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I'm just curious as this topic has been popping up a lot lately. My personal plan is I want to buy a good size plot of land in the U P here in Michigan and turn it into a homestead. I've had this dream for years now and I feel like my job has a decent chance of providing me with the means of making that goal happen. Pretty simple for most I'm sure but the idea of doing this just puts my soul at ease.


How about the rest of you?

I'm still too young to have solid retirement plans, and I personally think I'd die before then. I guess in the case where I do retire I would want to create my own senior citizen motorcycle gang where we would rob Shopper's Drugs Mart's for adult diapers and pills. Then our motorcycle clubhouse would be a series of laminated cardboard houses connected and stacked together, though we'd have to use lots of quilted toilet paper for insulation during the winter.

I've my plot of land and house. Now working on property in Thailand to expand my retirement funds and travel leeway

Not bad at 44 eh

By the time I reach retirement age, retirement age will have gone up to where I have to work until I'm dead.

Until then, I'm thinking maybe a small-ish house/cottage type thing in either Brazil (my wife's Brazilian) or in Portugal/the mediterranean somewhere.
Hopefully, by then we'll be able to sell our house for enough profit (I bought it fairly bare-bones and have already put in significant dosh to upgrade lots of essentials and not-so-essentials) to buy this and have a tidy sum left-over to augment my pension and the investment thingy I have set up that will pay out upon my death or retirement whichever comes first.

Hope I live to get there. With the way the world is turning I'm just not so sure anymore.

Assuming I do get there. Probably play a lot of Games and watch a lot of movies or whatever equivalent exists in 2062

No plans, don't expect to get very far.

I'm a farmer. We don't really retire just work till you can't do it anymore! I do have a pension and have a few houses I rent out. The pension is pretty awful. Like most farmers I'm asset rich but the cash don't match!

Still got about 30 years to go, but for now, just live and die in our house seeing our children prosper.

Hope that I manage to finish my PhD, and that whatever is left to me from my Family's Estate will be enough to Freeze me when I die.

MB

I plan...to have a plan.

Being 24 and 3 months into a new job, I was just signed up to the mandatory national British workplace pension scheme last week. My total pension contributions to date are £5 at most.

I have a pension and annuity, and considering I started paying into my pension at as early an age as I could, I should get a pretty decent check every month after I retire in a little less than 30 years.

I have yet to finish school, let alone think about what happens when I am fossilised enough to quit working.
Besides, the Dutch government now wants its people to work until they drop dead, so they are constantly raising the retirement age. By the time I am old and wrinkly retirement will probably be a distant memory from an era long gone.

Something for all of you young people to think about.

It is likely that by 2040, a great many of the problems of aging will be solved (this is not to say all, though).

Dr. Ted Berger, at USC, for example, has created a working Prosthetic Hippocampus that can correct for Alzheimers. There are more than a few obstacles to getting into use, but one of those obstacles (the creation of a workable Neuron-Silicon interface) will allow for pretty much ANY organ prosthetic to be built (as this is THE engineering problem standing in the way of nearly every computational biology - Cybernetic - solution to most biological problems associated with either biological optimization or effects of aging).

So... While you will be likely working until your 80's, your savings will be much higher.

There remain other issues that need to be addressed in the mean time, though, surrounding issues of work, employment, and the structure of society that will likely be encountered before that time, though.

High-Level AI (which need not be Human level) is likely to put 90%+ of the workforce out of a job. That is going to produce a significant challenge for how to even have an economy when no one is capable of buying anything (with our current model).

Retirement may be the least of our worries.

MB

Probably a lot of it will be comprised of selling my house that i bought at the trough of the housing market implosion for a substantial profit in about 30 years. In the 3 years i've owned it, its gained about 50k in value, which isn't bad at all. I live in a very highly desirable and relatively hard to buy in at community for middle class (the amount of houses under 400k that are available are extremely small and go like wildfire... most of it is because of compulsory land required in lot size, but my lot is grandfathered due to bordering partially on conservation land. THe border of which is actually a river, so there's no "oh gak, EPA" implications.

So as long as there isn't another mega housing implosion, i'm situated well to ... well, do well... on that real estate investment. I'm situated between Providence and Boston, which is a really good place to be. You can catch the train with a 10 minute ride from my house to boston, and its a 15 minute drive into providence.


I have under-contributed to my 401k, a fact which i'm just starting to rectify now. Chalk it up to a mispent young-adulthood and a short, but critically bad timed stint of unemployment during the great recession of less than 1 year. What investments i do have all have done very well, so i plan to seriously ramp up my contributions to them. I sometimes wonder if it wasn't a blessing in disguise that i had to drain some of my investments prior to the stock market really melting on a short term basis ; i know people that stood the course and they bounced back and then some. I also know people that lost ... a lot. Their investments folded or disintegrated and never bounced back. I guess i'll never know honestly.

Past that... not sure. I'm in my mid thirties so its really somethign i need to get serious about post-haste unless i want to be working into my seventies.


Ultimately, we'll move from the ridiculously expensive north probably somewhere with a much lower cost of living.


I'm very lucky that I make a really good living with incredible benefits at my job for my age and for what i do. My Sig / Oth. also has a great job too. Those things can change, of course, but i'd rate my security right now as "very high", and hers "high-ish". Provided there isn't another 911-type event to just throw market and world economy forecasts into utter turmoil, my company's industry is projected for 6 straight years of growth before seeing a typical correction dip, and a minor one at that. As i've been with my company 5 and a half years and have more than doubled my yearly salary since then and been promoted 3 times, and i'm up for another one relatively soon (this one will mean i'll have more than 1 direct report, which is cool) - things are looking good on the job and compensation front.

