Printing out some investment documents today at work got me thinking. I definitely want to be retired by 50, and even earlier if possible. I think it's doable, but time will tell. When do all of you plan to be retired? What are you doing investment wise?
As soon as I hit the lotto.:D I would like to take a 1/2 retirement at 50 and full by 60. I have lots of land,stocks mutual funds and trying to keep a bank account and pay off my morgage.
i'll prob HAVE TO work till the day i die.... and even then im quite sure i'll owe uncle sam some loot!
In 7 years at age 40. Wait, I thought you were asking when I want to retire. Well then, I really don't know!
at the age of 52, i'll have 30yrs in. Unless our awesome Gov. uncle ed decides to furlough a couple thousand more people and i get axed
Haha, 40 sounds good, Dan. Although I know what you do isn't easy by any stretch of the imagination, but I'm not sure I would be in too much of a hurry if I were in your shoes. Then again, you never know until your in that position
Its all fun and games.....the first couple years! :D Next year will be my 9th year and I honestly thought I would be a lot further along than I am now. But, we are weathering a very tough time in the industry......especially tourism overall for NW Ontario. I'm fortunate I've been able to continue growing every year and should come out smelling like roses in the end. My plan is to retire by 55....but then again, I don't think I could just stop and not do something in the industry. I love the outdoors and the people too much.
I hear ya. I love Ontario (my parents have a cottage on Sharbot Lake). I've seen pictures of your outfit. What a great place to call home and work
Where is Sharbot Lake? Thanks bro! I take a bit of pride in what the place looks like now compared to when we took over in 2002. Totally different camp.
I thought of this and talked it over with my wife awhile back. We decided that we want to do our best for our little one, try and keep a little in the bank and have some fun. If that makes us work till were 70, then it is what it is. I have a decent job with very good growth if this thing will ever turn around, so we will see where it goes.
Sitting at work thinking or retirement is a waste of time. Retirement is for quitters. For me...I don't plan on retiring. I would rather have a place to go, something to belong to and have meaning in life than retire and have to work at filling my days with something to do. For those of you that think that retirement is full of hunting and fishing, I call BS. My grandfather sold his 640 acres in Neosho MO at age 45 and thought that he would retire to Washington State to live the rest of his life doing just that. My father retired at 55 from the Puget Sound Naval Shipyard with the thought of giving that a go as well. What they both found out is that it just don't work out that way. Neither of them are worried about the money either, just not enough hunting and fishing to be done. I think I would just rather have a nice job with enough vacation time,4 to 6 weeks, to hunt and fish each year. The rest of my time will be spent working. "If you like your job you will never work a day in your life"
I have no idea really. Life can change in a blink of an eye. But my guess....25 more years until I hit 60. I have 3 little mouths to feed with one more planned in the upcoming years. I will be an old man before I can say I am retired.
Grandpa Fitz retired at age 70. He went back to work at age 72 and retired again at age 90. Died at 92.... He worked because he found enjoyment and purpose, not because it was this awful thing that he had to do to get by. I'm a proponent of "Making a living" not having a job. I'll "retire" when I meet my Maker!
Of course you have to take that with a grain of salt coming from a guy who runs a resort in the north woods of MN and gets all fall to hunt as much as he likes.... ... of course it took a huge risk and a 58% pay cut to get here! Couldn't be more happy though!
I don't have an exact age planned, I guess that really depends. I don't see myself ever completely retired, however I do see myself starting to do something working for myself. I'd really like to own/run a small business. I've got a business plan drafted right now for a small liquor store operation in a rural community and I'd love to find a way to get into something like this in the next 10 years and stay with it as long as I feel like. If I don't end up involved in a business like this, and stay in Corp America long enough to really be independant, I'd love to find a way to start an archery school or something like that when I'm done "working". I don't have a lot of interest in starting a retail archery operation, but something more along the lines of providing the facility and service is appealing. Really more of a means to keep me busy and keep my addiction paid for than a source of income. With that said, I really want to be done working for corporate America by 45 at the latest. I've spent the last year looking at options to try and make that happen sooner, but at this point it would need to be a profitable venture to make me jump. I don't get "retirement" in my line of work, but I've been fortunate enough to max out my 401k (or a simple IRA at an old position) for 5 years in a row now. I also have a significant amount of equity in our house, which seemed like a good idea to put some money into when we bought, but I'm questioning that now.........the plan was to be in this house for 5ish years and then use the gained equity to get into a permanent home that we wanted to stay in forever. We are 2 years in now and the economy is going to need to turn a good bit for me to feel comfortable cashing out on this investment. Luckily I put enough down on the house and got a good enough deal that we still have a lot of equity in this place, but I sure wish I took that money and bought a bunch of silver with it or something like that...........:D.
