In loving memory of Kenis D. Keathley 6/4/81 - 3/27/22 Loving father, husband, brother, friend and firewood hoarder Rest in peace, Dexterday

Thinking about retirement

Discussion in 'Everything Else (off topic)' started by Unicorn1, Aug 22, 2015.

Page 2 of 3
  1. papadave

    papadave

    Joined:
    Oct 3, 2013
    Messages:
    18,181
    Likes Received:
    82,470
    Location:
    Right where I want to be.
    :headbang::headbang::headbang::headbang:
     
    papadave, Aug 22, 2015
    #21 Top
    milleo, WeldrDave and wildwest like this.
  2. rottiman

    rottiman

    Joined:
    Oct 4, 2013
    Messages:
    14,437
    Likes Received:
    95,936
    Location:
    XXXXXXXXXXX
    Congrats Dave, you will be a hit. With a 113 pints, I'm still working on getting the wood-fired toaster. Seriously though, good choice..........................:thumbs:
     
    rottiman, Aug 22, 2015
    #22 Top
    cnice_37, papadave, WeldrDave and 1 other person like this.
  3. Backwoods Savage

    Backwoods Savage Moderator

    Joined:
    Oct 4, 2013
    Messages:
    47,052
    Likes Received:
    296,610
    Location:
    Central MI
    I too would vote for retirement, especially in your case with the added travel, etc. If you feel you must work, then you could take on some part time jobs or a local job but it could be one of your choice.

    I have always said, and also taught my children to never marry a job. If it is time to get out, then leave. If not, then stay and make the most of it. About the only things I would warn folks about with retirements are:

    1. Realize that inflation takes a heavy toll. The prices you pay today will be much, much higher 20 years from now or even 10 years from now but will your income? Do you have enough in savings to cover this?

    2. Pay cash for everything; never have debt.

    3. Do not make the mistake that some do. That is, you must stay active in retirement. Sit around taking life easy will bring the end much sooner than most folks want. It will ruin your health and you'll also be buying a few new wardrobes but the new ones will be in larger sizes.

    4. Realize that with age, medical cost increase. Sometimes exponentially. Prepare for this. One example is my wife had 5 surgeries in the previous 2 years. I had a couple major sicknesses and a major surgery this year. We are continually amazed looking at our medicine cabinet. Never thought we'd be taking pills like this but sometimes it is better than the alternative. Like several years ago when I had some major stomach problems (have only 25% of my stomach left). Taking or not taking some of the pills is not an option so we thank the Lord the pills are there.
     
    Backwoods Savage, Aug 22, 2015
    #23 Top
    milleo, Jack Straw, Knothead and 4 others like this.
  4. lukem

    lukem

    Joined:
    Oct 4, 2013
    Messages:
    11,863
    Likes Received:
    63,561
    Location:
    IN
    What are these pension things everyone keeps talking about?
     
    lukem, Aug 22, 2015
    #24 Top
    Gark, 343amc, cnice_37 and 8 others like this.
  5. WeldrDave

    WeldrDave Military Outpost Moderator

    Joined:
    Oct 8, 2013
    Messages:
    9,550
    Likes Received:
    50,531
    Location:
    The Communist Socialist Republic of New Jersey
    WW, some people just can't put the tools down per say, my Father worked till 70... Sadly he dropped dead at 74 and didn't get a chance to really enjoy his retirement. Thats why I'm going!!
     
    WeldrDave, Aug 22, 2015
    #25 Top
    Jack Straw, wildwest, Fanatical1 and 2 others like this.
  6. WeldrDave

    WeldrDave Military Outpost Moderator

    Joined:
    Oct 8, 2013
    Messages:
    9,550
    Likes Received:
    50,531
    Location:
    The Communist Socialist Republic of New Jersey
    What, they don't sell them in Indiana??? :whistle:
     
    WeldrDave, Aug 22, 2015
    #26 Top
    milleo and papadave like this.
  7. lukem

    lukem

    Joined:
    Oct 4, 2013
    Messages:
    11,863
    Likes Received:
    63,561
    Location:
    IN
    Not to people my age.
     
    lukem, Aug 22, 2015
    #27 Top
    rottiman likes this.
  8. WeldrDave

    WeldrDave Military Outpost Moderator

    Joined:
    Oct 8, 2013
    Messages:
    9,550
    Likes Received:
    50,531
    Location:
    The Communist Socialist Republic of New Jersey
    I'm so Sorry, you may have to make one of your own. :eek: But if your young enough, you can do well by saving for your future. I suggest taking some time and talking to a financial advisor and at least get something started, A person in their 20's can have over a million bucks by the time they are 60 just by simply starting a savings plan with a decent interest.
     
    WeldrDave, Aug 22, 2015
    #28 Top
  9. Will C

    Will C

    Joined:
    Jan 18, 2015
    Messages:
    984
    Likes Received:
    4,869
    Location:
    New York
    I can retire at 55, but my pension goes up 50% if I stay until 60. Plan to build a house next year-but it will be on a 8 year mortgage payoff plan-postponed it this year because I didn't quite having the savings to make the mortgage short enough. The bank looked at me like I was crazy when I told them my numbers didn't make sense-I guess people only worry about the bank's numbers!
     
    Will C, Aug 22, 2015
    #29 Top
    papadave, rottiman and WeldrDave like this.
  10. lukem

    lukem

    Joined:
    Oct 4, 2013
    Messages:
    11,863
    Likes Received:
    63,561
    Location:
    IN
    I'm all set.
     
    lukem, Aug 22, 2015
    #30 Top
    rottiman, Fanatical1 and WeldrDave like this.
  11. briansol

    briansol

    Joined:
    Nov 13, 2014
    Messages:
    326
    Likes Received:
    1,041
    Location:
    ct
    retire, grab a local security gig or something part time
     
    briansol, Aug 23, 2015
    #31 Top
    rottiman, Jack Straw, papadave and 1 other person like this.
  12. ranger bob

    ranger bob

    Joined:
    Oct 31, 2015
    Messages:
    448
    Likes Received:
    1,028
    Location:
    Leeburn Ontario
    Like Greg says ... just do it! Nike says so too. Must be true. Some wise person once said "when we're on our death beds ... we won't be think gee I wish I had spent more time at work ... but we might be saying ... wish I'd spent more time with our loved ones. Relationships are everything.
     
    ranger bob, Nov 24, 2015
    #32 Top
    wildwest, Canadian border VT and papadave like this.
  13. papadave

    papadave

    Joined:
    Oct 3, 2013
    Messages:
    18,181
    Likes Received:
    82,470
    Location:
    Right where I want to be.
    Bob, I gotta' say, good on ya' for checking out all these threads and chiming in. Helps people get to know you.
    Keep it going. This is a special place with a ton of great, friendly, helpful, people.
     
    papadave, Nov 24, 2015
    #33 Top
    wildwest, Canadian border VT and Jack Straw like this.
  14. Canadian border VT

    Canadian border VT

    Joined:
    Feb 18, 2015
    Messages:
    18,325
    Likes Received:
    120,196
    Location:
    Vermont
    ranger bob plus your doing a good job reminding some us older guy about the good old threads :yes: oh don't forget to post a pic of your pup in giz Emma and everyones pets in everything else off topic my wife and daughters favorite!
     
    Canadian border VT, Nov 24, 2015
    #34 Top
    papadave, wildwest and Jack Straw like this.
  15. ranger bob

    ranger bob

    Joined:
    Oct 31, 2015
    Messages:
    448
    Likes Received:
    1,028
    Location:
    Leeburn Ontario
    Amen, thank you and God Bless You. I don't know anything much about wood stoves but have burned wood for 35 years more or less. I love people and enjoy all the different perspectives and view points. Lot's of enjoyment.
     
    ranger bob, Nov 24, 2015
    #35 Top
    rottiman, papadave, wildwest and 1 other person like this.
  16. Woodchuck

    Woodchuck

    Joined:
    Dec 16, 2014
    Messages:
    831
    Likes Received:
    3,217
    Location:
    Southeastern Ohio
    My wife's Grandpa is getting his moneys worth out of retirement. He retired at age 65 from the power company with a good pension. He is now 99 years old! :D
     
    Woodchuck, Nov 24, 2015
    #36 Top
    Woodwidow, rottiman, papadave and 3 others like this.
  17. papadave

    papadave

    Joined:
    Oct 3, 2013
    Messages:
    18,181
    Likes Received:
    82,470
    Location:
    Right where I want to be.
    Whoa, bet they didn't expect that! Very cool.
     
    papadave, Nov 24, 2015
    #37 Top
    wildwest likes this.
  18. rottiman

    rottiman

    Joined:
    Oct 4, 2013
    Messages:
    14,437
    Likes Received:
    95,936
    Location:
    XXXXXXXXXXX
    Friend of mine up here has his father, who took a early retirement package from the Ministry of Natrual Resources, now in his 37th year of retirement.....................:thumbs::thumbs:
     
    rottiman, Nov 24, 2015
    #38 Top
    Woodwidow, wildwest and papadave like this.
  19. Unicorn1

    Unicorn1

    Joined:
    Oct 31, 2013
    Messages:
    2,282
    Likes Received:
    8,917
    Location:
    Amarillo, TX
    One new granddaughter from oldest daughter and a new son in law from youngest daughter. The money tree out back needs a year break. :( My New Mexico roommate(same job as I) has mandatory retirement in Feb2017, so that's my next retirement window. :)
     
    Unicorn1, Nov 24, 2015
    #39 Top
    wildwest likes this.
  20. yooperdave

    yooperdave

    Joined:
    Jun 16, 2014
    Messages:
    34,407
    Likes Received:
    213,519
    Location:
    Michigan's U.P.
    One of my partners at work is 75! Can you believe it? He has retired at least twice, I think it may be three times from this place. He first started doing "side jobs" for himself and then just got too busy so came back to work.
    He has quite an arrangement with the employer as he only works 3 days a week. Says it's just right and if needed takes off more time.
     
    yooperdave, Nov 25, 2015
    #40 Top
    wildwest likes this.
Page 2 of 3