Health insurance is stupid expensive. I pay out of pocket. And I still had to pay a fortune for all my daughter’s medical shit. Health insurance. Multiple child support payments. Terrible investments. Retirement is nothing I even really think about
The thought has crossed my mind that eventually ending up with someone and having both our retirement incomes would be good. Obviously not a reason to shack up with someone, but it could be a nice benefit. Maybe you could go the Sugar Mama route.
Once I became debt free and still had an active income as well as some passive income and investments, retirement didn't seem so daunting. But then again I lead a simple lifestyle with simple needs so this "travel the world, experience this and that and omg I need a mid 7 to 8 figure retirement savings to continue to lead the same lifestyle" mentality falls flat with me. The wife and I will be taking SS as soon as we are able and that along with Medicare "should" cover the monthly nut (insurance/taxes/ulitities), leaving us to live an easy lifestyle off ditributions from retirement and continued investment earnings (of course short of any long term catastrophic health issues, but that will get ya whether you have 1mil or 10 mil).
I've already told the kids that we may not have a large cash inheritance to leave them, as we plan to use most if not all of it, but there will be a very nice cache of goodies and real estate for them to fight over.
Late 50s, going on 75 according to my back and knees.
Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan. POTFB
I'll go work at Costco or someplace like that for the insurance if I have to. Maybe I can get a job at White's filling propane tanks and mixing paint.
The dad of a woman I used to date retired and worked at the local Y part time, just for something to do. He said he did whatever it was they needed him to do - check people in at the front desk, lifeguard, etc - but he also admitted that a large chunk of his day was just shooting the shit with other people who worked there or with people that would stop by expressly to shoot the shit with him.
He one time told me he missed a 'mandatory' meeting because it wasn't during the time he was scheduled to work. He didn't need the job for insurance or finances, so he just did what he wanted.
Once I became debt free and still had an active income as well as some passive income and investments, retirement didn't seem so daunting. But then again I lead a simple lifestyle with simple needs so this "travel the world, experience this and that and omg I need a mid 7 to 8 figure retirement savings to continue to lead the same lifestyle" mentality falls flat with me. The wife and I will be taking SS as soon as we are able and that along with Medicare "should" cover the monthly nut (insurance/taxes/ulitities), leaving us to live an easy lifestyle off ditributions from retirement and continued investment earnings (of course short of any long term catastrophic health issues, but that will get ya whether you have 1mil or 10 mil).
I've already told the kids that we may not have a large cash inheritance to leave them, as we plan to use most if not all of it, but there will be a very nice cache of goodies and real estate for them to fight over.
Getting debt free was a big one for me too. Then I sold my house at the end of last year and made a decent chunk of change. That money is pretty conservatively invested and I can get to it without penalty right now, but I'm kicking the tires on more aggressively investing it. I go back and forth on whether I ever want to buy anything ever again. Maybe a condo if the situation is right. I'm working toward making a career/ city move...maybe I'll reassess whether to buy or rent when I settle somewhere. I'll be 51 next week so it's not out of the question that my next job could be my last one.
Once I became debt free and still had an active income as well as some passive income and investments, retirement didn't seem so daunting. But then again I lead a simple lifestyle with simple needs so this "travel the world, experience this and that and omg I need a mid 7 to 8 figure retirement savings to continue to lead the same lifestyle" mentality falls flat with me. The wife and I will be taking SS as soon as we are able and that along with Medicare "should" cover the monthly nut (insurance/taxes/ulitities), leaving us to live an easy lifestyle off ditributions from retirement and continued investment earnings (of course short of any long term catastrophic health issues, but that will get ya whether you have 1mil or 10 mil).
I've already told the kids that we may not have a large cash inheritance to leave them, as we plan to use most if not all of it, but there will be a very nice cache of goodies and real estate for them to fight over.
We live so simply that I think we could make it comfortably if I bounced now, regardless of if SS goes tits up and isn't there for us in 10 years. We just wouldn't be able to follow through with travel and some of the other plans we have. Health issues are what scare me the most, so far, we're both healthy and don't have any chronic health conditions, and knock on wood, it stays that way.
Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan. POTFB
Damn, dude. That's beyond my ability to comprehend.
Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan. POTFB
This thread's answers should only be in memes. Such as:
Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan. POTFB
