Your old decrepit ass..

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I’m vacillating between starring in adult films and MMA - maybe split my time between both?

Seriously though, Ol’ George has this ‘timeless’ quality about him. Yeah, it’s obvious he’s not 33 anymore. But he still looks like he belongs on stage throwing it down. I get the same thing with Doug Aldrich.
 
Maybe I'll see the latest Kiss avatar show in Las Vegas at 70; I'm sure the technology will be amazing

KissSockPuppetsCover.png
 
George still rocks! As some already said, retirement for me isn’t too far and I hope to put that spare time into playing guitars and surely putting a band together for jamming.
 
psychodave said:
It will, but I won’t be able to afford a 20% drop in the market if I allocate a large percentage in stocks.
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I have a small portion in income producing ETFs that I plan to increase before I retire; returns have been good, at least 8%, around 11.x% on average over several years; and the principal is relatively steady. Riskier than bonds of course...

As long as the market drop isn't prolonged I should be ok; also increasing my cash reserves so I don't have to tap into investments in a down market...and buying all my toys I can while still working.
 
I trade mostly in monopoly money and pull dividends, nowadays.
Most of our egg is from tech stocks from the last twenty-ish years though.
A lot of that came from our paychecks and housing investments before the 08 crash.
Did some oil stuff during Covid which was nice, too. Not insane, but respectable.
Doesn't hurt to own a few businesses. Except when it does.
We do 15/15/40/20/20 with our income.
Buy my book for only $99, and you too can learn the secret of retiring in your 30s. Even if you're in your 60s!
 
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NowYou'rePlayingWithPower said:
I trade mostly in monopoly money and pull dividends, nowadays.
Most of our egg is from tech stocks from the last twenty-ish years though.
A lot of that came from our paychecks and housing investments before the 08 crash.
Did some oil stuff during Covid which was nice, too. Not insane, but respectable.
Doesn't hurt to own a few businesses. Except when it does.
We do 15/15/40/20/20 with our income.
Buy my book for only $99, and you too can learn the secret of retiring in your 30s. Even if you're in your 60s!
Click to expand...
nice; I took a big financial hit from divorce; still paying alimony and child support, 4.5 years to go; it's my biggest monthly expense, at over 35% of my net monthly income...

that said, I've been able to recover most of my lost wealth, and I'll need much less in retirement than if I was still married; and can lower my monthly income needs once I'm done with alimony and child support.

one number I track is my change in market value for each account, then average it over each year, YoY, across several years, etc. so I know how much my accounts are growing/losing.

My goal is to get that multi-year running average of growth/income change in market value to where I can live on 3% or less of that change in market value amount with at least half coming from dividend income, and stay at or below the 24% tax bracket until RMDs which are gonna hurt.

Looking into trust fund options to reduce my RMD and taxes; when RMD hits it will likely put me in the highest tax bracket and paying way too much in taxes.

RMDs need to be eliminated; forcing us to take withdrawals and pay taxes when we don't need the money is BS.
 
psychodave said:
It will, but I won’t be able to afford a 20% drop in the market if I allocate a large percentage in stocks.
Click to expand...
I’m heavy into rentals. Theoretically inflation proof as rents rise with time. Unless the commies cap rent increases, then I’d selll immediately.
 
Tone Monster said:
I’m heavy into rentals. Theoretically inflation proof as rents rise with time. Unless the commies cap rent increases, then I’d selll immediately.
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I had rental property in the past. Never again; having to evict tenants was costly, legal costs and property damage I could not recoup. This was long before the pandemic tyrannies.

I'd rather take my chances in the markets
 
rsm said:
I had rental property in the past. Never again; having to evict tenants was costly, legal costs and property damage I could not recoup. This was long before the pandemic tyrannies.

I'd rather take my chances in the markets
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Im in Texas. Very landlord friendly. For sure there are states I wouldn’t dream of owning rentals in. Plus I use a property management company. Only pay 6%.
 
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PDC said:
I’m vacillating between starring in adult films and MMA - maybe split my time between both?

Seriously though, Ol’ George has this ‘timeless’ quality about him. Yeah, it’s obvious he’s not 33 anymore. But he still looks like he belongs on stage throwing it down. I get the same thing with Doug Aldrich.
Click to expand...
I'd love to have gone the MMA route, but I started waaaaaaaaay too late in life for that. Adult films were never an option lol
 
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Tone Monster said:
Im in Texas. Very landlord friendly. For sure there are states I wouldn’t dream of owning rentals in. Plus I use a property management company. Only pay 6%.
Click to expand...
Tejas has no water or electric or healthcare. Dont know why anyone would live there.
My wife grew up there but that was a long time ago.
 
ewill52 said:
I'd love to have gone the MMA route, but I started waaaaaaaaay too late in life for that. Adult films were never an option lol
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U can only take so many kicks to the head, ask Joe Rogan. Thats why he doesn't compete.
 
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