Retirement

MayDay10 · February 18

Yeah, it should be high school.... and probably plant the seeds in middle school. It should be a no-brainer.

Poncier · February 18

nicknyr15 said:

Get_Right said:

Personal Finance is now offered at most colleges but 100% agree it needs more emphasis.

Shouldn’t be offered in college. It should be part of a mandatory curriculum in high school. Just my opinion.

Absolutely.

HughFreakingDillon · February 18

Banks and credit card companies do not want financial literacy.

nicknyr15 · February 18

HughFreakingDillon said:

Banks and credit card companies do not want financial literacy.

Bingo. Neither do the big time traders. It’s easy to prey on someone’s fear in the stock market.

Gern Blansten · February 18

I just asked my kids if they took anything and high school and they didn't. It does seem odd to not have something about basic finance, taxes, home ownership, etc.

Luckily none of my kids have had issues with credit cards. I worked on them pretty hard to never keep a balance on it.

nicknyr15 · February 18

Gern Blansten said:

I just asked my kids if they took anything and high school and they didn't. It does seem odd to not have something about basic finance, taxes, home ownership, etc.

Luckily none of my kids have had issues with credit cards. I worked on them pretty hard to never keep a balance on it.

Your kids are lucky to have your guidance. Most do not, unfortunately.

HughFreakingDillon · February 18

credit card debt, or financial issues in general, often don’t come down to financial illiteracy. It can also be mental illness, addiction, etc.

but obviously the public should be armed with all the tools necessary to mitigate those other circumstances.

pjhawks · February 18

the biggest thing for me with retirement is what to do with my time once I retire. Don't have kids and travel to sightsee is not really my thing. Can't imagine sitting around all day. Pearl Jam will be close to done by the time I'm ready to retire. So need to decide how to spend my time once I decide to retire. I'm probably still 7-10 years away from retirement so don't have to decide right now what I want to do. I just pray i get the opportunity to enjoy it once I do retire. My dad was set to retire and got cancer and died 1 year before he was going to retire. To this day it kills me that he got so close and didn't get to enjoy his later years.

SPEEDY MCCREADY · February 18

pjhawks said:

the biggest thing for me with retirement is what to do with my time once I retire. Don't have kids and travel to sightsee is not really my thing. Can't imagine sitting around all day. Pearl Jam will be close to done by the time I'm ready to retire. So need to decide how to spend my time once I decide to retire. I'm probably still 7-10 years away from retirement so don't have to decide right now what I want to do. I just pray i get the opportunity to enjoy it once I do retire. My dad was set to retire and got cancer and died 1 year before he was going to retire. To this day it kills me that he got so close and didn't get to enjoy his later years.

How to occupy our time has been the easiest part of this retirement decision for my wife and I. We both love the Orlando area and have been vacationing there twice a year for 15 years. We will move there, and mainly enjoy the warm weather. We will be basically the same distance from the Gulf coast and the Atlantic coast. So I see many drives to the Ocean in our future. My wife has always loved to travel and has been all over Europe. I'm guessing trips to Italy, Germany, etc. will become a yearly adventure, or every 2 years.

A daily routine of relaxing at the pool, and venturing over to Epcot for some dinner, sounds fantastic to us. People can laugh and think we are foolish, but we love Disney.

The sun
Trips to the Ocean
Disney fun
One trip a year......to who knows where.

I am ready for retirement.

bootlegger10 · February 18

pjhawks said:

the biggest thing for me with retirement is what to do with my time once I retire. Don't have kids and travel to sightsee is not really my thing. Can't imagine sitting around all day. Pearl Jam will be close to done by the time I'm ready to retire. So need to decide how to spend my time once I decide to retire. I'm probably still 7-10 years away from retirement so don't have to decide right now what I want to do. I just pray i get the opportunity to enjoy it once I do retire. My dad was set to retire and got cancer and died 1 year before he was going to retire. To this day it kills me that he got so close and didn't get to enjoy his later years.

Sorry about your dad. My dad’s quality of life stopped at 50. There is no guarantee that retirement will be filled with fun times and nice dinners. I hope to be retired by 52. Have no kids and not married, but I do love golf and travel. I want to retire while the body still works and travel/golf isn’t too tiring.

i think i will need to volunteer or work part time, because I am concerned by brain will turn to mush. It seems like the body really deteriorates when you don’t have a sense of purpose and keeping the brain stimulated.

Gern Blansten · February 18

I'm looking forward to it. Hoping maybe six years or so.

House will be paid off in 10 years....it's a 3% rate so no real reason to pay it early. I actually backed off and quit paying extra principal when rates went back up.

