Best retirement planning advice you can get

[Captain Save]

This is something mot people won't talk about but I think this is one of the best tool for retirement..

Finding a job/career that will easily earn you money during retirement.

Will your current job be too stressful?

will you be burned out?

Will you be expendable for a cheaper option?

why not find a career that can not only earn you some income but something that's flexible enough that does not require a lot of commitment whne you're older...

i.e. as a lawyer, you'll always be able to earn a living during retirement..
financial advising is another good one...

Are you currently planning on that aspect of your retirement?

[disneysteve]

This is something mot people won't talk about but I think this is one of the best tool for retirement..

Finding a job/career that will easily earn you money during retirement.

So your ''best retirement planning advice" is to work? I'm not sure you understand the meaning of "retire".

[Captain Save]

So your ''best retirement planning advice" is to work? I'm not sure you understand the meaning of "retire".

Well ask people who are currently retired what they would want to do .. you'd realize that they don't want to sit around doing nothing but they don't want to have the commitment of a 9 to 5 job .... if you do something you enjoy and get income from it without the stress that you need to have it .. you can slowly ween off as you get older.. that's a much better "retirement plan" than going cold turkey ...

[disneysteve]

Well ask people who are currently retired what they would want to do .. you'd realize that they don't want to sit around doing nothing but they don't want to have the commitment of a 9 to 5 job .... if you do something you enjoy and get income from it without the stress that you need to have it .. you can slowly ween off as you get older.. that's a much better "retirement plan" than going cold turkey ...

Fair enough. I was giving you a bit of a hard time. If you search around, there are a few threads about "what does retirement mean to you?" and several people talk about doing some type of work after they leave their full-time career.

I've even shared my own story that I could see myself working a few hours per week. I currently have a full time job and a per diem job. After I leave the full time job, I could keep the per diem where I currently do about 8 hours/week. That would keep some money coming in and still leave plenty of time to enjoy life.

[TexasHusker]

So your ''best retirement planning advice" is to work? I'm not sure you understand the meaning of "retire".

Ask 100 mall shoppers what retirement means; you'll likely get about 50 different answers.

[Captain Save]

Fair enough. I was giving you a bit of a hard time. If you search around, there are a few threads about "what does retirement mean to you?" and several people talk about doing some type of work after they leave their full-time career.

I've even shared my own story that I could see myself working a few hours per week. I currently have a full time job and a per diem job. After I leave the full time job, I could keep the per diem where I currently do about 8 hours/week. That would keep some money coming in and still leave plenty of time to enjoy life.

Yes I think people understand that they might have to work when they retire but I don't think people "plan" for it .. if you work on a sustainable career in you 30's .. and even 40's .. you'd be much better off ..

[Captain Save]

Ask 100 mall shoppers what retirement means; you'll likely get about 50 different answers.

i think it'll be 100 different answers

[Gwenstacy]

Trump and Healthcare

Trump has been vocal on his plans to repeal or cut back Obamacare. What specific changes he means remain to be seen. Early retirees should take note, since a repeal of Obamacare could make it more costly to purchase coverage in the years before Medicare begins at age 65.

To help Americans pay for the rising cost of healthcare, President-elect Trump has proposed expanding access to health savings accounts (HSAs). Contributions to HSAs are tax-deductible, and funds can be invested and grow tax-free. Better still, withdrawals aren’t taxed as long as you use them for qualified medical expenses.

[clatoden99]

The best plan to get income for retirement is to determine what efforts you need to take to (1) save money by living below your means, and (2) work to make enough money to meet your goals. These two things are easier when you invest in yourself. Develop skills that give you a sense of accomplishment and that also make a contribution that benefits society. The money will follow.

[TexasHusker]

Trump has been vocal on his plans to repeal or cut back Obamacare. What specific changes he means remain to be seen. Early retirees should take note, since a repeal of Obamacare could make it more costly to purchase coverage in the years before Medicare begins at age 65.

It is difficult to fathom any insurance more costly than ObummerCare. The premiums are nothing short of sensationally high.

