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Retiring

Discussion in 'General Discussion' started by Profreedomokie, Dec 12, 2019.

  1. CGS1

    CGS1 I'm Retired, Do It Yourself.

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    I RETIRED 4 Years ago. Its GREAT.
    DO WHAT I WANT WHEN I WANT. TRAVEL AND DONT HAVE TO WORRY ABOUT HOW LONG YOU STAY(No job to get back to). GREAT.

    Enjoy your retirement.
     
    dennishoddy likes this.
  2. okietool

    okietool Sharpshooter

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    It will be different.
     
  3. 264killer

    264killer Sharpshooter

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    Retired at 58 now 78 . busy most of the time. hardly know how I ever had time for a job. Stay occupied .I know several guys who just sat around have passed away
     
    dennishoddy likes this.
  4. Neckbeard

    Neckbeard Ammo For Sale

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    Congratulations. Mine is so far a way I try not to think about it.
     
    kroberts2131 likes this.
  5. Jcann

    Jcann Sharpshooter

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    I retired at 54 years old on a Friday and started a new/old career on Monday.
     
  6. 1911master

    1911master Sharpshooter

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    Congrats! I am 22 months away and so ready.
     
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  7. AKmoose

    AKmoose Sharpshooter

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    Congratulations! Hopefully a year from now I'll be joining you.
     
    druryj likes this.
  8. kirk1978

    kirk1978 Sharpshooter

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    Congrats!!! I could retire then also if my wife would get a 2nd job, she seems to be selfish and wont get that job so I guess I have another 20 years.
     
    Jwryan84, dennishoddy and Neckbeard like this.
  9. Big50

    Big50 Sharpshooter

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    Whats a good number $ for a person that wants out at 58? I'm talking net after tax.
     
  10. Aries

    Aries Sharpshooter

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    I'm not sure that can be answered without info about your lifestyle, obligations, how much you need per month to live on, etc.

    Articles I read said you need 10 times your annual income in savings, but I think they were based on a little higher retirement age. But at 58 I'd think that would be a minimum, and probably a little more than 10x. Unless of course you have some other source(s) of income.

    If that's what we'd had though, I would have waited to retire.

    I think Edward Jones, Fidelity, and probably other investment firms will talk to you about your personal situation, and give you some advice. Our 401K has always been with Fidelity, but we talked to an EJ guy a couple of years before we retired, too.
     

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