|
Forums46
Topics538,033
Posts9,732,174
Members87,055
| |
Most Online25,604
Feb 12th, 2024
|
|
|
 Re: What is your idea of retirement?
[Re: DocHorton]
#7833819
05/08/20 08:09 PM
|
Joined: Oct 2008
Posts: 16,793
68rustbucket
THF Celebrity
|
|
THF Celebrity
Joined: Oct 2008
Posts: 16,793 |
OK, so diverge from the question a little, how much would it take to get you to retire today?
Honest answer, if someone came knocking and said what is the minimum number that would get you to retire today, what would it be?
Since everyone is in a different spot in life, there would be no wrong answers......but don't just say 100M or something silly like that, because honestly most people would blow through that so fast they would be back to work within a few years broke.
So think about what your minimum number would be and lets hear it... My ranch is paid off with nothing new to build. I will use my accrued time sell back money to buy a new truck and a few ranch toys like a new lifted golf cart and new 4 wheeler. That will leave me 450K in savings. 85K is my annual retirement with a 2% annual COLA and free healthcare. I think I will not have any financial worries. I got everything paid off just a few years ago and I was really surprised how much I could save, when money wasn't going out the door on payments. That's a great pension...and free healthcare is worth a pile of money as well. That's easily equivalent to a couple million IRA. Yep, It’s all about the healthcare. it’s impossible to know what your health will be in the future
|
|
|
|
Re: What is your idea of retirement?
[Re: S.A. hunter]
#7833824
05/08/20 08:15 PM
|
Joined: Nov 2011
Posts: 11,024
Texas buckeye
THF Celebrity
|
|
THF Celebrity
Joined: Nov 2011
Posts: 11,024 |
Just one point to be made about healthcare, having health insurance is only as good as your ability to use it. Access to care does not guarantee care nor does it guarantee quality care. just ask all those Canadians and Brits and anyone else with “coverage” that can’t get anything done or have a quality doc do anything.
|
|
|
|
Re: What is your idea of retirement?
[Re: Texas buckeye]
#7833829
05/08/20 08:28 PM
|
Joined: Apr 2013
Posts: 8,475
freerange
THF Trophy Hunter
|
|
THF Trophy Hunter
Joined: Apr 2013
Posts: 8,475 |
"That's a great pension...and free healthcare is worth a pile of money as well. That's easily equivalent to a couple million IRA."
Dang, DocHorton, are you saying that free health care for a person at retirement age is the same as 2M in an IRA? If my health care is going to cost me 2M, and the interest off of it, over the rest of my life then I need to go back to work. Am I missing something?
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR
Keep your gratitude higher than your expectations. RWH
|
|
|
|
Re: What is your idea of retirement?
[Re: S.A. hunter]
#7833833
05/08/20 08:32 PM
|
Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
|
|
THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
I'm not good at math but the DOW was below 5.000 when I retired. ![[Linked Image]](https://texashuntingforum.com/forum/pics/userpics/2020/05/full-16668-230125-image.jpg)
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill ![[Linked Image]](https://texashuntingforum.com/forum/pics/usergals/2017/07/full-3669-105539-full_16668_105507_image.jpg)
|
|
|
|
Re: What is your idea of retirement?
[Re: bill oxner]
#7833855
05/08/20 09:02 PM
|
Joined: Nov 2011
Posts: 16,830
S.A. hunter
OP
THF Celebrity
|
|
OP
THF Celebrity
Joined: Nov 2011
Posts: 16,830 |
I'm not good at math but the DOW was below 5.000 when I retired. How long have you been retired?
|
|
|
|
Re: What is your idea of retirement?
[Re: S.A. hunter]
#7833864
05/08/20 09:08 PM
|
Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
|
|
THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
I'm not good at math but the DOW was below 5.000 when I retired. How long have you been retired? For 28 years.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
|
|
|
|
Re: What is your idea of retirement?
[Re: freerange]
#7833875
05/08/20 09:19 PM
|
Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
|
|
THF Trophy Hunter
Joined: Dec 2010
Posts: 8,841 |
"That's a great pension...and free healthcare is worth a pile of money as well. That's easily equivalent to a couple million IRA."
