f7ben Posted May 10, 2018 Author Share Posted May 10, 2018 1 minute ago, Nazipigdog said: That is also foolish way to look at retirement. #1 being health care costs. You or your wife gets sick and couple hundred thousand can go real quick. Ive seen this alot, and recently. Dont even tell me that your company or some shit has health insurance for retirees or medicare this or that. The price of health care is skyrocketing and by the time you are in your twilight medicare will be gutted and insurance for people that age will be almost unattainable. I would not even look at retirement as just a level of lifestyle. I support 3 seniors now. I definitely dont want to put that burden on my kids. By the time I retire there will be UHC in this country......but I am saving in an HSA none the less. Quote Link to comment Share on other sites More sharing options...
Snake Posted May 10, 2018 Share Posted May 10, 2018 3 minutes ago, f7ben said: And I absolutely hope that happens for you. You and your wife have done extremely well for yourselves. To say that someone needs over 100k in retirement is idiocy though. If you have no bills you should be able to live a very full life on a reasonable dollar amount. Are you going to travel the world like Tom and drive brand new trucks every year? Well .....maybe not but people have different priorities My last brand new vehicle was 8 years ago, and will never buy another. I will probably travel more than now, but not a whole lot. BIlls will be minimalist when the time comes. What it takes to keep the house up and feed my face. 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted May 10, 2018 Share Posted May 10, 2018 1 minute ago, f7ben said: By the time I retire there will be UHC in this country......but I am saving in an HSA none the less. Thats socialism brah.. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 10, 2018 Author Share Posted May 10, 2018 1 minute ago, Snake said: My last brand new vehicle was 8 years ago, and will never buy another. I will probably travel more than now, but not a whole lot. BIlls will be minimalist when the time comes. What it takes to keep the house up and feed my face. you dont think you could do all that on 5k per month? Fuck.....some people raise a family comfortably and never make more than that Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 10, 2018 Author Share Posted May 10, 2018 Just now, Nazipigdog said: Thats socialism brah.. Fuck yah Quote Link to comment Share on other sites More sharing options...
Anler Posted May 10, 2018 Share Posted May 10, 2018 Just now, f7ben said: you dont think you could do all that on 5k per month? Fuck.....some people raise a family comfortably and never make more than that Pills brah, pills.. Quote Link to comment Share on other sites More sharing options...
Snake Posted May 10, 2018 Share Posted May 10, 2018 2 minutes ago, f7ben said: you dont think you could do all that on 5k per month? Fuck.....some people raise a family comfortably and never make more than that Well... won't I be pleasantly surprised... 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted May 10, 2018 Share Posted May 10, 2018 20 minutes ago, Nazipigdog said: regardless, the investing strategy of in and out based on market trends for retirement planning is just a waste of time. You can do better is all Im saying. esp if he thinks he could bank a mil in 10 years, even with a great financial advisor and the profit shares he's been getting that would be doubtful but trying to time the market nearly impossible. Quote Link to comment Share on other sites More sharing options...
Im4snow Posted May 10, 2018 Share Posted May 10, 2018 6 minutes ago, f7ben said: you dont think you could do all that on 5k per month? Fuck.....some people raise a family comfortably and never make more than that The Fed Res TELLS us they want to achieve 2% annual inflation. Over 20 years, at 2% inflation (the Gov's goal), the value of a dollar is cut by nearly 50%. One could build the case that probable inflation will exceed 2% in the coming decades. At 3% over 20 years the value of a dollar is reduced by 80%. It's better to have a little room for error when estimating retirement $$ needs. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 10, 2018 Author Share Posted May 10, 2018 4 minutes ago, Im4snow said: The Fed Res TELLS us they want to achieve 2% annual inflation. Over 20 years, at 2% inflation (the Gov's goal), the value of a dollar is cut by nearly 50%. One could build the case that probable inflation will exceed 2% in the coming decades. At 3% over 20 years the value of a dollar is reduced by 80%. It's better to have a little room for error when estimating retirement $$ needs. Its better to live your life while your young and do the best you can to save without completely constricting your quality of life while you can actually enjoy it. Fuck being one of those people worried about what they are going to do when they are 80. That is what the pieces of shit destroying our wealth as a country want. Slaves working 40 years and saving everything so they can feed themselves into their 90's. Well fuck them and FUCK YOU @@@!ck;v ndfjnvo ife 1 Quote Link to comment Share on other sites More sharing options...
