E90Post
 


 
BMW 3-Series (E90 E92) Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board > Retirement. Who's thinking/planning for it?



Reply
 
Thread Tools Search this Thread
      09-11-2014, 05:13 PM   #23
PINeely
Lieutenant Colonel
PINeely's Avatar
United_States
1086
Rep
1,912
Posts

Drives: 2013 535i, 2015 Tundra 1794
Join Date: Jul 2009
Location: Jackson, MS

iTrader: (2)

Who needs it, it's fun to do financially irresponsible things. I'll finish this thought in a minute, gotta go get my lotto tickets before the store closes.
Appreciate 0
      09-11-2014, 05:20 PM   #24
P1
Lieutenant General
P1's Avatar
11542
Rep
11,128
Posts

Drives: 2004 3/4 ton Duramax
Join Date: Aug 2007
Location: United States

iTrader: (1)

Quote:
Originally Posted by ASAP View Post
Thats exactly what I mean... lack of hobbies... u said play golf all day, to me that would be boring as well.

When you have money... 100s of avenues for fun and enjoyment open... especially when u have someone else to share it with.
How many hobbies do you need to keep yourself occupied for 30 years mate? I don't play golf, that was just an example. Like I said, couldn't do it. I wouldn't feel challenged by any means.
Appreciate 0
      09-11-2014, 07:12 PM   #25
Lups
...
Lups's Avatar
11820
Rep
15,400
Posts

Drives: I don't own a car.
Join Date: Mar 2014
Location: Lost as usual

iTrader: (0)

I got puked on today, and I was told off by a seven year old who wanted it to be clear I did not do good, my four year old can apparently read, and I never knew, and personal best: "Mother, you do know this is the second time this week we are eating junk food? Do try to be more aware of nutritional values".

I'd say that today I'm SO BLOODY READY TO RETIRE, OR TO GET A REAL JOB.

__________________
Quote:
Originally Posted by Joekerr View Post
You're still a little new here, so I'll let you in on a little secret. Whenever Lups types gibberish, this is an opportunity for you to imagine it to be whatever you'd like it to be.
Quote:
Originally Posted by Delta0311 View Post
How would you know this? Did mommy catch you jerking off to some Big Foot porn ?
Appreciate 0
      09-11-2014, 07:21 PM   #26
PINeely
Lieutenant Colonel
PINeely's Avatar
United_States
1086
Rep
1,912
Posts

Drives: 2013 535i, 2015 Tundra 1794
Join Date: Jul 2009
Location: Jackson, MS

iTrader: (2)

Quote:
Originally Posted by Lups View Post
I got puked on today, and I was told off by a seven year old who wanted it to be clear I did not do good, my four year old can apparently read, and I never knew, and personal best: "Mother, you do know this is the second time this week we are eating junk food? Do try to be more aware of nutritional values".

I'd say that today I'm SO BLOODY READY TO RETIRE, OR TO GET A REAL JOB.

Whose seven-year-old told you off and why? I feel like there's a good story here
Appreciate 0
      09-11-2014, 07:27 PM   #27
Lups
...
Lups's Avatar
11820
Rep
15,400
Posts

Drives: I don't own a car.
Join Date: Mar 2014
Location: Lost as usual

iTrader: (0)

Quote:
Originally Posted by PINeely View Post
Whose seven-year-old told you off and why? I feel like there's a good story here
I'm a bad person because we sometimes do go for junk food. New books have not surfaced to the house or to their bookstore ( kids only read Finnish enough to go through books, and unfortunately they have read probably all suitable material they have to offer), and worst of all: Our pain medication was expired.

"Now, Mother, you are supposed to keep track of these things. I know we are never sick, but what if this was a bad situation? You would be screwed now"

I think that last one kind of saved her ass. I had to turn away laughing because a little demon version of me laid down the law, and then says that...

