Page 3 of 7 FirstFirst 12345 ... LastLast
Results 25 to 36 of 78

Thread: What Will You Do When You Retire?

  1. #25

    Default Re: What Will You Do When You Retire?

    My anticipated retirement date is Dec 31 2016. What I "Will Not Do" in retirement is nothing!!! A few years ago, I had herinated disc surgery and by Drs. orders couldn't work or drive for about 4 weeks. Those days drove me nuts (no offense Nuut). I will do some part time ag consulting, plan to expand my "hobby" woodworking into a side line business and TRAVEL. The consulting and sideline work will primarily be for occupation of time and supplement our travel budget. The LOML and I bought a motorhome a few years ago,(the only debt we currently carry) and enjoy that lifestyle greatly but not enough to become fulltimers. We will stay in our current home as it is home and there's no place like home. We are planning an Alaska trip for summer of 2017. After that, we will probably do some workamping with the RV in some areas of the country that we want to explore.

  2.  
  3. #26

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,396

    Default Re: What Will You Do When You Retire?

    The trick to this is simple "DO WHATEVER YOU WANT"!Man_relaxes.gif



  4.  
  5. #27

    Default Re: What Will You Do When You Retire?

    I'd like to restore/modify classic cars and trucks. I have a project vehicle that I'm cutting my teeth on right now. I'm not an expert mechanic, but I really enjoy figuring out how to fix what's broken. I'd be happier than a pig in mud if I can make enough off the sale of the projects to keep me busy with cars, parts, and paint.
    God bless the United States of America!


  6.  
  7. #28

    Join Date
    Jul 2012
    Location
    Honolulu, Hawaii
    Posts
    1,823

    Default Re: What Will You Do When You Retire?

    Surf every day, preferably when I'm still young enough to rip on my shortboard

  8.  
  9. #29

    Default Re: What Will You Do When You Retire?

    Day trading for the time being. Six kids, mixed marriage, fifteen grand-kids, always a soccer game or school play to go to. Also with some kids in NY, one in NC and one in SC always somewhere to go. So far have not needed to go back to the workforce and with an early retirement the supplement limits how much I can earn until I'm 62, so far day trading has been a better alternative to Home Depot or Walmart for me since capital gains do not count against the supplement. Will reevaluate at 62. Rehabbed our 1885 farmhouse just before retiring and used the proceeds to downsized to a townhouse, wife and I like the freedom for now. Second 19th century remodel for me and probably the last, donated larger power tools to the kids and now I can supervise.

  10.  
  11. #30

    Join Date
    Jul 2008
    Location
    Washington, DC
    Posts
    192

    Default

    It would be wise for me to wait the many years in Federal Gov to retire, but I may not make it. Money isn't everything... I would love to start a brewery in a few years. I would be broke and it would be hard, but I would love it.

  12.  
  13. #31

    Default Re: What Will You Do When You Retire?

    Quote Originally Posted by BamaAF View Post
    Good question, and one that I'm wrangling with --
    I've thought about either taking a part time job -- but your original question is something that keeps me up at night -- I've actually been affiliated with the USAF since being born on Eglin AFB in 1959, never been away from it....what will I do....
    hi BamaAF, so many things to your advantage...house paid for, college home paid for, children with free ride to college, a hobby to hone...three quarters of the battle won..only thing left to ponder...the big "where o where?"
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  14.  
  15. #32

    Default Re: What Will You Do When You Retire?

    I just read today about unexpected retirement costs by M Elliott:
    1. Emergency expenses -home/car repairs
    2. Health Care
    3. Inflation
    4. Supporting family members
    5. Student Loans co-signed with children

    I just thought for us looking for that eden...the following might help..

