Thread: Retirement...how much and when.

15% of your pay over 300-400 years must yield a hefty sum.

Originally Posted by Dale Mabry

15% of your pay over 300-400 years must yield a hefty sum.

Enough to have you buried right next to Jimmy Hoffa. Say hi to him for me.

I picked:

10%
65-70 &
Work like a slave till I die

(Although I am soon to be starting my 3rd career)

I will retire by the time I'm 50. IRA's, 401K's, Stocks and other investments.

Originally Posted by Jodi

I will retire by the time I'm 50. IRA's, 401K's, Stocks and other investments.

Wow, that's like, what, three or four years from now???


























**ALBOB runs and hides.**

Poor Jodi just gets bashed everytime she comes in here

Instead of answering this sarcastically I'm gonna say this instead...............

I wish it was only 4 years, but that's another 17 years from now.

Originally Posted by Jodi

Instead of answering this sarcastically I'm gonna say this instead...............

I wish it was only 4 years, but that's another 17 years from now.

Beats the heck out of that slave thing!

Originally Posted by Jodi

Instead of answering this sarcastically

What the Hell?!?!?!? That was one of the best slams I've come up with in months and you just brush it off???? OK damnit, GAME ON!!!

At least w8lifter used to give me a good "STFU".

I'm proud of you Jodi

I understand preparing for your future by building a nice nest egg is required. What I don't get is why everyone is in such a hurry to retire? I can't see myself ever retiring. Not because of financial reason but because I believe you stay mentally sharp the more you work. Also, I really enjoy my career.

And some people work after retirement...

Thats why I selected the "slave till I die" option as well

Originally Posted by largepkg

I understand preparing for your future by building a nice nest egg is required. What I don't get is why everyone is in such a hurry to retire? I can't see myself ever retiring. Not because of financial reason but because I believe you stay mentally sharp the more you work. Also, I really enjoy my career.

I think travelling the world, going on cruises and volunteer work will keep my mentally sharp and feeling great. I'm not your average vacationer I like to hike, swim, camp etc....At least at 50 I'll have many years to enjoy doing this things whenever I want.

Originally Posted by Jodi

I think travelling the world, going on cruises and volunteer work will keep my mentally sharp and feeling great. I'm not your average vacationer I like to hike, swim, camp etc....At least at 50 I'll have many years to enjoy doing this things whenever I want.

Fair enough I guess, but can't you do those things now? I take at least two long vacation a year with a couple smaller ones thrown in. Maybe I'm strange but I actually enjoy coming home from a long vacation. Those things always burn me out.

With my work schedule I'm way to busy and it won't ever happen. I'm lucky if I have the time to take a week off and i'm given 4 weeks vacation a year too

Originally Posted by largepkg

Fair enough I guess, but can't you do those things now? I take at least two long vacation a year with a couple smaller ones thrown in. Maybe I'm strange but I actually enjoy coming home from a long vacation. Those things always burn me out.

How much stuff do you try to cram into those two vacations? Maybe you're so worn out from trying to do it all in such a short time, THAT'S why you look forward to coming home. Me, I want to travel the world and enjoy myself. That includes doing everything in a RELAXING manner. Not too rushed. The sooner I get to start the better.

P.S. to Jodi: You're short.

Originally Posted by ALBOB

How much stuff do you try to cram into those two vacations? Maybe you're so worn out from trying to do it all in such a short time, THAT'S why you look forward to coming home. Me, I want to travel the world and enjoy myself. That includes doing everything in a RELAXING manner. Not too rushed. The sooner I get to start the better.

Without a doubt, I'm trying to get as much in as possible. I'm one who loves my routine. Without it I'm lost. I play two different sports in three different leagues, and I enjoy the hell out of it.

Traveling the world really doesn't appeal to me. Maybe checking a few other countries out would be cool, but I could only do that for so long before I got home sick.

Vacations RULE!

And I'm coming due for a long one!

Originally Posted by PreMier

I sell financial coaching for a living right now, and within the next 3 years I will have a coach. Once I do, I will be able to retire within 10 years, on 80%+ of the income I make now. If I keep working that goes up substantially.

Can you be more specific? Exactly what are you investing in?


Mutual Funds (401ks, IRAs):

Over 50% of Mutual Funds did not keep pace with inflation over the last 20 years.

Pick wisely.