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Post by Reagan on Oct 27, 2018 20:51:44 GMT -6
You won’t be spending the winter down south if you have a grand baby coming. No need for a house there. Just take her on a trip now and then.
Keep the hunting place for your place to escape.
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Post by Sandbur on Oct 28, 2018 3:25:16 GMT -6
You won’t be spending the winter down south if you have a grand baby coming. No need for a house there. Just take her on a trip now and then. Keep the hunting place for your place to escape. And to take the grand baby on a worthwhile hunt... unless we can shift some DNR people to Missouri. |
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Post by Freeborn on Oct 28, 2018 4:15:02 GMT -6
Keep in mind you theoretically won't be saving for the future and instead will be spending down your assets. Unless you are living for your children and plan on giving them everything.
You will not be contributing to SS, 401K or other retirement investment.
Tom, is that 30% strictly operating expenses or do you make payments on anything?
3 houses would be allot of fixed costs, 2 is plenty. This is one of the reasons I have kept my hunting property simple.
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Post by Foggy on Oct 28, 2018 9:37:16 GMT -6
Keep in mind you theoretically won't be saving for the future and instead will be spending down your assets. Unless you are living for your children and plan on giving them everything. You will not be contributing to SS, 401K or other retirement investment. Tom, is that 30% strictly operating expenses or do you make payments on anything? 3 houses would be allot of fixed costs, 2 is plenty. This is one of the reasons I have kept my hunting property simple. My wife and I discussed this 30% number I threw out. She thought it could be more than that. But I have been retired for over 15 years now....and prices have gone up somewhat too. Still we go out to eat with friends allot. The prices have gone up allot for this stuff.....and it seems we go to somewhat fancier places over time. I'd say the 30% could be on the low side. I'm not sure how much inflation has contributed. Then too we pay for allot of services I used to do myself.....like taking our dock and lifts in and out of the water, winter storage, home repairs, even lawn mowing (while I play golf)....grin.  . It's different these days for me. Lots of this stuff I cannot do.....or may wreck my back when I do it.....so it's not worth it. We have contributed to our kids/grandkids future some.....but that does not factor into what we do. I think they will be fine with what they are doing and with our "residual" when were gone. Now, at my age, I (finally) don't worry about outspending my nest-egg. Likely be hard to do. Truthfully.....most of us old codgers just worry about replacement parts, staying in shape, and how long our golf game will hold out.....lol. (and we worry about the demise of the America we knew....and the future of our families in the "new" America). Big changes over the last ten years in ability to do things...from a health standpoint. |
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Post by sd51555 on Oct 28, 2018 11:19:33 GMT -6
Keep in mind you theoretically won't be saving for the future and instead will be spending down your assets. Unless you are living for your children and plan on giving them everything. You will not be contributing to SS, 401K or other retirement investment. Tom, is that 30% strictly operating expenses or do you make payments on anything? 3 houses would be allot of fixed costs, 2 is plenty. This is one of the reasons I have kept my hunting property simple. My wife and I discussed this 30% number I threw out. She thought it could be more than that. But I have been retired for over 15 years now....and prices have gone up somewhat too. Still we go out to eat with friends allot. The prices have gone up allot for this stuff.....and it seems we go to somewhat fancier places over time. I'd say the 30% could be on the low side. I'm not sure how much inflation has contributed. Like outsourcing your electricity needs? |
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Post by Foggy on Oct 28, 2018 11:28:08 GMT -6
^ Touchy! GRIN. Funny how different Electric Companies treat their customers. I have Crow Wing Power......and we pretty much pay the minimum each month. I think its $11. Once in a while it does get more.....when I do allot of welding or if I'm heating our little cabin in November.....the bill may go to $35 or so. It's no big deal for us.....but I see how it could get expensive given your scenario. Too bad for you. (seriously).  . I do like to plug stuff in and git'er done.  . |
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Post by MoBuckChaser on Oct 28, 2018 17:29:59 GMT -6
Keep in mind you theoretically won't be saving for the future and instead will be spending down your assets. Unless you are living for your children and plan on giving them everything. You will not be contributing to SS, 401K or other retirement investment. Tom, is that 30% strictly operating expenses or do you make payments on anything? 3 houses would be allot of fixed costs, 2 is plenty. This is one of the reasons I have kept my hunting property simple. Right now both places are paid for and we are not big spenders. Takes about 60K a year to live with driving down here and back plus upkeep. If we did buy a place down there we would pay for that one as well. Just wondering what a guy would have to add a year to live with that 3rd place. another 25K? More? |
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Post by Foggy on Oct 29, 2018 15:36:00 GMT -6
The investment advisor I use bought a few stocks for me today. Amazon is 25% discount to its high......and Analog devices is 20% discount with a fair yield. We added some to current positions.
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Post by sd51555 on Oct 29, 2018 19:04:49 GMT -6
The investment advisor I use bought a few stocks for me today. Amazon is 25% discount to its high......and Analog devices is 20% discount with a fair yield. We added some to current positions.   |
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Post by mnfish on Oct 29, 2018 20:35:27 GMT -6
These are some of the most exciting times in the market and the best, reduced risk, money making opportunities. Yum, yum!
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Post by MoBuckChaser on Oct 29, 2018 20:48:44 GMT -6
You don't win or lose if you just hold.....
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Post by Foggy on Oct 29, 2018 22:33:20 GMT -6
^. Yeah.....nearly two years ago......my advisor starting taking some profits and building a cash position in preparation for a pull back. So over time he had accumulated a pretty fair amount of cash to do some buying when the right time came. For nearly a year.....I figured he had missed the mark on this plan......and likely they were too early to go to cash.....as they expected that Donald may not pull off the turn-around in the markets that he has. Thus.....I missed out on a bit of the run-up......but hopefully the recent purchases will be fruitful. Who knows? Timing the markets is difficult for anyone....even the pro's. That is why they only take small risks in this area.
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Post by Bwoods11 on Oct 30, 2018 13:40:00 GMT -6
Under Armour stock up 26% today...which makes my day since I own it...meanwhile Nike Stock and Colin K are now down $8 since they used him on a commercial!
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Post by MoBuckChaser on Dec 6, 2018 7:55:11 GMT -6
How accurate do you think this chart is on how long a million will last in retirement?
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Post by sd51555 on Dec 6, 2018 8:08:25 GMT -6
How accurate do you think this chart is on how long a million will last in retirement?
How many electricity bills are you assuming? |
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. It's different these days for me. Lots of this stuff I cannot do.....or may wreck my back when I do it.....so it's not worth it. 
. I do like to plug stuff in and git'er done. 
. 
