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Post by BeenThere...DoneThat... on Mar 18, 2011 1:09:57 GMT -5
<<< I day dream about being as big as Ronnie Coleman or Jay Cutler one day but I know it would never be since my wife would chop my family jewels off if she ever founds out I am doing steroids. The one thing she made me promise to stay away from... but I still day dream about it when I hit the gym >>>
...well, according to the TV, using that legal substance "Heads and Shoulders" will at least get you Palomalu's hair... that's big...
;D
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Deleted
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Post by Deleted on Mar 18, 2011 1:25:04 GMT -5
<<< I day dream about being as big as Ronnie Coleman or Jay Cutler one day but I know it would never be since my wife would chop my family jewels off if she ever founds out I am doing steroids. The one thing she made me promise to stay away from... but I still day dream about it when I hit the gym >>> ...well, according to the TV, using that legal substance "Heads and Shoulders" will at least get you Palomalu's hair... that's big... ;D LOL... small steps in the right direction
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Deleted
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Post by Deleted on Mar 18, 2011 5:08:09 GMT -5
Well according to my husband I've been "retired" for 8 years, when we relocated from the SF Bay Area to AZ and I left the Transit District. He retires officially Aug 1, 2012 and is counting the days... I know we'll be really busy the first 6 months. We'll be moving back to our old house which will have been rented to the same folks for nine years. We need to do some cosmetic stuff like replace flooring and paint the interior but we'll also need to do some other work like have the house re-roofed and replace the nearly 50 year old furnace. We want to tweak the kitchen and remodel the baths. We know we probably won't recover the money we "invest" but we want it nice for the time we live there. Then we will sell in about 5 years, take that money and invest some and repeat the same drill with the next rental house. I'm expecting some lively conversations through the process... ;D We have budgeted one international business class trip per year. Both of us are looking forward to exploring more of the US and especially the local region. DH used to do a fair amount of traveling so we didn't do much exploring because his idea of relaxing was staying at home. I'll do some volunteer work (land preservation and urban plannig is a passion), will probably take some classes (I think Spanish could be fun and I hope I can find Gaelic taught somewhere). If we don't kill each other I think it could be fun!
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Clifford
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Post by Clifford on Mar 18, 2011 10:32:33 GMT -5
Our most recent conversations have been around seasonal work. Right now, DW and I are talking about working part time for a ski resort in the winter, Disney in the spring, national park in the summer, etc. We figure we will get our travelling done that way, while being flexible to skip a season or take a stint near wherever the kids are at the time. We have moved around a lot with them, so they may also wind up very mobile. We plan to do this until they settle down, at which point we might also stay put to be around any grandkids that may arrive.
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The J
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Post by The J on Mar 18, 2011 10:33:40 GMT -5
For me it's a little too far away. I really have no clue what my life will look like then -- maybe I'll have kids and be getting ready for grandkids. Maybe my SO and I will not have kids. Maybe I'll be alone. I have no idea. Maybe I'll travel the world over the next 30 years and not really find the need to do that when I'm retired. Maybe I'll barely scratch the surface of places I want to go and travel will be my biggest thing. Maybe I'll be in perfect health, maybe I'll be in horrible pain.
The only thing I really daydream about when it comes to retirement is a significant reduction in stress.
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lynnerself
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Post by lynnerself on Mar 18, 2011 10:36:38 GMT -5
Beside our general plans, we do have a specific thing we plan to do. Within the fist 6 months or so we are planning a 3 or 4 week trip to New Zealand. We have always wanted to go there, but figured we needed more than 2 weeks to do it right. While working we can only take off 2 weeks at a time. In fact we have a list of trips that are longer than 2 weeks planned for after retirement.
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Deleted
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Post by Deleted on Mar 18, 2011 10:39:56 GMT -5
I am seriously looking at moving to warmer climates. Being somewhere that my retirement dollars stretch farther. By then my parents will be passed on so anyone I will be close to will be younger and capable of coming to me. And my week in Punta Cana convinced me it is a wonderful idea!
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TrixAre4Kids
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Post by TrixAre4Kids on Mar 18, 2011 12:57:27 GMT -5
Excellent thread Cawiau. If you don't picture your retirement, you can't develop a plan to get there. I plan to retire in the next 12-18 months, unless of course the crap hits the fan at work and it happens earlier. I will get a pension and currently have about $500k in retirement accounts, plus some rental income. I intend to down size the condo, kick out the roomie and possibly get a part time job. My perfect retirement daydream involves sun, sand, water, attractive pool boys and adult 's. I'd like to alternate my time between the mountains and the ocean, throwing in various trips around the US and Europe to watch world class horse 3-day and dressage competitions. I'd like to do the RV thing, see more of the US/Canada, maybe hike a little bit in the Appalachias as well.
