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Baby boomer retirement goals...

chefantwon
chefantwon
Apr 24, 2014
9:41am
Block User
Quote
Originally posted by: surf87
I have this long term care insurance thru Genworth. Had it for 3 years now. Some might say it's not needed until about age 55 or even 60's but it gives me peace of mind. And I can comfortably afford it.




I don't know if you have looked or not but assisted living facilities can run a pretty penny. There are places here in Ohio that will run anywhere between $4,000 to $9,000 a month and they DON'T take Social Security.

Dave in Seattle.
Dave in Seattle.
Apr 24, 2014
5:42pm
Block User
WHOA!!!
Here is the answer I was looking for:


In addition to a tax advisor one should get a retirement advisor.
Too late for me but the people that PLAN for their retirement should heed this wise person's advice.
Hats off to you for the best advice of the entire thread.
nuggetboy
nuggetboy
Apr 24, 2014
10:04pm
Block User
Seems like 2014 is a big year for retirements on this board. I go out in 5 more weeks. Been working here for 34 years. Took less money for the job because of the good pension plan. Had originally planned on another year or two but health concerns have pushed the issue to where it is not worth it. Been working 1-2 jobs since I was 15. Everyone thinks I am going to go crazy. Maybe I will, we shall see. Just want to see what it will be like.
hoops2
hoops2
Apr 24, 2014
11:23pm
Block User
Quote
Originally posted by: ddd228
WHOA!!!
Here is the answer I was looking for:


In addition to a tax advisor one should get a retirement advisor.
Too late for me but the people that PLAN for their retirement should heed this wise person's advice.
Hats off to you for the best advice of the entire thread.


One can still use a retirement advisor even after a retirement; an advisor will be able to tell somebody the best way to manage one's income & assets

YtseJammer
YtseJammer
Apr 26, 2014
1:39am
Block User
I'll never be able to retire.


nuggetboy
nuggetboy
Apr 26, 2014
2:46am
Block User
Quote
Originally posted by: YtseJammer
I'll never be able to retire.


Is it because of resort fees?
surf87
surf87
Apr 26, 2014
2:45pm
Block User
Some other things I'm doing to prepare for retirement, BTW I'm GenX and missed the Babyboomer classification by 2 years;
-minimizing debt (no credit card debt, no school loans, no car loan)
-downsizing where ever possible (disconnected $40 a month landline phone and ported the number over to Magic Jack for $3 a month)
-selling crap on Craigslist, eBay, etc.
-home cooking as much as possible rather than buying out
-fixing things rather than paying others or buying new items
-created a will & revocable living trust
-haven't stepped into a casino since February (I know this won't sit well with many of you here, Lol)
Dave in Seattle.
Dave in Seattle.
May 9, 2014
4:11am
Block User
Quote
Originally posted by: surf87
Some other things I'm doing to prepare for retirement, BTW I'm GenX and missed the Babyboomer classification by 2 years;
-minimizing debt (no credit card debt, no school loans, no car loan)
-downsizing where ever possible (disconnected $40 a month landline phone and ported the number over to Magic Jack for $3 a month)
-selling crap on Craigslist, eBay, etc.
-home cooking as much as possible rather than buying out
-fixing things rather than paying others or buying new items
-created a will & revocable living trust
-haven't stepped into a casino since February (I know this won't sit well with many of you here, Lol)


PLUS ONE for Magic Jack!(Plus)
I sell stuff on E Bay a lot.
No credit card debt(Unsecured).
No car payments.
Buy clothes at the "Dead Peoples" store ie Value Village.
I'll walk instead of drive to the store w/ back pack. The bus is $2.50 in Seattle w/ free wi fi at bus stops.
I don't drink beer in Pubs. Sam's Club has great prices.
I grow my own salad fixens'.
Still do my own oil changes.

Tutontow
Tutontow
May 9, 2014
11:13am
Block User
Don't shoot me but the only change in my wife and my lifestyle since retirement at age 55 two years ago is we cruise more and fish more.
jatki
jatki
May 9, 2014
3:55pm
Block User
Quote
Originally posted by: Tutontow
Don't shoot me but the only change in my wife and my lifestyle since retirement at age 55 two years ago is we cruise more and fish more.


They let you fish off the cruise ship? That's pretty cool. Carnival?

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