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DRINKERs (Dual Retirement Income No-Kids Early Retirement)
11-10-2009, 02:18 PM
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#1
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Full time employment: Posting here.
Join Date: May 2009
Location: Ottawa and Fort Myers
Posts: 778
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DRINKERs (Dual Retirement Income No-Kids Early Retirement)
Looking for a discussion with DRINKERS (we are pre-DRINKER, but only slightly).
Looking for words of encouragement or foreboding from 60-80+ year old DRINKERs.
Advice?
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11-10-2009, 02:49 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
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None from me, but I just wanted to chime in to say that we hope to become DRINKERS as well!
__________________
One day your life will flash before your eyes. Make sure it's worth watching.
Gerard Arthur Way
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11-10-2009, 03:34 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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What a let down. Oh well......... 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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11-10-2009, 03:43 PM
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#4
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Full time employment: Posting here.
Join Date: Mar 2007
Location: Anchorage
Posts: 731
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Why don't you want to hear from pre-60 DRINKERs? Age discrimination!!! Hah, mostly kidding.
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11-10-2009, 04:59 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 1,183
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 Or SINKERS Single Income No Kids (at home) Early Retirement? There are some of us although smaller in number we have been very resourceful.
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11-10-2009, 05:08 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Hmmm, I guess DH and I are PINKERS....pension income no kids early retired. 
__________________
There's no need to complicate, our time is short..
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11-10-2009, 05:33 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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 Quote:
Originally Posted by Kroeran
Looking for a discussion with DRINKERS (we are pre-DRINKER, but only slightly).
Looking for words of encouragement or foreboding from 60-80+ year old DRINKERs.
Advice?
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Not sure about the dual income. Does that mean two income streams are coming in somehow? Dual pensions?
We are a couple no kids, but we are living off one retirement portfolio - investments only, no pension.
Whatever - what kind of advice is needed? Oh nevermind - we're too young - we're only in our 50s (just barely). Guess we're not seasoned enough to give advice on this. 
Audrey
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11-11-2009, 06:46 AM
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#8
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Recycles dryer sheets
Join Date: Feb 2008
Posts: 106
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Quote:
Originally Posted by crazy connie
Or SINKERS Single Income No Kids (at home) Early Retirement? There are some of us although smaller in number we have been very resourceful. |
I'd like to hear from more SINKERS! 
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11-11-2009, 07:01 AM
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#9
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,340
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I suppose that makes me and DW SINKERS, although that may change if she gets a job. We can do fine on just the pension income and our budget is set up that way, and we did all right on that for five years. The bulk of the income from the job I have now is going into savings/investments although we do splurge a little more often than we would if I wasn't working.
She just applied for a budget technician position with the park service. If she gets it she would be eligible for a small pension after three years from prior government service.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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11-11-2009, 10:58 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Oct 2003
Posts: 1,324
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I'm gonna be a STINKER. Suburban two income no kids early retiree. Two incomes is better than one, then I'd be an OINKER.
__________________
We are, as I have said, one equation short. Keynes
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11-11-2009, 11:11 AM
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#11
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Oinkers: Only investments, no kids, early retirees.
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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11-11-2009, 12:25 PM
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#12
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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I guess we are Spinkers ( SS & Pension & Investments kids grown and out of the house )
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11-11-2009, 12:53 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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This is a NO KIDs thread, so I don't belong...........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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11-11-2009, 01:25 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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I'm laughing because kids should not have any effect on whether you retire early or not. They should not have any effect on whether you save up enough money for retirement or not. If they do happen to have an effect, perhaps too much money is being spent on them and cutting back is in order.
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11-11-2009, 01:44 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,186
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We can't qualify as DRINKERS but we are SMOKER's. (Spending Money On Kids Early Retired)
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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11-11-2009, 02:49 PM
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#16
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Quote:
Originally Posted by LOL!
I'm laughing because kids should not have any effect on whether you retire early or not. They should not have any effect on whether you save up enough money for retirement or not. If they do happen to have an effect, perhaps too much money is being spent on them and cutting back is in order.
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Are you kidding ?
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11-11-2009, 02:55 PM
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#17
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Full time employment: Posting here.
Join Date: Apr 2009
Posts: 939
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Okay, we qualify: unmarried couple (17 years), no kids, almost-60 and 61, trying/planning to retire soon. No pensions, just savings and we split the household expenses Can't think up a better acronym than the ones suggested above! Sounds like an interesting discussion thread.
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11-11-2009, 03:02 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by LOL!
I'm laughing because kids should not have any effect on whether you retire early or not. They should not have any effect on whether you save up enough money for retirement or not. If they do happen to have an effect, perhaps too much money is being spent on them and cutting back is in order.
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Now CARS, on the other hand, can really delay your retirement! And to read the threads on classic cars that we have occasionally here on the forum, one might conclude that cutting back on an expensive classic car habit is simply impossible. 
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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Only other DRINKER here, it seems.
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11-11-2009, 03:28 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,434
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Only other DRINKER here, it seems.
Quote:
Originally Posted by Kroeran
Looking for a discussion with DRINKERS (we are pre-DRINKER, but only slightly).
Looking for words of encouragement or foreboding from 60-80+ year old DRINKERs.
Advice?
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Advice? On what?
Children could be one leg of a retirement plan but I don't know the actuarial value or return on investment. That's the only thing I can think of that is different from everyone else here. I doubt if they have ever done that calculation either as they seem to not factor the kids in as a retirement investment. Oh, you probably don't have to put spoiling grandchildren in the retirement budget and plans.
Kidding aside, we are almost DRINKERs. I am 60 and still working. My husband is 63 and retired last July. We will have two pensions, SS and our savings to live on. I may retire at the end of 2010 when I turn 62.
But still, what is on your mind about this aspect of retirement?
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11-11-2009, 04:02 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2008
Posts: 12,657
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Well, we bought a rental property from a couple who had been, in essence, abandoned by their 3 kids who lived about 1,500 miles away. The man was 91, his wife was 85 and in poor health, and they were moving to an assisted-living facility. We heard later that the 91-year-old man attempted to moved their belongings himself, because they had no friends to help them, the 3 kids didn't help, and the couple did not want/did not have the $$ to pay movers. The neighbors from whom we heard this sad story, felt "guilted" into helping the couple move.
So, if kids are one leg of your retirement plan, be sure it's a sturdy one. Or have neighbors who are susceptible to guilt.
Amethyst
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success to be able to spend your life in your own way. Christopher Morley.
Even a blind clock finds an acorn twice a day.
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