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www.eInvesting.com Forum Index » Saving Money

What's your target age for retirement?


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bigdave
PostPosted: Wed Nov 30, 2005 11:33 am Post subject: Reply with quote

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My wish target is 35 my realistic target is 40 -- early 40's
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poornewb
PostPosted: Tue Dec 06, 2005 5:17 pm Post subject: Reply with quote

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Out the door at 54!! If my stupid company doesnt cut its pension plan! We just got a company e-mail today that they are cutting the management and non-union pensions OFF What you have at the end of this year is what you get.
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Im Not Warren Buffett
PostPosted: Tue Dec 06, 2005 6:55 pm Post subject: Reply with quote

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I think thats going to become a more common trait among corporations... the day of the company funded pension has passed. Everyone sees how high legacy costs can be, and now they are going to pass retirement saving solely to their employees. Good thing you're here I guess.
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poornewb
PostPosted: Tue Dec 06, 2005 6:58 pm Post subject: Reply with quote

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Well the 54 shot is just using my 401k which the calculators that they have on line to see if your on target show I am but, I was hoping to live high on the hog with 401k and then a pension to boot! Who needs social security?
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Im Not Warren Buffett
PostPosted: Tue Dec 06, 2005 7:18 pm Post subject: Reply with quote

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If you can retire at 54 and live off your savings thats fantastic - I hope you enjoy yourself. I'm much younger than you and I'm not counting on getting anything from Social Security (not that its much to begin with), and would take anything I got from it as a bonus (this considering I'll probably pay in much more than I get out).
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stockmarkettips
PostPosted: Tue Dec 06, 2005 7:47 pm Post subject: Reply with quote

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The earlier the better. I'd love to be able to retire tomorrow if I could. I take things day by day. I live quite humbly and I'm very thrifty and frugal. I'd like to move to someplace where the land is cheap and retire with as little as $200,000. If I can buy a home and just have property taxes to pay, I should be able to live off my stock market portfolio winnings. I think I can rely on at least 5% which would be enough to live the way I live.
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frusnak
PostPosted: Wed Dec 07, 2005 12:06 am Post subject: Reply with quote

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To all the young people here...put your money in company backed 401k plan, roth IRA, buy a nice homeand pay it off asap, burn your credit cards Very Happy
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stockmarkettips
PostPosted: Wed Dec 07, 2005 7:38 pm Post subject: Reply with quote

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Now, that's a refreshing bit of sound wisdom. It's good to see someone else here with some good sense. If only some of the young people would actually chime in and say that they agree I would say that we have some smart kids here on the forum. Smile
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vetelmo
PostPosted: Thu Dec 08, 2005 5:19 am Post subject: Reply with quote

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Im 34 and I will retire at 50. No if ands or buts.
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rodder4hire
PostPosted: Mon Dec 12, 2005 7:09 am Post subject: Reply with quote

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I'm 37 and love to work and can't imagine I'll EVER completely retire - just cut back and futz around a bit slower.
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hotsauce1
PostPosted: Mon Dec 12, 2005 7:32 am Post subject: Reply with quote

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when im like in my 50's
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raspberry24
PostPosted: Mon Dec 12, 2005 12:44 pm Post subject: Reply with quote

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I think I can retire around 55. I am a teacher so they try to get us out early so they can pay new teachers alot less.
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frusnak
PostPosted: Mon Dec 12, 2005 12:49 pm Post subject: Reply with quote

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raspberry24 wrote:
I think I can retire around 55. I am a teacher so they try to get us out early so they can pay new teachers alot less.

Very noble career, thanks for your efforts! Very Happy
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raspberry24
PostPosted: Mon Dec 12, 2005 12:58 pm Post subject: Reply with quote

Member of the Month
May
Member of the Month<br>May

Joined: 06 Feb 2005

Posts: 105
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Location: Illinois
12354.55 e$

Net worth: 112,145.50
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Thanks.. I can't wait until holiday break. 4 more days!
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