serious retirement question.

[dhutton]

I retired, we moved out of the suburbs to a place in the country with a shop where I build nice driver quality cars for a few friends and friendly customers. I don’t make a whole lot of money but I don’t care because I am a hell of a lot happier than I was working as an engineer. No office politics and BS. Zero debt. The income has let me stay out of my IRA and let it continue to grow.

I will add that make sure you have a good plan for health insurance. It’s a minefield in my experience.

Don

[srode1]

Originally Posted by dhutton

I will add that make sure you have a good plan for health insurance. It’s a minefield in my experience.

Don

Yeah, I was going to say Healthcare is the thing to make sure you have covered well including nursing care when you get to that point.

My advice, is have a discussion with a company that manages investments for individuals like Morgan Stanley etc. They normally do a great job of giving you probability based financial plan for free based on the historical and projected investment returns, taxes, your spending plans etc in exchange for a shot at managing your investments for you. The outcome will be a good budget and strategy to meet your life goals through retirement.

My other advice beyond can you afford it is retire to something, not away from something, you probably have lots of years ahead of you so make sure you know how you plan to use all that time. After 2.5 years being retired, I have no idea how I ever had time to work and zero interest in it. I don't have enough time to do all the things I want to do now as it is (including work on my cars). In my last few years at work I found myself getting more frustrated with the lack of time to do things I enjoy outside of work, and getting bored with work. If I had just not liked my job, I would have probably moved on to do something else instead of retiring. When I retired i was approached by a number of people who were interested in hiring me for consulting work - but it would have taken time away from the things I am enjoying doing being retired. If I enjoyed working I wouldn't have retired, I had a job that wasn't bad and paid very well.

[raustinss]

id become a male stripper lol