Recent Topics
question about kendall and schaeffer 15w40
by thejudges69. 12/10/18 09:39 PM
Apparently we made it on Amsoil?
by Marco620. 12/10/18 09:39 PM
Slight rust inside Carquest 85522
by A_User55555. 12/10/18 09:03 PM
Which AA battery brand is best?
by StevieC. 12/10/18 08:41 PM
HVAC-Evaporator Coil Question
by dkryan. 12/10/18 08:26 PM
EBAY $10 off $30 Members only
by Capt. 12/10/18 08:15 PM
Ran My First Full Road Marathon - Race Report!
by john_pifer. 12/10/18 07:33 PM
Atlas Pinnacle Pristine shingles
by gregk24. 12/10/18 07:24 PM
CZ-97B Warped Plastic Recoil Spring Guide Rod
by billt460. 12/10/18 07:19 PM
to buy or not to buy
by briggyman. 12/10/18 07:09 PM
Strange tire failure - w picture
by Cressida. 12/10/18 06:10 PM
Looking for a budget steam cleaner
by 2008wrx. 12/10/18 05:04 PM
3.3 V-6 in 2017-18 Santa Fe engine concerns?
by blupupher. 12/10/18 05:00 PM
(NEW) NAPA ProSelect 21060 Cut Open
by rooflessVW. 12/10/18 04:19 PM
True or false
by 53' Stude. 12/10/18 04:15 PM
First repair on Jeep
by OVERKILL. 12/10/18 03:06 PM
Eureka vacuum beater bar
by Donald. 12/10/18 03:04 PM
Talk about keeping ones lungs clear
by BMWTurboDzl. 12/10/18 01:50 PM
Newest Members
ScvttH, Capt, Maputocar, ESTEBAN, Torch94
66645 Registered Users
Who's Online Now
106 registered members (69Torino, AndyB, 2003f7, 69GTX, 4WD, 8 invisible), 1,677 guests, and 40 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Forums67
Topics294,899
Posts4,923,903
Members66,645
Most Online2,553
Oct 27th, 2018
Donate to BITOG
Previous Thread
Next Thread
Print Thread
Hop To
Page 1 of 5 1 2 5
What retirement strategy other than SS? #4637451
01/17/18 07:47 AM
01/17/18 07:47 AM
Joined: Mar 2008
Posts: 6,129
Michigan
ZZman Offline OP
ZZman  Offline OP
Joined: Mar 2008
Posts: 6,129
Michigan
What retirement strategies do you use other than expecting SS in the future?
Stocks? Bonds? 401k, Roth? Pension? Real estate/income properties? , rich parents? etc..

I am one of the lucky few to still get a pension. That is it for me.

Last edited by ZZman; 01/17/18 07:47 AM.

2003 Mercury Grand Marquis. PP HM 5w-30 and Fram Ultra
2008 Sebring Hardtop convertible. PP HM 5w-30 and Fram Ultra
2006 Kawasaki Vulcan 900 LT. Motul 7100 10w-40 and K&N
Re: What retirement strategy other than SS? [Re: ZZman] #4637452
01/17/18 07:47 AM
01/17/18 07:47 AM
Joined: Sep 2004
Posts: 21,921
Orlando, FL
Mr Nice Offline
Mr Nice  Offline
Joined: Sep 2004
Posts: 21,921
Orlando, FL
Me:
Company pension
Voluntary pension
401K
IRA
Brokerage account


Wife:
Company pension
Voluntary pension
401K
IRA
Brokerage account
Military pension - Air Force Reserve Major


We never include the value of house in our retirement picture...



Re: What retirement strategy other than SS? [Re: ZZman] #4637456
01/17/18 07:50 AM
01/17/18 07:50 AM
Joined: Jun 2015
Posts: 4,404
New England
Virtus_Probi Offline
Virtus_Probi  Offline
Joined: Jun 2015
Posts: 4,404
New England
We have 401ks, Roth IRAs, annuities, real estate, and brokerage accounts.
The real estate is probably going to be a terrible investment for us, but it's property we enjoy that will, hopefully, be worth something when we finally sell it. I thought it would be a good place to retire, but the wife is dead set against that.
Pension was never going to be an option for me.

EDIT - my wife might get a modest inheritance, but I hope all that money goes to others in her family that will really need it (single mom and single dad among them).

Last edited by Virtus_Probi; 01/17/18 07:52 AM.

2014 Forester XT, 90000 miles
Last Change;
M1 5W30 d1G2
Tokyo Roki 15208AA170 filter
Re: What retirement strategy other than SS? [Re: Mr Nice] #4637461
01/17/18 07:53 AM
01/17/18 07:53 AM
Joined: Mar 2008
Posts: 6,129
Michigan
ZZman Offline OP
ZZman  Offline OP
Joined: Mar 2008
Posts: 6,129
Michigan
Originally Posted By: Mr Nice
Me:
Company pension
Voluntary pension
401K
IRA
Brokerage account


Wife:
Company pension
Voluntary pension
401K
IRA
Brokerage account
Military pension - retired Air Force Reserve Major



Nice!


