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Posts: 155

Good morning -- (pic)

Posted by ty97 Sep 30 '24, 07:17

(No message)

MarshallDeglutitiousDolichos.png

Responses:

Ignoring the numbers (and how I wish I had those numbers), I *hate* spending my savings. I hate spending my saved miles and points! I like to SAVE. - ty97 Sep 30, 07:38 9
- When you've saved "for the future" all your life it's very difficult to spend. I really have to force myself. - Meg Sep 30, 07:50 2
  - This all makes a ton of sense -- nm - ty97 Sep 30, 07:54 1
    - Highlight of my week is browsing the Tuesday grocery flyers for the deals of the week. Shop on Friday (quadruple fuel point day) - Meg Sep 30, 08:16
- Conversely, I moved some stock from my TFSA to my RRSP this year - Reagen Sep 30, 07:48 2
  - Am I reading this correctly, in vaguely US terms (not equivalent I'm sure) that you moved from Roth to Traditional? -- nm - ty97 Sep 30, 07:54 1
    - roughly, as I understand it? -- nm - Reagen Sep 30, 07:58
- you can't take it with you, ty -- nm - decline Sep 30, 07:42 2
  - Aren't you in the retirement planning field?! You are supposed to encourage saving!!!! -- nm - ty97 Sep 30, 07:47
  - Well you can, but none of the attractions on the other side accept Earth Bucks. -- nm - Barony Bunch Sep 30, 07:44
The fundamental question this person is really asking is "Will I be happy?" and the answer is No, ever. -- nm* - Max Sep 30, 07:30 3
- FWIW my dad finally retired (too late) when my mom opened the books up to him and explained just how much they had saved - Reagen Sep 30, 07:34
- I think they are worried about running out of money, which I can see that fear. What are they going to do, start working again at 80 if funds are low? -- nm - ty97 Sep 30, 07:33 1
  - If someone with no debt, owned property, $70k in expenses, the wherewithal to save $2.5m, another $1m coming, can't make that last 40 more years - Max Sep 30, 07:46
Here's the full article BTW, I hadn't read it yet when I snapped the headline. He's 57 and wants to retire at 60. -- (link) - ty97 Sep 30, 07:23 26
- “Reasonable lifestyle” is the big question there. - znufrii Sep 30, 07:28 25
  - They estimate their annual expenses (including the health insurance cost) to be 70K - ty97 Sep 30, 07:29 24
    - That would be low for us. And we have no debt. We have an advisor who pointed out people generally spend more in retirement. -- nm - zunk takes things literally Sep 30, 08:06
    - It all does sound pretty reasonable, reading the article. Dude just needs a spreadsheet (or six) to get it all organized. - znufrii Sep 30, 07:34 22
      - I can't imagine retiring at 60. Can you imagine being able to retire at 60?! -- nm - ty97 Sep 30, 07:36 21
        
        Everyone's different here, but I wouldn't want to retire then. I hope I can work into my early 70s. -- nm - David Sep 30, 08:12 4
        
        I've had this discussion with friends. If you enjoy what you're doing, keep doing it (even if you don't have to). - zunk takes things literally Sep 30, 08:23
        
        I'm starting to realize more and more that I certainly will have to do something. Can't just sit around. -- nm - Volnelk Sep 30, 08:17 2
        
        You don't need to. Plenty of organizations out there just desperate for volunteers. -- nm - Meg Sep 30, 08:21
        
        I hope I never learn what it's like to be afflicted by the need to always be busy :) -- nm - con_carne Sep 30, 08:19
        
        I'm retiring at 55. -- nm - Volnelk Sep 30, 07:51 6
        
        Nice! -- nm - Krusty Sep 30, 08:03
        
        Curious, do you get a pension? -- nm - ty97 Sep 30, 07:56 3
        
        Yep. I forget the math but I'm at 28 service years. I've been paying into it my whole career. When you go out determines your % payout. -- (edited) - Volnelk Sep 30, 08:12 2
        
        A) very cool that you are in a job that still has a pension B) that timing makes complete sense - ty97 Sep 30, 08:19 1
        
        Yep. "Retire/Rehire" is an option. They hire me back at a fraction of my salary as a "new" employee. But my salary is along with my pension. - Volnelk Sep 30, 08:23
        
        I switched too late to do that. I'm at least to 62. -- nm - Reagen Sep 30, 07:52
        
        I don’t have to imagine, I’ve got spreadsheets. -- nm - znufrii Sep 30, 07:42 4
        
        I have spreadsheets upon spreadsheets but they can't predict the future! -- nm - ty97 Sep 30, 07:46 2
        
        No, but you can model out a scenario based on reasonable assumptions -- (edited) - znufrii Sep 30, 08:00 1
        
        Yeah I guess - ty97 Sep 30, 08:03
        
        I don't believe the spreadsheets even though they were right about college -- nm - oblique Sep 30, 07:45
        
        I want to retire *NOW*. -- nm - JaxSean Sep 30, 07:36 3
        
        oh sure, but can you imagine being in the financial position to retire at 60 -- nm - ty97 Sep 30, 07:38 2
        
        It's a goal of mine. Not sure I can make it, but it's fun to dream. -- nm - Barony Bunch Sep 30, 07:39 1
        
        Dreaming is good! -- nm - ty97 Sep 30, 07:40
Same man, same. -- nm - JaxSean Sep 30, 07:19
Yes. Next question? -- nm - znufrii Sep 30, 07:18
yes, cause I have like 10% of that. -- nm - tRuMaN Sep 30, 07:18
😡 -- nm - Krusty Sep 30, 07:18

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