Retirement...what will you do?
Offshoot of the 'what you're saving for' thread...
Lots of people are obviously saving for retirement. I am as well, but more out of a feeling of 'I should' than any excitement about retiring. Truthfully, I want to work until I die, albeit at something I really enjoy. I like to always be making money, even if it's just a bit, and don't expect that to change.
So those who are saving for early retirement...what will you do once retired? Does retirement mean literally that you want to stop working and making money, or just retirement from dancing/formal employ?
Just curious!
Re: Retirement...what will you do?
I don't really want to "retire"...
But I am going to stop dancing (and hopefully be a stay at home mom) once I get married and have children. I will have my degree by then, and once my children don't need me 100% of the time, I'll teach.
Re: Retirement...what will you do?
I can't even conceive of retiring. I am kinda young though, but I always had a strong intuition I would die early. Every birthday I am surprised. That doesn't really answer your question though, but I wonder about people who can plan for retirement. It's really beyond my comprehension at this point...I just don't think I'll make it that far.
I agree about working indefinitely...I just grew up with so many farmers, and they all work until they die. If I do live on, I would like to 'retire' on a farm. I'd raise horses and bake cookies. That's my version of idyllic. I'd do that now if I could. I'm not sure about kids or marriage or anything...But horses- I will never live without.
Re: Retirement...what will you do?
Retirement doesn't mean sitting on your ass and doing nothing. Retirement = financial independance. If you aren't saving for that, then you are going to HAVE to work until the day you die, probably doing shit that will make you wish you were dead sooner.
I am suprised that so few of the responses in the other thread were saving towards retirement. Well, there's always social security, which we all know everyone will get in abundance.::)
Re: Retirement...what will you do?
Quote:
Does retirement mean literally that you want to stop working and making money, or just retirement from dancing/formal employ?
In my case it was retirement from live dancing / club appearances. I still do the occasional magazine shoot (I'm appearing in the upcoming June issue of SCORE magazine) just for shits and giggles - and as an excuse to write off a trip to Florida LOL).
Going into 'retirement' has absolutely no connection with stopping making money !!! If it does then you're not really 'retired' just old and out of work ! Being successfully 'retired' simply means that one has accumulated enough passive investments that my money now makes enough money to pay the bills instead of my shaking tits and ass !
What do I do in 'retirement' ? Answer - just about anything I feel like doing.
Re: Retirement...what will you do?
Retirement to me also means financial independance, and doing whatever the hell you want. Weather that be traveling the world on a boat, RVing across the US, sitting on your ass at home, or even finding a more conventional day job/part time job. Its just doing whatever you want to do.
For me....I would love to travel all around the world. I'd be in Paris, and hear that there's this wonderful restraunt in Austraila, and hop a plane to go there just top eat, then fly off to some other exotic location, with no plans, no time schedules..just freedom. To go where ever I want, whenever I want, and do whatever I want.
Re: Retirement...what will you do?
The baby boomers can't afford for anyone under the age of 40 to retire...hehe. We've gotta keep working and paying for their government pensions for the next 35 years or so (unless life expectancy decreases drastically for some reason).:P
Personally, I'm already retired. I have some passive income and some active income, but I don't HAVE TO work anymore. 8+ years of dancing and saving has worked for me:thumbsup:.
*I should add that I've lived like I earn less than I do. No designer anything, no expensive cars or fancy homes or expensive furniture. My only splurges have been travel, and even at that, I tried to find a way to make my travel tax deductible and I go as cheap as possible.
Re: Retirement...what will you do?
I should be able to retire at about 55, although I'll probably keep working as long as I still feel like I want to.
After that? Travel a lot, work at a master's, maybe start a business.
Re: Retirement...what will you do?
I haven't really given it a whole lot of serious thought until this year. I definitely don't ever want to stop having a way to earn money, but I would like to be out of stripping at/around 35-37 years old. In fact, I will probably have to.
I figure if I start working off my debt in the late summer and saving (i.e. Paris' example) for several years, I will have enough to help my daughter with college tuition and very comfortably transition into another "profession", whether that consists of doing something I like to do or something that makes me money that I enjoy doing. I just have a strange fear of "stopping" altogether, even if I do have enough to not work anymore. What if an older relative needed me to care for them? I'd like to have MUCH more than enough if I can.
I have had to hold off on tattooing like I originally planned due to getting pregnant, so I do have something I want to pursue other than dancing and I can keep doing until I can't hold a tattoo gun anymore. I can't see myself ever getting sick of making art. I'd love to be able to travel more too.
Re: Retirement...what will you do?
i quit dancing, i have family money and of course income from my spouse and myself, but i never have to work again if i don't personally wish to.
pretty much i am pursuing business/work interests that i would find amusing and fun and doable even at an advanced age. i think a lot of people save for 'retirement' without any clear idea of how they'll spend the sudden free time. endless travel sounds tempting, but it gets old very very fast, as an example. and, well, one can rarely live in retirement at the levels so many strippers live at, even the ones living on half their earnings.
i think it is something people need to analyse and find answers to as early in life as possible, because it is definitely something that isn't thought through enough.
