The west coast doesn't have a lock on high taxes.
Friends and family still in the Chicago metro area pay some mind numbing property taxes. Utilities are high as are gas, sales and vehicle taxes.
Retirement
- Thread starter CourierDriver
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Friends and family still in the Chicago metro area pay some mind numbing property taxes. Utilities are high as are gas, sales and vehicle taxes.
AZjeff
$50 Site Donor 2023
Or you cash out of your home for $2M or whatever and move here and buy a nice new home on a decent lot for <$400k , bank $1.5M and be happy. At least 50% of the people buying in the development we live in are from Cali based on license plates. It's a flood.
I agree. That and what's the point in retiring unless you can do it in Caligulan spendor?
Understand now what you meant Pablo. Out here if you’re of modest means the key is to downsize. Make your dollars go further.
Nothing wrong with downsizing, but I have hobbies man!!
Meh, other than some large wood working tools, snowjetmountainbikecavepowerjumping can't cost that much, can it?
Meh, other than some large wood working tools, snowjetmountainbikecavepowerjumping can't cost that much, can it?
Me too. My whole life as a City Firefighter i was never really sure what day it was. My department worked a modified Cleveland schedule which went like working 24 hrs shifts 3 out of 5 and then 4 straight days off. For example working Monday, Wednesday and Friday then coming back the next Wednesday. Having practically 20 days a month off led most of us to have a second job which allows for a good way to save money for retirement and combine that with our sadly now rare defined benefits pension and lifetime insurance getting out at 52 was easy. Its nice to wake up and ask myself what do I want to do. I save my "have to do things " up and knock them out usually in one day out of the week.
Be aware that taxes are going to go up regardless of party in power. All these Trillions that is being spent on Covid subsidies (I didn't qualify for any). Someone has to pay and it is going to be ordinary citizens like you and me. Remember it is Socialism if it is paid to ordinary Joe, but it not when billion dollars corporate America gets it. Even my SS is taxed at year-end when I file taxes, because during RR era Congress decided if you did good with your retirement we are gonna tax you. I see future when Government may decide to increase taxes on IRA and 40XK, taking away ROTH IRA, increased local taxes, and possibly even GST and increase in Fuel taxes etc. Young ones need to keep that in mind when they are planning their Retirement funds.
I spent most of the money I made when I was in my 20's on fancy cars and flashy women. Finally wised up about 30 and bought a house and started dumping money into my 401k. Retired on Disability when I was 53. The house and cars are paid for and I'm now looking for a piece of land in Tennessee that's going to be my peaceful little corner of the world. The 401k? Untouched and (currently) growing.
i retired in 2012 from a 29 year overseas career at 58yo. during the last year i became totally fed up and stressed out with repeated, unfixable b.s. financially i was fine as i had saved assiduously but it was a large psychological adjustment after alot of responsibility and a professional life out of the u.s. my retirement plans started early on by living frugally, staying with one employer, maxing out each and every retirement opportunity, and keeping with an unnoteworthy, sometimes inconvenient, military reserve second career for a supplemental pension and medical insurance. i was doing some consulting that was killed off by the flu panic from last year. my life precluded acquiring toys or hobbies to carry over into retirement, but my needs are simple. no desire to get a job as i am done with listening to jerks.
I got tired of the acrid breath of management.
Retired at 59 1/2 . Almost four years ago . The stress of my job was getting to be more than I felt like dealing with and there was no light at the end of the tunnel . Like the old guys used to tell me .." Dan , it just ain't fun anymore . " I have no regrets . I hear things got even worse and the other two Foremen left as well .
Unfortunately in many careers it’s like that.
Don‘t like it....?
Theres the door, get out !!!
Pretty much always like that when you are working for someone else. Some are just better than others. I can't complain really.
I just thought the saying was funny as heck when ave/boltr said it in a youtube video when he was developing some funky non-fog glasses and had to steam them up himself when he ran out of specimens from the freezer.
I'm 35 and keep clicking on these threads because I can't wait for the day I can retire. I'd trade the next 30 years of "life" just to get to that almost. Wouldn't even ask for the income of t hose 30 years. Just swap it right now and figure it out then. That said, I keep trying to figure out how Alice Cooper supposedly sold his soul, because that sounds like an even better deal, but alas, I fear that is just a rumor from my hyper-religious upbringing.
twouvakind
Site Donor 2025
I will have given the railroad over half my life in November, I'll be out at age 61 and 30 years.
If you are doing something you like.... the years go by much faster.
Luckily I had a low stress job with very good bosses and colleagues 90% of the time. As long as I met the ‘alphabet soup‘ of corporate metrics and kept all my accounts happy...... I was off everyone’s radar and left alone. Saw my boss only once a year, twice a year if I had an audit.
Everything was black and white due to contracts, so really no problems with customers.
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When you're doing things you detest it goes fast, too. You just black it out and realize you've managed to live another week. I'm sure I'll pay the price later, but for now, work works and pays my bills.
This might be thought provoking: https://seekingalpha.com/article/44...o-retire-a-suggested-pre-retirement-checklist
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