Retirement Income

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Caustic Burno
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Re: Retirement Income

Post by Caustic Burno » Fri Sep 13, 2019 3:14 pm

Dave wrote:
Fri Sep 13, 2019 1:45 pm
One thing I notice that people who live long have in common is they get out and move every day. My grandma who lived to be 93 lived in town the last 45 years of her life. She had it figured out how many times she had to walk back and forth on her block to walk a mile. Every day rain or shine she walked at least a mile. And she lived in Tacoma Washington where it rains pretty often. There is a 90 year old gal here who works as hard as most men. She has 200 ewes and a couple hundred cows that she cares for every day. Use it or lose it.
My orthopedic surgeon says exactly that walk daily. Once you stop and lock up your a short timer in most cases.


Money doesn’t buy happiness, but the lack does buy misery.

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Re: Retirement Income

Post by jltrent » Fri Sep 13, 2019 3:21 pm

There is an ole gal here that lives less that 2 miles from me as a crow flies that is 97 and oversee anywhere from 800-1200 commercial/registered cow operation and keeps a crew hopping. They just chopped around 200 acres of corn just up the road from me in the last few days. She and her son has land here everywhere as her son made well with factories making medical supplies (Debusk/Deroyals Industries). She drives everyday by herself and is still active in the farming business. Just a few short years ago she ran a crew and put out 40-50 acres of tobacco also. When she is gone there is nobody else to keep it going.

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Re: Retirement Income

Post by Stocker Steve » Fri Sep 13, 2019 4:46 pm

Dave wrote:
Fri Sep 13, 2019 1:45 pm
One thing I notice that people who live long have in common is they get out and move every day. My grandma who lived to be 93 lived in town the last 45 years of her life. She had it figured out how many times she had to walk back and forth on her block to walk a mile. Every day rain or shine she walked at least a mile. And she lived in Tacoma Washington where it rains pretty often. There is a 90 year old gal here who works as hard as most men. She has 200 ewes and a couple hundred cows that she cares for every day. Use it or lose it.
That's one reason I always try to include the wife when doing chores.
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Re: Retirement Income

Post by ccr » Fri Sep 13, 2019 5:01 pm

Stocker Steve wrote:
Fri Sep 13, 2019 4:46 pm
Dave wrote:
Fri Sep 13, 2019 1:45 pm
One thing I notice that people who live long have in common is they get out and move every day. My grandma who lived to be 93 lived in town the last 45 years of her life. She had it figured out how many times she had to walk back and forth on her block to walk a mile. Every day rain or shine she walked at least a mile. And she lived in Tacoma Washington where it rains pretty often. There is a 90 year old gal here who works as hard as most men. She has 200 ewes and a couple hundred cows that she cares for every day. Use it or lose it.
That's one reason I always try to include the wife when doing chores.
she's lucky to have such a thoughtful hubby
clark cattle ranch
happiness is healthy cattle

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Re: Retirement Income

Post by ClodHopper37869 » Fri Sep 13, 2019 9:11 pm

sstterry wrote:
Thu Sep 12, 2019 6:15 pm
I am buying $10 worth of lottery tickets every week!
(I am sure it will be my turn to win soon)
Yep,me too, I make a IRA contribution every week at the 7-Eleven!

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Re: Retirement Income

Post by Dave » Fri Sep 13, 2019 9:38 pm

ClodHopper37869 wrote:
Fri Sep 13, 2019 9:11 pm
sstterry wrote:
Thu Sep 12, 2019 6:15 pm
I am buying $10 worth of lottery tickets every week!
(I am sure it will be my turn to win soon)
Yep,me too, I make a IRA contribution every week at the 7-Eleven!
I have a friend who is a self made millionaire. He says that the lottery is a tax on people too stupid to do math.

