[quote=victor809]I hope to retire around 90. If I'm lucky.[/quote]

How can a hard charging, well educated, well compensated ashehole like you have to work until you are 90?!

Did you marry Danm's wife too?

[quote=pacman357]

Save, save, save.

Yeah. I fouled that up until I was 35. Playing catch up and fighting the temptation to get too aggressive while looking down the triple barrel of a inverted yield curve, the worst months for investing historically, and a probable upcoming recession is a nasty proposition.

Also, if you have not already done so, try to marry someone amazing to be there to catch you when you fall. At least I got one of those two things right.

My wife is cool and helpful. Unless I become too much trouble.

[/quote]

[quote=Panama Red1]I retired and immediately realized that i enjoyed working, I spent several years driving for Retirement communities(loved it) figure i will work till i'm 75(73 now)

Was the job you realized you loved the one driving retired people around, or what you ended up doing?

What did you miss about your job?

[/quote]

[quote=Mr. Jones]I was FORCED into ..."a sort of retirement"....

By: several things ...some normal, some totally abnormal...

i.e. my separation 2011 & divorce 2012....

Plus my mother was in failing health and needed a live in caretaker...

Then the entire FBI-SSG GANGSTALKING ONSLAUGHT

FROM WAY early 2013 till 2016 solid..off and on 2017 &2018.. now just some occasional H.U.T. INtrusions

By pissed off vindictive ROGUE FBI AGENTS or their

Hired early released felon scumbags forced into doing their bidding and dirty work... Inevitable workplace mobbing at any new normal job was totally unacceptable to me so it forced me into retirement and the grub existence I am in..

I got SS AT 62 because I absolutely had to...if I had a good job with decent pay??? I would've worked till I was 65 1/2..

For sure..

Staying at home is not for everybody and your spouse or girlfriend is not used to you home all the time...it can get stressful...

I recommend having a cabin to get away from the above mentioned personna's...it helps tremendously!!!

I recommend to start selling off crap you don't need...

Have yard/ garage sales 3? A year...

You make $$$ and get rid of clutter...

You rich guys may get a thrill trash picking , thrift store picking or flea mkt( picking and selling) a few times a year..

People throw away great stuff...and around my area it is always 80%++ in working condition !!! Or easily rehabbed and fixed ( and you have time to do it)

For you to use , sell or fix it and sell...

Baby your cars!! Nobody needs a car payment/ loan in retirement...always be on the look out for a cream puff used car that is super cheap...buy and use it..then sell your old car and make money on it.

Recycle and reuse....just remember...

METAL = $$$MONEY$$$

IF YOU HAVE ANYTHING METALLIC TO BE TRASHED

Make a pile and separate ferous and nonferous then go to the metal recycling yard twice a year and make money off your trash...SCREW THE TRASH MAN...SAVE YOUR OWN CANS FOR 6 months ...then get 3-4 cases of free beer from the metal money...

You've never made more sense than this post. Thank you, Mr.Jones.

[/quote]

[quote=8trackdisco]You've never made more sense than this post. Thank you, Mr.Jones.[/quote]

LOL.

[quote=tonygraz]Watch your finances particularly in the first few years. There will be some bad years.

What makes those initial years bad?

[/quote]

[quote=delta1]hah...the follow-up to the story is that the American started up a commercial fishing business in the area where the Mexican lived, and caught so many fish the Mexican had to leave or starve...

[/quote]

Do you work for Suicide Encouragement group? Geeze.

[quote=tamapatom]Maybe the Mexican didn't fish more because the corrupt local officials would take notice and extort him out of his extra profit. We have "too big to fail".......they have "too small to regulate and tax".[/quote]

*continuing the threadjack*

There are a plethora of potential inappropriate jokes around immigration, drug and gang jokes here.

[quote=RMAN4443]I heard the Mexican gave up fishing and crossed the border into 'Merica, and signed up for all the freebies being offered by AOC, Lizzie Warren, Bernie Sanders, et al, and never had to fish for food again.....8-[ [/quote]

And the swirling continues.