[disneysteve]

It is difficult to fathom any insurance more costly than ObummerCare. The premiums are nothing short of sensationally high.

I don't know what you base that on. I know many, many people who are eternally grateful for the ACA. If not for that, there is no way they could afford insurance. In fact, one friend of mine was just able to participate in a meeting with President Obama last week when the ACA was discussed. He is a cancer survivor and if not for his ACA coverage, would most certainly have been bankrupt due to his illness. I also have a cousin who retired early a few years ago and the ACA is part of what made that possible as is made affordable health insurance available to him to carry him until he is eligible for Medicare.

I can tell you that both of those people are extremely nervous about the future because they have no idea what they will do if their ACA coverage goes away and they can no longer afford insurance.

[StormRichards]

Trump has been vocal on his plans to repeal or cut back Obamacare. What specific changes he means remain to be seen. Early retirees should take note, since a repeal of Obamacare could make it more costly to purchase coverage in the years before Medicare begins at age 65.

To help Americans pay for the rising cost of healthcare, President-elect Trump has proposed expanding access to health savings accounts (HSAs). Contributions to HSAs are tax-deductible, and funds can be invested and grow tax-free. Better still, withdrawals aren’t taxed as long as you use them for qualified medical expenses.

Did Meryl Streep get you fired up last night? You bumped multiple threads with anti-Trump rants.

[TexasHusker]

I don't know what you base that on. I know many, many people who are eternally grateful for the ACA. If not for that, there is no way they could afford insurance. In fact, one friend of mine was just able to participate in a meeting with President Obama last week when the ACA was discussed. He is a cancer survivor and if not for his ACA coverage, would most certainly have been bankrupt due to his illness. I also have a cousin who retired early a few years ago and the ACA is part of what made that possible as is made affordable health insurance available to him to carry him until he is eligible for Medicare.

I can tell you that both of those people are extremely nervous about the future because they have no idea what they will do if their ACA coverage goes away and they can no longer afford insurance.

I base it on my family rate being about $2500 a month with outrageously high deductibles, out of pocket maximums, and networks that are extremely limited.

As a physician, you by default are seeing dread disease situations where ACA actually helped. Certainly it has helped a lot of people - heavy users of medical services in particular - but for the rest of us it is an absolute ripoff.

We would be significantly better off creating a high risk pool for people who can't get coverage elsewhere and let them buy from the gubmit subsidized pool. That makes a lot more sense than requiring millions of people to pay outrageous prices for crap coverage that is worse than what they had before. There is NOTHING affordable about Obummercare unless YOU ARE SUBSIDIZED.

Of course, big gubmit isn't interested in something that makes sense. They just want more power.

[Captain Save]

I don't know what you base that on. I know many, many people who are eternally grateful for the ACA. If not for that, there is no way they could afford insurance. In fact, one friend of mine was just able to participate in a meeting with President Obama last week when the ACA was discussed. He is a cancer survivor and if not for his ACA coverage, would most certainly have been bankrupt due to his illness. I also have a cousin who retired early a few years ago and the ACA is part of what made that possible as is made affordable health insurance available to him to carry him until he is eligible for Medicare.

I can tell you that both of those people are extremely nervous about the future because they have no idea what they will do if their ACA coverage goes away and they can no longer afford insurance.

As with anything it's good for some and not good for others .. I wish we could have objective people look at these plans.. and explain the good and the bad thoroughly from a micro and macroeconomic point of view ...

I'd say i've been hearing more bad than good ..

[TexasHusker]

As with anything it's good for some and not good for others .. I wish we could have objective people look at these plans.. and explain the good and the bad thoroughly from a micro and macroeconomic point of view ...

I'd say i've been hearing more bad than good ..

Any time you have an industry that is heavily tampered by the Fed - housing, college loan guarantees, and healthcare finance, you then necessarily have runaway train inflation in that industry.

Capitalism and Socialism cannot be commingled. When attempted, the damage done to the capitalism side is such that ever more socialism is demanded in an attempt to correct the damage done. That cycle continues until such time as socialism has quietly quashed capitalism.