Dang, DocHorton, are you saying that free health care for a person at retirement age is the same as 2M in an IRA? If my health care is going to cost me 2M, and the interest off of it, over the rest of my life then I need to go back to work. Am I missing something?
I'm saying that $85k per year for life with a 2% annual COLA plus free healthcare for life is easily equivalent to an IRA worth a couple million dollars.
|
|
|
|
Re: What is your idea of retirement?
[Re: DocHorton]
#7833879
05/08/20 09:22 PM
|
Joined: Apr 2013
Posts: 8,475
freerange
THF Trophy Hunter
|
|
THF Trophy Hunter
Joined: Apr 2013
Posts: 8,475 |
"That's a great pension...and free healthcare is worth a pile of money as well. That's easily equivalent to a couple million IRA."
Dang, DocHorton, are you saying that free health care for a person at retirement age is the same as 2M in an IRA? If my health care is going to cost me 2M, and the interest off of it, over the rest of my life then I need to go back to work. Am I missing something?
I'm saying that $85k per year for life with a 2% annual COLA plus free healthcare for life is easily equivalent to an IRA worth a couple million dollars. My bad. Thanks Doc. Poor reading/comprehension skills on my part. I don't have to do the math to know that looking at the whole package its super.
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR
Keep your gratitude higher than your expectations. RWH
|
|
|
|
Re: What is your idea of retirement?
[Re: DocHorton]
#7833884
05/08/20 09:25 PM
|
Joined: Apr 2007
Posts: 60,483
BOBO the Clown
kind of a big deal
|
|
kind of a big deal
Joined: Apr 2007
Posts: 60,483 |
100%, but my post was about taking all considerations into retirement and not being wrong or over/under estimating a number. It’s more then just a number.
Gotcha. Just factoring in the savings aspect... With my topochico and monster habits it might be a rough go at 300k  but your car fetish would be real hard 
|
|
|
|
Re: What is your idea of retirement?
[Re: bill oxner]
#7833888
05/08/20 09:28 PM
|
Joined: Nov 2011
Posts: 16,830
S.A. hunter
OP
THF Celebrity
|
|
OP
THF Celebrity
Joined: Nov 2011
Posts: 16,830 |
I'm not good at math but the DOW was below 5.000 when I retired. How long have you been retired? For 28 years. That's great stuff there Bill. At what age did you retire? If you dont mind me asking, and did you ever regret it?
|
|
|
|
Re: What is your idea of retirement?
[Re: S.A. hunter]
#7833892
05/08/20 09:31 PM
|
Joined: Apr 2013
Posts: 8,475
freerange
THF Trophy Hunter
|
|
THF Trophy Hunter
Joined: Apr 2013
Posts: 8,475 |
I'm not good at math but the DOW was below 5.000 when I retired. How long have you been retired? For 28 years. That's great stuff there Bill. At what age did you retire? If you dont mind me asking, and did you ever regret it? Bill never minds you asking, some just don't like him telling.
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR
Keep your gratitude higher than your expectations. RWH
|
|
|
|
Re: What is your idea of retirement?
[Re: S.A. hunter]
#7833893
05/08/20 09:32 PM
|
Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
|
|
THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
Some of you guys are confusing vanity with needs. I promise you that it won't matter when you get old and ugly like me. Some THFers stay after me about posting old pictures of myself. FYI I haven't posted one of myself which was taken later than 8 years ago. Look it up.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
|
|
|
|
Re: What is your idea of retirement?
[Re: BOBO the Clown]
#7833908
05/08/20 09:51 PM
|
Joined: Aug 2005
Posts: 31,955
txtrophy85
THF Celebrity
|
|
THF Celebrity
Joined: Aug 2005
Posts: 31,955 |
100%, but my post was about taking all considerations into retirement and not being wrong or over/under estimating a number. It’s more then just a number.
Gotcha. Just factoring in the savings aspect... With my topochico and monster habits it might be a rough go at 300k but your car fetish would be real hard You should try the bang black cherry. It’s the ish
For it is not the quarry that we truly seek, but the adventure.
|
|
|
|
Re: What is your idea of retirement?
