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Has anyone thought of retirement?
Basically people describe retirement as the age of 65 and just staying in your retirement house(maybe somewhere else away from your neighborhood). But has someone thought of it as not working for someone and just running your business without any hassles and enjoying it to the max?If that is retirement I want to retire at 40....and enjoy my daily life, how about you do you see it that way?
Tags: Retirement, business, job, own, work
Replies to This Discussion
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Permalink Reply by Juliana on -
fuck, honestly? i don't save and can't imagine i'll start within the next 5 years.
i don't think about retirement... yet.
pretty irresponsible, i guess, but it suits me just fine.
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Permalink Reply by Shayna on -
Yes, I'm sorry - I don't mean to be rude, but you really should be planning. It doesn't take a lot each paycheck to add up, and the tax advantages lower the out of pocket cost substantially.
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Permalink Reply by Juliana on
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oh dear shayna.. believe me, i know. i'm a bookkeeper :)
but i'm also an instant gratification kind of girl - and i like being this way, despite the fact i may sometimes make things harder for myself.
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Permalink Reply by Shayna on
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Started saving for retirement when I got my first job... If you're not already participating in your company's 401(k) DO IT!
Seriously - your employer is likely to match you, and you're just throwing away money if you don't take advantage of it. And if you start saving in your twenties, it will compound, and grow, so when you get older you will be able to retire...
I'm an accountant, and when I was in public accounting I saw a lot of clients who had waited until they were in their 30s to plan for retirement - or worse, older... the catch up is steep and nearly impossible!!
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Permalink Reply by cooper on -
There are more companies not providing this service these days then providing it though. i read an abysmal statistic recently, and though I can't remember it exactly it was something like... over 60 percent of all people over the age of 55 do no have one red cent put away for retirement. Not a dime.
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Permalink Reply by Tiffani D. on -
Cooper's right...with the economy, some companies have suspended entirely or diminished the amount of contributions they put into their employees.
Seriously, its pretty scary.
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Permalink Reply by cooper on
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No one in my family ever retires, they die.
My parents both plan to do what they love until they die, they just tend to do it wherever they want. I think as long as you are doing what you love there isn't much of a reason to stop. My grandparents on both sides are the same though one set of grandparents is no longer around.
I have an uncle who retired from his medical practice and went nuts golfing, so he had to go back to work part time...
Maybe it's a matter of being lucky enough to be doing what you want from the get go.
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Permalink Reply by leilani on -
i thought you were supposed to start saving when you got your first job? which i have yet to do?
having said that, i know lots of older people that work and dread the thought of not doing so. i feel like my work will be such a big part of my life that i wont want to let it go for 24/7 chilling and martinis.
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Permalink Reply by Peppers on -
I have a 401k and I have always been serious about putting a good percentage into it. Right now I am unemployed. I get what you are saying though-- I don't want to work for the man til 65, just to be on a budget and be miserable. I'd like to have my own business. I tried once and failed. I am in college and working towards a Psych. degree and hope to have my own practice one day. I am bad at business though, but my boyfriend is an entrepreneurship major and he is good at that stuff. I want to enjoy life also, fuck the monday-friday 9-5. Not for me.
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Permalink Reply by Louis Delos Angeles on -
great responses appreciate it. Wow most of you are also in the same field I am. Well why don't we make an allocation of our take home pay and put some on retirement and put some on bills and put some on things that you really wanna spend on. I guess the good times are gone where we can spend our paychecks and still be up an running for the next weeks until the next paycheck. One technique I learned is writing my personal expenses. You know accountants we gather info and analyze it, so why not apply that to our our finances. Did it when I got my first job and everyone knows that first job is just a starting point so we settle for whatever salary an employer will offer. Now every time I remember those days it makes me smile and think how did I survive on the meager salary :)
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Permalink Reply by TheStepster on -
Oh god I want to retire from my job of finding myself a job in the first place.
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