Let's talk retirement savings

[Grassi21]

*waiting for ctenidae or sro to post and tell me how dumb I am and give sound advice*

You could always follow the sage advice of Mr. Burns.

Mr. Burns: "Well, let's get out the old stock ticker and have a look. Here's where I stopped checking it last time: September 1929."

Mr. Burns (checking his stock portfolio): Confederated slaveholdings. How's that doing?

 

[GrilledSteezeSandwich]

If I'm hard up for money when I'm old..I can always get a job as a Wal-Mart greeter..

 

[gorgonzola]

I want to re-invent retirement...I want 10 -15 years off NOW (I'm 44) while I have the means and am physically able to enjoy my kids (10/13/15) and do the things I like to do (ski, bike, drink beer , play hockey, golf, fish, drink beer, camp hike etc.) then when I'm 60 work til I die.....I saw my parents work their adult lives for retirement and then not be able to enjoy it together due to illness

 

[bvibert]

I want to re-invent retirement...I want 10 -15 years off NOW (I'm 44) while I have the means and am physically able to enjoy my kids (10/13/15) and do the things I like to do (ski, bike, drink beer , play hockey, golf, fish, drink beer, camp hike etc.) then when I'm 60 work til I die.....I saw my parents work their adult lives for retirement and then not be able to enjoy it together due to illness

That sounds like a good idea, except I want to start now (at 30)...

 

[Warp Daddy]

We ALL dreamed that dream !

Dreams are OK but early saving and investment and living within one's means is the key to making it happen EARLY in Life .

Remember to stay physically fit as well as financially fit then you can LIVE the damn dream given you HAVE teh discipline to Plan your life and WORK your plan

 

[severine]

I want to re-invent retirement...I want 10 -15 years off NOW (I'm 44) while I have the means and am physically able to enjoy my kids (10/13/15) and do the things I like to do (ski, bike, drink beer , play hockey, golf, fish, drink beer, camp hike etc.) then when I'm 60 work til I die.....I saw my parents work their adult lives for retirement and then not be able to enjoy it together due to illness

My Dad was talking to me about that recently, actually. He has a co-worker who has some theory that instead of Social Security retirement, everybody should be able to get like a $1 million loan when they turn 21 - because they'll be able to do more with it when they're younger versus seniors. Then they're responsible for not only paying it back, but turning that into something. A business, new product, whatever. Something that will carry them through retirement on their own.

So I guess a variation would be being able to enjoy it while you're young. I can't imagine getting to a point where I don't work at all. Seems boring to me. Especially being stuck with Brian. Then again, who am I to talk? I have no "real" job right now and I'll have to start all over again in 5 years when I go back to work. At least I'll only be 35 then. Still plenty of time to plan (though truth be told, I'm thinking I probably won't live to see retirement anyway....).

 

[jack97]

(though truth be told, I'm thinking I probably won't live to see retirement anyway....).

Stick to you're orignal plan of marrying into money.......

 

[severine]

Stick to you're orignal plan of marrying into money.......

Not a plan... just have this morbid feeling about it all. Not like I'm going to have a health issue... just that I'm going to have some sort of accident, like get hit by a truck or something. Don't know why... just felt this way for a long time.

Though maybe I'm feeling that will happen to Brian and thus I'll be able to marry into money.....

 

[GrilledSteezeSandwich]

The thing is that most of us on here have jobs and we still have lots of leisure time..Retirement seems over-rated...

Although fulltime work is considered 40 hours a week..lets say the average AZer works 50 hours due to longer hours or commutes..that's out of 168 hours a week..then minus 50 hours a week for sleep and we're left with 68 hours per week for fun...not bad..even if a few of those hours are spend running errands or housework..Plus most of us get 2-6 weeks of vacation time a year except for the teachers who get the entire summer off. Without work..I'd seriously be drunk and stoned all the time..I need some sort of structure in my life.

 

[jack97]

Though maybe I'm feeling that will happen to Brian and thus I'll be able to marry into money.....

:-o ....... a black widow, guess that's another option. Hey Brian, find another place to crash tonite.

 

[ctenidae]

What I know I should do about retirement is wildly different from what I have done.

I've only been in Corporate America for 6-7 years, so I've got a tiny, underfunded 401(k) plus a profit sharing plan that, when I leave here and cash it out, will roll into the 401(k). At the moment, my main plan for retirment is to make a whole lot more money in the near future. Maybe one day I'll make enough to be able to save some.

 

[snoseek]

I have zero set aside for retirement and could really care less. I will figure things out as I go

 

[deadheadskier]

I have zero set aside for retirement and could really care less. I will figure things out as I go

part of me really wishes I had this perspective and didn't think/worry about such things. If I didn't, this thread wouldn't have been made. Part of me wishes I also had the same perspective as you and could spend the winter skiing and not worrying about material type things.

for whatever reason, I'm not wired that way.

 

[snoseek]

part of me really wishes I had this perspective and didn't think/worry about such things. If I didn't, this thread wouldn't have been made. Part of me wishes I also had the same perspective as you and could spend the winter skiing and not worrying about material type things.

for whatever reason, I'm not wired that way.

No harm in planning things out. I just feel like if I suddenly became terminally ill or something I don't want any regrets. I may have regrets later in life about this-probably not on my deathbed though. I don't plan on any kids and g.f. seems to agree (although she's 10 years younger, we'll see) so that surely helps. I may also regret that decision someday.

 

[twinplanx]

If I'm hard up for money when I'm old..I can always get a job as a Wal-Mart greeter..

Really.?? I'd opt for the Lifty/Parking Attendant at (insert name of favorite mtn. here):flag:

 

[deadheadskier]

(although she's 10 years younger, we'll see) so that surely helps.

good luck with that one. Mine's 7 years younger and though she does want kids (and I do to, though not until I'm 35) I've at least bought myself some time :lol:

 

[andyzee]

I plan on being dead.

 

[deadheadskier]

I plan on being dead.

well, currently that poll selection falls in a tie for second place :lol: you're not alone in planning to be dead :lol:

 

[GrilledSteezeSandwich]

Really.?? I'd opt for the Lifty/Parking Attendant at (insert name of favorite mtn. here):flag:

being a liftee would suck a fat donkey dick

 

[MarkC]

I am pretty much f*cked. The only savior I can think of is i am still in my 20's and may be able to come up with something.