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Life - Nef et al

billfred

New member
ok - say you are nearing 50. Have been a worker bee most of your life - decent skilz - not brilliant.

Just banked some good money. Do you carry on in a cyclical industry that probably has a few more good years left, or do you pack it in float in a pool and sip gin and juice????
 
ok - say you are nearing 50. Have been a worker bee most of your life - decent skilz - not brilliant.

Just banked some good money. Do you carry on in a cyclical industry that probably has a few more good years left, or do you pack it in float in a pool and sip gin and juice????

If you can afford it, I say bail. Life's short. Quit while you're still young and healthy and can enjoy yourself.

My father was a very high salary earner and got involuntarily retired as a result Jan of last year. At first he was livid, then sort of aimless. Now he loves it. Says he wished he'd retired 3 years earlier.
 
ok - say you are nearing 50. Have been a worker bee most of your life - decent skilz - not brilliant.

Just banked some good money. Do you carry on in a cyclical industry that probably has a few more good years left, or do you pack it in float in a pool and sip gin and juice????
Send me your addy, then this story will go: they found bill floating in a pool, prolly drank too much gin and not enuff joose. His wife sure looked happy with ther her new pool boy she bought with Bill's money. What was his name again, Strongbow, I thought i heard her say. THE END.
 
If you can afford it, I say bail. Life's short. Quit while you're still young and healthy and can enjoy yourself.

My father was a very high salary earner and got involuntarily retired as a result Jan of last year. At first he was livid, then sort of aimless. Now he loves it. Says he wished he'd retired 3 years earlier.

I like that idea but afraid I would be like Nef and in 3 months looking at opening a scuba shop in some town where it is freezing cold in the winter.

The other thing is how much is enough? I mean this is pretty good jack for now but what happens in 30 yrs?? Say I spend half and the other half is monopoly money and then I am trying to get by on social security. That scares the shit out of me.
 
I've got one along a similar line, what do you do when you:

1. Have no money in the bank due to late in life divorces.

2. Your house ain't worth dick, thanks to the real estate market.

3. You have nothing much in IRA, 401K or Pension thanks to the market tanking.

4. Forget social security. That will come to about 20K a year. Mortgage won't be paid off for 20+ years. After taxes and mortgage there's NOTHING left.

Suicide anyone? :FRlol:

Actually, we're thinking of just getting out from under the house and finding a less expensive place to live that we like and working low stress 9-5 jobs. Doable without debt.

Frankly, I think retirement is sort of overrated unless you've got a few million put away comfortably and own your home outright.

Here I stand as a cautionary tale, my dears. If you find yourself in a shit marriage young, don't take your time to get out :lmao:
 
I've got one along a similar line, what do you do when you:

1. Have no money in the bank due to late in life divorces.

2. Your house ain't worth dick, thanks to the real estate market.

3. You have nothing much in IRA, 401K or Pension thanks to the market tanking.

4. Forget social security. That will come to about 20K a year. Mortgage won't be paid off for 20+ years. After taxes and mortgage there's NOTHING left.

Suicide anyone? :FRlol:

Actually, we're thinking of just getting out from under the house and finding a less expensive place to live that we like and working low stress 9-5 jobs. Doable without debt.

Frankly, I think retirement is sort of overrated unless you've got a few million put away comfortably and own your home outright.

Here I stand as a cautionary tale, my dears. If you find yourself in a shit marriage young, don't take your time to get out :lmao:

Or get out before you make a lot of money because then it gets way more expensive than it is worth.
 
The other thing is how much is enough? I mean this is pretty good jack for now but what happens in 30 yrs?? Say I spend half and the other half is monopoly money and then I am trying to get by on social security. That scares the shit out of me.

Well that's always the question, isn't it? I'm assuming you've got some sort of retirement plan(s). Maybe see a professional adviser and see if the way you currently have it structured is likely to meet your retirement income needs and adjust accordingly. Dude if you can retire, you totally should. We spend our entire adult lives working. Play while you can.
 