2003 Mercury Grand Marquis. PP HM 5w-30 and Fram Ultra
2008 Sebring Hardtop convertible. PP HM 5w-30 and Fram Ultra
2006 Kawasaki Vulcan 900 LT. Motul 7100 10w-40 and K&N
Re: What retirement strategy other than SS? [Re: ZZman] #4637470
01/17/18 08:01 AM
01/17/18 08:01 AM
Joined: Mar 2004
Posts: 21,094
Upstate NY
Donald Offline
Donald  Offline
Joined: Mar 2004
Posts: 21,094
Upstate NY
Well one of my retirement strategies is I am still working at 64+. And getting company pension. Will pick up another small company pension when I am 65.

Wife will have state employee pension.

SSA

house will hopefully be paid off.


2015 Subaru Forester 2.5 engine/CVT
2015 Ford F250 w/Powerstroke
2016 Subaru Crosstrek CVT (wife's)
Re: What retirement strategy other than SS? [Re: ZZman] #4637488
01/17/18 08:31 AM
01/17/18 08:31 AM
Joined: Aug 2011
Posts: 2,083
Lakeside, CA
Blkstanger Offline
Blkstanger  Offline
Joined: Aug 2011
Posts: 2,083
Lakeside, CA
Company pension, 401k, SS, Work till I die.


99 Jeep WJ 4.7 192,000 Maxlife 10w30, Fram Ultra.
Re: What retirement strategy other than SS? [Re: ZZman] #4637494
01/17/18 08:37 AM
01/17/18 08:37 AM
Joined: Jan 2009
Posts: 2,469
wi
dave123 Offline
dave123  Offline
Joined: Jan 2009
Posts: 2,469
wi
Sugar Ma Ma

Re: What retirement strategy other than SS? [Re: ZZman] #4637496
01/17/18 08:38 AM
01/17/18 08:38 AM
Joined: Dec 2012
Posts: 1,901
WNY
redhat Offline
redhat  Offline
Joined: Dec 2012
Posts: 1,901
WNY
I am 26 years old with a generous 401k plan. My employer's match is unbelievable. Besides that... savings account that keeps working.

I have thought a lot lately about different retirement strategies. I have no idea on what IRAs are and the differences, but would like to set one up. Any suggestions?


17 Taurus Limited AWD - Dealer Fill of MCSB 5W-20 FL500S, 15k
14 Civic EX Coupe - NAPA Syn 0W-20 TG7317, 64k
09 Accord Sedan 5MT - Traveler 15W-40 XG7317, 151k
87 Regal Limited - 20W-50 VR1 WIX 51042
Re: What retirement strategy other than SS? [Re: ZZman] #4637498
01/17/18 08:41 AM
01/17/18 08:41 AM
Joined: May 2015
Posts: 2,008
America
Alfred_B Offline
Alfred_B  Offline
Joined: May 2015
Posts: 2,008
America
Early death.

Re: What retirement strategy other than SS? [Re: ZZman] #4637508
01/17/18 08:56 AM
01/17/18 08:56 AM
Joined: Oct 2010
Posts: 9,116
Virginia Beach
Astro14 Offline
Astro14  Offline
Joined: Oct 2010
Posts: 9,116
Virginia Beach
In order of magnitude/importance:
My work 401(k)
My USN pension
Wife's USN pension
Wife's GS pension
My SS
Wife's SS
My IRAs
Wife's IRAs


32 Packard 15W40
02 Volvo V70 T5 0W40 M1
02 Volvo V70 XC 0W40 Edge
05 MB S600 0W40 M1
16 Tundra 1794 5W30 Pennzoil Ultra
Re: What retirement strategy other than SS? [Re: ZZman] #4637509
01/17/18 08:58 AM
01/17/18 08:58 AM
Joined: Aug 2017
Posts: 558
Nebraska
BJD78 Offline
BJD78  Offline
Joined: Aug 2017
Posts: 558
Nebraska
Currently retired,age 57, Military pension ARMY, 100% VA disability, and a Roth IRA mutual fund from USAA.My wife a part time chef makes about 2-3 k per month depending on the gig. That is the strategy,by this August we will be down to one vehicle, daughter ff to college and will get the Tuscon and we will sell the Sonata, just the 2 of us we really do not need 3 vehicles any more. My wife is semi retired and works maybe 20 hrs per week as a chef. My wife has no pension as she was a stay at home mom. That hurts her social security some but we are ok with it. It was nice not having to pay a daycare and was better for our kids. She will have some SS but probably less tha 1k per month... maybe $500 per month. She had nearly 35 years of stay at home. No regrets We are still able to sock away a a good 2k per month into the roth ira most months,though now with daughter going to college this fall we will be paying that to the college costs. Nice to have a pension that is for sure, fewer and fewer jobs do anymore. Most rely on 401K which are at the whim of the market cycles.


