Retirement

In reply to frenchyd :

My reading comprehension is just fine. Perhaps you should learn to be more clear with your blanket statements.

docwyte said:

yupididit said:

 

 

Dentist yeah? yeah, your retirement will be pretty good. I'll be eligible to retire from the Air Force in 9 years. I'll be 38, from there who knows where I'll go or what I'll do. 

Yes, BUT much of my time is in the reserves, so the pension won't be nearly what an active duty one is.  Still, its something that I'll very much appreciate.

Oh got it. I was in a TFI unit with the reserves at March ARB. Reserves def a different lifestyle! 

frenchyd said:

Ovid_and_Flem said:

In reply to frenchyd :

Better get off the crack pipe, Frenchie. Average house price in New Zealand it's close to$500,000 us. In fact new government is planning to ban foreigners from purchasing homes in New Zealand.

You need to improve your reading comprehension. I didn’t claim those are today’s prices, rather when I looked at it.  

AT the time ( decades ago) real estate was cheap. For the year look back when a New Zealand dollar was worth about 50 cents American, 

Since then things have changed. For one people over 55 cannot move there permanitly . 

AND IS THAT EVEN REMOTELY RELEVANT IN ANY BERKING WAY?  Cheese and rice. Why is this guy still talking?  And more importantly why is anybody still listening?  Can he please go to Coventry for a while?  Please?!

I'm 39. I don't have a single cent saved for retirement and don't see that being a possibly in the future. I'll work until the day I die. Which I hope is sooner than later.

I got berkeleyed out of my retirement. Thanks grandpa. So yes, I'll be working till the day I die. What a berkeleying waste. 

Ovid_and_Flem said:

In reply to z31maniac :

Yeah, a lot of people think that they can continue their insurance for 18 months at what they're paying at their employer. Many don't realize that they have to pay the employers share of the premium under cobra. Example, swmbo was laid off and her cobra went to $900 per month. And she was only 54 years old. Her premium when she was working was less than $100 per month. Fortunately she landed another job within the month.

I consider myself lucky to have been a Claim Rep for State Farm as my first job out of college. Most people have no idea, and possibly don't want to know, about how insurance works. 

That would be one of those things I think should be taught in high school. 

pres589 said:

This immigration.govt.nz website says that there is not a skills shortage in NZ for aeronautical engineers.   I'm out, you all have fun without me.

Question, is an aeronautical engineer anything that can be done remotely?   My fiancé works from home doing IT project planning for a major bank. 

Conferences  are typically done on line with  a version of Skype.  Obviously since they are dealing with people’s money security is a really big deal.  Sums in excess of a billion dollars are relatively routine.  She won’t share any exact details with me for obvious reasons. 

 She claims to be extremely efficient without dealing with office politics. Or distractions.   Her commute is the time it takes to walk upstairs.  And since she deals with branches all over the world her hours define flexibility. 

RevRico said:

I got berkeleyed out of my retirement. Thanks grandpa. So yes, I'll be working till the day I die. What a berkeleying waste. 

Sorry to hear that,  not that I was counting on it but my mother gamboled her 17 million dollar inheritance away.  It took her about 6 years and that whole time all we heard about is how much she won and how eager the casino’s were to send a private plane to get her.  

Enyar said:

As for others there are plenty of retirees, even young ones. You just don't notice it because you're stuck with the other suckers that haven't made it out yet or don't know better.

Cool, thanks for the reminder. 

And now you can bet your life away on sports, too! 

I'm actually kinda comfortable with working until I'm 70 so long as by that time I'm doing something enjoyable. The folks I know who worked the longest did so because they enjoyed going to work (and usually didn't have much of a commute). However, another trend I noticed about folks who worked well past traditional retirement age (even if they didn't have to) was that most of them had a long period of adventure in their life, either through a job that had them traveling, or a few sabaticals, or just lots of vacation time they actually capitalized on. 

One thing I worry about for the current generation is that sabbaticals are unheard of, the only  jobs with decent vacation are government or teaching jobs, and most jobs require you stay around for 10+ years before you get real "satisfying" vacation time. 

I still feel that people would be more dedicated to their jobs and their employers if most employers offered 4-6 weeks of vacation to start.

frenchyd said:

Question, is an aeronautical engineer anything that can be done remotely?   My fiancé works from home doing IT project planning for a major bank. 

