Retirement Planning - Lessons Learned

[Oaktree]

These "shows" are happening in at least one nearby small city. I have not seen video but I am sure it exists. The "news" is only reporting on it because people are complaining but it sounds like the "shows" happen most weekend. I wonder if it is happening in other cities but it is just not be talked about.

I had to Google "sideshow" to find out what it was, never heard the word used in that context before. The Wikipedia article I read made it seem like it's a California thing, but you imply it happens elsewhere. Glad here isn't one of them.

 

[JethroB]

As far as investments, and before I found the bogglehead site I was leaving my investments to be managed by a company. They really did nothing, and took a percentage of what I was making.
Now my investments are easy, go to vanguard or fidelity Get 3 funds. Total stock market, total international, total bond.

Another method is the retirement target date/age based funds offered by Vanguard, Fidelity and others. They basically are a mix of the funds like Forgeblast mentions above. It's a hands off method that invests more conservatively as you age and requires no periodic rebalancing on your part. If you want to be more aggressive (more stocks) choose a fund farther out.

 

[MossRoad]

OK, part 2 kind of makes sense, especially nice if you live in an area with a lot of vacation homes. Never heard of a city/town giving a mortgage discount on property taxes though. The only homestead exemption we have here protects your primary residence from creditors in the case of bankruptcy (up to a certain $ limit), nothing that reduces taxes though.

Just to be clear, you can only use them on your primary residence. No 2nd home or vacation homes will qualify.

 

[bob11x]

Congrats on the retirement and the grandchild!

This Friday January 29th, 2021 I will officially retire :thumbsup:

I am looking forward to Friday and starting my retirement journey and rejoining TBN We should also be able to travel and see the sites of the great USA!

 

[ultrarunner]

My experience with Illinois is I lived in Peoria as a kid (5-10 years old).

I was a huge Cardinals fan surrounded by a whole bunch of Cub fans.

It was a great time for the Cardinals (1960痴 - 3 trips to the World Series). The Cubs were, well, they were the Cubs. Never won. Never really competed. Despite it all, I had to keep hearing 努ait till next year? Over and over and over.

So, Illinois will always be tainted in my opinion.

MoKelly

Growing up some of the family's best friends were all from Peoria... They worked for Caterpillar and had the opportunity to transfer to the Caterpillar plant in the SF Bay Area and the other two family's from Kokomo Indiana...

Having come to CA and embracing and making a career with roots including kids and grandkids not a soul left...

All those people retired to Florida and Oregon...

I have nothing scientific but as for retirement planning all happy where they landed and 35-40 years in California just a stop along the way...

 

[ultrarunner]

I had to Google "sideshow" to find out what it was, never heard the word used in that context before. The Wikipedia article I read made it seem like it's a California thing, but you imply it happens elsewhere. Glad here isn't one of them.

What starts in CA seldom stays here... sideshows are anything goes and law enforcement woefully out manned/gunned...

One thing in planning is several states... California and New York talk of an exit tax for those leaving...

CA did go after those receiving State pensions that left and it got ugly... guess it could happen again?

 

[MoKelly]

Growing up some of the family's best friends were all from Peoria... They worked for Caterpillar and had the opportunity to transfer to the Caterpillar plant in the SF Bay Area and the other two family's from Kokomo Indiana...

Having come to CA and embracing and making a career with roots including kids and grandkids not a soul left...

All those people retired to Florida and Oregon...

I have nothing scientific but as for retirement planning all happy where they landed and 35-40 years in California just a stop along the way...

Seemed like half the people in Peoria worked at CAT. My father did not - he worked at GE as a salesman for medical equipment. He then got transferred to St. Louis.

MoKelly

 

[dmccarty]

Hello TBNers, I have been away for several years, checking in occasionally to see whats going on.(See the Pallets in the Field thread is still going on:laughing Life has been real busy the last few years and no time to post. I thought once I retire I could get back involved with TBN and I check in today and see this thread!

...

I am looking forward to Friday and starting my retirement journey and rejoining TBN We should also be able to travel and see the sites of the great USA!

Welcome back and congrats on retiring. It is UNREAL that that conversation about Pallets is still going on! :shocked::laughing:

Later,
Dan

 

[dmccarty]

I had to Google "sideshow" to find out what it was, never heard the word used in that context before. The Wikipedia article I read made it seem like it's a California thing, but you imply it happens elsewhere. Glad here isn't one of them.

Yep, it is happening in at least one NC city, and thankfully, not the violence, and the numbers involved seem lower than in CA, but enough cars are showing up to race, do donuts, play load music, endanger the public, etc., that it is an issue.

Later,
Dan

 

[Jstpssng]

We got that here BIG TIME. Just move in, join the school board or town council and start yappin.

I think that's true of any rural area. Then people don't understand when they don't fit in.