Or get out before you make a lot of money because then it gets way more expensive than it is worth.
No, neither of us were well off to begin with, he was slightly better off, if he had kept his house he would at least own it (couldn't afford to pay ex wife for it).

Late life divorces get really inconvenient, that's what makes them so frightening.

Trailer park home = $75k

Emotional happiness = Priceless :D
 
ok - say you are nearing 50. Have been a worker bee most of your life - decent skilz - not brilliant.

Just banked some good money. Do you carry on in a cyclical industry that probably has a few more good years left, or do you pack it in float in a pool and sip gin and juice????

Here's your paradox:

1) You've got this option partially (if not mostly) because you work hard, planned for the future and made good decisions.

2) Ceasing to work hard would be more of a personal loss to you than you think, because it's part of who you are.

That's one of life's cruelest jokes: The people who are best poised to just say "screw it" and retire are usually the least likely to enjoy it.

And congratulations on even having this decision in front of you.
 
No, neither of us were well off to begin with, he was slightly better off, if he had kept his house he would at least own it (couldn't afford to pay ex wife for it).

Late life divorces get really inconvenient, that's what makes them so frightening.

Trailer park home = $75k

Emotional happiness = Priceless :D

75K for a trailor park home? Jesus...


You can buy a trailor park home around here for like 5-10 grand..lol
 
75K for a trailor park home? Jesus...


You can buy a trailor park home around here for like 5-10 grand..lol
Depends on what kind of location you get.

Hubs and I found a little place in oregon with a huge lot (more than 1/4 acre) expanded prefab, deck running the full length of the house, mature trees, $35k. Would love to know what's wrong with it, I'd buy it tomorrow but flying across the continent isn't an option right now.
 
Depends on what kind of location you get.

Hubs and I found a little place in oregon with a huge lot (more than 1/4 acre) expanded prefab, deck running the full length of the house, mature trees, $35k. Would love to know what's wrong with it, I'd buy it tomorrow but flying across the continent isn't an option right now.

homes may or may not appreciate

trailers will depreciate
 
I've got one along a similar line, what do you do when you:

1. Have no money in the bank due to late in life divorces.

2. Your house ain't worth dick, thanks to the real estate market.

3. You have nothing much in IRA, 401K or Pension thanks to the market tanking.

4. Forget social security. That will come to about 20K a year. Mortgage won't be paid off for 20+ years. After taxes and mortgage there's NOTHING left.

Suicide anyone? :FRlol:

You will have plenty company by the time Barry's plan is finished taking its toll
 
homes may or may not appreciate

trailers will depreciate
Honey, I'm 45, my husband is 56.

The next place I move to I fully expect to be removed from feet first. I could give a fuck about appreciation. If I find a place I think is beautiful and the only way I can live there is trailer park, that's my move.

Besides, my house didn't appreciate, either. Every house in my neighborhood is basically worth what it was 20 years ago.
 
Honey, I'm 45, my husband is 56.

The next place I move to I fully expect to be removed from feet first. I could give a fuck about appreciation. If I find a place I think is beautiful and the only way I can live there is trailer park, that's my move.

Besides, my house didn't appreciate, either. Every house in my neighborhood is basically worth what it was 20 years ago.

Condo?
 
Nope. Twin house, small back yard, detached garage, most of the houses are reasonably sized twins. I'm across the street from a nice park, about one mile from the elementary/middle/high schools, incredibly convenient to public transportation. And I told my ex husband, who insisted on this neighborhood, that buying here was a mistake. The area I wanted to move in is basically worth three times (and more) than it was then. He stuck me with the house in the divorce and there were extenuating circumstances that forced me to keep the house at that time. In the end, my ex managed what he couldn't during our marriage: He fucked me very good, one last time (honestly, it was about the only good fuck he ever managed, he had premature ejaculation problems).

