Thinking about retirement.
Comments
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You'll be surprised how fast times goes in retirement. A week, a month a year is gone before you know it. I can't believe I'll be 75 this month, it seems only a few years ago I was 60.
The people to me who have problems in retirement are the ones who don't have hobbies and all they do is sit and watch TV. They waste away. It shouldn't be an issue with this crowd.Yamaha RX-A2070, Musical Fidelity M6si integrated amp, Benchmark Dac1, Bluesound NODE 2i, Audiolab 6000CDT CD Transport, Parasound Zphono USB Phono Preamp, Fluance RT85, Ortofon 2M Bronze, Polk L600's, L400, L900's, RC80i's, SVS 3000 Micro, Audioquest Interconnects and Digital Cables, Nordost Silver Shadow Digital Cable, Cullen Gold and Crossover Series Power Cables, Douglas Connection Alpha 12AWG OCC Speaker Cables, Douglas Connection Alpha Analog Interconnect Cables, Douglas Connection Alpha 11 OCC Custom Power Cable, Signal Power Cable, Furman PL-8C 15 Power Conditioner, Sony 65" 900F, Sony UBP-X700, Fios, Apple TV 4K, Audioquest Chocolate HDMI Cables. SnubWay, Main Stream -
You'll be surprised how fast times goes in retirement. A week, a month a year is gone before you know it. I can't believe I'll be 75 this month, it seems only a few years ago I was 60.
The people to me who have problems in retirement are the ones who don't have hobbies and all they do is sit and watch TV. They waste away. It shouldn't be an issue with this crowd.
I agree, time passes faster in retirement then when I was working 65-65+ hours a week. Anyway, I’ve spent 73 years climbing this mountain. Hope to enjoy sitting at the top for as long as possible before the inevitable downhill slide.
Patriotism is the last refuge of a scoundrel…….Samuel Johnson
Since we don’t know where we are going we have to stick together in case someone gets there….Ken Kesey
To learn who rules over you, simply find out who you are not allowed to criticize.
– Kevin Alfred Strom -
You know you're having a good time when you lose track of time & days!!"2 Channel & 11.2 HT "Two Channel:Magnepan LRSSchiit Audio Freya S - SS preConsonance Ref 50 - Tube preParasound HALO A21+ 2 channel ampBluesound NODE 2i streameriFi NEO iDSD DAC Oppo BDP-93KEF KC62 sub Home Theater:Full blown 11.2 set up.
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pearsall001 wrote: »You know you're having a good time when you lose track of time & days!!
Or you have the beginning of dementia.... -
It's hard to tell which some days ...
Brian
One-owner Polk Audio RTA 15TL speakers refreshed w/ Sonicap, Vishay/Mills and Cardas components by "pitdogg2," "xschop" billet tweeter plates and BH5 | Stereo REL Acoustics T/5x subwoofers w/ Bassline Blue cables | Rogue Audio Cronus Magnum III integrated tube amp | Technics SL-1210G turntable w/ Ortofon 2M Black LVB 250 MM cart | Teac VRDS-701T CD transport | LampizatOr Baltic 4 tube DAC | Nordost & DH Labs cables/interconnects | APC H15 Power Conditioner | GIK Acoustics room treatments | Degritter RCM -
Tell what?
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When you're having a good time or have dementia! 🤪
Brian
One-owner Polk Audio RTA 15TL speakers refreshed w/ Sonicap, Vishay/Mills and Cardas components by "pitdogg2," "xschop" billet tweeter plates and BH5 | Stereo REL Acoustics T/5x subwoofers w/ Bassline Blue cables | Rogue Audio Cronus Magnum III integrated tube amp | Technics SL-1210G turntable w/ Ortofon 2M Black LVB 250 MM cart | Teac VRDS-701T CD transport | LampizatOr Baltic 4 tube DAC | Nordost & DH Labs cables/interconnects | APC H15 Power Conditioner | GIK Acoustics room treatments | Degritter RCM -
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pearsall001 wrote: »You know you're having a good time when you lose track of time & days!!