Poncier · February 18

pjhawks said:

the biggest thing for me with retirement is what to do with my time once I retire. Don't have kids and travel to sightsee is not really my thing. Can't imagine sitting around all day. Pearl Jam will be close to done by the time I'm ready to retire. So need to decide how to spend my time once I decide to retire. I'm probably still 7-10 years away from retirement so don't have to decide right now what I want to do. I just pray i get the opportunity to enjoy it once I do retire. My dad was set to retire and got cancer and died 1 year before he was going to retire. To this day it kills me that he got so close and didn't get to enjoy his later years.

Sorry about your Dad. Very similar situation for me. My dad was diagnosed with lung cancer right after he retired. Got less than 2 years of retirement, only the first half of which he was healthy enough to really enjoy.
Fuck Cancer right in its fucking face.

Get_Right · February 18

nicknyr15 said:

Get_Right said:

Personal Finance is now offered at most colleges but 100% agree it needs more emphasis.

Shouldn’t be offered in college. It should be part of a mandatory curriculum in high school. Just my opinion.

I support this 100%. If you are old enough to work, than you should be taught how to handle your finances. More useful than Algebra. My kids 19 and 16 have no clue about credit, interest or savings. They just say "dad, I need a new phone." Or a new Macbook. Starting to have those hard conversations with my 16 year old who thinks she might be attending a university that costs 100k per year.

cincybearcat · February 19

SPEEDY MCCREADY said:

pjhawks said:

the biggest thing for me with retirement is what to do with my time once I retire. Don't have kids and travel to sightsee is not really my thing. Can't imagine sitting around all day. Pearl Jam will be close to done by the time I'm ready to retire. So need to decide how to spend my time once I decide to retire. I'm probably still 7-10 years away from retirement so don't have to decide right now what I want to do. I just pray i get the opportunity to enjoy it once I do retire. My dad was set to retire and got cancer and died 1 year before he was going to retire. To this day it kills me that he got so close and didn't get to enjoy his later years.

How to occupy our time has been the easiest part of this retirement decision for my wife and I. We both love the Orlando area and have been vacationing there twice a year for 15 years. We will move there, and mainly enjoy the warm weather. We will be basically the same distance from the Gulf coast and the Atlantic coast. So I see many drives to the Ocean in our future. My wife has always loved to travel and has been all over Europe. I'm guessing trips to Italy, Germany, etc. will become a yearly adventure, or every 2 years.

A daily routine of relaxing at the pool, and venturing over to Epcot for some dinner, sounds fantastic to us. People can laugh and think we are foolish, but we love Disney.

The sun
Trips to the Ocean
Disney fun
One trip a year......to who knows where.

I am ready for retirement.

Disney is an awesome vacation. Will likely be a family vacation with my daughter every couple years for a very long time even after she goes away to college

HughFreakingDillon · February 19

I think I had more, or at least as much, fun at Disney as my kids. 😂

Gern Blansten · February 19

I don't know how...it's torture to me

Heat, lines, outrageous cost, sweat, stupid people

HughFreakingDillon · February 19

Gern Blansten said:

I don't know how...it's torture to me

Heat, lines, outrageous cost, sweat, stupid people

My sister and sister in law dud a ton of research. Ordered fast passes for the rides we knew they’d work the best. Only line I recall being insanely long was Avatar. 2.5 hours. I was a whiny bitch the entire time. 😂 as soon as ee got off, I immediately wanted to go back in line.

Plus, we rented a house about 20 minutes away from the park, and took a day in between disney visits to recover. 3 days at the park, 10 days in the house. All 12 of my family, pool, hot tub, Christmas and New Years with no snow, etc. One of our best vacations ever.

SPEEDY MCCREADY · February 19

You either love Disney
Or you hate Disney

Haha

Get_Right · February 19

Speedy is right. I like the JW Marriott/Ritz in Orlando, but I do not ever want to leave the property. We have never taken the kids to Disney World. We have done it in Japan. Not for me.

SPEEDY MCCREADY · February 19

Get_Right said:

Speedy is right. I like the JW Marriott/Ritz in Orlando, but I do not ever want to leave the property. We have never taken the kids to Disney World. We have done it in Japan. Not for me.

I don't go when I know the kids are off school and the parks are packed. I don't go during Spring Break, Thanksgiving, and Christmas, when the parks are packed. I don't go when it's 110 degrees out and I'm gonna give myself my 3rd heart surgery. Haha

I cant do any of the real "thrill" rides anymore, again because of my heart. So basically we walk around, get our 10,000 steps in, watch all the families loving the moment, she gets her ice cream or whatever sweets she has discovered, and we enjoy the day. We hop on a little boat and go over to the Boardwalk and get a lovely dinner. A short walk to Hollywood Studios for a fireworks show, another boat ride, back to my car, and back home.

I can EASILY do that 1 or 2 times a week.
A yearly pass at $1200, with parking included, is A BARGAIN. For us anyway.

Retirement

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