Bills99999 Posted January 16, 2011 Share Posted January 16, 2011 (edited) I plan to semi-retire in December of 2002 Part of my retirement is a (approx) $120,000 lump sum payment I plan to use about $20,000 to put into some home improvements, about another $ 10,000 into a kid's college tuition, and about $5,000 into cheap vodka What do I do with the rest? Edited January 16, 2011 by Bills99999 Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted January 16, 2011 Share Posted January 16, 2011 I plan to semi-retire in December of 2002 Part of my retirement is a (approx) $120,000 lump sum payment I plan to use about $20,000 to put into some home improvements, about another $ 10,000 into a kid's college tuition, and about $5,000 into cheap vodka What do I do with the rest? Don't get into anything requiring you to know what decade it is. Link to comment Share on other sites More sharing options...
Bills99999 Posted January 16, 2011 Author Share Posted January 16, 2011 (edited) Don't get into anything requiring you to know what decade it is. I read your post three times before I "got it" I know I have been drinking tonight, but it has come to to the point where I can no longer hide behind that excuse Maybe I need to retire NOW? Maybe not. I am less senile than the powers that be are STUPID, and there is not enough vodka in the world to make me stupid as they are Correction--I will retire in Dec of 2012 Edited January 16, 2011 by Bills99999 Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted January 16, 2011 Share Posted January 16, 2011 (edited) I read your post three times before I "got it" I know I have been drinking tonight, but it has come to to the point where I can no longer hide behind that excuse Maybe I need to retire quit drinking NOW? Maybe not. I am less senile than the powers that be are STUPID, and there is not enough vodka in the world to make me stupid as they are Correction--I will retire in Dec of 2012 Man I love my beer, But quit the juice. The world is so much more interesting when you're sober and not hung over. Easy to say, sometimes hard to do but I did it. Edited January 16, 2011 by Jim in Anchorage Link to comment Share on other sites More sharing options...
/dev/null Posted January 16, 2011 Share Posted January 16, 2011 Correction--I will retire in Dec of 2012 Just in time for the Apocalypse Link to comment Share on other sites More sharing options...
BuffaloBill Posted January 16, 2011 Share Posted January 16, 2011 I plan to semi-retire in December of 2002 Part of my retirement is a (approx) $120,000 lump sum payment I plan to use about $20,000 to put into some home improvements, about another $ 10,000 into a kid's college tuition, and about $5,000 into cheap vodka What do I do with the rest? Have you budgeted for mixers? Link to comment Share on other sites More sharing options...
birdog1960 Posted January 16, 2011 Share Posted January 16, 2011 I plan to semi-retire in December of 2002 Part of my retirement is a (approx) $120,000 lump sum payment I plan to use about $20,000 to put into some home improvements, about another $ 10,000 into a kid's college tuition, and about $5,000 into cheap vodka What do I do with the rest? a rough guidline is to take your age and subtract it from 100. that's the starting point for percentage of savings in stocks. the rest should usually be consevatively invested in bonds or money markets etc (unless you have a big cushion for retirement). i like index funds for stocks as the fees are low and they beat managed funds about 70% of the time but stock picking really amounts to gambling in todays market. why not try your hand at the stock picking game over at ppp (2011 stock picking thread) and get some free practice? Link to comment Share on other sites More sharing options...
Just Jack Posted January 16, 2011 Share Posted January 16, 2011 What do I do with the rest? Go to Vegas, put it all on black. If you win, let it ride. Link to comment Share on other sites More sharing options...
Doc Posted January 16, 2011 Share Posted January 16, 2011 I plan to semi-retire in December of 2002 Part of my retirement is a (approx) $120,000 lump sum payment I plan to use about $20,000 to put into some home improvements, about another $ 10,000 into a kid's college tuition, and about $5,000 into cheap vodka What do I do with the rest? Save it for the liver transplant. Link to comment Share on other sites More sharing options...
thebug Posted January 16, 2011 Share Posted January 16, 2011 Maybe invest it in firefighting training and volunteer at a fire dept? Link to comment Share on other sites More sharing options...
Chef Jim Posted January 17, 2011 Share Posted January 17, 2011 What do I do with the rest? Use it to find a job. You're going to need it. Link to comment Share on other sites More sharing options...
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