We're getting the other thread off track, and I don't really remember this subject ever being brought up. What are your plans? What are you doing to make it happen? I really would like to be on a beach, but it would be tough to leave this region. I've been reducing expenditures and debt for about 2 years now and am contributing heavily to my 401k. Screw working forever. What about you guys?
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What are your retirement plans?
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You already know mine. I'm retiring to Belize!
I will be selling my house in April, renting a small 1BR apt and cutting all my expenses down to $1400/m. That way I can put all my other cash away into small rent houses and dividend paying stocks to draw an income on. Once I have $2.5k-3k/month income minimum, I am GONE!!!
My grandparents are in their early to mid 70's and my family lives until 85-92 yrs so it'll be time to head out once that happens. If they stay longer, I stay longer.Last edited by sc281; 07-11-2012, 12:14 PM.
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Been saving like a mofo the past 4 years and paying off all debt. Would like to have a get a way house on the West Coast and enjoy traveling. If I'm lucky, I can pull it off in the next 5-7 years, if not, 10 years and then I am done.2012 SRT8 Challenger 392 Hemi-6 speed
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I think part of the problem with retiring is that people forget to live and save to the point in life where they have exceeded their physical ability to enjoy what they do. I've nearly paid off all debt, still save, but make sure to experience life along the way.
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