see and experience. Don't waste a moment of true freedom.
mike r
Don't wish it were easier Wish you were better
Stab them in the taint, you can't put a tourniquet on that. Craig Douglas ECQC
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Joined: May 2010
Posts: 7,359
Campfire Tracker
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Campfire Tracker
Joined: May 2010
Posts: 7,359 |
Money is easy, time is hard. I could have retired 10 years before I did but had a fun job that paid very well. Retirement has to be experienced to be believed and there is a wonderful world out there to see and experience. Don't waste a moment of true freedom.
mike r Yes, one can say “just one more year”, “just one more year” forever. There comes a point in one’s life when time is far more valuable than money.
"When the going gets weird, the weird turn pro." Hunter S. Thompson
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Joined: Dec 2013
Posts: 44,356 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,356 Likes: 7 |
Don't get divorced.... It will kill your 401k AND all of your other investments too ! Create a better life and income for yourself AFTER the divorce. Problem solved. Actually, problem non-existent and long forgotten.
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 2010
Posts: 14,408
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2010
Posts: 14,408 |
this is where i make a comment about how smart i am and how good i have it so you can look at your situation and feel bad.
My diploma is a DD214
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Joined: Feb 2007
Posts: 11,774
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2007
Posts: 11,774 |
I would not at all rule out that the government will make social security “means tested”. Meaning if you managed your finances, saved a lot, have a 401k, or pension, or both, the government will eliminate or reduce your SS payment and give it to others who “need” it. I don’t see this as imminent, but it sure could happen.
NRA Patron
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Joined: Aug 2017
Posts: 9,067
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2017
Posts: 9,067 |
My tactic: Don't retire. I've studied retirement and retired people. Seems pretty boring. I work like a dog. I've got a million projects I can't do cause I never stop working. Can't wait to retire.
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Joined: Jan 2002
Posts: 12,853 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,853 Likes: 4 |
I would not at all rule out that the government will make social security “means tested”. Meaning if you managed your finances, saved a lot, have a 401k, or pension, or both, the government will eliminate or reduce your SS payment and give it to others who “need” it. I don’t see this as imminent, but it sure could happen. It's going to happen. My job is to make sure it doesn't matter if it does. Now, granted, I don't really see myself fully retiring until my dotage, at least according to the current succession plan, and I expect to create an income well into my 70's, so I really don't much care about SS. The stinger would be if they means tested medicare. Can you imagine what the health insurance premiums would be at 90?
Sic Semper Tyrannis
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