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DVM gone riding
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Post by DVM gone riding on Mar 18, 2011 21:14:43 GMT -5
I am going to become the crazy cat lady!! ;D Just kidding, right now I am trying to reign in all the crazy cat ladies that I know of so I guess I can't go off my rocker and become one of them. But seriously caiwu relax, enjoy life, go get your wife pregnant, it will all come about with time.
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DVM gone riding
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Post by DVM gone riding on Mar 18, 2011 21:18:21 GMT -5
cronewitch: your description of your retirement house is kinda like my current house and even though I am just starting out I thought, gosh this would make a good retirement house, so I hope to move on and getting a bigger place but I will keep this one and turn it into a rental and then when I am ready to retire I can simply "downsize" into my perfect little house that will by then be old and paid for!! That is my plan right now anyway, we will see where I am in 30 yrs.
eta: well the 3/2 1500 sq ft all on one level part, I don't have a rain room but I have a hot tub!!
seriously the thing I want most in life for retirement is to be a snow bird. I could be a snow bird now and be happy but come that age I will figure out a way to do it.
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sapphire12
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Post by sapphire12 on Mar 18, 2011 22:19:24 GMT -5
Retirement could begin in as few as 16 years. I plan to be healthy, have a comfortable retirement, and relax. I have a dream to relocated to Aruba. It's 84 degrees all year with a warm breeze and work as jeep tour driver. I've also thought about teaching maybe one or two classes a semester. I plan to work Fri, Sat and Sun when most of the cruise ships arrive. However, I get my fair amount of travel in now. As others have stated, I may not live to see retirement; many don't. However, if all goes well, retirement will be fabulous.
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cronewitch
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Post by cronewitch on Mar 19, 2011 1:01:22 GMT -5
cronewitch: your description of your retirement house is kinda like my current house and even though I am just starting out I thought, gosh this would make a good retirement house, so I hope to move on and getting a bigger place but I will keep this one and turn it into a rental and then when I am ready to retire I can simply "downsize" into my perfect little house that will by then be old and paid for!! That is my plan right now anyway, we will see where I am in 30 yrs. Read more: notmsnmoney.proboards.com/index.cgi?board=finance&action=display&thread=4930&page=2#ixzz1H1PnwAUEI don't know if you will want the same house in 30 years especially if it has been a rental. Neighborhoods change and people change so the odds of wanting the same house is not great. I want a very new house for retirement, no more than 3 years old. A two or three year old house is perfect the prior owners put in the plants and hung the curtain rods and dealt with any warranty work. Then the house is low maint for the next 20 years. My current house is 62 and some things need updated not just for colors and style but things like the wiring and plumbing. I think a rain room is important so I can have a place that is outdoorsy without being cold and wet. Southern people sometimes have a sunroom but Seattle doesn't have any sun.
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Post by Deleted on Mar 19, 2011 9:58:48 GMT -5
If we don't kill each other I think it could be fun! Yep that is a biggie. A friend was mentionning the other how the rate of divorce is also going up among retired couples. Basically they spent so much apart during their working life and kept busy: life revolved around raising kigs, getting promotions, etc. Now retired and have to spend most if not all their time with each other and it's like : I cannot stand you for that long or they are complete strangers to each other.
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cronewitch
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Post by cronewitch on Mar 19, 2011 12:44:01 GMT -5
I knew a couple of couples that the woman didn't want her husband underfoot all day. My great aunt was a housewife, baking bread, visiting the kids and grandkids during the day, dinner on the table when he got home from work. Then he had a heart attack at 64 and mandatory 65 retirement age at work. They lived in a two bedroom home in a mobile home park. He plopped himself in the living room and expected her to entertain him, play cards, sit and talk or whatever. They moved the mobile home to a small town on a lot and he took a part time job at the hardware store stocking shelves. They had a little wood stove so would go to the forest to get firewood. They used a handsaw so it was a quiet day in the country to get a small bit of firewood and it was exercise for them. She got used to him being home more but at first he was intruding on her domain.
Another was a man I met that was running a small business. He sold uniforms for nurses and waitresses back when all uniforms were white. His wife had told him he wasn't going to retire in her house, he didn't believe it and tried but he wasn't wanted at home all day underfoot. So he opened a little shop opened 9-6 for some place to go and people to talk to.
