Retirement

Welcome to our community

Be a part of something great, join today!

Register Log in
MickZagger

MickZagger

Well-Known Member
Joined
Sep 16, 2008
Messages
37,563
Likes
16,573
Points
113
How old do you want to be when you retire?

I'm on vacation and realized staying up late in arguing with you creeps is a lot more fun then working50 hours a week.

I'm aiming for between 53 and 55.
 
I actually like working. I think when I retire I will still own a business or work part time. I would certainly take more time off for vacations though.

To answer the question it will be whatever the retirement age is when I get there. I am 33 now so it will probably be like 72? Sad.
 
Freedom 35

0891b7da1e10e2c6775db1b7ede34a07.jpg
 
Wouldn't want to retire. The slower you move the faster you die.
 
You can still work after you retire, or start collecting medicare or Social Security checks. Longer you wait, bigger the check as things stand now so it's your choice. Just because you retire from a career doesn't mean you become lethargic overnight..you can do a lot of things. Money talks if you have the choice to do it earlier.
 
Didn't start a real career tip I was like 28......feel like I wasted 10 years and am trying to catch up. When I do retire I want a little cabin on the coast for me and the woman and a sat dish on top to catch my NBA LeaguePass.
 
Thanks to the wonderful divorce laws in Oregon my ex got 100% of my 401K when I was 40. I'll work until 70 whether I want to or not.
 
Probably 8 more years of work and then I'm done.
 
If I can stay in my current industry (and especially the current gig), I will probably work as long as possible (of course, I'm still only 31). I make good money, the industry is fun and has a lot of perks, good health care coverage (at least for now), I get to travel a fair amount on someone else's dime, flexible hours. At 31, I'm enjoying life and I've already accomplished the two bigger financial goals I had (bought a big-ass house, though it's probably a bit excessive, and bought a house on the Oregon Coast).

I figure even if I ever do "retire", I'll still continue to work because I can make solid money offering various consulting services and/or accounting help (financially and tax-wise). Plus, I make a little money on a few of my hobbies - I could probably turn 1-2 of them into some decent money.
 
I'll start retiring in my late 50's, but I'll still do 50-100 tax returns during tax season for a little extra income until my brain doesn't work anymore
 
I haven't even started a real career yet so i'll probably be working until i'm dead.
 
If the market doesn't tank too often between now and then, I'm on pace to retire by 60 (so 24 more years). Got a very late start to the 401k game but I've been maxing out my contribution for 3 years now, with no reason to stop.
 
If I didn't want top pay for any of my kids college, I may be able to retire now (47) but it would take a radical lifestyle change. I actually like my work, but I am looking forward to when I don't have to worry about money anymore... it will make work even that much more enjoyable. I have worked with a few people that were close to retirement, and they were loving it. Nothing worried them, nothing stressed them out. That is where I want to get.

Both of the people I know who retired recently died shortly thereafter though, so I don't put all my eggs in the retirement basket. We bought a small place at the beach (paid for) that was a stretch at the time, but it like we get to live part of our retirement now, while we can still enjoy it. If possible, go that route. Don't wait for retirement to do things you think you don't have time for, make time for them now. The two people I know that retired recently, both died shortly thereafter.
 
Paxil said:
If I didn't want top pay for any of my kids college, I may be able to retire now (47) but it would take a radical lifestyle change. I actually like my work, but I am looking forward to when I don't have to worry about money anymore... it will make work even that much more enjoyable. I have worked with a few people that were close to retirement, and they were loving it. Nothing worried them, nothing stressed them out. That is where I want to get.

Both of the people I know who retired recently died shortly thereafter though, so I don't put all my eggs in the retirement basket. We bought a small place at the beach (paid for) that was a stretch at the time, but it like we get to live part of our retirement now, while we can still enjoy it. If possible, go that route. Don't wait for retirement to do things you think you don't have time for, make time for them now. The two people I know that retired recently, both died shortly thereafter.
Click to expand...

Which beach? Having a place at the coast is fantastic. We go twice/month.