__________________
Quote:
Originally Posted by Joekerr View Post
You're still a little new here, so I'll let you in on a little secret. Whenever Lups types gibberish, this is an opportunity for you to imagine it to be whatever you'd like it to be.
Quote:
Originally Posted by Delta0311 View Post
How would you know this? Did mommy catch you jerking off to some Big Foot porn ?
Appreciate 0
      09-11-2014, 07:44 PM   #28
MiddleAgedAl
Lieutenant
110
Rep
418
Posts

Drives: M3
Join Date: Jul 2010
Location: sitting down, facing the keyboard

iTrader: (0)

Quote:
Originally Posted by PINeely View Post
I'll finish this thought in a minute, gotta go get my lotto tickets before the store closes.
Been trying that myself for a while now. They keep screwing up the draws. (just to be clear: the problem sure as hell aint on my end; I'm buying tickets with the right numbers, but they keep drawing the wrong numbers at the other end. Dumbasses! )
__________________
If you want something you've never had before, then you better be prepared to do something you've never done before.
Appreciate 0
      09-11-2014, 08:42 PM   #29
jdlivxx
Private
3
Rep
56
Posts

Drives: 2012 135i
Join Date: Jul 2014
Location: los angeles, ca

iTrader: (1)

$9million after taxes.

I've thought about this long and hard. Here's the breakdown.
$1mil for me
$1mil for my wife
$1mil on a house
$1mil to share
$100k for the next 50yrs not including interest on $4mil in the bank.
I can live quite comfortably in that and still do what I want, when I want.
Appreciate 0
      09-11-2014, 09:22 PM   #30
Mr Tonka
is probably out riding.
Mr Tonka's Avatar
United_States
6058
Rep
2,294
Posts

Drives: Something Italian
Join Date: Feb 2009
Location: Sweatypeninsula

iTrader: (0)

Quote:
Originally Posted by ASAP View Post
I know I am going to sound like an outlier but...

I simply do not think thinking about retirement is nearly as important as people make it out to be. Assume you are 25... that is a minimum of 40 years away... you don't even know if you will be alive by then. If you plan on retiring real early, then you better make way more than you do know or live so frugally, it's near pointless. Assume, you have a lot of money by the time that you are 65... so what? Your health likely will not allow you take advantage of it... People in other countries outside of the USA do not put nearly the emphasis on this as people in the USA do, I don't know whether this has to do with the profitability of selling retirement plans or what...

In any case, give me $100k a year for the next 35 years and I am good. You can do the math lol.
$100k a year for the next 35 years = poverty. Sounds fun.

I'm married to a CPA, i don't have to think about retirement. She thinks about it enough for the both of us. We save/invest more than the national average, but still have the time and means to travel at least 4 weeks a year. i would say that's a pretty decent balance.
__________________
"There is no greater tyranny than that which is perpetrated under the shield of the law and in the name of justice. -Charles de Secondat"
http://www.m3post.com/forums/signaturepics/sigpic59612_1.gif
Appreciate 0
      09-11-2014, 11:14 PM   #31
Nkc
NOOB
Nkc's Avatar
Canada
1601
Rep
1,356
Posts

Drives: Cars
Join Date: Oct 2011
Location: @BMWclassicdivision

iTrader: (0)

Quote:
Originally Posted by P1et View Post
People who want to retire early are people who either hate their job or have a very restrictive job that gives them very little freedom or satisfaction during working hours. I haven't had a job like that in a very long time and wouldn't even think about retiring at this point.
Disagree. I neither hate my job or have a very restrictive job that gives me little freedom or satisfaction during work hours. Retiring early is about financial freedom. You can still choose to work if you want but you'd never be doing it for the money. You can volunteer to help people in need and gain satisfaction there. The point is not to be restricted to someone else's time frame.
__________________
@BMWclassicdivision
Appreciate 0
      09-12-2014, 02:54 AM   #32
grimlock
Colonel
716
Rep
2,003
Posts

Drives: F10 N52B30@255PS
Join Date: Sep 2010
Location: Hong Kong

iTrader: (0)

My dad's 62 and I think he's supposed to be retiring at 65 but ofcourse I am praying they will keep him longer.. he's the type that should probably work until he drops dead because he would make life hell for his family if he had nothing to do.
His friends in government jobs are forced to retire at 55 or 60 and good thing they have grandkids to take care of.. i really don't know what you do with all that time.