I'm going to steal from Frazzled and try not to get caught. Seems like a solid business plan so I am sticking with it.

 Ahtman wrote:
I'm going to steal from Frazzled and try not to get caught. Seems like a solid business plan so I am sticking with it.

We'll say a fitting benediction for you once Weiner Dog is finished having his way with you.

*pours one for Ahtman*

I am planning on using the money I gain from selling my Adult toys and donkey farm business to fund a small army of central and south American natives. After a 9 month rigorous training regime I was planning on launching an invasion of Venezuela. After that probably just live a life of luxury as dictator for life of new Ireland, (Formerly the Country of Venezuela).

We've done a bit already, but in the next 15 years we're hoping to add another property, we've talked about two more but that's probably not going to happen, and then look to build a stock portfolio. Aiming to retire about 60.

 Ahtman wrote:
I'm going to steal from Frazzled and try not to get caught. Seems like a solid business plan so I am sticking with it.

What can you get for a weiner dog on the black market these days?

 Ghazkuul wrote:
I am planning on using the money I gain from selling my Adult toys and donkey farm business to fund a small army of central and south American natives. After a 9 month rigorous training regime I was planning on launching an invasion of Venezuela. After that probably just live a life of luxury as dictator for life of new Ireland, (Formerly the Country of Venezuela).

Your lining up for Belize and not knowing it

I've got two houses, a 401k, a Roth IRA, and additional investments right now. My wife is in a similar situation.

You should start investing as soon as you can! The power of compounding interest is real!

Should be pretty set up, when retirement comes around.

 Jihadin wrote:

 Ghazkuul wrote:
I am planning on using the money I gain from selling my Adult toys and donkey farm business to fund a small army of central and south American natives. After a 9 month rigorous training regime I was planning on launching an invasion of Venezuela. After that probably just live a life of luxury as dictator for life of new Ireland, (Formerly the Country of Venezuela).

Your lining up for Belize and not knowing it

To hell with it, were going to invade Canada instead. At least then we can remove the threat of Canadian Moose from the northern border

They will "Do or Die" protecting there strategic maple syrup reserves.

I'm 27, I have no plans right now. The way I see it, there probably won't be any type of retirement when I reach the required age.

I have no plan. Retirement wont exist in South Australia because jobs wont exist. Within the next decade, I expect where I live to become a ghetto. Northern suburbs of Adelaide already are 2nd or 3rd nationwide for youth unemployment (people under 25) and the state economy is about to die with the shutting of Holdens and mines laying people off.

Bran Dawri wrote:
By the time I reach retirement age, retirement age will have gone up to where I have to work until I'm dead.

That's largely my position too. I'll have the house paid off by the time I get to 60 (maybe as early as 50 if I really push at it), which will be comfortable enough, and then our outgoings should be able to drop to fit our pensions. We'll try and get some travelling in first and then get some proper hobby time.

gosh... my day started soso... and now i feel really depressed after reading you lots ideas and fears...(read...too much of these fears are my own...)

 Ghazkuul wrote:

 Jihadin wrote:

 Ghazkuul wrote:
I am planning on using the money I gain from selling my Adult toys and donkey farm business to fund a small army of central and south American natives. After a 9 month rigorous training regime I was planning on launching an invasion of Venezuela. After that probably just live a life of luxury as dictator for life of new Ireland, (Formerly the Country of Venezuela).

Your lining up for Belize and not knowing it

To hell with it, were going to invade Canada instead. At least then we can remove the threat of Canadian Moose from the northern border

Bad idea! Why would we want to poke the sleeping, polite giant that is also the only country to have incinerated the White House?

As a pair of teachers with a pair of kids, my wife and I haven't had much to spare for retirement as of yet. We're both on a pension plan, and will have paid off our house by the time retirement rolls around. Beyond that, we're in the process of creating new revenue streams, and growing businesses we can do comfortably while retired. For my wife, that's commissioned embroidery work from monograms to masks and for myself, that's writing stories.

 KingCracker wrote:
I'm just curious as this topic has been popping up a lot lately. My personal plan is I want to buy a good size plot of land in the U P here in Michigan and turn it into a homestead. I've had this dream for years now and I feel like my job has a decent chance of providing me with the means of making that goal happen. Pretty simple for most I'm sure but the idea of doing this just puts my soul at ease.


How about the rest of you?

seven words: get away van driven by a monkey

 Frazzled wrote:

 KingCracker wrote:
I'm just curious as this topic has been popping up a lot lately. My personal plan is I want to buy a good size plot of land in the U P here in Michigan and turn it into a homestead. I've had this dream for years now and I feel like my job has a decent chance of providing me with the means of making that goal happen. Pretty simple for most I'm sure but the idea of doing this just puts my soul at ease.


How about the rest of you?

seven words: get away van driven by a monkey

Been done

NSFW visual of a Classic Movie


NSFW video of said monkey in Classic Movie


No monkey were hurt filming the movie

I'm putting money away in my 401k, review my investment plans every quarter and adjust as needed. I've avoided a few major losses by keeping my eyes on it. My company also has a good pension plan, so I should be set. All of the baby boomers will kill my chances at social security, so I'm not counting on that. Just die already!

I watch it, but try not to worry about it. I have another 20 years to go.