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05-01-2012, 01:47 PM
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#11
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Man Without Fear
Join Date: Aug 2004
Posts: 8,113
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Quote:
Originally Posted by nbr3bagshotrow
Let's just say I've got an investment that when it hits, I'll be buying the master replicas Millenium Falcon & x-wing, the new ST Enterprise, and a few other grails.
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Show me how, old wise one.. although I 'm about 30+ years away from retirement.
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05-01-2012, 02:00 PM
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#12
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Modzilla
Super Moderator
Join Date: Aug 2004
Posts: 22,173
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I thought comic art and statues were my retirement plan.
Retirement is always on my mind but over the last few years its become a priority. I've seen too many people in their 50s and 60s lose everything and I don't want to be in their shoes.
I contribute to my 401k at work and my company matches me on the first 5 percent. I also contribute to a Roth account and dabble in the stock market. The other big thing I'm working on is making sure my house will be paid off well before I plan on retiring. The last thing I want to worry about is a mortgage payment during retirement.
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05-01-2012, 02:02 PM
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#13
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What's another word for Thesaurus?
Join Date: May 2006
Posts: 2,328
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Work till death or lottery for me!
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05-01-2012, 02:07 PM
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#14
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curmudgeon Mod
Super Moderator
Join Date: Aug 2004
Location: The Shire
Posts: 34,902
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Quote:
Originally Posted by MONSTER
I thought comic art and statues were my retirement plan.
Retirement is always on my mind but over the last few years its become a priority. I've seen too many people in their 50s and 60s lose everything and I don't want to be in their shoes.
I contribute to my 401k at work and my company matches me on the first 5 percent. I also contribute to a Roth account and dabble in the stock market. The other big thing I'm working on is making sure my house will be paid off well before I plan on retiring. The last thing I want to worry about is a mortgage payment during retirement.
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Look at KMP, ETP, BWP, TGP. Pay real nice dividends and are in an industry I feel has lots of growth potential.
__________________
The damn things invisible!
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05-01-2012, 05:08 PM
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#15
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The Flash
Join Date: Feb 2005
Location: Montreal, Canada
Posts: 17,117
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I've been actively thinking about retirement for about the last 3 years (I'm 43 now).
The good news is that I have no debt and my expenses are relatively light as I have no dependents, the home is fully paid for, and, aside from collecting, have no expensive habits.
The plan is a simple one;
a. Continue to work full-time until age 55,
b. Work part-time until age 65, (earn 25% of current income)
c. Start collecting military pension at age 55, (provides 50% of current income)
d. Start drawing on retirement income from savings at age 65, (can expect a return equal to 10-20 % of current income)
e. Start collecting federal pension at age 67 (earns about 25 % of current income).
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05-01-2012, 05:18 PM
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#16
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Modzilla
Super Moderator
Join Date: Aug 2004
Posts: 22,173
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Quote:
Originally Posted by nbr3bagshotrow
Look at KMP, ETP, BWP, TGP. Pay real nice dividends and are in an industry I feel has lots of growth potential.
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Will do. Thanks! 
Quote:
Originally Posted by Tetragrammaton
I've been actively thinking about retirement for about the last 3 years (I'm 43 now).
The good news is that I have no debt and my expenses are relatively light as I have no dependents, the home is fully paid for, and, aside from collecting, have no expensive habits.
The plan is a simple one;
a. Continue to work full-time until age 55,
b. Work part-time until age 65, (earn 25% of current income)
c. Start collecting military pension at age 55, (provides 50% of current income)
d. Start drawing on retirement income from savings at age 65, (can expect a return equal to 10-20 % of current income)
e. Start collecting federal pension at age 67 (earns about 25 % of current income).
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Looks like you are all set.
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05-01-2012, 10:54 PM
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#17
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Ultimates
Join Date: May 2006
Location: Philadelphia area
Posts: 9,744
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I'm banking on the investment I've recently made into this manufacturing co. I have 2 partners and we've put a substantial amount of $ into it. I'm hoping to kick ass for a few years (5) and either sellout to a larger company or to my current partners.
I also have and IRA for the Mrs and a Simple Plan for myself. She can bank $5,000 tax free a year and I can go $11,500 or $13,500 per year.
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05-01-2012, 11:16 PM
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#18
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Yeah, I spend WAY too much time here!
Join Date: Apr 2005
Location: ASGARD
Posts: 17,497
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I plan on setting fire to one of my apartment buildings and dying in the explos uh I mean the tragic fire that claimed my life and having my girlfriend collect the life insurance I have then she's got to go.
After her passing i'll join one of the cartels in Mexico i'm leaning towards Los Zetas then you can call me the mad Russian.
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05-01-2012, 11:54 PM
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#19
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U talkin' to me?
Join Date: Nov 2011
Posts: 515
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Don't get divorced. Otherwise you will have to work forever.
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05-05-2012, 10:57 AM
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#20
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Bub Mod
Join Date: Sep 2008
Location: Canada Bub!
Posts: 9,890
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I have a good government pension that I contribute to. While I could live off that and the eventual federal pension everyone gets I do still contribute to RRSP's (Canadian equivalent of 401k's) and have become more aggressive in my investing over the last couple years. 25 years of service to retire with a full pension for me but I will only be 45 when that milestone comes. Save for a lucrative job with a different employer I will likely work for 10 years past that.
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