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re: Retiring before 50

Posted on 6/16/23 at 8:36 am to
Posted by KWL85
Member since Mar 2023
3047 posts
Posted on 6/16/23 at 8:36 am to
Agree. This thread went completely off the rails. It was interesting for first part. The private jet guy and replies became pure entertainment.
Posted by KWL85
Member since Mar 2023
3047 posts
Posted on 6/16/23 at 9:12 am to
This thread is interesting. Staying out of the private jet world, you have several good replies for consideration. A good one is to remain active in retirement. Both mind and body. Don't be bored. Don't be lazy. I "retired" at 55 and my calendar is busy. I start my days later and normally end sooner than my previous life, but have something going on almost daily. It is filled with things I choose to do. I love it.

My version of retirement was eliminating most stress from my life. I worked in a stressful environment for years, and knew I didn't want that life forever. I am married with kids. Kids are grown and their struggles prevent me from being stress free. Lol.

Something that helped me is diversifying into real estate investing. I built a nice amount of money in the stock market by mid 30, then started getting into real estate. Rentals and new residential construction has been good to me. My stock assets made it easy for me to get bank loans to fund my real estate purchases. I now have good options on where my income comes from and can make decisions based on the cycles of the separate types of investments.

Something else worth mentioning is that I invested in both retirement and taxable accounts. The taxable accounts are favored by banks when getting loans for real estate investments. I was not aware of Roth accounts in my younger years, and could have done more there.

Good luck!
Posted by KWL85
Member since Mar 2023
3047 posts
Posted on 6/16/23 at 9:17 am to
A good number. I did it with a little less than that a few years ago and feel no pressure. Market and real estate returns allow me to only touch retirement accounts for huge purchases like a new vehicle or home addition.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
88759 posts
Posted on 6/16/23 at 10:00 am to
quote:

The private jet guy and replies became pure entertainment.




you are a newb here but you shoulda been here for THE BIG FELLA

you have never seen E dick measuring like with that guy .

It was some classic shite.

can you say LEASED ROLLS ROYCE IN A WHATABURGER DRIVE THRU?

those were the days
Posted by BigPerm30
Member since Aug 2011
30884 posts
Posted on 6/16/23 at 10:29 am to
If I didn’t have a wife and kids, I’d be retired at 45. Those fricking blood suckers
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
88759 posts
Posted on 6/16/23 at 10:15 pm to
quote:

If I didn’t have a wife and kids, I’d be retired at 45. Those fricking blood suckers




how old are you now?
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
37870 posts
Posted on 6/16/23 at 10:17 pm to
quote:

I decided to move (Colombia)


Tell us about living there
Posted by Rize
Spring Texas
Member since Sep 2011
18630 posts
Posted on 6/17/23 at 12:00 am to
quote:

If I didn’t have a wife and kids, I’d be retired at 45. Those fricking blood suckers


My wife is the reason I could retire that young


Posted by KWL85
Member since Mar 2023
3047 posts
Posted on 6/17/23 at 10:10 am to
Yea, lots of folks talking like a wife is a weight chained around their leg. Been married twice. Picked the wrong one first time, but have a winner now.

Kids are a different story. It appears they will be expensive even when I am feeding the worms 6 feet under.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53043 posts
Posted on 6/17/23 at 10:13 am to
quote:

Kids are a different story. It appears they will be expensive even when I am feeding the worms 6 feet under.

They don't get any cheaper until they are out on their own. I'm paying LA car insurance for a 16 yr old right now and she'll be in college in 2 years. I've got at least 6-7 more years of helping her. She's the youngest but I'll be 52 or so when she's hopefully out on her own.
This post was edited on 6/17/23 at 10:14 am
Posted by Breauxsif
Member since May 2012
22291 posts
Posted on 6/17/23 at 10:53 am to
When you get out of Baton Rouge you’ll see a plethora of opportunities. Healthcare IT is fine for Baton Rouge. Wait till you see some of the compensation packages at a FAANG or similar, where you’ll not only be paid above industry standards in cash, but in equity as well, which will speed up the inevitable exit of the rat race. With your technical skill sets and decades of experience, Senior SA’s will always be in high demand at any cloud computing company, you have a lot of great opportunity that is awaiting you.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53043 posts
Posted on 6/17/23 at 11:02 am to
My wife and I have probably saved more than most for retirement at this point but we've been aggressively catching up for the past decade.

Having 2 kids in your 20s is a bit of a ball buster but on the flip side we'll still be pretty young and empty nesters.
Posted by lynxcat
Member since Jan 2008
24993 posts
Posted on 6/17/23 at 1:31 pm to
If my wife keeps working then we’ll be able to retire early 40s if we desire. I expect I’ll seek to retire in my early 50s and probably do some part time teaching at a local college.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53043 posts
Posted on 6/17/23 at 1:37 pm to
I'm 45 and my wife is 4.5 years older than me. We are aiming to retire around the same time +/- a year or so. If she works to 65 and I work to 61-62 that would be ideal.

I have no delusions that we'll be able to retire really early at this point but who knows what will happen over the next 15 years or so.
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