- #1
wolram
Gold Member
Dearly Missed
- 4,446
- 558
What do you intend to do when you retire?
I already have. I'm teaching myself some physics!wolram said:What do you intend to do when you retire?
wolram said:What do you intend to do when you retire?
wolram said:I work for a charity 2 days a week the rest of my time is either spent on PFs or twiddling my thumbs, i hate TV and my legs are not too good so i am stuck at home
More than I have time for. You name it.wolram said:What do you intend to do when you retire?
Doug Huffman said:I ride 'bicycle' (ICE Trike Sprint 26), study most what ever I wish, keep an immaculate house (cabin/cottage), enjoy my community, travel, read voluminously, struggle with six acres of second growth woods. I do not have a television receiver, but stream what I want from the web.
https://encrypted.google.com/search...S2ogSJhYCYDA&ved=0CAcQ_AUoAQ&biw=1030&bih=609wolram said:Sounds idylic Doug
nuuskur said:Be consumed by dementia.
Your father is wise.DaveC426913 said:My father has been retired for almost 30 years. He has one sage piece of advice:
Make sure you have something to retire to. (i.e. Don't just stop working and think the rest of your days will be filled with sunshine and fresh air and a crossword puzzle.)
I have a friend whose husband stopped working and now he has no desire to do anything but sit in front of the TV and drink and wait to die. She has come around the same mind as he: 'hurry up and die so I can get on with my life.'
lisab said:You don't want to regularly find yourself at 2 in the afternoon, still in your pajamas.
No doubt, you'll never run out of things to keep you busy.lisab said:my husband and I live on a farm that has not been active in years. We're working to get it going again.
The ideal age to start planning for retirement is as early as possible. It is recommended to start in your 20s or 30s, but it is never too late to begin. The earlier you start, the more time you have to save and invest, allowing for a more comfortable and secure retirement.
The amount of money you need to save for retirement depends on your individual income, lifestyle, and desired retirement lifestyle. A general rule of thumb is to save at least 10-15% of your income each year, but it is best to consult a financial advisor for a personalized plan.
Some retirement planning strategies to consider include diversifying your investments, maximizing contributions to retirement accounts, creating a budget and sticking to it, and considering long-term care insurance. It is also important to regularly review and adjust your plan as needed.
To estimate your retirement expenses, you can start by looking at your current expenses and considering how they may change in retirement. You should also account for potential healthcare costs, travel, and any other leisure activities you may want to pursue. It is also helpful to consult with a financial advisor for a more accurate estimate.
Some potential risks to consider when planning for retirement include inflation, market volatility, unexpected healthcare costs, and longevity. It is important to have a diversified retirement portfolio and to regularly review and adjust your plan to mitigate these risks.