He Who Shall Be Unnamed said:

---

I am NOT really interested in the FIRE perspective - I am well past that and honestly can't really appreciate someone wanting to be retired for multiple decades of their healthy life.

---

You only appreciate someone who wants to work multiple decades of a their healthy life?

Lol, got a hobby. Life is more than a job.

PDEMDHC said:

---

infinity ag said:

---

PDEMDHC said:

---

In 2026, I'll start an LLC or trust and focus on investing via swing/day trading, RE, etc. with the "extra" money after our goal.

---

Good luck and I wish you the best!
Tell me about this LLC and how it will work. I invest a lot and see myself doing more as I get older so I am looking for ideas that I am not aware of.

---

Good question. Still in research phase and will talk with accountants to discuss options as they are presented. Possible this is years away or something to do next year.

Thinking this route a few reasons.

1. Pay yourself a salary to keep putting into federal programs for later in life like Medicare and SS. This also impacts tax brackets.

2. Protecting assets in case of a lawsuit. If I get sued because of a car crash or something like that, money in the LLC is protected.

---

Advice I got recently that feels pretty sound.

Your accountant's job is taxes.

Your lawyer's job is protection.

Don't cross the streams.

RangerRick9211 said:

---

He Who Shall Be Unnamed said:

---

I am NOT really interested in the FIRE perspective - I am well past that and honestly can't really appreciate someone wanting to be retired for multiple decades of their healthy life.

---

You only appreciate someone who wants to work multiple decades of a their healthy life?

Lol, got a hobby. Life is more than a job.

---

That's not at all what I meant. I explained myself at the bottom of page one. You're welcome to read it.

I do have hobbies. After work today, I went for a swim and then played tennis. I'm training for a half Iron Man right now. I am learning piano as an adult, which is not easy. This summer, I traveled to Europe and crossed off a major item on my bucket list. When I retire, I will take up golf again. I was never that good at it, but it was nice for exercise, getting outside, and being with friends. I will travel to New Mexico to help spread my best friend's dad's ashes in a couple of months. I will ski this winter. I will travel out of state to two college football football games this season, one at Kyle Field and another at my son's college. Work is definitely not the only thing that holds my interests. I would really pity anyone for whom it did.

I think there's dignity in work. Or at least there should be. I also realize everyone doesn't feel the same way. Unfortunately, a lot of people see it as nothing but a drudgery. I wanted to get people's opinions as to what brought about their decisions to retire. That's why I explained myself at the bottom of page one, and I am explaining it here as well, to give a bit of my thought processes for MY retirement. I certainly didn't mean to offend anybody who holds a different opinion.Cheers

infinity ag said:

---

PDEMDHC said:

---

In 2026, I'll start an LLC or trust and focus on investing via swing/day trading, RE, etc. with the "extra" money after our goal.

---

Good luck and I wish you the best!
Tell me about this LLC and how it will work. I invest a lot and see myself doing more as I get older so I am looking for ideas that I am not aware of.

---

I'm in the process of setting one up myself right now. Obviously, being a physician, creditor protection is very important to me. My estate attorney strongly recommended that I set it up as a multi member LLC established in Nevada. For whatever reason, he thinks those are the most airtight. I will be the 99% owner. The investment accounts that I have at my brokerage firm that I will roll into it will have to be changed to hold funds from an LLC. And, of course, there will be accounting expenses. For me, though, it has value. Before I pulled the trigger on setting it up, I did research on ChatGPT. It's amazing how specific the recommendations were once I put in my pertinent data and goals and concerns.

He Who Shall Be Unnamed said:

---

RangerRick9211 said:

---

He Who Shall Be Unnamed said:

---

I am NOT really interested in the FIRE perspective - I am well past that and honestly can't really appreciate someone wanting to be retired for multiple decades of their healthy life.

---

You only appreciate someone who wants to work multiple decades of a their healthy life?

Lol, got a hobby. Life is more than a job.

---

That's not at all what I meant. I explained myself at the bottom of page one. You're welcome to read it.

I do have hobbies. After work today, I went for a swim and then played tennis. I'm training for a half Iron Man right now. I am learning piano as an adult, which is not easy. This summer, I traveled to Europe and crossed off a major item on my bucket list. When I retire, I will take up golf again. I was never that good at it, but it was nice for exercise, getting outside, and being with friends. I will travel to New Mexico to help spread my best friend's dad's ashes in a couple of months. I will ski this winter. I will travel out of state to two college football football games this season, one at Kyle Field and another at my son's college. Work is definitely not the only thing that holds my interests. I would really pity anyone for whom it did.