My neighbor three houses up has a house identical to mine, but with renovations. It was on the market for over a year at $10,000 more than mine was listed for 20 years ago. They only pulled it off the market within the past two months. Several neighbors within a 1/4 mile of me have flat out abandoned their houses. My husband and I will be happy if we can get enough out of this place to pay off the mortage. It's a big ass apartment, as far as we're concerned.

The whole idea of real estate appreciation just makes me physically ill, trust me. If I liked the neighborhood I wouldn't give a damn but like I said, I never wanted to live here to begin with so home ownership has left a bad taste in my mouth.

The true irony is I've refinanced this fucking place three times (first two times dropped the interest from 12.5 to 5.75, the third was to get the ex off the mortgage). I've literally bought a house I hate, in a neighborhood I fucking can't stand, three times over :sick:
 
ok - say you are nearing 50. Have been a worker bee most of your life - decent skilz - not brilliant.

Just banked some good money. Do you carry on in a cyclical industry that probably has a few more good years left, or do you pack it in float in a pool and sip gin and juice????

Do you like your job? if not, having the money in the bank is good security to find a job you like doing so much that it doesn't feel like work.
 
it's a personal choice. if you have enough to retire comfortably and that's what you really wanna do, by all means do it.

i really can't relate to that. i enjoy the process of making money. these days i enjoy the process as much or more then
the financial reward. for me, it wouldn't make sense. if i mention retiring, my wife laughs and says you will never retire!
she's right. everybody's different, but above all, do whats gonna make you happy bro. after all, happiness is the end goal.
 
it's a personal choice. if you have enough to retire comfortably and that's what you really wanna do, by all means do it.

i really can't relate to that. i enjoy the process of making money. these days i enjoy the process as much or more then
the financial reward. for me, it wouldn't make sense. if i mention retiring, my wife laughs and says you will never retire!
she's right. everybody's different, but above all, do whats gonna make you happy bro. after all, happiness is the end goal.

I like the industry I am in. I am 3rd generation in this industry and it is really all that interest me. I have enough money to live on unless the government starts making it into monopoly money (big fear).

My problem is I don't do stress well. Though I control most of the work environment I am in, I still have a few high stress days and I handle them worse and worse as I get older.

My go forward plan is to sign up for round 2 and carry on. Hire a few more people to handle day to day operations, do a little more jogging and bicycling in the mornings to manage stress and travel a bit more.

I am booking a trip now for next years Olympics just to make sure I stick to the plan. Will see how it goes.

Thanks to everyone for the comments!!
 
I like the industry I am in. I am 3rd generation in this industry and it is really all that interest me. I have enough money to live on unless the government starts making it into monopoly money (big fear).

So your entire family has prospered from the plundering of Mother Earth!!!!

Sorry, I couldn't resist.

:)

My problem is I don't do stress well. Though I control most of the work environment I am in, I still have a few high stress days and I handle them worse and worse as I get older.

For many people, that is a function of your personality as much as it is a function of your environment. If you dropped everything and stopped working now, you'd probably be suprised at how much stress you still feel -- you'd just be stressed over more trivial, day-to-day garbage.

But the good news is, you can practice de-stressing yourself immediately, even while you are working. Then you'd be better poised to truly reduce your stress when you retire.

My go forward plan is to sign up for round 2 and carry on. Hire a few more people to handle day to day operations, do a little more jogging and bicycling in the mornings to manage stress and travel a bit more.

I am booking a trip now for next years Olympics just to make sure I stick to the plan. Will see how it goes.

Thanks to everyone for the comments!!

Good luck!
 
enlighten me



no homo advances though

Once you realize that a portion of your stress is a function of personality, controlling that part can be done on or off the job.

And as far as work goes, just remember: "There's always an Arquillian Battle Cruiser, or a Corillian Death Ray, or an intergalactic plague that is about to wipe out all life on this miserable little planet"
 
or a new strain of teh AIDS :worried:

Well if you'd make your o-ring less accessible than a turnstile at the NYC subway station, you'd prolly not have to worry about that as much.

