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Retirement!

#63
I'm 65 now, will turn 66 later this year. Still working, but I really enjoy what I'm doing at my workplace and the impact I'm having helping others. That said, the house will be paid off in December of 2029. So I think that would be a good time to retire for me. Having no house payment would really make that retirement income seem like a lot more than it really is (both SS and state teachers retirement system).
 
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#64
Being retired.................it's so cool to many times wake up in the morning and not know what day it is, Monday? Wednesday? Friday? Also, Friday is no longer a special day because everyday is special.

One of my most favorite things about being retired is not fighting traffic anymore, to and from the job. And, my blood pressure has gone done! Go to bed and wake up everyday with a free mind. Many other wonderful things with retirement!

CONGRATULATIONS!!!!!!!!!!! ENJOY!!!!!!!!!!!!!!!!!
1742993858167.png
 
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#66
Sliding headlong into 67. Per SSA, I am retired but still working in a small clinic. No significant roadwork and within 10” of my house. May leave when the weather gets warmer but just racking-up the bucks in the meantime. They say you need 7 times your annual salary in savings / investments to dovetail your SS pension…just a tidbit of advice for the younger folks. It’s sobering.

Riis
 
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#67
Pep said:
As of Friday I am officially retired from my day job. At age 76 I feel it's time to stop working every day and play more music.:hyper:
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Congrats. I retired for good about 4 years ago after 3 failed attempts. I'm playing a lot less now, but the quality has greatly improved. Gigs and recording sessions are more cherished. I play at a Band Jam (on Facebook Soundhaus St.Louis and YouTube) 4-5 times a years. This is the best run band jam I've ever run across.
 
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#71
bassdude51 said:
Being retired.................it's so cool to many times wake up in the morning and not know what day it is, Monday? Wednesday? Friday? Also, Friday is no longer a special day because everyday is special.

One of my most favorite things about being retired is not fighting traffic anymore, to and from the job. And, my blood pressure has gone done! Go to bed and wake up everyday with a free mind. Many other wonderful things with retirement!

CONGRATULATIONS!!!!!!!!!!! ENJOY!!!!!!!!!!!!!!!!!
View attachment 7185929
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My mother likes the "day clock" I got for her.
 
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#72
Zooberwerx said:
Sliding headlong into 67. Per SSA, I am retired but still working in a small clinic. No significant roadwork and within 10" of my house. May leave when the weather gets warmer but just racking-up the bucks in the meantime. They say you need 7 times your annual salary in savings / investments to dovetail your SS pension…just a tidbit of advice for the younger folks. It's sobering.

Riis
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Hm. Most advice I hear is closer to 25x your annual salary. So if you make $100K/yr you need $2.5M in retirement assets. This way you can safely withdrawal 4% each year and, theoretically, never run out of money while also being able to make annual, inflationary, cost-of-living adjustments to what you’re drawing down.
 
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#73
jmattbassplaya said:
Hm. Most advice I hear is closer to 25x your annual salary. So if you make $100K/yr you need $2.5M in retirement assets. This way you can safely withdrawal 4% each year and, theoretically, never run out of money while also being able to make annual, inflationary, cost-of-living adjustments to what you're drawing down.
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I’ve seen #’s all over the map…that was just the latest but can’t recall the source. Lesson: save more or die younger.

Riis
 
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#74
My FP describes the water bucket, with level at your current wealth, draining (distributions) and levels rising/falling (gains/losses on your investments). I've been draining, but the level's been rising, and I'm ~10X old salary, single. no kids/dependents (just me). Never wanted to be rich, just comfortable. Got my first SS check Nov '24, so that helps slow the drain.

PM for more/my FP, if you wish?...

Cheers!
 
#76
WRM said:
25% of mine is in physical vaulted SDPMIRA @ 100Ag:1Au, w/some Pt,...

Hi Yo Silver, away!...
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Goldstar Trust, my custodian, has changed the way they value Assets EOY (simple "spot" price instead of market price), so all Ag was @ $28.87/Toz, and Au @ $2626.52/Toz on 12/31/2024, which is fine with me (partial list of holdings stored in vault in DE)....

(Edit) third column is "purchase price".
DSCN2663.JPG

 
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#77
WRM said:
Goldstar Trust, my custodian, has changed the way they value Assets EOY (simple "spot" price instead of market price), so all Ag was @ $28.87/Toz, and Au @ $2626.52/Toz on 12/31/2024, which is fine with me (partial list of holdings stored in vault in DE)....

(Edit) third column is "purchase price".
View attachment 7187621

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Ha! That "SML1SC" (Privy mark) at the bottom of that list is the headline photo in this article (posted today).
kingworldnews.com

2025 Will Be Silver's Year As Gold Continues Surge Above $3,100 - King World News

2025 will be silver's year as gold continues surge above $3,100.
kingworldnews.com kingworldnews.com
 

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