The “I want to retire soon” thread (2 Viewers)

[JohnnyU]

My last working day is May 23rd, but my official retirement date is July 1st. I will PTO out after 5/23.

I’ll be 66 in June. Been a software developer most of my career and doing Data Engineer work the last year. It’s time.

 

[-OZ-]

My last working day is May 23rd, but my official retirement date is July 1st. I will PTO out after 5/23.

I’ll be 66 in June. Been a software developer most of my career and doing Data Engineer work the last year. It’s time.

Congrats!
Any ideas what you’ll want to do in retirement?

 

[JohnnyU]

My last working day is May 23rd, but my official retirement date is July 1st. I will PTO out after 5/23.

I’ll be 66 in June. Been a software developer most of my career and doing Data Engineer work the last year. It’s time.

Congrats!
Any ideas what you’ll want to do in retirement?

Dust off my pool cue and take old men’s money down at the Seniors Center now that I’ve had cataract surgery and new lenses inserted in my eyes. Then I’ll probably go down to the local college and pull the fire alarm and run. Oh wait…..I can’t run very well anymore.

Seriously, lots of traveling and probably start painting figurines again now that I have new eyes. I hear people in this thread talking about working after retirement. F that.

One thing about cataract surgery that scared me was that it would cause a divorce. I’ve been married 27 years and feared what she really looked like.

 

[stbugs]

Learned something valuable about the Roth IRA for my daughter, who is now 18, thanks guys.

Wonder if Uncle Sam is going to be able to resist not taxing these accounts over the next 40yrs

Uncle Sam loves Roth accounts - they get their tax revenue now instead of having to wait a few decades like with a traditional IRA/401K. If anything, I could see them upping the limits and making it easier to get money into Roths. Nobody sitting in DC right now really cares about getting that money in 2050, they'd rather see/spend it now.

That said, my crystal ball is busted so

I'd be concerned that they like getting their tax revenue now and then decide that there's no reason they shouldn't get tax on the income growth in the account. 40yrs is a long time and we're gonna have to pay that deficit somehow lol

Just spit balling but I think a federal sales tax would be more likely. And far more politically viable.

I’m sure it won’t happen but it would be a nice result to have or traditional IRA/401k not get taxed as income down the road.

 

[BeTheMatch]

Learned something valuable about the Roth IRA for my daughter, who is now 18, thanks guys.

Wonder if Uncle Sam is going to be able to resist not taxing these accounts over the next 40yrs

Uncle Sam loves Roth accounts - they get their tax revenue now instead of having to wait a few decades like with a traditional IRA/401K. If anything, I could see them upping the limits and making it easier to get money into Roths. Nobody sitting in DC right now really cares about getting that money in 2050, they'd rather see/spend it now.

That said, my crystal ball is busted so

I'd be concerned that they like getting their tax revenue now and then decide that there's no reason they shouldn't get tax on the income growth in the account. 40yrs is a long time and we're gonna have to pay that deficit somehow lol

Just spit balling but I think a federal sales tax would be more likely. And far more politically viable.

I’m sure it won’t happen but it would be a nice result to have or traditional IRA/401k not get taxed as income down the road.

Ah, yeah, that would be pretty, pretty good.