Money...retirement

[1st choice restoration]

Do you have an amount that you want to save to feel comfortable? An amount fo retirement? I know it’s different depending on location. Are you comfortable if you save up 200k-300k? Or typical millions like everyone talks about. That’s not that easy though

 

[Mikey P]

200 to 300 to live off it's earnings?

doesn't sound too comfortable to me.

 

[Dolly Llama]

Do you have an amount that you want to save to feel comfortable?

enough to provide for all one's needs with a few fennings left over for beer and pretzels


..L.T.A.

 

[Desk Jockey]

I don't plan on ever retiring. Bad things happen when people slow down. I'm giving it all until I ain't got any left. One of you fookers cover me up, so the buzzards don't get me.

We will need to downsize from a double wide to a single. My golden parachute has too many holes in it. Instead of a soft landing I'm just hoping not too get hurt to bad.

 

[hogjowl]

I don't plan on ever retiring. Bad things happen when people slow down. I'm giving it all until I ain't got any left. One of you fookers cover me up, so the buzzards don't get me.

We will need to downsize from a double wide to a single. My golden parachute has too many holes in it. Instead of a soft landing I'm just hoping not to get hurt to bad.

They might revoke your green card

 

[Jim Williams]

Here's a plan from Dave Ramseys book "Total Money Makeover". You need to estimate how much you want to live on yearly in retirement. Take that number and divide by .08. This gives you the nest egg you will need. This is based on your money being in growth stock mutual funds averaging 12% per year and you living off 8% of that nest egg per year.

If I want to live on $70,000 per year I need to save $875,000 in order to never run out of money. If I only need $50,000 per year then I only need to save $625,000.

Like most carpet cleaners, I pray for a large inheritance because my chances of saving that much are slim.

 

[Kenny Hayes]

Not retiring either. Gonna rag my kids till the day I go. I’ve planned on it. Moving my biz to my house with a shop so I can even sit on the patio and watch em come and go. They’re doomed

 

[Papa John]

with those figures-- I have more then enough to retire now in Thailand or many other places in the USA except insanely over priced Kalifornia.
But I get bored after 4 days of not working.. I get all giddy when I get to repair things on the farm in Thailand.

 

[BIG WOOD]

I don't see myself having $200-$300k in an account when I'm in my 60's. My wife has some stock through her work that she's built up over the last 20 years, so that's better than nothing.

Actually, I'm in the beginning stages of investing in Rental property duplexes. My goal is to have them paid off by the time I'm 55, then it'll be equal to or more than what my business is bringing in every month gross

 

[DAT]

I'm moving to Mexico in Guadalajara on the property that my mom invested in 15 years ago. It's now a thriving ranch...huge property. That what I'll do, make that as my retirement .

 

[BIG WOOD]

Mexico? How's the water? Drinking

 

[Cleanworks]

Mexico? How's the water? Drinking

They don't drink water in Mexico.

 

[DAT]

Mexico? How's the water? Drinking

The area is not unlike Reno to Carson valley. Water is fine.

 

[1st choice restoration]

My goal would be to have 300k-500k in cash and have 10+ rentals.

 

[FB7777]

I’d lay out my 5 year plan but you’d either think I was full of shit or hate my guts

 

[KevinD]

I’d lay out my 5 year plan but you’d either think I was full of shit or hate my guts

Lay it out there. I'll do neither.

 

[KevinD]

It is nice to hear other peoples plans and investment strategies.

 

[Desk Jockey]

I’d lay out my 5 year plan but you’d either think I was full of shit or hate my guts

Too late I already do.

You don't mean really retire do you? Semi? Live off the fat of the land?

 

[FB7777]

to Hit my magic number and then begin transitioning my portfolio to income based

Home in Falmouth cape cod and an income / winter property in Fort Myers area

Passive income rules

 

[hogjowl]

I’ve got my double wide paid off.

 

[FB7777]

Paid mine off in 1998

Been saving it ever since

 

[FB7777]

Too late I already do.

You don't mean really retire do you? Semi? Live off the fat of the land?

Never retire fully

 

[sincity870]

$7 million is our goal...

 

[dealtimeman]

I’d lay out my 5 year plan but you’d either think I was full of shit or hate my guts

Do it so they know what a 5 year plan even looks like.

I’ll be in town this week pm your cell if you want to get dinner.

 

[hogjowl]

I already hate your guts
Idiot

 

[FB7777]

$7 million is our goal...

Nice!

Mine is $5 Which I expect to do off the back of Apple , google Amazon and Nvidia by 2022

 

[hogjowl]

You’re my hero
Idiot

 

[FB7777]

Nice shade of pink Porky


Does it match your cooch?

 

[hogjowl]

Nice shade of pink Porky


Does it match your cooch?

Ask Richard

 

[FB7777]

He’s seen it?


Oh my!!!




Read in the voice of George Takei