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Jun 22, 2021
12:32
:04
pm
garyfan
Truly Addicted User
True. The lesson for all retirees (regardless of age) is that you need to stay
actively engaged in something. Preferably something meaningful, whatever that means to you.
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garyfan
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garyfan
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Sep 19, 2013
Last login
Oct 31, 2024
Total posts
39,602 (4,050 FO)
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Messages
Author
Time
96k a year would work right now, but how many of you are factoring in inflation?
JohnnyComeLately
Philosopher King
6/22/21 12:22pm
Retiring at 40 is a bad idea for a lot of reasons
Sea Chicken
6/22/21 12:26pm
Not a bad idea, need to save a lot less that way.
SJS
6/22/21 12:28pm
Exactly. I would go bored out of my mind.
Mr. Rumsfield
6/22/21 12:30pm
If you have 2.4M at 40, might as well wait 10 years to retire.
chago04
6/22/21 12:30pm
I love hyperbole
Big Daddy D
6/22/21 12:30pm
True. The lesson for all retirees (regardless of age) is that you need to stay
garyfan
6/22/21 12:32pm
Hey now, hiking is meaningful. 🙂 but golf is trash
Lip Gallagher
6/22/21 12:51pm
Nope. I’d be just fine. As the saying goes, “only boring people get bored”
Nikomedes
6/22/21 12:31pm
Retiring doesn't necessarily mean not working or staying active.
ReyOso
6/22/21 12:32pm
If I'm lucky enough to retire at 70, I plan to retire to bed.
Belboz
6/22/21 12:36pm
I retired before 40. Now 73. No bullet in head, yet.. Been great. 6 kids/1 wife.
grandpacoug
6/22/21 12:32pm
Boring people that need work to give them purpose.
Baron
6/22/21 12:50pm
I can’t sit around and do nothing. But if I had funding I could entertain myself
Powerbait DPM
6/22/21 2:32pm
Retirement is really a socialist kind of mentality anyway
Jericho
6/22/21 12:29pm
My dad is 65, but has still a business and two part-time jobs. The day that he
wabluecoug
6/22/21 12:31pm
your dad will never quit working. my dad either. cut from the same cloth.
TN_Coug
6/22/21 1:12pm
For the LDS, serving a mission would fit the bill.
Eddie
6/22/21 12:38pm
I don't need a job or a charity/volunteer work to feel satisfaction.
Belboz
6/22/21 12:41pm
I could be completely comfortable keeping the...
Eddie
6/22/21 12:45pm
I've never felt a yearning to feel purposeful. I doubt that will ever change.
Belboz
6/22/21 12:48pm
If wanting to retire is Socialist then I’m Bernie Sanders
Junior Deputy
6/22/21 12:54pm
If the only way someone can find purpose is by having a job,
Lip Gallagher
6/22/21 1:20pm
RE: Retirement is really a socialist kind of mentality anyway
scootsy
6/22/21 8:55pm
It's working for me
ColoSpgs
6/22/21 12:34pm
So year 1? Did you miss the point of my post?
JohnnyComeLately
6/22/21 12:36pm
Yes, and No
ColoSpgs
6/22/21 2:15pm
You have to have passive income that is inflation adjusted, or a way to increase
Nat Gas Man
6/22/21 12:55pm
Yep I agree. There are ways to do that, Real Estate for one.
JohnnyComeLately
6/22/21 1:04pm
Real Estate is what I was thinking as well.
Eddie
6/22/21 1:12pm
The above is the easy answer...
grandpacoug
6/22/21 1:38pm
crazy to me people are still paying to store their stuff - read junk.
Mayor of Cougartown
6/22/21 1:54pm
I’ve been to two brand new storage facilities that are indoor and have AC. Both
Nat Gas Man
6/22/21 1:58pm
I sold mine. Cash cow with zero depreciation write off. Value in land.
grandpacoug
6/22/21 3:58pm
4% Rule (of thumb) takes into account inflation.
TheLoneCougar
6/22/21 1:07pm
It does from non-fixed income sources
Nat Gas Man
6/22/21 1:14pm
The 4% rule accounts for inflation. The rule assumes you can get a return of
Pickett
6/22/21 1:14pm
I haven’t taken the time to run the scenarios with 6-10% inflation but I suspect
Nat Gas Man
6/22/21 1:27pm
Which is also not historically accurate. All you can is forecast based on historicals at this point. But
TheLoneCougar
6/22/21 1:38pm
Having lived through the 70s I assume anything can and will happen
Nat Gas Man
6/22/21 1:43pm
The study that the 4% rule is based on included the 70s. Everyone has different
Pickett
6/22/21 2:05pm
I’ve actress that study. My only issue is what happens if there is a major stock
Nat Gas Man
6/22/21 2:40pm
You be flexible in the down years and cut back expenses, and in the years
Pickett
6/22/21 3:04pm
I don't know the exact figures ...
stirmac
6/23/21 6:28am
The first 5 years is absolutely crucial. Thus some will use the bucket strategy.
TheLoneCougar
6/23/21 8:09am
I wouldn’t mind working behind Cabela’s gun counter in retirement.
DwigtA2RM
6/22/21 5:04pm
I have a buddy who worked early hours in his primary job and...
Eddie
6/23/21 8:16am
That would be a great retirement job
CBaass
6/23/21 9:28am
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