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re: My Parents Retired at the Age I Will Turn Next Year...
Posted on 11/7/24 at 9:14 am to PurpleandGold Motown
Posted on 11/7/24 at 9:14 am to PurpleandGold Motown
quote:
At that time, you could bank infinite number of sick and personal days. They never used them.
I'm guessing they treated summers like vacations since they were teachers?
I couldn't imagine going through my career without ever taking a personal day.
1
Posted on 11/7/24 at 9:17 am to HotBoudin
quote:
If you can’t retire early, it’s YOUR fault. If you don’t save money for retirement it’s YOUR fault. Take responsibility, work and plan. Stop blaming others.
Spoken like someone who’s never had an ex-wife take you to the cleaners, or who’s never had a business fail for any of a thousand different reasons, some your fault, and some out of your control.. but by all means, dont let me stop you from standing in judgement of everyone’s else’s situation .
Posted on 11/7/24 at 9:20 am to GetCocky11
quote:
I'm guessing they treated summers like vacations since they were teachers?
I couldn't imagine going through my career without ever taking a personal day.
Pretty much.
We had a house in Gulf Shores right across from the old RV park (not there anymore) on Beach Rd that we moved to every summer. 3 bedroom 2 bath townhome Dad bought for 40k in 87.
Mom sat on the beach and Dad went fishing. Some of my earliest memories are pulling a shrimp net in the intracoastal waterway at 2am to get bait to go fishing in the morning.
Posted on 11/7/24 at 9:20 am to PurpleandGold Motown
Govt freeloading is coming to an end and it's about time.
Posted on 11/7/24 at 9:21 am to PurpleandGold Motown
My dad spent 40+ years in education. Got 2% of his highest pay as retirement income. Was a Lt Colonel in the USAF reserves. Got retirement from that and TriCare. Throw in SS too. His accountant told him for several years that he would make more money if he just retired, but he didn't want to quit. Just loved what he was doing.
His retirement was great, but his love of his work is something I really admire and feel happy for him.
His retirement was great, but his love of his work is something I really admire and feel happy for him.
Posted on 11/7/24 at 9:23 am to PurpleandGold Motown
quote:
We had a house in Gulf Shores right across from the old RV park (not there anymore) on Beach Rd that we moved to every summer. 3 bedroom 2 bath townhome Dad bought for 40k in 87.
Teachers with a second beach house bought for the 2024 equivalent of $111,000 who are drawing $10,000 a month in retirement benefits.
jfc, Americans had it good back then.
This post was edited on 11/7/24 at 9:24 am
Posted on 11/7/24 at 9:27 am to PurpleandGold Motown
quote:
across from the old RV park
had a chance to buy that around that time, right before the snowbirds discovered GS, and when there was a “season”
Posted on 11/7/24 at 9:27 am to PurpleandGold Motown
Defined benefit pensions were much more generous in their early years than now. That's why they have to move the goal posts or do away with them entirely because they can't maintain that level of benefits.
Posted on 11/7/24 at 9:31 am to kywildcatfanone
quote:
Govt freeloading is coming to an end and it's about time.
Define freeloading in this context? Working a 25 + year career?
Posted on 11/7/24 at 9:32 am to GetCocky11
quote:
Americans had it good back then
we’re talking tax payer subsidized pensions here baw
Posted on 11/7/24 at 9:37 am to PurpleandGold Motown
quote:
Never forget what they took from us!
Who is "they" and what did they take from you? Are you saying our government policy should be to provide tens of millions of new public sector jobs with massive pensions so that we can all retire in our 40's? If you are now in your early 40's you could have been a public school employee in Alabama starting in your early 20's with very few barriers to entry and had a near identical retirement. I'm not saying you should have done the same thing, but no one took that opportunity from you if that was the life you wish you had pursued. New teachers in Alabama who started in 2013 or later don't have quite as good of a retirement system, but it is still not bad.
Regret and being wronged are two very different things. I know tech workers in their mid 40's who saved and invested well who are retiring in their mid 40's today. Wish I had learned coding when I was young but I didn't.
Posted on 11/7/24 at 9:38 am to GetCocky11
quote:
Teachers with a second beach house bought for the 2024 equivalent of $111,000 who are drawing $10,000 a month in retirement benefits.
jfc, Americans had it good back then.
They really did. The only time I can ever really remember my family being concerned with money was when both my older brother and sister were in college at the same time.
Other than that, I mean, we always had a nice Christmas, we all got cars when we were 16, I went to private school when they retired. If they wanted to buy a car (and they didn't often), they just went and bought a car.
Yeah, they sometimes worked a full time job and two part time jobs, but we never worried.
Seems people worry all the time now.
Posted on 11/7/24 at 9:39 am to 777Tiger
quote:
had a chance to buy that around that time, right before the snowbirds discovered GS, and when there was a “season”
Beachwalk #4. Dad sold it in I think 05 for 400k.
Posted on 11/7/24 at 9:44 am to PurpleandGold Motown
quote:
Beachwalk #4. Dad sold it in I think 05 for 400k
there were a lot of good real estate investment opportunities around there back then and I was just starting to make some pretty good coin, single, no debt, that area was very underdeveloped at that time, right before the explosion
Posted on 11/7/24 at 9:44 am to MillerLiteTime
quote:
Who is "they" and what did they take from you?
I forget sometimes that this board isn't really familiar with memes. It's a fricking meme. I don't really think anyone took anything from anybody. It's meant to illustrate nostalgia for how things used to be.
This post was edited on 11/7/24 at 9:49 am
Posted on 11/7/24 at 9:48 am to 777Tiger
quote:
there were a lot of good real estate investment opportunities around there back then and I was just starting to make some pretty good coin, single, no debt, that area was very underdeveloped at that time, right before the explosion
Dad would joke with us kids and say, "I never could save money. If I have money, I will spend it. So, I buy things I think will be worth more later." So, he made some good property investments because he could afford the payments, but he also has 8 complete sets of every Topps, Donruss and Fleer baseball, basketball and football cards from 87-97. Win some. Lose some.
Posted on 11/7/24 at 9:50 am to PurpleandGold Motown
quote:
but he also has 8 complete sets of every Topps, Donruss and Fleer baseball, basketball and football cards from 87-97. Win some. Lose some.
I’ve always enjoyed messing around with real estate and have had some decent success with it
Posted on 11/7/24 at 9:52 am to Ghost of Colby
quote:
That’s why public pension funds are in trouble all over the country. Unfounded pension liabilities are real.
They also never thought about the technology advancement and people living longer.
They should show average life expectancy by net worth.
Would paint a much different picture.
This post was edited on 11/7/24 at 9:53 am
Posted on 11/7/24 at 9:52 am to PurpleandGold Motown
quote:
They decided to move him up north to avoid any problems. He said, "It was cold. I didn't want to go." So, he cashed out.
For me it was 2020-2021. Mandatory vaccines.... DEI was crammed down our throats.... LGBTQ crap was everywhere. We spent a great deal of time "training" on woke bullshite. It was just time for me to go. And it was the best decision I could have made.
Posted on 11/7/24 at 9:52 am to 777Tiger
quote:
there were a lot of good real estate investment opportunities around there back then and I was just starting to make some pretty good coin, single, no debt, that area was very underdeveloped at that time, right before the explosion
Yeah, Frederic had just come through in 79 and pretty much wiped out all the new development and given the economic situation, there weren't a whole lot of big builds going up in that area. It was still just a small town on the beach that no one knew about outside of Louisiana, Alabama and Mississippi. To buy a house across the road from the beach was about the same cost as buying one anywhere else in Alabama at the time.
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