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A New Life Form Detected: Retirement

rhinefire said:
Retired last month and I must tell you it is more than my wildest dream. I suggest to all no matter what or how hard it may be start putting money away now. This new life is like a second childhood minus having to do chores! I worked tons of hours the past ten years and all my co-workers shook their heads asking "why"? This is why, freedom from any money worries so no worries of any kind, It's your life, don't ignore tomorrow because there has always been tomorrow so be ready to make some sacrifices today to get there. Life is wonderful!
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Welcome to the club.


One month eh? You'll be bored soon enough
 
Cardinal said:
Four million, excuse me.

Best Retirement Calculator

If I want to live on my current income in the city, with 6.5% return on stocks and 3% inflation, that's what I'll need. It's also presuming I'll live to 100 which may be optimistic, but it's better than planning for kicking the bucket at 90 and finding that I'm a lot healthier than i thought I'd be.
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I only have about a mil stashed away. The trick is to find a job where you can build four pensions at the same time. Well, one is a 401k.
 
rhinefire said:
Retired last month and I must tell you it is more than my wildest dream. I suggest to all no matter what or how hard it may be start putting money away now. This new life is like a second childhood minus having to do chores! I worked tons of hours the past ten years and all my co-workers shook their heads asking "why"? This is why, freedom from any money worries so no worries of any kind, It's your life, don't ignore tomorrow because there has always been tomorrow so be ready to make some sacrifices today to get there. Life is wonderful!
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I wish I could say that I didn't have any chores. I work harder now than I did when I was working. Now it is mostly physical as before it was sitting on my butt. The wife isn't retired yet so I do the cleaning, cooking, tree chopping, remodeling, snow plowing, log milling, truck fixin and furniture building.

You are right about the sacrifices to get to a place where you don't have to sacrifice. Good on ya.
 
Glen Contrarian said:
My Darling and I are seriously considering the south of Spain, hopefully not too far from Rota since there's a Navy base there. Got any suggestions?
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Long ago in 1968-9 I worked in La Coruna, Spain and found the people their friendlier that one can imagine but things have changed so I cannot speak about today but those folks do know how to live!
 
Riveroaks said:
I am working retired. I draw from my retirement funds as required but I still save money for the future.

WHERE DO YOU GET NO CHORES ???

I agree with Auntie S. on this.

Every morning I feed the cats and rake the litter boxes.

Then I get cleaned up and dressed.

Then I take out the trash and pick up other people's litter on the way to the dumpster.

Then I do dishes from the day before while breakfast (usually a microwaved cheese burrito aka kaesedia) is cooking.

I don't have enough dishes to fill the dishwasher so I just use it for a drying rack.

Then I either meet with clients, go to meetings with staff, or work from home at my workstation set up -- 3 screens & 1 laptop & 1 printer/scanner.

Sometimes I sweep.

Sometimes I vacuum.

Sometimes I do laundry.

The bathroom needs cleaning sometimes.

WHERE do you get NO CHORES ???
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Yipes! Some of you people need to pull your heads out of your butts! By "no" chores I don't mean I am a bug in amber. Of course there are things to do, how stupid can one be? My intention was I do them how and when I please. If I want to drive to the coast in Galveston or fly to Kookamunga I do so anytime I please and if the floor isn't swept who gives a #$%@? I'll sweep it whenever I damn well please.
 
Winchester said:
Where did the 4.5 million come from?
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Expensive lifestyle perhaps. I determining my own retirement I calculated how much I will need to retire "comfortably". Retiring if you plan to maintain your current lifestyle, requires a good chunk of change. I never considered retiring if I am going to have to pinch pennies. I exceeded my numbers calculated by slightly less than 1/2 million just so I could come and go as I please in retirement. I worked in the past 10 years seven days a week and averaged about 80-90 hours per week. This is not uncommon in the offshore oil production business , ask anyone who works in it. I simply told myself to gobble up all the hours I could and invest that money wisely/conservatively and now I feel great that the "sacrifice" has paid off.
 
Winchester said:
Truth. Start saving early... it seems like it takes forever to build up, but it will happen. I do not want to retire with a small pension and SS, I don't want to have to worry about finances ever.
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Bullseye! My father made me understand money at a very young age. I always saved money and worked in a store when I was nine years old making 35 cents per hour. I shoveled snow, mowed grass and raked leaves around the neighborhood even though my dad gave me a small allowance, worked all through high school in a grocery store and college cleaning staff offices. I loved working and knew it was my only avenue to a comfortable retirement. Most of the people I knew and worked with thought very little of retirement days and now they a scared because the money they made the spent as soon as they made it. This is now paradise!!
 
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