Couldn't that issue be prevented with a will?My biggest concern is some guns that I don't want some worthless relatives to get.
I need to start selling some.
Couldn't that issue be prevented with a will?My biggest concern is some guns that I don't want some worthless relatives to get.
I need to start selling some.
As a young kid before my parents could trust me on my own they dragged along on Friday night grocery shopping. I'd help my grandmother, first and get her out to the car with her little bit of groceries and her case of beer.Had a friend who was a " those", always prepared for "something very big" for 50+ years. You should have seen him right after 9-11, the wacko in Waco, OK city bombing, Atlanta bombing, and right before Y2K, Maya Calendar, and a couple of dozen other "something very big" dates. Died quietly in his sleep after nothing very big happened. But he was prepared.
Couldn't that issue be prevented with a will?
While I understand your dismay, a gift is a gift, to be used as the 'gift-ee' sees fit.
Couldn't that issue be prevented with a will? wills haved to be probated
I heard that. Some may not want to probate a will because it would leave them owing all the bills.Not all wills are probated.
Sell your crap before you die and the wife sells it for a song.
That way the money is yours to enjoy today.
Yes, that’s me with my mid-Chinaflu beard. Just a goatee now!
I just retired for the second time and I’m trying to find my niche. All those years of working 60-70 hrs per week, on call 24/7, HOPING I survived to see retirement. Now, I lack structure in my life and need to regain it.
All those years of having a great income, I bought many items intending to enhance my retirement- tools, guns, a few luxury items. Now, many of them are items of a bygone era and hang like a literal albatross around my neck! What the hell do you do with a Rolex, engraved no less, when I don’t even wear or need a watch - the cell phone tells me the time! All just things I need to sell, give away, or dispose of so my heirs don’t think I had lost my mind.
<>gotta get rid of all the pants that have shrunk.
I just turned 62 in December…I ditched a little early doing Instacart & some other things I paid taxes for! So. didn’t feel one bit guilty about it. Though I will mention a racist altercation at the Texas Health & Human Services office… Boy, she got it Both Barrels… we were in a cubicle and she went there, black of course! I made a scene, her supervisor got involved and all the sudden, I got a call from an area supervisor. Needless to say, I’m going nuts, so I dropped the assistance and took a full time position again, it’s sales & I’ve been successful for 37 plus years… work till 67 for sure… Full retirement, my CPA said I’ll get a bump depending on my income and penalties… he said at this point you have nothing to lose! They’ll take what you and your employer pays in and your penalties… it goes back in the kitty & they divide it by 36… conservatively said you’ll get a $600-1000 raise on your benefits… invest what you can while working… SSI may run out within your lifetime… BigA Texas Semi-Retired @aellis1224 on #TruthSocial as well!!<>
“Death & Taxes”, they say. .. . . . .; .
But many here are facing “retirement” if we luck-out and get a few years between the job & the grave.
By now we’ve all seen financial advice ad nauseam, so not more of that.
Let’s share some non-financial discoveries we have uncovered around our own retirements.
For me, one major thing is de-junking before work life is over. I had accumulated lots of boating & hunting gear. But Wife is a “saver of things”, not so much a hoarder, but just likes to keep things which have little chance of being used in our lifetimes.
At one point, we had 3 rental warehouses & a garage filled with books, furniture, cooking equipment, sports gear, & assorted ammo. That stuff “costs’’ to keep in many ways.
Another is clothing. I didn’t realize just how much my usual wardrobe would change once retired. Of course snow-ski gear, wetsuits, & neckties went promptly. But it took me a while to fully understand that dress shoes, sports coats, & thin socks would never be worn again.
Even after losing some 60#, and taking loads of fat clothes to Church Charity, there were many more items still taking-up my life-force. A commercial cooking grease filter set, a complete never used child’s toy kitchen set, door covers for a JEEP whose doors stay on, a couple hundred rounds of 00, a few Galvanized anchors w/ chains, a giant box of giant scrub shirts, embroidered w/ my name, mesquite firewood from 2002, swimming pool skimmers (never had a pool), etc.
We become prisoners of our possessions. As ‘Rich Dad’’ Kiyosaki explained: What is an asset? An asset is something which, should you suddenly become disabled, would pay you regularly. Everything else is a liability. A boat, for example, has to be stored, insured, cleaned, maintained, etc. whether one uses it, or not.
Then, there is inertia born of lack of duties. We all have our bucket lists; but, what to follow them ?
We all as Humans can anticipate declining capabilities. If you really want an African Safari or a long offshore sailing voyage, don’t wait
OK, I’m out of ammo for now; please add your observations or advice.
leVieux
(retired)
<>
I just turned 62 in December…I ditched a little early doing Instacart & some other things I paid taxes for! So. didn’t feel one bit guilty about it. Though I will mention a racist altercation at the Texas Health & Human Services office… Boy, she got it Both Barrels… we were in a cubicle and she went there, black of course! I made a scene, her supervisor got involved and all the sudden, I got a call from an area supervisor. Needless to say, I’m going nuts, so I dropped the assistance and took a full time position again, it’s sales & I’ve been successful for 37 plus years… work till 67 for sure… Full retirement, my CPA said I’ll get a bump depending on my income and penalties… he said at this point you have nothing to lose! They’ll take what you and your employer pays in and your penalties… it goes back in the kitty & they divide it by 36… conservatively said you’ll get a $600-1000 raise on your benefits… invest what you can while working… SSI may run out within your lifetime… BigA Texas Semi-Retired @aellis1224 on #TruthSocial as well!!