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85Sooner
1/9/2006, 08:01 PM
What amount of money would you personally have to have decide to retire right now?

Just wonderin what everyone thinks. There are a wide range of ages on here and some of the younger folks might be spurred on to start saving now.

Bow I wish I would've followed the 20-30 age at 2k per year plan, but due to our lousy education system never new about it. (and frankly was young and gonna live forever heh)

Interesting how some Ivy league colleges charge upwards of 1 million dollars to get a degree. If the students just invested that money at age 18, they wouldn't need the education and could do what they wanted and would still be retired at 45.

soonerscuba
1/9/2006, 08:05 PM
Ivy is expensive, but not 250000/year expensive. Try 30-50 thousand/year range for tuition.

85Sooner
1/9/2006, 08:08 PM
Ivy is expensive, but not 250000/year expensive. Try 30-50 thousand/year range for tuition.


I should have noted, Thats all cost estimated. room board, tuition ,fees,books etc...

GottaHavePride
1/9/2006, 09:31 PM
I don't see the point of retiring. I plan to be doing something I enjoy - good financial planning will just mean that later on I don't have to do as much of it. ;)

AlbqSooner
1/9/2006, 09:31 PM
Every time someone starts talking retirement I harken back to my childhood.

Can I have a do-over?

Jimminy Crimson
1/9/2006, 09:56 PM
I think fully retiring and not doing anything productive is when you start to become senile.

handcrafted
1/9/2006, 10:10 PM
I'll never retire, as in "sit around and do nothing" retire. Though I certainly *plan* on having some great vacations. :D As for what amount of money I'd need to quit my job and do what I really want to do? Hmm. Coupla-three mill would probably cover it. I'd still be making an income, it just wouldn't have to be steady on a monthly basis.

soonerscuba
1/9/2006, 10:17 PM
i think i'll slang yay, who expects a geezer that imports to put da fluids in iz RV?

JohnnyMack
1/9/2006, 10:24 PM
$100 Million.