49ereric
WKR
- Joined
- Jun 21, 2022
- Messages
- 920
Retired is my job and just over 4 years but hoping it continues for 30 or so more years.
This thread came back up and thought I would look back at my post...... funny how life takes a turn, still working for the same company, have a little more responsibility these days. Was planning on retiring at 55, then an opportunity came to buy a piece of the pie and became part owner... I'll be working a little longer, but should be worth it.30 years in the carpenters union next month... 27years 3 months with the same company which is almost unheard of around here... started as an apprentice, to foreman to super to PM... job can be a bitch but shouldn't complain working for good people making good money and will retire in 5 years...
Career length, 14 years.I seem to get “Frustrated “ after about 3 years and start getting ready to move jobs… I feel like unfortunately talking with classmates that is the norm now to bounce from A to B to Z… there’s no real chance to advance within a workplace unless you swap jobs / companies completely.
On one hand I’m jealous of my dad and Buddy’s dads that have worked for the same companies for 30+ years… I feel there has to be some reward in there somewhere … but on the other hand I feel like they wasted that time in not owning their own businesses.. . Helping someone else reap the benefits of their work ..
Im torn as recent (within the past 36 hours recent) turn of events at work. Have really made me question why I’m not figuring out a way to go in business for myself .
Even before events unfolded.. I have been questioning how much longer I see myself at my current job. My girlfriend even notices a change in my demeanor about 12 hours before my shifts start.. and I’m thinking recent events are a sign it’s time for me to leave
I plan to retire by 65, regardless of what's in my 401K, so it really doesn't matter. If there's $1, well, I'll be able to afford a few hours I guess.OK so here's a question... (let me know if this is a not-cool thread-jack and I'll start a separate thread perhaps)
What would most of you all consider enough money to have in your 401K to be considered "meh" enough to squeek by on in retirement, and sstill be able to afford to drive out to the woods occasionally, if your home was already paid off? (I got 10 more yrs for the house to be paid off) which would put me at 65yo.
Due to a couple "do-overs" marriage wise, ended up having a later start on the whole family+house thing than I would have wanted, in terms of putting into a 401K. Trying to make up time ATM by maxxing out deduction on that.
I'm just figuring to try to get to a place where I can essentially hand my son the house at some point, because that'd be one helluva starting point in his life-path trajectory to start from! Figure when he's like ready to settle down, he can finance a renovation to the place to add a 2nd story so he can have his privacy to pursue a mate.
While we'd also also have our privacy too in our own separate part of the home with it's own entrance. So he can come and go as he pleases so we're not "cramping his style" in terms of him bringing home some chic during his "pursuit" years.
With the limited amount of time I've had to think about this stuff. Seemed like best broad general game plan to try to run with.
P.S. Can't wait to see everybodies 401K starting picking up again once we get nimrod out of the WhiteHouse.
Two things about the house.OK so here's a question... (let me know if this is a not-cool thread-jack and I'll start a separate thread perhaps)
What would most of you all consider enough money to have in your 401K to be considered "meh" enough to squeek by on in retirement, and sstill be able to afford to drive out to the woods occasionally, if your home was already paid off? (I got 10 more yrs for the house to be paid off) which would put me at 65yo.
Due to a couple "do-overs" marriage wise, ended up having a later start on the whole family+house thing than I would have wanted, in terms of putting into a 401K. Trying to make up time ATM by maxxing out deduction on that.
I'm just figuring to try to get to a place where I can essentially hand my son the house at some point, because that'd be one helluva starting point in his life-path trajectory to start from! Figure when he's like ready to settle down, he can finance a renovation to the place to add a 2nd story so he can have his privacy to pursue a mate.
While we'd also also have our privacy too in our own separate part of the home with it's own entrance. So he can come and go as he pleases so we're not "cramping his style" in terms of him bringing home some chic during his "pursuit" years.
With the limited amount of time I've had to think about this stuff. Seemed like best broad general game plan to try to run with.
P.S. Can't wait to see everybodies 401K starting picking up again once we get nimrod out of the WhiteHouse.
100% this! My grandparents did this with my father (put it in his name) well before they passed, and it was probably the best thing they ever did for him, financially speaking.Two things about the house.
Adding a second story is stupid expensive compared to adding a second wing off the house. Without knowing what your house looks like.
The other thing is as soon as your house is paid odd I'd look at putting it into a trust or if your son is responsible going ahead and putting it in his name. Reason being if something happened to you and you ended up in a nursing home the gov will try to take the house. Nc can go back 7 years on any "sales or gifts" to family and force you to give it back.
Yeah our home is already in a living trust.Two things about the house.
Adding a second story is stupid expensive compared to adding a second wing off the house. Without knowing what your house looks like.
The other thing is as soon as your house is paid odd I'd look at putting it into a trust or if your son is responsible going ahead and putting it in his name. Reason being if something happened to you and you ended up in a nursing home the gov will try to take the house. Nc can go back 7 years on any "sales or gifts" to family and force you to give it back.