We've been looking at some small cabins out just past Rhododendron - we'd like a place out that way or in the Gorge as well.

My dad just retired at 59 (as someone else pointed out, thanks PERS). He's going to find some part-time work, but he's enjoying being off and getting to hang with his grandkids on a regular basis (we have him babysitting once/week and he loves it). He also spends a lot of time at the coast.
 
I started at UPS when I was 19 and we have that PEER 80 rule where if your time with the company and age equal 80 you can retire. But, I want to stick around for a couple years after that so I can receive that nice juicy Western Conference pension. I've been putting 2.5% into my 401k, but in a year and half when I'm top scale I'll probably put the max amount.

My dad's a guy that's always stressed planning for retirement. I've always been kinda 'meh' about it though. I think I'd rather do great things while I'm still young and not washed up.
 
MickZagger said:
I started at UPS when I was 19 and we have that PEER 80 rule where if your time with the company and age equal 80 you can retire. But, I want to stick around for a couple years after that so I can receive that nice juicy Western Conference pension. I've been putting 2.5% into my 401k, but in a year and half when I'm top scale I'll probably put the max amount.

My dad's a guy that's always stressed planning for retirement. I've always been kinda 'meh' about it though. I think I'd rather do great things while I'm still young and not washed up.
Click to expand...

Yeah, but 2.5% is a small drop in the bucket to pull from your current cash flow to stash away for retirement. You likely made a decent amount on your 401k in the second half of 2013.
 
BLAZINGGIANTS said:
Yeah, but 2.5% is a small drop in the bucket to pull from your current cash flow to stash away for retirement. You likely made a decent amount on your 401k in the second half of 2013.
Click to expand...

It's jack shit. But, I just turned 28 and will max that bitch out in a year and half when I'm making top scale wages. I figure I got about 25 years or so to contribute the max amount. Hopefully, the pension fund is ridiculously nice when I retire as it is right now.
 
I don't think I'll ever truly "retire" because I will likely always have some sort of project, consulting, real estate or business I'm working on. But as for retirement in the sense of being tied to a job with expectations from a boss... I'd like to be done by 45-ish.
 
I'm trying to set up passive income streams now. Once that takes care of your expenses, you're essentially retired. That's my retirement plan, this 401k crap, I guess it could be good, you could also get wiped out if the markets do, which they probably eventually will in the next 5-10 years.
 
EL PRESIDENTE said:
I'm trying to set up passive income streams now. Once that takes care of your expenses, you're essentially retired. That's my retirement plan, this 401k crap, I guess it could be good, you could also get wiped out if the markets do, which they probably eventually will in the next 5-10 years.
Click to expand...

I'm trying to set up a Ponzi scheme so I can retire NOW. Hopefully in a couple years I can surpass HCP's post count.
 
I'm going to put all of my money into Nintendo stock, then sell it for a huge profit. Retirement achieved.
 
Paxil said:
Between Lincoln City and Newport (Depoe Bay) right near Fogarty Creek State Park
Click to expand...

Nice. That's a cool area. We used to hang out there at least twice per year (a family member had a cabin in Depoe Bay, and some family friends would bring their RV to the park and we'd have fun on the beach for a week at a time).
 
I want to retire at 58. Trouble is, I'm 62. If I can retire at 66, I'll be lucky.

Go Blazers
 
You must log in or register to reply here.

Similar threads

SharpeScooterShooter
OT When to retire?
2 3
Replies
80
Views
3K
Hoopguru
Hoopguru
EL PRESIDENTE
Home Movies- The THREAD
Replies
0
Views
211
EL PRESIDENTE
EL PRESIDENTE
jonnyboy
OT Portland Vacation
2 3
Replies
62
Views
6K
MickZagger
MickZagger
dpc
Going to Oregon
Replies
3
Views
646
Blazer_Hippie
Blazer_Hippie
TorturedBlazerFan
OT Seinfeld
3 4 5
Replies
142
Views
8K
Lanny
Lanny

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
Back
Top