(NON FINANCIAL) Retirement plans/ dreams/ discussion.

westv

I've come up with a few things I'd like to do when the time comes:-

Drawing lessons
Learn to cook
Learn Spanish
Maybe learn a musical instrument.

bluenose1

Well been a lovely day here in Liverpool. What a difference when the weather is nice.
We went for a couple of miles walk on Crosby Beach which is only a 10 minute drive from our house, then we sat drinking coffee in the garden, chatting about retirement plans, then had a snooze on loungers in the sun. Followed by homemade Pasta Vialli for tea. All in all a great day.
Unfortunately forecast is rain all next week.
Like the sound of USA in November and April Atush. What parts are you going to?
We are off to Florida in August for 16 nights, out biggest expenditure each year. Unfortunately we are addicted to going!!

Wednesday2000

I definitely want to travel more after retiring. Someone I know is in Hong Kong at the moment and I'm very jealous!

westv wrote: »

Learn Spanish

I was taught Spanish for about a year when I was 13 at school and I found it very easy compared to French and German.:) French was the hardest to me and I did it for a full 5 years. I can read a menu in a restaurant in Paris but that is about it.:rotfl:

Crabby

Wednesday2000 wrote: »

That is a bit of a weird comment to make on a MSE forum.:D

Not really, FIRE means Financial Independence Retire Early. Why aren't these people practicing what they preached, instead of making money out of it, which they supposedly don't need, as they have reached their Nirvana. They're certainly not being altruistic.

cfw1994

bluenose1 wrote: »

<snip>
We are off to Florida in August for 16 nights, out biggest expenditure each year. Unfortunately we are addicted to going!!

I love travelling around the US (worked for US companies for over 25 years), but Florida in August sounds less than appealing to me....never been much of a beach holiday sort! Was on Miami Beach for a conference last month: the (empty!) sea was already bath temperature: way too warm!!
Each to their own: I prefer the bustle of San Fran and sights of Bryce/Yosemite

Crabby wrote: »

Not really, FIRE means Financial Independence Retire Early. Why aren't these people practicing what they preached, instead of making money out of it, which they supposedly don't need, as they have reached their Nirvana. They're certainly not being altruistic.

Well, perhaps when you’ve got the financial freedom to retire early, you still have to fill your day doing things!
I’m certainly interested to see the film if it hits the Midlands anytime...clearly a free download would be the altruistic thing for them to offer, but equally clearly it cost money to put together!

jackieblack

cfw1994 wrote: »

I love travelling around the US (worked for US companies for over 25 years), but Florida in August sounds less than appealing to me....never been much of a beach holiday sort! Was on Miami Beach for a conference last month: the (empty!) sea was already bath temperature: way too warm!!
Each to their own: I prefer the bustle of San Fran and sights of Bryce/Yosemite

I too love travelling in the USA and I hope to be able to do longer/extended trips (up to 90 days) in retirement.
With one or two exceptions I am not a fan of cities, National/State Parks at small towns/two lane highways are my preference.
26 states visited so far - 24 more to explore - although I've made (and plan) return visits to some of my favourite places so my plans to have visited all 50 eventually are getting less likely to be achieved! :rotfl:

Wednesday2000

Crabby wrote: »

Not really, FIRE means Financial Independence Retire Early. Why aren't these people practicing what they preached, instead of making money out of it, which they supposedly don't need, as they have reached their Nirvana. They're certainly not being altruistic.

I doubt Barney from The Escape Artist makes a lot of money from his blog and he retired in his 40s.:D

Steve and Courtney said they only make beer money from their YouTube blog. It's called A Streamin Life and it's about their travels in their airstream if anyone is interested. They say they just do YouTube for fun and they retired in their 30s.

cfw1994 wrote: »

Well, perhaps when you’ve got the financial freedom to retire early, you still have to fill your day doing things!

Yes, exactly.:)

Crabby

Wednesday2000 wrote: »

I doubt Barney from The Escape Artist makes a lot of money from his blog and he retired in his 40s.:D

Steve and Courtney said they only make beer money from their YouTube blog. It's called A Streamin Life and it's about their travels in their airstream if anyone is interested. They say they just do YouTube for fun and they retired in their 30s.

That's one professional looking website Barney's got for a retired person. Is his financial coaching free?



I don't have an issue with FIRE Bloggers, who are living their dream and making a few quid sharing it, like Steve and Courtney's YouTube videos.

Playing with Fire on the other hand, is purely a money making enterprise in my opinion, (which I have nothing against), it's the way that they are selling it that I have problems with.


"Of course it would be nice to see some kind of modest surplus for our efforts, but our hope in making the film has never been to make a fortune. "


You don't make a film as slick as this, with such high production values, (look at the Trailer, it would give a Hollywood Blockbuster a run for its money), in the hope of breaking even.



Anyone want to watch my holiday videos? for a small donation that is. :rotfl:

bluenose1

I love reading blogs and listening to podcasts of any perspective re FIRE. Found out loads from people with totally different lifestyles and incomes to mine. How I learnt difference between passive and active investing and Vanguard etc, though this forum has educated me more than anything. If others make money from blog etc good luck to them.

ProDave

One reason I favour drawdown, which I don't see discussed very much, is the state pension.

Most of us want to retire long before state pension age. So the reality of that means there will be 2 phases to our retirement, pre SP age, and post SP age.

I don't see a lot of point in having a pension income that suddenly increases at SP age. If you are retired you are retired, so you either need enough pension to live on or you don't.

So my approach is have one of my 3 pension pots in drawdown. The plan is to draw that when I retire at 60 at a rate that means it is exhausted when I reach SP age. So the drawdown pension will end just as SP starts. This gives me pretty much a constant level of income both pre and post SP age.

Show me an annuity where you can ask it to pay out a higher rate and then reduce when you reach SP age?