jammin Posted May 10, 2018 Share Posted May 10, 2018 1 hour ago, Nazipigdog said: regardless, the investing strategy of in and out based on market trends for retirement planning is just a waste of time. You can do better is all Im saying. My wife went 60% high risk 21 years ago when we were about Ben's age lol. Hasn't fucked with it since and has done pretty good. The other 40 get moved around by a firm. 1 hour ago, f7ben said: By the time I retire there will be UHC in this country......but I am saving in an HSA none the less. Thats a nice pipe dream. Hope it comes true. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 10, 2018 Author Share Posted May 10, 2018 Just now, jammin said: My wife went 60% high risk 21 years ago when we were about Ben's age lol. Hasn't fucked with it since and has done pretty good. The other 40 get moved around by a firm. Thats a nice pipe dream. Hope it comes true. yup Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 10, 2018 Share Posted May 10, 2018 1 hour ago, f7ben said: Its better to live your life while your young and do the best you can to save without completely constricting your quality of life while you can actually enjoy it. Fuck being one of those people worried about what they are going to do when they are 80. That is what the pieces of shit destroying our wealth as a country want. Slaves working 40 years and saving everything so they can feed themselves into their 90's. Well fuck them and FUCK YOU @@@!ck;v ndfjnvo ife Attaboy. Just the same. Let somebody on the inside handle the bulk. Just keep a nice little chunk for some "fun-trading" on the side. That's the smart bet. By some luck and maybe by accident, my side chunk has done better than the other shit by a few points so far this year. But I'm not about to get cocky. That's how my big chunks end up as small kibble. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 10, 2018 Share Posted May 10, 2018 1 hour ago, f7ben said: you dont think you could do all that on 5k per month? Fuck.....some people raise a family comfortably and never make more than that Hell no. What is wrong with having your money work for you instead of the other way around? Quote Link to comment Share on other sites More sharing options...
Anler Posted May 10, 2018 Share Posted May 10, 2018 9 minutes ago, ArcticCrusher said: Hell no. What is wrong with having your money work for you instead of the other way around? werd. Im planning on living on the dividend payments and having the cash to buy whatever. And fuck living in my "paid for" house. Im going 100% maintenance free! 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 10, 2018 Share Posted May 10, 2018 19 minutes ago, Nazipigdog said: werd. Im planning on living on the dividend payments and having the cash to buy whatever. And fuck living in my "paid for" house. Im going 100% maintenance free! Gotta live large in retirement, stylin and profilin bro. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted May 10, 2018 Share Posted May 10, 2018 2 hours ago, f7ben said: Its better to live your life while your young and do the best you can to save without completely constricting your quality of life while you can actually enjoy it. Fuck being one of those people worried about what they are going to do when they are 80. That is what the pieces of shit destroying our wealth as a country want. Slaves working 40 years and saving everything so they can feed themselves into their 90's. Well fuck them and FUCK YOU @@@!ck;v ndfjnvo ife Totally agree, balance is the key. I knew a few older guys that lived like they were poor their whole lives, did nothing but work,eat,sleep and save their money, they dropped dead and their kids inherited the windfall, fuck that. Quote Link to comment Share on other sites More sharing options...
Anler Posted May 10, 2018 Share Posted May 10, 2018 30 minutes ago, snoughnut said: Totally agree, balance is the key. I knew a few older guys that lived like they were poor their whole lives, did nothing but work,eat,sleep and save their money, they dropped dead and their kids inherited the windfall, fuck that. I know plenty of cheap mother fucker who will die with millions in the bank. And it probably pisses them off that their family will spend it when they are dead. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 10, 2018 Author Share Posted May 10, 2018 I will inherit some things that will give me a leg up later in life. Nothing huge but some nice stuff that will add wealth to my personal situation. I for sure want to leave my daughter an even larger leg up when I am gone than I will get but she aint getting all of it Quote Link to comment Share on other sites More sharing options...