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Re: Retirement Income

Post by Stocker Steve » Fri Sep 13, 2019 10:35 pm

ccr wrote:
Fri Sep 13, 2019 5:01 pm
Stocker Steve wrote:
Fri Sep 13, 2019 4:46 pm
Dave wrote:
Fri Sep 13, 2019 1:45 pm
One thing I notice that people who live long have in common is they get out and move every day. My grandma who lived to be 93 lived in town the last 45 years of her life. She had it figured out how many times she had to walk back and forth on her block to walk a mile. Every day rain or shine she walked at least a mile. And she lived in Tacoma Washington where it rains pretty often. There is a 90 year old gal here who works as hard as most men. She has 200 ewes and a couple hundred cows that she cares for every day. Use it or lose it.
That's one reason I always try to include the wife when doing chores.
she's lucky to have such a thoughtful hubby
That's what I say. :cowboy:
Stocker Steve

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Re: Retirement Income

Post by farmerjan » Sat Sep 14, 2019 11:01 am

I've heard that about the lottery. I figure since I don't smoke, chew, drink and hardly ever even chew gum, buying a lottery ticket isn't the worst thing in the world. I know I haven't won back what I've spent, but I keep hitting a few little 2 and 5 dollar times to keep it interesting. I don't play every week, just when the mood hits. I am sure not counting on it to be my retirement. Several in this area have won over the years, so good for them. One neighbor won something like 200,000 on a scratch off....

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Re: Retirement Income

Post by Caustic Burno » Sat Sep 14, 2019 12:21 pm

farmerjan wrote:
Sat Sep 14, 2019 11:01 am
I've heard that about the lottery. I figure since I don't smoke, chew, drink and hardly ever even chew gum, buying a lottery ticket isn't the worst thing in the world. I know I haven't won back what I've spent, but I keep hitting a few little 2 and 5 dollar times to keep it interesting. I don't play every week, just when the mood hits. I am sure not counting on it to be my retirement. Several in this area have won over the years, so good for them. One neighbor won something like 200,000 on a scratch off....
Neighbor east of me won 20 something million from Louisiana lotto a few years back. Took them about five years to end up dead broke. Lawyer owns it now. Moral of the story as a leading economist I once heard say, if you can’t manage a little you have no hope with a lot.
Money doesn’t buy happiness, but the lack does buy misery.

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Re: Retirement Income

Post by Dave » Sat Sep 14, 2019 6:34 pm

Caustic Burno wrote:
Sat Sep 14, 2019 12:21 pm
farmerjan wrote:
Sat Sep 14, 2019 11:01 am
I've heard that about the lottery. I figure since I don't smoke, chew, drink and hardly ever even chew gum, buying a lottery ticket isn't the worst thing in the world. I know I haven't won back what I've spent, but I keep hitting a few little 2 and 5 dollar times to keep it interesting. I don't play every week, just when the mood hits. I am sure not counting on it to be my retirement. Several in this area have won over the years, so good for them. One neighbor won something like 200,000 on a scratch off....
Neighbor east of me won 20 something million from Louisiana lotto a few years back. Took them about five years to end up dead broke. Lawyer owns it now. Moral of the story as a leading economist I once heard say, if you can’t manage a little you have no hope with a lot.
My best friend in High school. Hunting and fishing partner for years won the Washington State lottery in 1990. 13.75 million. He is dead broke and has been for about 15 years. Living on very small SS and a tiny pension. Was 40 when they won the money so he quit working. Stopped building SS and pension. Between the IRS, several wife, and booze the money is long gone. A couple years ago I gave him half a beef to help him make it through the winter. The first year after winning it was hooray I can go hunting and fishing all I want. The second year or so it was It is Wednesday and all my friends are at work. But every one at the bar was happy to see him no matter what day it was or the time of day.

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Re: Retirement Income

Post by farmerjan » Sat Sep 14, 2019 9:47 pm

Yeah, you hear stories all the time about people who win and then lose it all and are worse off than before. A farmer here won something like 5 or 8 million about 10-15 years ago. He retired from his full time job, but is still farming, does custom baling and stuff, buys and sells some equipment, buys feeders, and then sells them after they get to a his target weight. The neighbor who won the 200,000 had to pay off taxes and stuff against some family property that he inherited and still works but at least is more comfortable. Didn't go out and spend it all at one place type of thing.
I cannot imagine spending and going through millions of dollars like that. Guess I am too conservative. I would have a housekeeper though, as I would rather be in the barn, than dusting in the house!!!!!

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Re: Retirement Income

Post by Stocker Steve » Sat Sep 14, 2019 9:55 pm

Rule of 72 wins. SOB can calculate it for us.
Stocker Steve

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