Money...retirement

#4
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I don't plan on ever retiring. Bad things happen when people slow down. I'm giving it all until I ain't got any left. One of you fookers cover me up, so the buzzards don't get me.

We will need to downsize from a double wide to a single. My golden parachute has too many holes in it. Instead of a soft landing I'm just hoping not too get hurt to bad. :biggrin:
 
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#5
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I don't plan on ever retiring. Bad things happen when people slow down. I'm giving it all until I ain't got any left. One of you fookers cover me up, so the buzzards don't get me.

We will need to downsize from a double wide to a single. My golden parachute has too many holes in it. Instead of a soft landing I'm just hoping not to get hurt to bad. :biggrin:
They might revoke your green card
 
#6
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Here's a plan from Dave Ramseys book "Total Money Makeover". You need to estimate how much you want to live on yearly in retirement. Take that number and divide by .08. This gives you the nest egg you will need. This is based on your money being in growth stock mutual funds averaging 12% per year and you living off 8% of that nest egg per year.

If I want to live on $70,000 per year I need to save $875,000 in order to never run out of money. If I only need $50,000 per year then I only need to save $625,000.

Like most carpet cleaners, I pray for a large inheritance because my chances of saving that much are slim.
 
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#8
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with those figures-- I have more then enough to retire now in Thailand or many other places in the USA except insanely over priced Kalifornia.
But I get bored after 4 days of not working.. I get all giddy when I get to repair things on the farm in Thailand.
 
#9
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I don't see myself having $200-$300k in an account when I'm in my 60's. My wife has some stock through her work that she's built up over the last 20 years, so that's better than nothing.

Actually, I'm in the beginning stages of investing in Rental property duplexes. My goal is to have them paid off by the time I'm 55, then it'll be equal to or more than what my business is bringing in every month gross
 
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