Im4snow Posted May 10, 2018 Share Posted May 10, 2018 3 hours ago, f7ben said: Its better to live your life while your young and do the best you can to save without completely constricting your quality of life while you can actually enjoy it. Fuck being one of those people worried about what they are going to do when they are 80. That is what the pieces of shit destroying our wealth as a country want. Slaves working 40 years and saving everything so they can feed themselves into their 90's. Well fuck them and FUCK YOU @@@!ck;v ndfjnvo ife The plan is to live well, including in retirement. Due to longer life spans than prior generations the biggest risk many American's face is outliving their money. My mom's 71 and generally speaking is of sound mind and body so she can do what she wants. Fortunately she's got enough resources to not worry about money today, or for the rest of her life no matter how long she lives. Pinching pennies in retirement doesn't sound like fun. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 10, 2018 Share Posted May 10, 2018 1 hour ago, snoughnut said: Totally agree, balance is the key. I knew a few older guys that lived like they were poor their whole lives, did nothing but work,eat,sleep and save their money, they dropped dead and their kids inherited the windfall, fuck that. That sounds stupid. Invest, and grow, its really not complicated. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted May 10, 2018 Share Posted May 10, 2018 (edited) 44 minutes ago, Nazipigdog said: I know plenty of cheap mother fucker who will die with millions in the bank. And it probably pisses them off that their family will spend it when they are dead. I have a customer who's an 80 yr. old lady, she has been divorced from her husband for quite some time and they had 6 kids together. A few years ago he passed away and left the six kids to split up 1 million dollars, not a ton but each kid was going to get around 160k each, free money right. Well, she proceeds to tell me that for a couple of years after his death the kids fought like hell over this inheritance and they all got lawyers involved, the kids didn't realize that for every minute they were consulting with their lawyers they were on the clock, she told me the lawyers ended up with most of it. 18 minutes ago, Im4snow said: The plan is to live well, including in retirement. Due to longer life spans than prior generations the biggest risk many American's face is outliving their money. My mom's 71 and generally speaking is of sound mind and body so she can do what she wants. Fortunately she's got enough resources to not worry about money today, or for the rest of her life no matter how long she lives. Pinching pennies in retirement doesn't sound like fun. Pinching pennies in your 20's and 30's to save for retirement doesn't sound like much fun either. Edited May 10, 2018 by snoughnut Quote Link to comment Share on other sites More sharing options...
snoughnut Posted May 10, 2018 Share Posted May 10, 2018 5 minutes ago, ArcticCrusher said: That sounds stupid. Invest, and grow, its really not complicated. What sounds stupid? The balance part or what the old guys were doing? Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 10, 2018 Share Posted May 10, 2018 Let's do this whole retirement thing the 'Murican way. FSCE lottery ticket group purchase? PM me your bank accounts and I'll make a small withdrawel every week for tickets, plus....just a small bit for my admisitration costs. You can all trust me! I promise!!! Quote Link to comment Share on other sites More sharing options...
Sal Rosenberg Posted May 10, 2018 Share Posted May 10, 2018 5 minutes ago, snoughnut said: I have a customer who's an 80 yr. old lady, she has been divorced from her husband for quite some time and they had 6 six kids together. A few years ago he passed away and left the six kids to split up 1 million dollars, not a ton but each kid was going to get around 160k each, free money right. Well, she proceeds to tell me that for a couple of years after his death the kids fought like hell over this inheritance and they all got lawyers involved, the kids didn't realize that for every minute they were consulting with their lawyers they were on the clock, she told me the lawyers ended up with most of it. Pinching pennies in your 20's and 30's to save for retirement doesn't sound like much fun either. 3 minutes ago, snoughnut said: What sounds stupid? The balance part or what the old guys were doing? Some of these clown think that they are going to live forever , so they make themselves miserable , yet try to convince themselves that they are having a good time staring at a balance sheet all day Quote Link to comment Share on other sites More sharing options...
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