2010 Forester:122K
2009 Sonata :189K
2010 Tucson:55K

OCI 5K using the cheapest dino oil I can buy,usually NAPA or TSC Travelers oil.
Re: What retirement strategy other than SS? [Re: redhat] #4637511
01/17/18 09:01 AM
01/17/18 09:01 AM
Joined: Oct 2010
Posts: 9,116
Virginia Beach
Astro14 Offline
Astro14  Offline
Joined: Oct 2010
Posts: 9,116
Virginia Beach
Originally Posted By: redhat
I am 26 years old with a generous 401k plan. My employer's match is unbelievable. Besides that... savings account that keeps working.

I have thought a lot lately about different retirement strategies. I have no idea on what IRAs are and the differences, but would like to set one up. Any suggestions?


Start reading.

Seriously.

Education about investing and the market is critical. You need to have an understanding of the financial landscape before you talk to an advisor or open an account.

Get the books from Amazon, or borrow from your local library. Start with something like Jane Bryant Quinn's guide to finances. It's old, but a good comprehensive overview.

Anything on this list would be excellent: http://www.bobbrinker.com/books.asp


32 Packard 15W40
02 Volvo V70 T5 0W40 M1
02 Volvo V70 XC 0W40 Edge
05 MB S600 0W40 M1
16 Tundra 1794 5W30 Pennzoil Ultra
Re: What retirement strategy other than SS? [Re: ZZman] #4637522
01/17/18 09:18 AM
01/17/18 09:18 AM
Joined: May 2002
Posts: 21,182
Oakville, Ontario
Patman Offline
Patman  Offline
Joined: May 2002
Posts: 21,182
Oakville, Ontario
My wife and I are only 48 but we're going to be retiring in just 4 years time. She has been a teacher for 22 years so she will get a very good pension, but in addition to that we bought a new home in March 2016 (that is still under construction so we actually don't move into it until August) and the home prices up here having risen dramatically so our plan is to sell that house in 2022 and move further away from Toronto where home prices are a lot lower. That alone will give us a $1,000,000 nest egg to play with, possibly more. In addition to that, both of us have mutual fund RRSPs through our banks (I have two actually, one which my employer contributes to) But we won't be drawing from those RRSPs until we are 65 (same with our Canada Pension Plan) The plan is to spend our winters in Florida (we will rent, not buy property though) and the rest of the time here in southern Ontario (we are most likely going to settle in the Niagara region)


2018 Corvette, 9k, M1 ESP Formula 5w30 & NAPA Gold
2006 Civic EX Coupe, 148k, PUP 5w20 & Fram Ultra
2010 BMW 328i X-Drive,110k, GC 0w40 & Fram Ultra

Re: What retirement strategy other than SS? [Re: redhat] #4637529
01/17/18 09:27 AM
01/17/18 09:27 AM
Joined: Mar 2008
Posts: 6,129
Michigan
ZZman Offline OP
ZZman  Offline OP
Joined: Mar 2008
Posts: 6,129
Michigan
Originally Posted By: redhat
I am 26 years old with a generous 401k plan. My employer's match is unbelievable. Besides that... savings account that keeps working.

I have thought a lot lately about different retirement strategies. I have no idea on what IRAs are and the differences, but would like to set one up. Any suggestions?


Well you are already ahead because you're thinking about the future. Compounding interest is the big one along with starting early. And of course scooping up every bit of company match that you can get


2003 Mercury Grand Marquis. PP HM 5w-30 and Fram Ultra
2008 Sebring Hardtop convertible. PP HM 5w-30 and Fram Ultra
2006 Kawasaki Vulcan 900 LT. Motul 7100 10w-40 and K&N
Re: What retirement strategy other than SS? [Re: ZZman] #4637538
01/17/18 09:34 AM
01/17/18 09:34 AM
Joined: Sep 2002
Posts: 4,176
Lakeville, MN
MNgopher Offline
MNgopher  Offline
Joined: Sep 2002
Posts: 4,176
Lakeville, MN
Me: State Pension, 457(b)plan (like a 401(k), but for government employees), IRA, and a brokerage account.
Wife: State Pension, 403(b) plan (also like a 401(k), but often used by school employers), IRA, and a brokerage account.

And we do qualify for SS, assuming its still around when the time comes...

Page 1 of 5 1 2 5

BOB IS THE OIL GUY® Powered by UBB.threads™