I think there's dignity in work. Or at least there should be. I also realize everyone doesn't feel the same way. Unfortunately, a lot of people see it as nothing but a drudgery. I wanted to get people's opinions as to what brought about their decisions to retire. That's why I explained myself at the bottom of page one, and I am explaining it here as well, to give a bit of my thought processes for MY retirement. I certainly didn't mean to offend anybody who holds a different opinion.Cheers

---

Lol, I'm not offended. But your quote doesn't pass the vibe test. NOT interested and can't appreciate. Come on, my dude.

Dignity in work? Then why retire ever? You're asking for help to draw the line somewhere. Don't take jabs at those that drew it a few years before you.

Quote:

---

Maybe I am old, maybe I am chauvinistic, maybe I am stupid, it just seems to me that especially for ME being gainfully employed is a good thing during your middle years. I have a good friend who is worth hundreds of millions of dollars. He still works, but it is "on his own time". When I have spoken to him about it, he has related that it's also important for him to project an image to his kids (who all know that they are going to be inheriting a crap ton of money, obviously) that it's important to work.

---

Again, subtle jab. You know what's a great example for my kids? Their mom and I getting multiple degrees, getting good jobs with good income, being frugal and saving enough that we bought back our time to spend with them. It took work to have all of that. Being gone 8-5 has no measure on the example we set for our kids.

My wife and I had enough to retire in our early 50s; that is we had enough to keep our current lifestyle with extra travel and future large gifts to children and grandchildren. At that time we were dissatisfied with our careers. We both had good careers and we enjoyed our work up until our 50s, but we didn't like working anymore (there were several reasons but that is a different discussion). So the question we asked ourselves is working another year, or more, for a larger bag of money or a more extravagant lifestyle worth it. Neither of us thought it was worth it so we retired then. Retirement has been great and exceeded all expectations. One thing I noticed when I stopped working; I had been more stressed by work than I realized, not working opened my eyes to it. Cheers!

The LLC was suggested by my father's estate attorney. A good friend of mine who is an attorney and who runs a family office agreed with the suggestion. I ran it by my estate attorney who is setting it up. It will require new account numbers, filings, paperwork, and trust in the minority partner in the LLC. There is no tax advantage to it, really just creditor protection. That obviously isn't as important to most people as it is to physicians.

I was amazed at how much information and analysis you could get off of ChatGPT when I ran it through. It certainly wasn't what formed my decision to set up a multi member LLC, but it was impressive how well it distilled the pros and cons of setting it up, specific to my situation. It even asked me shockingly relevant questions about my situation before it formulated an answer as to the value of LLC formation.

many of the 4% rule actually have MORE money at the end of retirement than they started!

the point should be ending up at a ZERO balance other than what one wants to donate to charities.

(for those of us with no kids)

so I am planning on at least a 5% withdrawal rate.

the historical average is an 8% annual gain on equities

When I was in my 20's and 30's I focused hard on the ability to retire when my last kid graduated from HS, as I sort of figured my life would likely need to stay pretty structured with school aged kids. I set a pretty high number goal, and needed that time anyway to get there. I'll be 50 when they graduate.

Now that I'm just a couple years away, and I'm on track to exceed my number goal by 20-30%, I am pretty confident I'll go until mid 's or even late 50's.

So what changed?

- the more my career has advanced, the more I love my job. My job is hectic and most would consider it stressful - but with enough money to walk away, a great board who supports me, and frankly just being really good at my job, it doesn't honestly feel stressful to me

- I've spent more money as my income grew and I could still save what I intended to, and most of that impacts what I'm able to do for others. Some of that is still selfish, like bringing more friends and family on vacations for example, but it brings me more joy than I expected

- I don't want to just give my kids more money, as I don't particularly like most trust fund types ive met and I never want them to feel like they didn't determine their own fate. That said, I do feel like my wealth is a bit of an insurance policy for them in the event of really crazy turns that sometimes happen in life.

- I have always believed being grandad would be a really fulfilling part of the retirement puzzle, and that's realistically going to be a little later - as it's unlikely my kids start producing grandchildren until I'm closer to 60

- finally, with the world evolving to accept more things done virtually, suddenly I'm able to travel more and do more things while still working. In the past I wouldn't take more than a few weeks off per year, but now I can take 10-12 weeks per year where I'm about 80% off (including holiday weeks). This probably contributes to me being happier with working too.

