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10-12-2024, 01:31 PM | #271 | |
(Sir/Yes Sir/Aye Aye Sir)
Join Date: Oct 2009
Location: Diving
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Quote:
Hope this helps... |
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Posts: 119,887
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10-12-2024, 01:55 PM | #272 | |
Homer go crazy!!!
Join Date: Nov 2003
Location: SE Kansas
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Quote:
It does help. Thank you! |
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Posts: 18,164
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10-12-2024, 02:27 PM | #273 | |
On Hiatus
Join Date: Aug 2000
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Quote:
The first few days of your retirement are odd...your body will wonder why you are sleeping in and not getting ready to work. |
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Posts: 11,935
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10-12-2024, 02:34 PM | #274 |
On Hiatus
Join Date: Aug 2000
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Posts: 11,935
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10-12-2024, 03:14 PM | #275 |
Supporter
Join Date: Nov 2005
Location: Peoples Republic of CoMo
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I agree. I just want to have a few years before health issues could start happening and be able to do somethings I didn't have time to do while working.
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Posts: 4,383
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10-12-2024, 03:39 PM | #276 | |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
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Quote:
Now, I had to retire a couple of years early but the plan still was in place. We bought at the bottom of a crashed housing market. Set us up for a successful retirement. Now, the hurricane insurance may make us move away from the water but we still stay down here. Have a plan. Things change. Be flexible. |
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Posts: 80,235
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10-14-2024, 07:26 AM | #277 | |
On Hiatus
Join Date: Aug 2000
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Quote:
I have health issues...one's that make the thought of working a silly thought. I don't want to be the guy whose wife gets a call saying "sorry Mrs. Mosbonian, but your husband had a heart attack at work and didn't make it to the hospital". |
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Posts: 11,935
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10-14-2024, 07:50 AM | #278 |
Veteran
Join Date: Nov 2016
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Two days... Feels really weird... Like this is the last Thursday and Friday of work and then every day is Saturday forever. No more asking for the day off, after hours support or planning things on the weekend so I can be back on Monday.
The end of one thing is the beginning of another. My brother in law wants to work until he is 70 to maximize his SS money. They were on the first leg of a trip in Arkansas, he tripped on a trail, fell, landed on a big rock and broke his hip. Now his vacation is surgery, physical therapy and recovery. I hope this wakes him up because life can and does change in an instant. |
Posts: 4,759
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10-14-2024, 07:58 AM | #279 | |
(Sir/Yes Sir/Aye Aye Sir)
Join Date: Oct 2009
Location: Diving
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Quote:
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Posts: 119,887
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10-14-2024, 08:12 AM | #280 |
Stroking to the SB Champs!
Join Date: Aug 2000
Location: Flatlands of Kansas
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Since we are talking about 401K's, I'll just kick this out there. I've been self-employed since 2003. Shortly thereafter, I started contributing to a SEP IRA. It's an awesome way to save on paying taxes, and a great way to put some money aside. You can put up to 25% of what you make, or in 2024 ('23 Tax basis) it's $66,000 max. If you are self-employed, make sure you are doing something like this.
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Posts: 40,219
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10-14-2024, 08:50 AM | #281 | |
On Hiatus
Join Date: Aug 2000
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Quote:
In fact...I started drawing mine at FRA and still worked another 18 months. So the SS I was getting was just money I could put away extra. Better in my hands making it work for me instead of it in the governments hands.. Sorry what happened to your B-I-L....it sucks that these things can and do occur. Imagine working your last day of work....your friends have a going away dinner for you and your spouse at a nice restaurant. On the way home a careless/drunk driver plows head long into your car and your wife survives and you don't? That happened to a peer of mine in the industry I worked in... |
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Posts: 11,935
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10-14-2024, 09:19 AM | #282 | |
Born to Ride
Join Date: Sep 2002
Location: NWA
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Quote:
I will add for anyone capable of maxing or at least contributing to Roth IRA's and HSA'S do that as well. When my employer added the High Deductible Health plan and an HSA I took advantage of maxing out my HSA. Being a healthy guy we paid out of pocket for the little health care we used. We still do. We are saving the HSA and allowing it to grow until it is really needed in our later years. What I failed to do was invest in a Roth. I have around a 14-16% effective tax rate in retirement. Nothing sucks more than to pay Uncle Same $1600 bucks for every $10K you withdraw from your IRA. |
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Posts: 16,381
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11-04-2024, 08:30 AM | #283 |
On Hiatus
Join Date: Aug 2000
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Just thought I would bring this one back up to the top in case anyone new has retired lately.
The really nice part about retirement? When you have the Sunday Night and Monday Night games, there is no real rush to get up early in the AM to have to get to work. |
Posts: 11,935
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11-04-2024, 12:09 PM | #284 |
Supporter
Join Date: Nov 2005
Location: Peoples Republic of CoMo
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Starting on week 4 of retirement. I have enjoyed sleeping in that is for sure but I really need to get myself on a schedule to get up earlier and get to the honey-do list although I have knocked a few items out just to keep the honey happy.
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Posts: 4,383
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11-04-2024, 05:04 PM | #285 | |
(Sir/Yes Sir/Aye Aye Sir)
Join Date: Oct 2009
Location: Diving
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Quote:
No matter what, I LOVE my retired life... |
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Posts: 119,887
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