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Generally, I see women retire at the right time, long before the men. Lots of old guys afraid of not "having a plan". Some are coaches and can't leave that part. Being a PE teacher, working out and listening to rock music all day --isn't that retirement?!?! |
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Medicaid = Free healthcare for the really dirt poor at any age Medicare = Healthcare for everyone 65 and older |
I retired in 2013 at the age of 55. I play golf 5 times a week (weather permitting). My hobby is astronomy via the Astronomical Society of Kansas City (ASKC). Trying to teach young people about space. I see my grandchildren almost any time I want to. (ages 22-4. 11 of them). I never had been so bored that I thought about working again. To the younger folks out there, pay yourself first. Have a budget and live within your means. In other words, save your money now via a 401k. Don't touch it until you retire. Compound interest is your friend.
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Make sure you guys go to the casino
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I fretted a lot before I retired. You have a mindset for ~35-40 years of putting as much money as you can in the retirement bucket - to not continue that mindset feels like a mis-step. I read a couple articles about how much cash you should have on hand, and I quadrupled that by the time I actually retired ( I fretted).
Well - It took me about one year of retirement to get my brain re-oriented and I realized that I WAS RICH and probably could have retired several years earlier. I'm still spending down those cash reserves 5 years later. My money woes now are around converting my 401k/Traditional IRAs to Roths so that the kids won't have to pay taxes on them when they inherit (because I'll never spend it all) LIFE IS GOOD (of course it would be a lot better if I had this much money and I was 25 -35 years old and could still do all those young people things) |
Just 5 1/2 days left on the countdown clock.
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Over/Under on how many items on Mosbonian’s agenda for this week’s staff meeting are going to be set over to next week.”?
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Interesting take. I’ll need some kind of goal in retirement but I look forward to figuring out what that will be. My life feels like 100% kids and work, so I’m curious to see what the next stage of life will look like for me.
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I have some young employees that I manage in their 20's that have chose not to participate in any of the retirement plans that are offered. When I talk to them about just putting in 3% and getting the matching from our employer they balk. I try to tell them but it falls on deaf ears. So to you youngsters out there, start investing now! |
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You can live comfortably and not have to have a million dollars in retirement. |
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Luckily for me my daughter and son in law who are in the late 20's are heeding the advice to start your retirement funds now...in fact they are already ahead of where my wife and I were at this stage of life. |
Thanks everyone fir the well wishes/congratulations/reminders that I am an old f@rt
Also didn't know that there were as many of us either retired or close to retired. And old enough to have witnessed all 4 Super Bowl wins. |
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