A stable career with a nice pension is a thing of the past, though. This generation, unless they make alot for themselves, might NEED to keep working if they haven't been living below their means for a long time.
Appreciate 0
      09-12-2014, 06:19 AM   #33
gatorfast
Major General
gatorfast's Avatar
United_States
4969
Rep
6,854
Posts

Drives: 718 Cayman
Join Date: Jan 2008
Location: SoFla

iTrader: (4)

Have a 401k through my job and a personal roth IRA. Anyone on here saying they dont save for retirement will be kicking themselves later. Of course, these people are probably internet millionaires with so much money they dont know what to do with it.
Appreciate 0
      09-12-2014, 06:26 AM   #34
Billup
Banned
Burkina Faso
472
Rep
928
Posts

Drives: Your mum crazy.
Join Date: Jun 2013
Location: Baconopolos Island

iTrader: (0)

Quote:
Originally Posted by Nkc View Post
I hear ya bro but how long is a long way to go? How much would you require? What's the end game man? I'm all for actin a fool especially at your age and artistic prowess.
Mmmm, well I'm 24, and I just started putting money into my 401k and such, so I'm not positive. I'm trying to start a side business now that I don't have to work 60/70 hours a week, so hopefully if I can actually put it into action I'll be able to retire much earlier.

I don't really know how much I would require, because I'm sure by then, the amount of money I'll need is going to be much more than say people who are retiring now. Retirement is one thing I really haven't dug into to learn more about unfortunately.
Appreciate 0
      09-12-2014, 07:33 AM   #35
zx10guy
Brigadier General
5139
Rep
3,235
Posts

Drives: 2013 135i
Join Date: Feb 2014
Location: DC

iTrader: (0)

When discussing retirement, it should be viewed as part of any sound financial planning. No one argues the importance of an emergency fund. Retirement savings should also be viewed in the same light no matter how small. Plus the earlier you start, the less you have to put in each month which counters those that feel saving for retirement takes away from what you can enjoy today.

There was also a statement about what good is it to save for retirement if you might not be alive to enjoy it. I sincerely hope no one has to ever be faced with this situation while still being alive. You don't know the amount of stress and emotional baggage you have to endure when you are in a situation when you are faced with your own mortality. I recently was in this situation with my cancer diagnosis. I'm on the other side of that nightmare right now but I don't know if it'll come back or not. Has it stopped me from saving? No. At this point, I have to also worry about the well being of my family too even if I'm not around to enjoy the savings I worked so hard for.
Appreciate 0
      09-12-2014, 07:36 AM   #36
Billup
Banned
Burkina Faso
472
Rep
928
Posts

Drives: Your mum crazy.
Join Date: Jun 2013
Location: Baconopolos Island

iTrader: (0)

Shit, if I'm about to die, and I'm sitting on a stack of retirement funds, I'm going to get a Kilo of cocaine, a bunch of strippers, and host the best party of my life.
Appreciate 0
      09-12-2014, 07:46 AM   #37
MisterSkiMask
Banned
146
Rep
2,014
Posts

Drives: I Can not say
Join Date: Nov 2005
Location: you must not know

iTrader: (0)

I'll probably go out with my boots on.
Appreciate 0
      09-12-2014, 08:24 AM   #38
Whostheboss
Captain
Whostheboss's Avatar
410
Rep
841
Posts

Drives: a 9incher
Join Date: Aug 2008
Location: No. Virginia U.S.A.

iTrader: (0)

Quote:
Originally Posted by P1et View Post
People who want to retire early are people who either hate their job or have a very restrictive job that gives them very little freedom or satisfaction during working hours. I haven't had a job like that in a very long time and wouldn't even think about retiring at this point.
I completely understand what you're saying. People who hate their jobs usually want to retire early, there's nothing wrong with that.

I enjoy my job, the stress level here is very very low. The pay is descent. I look forward to going to work everyday.

However, i wouldn't mind retiring early. I'm currently 31yrs, i'm putting money aside in 401k plus my company has a profit sharing benefit and those checks are fat.