Or you have the beginning of dementia....
Knocking on wood right here... -
Today's Saturday right?? 😳"2 Channel & 11.2 HT "Two Channel:Magnepan LRSSchiit Audio Freya S - SS preConsonance Ref 50 - Tube preParasound HALO A21+ 2 channel ampBluesound NODE 2i streameriFi NEO iDSD DAC Oppo BDP-93KEF KC62 sub Home Theater:Full blown 11.2 set up.
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Every day is Saturday in retirement, that's what makes it so confusing.Yep, my name really is Bob.
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Until you have to go to the post office to mail Christmas goodies to kids and find out that it's the weekend and you just drove to town for nothing...Gustard X26 Pro DAC
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B&K M200 Sonata monoblocks refreshed and upgraded
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There is about a 5% genetic difference between apes and men …but that difference is the difference between throwing your own poo when you are annoyed …and Einstein, Shakespeare and Miss January. by Dr. Sardonicus -
Every day is Saturday in retirement, that's what makes it so confusing.
How true... today is still Saturday!!
"2 Channel & 11.2 HT "Two Channel:Magnepan LRSSchiit Audio Freya S - SS preConsonance Ref 50 - Tube preParasound HALO A21+ 2 channel ampBluesound NODE 2i streameriFi NEO iDSD DAC Oppo BDP-93KEF KC62 sub Home Theater:Full blown 11.2 set up. -
You should look into Exchange Traded Funds and get some assets into dividend paying funds. You can get a significant amount of regular income from investing in those kinds of funds. Not only do the funds grow and gain value, that value also affects the dividend payments.
I know folks who have close to $300K in funds they built up over decades of paychecks tied up in ETFs and are pulling in $80K a year from dividend payments alone. But given the right funds, as little as $50K can get you a grand a month. Granted, that's not a small chunk of change at all but you don't have to start out with that. Reinvest dividends for a year or two while adding more to the funds from other income sources and it can compound quickly.
Additionally, if you do retire and you have a 401k, some allow you to take out a lump sum independent of your metered withdrawals. If you have a sizable 401k and can afford it, pulling a lump sum out and sticking it in an annuity that returns on a quarterly basis can pad that nest egg significantly. Since annuities typically have time limits before a reinvestment action is required, they can have a significant tax burden but you only get taxed on earnings, not the initial investment.
If you have rental income and still some time before you actually retire, leverage that rental income to build up some market based assets. I'm Gen X and I've gone my whole life hearing from my Boomer parents that social security will not be a thing when I retire...if I get to retire. Hell, at my age, I won't get full social security benefits until I'm almost 68 so if I want to retire and have some time to enjoy my life before I start falling apart or die then I can't rely on social security. I've been trying to find every potential income vehicle I can from market backed investments to stacks of savings bonds from my defense contractor days to collecting pensions from various jobs I've had to my own 401k/IRA funds and even my own rental income. I'm even thinking about purchasing an established business for some passive income in that respect too.
So while I don't have $80K worth of dividend payments a year, I have a significant percentage of my current income coming from not my job. The goal is to have enough of that income so that social security isn't needed and maybe I just invest that into various investment vehicles too?
If anything, I'm more pissed off at myself for not looking further into ETFs sooner but at the same time, I didn't have the money to invest in them until now anyway.
Paying off loans and mortgages really is freedom.Expert Moron Extraordinaire
You're just jealous 'cause the voices don't talk to you! -
Paying off loans and mortgages really is freedom.
One of the best things to do financially, retired or not! Been debt free for some time now and plan to keep it that way.Yep, my name really is Bob.
Parasound HCA1500A(indoor sound) and HCA1000(outdoor sound), Dynaco PAS4, Denon DP1200 w/Shure V15 Type V and Jico SAS stylus, Marantz UD7007, Polk L600, Rythmik L12 sub. -
Paying off loans and mortgages really is freedom.
