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Posted on 7/28/15 at 12:59 pm to Darth_Vader
Within 20 years buy some property and do enough small scale farming to supplement my retirement income from investments. One day.
Posted on 7/28/15 at 1:00 pm to yellowfin
Average in the us is 71 right?
And this may be a stupid question but I'll ask it anyway. The average is 71, so 50% of men die before reaching 71 and 50% die after reaching 71 correct?
And this may be a stupid question but I'll ask it anyway. The average is 71, so 50% of men die before reaching 71 and 50% die after reaching 71 correct?
Posted on 7/28/15 at 1:04 pm to yellowfin
quote:
I don't think I could save enough money for 30 years of retirement
You never know what's going to happen but life expectancy for a upper class white male is almost 80 years old.
brah it sucks to be poor.
The rule of thumb is 25x your first year annual spend, and you can have 30 years of income. I will probably need closer to 40. But I doubt I will actually stop working 100% until I am in my late 50s.
Posted on 7/28/15 at 1:06 pm to Old Sarge
for males it's 76 and change
being white it's higher
being upper class it's higher
Average death for 3 guys is 71
One dies at 90
One dies at 63
One dies at 60
66.6% died before 71, 33.3% died after
being white it's higher
being upper class it's higher
quote:no not correct
The average is 71, so 50% of men die before reaching 71 and 50% die after reaching 71 correct?
Average death for 3 guys is 71
One dies at 90
One dies at 63
One dies at 60
66.6% died before 71, 33.3% died after
Posted on 7/28/15 at 1:07 pm to DonChowder
quote:
Within 20 years buy some property and do enough small scale farming to supplement my retirement income from investments. One day.
I think I'm going to take photography more seriously and do photo guiding trips during the summer months. Already know where I want to live, will have a cabin to live in full time. I'm learning from a friend and local photographer who does excursions into Glacier Bay.
Don't need a lot, don't want a lot. Will have a nice boat to cruise around in though, maybe an RV.
Posted on 7/28/15 at 1:09 pm to Darth_Vader
Nothing definitive but it involves a ski place in CO, a beach house somewhere and some kind of presence in Boston.
I don't plan to retire in LA.
I don't plan to retire in LA.
Posted on 7/28/15 at 1:09 pm to yellowfin
It doesn't take a lot of money to live if you have no mortgage, no kids to support, and no car payments. The largest expense will be getting health insurance until Medicare kicks in. Most people will have a major medical expense before 60, and if you don't plan, that will break you. Also, if your parents don't have LTC insurance, don't expect much from them. They will probably spend most of their money the last two years of their life taking care of each other.
Posted on 7/28/15 at 1:10 pm to Hawkeye95
quote:
brah it sucks to be poor.
correct
I read your budget thread on the money board and could never live like you, I enjoy spending life and that costs money.
Posted on 7/28/15 at 1:12 pm to yellowfin
quote:
I read your budget thread on the money board and could never live like you, I enjoy spending life and that costs money.
Same here, I also like to be able to give generously.
Posted on 7/28/15 at 1:12 pm to yellowfin
quote:
I read your budget thread on the money board and could never live like you, I enjoy spending life and that costs money.
Enjoy working your entire life.
I think if the people in that thread saw our actual annual spend, they might have responded differently.
Posted on 7/28/15 at 1:14 pm to sec13rowBBseat28
quote:
Marco Island
IMO that is the best kept secret on the Gulf Coast...If I could retire there I most def would
Posted on 7/28/15 at 1:19 pm to Hawkeye95
quote:
Enjoy working your entire life.
I do enjoy working and my job allows me to take plenty of time off now to travel so I don't see why I need to quit 30 years before I die
Posted on 7/28/15 at 1:25 pm to Darth_Vader
I want to retire to Grand Isle but my husband thinks that I have lost my mind when I say that. LOL
Posted on 7/28/15 at 1:27 pm to Hawkeye95
quote:
Enjoy working your entire life.
I'll work until 60 but take lots of vacations and spend my workdays sitting on the deck looking at the lake.
It's not so bad.
Posted on 7/28/15 at 1:34 pm to Old Sarge
I plan to work forever, unless I have a catastrophic disease or physical disablity. I have about $215K saved already but am 41 so a little behind the curve.
Posted on 7/28/15 at 1:39 pm to Agforlife
quote:
I plan on doing a lot more racing and building cars and bikes
I think most people fail to realize they won't be physically able to still do these sorta things....better do them now. You probably won't even want to do them then because you'll be old, unemployed, and worried about making every dollar you still have left last.
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