The reason i would want to retire early is because of the saying "If you can't build your dream, some else will hire you to build theirs". I work for a small private company owned by a Dad and his son, I literately make them millions each year. Although i don't mind helping their company but imagine how much i could make if i invested all that time on myself.
Which is what i'm doing now, i work during the day at my job to make money to pay bills, eat food, save some and put the rest towards my business that at work on at night.

I want to work on my own dreams. I pray to God everyday and i work hard at it.
__________________
WHO'S THE BOSS
Appreciate 0
      09-12-2014, 08:40 AM   #39
jc05e46m3
Brigadier General
jc05e46m3's Avatar
United_States
844
Rep
3,249
Posts

Drives: '21 F90 M5 Comp
Join Date: Mar 2011
Location: Everywhere.

iTrader: (3)

Quote:
Originally Posted by PINeely View Post
Who needs it, it's fun to do financially irresponsible things. I'll finish this thought in a minute, gotta go get my lotto tickets before the store closes.
__________________
'21 /// M5 Comp - Frozen Brilliant White/Black
'18 Porsche GT3 Carrara White/Black/Red - Sold
'18 /// M3 - Individual Imola/Black - Sold
'15 /// M4 - YMB/SO - Sold
'12 E92 ///M3 ZCP - AW/FR - Sold
Appreciate 0
      09-12-2014, 09:06 AM   #40
SAM135iAM
Lieutenant
SAM135iAM's Avatar
United_States
51
Rep
403
Posts

Drives: 11' 135i DCT
Join Date: Oct 2012
Location: Dallas Texas

iTrader: (0)

I started saving/planning for retirement at age 22. I'm 25 now and feel I don't have nearly as much saved as I thought I would. With my 401k, Roth IRA, several bonds, a CD, and a savings account I think I'll have to be working for the rest of my life. Although, I have a very expensive taste. My wants generally exceed my income, so I work hard and budget to make that income happen to obtain my want. Which is exactly how I got my 1er two years ago on November 19th.
__________________
Cobb AP, ETS FMIC, ETS CP, BMS CAI
Appreciate 0
      09-12-2014, 09:47 AM   #41
upstatedoc
I'll get back to you
upstatedoc's Avatar
7556
Rep
2,132
Posts

Drives: blue streak
Join Date: Dec 2009
Location: not downstate

iTrader: (2)

I'm going to have to work until the day I die..
__________________
2018 Stinger GT
2009 E90 N51 /Active Autowerke Stage 2 tune/BMW Performance Exhaust/
Countermeasure enthusiast.
Appreciate 0
      09-12-2014, 10:12 AM   #42
gtron
powerhouse
gtron's Avatar
United_States
703
Rep
1,628
Posts

Drives: 2014 Porsche 981 CS
Join Date: Feb 2011
Location: Orange County, CA

iTrader: (1)

Garage List
i have a hard time giving people my money to manage it for me. i'm very paranoid and feel like it might get pissed away. even with large investment firms. it's like i'm an effing crazy person at times.
__________________
no signature. except for this one.
Appreciate 0
      09-12-2014, 10:39 AM   #43
PSUSMU
Captain
95
Rep
985
Posts

Drives: 2008 Porsche 911 Carrera S
Join Date: Jun 2012
Location: Falls Church/Merrifield, VA

iTrader: (3)

I want to be Myspace Tom:
http://www.businessinsider.com/myspa...ay-off-2012-12

1. Create widely adopted product
2. Sell out for millions and travel the world
3. ???
4. Profit
__________________
RSI, LLC | Fender Rolling | Suspension | Engine | Other Stuff
Appreciate 0
      09-12-2014, 10:46 AM   #44
2011CrazE89
Moved on
2011CrazE89's Avatar
United_States
123
Rep
166
Posts

Drives: 2011 Z430i & 2015 MB C300
Join Date: Sep 2013
Location: South Florida

iTrader: (0)

I watch that show American Greed and it scares the hell out of me. Hard working people losing thousands, even millions overnight to so called "investors"
Appreciate 0
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 03:44 PM.




e90post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST