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Started By
Message
re: Retiring at 50
Posted on 9/19/22 at 10:21 am to facher08
Posted on 9/19/22 at 10:21 am to facher08
quote:
I will never tell my kids to start a family as quick as possible. My friends that did that missed out on prime years of their lives because they thought they had grow up as fast as possible.
It's a trade off. The flip side is that you can be raising kids into your 60s vs being an empty nester in your 40s.
2
Posted on 9/19/22 at 10:23 am to GRTiger
quote:
Free advice for our young OT baws:
1. Have as many kids as you want as fast as you can.
Your words.
quote:
Probably for the best since their father can't comprehend all that it means. I'm not telling my kids to knock someone up or get knocked up at 15.
I know that, arse.
Posted on 9/19/22 at 10:26 am to facher08
I get the impression that you're probably arguing with something you don't inherently disagree with. Classic message board dullness. Tell your kids whatever you think is best. I'm sure they'll be fine.
Posted on 9/19/22 at 10:26 am to fallguy_1978
quote:
It's a trade off. The flip side is that you can be raising kids into your 60s vs being an empty nester in your 40s.
If you can maintain your health then it works out either way. People are living 20 years after retirement in the modern age, and who knows what will come along that may extend that window even further or hell, even extend the fertility of women for a healthy birth outcome, and you know feminist groups will push this because of their desires to have a career and have children (Sergey Brin's current SO convinced him to invest in a longevity company to do exactly that because she aged out of her fertility window). I know there's billions flooding into anti-aging research as we speak and the industry has barely started.
This post was edited on 9/19/22 at 10:31 am
Posted on 9/19/22 at 10:27 am to fallguy_1978
quote:
It's a trade off. The flip side is that you can be raising kids into your 60s vs being an empty nester in your 40s.
True. I'm 36 and settling down now. I don't mind having the last kids leave the nest at 60. 60 years old today isn't what it was. It is easy to take care of yourself if you have the want to.
Posted on 9/19/22 at 10:29 am to Rex Feral
That's awesome. Good for you.
You paying your own health care premiums now? If not, the price for that in your 50s may shock you.
You paying your own health care premiums now? If not, the price for that in your 50s may shock you.
Posted on 9/19/22 at 10:30 am to facher08
I'm the opposite. Man, I'm 47 and my daughter is grown and my step daughter a freshman at college out of state.
Don't kid yourself. It's fricking awesome. I mess with some cows, fish 4-5 days a week, and can truly do whatever the hell I feel like doing.
Don't kid yourself. It's fricking awesome. I mess with some cows, fish 4-5 days a week, and can truly do whatever the hell I feel like doing.
Posted on 9/19/22 at 10:33 am to Rex Feral
Yes, I did. I was a little older though.
Posted on 9/19/22 at 10:33 am to Rex Feral
I'm gunning for retirement at 56, but that is still another 15 years away for me so who knows what will happen between now and then. With the way the world is going, people my age may have to work until we just fall apart if we don't end up in a mass grave first.
Posted on 9/19/22 at 10:36 am to Rex Feral
I'm punching out in 5 years at 54. I've got things that I want to see and do before my body starts to fall apart. The past few years have painfully shown me that tomorrow isn't guaranteed, so I'm not chasing the money carrot past January 31st, 2028.
This post was edited on 9/19/22 at 12:21 pm
Posted on 9/19/22 at 10:37 am to Richard Grayson
quote:
’m with you. I should be debt free by 43. Kids should be out the house and on their own by 50. The moment my last kid graduates college I’d like to have a plot of land ready, sell my house, and retire to the woods. I’d plan to get the land while the kids are in high school and use it to teach them outdoor skills and relaxation. Keep myself busy daily with a vegetable garden and some animals, Etc
That's exactly what I'm doing. Down to the garden and vegetables. The land is purchased and I'm going to spend the next five years getting it ready to farm. I'm looking to build a small house and use into solar panels to generate electricity. My intention is to be totally self sufficient and off the grid. Good luck.