Just sayin'
 
So your entire family has prospered from the plundering of Mother Earth!!!!

Sorry, I couldn't resist.

:)



For many people, that is a function of your personality as much as it is a function of your environment. If you dropped everything and stopped working now, you'd probably be suprised at how much stress you still feel -- you'd just be stressed over more trivial, day-to-day garbage.

But the good news is, you can practice de-stressing yourself immediately, even while you are working. Then you'd be better poised to truly reduce your stress when you retire.



Good luck!

In regards to stress, I do downtime with the best of them. I can do work without stress on most days. Conflicts (negotiations) and deadlines stress the F*&CK out of me. Take those away and I am a cool cucumber.

Sipping gin and juice by the pool = no stress at all. I dig that.
 
Here's your paradox:

1) You've got this option partially (if not mostly) because you work hard, planned for the future and made good decisions.

2) Ceasing to work hard would be more of a personal loss to you than you think, because it's part of who you are.

That's one of life's cruelest jokes: The people who are best poised to just say "screw it" and retire are usually the least likely to enjoy it.

And congratulations on even having this decision in front of you.

TITCR....retirement shortened my father's life and I already know my retirement will be the day I die assuming I'm still capable of working and haven't degenerated mentally.
 
homes may or may not appreciate

trailers will depreciate

That is a true statement but home ownership is overrated. You never actually "own" it and your landlord is the government, they charge you a bi yearly fee and control what you can and can't do with it. The appreciation requires what I call the "bigger fool" theory to be in effect. Example, someone builds a home, lives in it for twenty years and sells it to someone else for a number far exceeding the rate of inflation even though it will require substantial investment in repairs and improvements by the buyer. It was so bad in the 1990's when my ex was my wife that it was cheaper to build a new house in a comparable neighborhood as opposed to buying a house built in the early 1980's.
 
Racist!

I was scrolling through the TV options and saw the History Channel has a new reality series about you called "Swamp People."

I worked in the Atchafalaya Basin and out of Pierre Part, LA

Before GPS I would have been lost in the Basin for days
 
If you can afford it, I say bail. Life's short. Quit while you're still young and healthy and can enjoy yourself.

My father was a very high salary earner and got involuntarily retired as a result Jan of last year. At first he was livid, then sort of aimless. Now he loves it. Says he wished he'd retired 3 years earlier.

got canned for doinkin the secretary?
 
Here's your paradox:

1) You've got this option partially (if not mostly) because you work hard, planned for the future and made good decisions.

2) Ceasing to work hard would be more of a personal loss to you than you think, because it's part of who you are.

That's one of life's cruelest jokes: The people who are best poised to just say "screw it" and retire are usually the least likely to enjoy it.

And congratulations on even having this decision in front of you.

Just saw this....so true. I've had a little bit of a hard time with all the extra time I have on my hands this summer. I'm not going back to banking, ever, but I don't feel like I'm built to have this much idle time.
 
Here's your paradox:

1) You've got this option partially (if not mostly) because you work hard, planned for the future and made good decisions.

2) Ceasing to work hard would be more of a personal loss to you than you think, because it's part of who you are.

That's one of life's cruelest jokes: The people who are best poised to just say "screw it" and retire are usually the least likely to enjoy it.

And congratulations on even having this decision in front of you.

Ok - just signed up for another round. Hope to have free time from October to the end of the year and then I will go back in but maybe a little less than day to day operations. Will see.

Good input and I appreciate it.
 
I worked in the Atchafalaya Basin and out of Pierre Part, LA

Before GPS I would have been lost in the Basin for days

Two of my friends went through PLDC at Ft. Polk and they paired up the black guys with soldiers that had solid land navigation skills for the land navigation test. In the safety briefing they told them they just might get lynched if they got lost and wandered into the wrong place.
 
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