[Re: DocHorton]
#7833921
05/08/20 10:07 PM
|
Joined: Feb 2019
Posts: 1,440
Poppa
Pro Tracker
|
|
Pro Tracker
Joined: Feb 2019
Posts: 1,440 |
"That's a great pension...and free healthcare is worth a pile of money as well. That's easily equivalent to a couple million IRA."
Dang, DocHorton, are you saying that free health care for a person at retirement age is the same as 2M in an IRA? If my health care is going to cost me 2M, and the interest off of it, over the rest of my life then I need to go back to work. Am I missing something?
I'm saying that $85k per year for life with a 2% annual COLA plus free healthcare for life is easily equivalent to an IRA worth a couple million dollars. even if your life only lasts 6 months after retiring? maybe could be worth, but not worth.
Last edited by Poppa; 05/08/20 10:08 PM.
|
|
|
|
Re: What is your idea of retirement?
[Re: txtrophy85]
#7833924
05/08/20 10:11 PM
|
Joined: Apr 2007
Posts: 60,483
BOBO the Clown
kind of a big deal
|
|
kind of a big deal
Joined: Apr 2007
Posts: 60,483 |
100%, but my post was about taking all considerations into retirement and not being wrong or over/under estimating a number. It’s more then just a number.
Gotcha. Just factoring in the savings aspect... With my topochico and monster habits it might be a rough go at 300k but your car fetish would be real hard You should try the bang black cherry. It’s the ish Oh, I like it but I drink a lot of monster just out of habitat and taste. Bangs rots my stomach, don’t know if it’s the creatine or what. I can drink 4-5 monsters and be fine. Three bangs and my stomach is done
|
|
|
|
Re: What is your idea of retirement?
[Re: BOBO the Clown]
#7833932
05/08/20 10:24 PM
|
Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
|
|
THF Trophy Hunter
Joined: Dec 2010
Posts: 8,841 |
With my topochico and monster habits it might be a rough go at 300k but your car fetish would be real hard You should try the bang black cherry. It’s the ish Oh, I like it but I drink a lot of monster just out of habitat and taste. Bangs rots my stomach, don’t know if it’s the creatine or what. I can drink 4-5 monsters and be fine. Three bangs and my stomach is done True on the car part.  Damn 4-5 monsters in a day? What's your BP....'bout 185/110 ?? You may need to retire in the next year or two so you can get a good 10 years before your heart explodes. 
|
|
|
|
Re: What is your idea of retirement?
[Re: Poppa]
#7833937
05/08/20 10:30 PM
|
Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
|
|
THF Trophy Hunter
Joined: Dec 2010
Posts: 8,841 |
"That's a great pension...and free healthcare is worth a pile of money as well. That's easily equivalent to a couple million IRA."
Dang, DocHorton, are you saying that free health care for a person at retirement age is the same as 2M in an IRA? If my health care is going to cost me 2M, and the interest off of it, over the rest of my life then I need to go back to work. Am I missing something?
I'm saying that $85k per year for life with a 2% annual COLA plus free healthcare for life is easily equivalent to an IRA worth a couple million dollars. even if your life only lasts 6 months after retiring? maybe could be worth, but not worth. Well, I guess in that case, No. Depends on spousal/dependent benefits of pension and healthcare though. Some pensions pay for life of spouse too.
|
|
|
|
Re: What is your idea of retirement?
[Re: S.A. hunter]
#7833938
05/08/20 10:31 PM
|
Joined: Jan 2014
Posts: 12,765
Paluxy
THF Celebrity
|
|
THF Celebrity
Joined: Jan 2014
Posts: 12,765 |
The wife, and I were talking about what we want to do in retirement. She told me she wants to retire, but still work and manage things....... I, of course told her that that's not "retirement". I, in turn tell her I want 75-100 acres to raise some animals with a pond, and a nice house...... she tells me that that's not "retirement" either. We obviously have different ideas of what retirement is.
What is your idea of retirement?