Conferences  are typically done on line with  a version of Skype.  Obviously since they are dealing with people’s money security is a really big deal.  Sums in excess of a billion dollars are relatively routine.  She won’t share any exact details with me for obvious reasons. 

 She claims to be extremely efficient without dealing with office politics. Or distractions.   Her commute is the time it takes to walk upstairs.  And since she deals with branches all over the world her hours define flexibility. 

 

I'm sure the quiet, steady hum of that window unit in the background is a comfort to those in her industry.

Nick Comstock said:

I'm 39. I don't have a single cent saved for retirement and don't see that being a possibly in the future. I'll work until the day I die. Which I hope is sooner than later.

Ahhh, don't say that.  You ain't even 40 yet. There's time to realize your adventure.

In order to retire comfortably you need to start young.  Well actually I was 36.

Put any excess funds or a regular payment into an IRA type funds.

Pay off all debts.

Buy some good stock,  compound the earnings.

Social Security is a help but you can't live on it.

 find a good financial adviser.  Probably should have been No.1

Ovid_and_Flem said:

In reply to mazdeuce - Seth :

Wow... retired at 26! You win!

As noted, maybe retirement isn't the proper word for taking care of a pile of small children, but I did nap like an old man, so I'm going to count it. 

I plan to retire at 45-50 if I can keep my car habit...err addiction under control.   If not,  well I’ll keep working.

Ovid_and_Flem said:

frenchyd said:

Question, is an aeronautical engineer anything that can be done remotely?   My fiancé works from home doing IT project planning for a major bank. 

Conferences  are typically done on line with  a version of Skype.  Obviously since they are dealing with people’s money security is a really big deal.  Sums in excess of a billion dollars are relatively routine.  She won’t share any exact details with me for obvious reasons. 

 She claims to be extremely efficient without dealing with office politics. Or distractions.   Her commute is the time it takes to walk upstairs.  And since she deals with branches all over the world her hours define flexibility. 

 

I'm sure the quiet, steady hum of that window unit in the background is a comfort to those in her industry.

Lmao! ISWDT

Here goes from a Biblical point of view. 

The first thing God did was put Adam to work in the Garden  of Eden.  This was before the fall of man so work is noble and something that is okay to do.  God created work but after the fall we work by sweat of our brow.   

Retirement is not mentioned in the Bible.

King David’s fall to adultery and murder was him home and not on the battlefield like most kings.  He should have been at work that day.

In reply to Datsun310Guy :

When the bible was written it was rare anyone lived long enough to retirement age.

Then God created 401 (k)s and window units and man has been happily arguing on the internet ever since.

stuart in mn said:

In reply to dculberson :

My retirement income will depend on how much I want to pull out of my 401k and Roth funds each year, but it will most likely be above the limits for subsidies.

Important distinction: I do not think that would count as income and so would not count toward your "400% of FPL" maximum. Check with an accountant on that to be sure, but I believe that capital gains would not be considered "income" for this purpose. In fact you might end up below the minimum if you don't have enough other income!

iceracer said: find a good financial adviser.  Probably should have been No.1

NOBODY has your interests in mind better than yourself. Educate yourself and do a lot of thinking before committing to a financial advisor. http://jlcollinsnh.com/2012/06/06/why-i-dont-like-investment-advisors/

In reply to dculberson :

Au contrair, young Grasshopper

  About the only thing excluded from income for health subsidies is SSI disability income, workers comp Awards, Etc. Capital gains, Social Security income, interest income, rental income, yada yada yada are counted

However, since you are only trying to span an 18-month period, there is a way to structure it so that it would only count for one year bye making a substantial withdrawal in December or January whichever would be to your advantage

I plan to be as prepared for retirement as I was for University and Graduating from University and becoming a parent, and also as ready as I was for my last five careers.

Income-wise, I plan on living off my accumulated savings.

What I will do after the second week I have no berkeleying idea.

Seriously...this E36 M3ty plan has worked for me all of my life.

Pete

In reply to dculberson :

Thankfully, I do have a very good financial advisor.  

Ian F said:

In reply to Datsun310Guy :

When the bible was written it was rare anyone lived long enough to retirement age.

Psalm 90:10 calls out 70-80 years for our lives.  Written by Moses 

The years of our life are seventy,
    or even by reason of strength eighty;
yet their span is but toil and trouble;
    they are soon gone, and we fly away.