Retirement Dreams

You might not be satisfied with the timeline but that Jeffsy is in my future.

Assuming the market doesn't meltdown before that. If that happens every extra penny goes into stock.

And back to the real topic - sorry for the diversion...

I don't pretend to know anyone's business but here's a few common sense idea and things I've learned.

You can live on 30k a year, most years.  This is especially true if:

- You don't have a mortgage (this is a main goal for most people who retire)
- You live in a smaller, efficient house.  Do you really need 2700 sq ft for you and your partner?  1000-1500 is more than enough for most couples and your energy bills will be much, much lower.
- Don't buy vehicles on credit.  Just take out the money when you need a new car and pay the tax penalty then.  Drive the vehicle for as long as practical.
- Live in an area with the lowest taxes possible.  A smaller, lower valued house will help this.  Avoid waterfront - but being close to public access is nice.  Forget living in any greater metro area of a large city - NYC, Boston, etc... all will be premium on house value and tax burden.  Consider how much you actually want to visit a city vs other types of recreation you'll do on a more regular basis.
- Learn to cook.  Eating out is an easy way to burn tons of money and make yourself fat.


If you want to travel a lot, consider a more economical way such as buying a van or RV.  It's a one-time investment that will be much less expensive if your travel is restricted to the this continent.

Healthcare is a big thing for most, but here, in NY, there are tons of options for affordable healthcare before medicare kicks in.  It's income based, so the more you take out of your retirement savings, the more they'll charge.  Incomes under 30k it's very cheap, like $30 a month per person for full medical and dental, no copay.

There are stipulations to this, but I know I qualified when my income was less than 30k.  I had money in my retirement funds but they didn't penalize me for this.  I was under the impression it was what you take out, not what you have.  i could have misinterpreted this though.

Cunningstunts wrote

witch hobble wrote

Sounds like you’d be coming in eyes wide open.

I think I'll focus my open eyes on something more positive.  Like constructive ways I can influence and motivate people via the internet.

Thanks anyway.

And that is exactly what goes on in the political forum. There have been hundreds of thousands of posts.......and I think somebody’s mind changed that one time. 😂

Cunningstunts wrote

.  Incomes under 30k it's very cheap, like $30 a month per person for full medical and dental, no copay.

There are stipulations to this, but I know I qualified when my income was less than 30k.  I had money in my retirement funds but they didn't penalize me for this.  I was under the impression it was what you take out, not what you have.  i could have misinterpreted this though.

Wow. Is this true?!? I'm not at the point yet, but unless something changes with healthcare in this country, the best retirement destination (before Medicare age) might be the state that offers the cheapest medical coverage that doesn't penalize you for having money in retirement accounts.

witch hobble wrote

. There have been hundreds of thousands of posts.......and I think somebody’s mind changed that one time. 😂

I think they changed it back 2 weeks later.

MC2 5678F589 wrote

Cunningstunts wrote

.  Incomes under 30k it's very cheap, like $30 a month per person for full medical and dental, no copay.

There are stipulations to this, but I know I qualified when my income was less than 30k.  I had money in my retirement funds but they didn't penalize me for this.  I was under the impression it was what you take out, not what you have.  i could have misinterpreted this though.

Wow. Is this true?!? I'm not at the point yet, but unless something changes with healthcare in this country, the best retirement destination (before Medicare age) might be the state that offers the cheapest medical coverage that doesn't penalize you for having money in retirement accounts.

Look into it.  There is so much healthcare stuff going on in NY that was actually supposedly implemented around the time Hillary was in government.  I'm not sure she was actually responsible for it, but she takes credit for it.

We have an open market for adults and there is something called Healthy NY for kids, which is income based.  All I know is what I was paying, but that may be on the low side because I have 3 kids.  At any rate, it is very affordable and by far the best health insurance I ever had.  Everything is covered, no questions.  I did have a copay of $1 on premium scripts.

I believe you have to have no other options for the open market i.e. you are unemployed or self-employed.  When you are less than medicare age, I don't know the difference between being unemployed and retired - to me, it seems like the same thing.

Harvey wrote

You might not be satisfied with the timeline but that Jeffsy is in my future.

Assuming the market doesn't meltdown before that. If that happens every extra penny goes into stock.

I have no requirements for your timeline, but the Grim Reaper does.  You never know when he's gonna come a knockin'.

Cunningstunts wrote

I have no requirements for your timeline, but the Grim Reaper does.  You never know when he's gonna come a knockin'.

That's right it was TJ who was applying the screws.

When did you start skiing?  When do you wish you started skiing?  

Excellent !! That demographic is a serious ally in our business .
 Wishing you much success with running that Christian college .

Once when on sabbatical i did a yr long Interim Presidency for a small Catholic college .I was the happy ass dude that they had Never experienced after decades of clerical leadership .😈

 Had a great experience , wonderful faculty and staff . They offered me the job , but i had strong ties where i was and hey it was a a pretty sweet gig there.But the change to a smaller pond was a great experience and being Independent and not system dependent was also a nice environment but not without its challenges . I used MBWA and made damn sure the students as well as faculty knew the PREZ  and his family on a first name basis  . We had a seriously great experience and got thm out of a financial pickle and managed some facility upgrades too.

Again  wishing you all the best there and with your plan b !

Wrap.. My applogies if I wasn't clear. I run the food service at small Christian College. I have been here for 19yrs.Token Jew

But over the years enrollment has been falling . The last 5 years we are down 10% every year in enrollment. I can't imagine at this rate the school will be financially solvent.

Fortunately my wife has been a currency trader for the last 30yrs..another dying  industry..

Hang tough but look around !

 GOOD FSD's are a serious asset to retention efforts at colleges . Its a tough gig but your skills are on target . Running an auxiliary enterprises unit  (Food , bookstore, in hospitals the gift  shop  and vending) are needed both in colleges and Hospitals too ! Very important revenue streams.

And you know how to make margin  and usually CONTRIBUTE positive numbers for the bottom line . Our FSD's were serious assets and great mgrs .

Stay positive , good people are always in need

I will ride this to the end..But then look for something else to do. I am worn out managing people.

JasonWx wrote

I will ride this to the end..But then look for something else to do. I am worn out managing people.

+1

Good thread. I appreciate everyone's input.

I appreciate your solid contribution.....

marznc wrote

How far south?  My mother opted to move to central NC back in the 1970s long before lots of retirees moved into the region when housing was inexpensive.  The Triangle (Raleigh, Durham, Chapel Hill) has very good medical care options.  But these days there is also a lot of urban traffic and decreasing air quality.  The flip side is much better restaurant choices for those who want to eat out and enjoy different kinds of food.  My parents enjoyed the Triangle for almost 25 years after my father retired.  I attended Carolina as an in-state student because my parents were older so I was still in high school when my mother moved.  As an older parent myself, I'm happy that my daughter is applying to UNC colleges.  So my mother's choice is still working out well. :-)

From a ski nut's perspective, it's good to live near an airport with Southwest.  Our house is 15 min from RDU, which is very handy for those 6am flights that allow for afternoon skiing the day of arrival or midnight arrivals for those interested in skiing around SLC before heading to the airport.

My wife likes the Roanoke area/I-81 side of the Blue Ridge Mtns in Virginia. I am not sure if that would be a worthwhile move. Other areas are west side of FL or Houston. Florida for the usual reasons and we have family in Houston.

ScottyJack wrote

I appreciate your solid contribution.....

To acquire knowledge, one must study. To acquire wisdom; one must observe.

Talk less, listen more...

It's my new approach.