I agree, talk to a financial adviser, we did before we retired. ?ÿMy wife also ran some numbers with an online program and it said we could retire. ?ÿThe best thing is something my wife read online. ?ÿOnce you can retire you are trading your free time for money if you keep working. ?ÿI am still employed part time but I??ve worked maybe a total of 3 to 4 weeks in the last two years.?ÿ
Paden, I am in a similar situation, sold the business in 2018 and took the "part-time" job of County Surveror by election. Now its getting a little too busy and I just committed to 4 more years!
I had a cousin I considered 'rich'. When I asked him at a reunion if he was retired he stated "I never made enough to retire, so I just quit." I am starting tho think like that myself.
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@bill93?ÿ
I had a friend who went to Belize about 15 years ago to investigate retirement options. When he asked them how their healthcare was they told him they went to Mexico for good healthcare. He did not retire in Belize...
I agree, and I know Paden knows that, but when you look at how many people don't have a clue what it takes to retire it makes one wonder...
Red = low?ÿ Blue = high
10 or so years ago I set up a spreadsheet to project retirement cash flows.?ÿ It showed us being fine through age 90 with funds to spare.?ÿ But my wife was skeptical, so I agreed to see a financial advisor.?ÿ His calculations had us dying at age 95 with a bunch of money in the bank, and that satisfied my wife.?ÿ It was expensive reassurance, but you do what you have to do.
I'm not in the 70+ club but I will say something for the children of 70+ parents....parents, please have a will. Whether you think your kids are going to argue over your estate or not, have a will. That is all.
T. Nelson - SAM
"I never made enough to retire, so I just quit." I am starting tho think like that myself.
Hey, that??s it!!
@squirl?ÿ
The goal is to become broke by sharing early.?ÿ Enter the old folks home with $50 in the bank.?ÿ Let the State and Feds fight over which one pays what on your behalf.?ÿ Smile while you are getting identical care to those who are paying for it out of their hard-earned savings.
Yup.?ÿ Not necessarily the worst decision in my life, but definitely the worst financial decision
@jitterboogie WJMFURSI ?
Google didn't explain it for me. I find most texters' initialisms that way.
@bill93?ÿ
Did you ever figure out if exist yet using my name?
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Wholly Jesus MFing Unbelievable Ridiculously Stupendous Insane?ÿ
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I plan to have my ashes wash down the Flint River to Apalachicola, Florida and the Gulf of Mexico.
Don't you dare! Our oysters are in bad enough shape already. ?????ÿ
Experienced that as a single father raising three daughters.
Now, I have convinced my wife she is my "Sugar Mama" and reverse that scene at every opportunity.
@squirl?ÿ
Great suggestion. Dying intestate (without a will) means probate court where things get really crazy and the lawyers are the winners.
Suggestion for you: Start saving at least 5-7% of your total income, but just for fun, invest $500 in various stocks through a local broker or online. You may lose but you may win. That??s the risk so diligently research stocks, look before you leap, and if you do the gains far surpass any ??bank savings account? paying 0.002% it worked for me, and still does after 45 years. ?????ÿ