2020 Presidential Race

[1972 Grad]

Shoot. I aim to cease working by 50. I'm already ahead of schedule.

Then , I hope you will have the inflation adjusted equivalent of probably close to $3 million if there are 2 of you.

 

[hog88]

Shoot. I aim to cease working by 50. I'm already ahead of schedule.

Kids tend to put a kink in the best of plans.

 

[DinkinFlicka]

Then , I hope you will have the inflation adjusted equivalent of probably close to $3 million if there are 2 of you.

A lot of it is tied up in steadily appreciating investments. Next step is owning a turnkey or three.

 

[DinkinFlicka]

Kids tend to put a kink in the best of plans.

Indeed the little ****ers do. This is why I juke 'em.

 

[SpaceCoastVol]

The average person has little saved, even in their 50's/60's.

Here's how much the average family has saved for retirement at every age

1 in 3 Americans have less than $5,000 saved for retirement—here's why so many people can't save

 

[SpaceCoastVol]

Shoot. I aim to cease working by 50. I'm already ahead of schedule.

Just curious, but if you do, what kind of savings do you think you will need to last you, and what do you plan to do when you 'retire'? I am genuinely curious.

 

[1972 Grad]

Just curious, but if you do, what kind of savings do you think you will need to last you, and what do you plan to do when you 'retire'? I am genuinely curious.

What did you think of my post #1101 and that amount of money if he retires at 50?

 

[SpaceCoastVol]

Kids tend to put a kink in the best of plans.

doncha mean kink tends to put kids in the plan?

 

[SpaceCoastVol]

What did you think of my post #1101 and that amount of money if he retires at 50?

That would work. Actually when I was younger that was the number I was shooting for. 5% interest/year is $150k. I could live on that no prob. I just wondered if he had a number in mind.

 

[DinkinFlicka]

Just curious, but if you do, what kind of savings do you think you will need to last you, and what do you plan to do when you 'retire'? I am genuinely curious.

Like I said, the grand focus is steady income from investments and turnkeys. I'll have a moderate nest egg of cash, but the influx of new money generated from stuff I don't really touch is key.

As for what I'll do? I'll just travel light for 12 months of the year instead of 3.

 

[SpaceCoastVol]

Like I said, the grand focus is steady income from investments and turnkeys. I'll have a moderate nest egg of cash, but the influx of new money generated from stuff I don't really touch is key.

As for what I'll do? I'll just travel light for 12 months of the year instead of 3.

Travelling all the time gets old. Trust me on this.


Then what?

I'm not digging on you, like I said, I am generally curious about what people that say they want to retire early think they will do for the next 30-40 years.

 

[hog88]

doncha mean kink tends to put kids in the plan?

Holes not kinks.

 

[1972 Grad]

That would work. Actually when I was younger that was the number I was shooting for. 5% interest/year is $150k. I could live on that no prob. I just wondered if he had a number in mind.

I'm thinking that to retire at 50, one needs to plan for a 40 year retirement. I'm thinking that withdrawing 4% of the nest egg per year might keep you going for 30 years. To stretch it to 40 years, I would think that 3% would be more realistic. That means 33 times however much he needs per year. If he needs 90K, that would be $3 million. I may be wrong. It costs money to travel year round.

 

[DinkinFlicka]

Travelling all the time gets old. Trust me on this.


Then what?

I'm not digging on you, like I said, I am generally curious about what people that say they want to retire early think they will do for the next 30-40 years.

I reckon I'll just go ahead and die at that point.

 

[DinkinFlicka]

I'm thinking that to retire at 50, one needs to plan for a 40 year retirement. I'm thinking that withdrawing 4% of the nest egg per year might keep you going for 30 years. To stretch it to 40 years, I would think that 3% would be more realistic. That means 33 times however much he needs per year. If he needs 90K, that would be $3 million. I may be wrong. It costs money to travel year round.

Residual. Income.

I know people in their 40's who live off residuals. Kind of surprised you don't. Not sure why this concept is so foreign to you.

 

[1972 Grad]

Residual. Income.

I know people in their 40's who live off residuals. Kind of surprised you don't. Not sure why this concept is so foreign to you.

I live off dividends.

 

[DinkinFlicka]

I live off dividends.

That's what I'm talking about. I imagine I need less than you do, though. Nothing to do with you, I'm just not very lavish when it doesn't involve food and drink.

 

[1972 Grad]

That's what I'm talking about. I imagine I need less than you do, though. Nothing to do with you, I'm just not very lavish when it doesn't involve food and drink.

We don't spend much. We live off about $65,000 a year. If I didn't have 3 houses and 6 cars, I could probably go with about $20,000 less. I certainly don't have $3 million invested.

 

[DinkinFlicka]

We don't spend much. We live off about $65,000 a year. If I didn't have 3 houses and 6 cars, I could probably go with about $20,000 less. I certainly don't have $3 million invested.

That's the way to do it.

And you're, what, about 90? 100?

 

[1972 Grad]

That's the way to do it.

And you're, what, about 90? 100?

69, but my wife is 53. If she was as old as me, I would spend more now. I feel like I need to have an income stream for her for maybe another 35-40 years, just in case she lives that long. I will be history in 20-25 tops.

 

[RavinDave]

I know. It's a gift.

You still avoid a serious discussion on how or what she'll do. Because each day that passes, the "freshman" class gets even more bold with their rhetoric. From AOC promising unicorns and pots of gold to Omar getting even more bold in her anti-Semitic statements to Presidential candidates promising everything under the sun.

Moves, by the way, that are guaranteed to help them lose bigly in 2020.

Pelosi either gets it back under control as a legitimate leader of the DNC or becomes irrelevant in her own party.

Seems to me she is already toast.

 

[Orange_Vol1321]

 

[Grand Vol]

Indeed the little ****ers do. This is why I juke 'em.

When are you and Elvira gonna get hitched?

 

[Grand Vol]

Seems to me she is already toast.

She very well could be giving them all the rope they want.

I despise Pelosi, but you cannot every say she's not a canny political operator.

 

[Grand Vol]

Rahm Emanuel says Democrats' hard left turn could reelect Trump

"Earth to Democrats: Republicans are telling you something when they gleefully schedule votes on proposals like the Green New Deal, Medicare for all, and a 70 percent marginal tax rate. When they're more eager to vote on the Democratic agenda than we are, we should take a step back and ask ourselves whether we're inadvertently letting the political battle play out on their turf rather than our own. If Trump's only hope for winning a second term turns on his ability to paint us as socialists, we shouldn't play to type."