I worked for a man who didn't want to retire to his condo full time with his wife. She invited women over for bridge during the day some times and he didn't want to be there. She wanted him to retire, he didn't want to. He sold his CPA firm but started a new business from 10-3 doing books for partnerships that he was a partner in. He would go to work then go to lunch 11:30 to 1 and work another couple of hours so worked about 3.5 hours and had lunch for 1.5 hours. His business partners were other old men who he had been friends with since childhood, they liked having lunch in nice restaurants so he always had people to have lunch with. If he was home his wife would have him on a diet giving him a sandwich for lunch at home. He was 76 when he started his new business to escape from home and wife.
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lynnerself
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Post by lynnerself on Mar 19, 2011 13:32:45 GMT -5
cronewitch Great stories! Since we both work full time, I often wonder how it will be after retirement. I don't think it will be as bad as your stories. But DH has these expectations of doing everything together. And he is adamant about not working at all after retirement. I like the idea of finding lots of chores that he likes, but I'm afraid he'll want me to help! He is already a little clingy on the weekends. I plan on taking lots of classes. And when we travel togetherness is fine. I'm sure we will work it all out, my parents did. Mom said when Dad started going to the grocery store with her it drove her nuts!
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998fbird
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Post by 998fbird on Mar 19, 2011 18:17:41 GMT -5
LOL, getting further and further away. I'd like to get a small RV and travel around the US. However, I can truly say that nothing in my life has turned out as I expected, so who knows.
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Post by money100 on Mar 19, 2011 18:54:41 GMT -5
This is a great question, cawiau ;D
I would like our retirement lifestyle to be exactly the way we're living now (not before, in our debt-producing years).
- Two overseas trips a year - Means and health to visit all our friends and family when they have a "do" - all the big stuff like weddings and birthdays but also the little things like HS grads, BBQs, communions. - Means to pay maintenance on a condo - Our $250 cable bundle bill (allowing for renting movies instead of going to Blockbuster and enough hours of Long Distance within Canada/US) - Means to buy $100 gifts for some people, $30 gifts for the rest. - Continue to eat well but not extravagantly (which in my mind is lots of fresh fish, produce in season, whole grains, Haagen Dazs ice cream, free-run eggs and Balkan-style yogurt) - Means to replace/repair clothing and household things as soon as is necessary. I like being able to walk into Nine West and replace my black pumps ($125) without having to save up or budget for it. - Drive a Toyota sedan and again be able to pay for repairs as is necessary.
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Peace Of Mind
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Post by Peace Of Mind on Mar 19, 2011 19:33:42 GMT -5
Excellent thread Cawiau. If you don't picture your retirement, you can't develop a plan to get there. I plan to retire in the next 12-18 months, unless of course the crap hits the fan at work and it happens earlier. I will get a pension and currently have about $500k in retirement accounts, plus some rental income. I intend to down size the condo, kick out the roomie and possibly get a part time job. My perfect retirement daydream involves sun, sand, water, attractive pool boys and adult 's. I'd like to alternate my time between the mountains and the ocean, throwing in various trips around the US and Europe to watch world class horse 3-day and dressage competitions. I'd like to do the RV thing, see more of the US/Canada, maybe hike a little bit in the Appalachias as well. Trix, there is a house next door and one catty corner to me with a pool for a really good deal. I'll go in halves with you on the pool boy. We don't need a pool to have one, right?
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TrixAre4Kids
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Post by TrixAre4Kids on Mar 19, 2011 20:19:09 GMT -5
Mmmmm house and pool in Florida, condo in Seattle.......Snowbird! This could work Pom! Halfsies on pool boy is perfect. I'll be travelling part of the time anyway
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Deleted
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Post by Deleted on Mar 20, 2011 2:21:51 GMT -5
"Basically they spent so much apart during their working life and kept busy" Exactly. And DH's "need" to supervise me isn't going to go well.
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mamasita99
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Post by mamasita99 on Mar 20, 2011 6:29:30 GMT -5
I'm 34, don't know how many years I have till retirement. As soon as I lose the passion for my job, I will move on to something else (once I'm vested in another couple years), if I can't afford to retire. The thought of 30-40 years of anything is a bit nauseating! I plan to be somewhere tropical and start a small part-time business of some sort, or move to TX to be closer to SO and my family and enjoy a lower cost of living. I do plan to have a couple homes for rental income, that might keep me busy. I'd love to have a guest house in the back for DDs! Also, since I'm part mermaid, I would like a pool in the back and hire someone else to take care of it.
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april47
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Post by april47 on Mar 20, 2011 8:33:36 GMT -5
It is really funny but everything I wanted retirement to be when I was younger changed when I actually did grow older and retired! I wanted to travel and see the world when I retired. We had an RV and actually lived in it for a while. We traveled as much as our schedule allowed and dreamed "someday we will really take off in our RV". Now my husband died, my RV is gone and that dream is gone. I don't care to be on the road alone and flying is literally for the birds nowadays. I retired and find I don't really want to travel and am happy with the freedom to spend my time without the restrictions of work. I want to stay near my family. I stay busy enough but if I want to read or take a nap I can! I love not working!
