Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Retirement
13-11-2018, 09:52 PM.
Post: #21
RE: Retirement
(10-11-2018, 10:09 PM)Retired@52 Wrote: A Talk on "Managing Your Retirement" on 17th Nov 2018, Saturday, 10am to 12 Noon, organised by “Bless Community Services” Supported by C3A Ageing Well.

Free Admission.

To register, go to this link: 

https://docs.google.com/forms/d/e/1FAIpQLScczhHMfxNaXG0IrlTxzeL9WLvR_-tLJoRow4xGOeKEomzxCg/viewform


This Talk will take place be in One week's time.

Financial Planning covers 7 Areas of Financial matters. 2 of which are Retirement Planning & Investment Planning.
 
This talk will cover 2 areas: Retirement Management & Simple Investing in Retirement.

Find Reply
30-11-2018, 06:48 PM.
Post: #22
RE: Retirement
These people left their jobs behind to retire early — then life got in the way. Here’s how they coped with FIRE plans gone wrong

Maria LaMagna,MarketWatch•November 30, 2018

Gwen Merz, 28, is doing something she thought she’d never have to do again: hunt for a job.

Earlier in her 20s, she set a goal to “retire” from full-time work at age 35, but she later decided to move that date up to 27.

She wasn’t going to “retire” completely, but work flexibly after quitting her job. At that time, she planned to move to Minneapolis to be with her boyfriend. She saved more than $130,000 in a 401(k), about $25,000 in a Roth IRA and kept $20,000 in cash. She also had about $5,000 in a taxable investment account and $10,000 in a health savings account. She also hoped to access a pension she had been entitled to.

To supplement her savings, she planned to rent out a property she purchased. She also co-hosts a podcast, freelances doing content management and sells craft items on an Etsy store.

She took the leap into “financial independence” in March 2017, “ecstatic” to experience her new freedom.

But life had other plans.....

Read more : https://www.marketwatch.com/story/these-...yptr=yahoo

Find Reply
01-12-2018, 11:45 AM.
Post: #23
RE: Retirement
Doesn't look like a lot of money to retire. I wonder what are they thinking. Maybe waiting for inheritance.

.

Just my Diary
corylogics.blogspot.com/



Find Reply
01-12-2018, 12:28 PM.
Post: #24
RE: Retirement
“At the beginning, I had to evaluate the risks,” she said. “I knew the worst-case scenario is that we would break up, I move out and move in with my parents … I was able to do that because I don’t have anybody depending on me. I can take these risks knowing I’m only affecting myself.”

The worse case scenario happened when she broke up from boy friend ".

Find Reply
01-12-2018, 01:21 PM.
Post: #25
RE: Retirement
Good thing to be out of FIRE lifestyle when they are young and still can get a job.

it would a challenge if forced to get job when 60 and older and your skills already obsolete.

I would not encourage people to FIRE when they are less than 40 years. 30-40 years are prime years
for income growth and work and life experiences.

Keep jobs during 40-50 years with an option to fire boss is best. Then progressively spent time on enjoying life while you have the energy.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

Find Reply
01-12-2018, 04:25 PM. (This post was last modified: 01-12-2018, 04:30 PM by dreamybear.)
Post: #26
RE: Retirement
(01-12-2018, 01:21 PM)opmi Wrote: Good thing to be out of FIRE lifestyle when they are young and still can get a job.

it would a challenge if forced to get job when 60 and older and your skills already obsolete.

I would not encourage people to FIRE when they are less than 40 years. 30-40 years are prime years
for income growth and work and life experiences.

Keep jobs during 40-50 years with an option to fire boss is best. Then progressively spent time on enjoying life while you have the energy.

Agree. Shy 

I feel if one wants to live a F.I.R.E. lifestyle, it must be for a purposeful / meaningful purpose/reason(which is subjective), for e.g. taking care of kids when they were young(once you miss the prime bonding stage, you can never get the closeness back again no matter how many millions you spend in the future), or taking care of the aged in their last stage of their lives(coz no more chance already), or maybe once-in-a-lifetime adventure like climbing Mt Everest(where a young physical prime body can make the difference), or maybe struck with unfortunate illness etc.

If one simply wants to FIRE and live a simple life(or enjoy life only), then it may not be wise because SH*T happens in life. Confused

In our first world(or some say almost perfect) city state, I do not forsee cost of living to trend lower. It is always good to work, but with a choice of being in a less demanding job(although earning much less). Afterall, time is money, and health is wealth too !   Big Grin

Find Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
Valuebuddies.com | Return to Top | Lite (Archive) Mode | RSS Syndication | CONTACT US: nas......@valuebuddies.com | | Share Buy-Back | Disclosure of Interest