One of the best things to do financially, retired or not! Been debt free for some time now and plan to keep it that way.
Mortgage free is a great feeling, now all we have to do is pay rent to the government for the ground it sits on...Remember, when you're running from something, you're running to something...-me -
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"2 Channel & 11.2 HT "Two Channel:Magnepan LRSSchiit Audio Freya S - SS preConsonance Ref 50 - Tube preParasound HALO A21+ 2 channel ampBluesound NODE 2i streameriFi NEO iDSD DAC Oppo BDP-93KEF KC62 sub Home Theater:Full blown 11.2 set up.
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😂
And Happy Saturday to you. -
Even with every day being Saturday my favorite day of the month is still the 4th Wednesday of the month.
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motorstereo wrote: »Even with every day being Saturday my favorite day of the month is still the 4th Wednesday of the month.
Man oh man now you're really confusing me!! Just stick with Saturday will ya. Lol!! 🥴"2 Channel & 11.2 HT "Two Channel:Magnepan LRSSchiit Audio Freya S - SS preConsonance Ref 50 - Tube preParasound HALO A21+ 2 channel ampBluesound NODE 2i streameriFi NEO iDSD DAC Oppo BDP-93KEF KC62 sub Home Theater:Full blown 11.2 set up. -
pearsall001 wrote: »motorstereo wrote: »Even with every day being Saturday my favorite day of the month is still the 4th Wednesday of the month.
Man oh man now you're really confusing me!! Just stick with Saturday will ya. Lol!! 🥴
I think he means the fifth Wednesday of the month of February. Very special...Gustard X26 Pro DAC
Belles 21A Pre Upgraded with Mundorf Supremes
B&K M200 Sonata monoblocks refreshed and upgraded
Polk SDA 1C's modded / 1000Va Dreadnaught
Wireworld Silver Eclipse IC's and speaker cables
Harman Kardon T65C w/Grado Gold. (Don't laugh. It sounds great!)
There is about a 5% genetic difference between apes and men …but that difference is the difference between throwing your own poo when you are annoyed …and Einstein, Shakespeare and Miss January. by Dr. Sardonicus -
Wednesdays are when the Eagle defecates.
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Patriotism is the last refuge of a scoundrel…….Samuel Johnson
Since we don’t know where we are going we have to stick together in case someone gets there….Ken Kesey
To learn who rules over you, simply find out who you are not allowed to criticize.
– Kevin Alfred Strom -
motorhead43026 wrote: »
Yep; If the plug gets yanked too soon on a non productive working life there will be hummingbird or parakeet droppings delivered on that favorite Wednesday of the month. -
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Nope. Just retired. My wife and I get Social Security deposits on different Wednesdays. So without any other evidence, I just presumed Wednesday is “the favorite day of the month” for many people.
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64 this March 14 months to go.Home Theater
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EVERYONE!
Make sure you get this when both go on Social Security. They won't tell you, you have to ask for it.
Whichever ever spouse has the highest SS make sure to ask the the other gets the extra payment per month to bring their SS up to half of the higher spouse's SS payment.
The only time your spouse won't get that increased SS payment is when the lower earning spouse's SS is already 50%, or above of the higher spouse's earnings/payment.
Must ask for this.
Even states that in the Social Security info booklet.
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skipshot12 wrote: »EVERYONE!
Make sure you get this when both go on Social Security. They won't tell you, you have to ask for it.
Whichever ever spouse has the highest SS make sure to ask the the other gets the extra payment per month to bring their SS up to half of the higher spouse's SS payment.
The only time your spouse won't get that increased SS payment is when the lower earning spouse's SS is already 50%, or above of the higher spouse's earnings/payment.
Must ask for this.
Even states that in the Social Security info booklet.
Did not know this and will check it out!
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