10-04-2024, 09:19 PM | #45 |
Lieutenant
390
Rep 457
Posts |
For those of you who don’t want to retire because you are going to be bored, think very hard and try to figure out how you are going to make that change in the future. Getting older won’t make your life less boring unless you take action and fix it yourself.
|
Appreciate
0
|
10-05-2024, 12:35 AM | #46 |
Lieutenant General
5789
Rep 11,321
Posts |
I retired at the beginning of the year. Have not had enough free time yet to be bored. Too much to do. It’s more of the things I want to do. Maybe it is neglected things and I will catch up and then get bored.
Could have bought my dream car, a 911 Turbo (991.2 or 992), for what I have spent traveling. The memories and experiences are priceless. I have no regrets and will eventually also get that dream car or maybe it will be some EV. |
10-06-2024, 04:15 PM | #47 |
Major General
4906
Rep 5,034
Posts |
If you love your job and it's lucrative it can be tough to leave. I'd probably work for 6 more months if I felt like I could have my dream and not impact my retirement finances. On the flip side I think we all have to start the wind down process at some point. Just make sure the car doesn't get in the way.
But 100%. Work the extra 6mo if you're healthy, active, and mobile.
__________________
|
Appreciate
1
mjj680.50 |
10-06-2024, 08:09 PM | #48 | |
Lieutenant
323
Rep 552
Posts
Drives: F87 M2 DCT, F15 X5
Join Date: Dec 2014
Location: Columbus, Ohio Metropolitan Area
|
Quote:
I’m not making assumptions about you, but this book helped me enjoy life a little more now, and feel comfortable with my future planning, and the unknown. This book might make you feel like you have all the permission you need to enjoy the wealth you built.
__________________
‘18 F87 M2 DCT
'17 F15 X5 xDrive35i M-Sport Sold in 2023 '12 F30 335i 8AT Sport Line Sold in 2020 '08 E92 335xi 6MT Sold in 2016 '08 E90 335i 6MT - FBO Last edited by E90convert; 10-06-2024 at 08:12 PM.. |
|
Appreciate
1
mjj680.50 |
10-06-2024, 10:49 PM | #49 | |
First Lieutenant
681
Rep 361
Posts |
Quote:
|
|
Appreciate
0
|
10-07-2024, 04:28 PM | #50 |
Major
822
Rep 1,044
Posts
Drives: G31 540i; F87 M2 Comp.
Join Date: Sep 2023
Location: NRW
|
Will never understand this mentality.
I am 47 and could just about retire now if I sold my house and moved to the country, and honestly it is really tempting. I will never understand how one could get bored with no job to go to. The system may have taken your soul. |
Appreciate
0
|
10-07-2024, 05:09 PM | #51 |
Colonel
1755
Rep 2,835
Posts |
I had a job where they eliminated the position, gave me a good severance and I didn't look for another job. Eventually about 9 months in a former colleague called and offered me a job (no longer there as he turned out to be a jerk, found another job). For about 6 of the 9 months I had plenty to do, eventually things ran out, my wife still works. I have hobbies, exercise, other things. I like to travel, it's difficult to do that 6 months a year as it gets really expensive. I probably have enough money to retire now but not sure I want to completely retire at my age. I think more likely would be to find I job I like more than my current job, do it part time. Whatever it pays would go to me able to spend extra.
__________________
2006 Z4M Coupe - ZHP knob, stubby antenna, clutch delay delete
|
Appreciate
0
|
10-07-2024, 05:57 PM | #52 |
Lieutenant General
5789
Rep 11,321
Posts |
If you don’t have enough to do, then working part time as suggested above, preferably at something you enjoy or at least tolerate, is a great idea. Brings in some income as well. If you are counting on Social Security, beware that collecting before your SSA retirement age results in a clawback if you earn more than about $20k at your job while collecting SS. After your SSA retirement age, this does not apply.
I have no worries about running out of things to do. My wife has 3 small businesses spread across 4 locations, 2 of which we own. There are always things to do — we have a part time maintenance guy but there is enough additional work to occupy me indefinitely. We have 2 houses that I can tinker around. I have 2 cars to restore. We have traveled a couple of months each if the last 2 years and hope to continue doing so. Also have extended family to spend time with and help. If I was single, I would have kept working. |
Appreciate
0
|
10-11-2024, 09:49 AM | #57 |
Private First Class
4704
Rep 122
Posts |
__________________
“Straight roads are for fast cars, turns are for fast drivers.”
|
10-11-2024, 09:55 AM | #58 |
Brigadier General
6973
Rep 3,296
Posts |
|
Appreciate
0
|
10-11-2024, 11:15 AM | #59 |
First Lieutenant
1370
Rep 391
Posts |
The older (dream) car that I want is the one that I have: a 2008 GT500. It is like a 1960's car in its simplicity, but very reliable, has the ABS, A/C and airbags and is faster/more powerful than anything from the 1960's. Plus, still easy to work on.
I have improved ride height, suspension, wheels/tires, power, clutch and cooling. Then added a head unit with backup camera and CarPlay - done! No frills, scary fast and still comfortable and reliable. I consider it best of both worlds. The newer car that I covet is also in my garage - the 2022 M550i.
__________________
Carbon Black - Debadged|Mocha Nappa|DHP|DAP|Premium Pkg|Luxury Seating|M668 w/ DSW06+
|
Appreciate
1
Efthreeoh19267.00 |
10-11-2024, 03:23 PM | #60 | |
First Lieutenant
681
Rep 361
Posts |
Quote:
|
|
Appreciate
1
DrVenture1370.00 |
10-11-2024, 04:46 PM | #61 |
Colonel
6257
Rep 2,554
Posts |
If it were me, I would work the 4 to 6 months and buy myself the retirement present I deserve.
__________________
Present BMW: 2023 M2 BSM W/Carbon everything, 6 Speed
Past BMWs: 2020 M2C HS Executive, 6 Speed 2017 M3 YMB Executive, 6 Speed, ZCP Everything else: 2024 Wrangler 4Xe 2020 MK 7.5 GTI |
Appreciate
0
|
10-11-2024, 07:03 PM | #62 |
Lieutenant Colonel
2123
Rep 1,893
Posts |
|
Appreciate
1
Jack White336.50 |
10-12-2024, 09:18 AM | #63 |
Lieutenant Colonel
1134
Rep 1,520
Posts
Drives: 2012 e92 M3 DCT ZCP
Join Date: Oct 2010
Location: Michigan
|
No brainer, work 4 more months, work 6 more, quit now and eat ramen the rest of your life. You only live once. Seriously, worst case you sell it later and likely get what you paid, maybe more. |
Appreciate
0
|
10-16-2024, 02:43 PM | #65 |
Captain
380
Rep 612
Posts
Drives: 2022 M850i Xdrive GC
Join Date: May 2020
Location: Champlin MN
|
I have seen a lot of posts regarding this and what or what not to do. Ultimately it is the OPS decision, but I did not see one post in regards to what the OP said about his retirement situation with his CEO. It sounds like you have a great working relationship with your CEO and you want to retire at the same time. if working the extra 4-6 months will get you into your dream car should you do it? ABSOLUTELY! 4-6 extra months is nothing. It sounds like the OP has no debt, meaning everything is all paid off already so you would just have this car payment and other ancillary taxes that you have to pay. Let's imagine this car has a $225k price tag. Now please do not beat me up on these numbers. The national avg. rate from Autotrader is 6.89% APR. That would be roughly $3,840 per month. Assuming you have no house payment or car payments would this be doable? All signs point to yes for me. As long as you can afford it and there is little impact to your retirement, why not?
I also didn't take into consideration the OP would probably just be paying for the car out of his retirement and would not have a monthly payment, but I didn't want to assume.
__________________
2022 M850i Xdrive Gran Coupe (Twilight Purple) | 2019 Audi RS5 Sportback (Navarra Blue) | 2021 Audi S4 (Quantum Gray) | 2018 BMW M5 (Singapore Gray) | 2019 Audi RS5 (Mythos Black) | 2020 X3M Comp (Black Sapphire) | 2019 Audi RS3 (Mythos Black) | (2018 STi Type RA (Black) #391/500) | (2018 Audi RS3 Nardo Gray) | 2015 STi Base (Black) | (2013 WRX Base (Black)
|
Appreciate
0
|
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|