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Started By
Message
Retirement Plans
Posted on 8/8/17 at 9:48 pm
Posted on 8/8/17 at 9:48 pm
What's the game plan fellas?
- $ amount to feel comfortable retiring
- age
- location
- bucket list
- etc
I'm 35.... plan to retire at 55 w/ $2.5 million ($3 million in total assets) to a lake house in the mountains in North Carolina. Plan to spend a lot of time with friends, family, and being outdoors. Hoping weed is legal by then... plan to roll some doobies and hit some trails (hiking and off roading). Lots of cooking and working on projects etc...
Whatcha got? I like to ponder on what retirement could be like...
- $ amount to feel comfortable retiring
- age
- location
- bucket list
- etc
I'm 35.... plan to retire at 55 w/ $2.5 million ($3 million in total assets) to a lake house in the mountains in North Carolina. Plan to spend a lot of time with friends, family, and being outdoors. Hoping weed is legal by then... plan to roll some doobies and hit some trails (hiking and off roading). Lots of cooking and working on projects etc...
Whatcha got? I like to ponder on what retirement could be like...
12
Posted on 8/8/17 at 9:49 pm to RollTideATL
Money board
Posted on 8/8/17 at 9:49 pm to RollTideATL
TD Hookers and Blow IRA
Posted on 8/8/17 at 9:50 pm to RollTideATL
What about if you die before then?
This post was edited on 8/8/17 at 9:51 pm
Posted on 8/8/17 at 9:51 pm to RollTideATL
I'm just gonna win the lottery and live out the rest of my days fricking 22 year olds.
Sorry - I forgot I wasn't on the OT
Sorry - I forgot I wasn't on the OT
This post was edited on 8/8/17 at 9:52 pm
Posted on 8/8/17 at 9:51 pm to RollTideATL
Work til the day I die. And I'am okay with it.
Posted on 8/8/17 at 9:52 pm to RollTideATL
will retire at 60 with 1.5 MM in 401K plus savings and company pension.
will move back to Louisiana, but plan to also buy a cabin in the rockies to fly fish and elk hunt out of.
will move back to Louisiana, but plan to also buy a cabin in the rockies to fly fish and elk hunt out of.
Posted on 8/8/17 at 9:52 pm to RollTideATL
quote:
I'm 35.... plan to retire at 55 w/ $2.5 million ($3 million in total assets)
I take it then you already are close to $1 million in assets.
Posted on 8/8/17 at 9:54 pm to RollTideATL
Not sure about age yet. But hopefully around 2 million to do so. Arroyo Seco/Taos NM area. Ski, fish, hike and live in the mountains. Bucket list: travel across Utah with a Opus camper.
Posted on 8/8/17 at 9:59 pm to East Coast Band
quote:
I take it then you already are close to $1 million in assets.
Only at $400k in assets currently, but accouting for inherentance etc. Not saying my numbers will be right on by 55, but you gotta have a goal...
Posted on 8/8/17 at 11:03 pm to RollTideATL
I'll be living in a van down by the river.
Posted on 8/8/17 at 11:27 pm to RollTideATL
This individual savings or household two income earners?
This post was edited on 8/8/17 at 11:28 pm
Posted on 8/9/17 at 9:05 am to RollTideATL
Rule of 72 says if you make 9% you would have about $2.4m in 20 years. Don't let those naysayers bum you out. And that's without continuing to save.
I'll play along... I'd like to buy a small place close to the beach, maybe Costa Rica, Belize, or Ecuador, not sure yet as well as a paid off house here (probably downsize)... 38 now, and have a small child so I'm locked up until probably 58 before I can retire.
I like Costa Rica because it's close enough to get a pilot's license and be able to fly there and back. I'll admit I don't know if this is possible, but it seems on early research that the range and distance work on a small twin engine plane.
The houses would be paid for as would the plane so I could probably get by with less than $2m.
I'll play along... I'd like to buy a small place close to the beach, maybe Costa Rica, Belize, or Ecuador, not sure yet as well as a paid off house here (probably downsize)... 38 now, and have a small child so I'm locked up until probably 58 before I can retire.
I like Costa Rica because it's close enough to get a pilot's license and be able to fly there and back. I'll admit I don't know if this is possible, but it seems on early research that the range and distance work on a small twin engine plane.
The houses would be paid for as would the plane so I could probably get by with less than $2m.
Posted on 8/9/17 at 9:41 am to UpstairsComputer
I like the idea of Central and South America also.
It would take a high dollar plane to fly it non stop. I don't think you could make it in a king air or a citation even.
It would take a high dollar plane to fly it non stop. I don't think you could make it in a king air or a citation even.
Posted on 8/9/17 at 9:42 am to aVatiger
quote:
aVatiger
quote:
TD Hookers and Blow IRA
You may recognize this by it's colloquial name...
"The Other Backdoor IRA."
Posted on 8/9/17 at 2:53 pm to RollTideATL
$2mil
45
KC MO or small town suburb
see a crap ton of the USA and Mexico
Golf a lot.
45
KC MO or small town suburb
see a crap ton of the USA and Mexico
Golf a lot.
Posted on 8/9/17 at 6:25 pm to RollTideATL
25x annual spend
Currently 43
Plan to retire at 45
Will likely still do contract work after that. My goal is to visit 100 countries before i did, I have done 42.
Currently 43
Plan to retire at 45
Will likely still do contract work after that. My goal is to visit 100 countries before i did, I have done 42.
Posted on 8/10/17 at 8:05 am to down time
Yeah, was figuring on either a Miami or Yucatan stop. So you're saying there's a chance?!?
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