I rarely post but have been following this thread since I am wrestling with when to retire. My wife retired last year and has not looked back and is pushing me. I guess I am texags rich WTH that is. I am early 60's two paid for homes, one primary the other a coastal vacay home. Plenty of hobbies ie workout, golf and fish. My FP tells me I am working for my kids and no worries. My problem is I like to be busy 100% of the time and if not I ain't too happy. In my current job I travel a lot both domestic and international but the corporate life and working for a Fortune 500 is a grind. It's no longer fun but it beats boredom at this point. I have a buddy that retired at 60 that went back to work and his reason is he could not catch enough fish or hit enough golf balls to scratch the it. Having said all this I plan to work one more year and during that time figure out what will bring meaning to my life beyond family, work and hobbies. With a focus on giving back.

Rhodie88 said:

---

I rarely post but

---

Joined: Dec 19, 2015
Posts: 12


Whoa, I need some of your Texags control

Edit - good post. You could post more on Texags!

Today I dealt with an HR issue and ada accommodation complaint. Tonight I've been dealing with a work issue for last 3 hours, with a check in needed at about 1am my time.

Last night my wife and I sat down and crunched numbers. We can make the numbers work if she teaches for 5 more years and I go sell guns at Scheels for a few years. After days like today, that option sounds a lot lot better.

Just turned 52 and our twins have 8 more years left at home. They're starting private school this year which has significantly changed the equation. I'm hoping I can downshift in 8 - 10 years...but I work for myself so I have a little more flexibility than those working for the man. I could also go out of business next year, which is the significant donwside.

But rather than focusing on some goal x years down the road, I try to focus on enjoying life now and making the most of this time with kids in the home and (relatively) captive.

Man, I know she's just a faceless Texags poster (Tanya93), but I've seen her on Texags for years, and her death's been weighing on me for the last few days at random times. She was my age. Also, in the last year, my freshman year roommate at A&M died. In the past few years my middle and high school crush died. Also my best friend from middle school died. In the past two years, my mentor and the lawyer that hired me out of law school died as well as a local lawyer who was a hated nemesis. In the last several years, FIVE other local lawyers younger than me died, mostly from alcoholism and mental health issues.

It would suck to work my arse off and not enjoy what I've accumulated. Kinda makes you think. Jeez, I feel worse for actually typing this out. I didn't realize it's been that many. I need to rethink my retirement and enjoy life more.

That's the right attitude. Enjoy your kids and be there for them.

Don't underestimate the youth of your older years.

Primary reason I pulled the trigger is because of the time/money/health triad. Been thinking about it pretty hard for a while and then weekend before last I broached idea of retiring with wife and she immediatley boxed me into a corner and forced the decision. (I have zero issues with that - I needed the push).

Definitely sad to see Tanya go and it's just one more data point for my own decision.

So, my last day on the job is Aug 29. Now I just need the country/planet to not fall apart.

This topic has been on my mind since I started my career 25 years ago. I always intended to retire young, but that age kept going up as our practical nature won out.
My wife and I both have great jobs and have maxed out our 401ks from very early on and have significant savings outside of our 401ks as well. I manage our retirement finances and mostly follow the Boglehead investing method.
In March of this year I was certain that we were in a great position to retire by 50, so I engaged with a financial advisor in order to prove it to my wife. They ran scenarios having us retire at 50 and live to our mid 90s in an average market, below average market and way below average market. In the worst scenario we still had a good amount of money left when we passed. In the average market scenario we had 4x the amount of money we have now. That was all I needed to hear.
I let the people who matter at work know that I am out in 18 months, just before I turn 50. My wife wants to work a bit longer and plans to retire at 55. We will see if she sticks to that.
Overall my job has been satisfying, but not something that drives me or defines me, thankfully. I just want to be able to do what I want and not charge 40+ hours a week, 6 minutes at a time. I have lots of hobbies and plans and won't have trouble staying busy in retirement.
Since I made this decision, I spend way too much time thinking about it. Even though it is only 18 months away, it seems like forever. The countdown clock on my phone's home screen doesn't help.
With both of our family histories, the likelihood of us making it to our mid 90s is low, but we will damn sure try.

jja79 said:

---

Don't underestimate the youth of your older years.

---

That's exactly why I'm retiring a couple years sooner than I planned. I'll never be younger, healthier, and have money than right now. I'm about to turn 60 and I'm going for it. I can adjust as needed but I'm buying time.

One of the retirement guys I watch a lot on YouTube is Joe Kuhn. He stresses focusing on your health span (go go years) before life span.

I'm hoping for a great 60-75 then we will see what's next.

Me too !!

My last day is August 29th !!