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retirement planning

I'm gonna guess that was a late 5:28am and not an early 5:28am.
 
Blankpage said:
They're good if you don't need them. Don't happen to have a recent quote for open heart surgery or a liver transplant?
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High Deductible plans/ HSA have out of pocket maximums for that cover open heart surgery. The idea with a HSA is to save pre-tax and not get taxed when you use it. You can also use your HSA for retirement. You can switch over to a HMO/PPO plan when it makes sense. Employers may make ups to $2000 contributions to your HSA to make up for the insurance difference.
 
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The only people that want to live to a hundred are the 99 year olds.
 
OP, maybe you could sell the house and buy a warehouse in Oakland and open it to riders who you screen thoroughly. Then build apartments inside, set it up as a co-op, and have one humongous garage for rider get-togethers and free wrenching.

I'll take Apt. 2. :laughing
 
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bojangle said:
Slow the fuck down and pull off the road. :laughing



I'm guessing the 98 year olds have something to say about it too.
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:laughing

Thought 60 was ancient until I turned 50. I thought 70 was ancient until I turned 60. I'm 74 now and am old as fuck. :party:party:x
 
afm199 said:
:laughing

Thought 60 was ancient until I turned 50. I thought 70 was ancient until I turned 60. I'm 74 now and am old as fuck. :party:party:x
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And still wise as fuck! Thank you for your sage advice over the years Ernie. Happy New Year!
 
afm199 said:
:laughing

Thought 60 was ancient until I turned 50. I thought 70 was ancient until I turned 60. I'm 74 now and am old as fuck. :party:party:x
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I have something to look forward to in 4 years. OAF :afm199
 
true that you won't be pissed off that you died suddenly while waiting for one more year of retirement.

but you would be pissed off if you got diagnosed with some sort of stage 4 thing, or if you got in a debilitating wreck, or etc.

Money isn't everything. Time is. Choose how to use it as you will.
 
kevin 714 said:
FYI there’s massive evidence that working into retirement age, even for larger pensions, significantly reduces life expectancy
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Man Kevin, not sure who you spend your time working around but, I see guys in their 70's and 80's in the ag business and some in the construction business that are still working and going strong. Every time one of them quits and stops they are dead within 6 months. Now, they do not bust out 12 hour days but most still put in a good 6 hours.
The guys I worked with in Defense Electronics years ago who did not have a side gig had a lot of trouble after retirement. More than a few didn't make it past 2 years..

I'll never retire, I enjoy farming and some aspects of business. Bringing a crop in and being outside working during the different seasons is a great way to live in my book..
 
oobus said:
Man Kevin, not sure who you spend your time working around but, I see guys in their 70's and 80's in the ag business and some in the construction business that are still working and going strong. Every time one of them quits and stops they are dead within 6 months. Now, they do not bust out 12 hour days but most still put in a good 6 hours.
The guys I worked with in Defense Electronics years ago who did not have a side gig had a lot of trouble after retirement. More than a few didn't make it past 2 years..

I'll never retire, I enjoy farming and some aspects of business. Bringing a crop in and being outside working during the different seasons is a great way to live in my book..
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My family is from Iowa. Dirt farmers. Pop used to tell me the story of Oat Tuttle (Otis.) He lived alone on the farm, worked every day, and died at 104.

Then there was pop. He went and got edumacated and died at 61.
 
This thread popped up at a good time for me. Just a few years ago, I was smacked in the face with the realization that I was much closer to my retirement years than I was to college, and I had not put any effort into saving for retirement. I panicked and kinda settled into the idea that I was going to have to work well into my 70's.

Well, it turns out that it doesn’t take all that long to catch up. Just a few years later, after aggressively saving and maxing out retirement contributions, I’m in a much better place mentally and financially.

During the process, I realized that while I was aggressively putting money away, I was living very comfortably on less than a third of what I was making. I had no idea that one of the benefits of the process was to teach myself how to live on much less money. I now look at large purchases in terms of how long it will delay my retirement if I make the purchase.

I now have a plan to pay off my place in 10 years, and I will be in a position to make a retirement decision when I’m 58.

Now that I’m in a good place, I have to figure out what the heck to do in retirement. The thought of living on a boat in Washington and going fishing every day is quite romantic, but I’m sure that it wouldn’t take long before I'd get bored with that. But, this thread has taught me that the financial stability is only part of the retirement planning. I also have to figure out what I want to do to pass the time.

Thanks for all the thoughts. I hope this thread continues and more people post their retirement plans and stories here.
 
My plan is simply to save as much as I can for as long as I can, and then use as little of it as humanly possible in retirement, and leave everything to my kids. Both of my kids have serious health issues and I expect they will need every penny we've got. If I cut back on working in retirement, I'm going to cut back on lifestyle accordingly. I'm enjoying the house I'm living in now, because I know it'll be gone once I retire.
 
Anyone know of a good online retirement planner. I am looking for one that would let you move money between stocks, bonds and rentals. Say putting $250k into rental property vs stocks. Adjust cost of living for the area you want live. I also want to put larger expenses in every few years.

Most of the retirement calculators I have seen just have how much to put away now to have so much in the future.
 
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