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whispering17
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Post by whispering17 on Mar 20, 2011 10:33:14 GMT -5
I look forward to doing what I want to do, when I want to do it! I will throw away the clock and not have a "schedule" of having to be somewhere. I will be able to read a book cover to cover in one sitting, if I want. I can have breakfast at nine or noon or three, if I want. I will have an RV and travel around the USA at my own pace. I've worked since I was 14 and I look forward to having my time to myself. Finally!
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kdamron
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Post by kdamron on Mar 21, 2011 10:43:58 GMT -5
My hope is to retire at around 57 with 2-3 rentals, plenty of cash socked away in my 401k, a vacation home either in Europe (Scotland or English countryside) or some place warm like St. John that could be rented out weekly for a little extra cash but is there for 3-4 months out of the year for us, friends and the girls and any grandchildren we might have. I want to write more, learn to cook really well, play old ladies in community theater and volunteer. It's still far enough away to be fuzzy, but close enough that I inch my 401K contribution up everytime I run a retirement calculator.
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TrixAre4Kids
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Post by TrixAre4Kids on Mar 21, 2011 13:06:05 GMT -5
My hope is to retire at around 57 with 2-3 rentals, plenty of cash socked away in my 401k, a vacation home either in Europe (Scotland or English countryside) or some place warm like St. John that could be rented out weekly for a little extra cash but is there for 3-4 months out of the year for us, friends and the girls and any grandchildren we might have. I want to write more, learn to cook really well, play old ladies in community theater and volunteer. It's still far enough away to be fuzzy, but close enough that I inch my 401K contribution up everytime I run a retirement calculator. This is what I meant by picturing your retirement so you can develop a plan. What type of rentals? Are you going to stagger their purchase? One every 5 years? How much to put down? How much do you have to save every year for 5 years to be ready to buy the next one? How much to save for the cottage/vacation home? If your dreams are specific you're more likely to get there. You are 42? When you break it down it's not that far off. Fuzzy dreams float out the window. Karma to you.
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kdamron
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Post by kdamron on Mar 21, 2011 13:32:50 GMT -5
This message has been deleted.
It posted twice - so sorry.
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kdamron
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Post by kdamron on Mar 21, 2011 13:38:28 GMT -5
Okay, so first it posted twice, then it apparently deleted twice.
Trix - in answer to your question. I have one rental now that used to be my principal home. I put my positive cashflow from it back to the principal. I save about 25% of my income (after retirement savings) and hope to be able to buy another rental in about 2-3 years while the market is where it is. In five years rinse and repeat.
As for my vacation home, I am hoping to get serious about looking in 5-7 years. My plan (just a plan mind you) is to budget around $250 - 350K for a home in either Europe or perhaps the Virgin Islands. It won't be a huge place, but I want enough room to be able to have friends and family visit us.
True, it's not really that far away, but I don't want to wish my life away either. It's a mixture - today and tomorrow.
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dragon2008
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Post by dragon2008 on Mar 21, 2011 18:34:16 GMT -5
Part of my financial planning involves thinking about retirement, since if I'm going to be a world traveler I need to have a bit more money put away (because I do like staying in nice hotels) than if I plan on being a stay-at-homer (which sounds so lovely right now!). I'm also planning on a two-stage retirement - one from my current, stressful career in eight or nine years (if I can make it that long), and then another retirement from my less stressful job in time to collect medicare (health insurance being the the first of two reasons for me to take that second job).
I also want to build my dream house (but now will include a rain room - what a great idea, Cronewitch!) and would enjoy taking time to take time when I do things. Keeping my mind active is important as well as making friends of all ages (wanting to be around people is a problem now, but if I could chose who I talk to and for how long I think I would be more social). Being able to see my current friends (no matter where they live) is important. Being able to continue my pilates classes and maybe add in some yoga is key. I also think it would be fun to blow the curve in some college courses!
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ameiko
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Post by ameiko on Mar 22, 2011 0:22:12 GMT -5
At 55 living somewhere outside the US with a cold drink on one hand and a hot young native whose language I don't understand (and don't need to) on my other arm as I take a break from my writing for the day.
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Deleted
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Post by Deleted on Mar 22, 2011 0:31:10 GMT -5
At 55 living somewhere outside the US with a cold drink on one hand and a hot young native whose language I don't understand (and don't need to) on my other arm as I take a break from my writing for the day. sounds like a great retirement to me
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