Living further out with more land sounds good. Need a place on the Llano river too
|
|
|
|
Re: What is your idea of retirement?
[Re: DocHorton]
#7833942
05/08/20 10:36 PM
|
Joined: Apr 2007
Posts: 60,483
BOBO the Clown
kind of a big deal
|
|
kind of a big deal
Joined: Apr 2007
Posts: 60,483 |
With my topochico and monster habits it might be a rough go at 300k but your car fetish would be real hard You should try the bang black cherry. It’s the ish Oh, I like it but I drink a lot of monster just out of habitat and taste. Bangs rots my stomach, don’t know if it’s the creatine or what. I can drink 4-5 monsters and be fine. Three bangs and my stomach is done True on the car part. Damn 4-5 monsters in a day? What's your BP....'bout 185/110 ?? You may need to retire in the next year or two so you can get a good 10 years before your heart explodes. 120/80 I have an extreme caffeine tolerance. Grant it I’m not mortal, I might be the son of Zeus(probably illegitimate) but none the less I’m kind of a big deal There is Winhoff and then there is the Clown
|
|
|
|
Re: What is your idea of retirement?
[Re: S.A. hunter]
#7833984
05/08/20 11:08 PM
|
Joined: Nov 2011
Posts: 16,830
S.A. hunter
OP
THF Celebrity
|
|
OP
THF Celebrity
Joined: Nov 2011
Posts: 16,830 |
Dang Bobo, careful with that stuff.
|
|
|
|
Re: What is your idea of retirement?
[Re: S.A. hunter]
#7833993
05/08/20 11:11 PM
|
Joined: Mar 2010
Posts: 12,205
ntxtrapper
THF Celebrity
|
|
THF Celebrity
Joined: Mar 2010
Posts: 12,205 |
The money aspect of all of this is very secondary to me. I will make things work regardless of the finances. I just want to be truly free. To be able to do what I want, when I want and not worry about being attached to my phone and email. I also never want to have to decipher what stupid stuff a gangster is stacking or have to watch a rap video ever again
|
|
|
|
Re: What is your idea of retirement?
[Re: S.A. hunter]
#7833994
05/08/20 11:11 PM
|
Joined: Mar 2007
Posts: 5,225
Rustler
THF Trophy Hunter
|
|
THF Trophy Hunter
Joined: Mar 2007
Posts: 5,225 |
|
|
|
|
Re: What is your idea of retirement?
[Re: S.A. hunter]
#7834008
05/08/20 11:24 PM
|
Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
|
|
THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
My last post on this thread and you can take it to the bank.
Your health is more important than your money.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
|
|
|
|
Re: What is your idea of retirement?
[Re: Rustler]
#7834195
05/09/20 04:18 AM
|
Joined: Jan 2007
Posts: 8,796
GOLDSTEIN
THF Trophy Hunter
|
|
THF Trophy Hunter
Joined: Jan 2007
Posts: 8,796 |
I’ve driven to Colorado with Bobo several times. Pretty sure he drank a dozen Monsters between here and Albuquerque. Dude is immune to them...
|
|
|
|
Re: What is your idea of retirement?
[Re: GOLDSTEIN]
#7834201
05/09/20 04:56 AM
|
Joined: Nov 2011
Posts: 16,830
S.A. hunter
OP
THF Celebrity
|
|
OP
THF Celebrity
Joined: Nov 2011
Posts: 16,830 |
I’ve driven to Colorado with Bobo several times. Pretty sure he drank a dozen Monsters between here and Albuquerque. Dude is immune to them... I try not to do this, but sometimes when trying to get back home after a long day. I'll pop a monster, sunflower seeds. I swear by that combination. Guaranteed to get you back from as far as 250 miles out.
|
|
|
Moderated by bigbob_ftw, CCBIRDDOGMAN, Chickenman, Derek, DeRico, Duck_Hunter, hetman, jeh7mmmag, JustWingem, kmon11, kry226, kwrhuntinglab, Payne, pertnear, rifleman, sig226fan (Rguns.com), Superduty, TreeBass, txcornhusker
|
