The Retirement Thread

[Tron]

I asked Boner a question about retirement in a different thread. I think we need a retirement thread. It’s never too early to think about not working and enjoying life even more.

 

[roguejuror]

For Reference

Boner, is $97,000 (gross) a year enough to retire on? The $97K will be paid out as a monthly defined benefit. And let’s say about $150,000-$200,000 in a Roth IRA/457 deferred.

It will cost me roughly $1,000 a month from age 54-65 for health insurance. I want to take two (4 night) trips to Vegas every year, one 3 nighter to New Orleans a year, and one big trip (8-10 nights) a year to different locations throughout the world until about age 75.

I’m not asking the question just to ask the question. I really don’t know.

I also have expensive hobbies like buying guitars, amps, stomp boxes and mountain biking. I want to buy a $4,000 mountain bike within the next 7 years (I purchased my current bike for $1,800 used just to give you a feel for how I blow money). I’m the opposite of a bean counter type. I also will have 19 years left on a mortgage but I will likely sell the house in 9 years and downsize.

 

[tullamore]

Tron you got any other investments outside a 401k or Roth? Are you maxing out your Roth each year?

 

[CASPERWAIT$]

I’m stockpiling Ramen noodles for retirement. Shelf life of decades.

My baseball card collection is my stock portfolio.

I’m set

 

[Tron]

Tron you got any other investments outside a 401k or Roth? Are you maxing out your Roth each year?

No I’m not maxing out my Roth by any means and that’s one of my concerns.

I’m only putting $300 a month into Roth/457. I have another 6 years of $20K a year in child support. So I will max out my Roth/457 for the final 3 years of my career.

 

[Bread]

My retirement plan is the Skyway Bridge. Kudos to you guys doing it right.