[quote=8trackdisco]Years ago I listened to Dave Ramsey, He had a cd series, something like Steps to Financial Freedom. Listened all the way through, applied all the rules- admittedly swapped a couple rules into a different order due to my abhorrence to debt.

I'd have to really find something I would love to want to go back to work after retiring. I don't get bored easy. There are more books, movies and documentaries than I could ever digest.

Have seen many more people outlive their their money, which is sad. Seems like the 1 in 5 people that die before they retire cause a bigger panic. Worked all those years and for what? Nuthin'.

Think that is part of why people retire earlier than they really should.[/quote]

For years I worked for Bechtel and had to wait to qualify for their saving program, they have no pension, it was a 401k like before there was 401k. Net result, I took pains to save, not wanting to count on Social Security. Once I got into 401k programs, most all of my raises went into savings for retirement. My financial advisor occasionally asks if I need more income, no I always answer, so one time he told me, "You know you're not going to run out of money." It made me feel pretty good, but I'd rather leave something to my kids, not a lot, but something.

Related.....

Any one have long term care insurance? Many years ago when I studied this, I concluded that the sweet spot to begin was around 54-57. Now, that am in that window, everything I read says the racket has sort of imploded....that may not be any more value to LTC insurance than putting the equivalent of the premiums under your mattress.

take a look at the medical conditions that require long term care and see if you are at high risk for several of them...

I chose not to because my family's medical history doesn't include most of them...

[quote=dstieger]Related.....

Any one have long term care insurance? Many years ago when I studied this, I concluded that the sweet spot to begin was around 54-57. Now, that am in that window, everything I read says the racket has sort of imploded....that may not be any more value to LTC insurance than putting the equivalent of the premiums under your mattress. [/quote]

From my understanding, it has imploded. A friend of mine sold it from about 2000-2005. Apparently the actuarial tables weren't well figured out- at least for the company he represented. They couldn't take in enough premium to pay out the then $2,500 a month it took for full assisted livings cost at that point.

The industry seemed to evaporate over the next couple years and he left the company.

[quote=dstieger]Related.....

Any one have long term care insurance? Many years ago when I studied this, I concluded that the sweet spot to begin was around 54-57. Now, that am in that window, everything I read says the racket has sort of imploded....that may not be any more value to LTC insurance than putting the equivalent of the premiums under your mattress. [/quote]

We started it closer to 60, about $240/month for up to $200/day after 90 days, but at this point we are closer to 70. We bought the policy from State Farm.

[quote=8trackdisco]Starting this thread based on a few things.

-Macs having the conversation with the bosses about handing up his star @ 50.

-Tonygraz's caveat of don't retire too early, and how things get more expensive than you think.

-Ram's work ethic and seeing him finally retire and his comment that each day is just another day.

There is a lot of retirement experience here. We working hacks could learn a lot from good decisions and mistakes if you are willing to share them.

As Frasier Crane would say- I'm listening.[/quote]

I retired at 50. Was peddling pickles within six months to cure boredom. At 54 I remodel homes. Don't retire until you have some activity to fill the void. Otherwise, you will be miserable.

[quote=Abrignac]I retired at 50. Was peddling pickles within six months to cure boredom. At 54 I remodel homes. Don't retire until you have some activity to fill the void. Otherwise, you will be miserable.[/quote]

oh, are you gonna take a beatin' for this

There ain't one mother fooker on his/her death bed that says, I should have worked more or longer.

Not fookin' ONE.

Retire when you can afford to. Fill the time with something you LIKE to do.

[quote=frankj1]oh, are you gonna take a beatin' for this[/quote]

Bet you were packin those pickles before you were peddling them...

(Didn’t want to disappoint you Frank)

[quote=frankj1]oh, are you gonna take a beatin' for this[/quote]

Probably will. I’ve got thick skin so I’ll be fine.

How are you buddy?

[quote=Abrignac]Probably will. I’ve got thick skin so I’ll be fine. [/quote]

Thank you Abrignac.

I feel like I’ve been surrounded by triggered millennials today...