Perils of retirement

[mapper]

I would not trade my life or wife for anything. I enjoy being retired and wouldn't live very long single.(I would sit in my chair eating beef jerky and drinking Dr Pepper until dead). A good woman helps save you from yourself.

My faults are many. Hers, very few. I may leave toast crumbs in the butter but it's okay in the grand scheme of things. She uses a knife and spoon to make a PB&J sandwich, how silly is that? I simply use a knife to spread the peanut butter, wipe it on the bread then dig out the jelly with same knife. Sounds perfectly sane to me.

My wife and I both leave crumbs in the butter, peanut butter and mayonnaise occasionally. Doesn't seem to do any harm but it really grossed out her mom, it was good for a laugh now and then.
I still don't do laundry right, I see nothing wrong with pouring the detergent directly into the little dispenser drawer, which has lines for how much, directly from the jug. She insists that you have to measure into the little cup that comes with the detergent, then dump that into the dispenser, then throw the cup into the washer to clean the residue out of it. Of course you then have to find the cup before the wet stuff goes into the dryer.....:confused3:

 

[ovrszd]

I have 20 years left until retirement. Planning on going to I'm 63. We save 20% of our income. Maybe we will get lucky and can stop earlier than 62, but that is the plan. Interesting analysis the other day says I am still going to be building wealth in retirement. Is that BS or are any of you who do not have a pension or state retirement.....living off of social security and savings and/or rental houses etc., still continuing to build wealth in retirement?

I have $120K invested as part of my retirement. I draw $800 per month from it. It grows a little every year.

If you consider worst case scenario, as in, your retirement money doesn't earn any dividends, it would take 5 years of that 20% investment to get 1 year of retirement. So 20 years of that will get you 5 years of retirement at the same level of income that you enjoy now. Investing in your retirement is critically important. But most important is reducing your financial need at retirement age by being debt free.

 

[Old Red]

I have $120K invested as part of my retirement. I draw $800 per month from it. It grows a little every year.

If you consider worst case scenario, as in, your retirement money doesn't earn any dividends, it would take 5 years of that 20% investment to get 1 year of retirement. So 20 years of that will get you 5 years of retirement at the same level of income that you enjoy now. Investing in your retirement is critically important. But most important is reducing your financial need at retirement age by being debt free.

My dad is a retired educator. Was a principal for as long as I could remember. My mother was a school teacher. She passed away in 2013. Anyway, my dad gets his check and hers from the teachers retirement program. I think he brings in around $7,500 per month cash money. Plus they pay for most of his health plan. I cannot imagine how much he would have to have in a 401k to draw that kind of salary. And of course he doesn't spend a dime or owe anyone anything. We have this retirement thing all backwards. Need to retire young and work old LOL.

 

[Doofy]

I have $120K invested as part of my retirement. I draw $800 per month from it. It grows a little every year.

If you consider worst case scenario, as in, your retirement money doesn't earn any dividends, it would take 5 years of that 20% investment to get 1 year of retirement. So 20 years of that will get you 5 years of retirement at the same level of income that you enjoy now. Investing in your retirement is critically important. But most important is reducing your financial need at retirement age by being debt free.

I agree with being debt free. You still need an Emergency Fund that is readily available if needed. I am shocked by the people that tap in to their retirement fund or 401k's to buy a new car or take a trip. They take it out to bail out their children from who knows what...and the stupidity continues. How can they even retire? Social Security is pretty meager.

 

[PILOON]

I would not trade my life or wife for anything. I enjoy being retired and wouldn't live very long single.(I would sit in my chair eating beef jerky and drinking Dr Pepper until dead). A good woman helps save you from yourself.

My faults are many. Hers, very few. I may leave toast crumbs in the butter but it's okay in the grand scheme of things. She uses a knife and spoon to make a PB&J sandwich, how silly is that? I simply use a knife to spread the peanut butter, wipe it on the bread then dig out the jelly with same knife. Sounds perfectly sane to me.

W hy not? It all goes to the same place!

 

[Doofy]

W hy not? It all goes to the same place!

Exactly!

 

[goeduck]

And why waste a good peanut butter sandwich with Jelly when you can use Honey???

And let the honey soak into the bread !!! YUM !!!

When I grew up it was PB&Honey, not so sure when jelly came into the picture for me. It would have been jam anyway, why waste the seeds? Mom only made jam and it was for toast at breakfast.

 

[goeduck]

My dad is a retired educator. Was a principal for as long as I could remember. My mother was a school teacher. She passed away in 2013. Anyway, my dad gets his check and hers from the teachers retirement program. I think he brings in around $7,500 per month cash money. Plus they pay for most of his health plan.

I never knew teaching paid so well. Is that normal for these days or is that an older plan that actually took care of people?

 

[k0ua]

The wife knows better than to mix any utensil from the peanut butter jar. Unless she wants to see me flopping around down on the floor gasping for air. Anaphylaxis is no laughing matter for those of us that the peanut is a deadly poison.

 

[aczlan]

ACZLAN - that ain't "cow smell". As my rancher neighbor says - "that's the smell of money".

The problem is that it was the smell of someone else's money.
They didn't pay too well and she was tired of getting kicked by cows.

Aaron Z