    Chart for state retirement taxes(2013)
    http://i.mktw.net/_newsimages/pdf/st...come-table.pdf

    Articles: Looking for a retirement haven? Tax friendly state? Some are more detailed than others.
    Taxes by State
    State-by-State Guide to Taxes on Retirees-Kiplinger-this allows you to compare up to 5 states!
    12 States Without Pension or Social Security Taxes - US News
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  16.  
  17. #33

    Join Date
    Dec 2007
    Location
    inland Northwest
    Posts
    4,124

    Default Re: What Will You Do When You Retire?

    #4. Inflation. That is why I run retirement calculator with my best current guess at future inflation to run the retirement income math.

    #1. home/car repairs. expect the unexpected. I keep records of annual expenditures in such categories and budget roughly the same for the following year. If it's not needed, it goes in the normal everyday emergency fund of 3-6 months expenses. If I find that I didn't need to spend it all this year, I put it into taxable brokerage account or Roth account. Each year I build my budget that way, based on past average expenditures by category. and then I start whacking away around the edges to balance over all if income doesn't look like it would match average monthly outgo, with those infrequent but eventual costs built in already-roughly. that's how I maintain/replenish the emergency fund.
    "life can only be understood backwards, but it must be lived forwards" - soren kierkegaard

  18.  
  19. #34

    Default Re: What Will You Do When You Retire?

    Quote Originally Posted by Maricar19 View Post
    I just read today about unexpected retirement costs by M Elliott:
    1. Emergency expenses -home/car repairs
    2. Health Care
    3. Inflation
    4. Supporting family members
    5. Student Loans co-signed with children

    I just thought for us looking for that eden...the following might help..

    Chart for state retirement taxes(2013)
    http://i.mktw.net/_newsimages/pdf/st...come-table.pdf

    Articles: Looking for a retirement haven? Tax friendly state? Some are more detailed than others.
    Taxes by State
    State-by-State Guide to Taxes on Retirees-Kiplinger-this allows you to compare up to 5 states!
    12 States Without Pension or Social Security Taxes - US News
    Your first link "Taxes by State" isn't up to date. Michigan now takes tax from Federal Retirees pensions. I wouldn't trust the validity of that data, just a heads up. But, thanks for posting those anyhow.

    Frank

  20.  
  21. #35

    Default Re: What Will You Do When You Retire?

    Quote Originally Posted by Maricar19 View Post
    I just read today about unexpected retirement costs by M Elliott:
    1. Emergency expenses -home/car repairs
    2. Health Care
    3. Inflation
    4. Supporting family members
    5. Student Loans co-signed with children

    I just thought for us looking for that eden...the following might help..

    Chart for state retirement taxes(2013)
    http://i.mktw.net/_newsimages/pdf/st...come-table.pdf

    Articles: Looking for a retirement haven? Tax friendly state? Some are more detailed than others.
    Taxes by State
    State-by-State Guide to Taxes on Retirees-Kiplinger-this allows you to compare up to 5 states!
    12 States Without Pension or Social Security Taxes - US News
    Quote Originally Posted by Lakebound View Post
    Your first link "Taxes by State" isn't up to date. Michigan now takes tax from Federal Retirees pensions. I wouldn't trust the validity of that data, just a heads up. But, thanks for posting those anyhow.

    Frank
    Thanks Frank- I'll try to get an updated one.
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  22.  
  23. #36

    Default Re: What Will You Do When You Retire?

    Quote Originally Posted by Lakebound View Post
    Your first link "Taxes by State" isn't up to date. Michigan now takes tax from Federal Retirees pensions. I wouldn't trust the validity of that data, just a heads up. But, thanks for posting those anyhow.

    Frank
    Frank - I checked the 1st link "Taxes by State" for Michigan and there is a small link on the bottom:
    Michigan recently changed how it taxes retirement benefits. These changes are for returns filed for tax year 2012. Click here for details.
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1


  24.  
Page 3 of 7 FirstFirst 12345 ... LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P500 (C Fund) (delayed)
What Will You Do When You Retire?
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
What Will You Do When You Retire?
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
What Will You Do When You Retire?
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
What Will You Do When You Retire?
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes