Your Retirement Savings

if i ever buy a house again it will definitely have a garage or basement apt/ MIL suite of some kind.

i will, of course, live in the basement apt and rent out the house

I would never be a landlord much less of a property further away than next door or downstairs

Gah, no thank you. A rented property that I could see from my window would be anxiety times ten.

Not sure which would be worse, being lessor or lessee.

If my landlord's a big company way across town, I can relax. However, if my landlord lived upstairs or next door, I'd feel watched (no matter how chill the arrangement or how friendly the handshake. Was last weekend's party too loud? Am I doing the right thing with the recycling? Can I have the band over? If so, what time do we need to turn down the amps? Can I paint everything purple? Can I nail up my extensive collection of Scandinavian death metal paraphernalia?

Contrariwise, are the tenants barbecuing an endangered species in the firepit? Are they having a party where they have satanic ritual sex while swinging from the chandeliers? Are they sawing into the floorboards to anti-vampire stakes? What was that noise in the basement just now? Did someone just say "it puts the lotion in the basket"? No matter how many times I told myself to not look into their affairs, it would be hard to just never even cast a passing glance at how they were behaving inside my investment.

you know that if you own a house, you don't have to live in it, you can rent it out? That's the one aspect of "mobility" that is often overlooked in the own vs. rent comparison. In expensive areas, it's often more expensive for a tenant to move than a homeowner to move and keep their house as a rental property.

― sarahell

oh god, yeah, so i could deal with my tenants not making their payments on time and then saying "oh by the way i need my sink replaced, i dropped a toothbrush in it and it broke", fuck you you didn't drop a toothbrush in it you had a drunken party and somebody SAT ON my fucking sink and it collapsed and now i have to spend six months' rent to replace it, no thank you

anywhere that it's attractive to buy a house, you have no idea what that place will look like in 30 years because climate change

anywhere that it's attractive to buy a house, you have no idea what that place will look like in 30 years because climate change

― 龜

having said that most models that don't involve total human extinction have portland coming out fairly well.

Until the cascadia fault slips

the one that's on a presumed 400 to 600 year recurrence cycle and had its last recurrence 300 years ago? compared to new madrid i'm not terribly concerned

hey can we predict nuclear annihilation too & really make this thread a party

jeez guys

Tbh I think climate change is good news for my retirement planning considering it makes it more likely I’ll die prematurely

Lots of unlikely people will suddenly have oceanfront property,

Looking forward to living in the beach, if only for a while

http://www.fantasticalandrewfox.com/wp-content/uploads/2012/01/On-the-Beach-cover2.jpg

Lots of unlikely people will suddenly have oceanfront property,

Looking forward to living in the beach, if only for a while

― I'm walking on Sondheim (Ye Mad Puffin), Sunday, February 11, 2018 6:07 PM (yesterday)

I looked at maps a while back, and if I stay in my current place ... total beach!

Some advice: don't look too closely at what's floating in the water.

Based on the smell of what is currently a lake, this is already my standard practice.

Fortunate to be about the last age group at my company with a guaranteed pension. Subsequent union contracts have eliminated the company-provided pension, while promoting personal responsibility for retirement. Didn't start my IRA until early 30s, against much advice, so am behind the curve to some of my peers, but still ahead of the national curve, I think.

Knock on wood, between personal savings, pension, retirement account w/ company match, and possibly Social Security, I should have enough to keep a SINK with a modest lifestyle set. Health is the big question mark.

certainly moving will make you re-evaluate how much vinyl you want to own

remember, even if you have a pension they can evaporate! Nothing is certain. Especially if the pension is not well funded

I hope to retire selling my valuable CD collection

Automatic thread bump. This poll is closing tomorrow.

Idk more interested in these poll results than most

Poll options not high enough

otrm

Sorry. Guess I assumed most of you were in terrible positions in regards to retirement savings.

i think the people that are in great positions want to distinguish themselves from those who are in merely ok positions ...

Centrists Vs upper middles

I have no idea what position I'm in (not bad? but maybe not good) and figure out what qualifies as good for someone with my income and interests

age is a key factor in "good" -- if i was in my 20s and had what I have saved up, I'd feel pretty good about it, but I'm in my 40s, and so ... not so good.

I'll definitely say that if I hadn't've got in and stuck with my UC position all this time since 1997, it might be looking a little dicier for me to an extent. Knowing I've had an actual pension as a backstop -- and that I'm three years away from being able to claim it if needed, though obviously the longer I stay in the system the more it will be -- takes a load off one's mind. (Also, compared to other pension situations that are indeed looking pretty dicey in general, the UC's is on stabler ground overall -- it's certainly nice to hear that the CalPERS system is on better ground now too, though UC's setup is separate from that.)

I'm kind of hoping, perversely, that the pension plan gets killed and rolled into my 401k or something as a lump sum? Because I think I have to retire from this place to get the pension (or get laid off) and I'd like to quit before then.

Are you fully vested at all?

oh wait, I am behind on reading up on the changes to the plan

ignore previous post, I guess I don't care about that particular thing anymore

just reading this thread title alone gave me anxiety . im out

just reading this thread title alone gave me anxiety . im out

― (•̪●) (carne asada), Tuesday, February 27, 2018 1:19 PM (twenty-four minutes ago) Bookmark Flag Post Permalink

same. don't be a music writer unless you want to completely destroy your future, defined as the span of time after you expire, defined as being older than 25

even pensions can get wiped out if they are not well managed.

the best retirement strategy is probably to go live in a different country - its the new retirement immigration plan!

Dont have to live like a 401k refugee

the best retirement strategy is probably to go live in a different country - its the new retirement immigration plan!

― Rabbit Control (Latham Green), Wednesday, 28 February 2018 6:05 AM (twelve minutes ago) Bookmark Flag Post Permalink

Grand old tradition in this, at least from the UK, soon to be halted by brexit.

I’m planning on retiring to japan as the will have the best aged care robots.

Good point man, the bots will be our bedpans!

until they unionize

yes I have emigrated from my home country in part for retirement reasons (& other social safety network reasons), I recommend it warmly to others

I know people who saved, on their own, hundreds of thousands of dollars, through having a good job, cheap rent and no kids. I am not them. Thank god for 401k (and pension too, tho not really sure what I need to do to get it)

https://www.investopedia.com/articles/retirement/081016/5-reasons-retire-canada.asp

read that as: 5-reasons-retire-canada.asap

Canada is now KNown as NATION FORMERLY KNOWN AS CANADA

Automatic thread bump. This poll's results are now in.

Srsly poll the 47 and pls be srs this time with the numbers

10k to 50k here. i'm gonna live on twigs and berries

Ur young man you'll be sound

Srsly poll the 47 and pls be srs this time with the numbers
― Simpson L. (darraghmac), Wednesday, February 28, 2018 12:09 AM (fifteen hours ago) Bookmark Flag Post Permalink

Not bragging, more of a reflection on growing up lower income, and tilting the other way as a single, no kids guy (I save vs. spend, maybe to a fault). Have been with same company since 23, saving for retirement since 31 or so (starting at 8%, now at 20%), so at $450K in IRA alone. Above water in house, annual pension is secure, and have good emergency savings set aside. Not accounting for Social Security, feels like with my standard of living, I can still retire early.

All comes down to health, really. Could save like crazy, and keel over with it unused. Or could retire, everything crashes or inflates, and I'm penniless. At which point, the Bacon Retirement Plan comes in: one pound of fried pepper bacon per day, until the heart seizes.

Nicely done, no lie. (Except for that final backup plan.)

unless he or she makes it a hit youtube show to annoy a retired whiney

I just plan to die when I run out of money.

I have about 300k in a 401k I was able to save when I worked like a slave at a law firm (I turn 40 next year). But Im a. worried about the hyper stock market bubble exploding and slashing that number in half and b. the rest of my savings/net worth lol dipped below 25k recently after a move and my budgeting didn't include health insurance that I'm not eligible for until mid March.. not in an insane bind but its making me anxious as hell working with less and less of a safety net and being unable to save.