Retirement Plans

[mkd]

Ecuador vs Puerto Rico; Chat GPT says:
https://chat.openai.com/share/21575f99-e39e-4bca-83e3-6f772baac964

[kccadcam]

All debt paid off, house is close, 2.98%
Interest with 40k left. (crazy low payment, doubling up)
I'll be 62 in January, might pull the trigger.
Started this career in 1991, I've had enough. The youngsters don't give a shit at all unless it's on their phone.
I like where I'm at, even tho it's Oregon.
Ammo is not a problem at all...

[Flycut]

Find something off-grip up north and build a tiny log house.

[JakeL]

One of the programmers at our shop retired recently. I think he was here for 20-something years. They got a breakfast catered for the whole shop to celebrate.

After the retiree gave his speech, one of my older coworkers looked at me and said "just think Jake, that's gonna be you in like 40 years" 

[JParis]

After the retiree gave his speech, one of my older coworkers looked at me and said "just think Jake, that's gonna be you in like 40 years" 

I'll tell you what...as someone who is looking to retire in another 7+ years....it doesn't seem like it was that long ago and I was staring at 40 more years of working....

Life has a way of blurring the lines of time. Especially when you're younger. As you age, the reality of your mortality really starts to come into focus that, at 25, you just can't grasp yet.

[RetiredRoger]

I'M RETIRED!  and LOVING IT!  

[mkd]

Been doing a YouTube deep dive on finance and retirement (lol, perhaps not the pinnacle of quality advice) since Wuhan bioweapon lockdowns. Shocking how far behind I am compared to the portfolio braggarts.
 I find dividend portfolios incredibly attractive even though my head says total return. Something about buying stuff that pays cash periodically to fund the monthly bill treadmill we've been on for decades is super appealing.
 What say you?

[JParis]

What say you?

I say having a large family delayed any kind of "retirement" savings for too many years...I am playing catch up but the reality for me is I'll never arrive at any where near the "suggested" numbers...

Between my contribution and the companies match, I am putting in 13% of my yearly salary....I have a very low 4 figure IRA that I keep trying to add to....and life just continues to find a way to rip away most of any discretionary income that I have...

We're essentially a one income family, my wife's disability doesn't surpass $1k/mo...it helps but it is what it is...decisions were made years ago to allow her to concern herself with the kids and granddaughter and eventually her Dad as he needed assistance before passing...

While I am doing things to try to save what we can, with health issues, rising costs and such, I have reconciled myself to that fact that there is not much more I can do currently and time is running out.

Come on lottery!

 

[mkd]

1970s women's lib inflated the price of everything by 'doubling' the workforce at the cost of our children, me being one of those kids. Then the guilt term 'latchkey children's entered the lexicon.
 So there is a hefty price to be paid to try and go traditional. Congrats on putting kids a family first.
 With my wife's disability I recently tried to back off on 401 contributions to raise funds for medical and whatnot. Being in a 9% income tax state, I brought home the same amount. Weird.

[mkd]

Living in Cuenca, Ecuador on $1500/month is a very doable escape plan.

[CNCAppsJames]

I've come terms with the fact that retirement is never going to be an option for me. I do have money put away in various things and contribute to a 401k but, in all reality it'll never be enough to live on so I shall work until I am dead... and that's ok. 

[Del.]

I've come terms with the fact that retirement is never going to be an option for me. I do have money put away in various things and contribute to a 401k but, in all reality it'll never be enough to live on so I shall work until I am dead... and that's ok.

I would think it would be difficult for any middle class person to retire comfortably in California as high as the COL is.

[Incogneeto]

Well I pulled my retirement to help my Kids,

I don't need much.

I can easily pass on $2000 a month at this point.

Del?? How long did it take when you filed?? I have heard 6 months and then another 5 to get the first check,

I'm ready.

I have options .

[JParis]

Del?? How long did it take when you filed?? I have heard 6 months and then another 5 to get the first check,

Hell, my old manager file in late Feb, got his first check in June if memory serves me

[mkd]

Well I pulled my retirement to help my Kids,

I don't need much.

I can easily pass on $2000 a month at this point.

Del?? How long did it take when you filed?? I have heard 6 months and then another 5 to get the first check,

I'm ready.

I have options .

I'm friends with a guy in his early 80s that spends that sum on medical alone