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Jun 22, 2021
12:36
:16
pm
Belboz
Intervention Needed
If I'm lucky enough to retire at 70, I plan to retire to bed.
I won't leave it unless my wife coaxes me.
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Belboz
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Belboz
Joined
Jul 5, 2001
Last login
Oct 31, 2024
Total posts
77,126 (13,806 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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