Let's Talk Retirement.

Discussion in 'Lets talk Business!' started by Mikey P, Dec 27, 2017.

By Mikey P on Dec 27, 2017 at 1:46 PM
  1. Mikey P
    Mikey P

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    For some an ugly subject that gets put off year after year untill it's toolate but to kid yourself

    For others it's constant thought and probably thier main hobby.

    Some of us have working wives who may be able to float the boat once our backs can no longer devastate soiled floors as owner op super heros.
    Some, few, very few actually have a business with a value that can fund our survival
    Some are fit enough to wand their way into the grave.

    And some like @Radar Foster and @Wandslinger have it figured out with enough side action that they could quit today, make a few adjustments and be fine..

    Let's talk about what your parents did, what your kids will do and most importantly, what you're doing right now.
    Matt Wood and Derrick T. like this.

Comments

Discussion in 'Lets talk Business!' started by Mikey P, Dec 27, 2017.

    1. jcooper
      jcooper

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      I'm 47 and have a 4 &6 yr old. When my supposed "retirement age" comes they will be going to college.:headscratch: Really, I'm screwed!:biggrin: My only hope to not be a walmart greater is getting someone else to do the work(at some point).

      I'd imagine having some type of financial help/savings for what? At least 20 years would be extremely helpful.
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    2. jcooper
      jcooper

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      Heck, just getting a butler on anything other than a 7yr loan is great... Paid off in 2-3yrs! Go get um, Bob!:rockon:
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    3. Radar Foster
      Radar Foster

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      Damn I hate hearing hard working Americans taking out 7 year car loans and 30 year mortagages

      Anything more than 3-4 years on an auto loan is a bank heist interest wise... roughly 9 out of 12 monthly payments in the 7th year are INTEREST only!

      Poorly structured debt is the fiercest headwind to financial independence!
    4. hogjowl
      hogjowl

      @

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      I have retired state, military and federal friends who ask me when I’m going to quit working. They just don’t understand. They worked for 20 or 30 years to retire. I’ve owned my business for 30 years to survive. Survival has a deep affect on small business men. Same as it does on old farmers. Ever seen a farmer retire?

      I don’t know what I’d do if I didn’t have my business to go to every day. I’ll still be around long after I stop drawing a check.

      Unless I get sick.
      If I do, I hope I die.
    5. Mikey P
      Mikey P

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      Define "sic"....
    6. hogjowl
      hogjowl

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    7. PrimaDonna
      PrimaDonna

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      How he feels at the thought of being in a hot tub with you, Bob and one boobed me.
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    8. hogjowl
      hogjowl

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    9. Derrick T.
      Derrick T.

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      Swine flu..
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    10. hogjowl
      hogjowl

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      Ha ha ha
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    11. Derrick T.
      Derrick T.

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    12. Matt Wood
      Matt Wood

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      Retirement:

      Hoping all my debt is paid off so I can work very few hours during the week. I'm only 37 now, so I'll let you know 20years later how that goal is going.

      But seriously, I don't see me retiring. The wife has a 401k and some stocks, but it's not enough to live off of. If I can ever get out of debt, I'd like to invest in some rental property. If everything goes smooth in the next 5years, I'll be financially ahead and will make that move then. Right now, I'll just scraping a little dirt $$$ in the hole every month to dig my way out.
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    13. Mikey P
      Mikey P

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      Love the honesty from all.



      So no one has a rich relative that's going to hook them up?
    14. Chris A
      Chris A

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      Luckily my mom has a state teachers pension or she'd be looked. I doubt my dad will be able to retire. I was doing well putting money away in my ira until this past year when I bought the building and a new house that both needed work. I'm hoping by 2019 to be able to max contributions again once I get a few more projects done and paid for.
    15. bob vawter
      bob vawter

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      The secret to retirement is finding some dumb smuck with money that is dumber than you....
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    16. Radar Foster
      Radar Foster

      Mr Personality

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      Explains why it took you so long
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    17. hogjowl
      hogjowl

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    18. steve_64
      steve_64

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      Dad died at 63, just 3 years after retiring. He made a great living for not graduating high school. His retirement was selling his house in the burbs and moving to Michigan where he had bought land and had a double wife out in. Put all he could into 401k for five years and between him and mom they were getting almost ,$2500 a month at 62.
      Mons 77 now with just one debt from helping my brother with experimental medicine. Mom and brother live together on about $2500 a month.

      Bought our house on a ten year mortgage. Hope to have that paid off on time. Genny and I both started over when we met. In 4 years we have over doubled our income and still growing. Only been married two years and I'm 53 so we have a lot of catching up to do. I've been paying attention here.
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    19. bob vawter
      bob vawter

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      Look here Fred......the Sun and the moon and all the little stars lined up so perfectly the day that deal was signed.....
      My wife started her SS and unemployment at the same time as well as i.....AND YES IT CAN BE DONE..
      at that time unemployment was 99 weeks....
      I'm sure I told everyone thank you!

      The birds were singing and the sky was the prettiest blue I've ever seen...
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    20. Radar Foster
      Radar Foster

      Mr Personality

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      It was a joke ya goober

      If you throw me a hanging curve , I'm gonna knock it outta the damn park
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