Posted on 9/19/22 at 10:41 am to GRTiger
quote:
I get the impression that you're probably arguing with something you don't inherently disagree with.
Your advice was to..
quote:
1. Have as many kids as you want as fast as you can.
2. Make as much money as you can as fast as you can and retire as early as you can.
I disagree with both of these points. This would trade the time that the young person could use to experience more of life like traveling, living in multiple places, and gaining more perspectives in exchange for jumping into the grind as fast as they can. It's my opinion that these things are worth more than an earlier retirement, if having to choose between the two.
quote:
Classic message board dullness.
Classic message board pretentious insecurity by jumping to insults when their point is challenged.
Posted on 9/19/22 at 10:41 am to dsides
quote:
You must really hate your job
Not really. I enjoy it, I'm good at it, and I make good money. That's the hard part of walking away.
This post was edited on 9/19/22 at 10:59 am
Posted on 9/19/22 at 10:42 am to Odysseus32
quote:
Who doesn't?
I don’t.
I own a business work with people I like, go in when I want and make money. What does retire even mean? If you are stuck working for someone else that tells you what to do, where to be and when, that’s on you.
This post was edited on 9/19/22 at 10:48 am
Posted on 9/19/22 at 10:44 am to Rex Feral
quote:
Not really. I'm enjoy it, I'm good at it, and I make good money. That's the hard part of walking away
Then demand flexibility and don’t walk away. Do everything you want to do while making money
Posted on 9/19/22 at 10:46 am to LaLadyinTx
quote:
What is your plan for insurance? That's what usually keeps people working.
I agree. That was my chief concern, so when our kids were all in school my wife got a para-pro at an elementary school. Georgia state health insurance and teacher's retirement is great. Her plan is to keep working until she's vested so we can have health insurance for the rest of our lives.
Posted on 9/19/22 at 10:56 am to dsides
quote:
Then demand flexibility and don’t walk away. Do everything you want to do while making money
I own the business. It's hard to cut back because I'm wired to work too hard. I can't say no to new business and I don't want to fire clients because I enjoy our relationships.
Posted on 9/19/22 at 10:57 am to facher08
I don't mean to sound pretentious, and I certainly won't tell you how to raise your kids. I do hope you don't convince them that they can't have a family and make money while still living a fulfilling, joyful life.
I'm your age and have 3 kids that give me more joy than I deserve. We're looking to take the oldest to Vietnam next year as the start of a tradition that we'll continue for each of them. They won't have college debt, short of tragedy they'll always have a home with a mother and father who love them, and when I'm 50 and the youngest is in college, I'll be looking for a way out of the corporate rat race, unless I fall in love with a late life career change.
It's a decent life path, even if it's not for everyone. That's why it's free advice. Use it or dismiss it. If it clicks with one person then I'm extra happy to share it.
I'm your age and have 3 kids that give me more joy than I deserve. We're looking to take the oldest to Vietnam next year as the start of a tradition that we'll continue for each of them. They won't have college debt, short of tragedy they'll always have a home with a mother and father who love them, and when I'm 50 and the youngest is in college, I'll be looking for a way out of the corporate rat race, unless I fall in love with a late life career change.
It's a decent life path, even if it's not for everyone. That's why it's free advice. Use it or dismiss it. If it clicks with one person then I'm extra happy to share it.
Posted on 9/19/22 at 10:58 am to theronswanson
quote:This is not the norm.
Happens all of the time. Work hard in your 20’s to 40’s and miss birthdays, vacations, family events, trivia night, kids sporting events, etc. just to run the rat race and come out at the end with a nice bank account and nice house but no one in your life.
Posted on 9/19/22 at 10:58 am to facher08
quote:
True. I'm 36 and settling down now. I don't mind having the last kids leave the nest at 60. 60 years old today isn't what it was. It is easy to take care of yourself if you have the want to.
We had our youngest kid when I was 28. I don't regret it at this point.
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