Re: Retirement...what will you do?
honestly, ive wasted the past 4 years dancing, i know it, but at the time, yeah, i had fun. no regrets and all that.
however, im now having to consider what to do when i 'retire'
currently looking into sorting out rental properties, so in 20 years time they will be all paid off in full and freehold, and the money coming in will be income.
im looking into random business ideas that would sort of be a lifestyle, but with light work- something simillar to working on a farm. i like the idea of having a lifestyle block or bigger and growing gormet veggies/preserves to make into other gormet products- dips and stuff. or owning a hostel.
at 22 im not stressing *too* much, hell id be lucky to make it to retirement age with all the freaking baby bommers screwing over the system right now, but it would be nice to be able to sit back and chill 15 odd years from now
Re: Retirement...what will you do?
Retirement for me now means that I won't *have* to work if I don't wwant to. I'll probably still dance in the times/places I enjoy and if I want to buy something nice, but I'll have income from investments to cover my basic expenses. Alternately, if I decided to settle down in a house and live a normal life, I would have enough income from investments that I could work at a part time and/or low paying job that made me happy and not have to worry about making rent/house payment.
20 years from now, I'm sure I'll have a different definition of retirement.
Re: Retirement...what will you do?
Retirement sounds boring to me. I recently met a man who was in his 70s and owned a little restaurant. He said he got so bored after he retired he decided to open his restaurant. I think working keeps you young.
Re: Retirement...what will you do?
Emily and i joke around about starting a dog-walking/sitting business together when we retire, but aside from that, investment properties, traveling, and family life, eventually.
Re: Retirement...what will you do?
Wow, no matter how many times I tell people, over and over, its like they can't separate the word "retirement" from "not working." You can be retired and still work to your hearts content. But if, perchance, instead of having to BUST YOUR ASS all the time no matter how you're feeling or where you want to go....wouldn't you choose RETIREMENT with work for fun and extra income instead????
Re: Retirement...what will you do?
^^Yeah, I think "retirement" is an unfortunate word that either puts people off of saving for it because they don't ever plan to stop working, or they picture it as a time of doing nothing but getting tan on the deck of a cruise ship. For me, "saving for retirement" means having a buffer so there can be more flow in my later years. I know I'll always be working on something no matter what age I am, but I would hate to feel trapped in a work situation in my later years, so that's what I'm saving for. A gift for the little old me that will one day come.
As far as stripping goes, for me it's just another experience along the path, and not something I need to break my neck to get rich at so I'll never have to work again. I mean, I've gotten as much out of it as I could handle, and it's been a big boon to my financial picture, but I don't see it as the be all, end all to a succesful life. I'll be done with grad school at 40 and starting a whole new career that I'm so excited about, and even that is just another experience along the way.
I think the stereotype of retirement we're used is kind of unhealthy. It's best for people to feel productive, useful, a part of things. It's different for everyone but there's so many stories of people feeling lost and useless after the retirement they for so long felt they wanted. So yeah, "saving for retirement" should be about giving yourself the power of choice when you want it, not the long awaited time when you can do nothing.
Re: Retirement...what will you do?
Honestly, I want to spend portions of my life working jobs I don't need to just for the experience.
Like working at disney as a grounds keeper or something.
But, I'll probably find a beach someplace, open a bar, call it something like "Mast's Watering Spigot" and live out my days as documenting my wacky antics as a bartender
Re: Retirement...what will you do?
I've also been thinking... ya know that skirt/dress/wrap that I posted about a while ago in BB? Maybe I'll improve on them and make my own and travel around selling them at festivals when I retire. That would be fun.
Re: Retirement...what will you do?
Quote:
Originally Posted by
Lena
I've also been thinking... ya know that skirt/dress/wrap that I posted about a while ago in BB? Maybe I'll improve on them and make my own and travel around selling them at festivals when I retire. That would be fun.
That would rock, especially since America has been stricken with an epidemic of Fashion Fascism & Blahs.
Reminds me, seamstressing and making custom garments sound like a nice retirement occupation. I am always put out trying to find someone to mend, alter or make garments. The reason Europeans dress better than Americans is that the art of clothesmaking is still strong there.
Re: Retirement...what will you do?
Well, the first two years, I will move to a low cost city. Then I will get bored.
Then I will get excited and remodel the kitchen. Then I will get bored.
Then I will get excited and open up an insurance agency. Then I will buy a Porsche. Then I will blow up the engine. Then I will get it rebuilt. Then I will get bored.
Then winter will come. Then my wife will complain about the cold. Then we will look at moving back to Tampa and start looking at houses.
I will spend too much time on Stripperweb.
Then I will get excited about investing and do lots of day trading and get bored with money.
Then I will do genealogy research on the family back until the year 1066. Then I will get bored.
Then I will get excited about late 19th century books about history. Then I will start studying the writings of William H Prescott about Isabella and Ferdinand.
Then I will go down the Grand Canyon again. Then I will get bored.
And so on.
Re: Retirement...what will you do?