 |
07-08-2009, 07:40 PM
|
#1
|
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,263
|
"Can she make it?"
I thought "Young Dreamers" would be the appropriate place to put this story of someone who's been dreaming of retirement, even if she's not necessarily so young. Martha, did this make the news up your way?
StarBulletin.com - Mobile Edition
 Quote:
|
An 80-year-old secretary who hit a $1.3 million jackpot at a Minnesota casino Monday night says she can now finally quit working for Senior U.S. District Judge Samuel King.
|
She may have a pretty hefty tax bill in her first year, and her only protection against inflation is Social Security, but I think FIRECalc would be OK with a 6% or even a 7% SWR in this situation...
... depending on how much more time she's planning to spend in Minnesota.
__________________
*
*
The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
07-08-2009, 08:21 PM
|
#2
|
|
Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,710
|
Quick someone come up with an annuity joke! 
__________________
If you can read this.You can also read this.
|
|
|
|
|
07-08-2009, 08:29 PM
|
#3
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 7,355
|
I wonder how often she goes to the casino. Could it be the reason she had to work until 80? Anyway, luckily for her, it worked out.
|
|
|
|
|
07-08-2009, 08:39 PM
|
#4
|
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,263
|
Quote:
Originally Posted by NW-Bound
I wonder how often she goes to the casino. Could it be the reason she had to work until 80? Anyway, luckily for her, it worked out.
|
I was surprised that it was Minnesota instead of the California in Las Vegas. But yeah, I suspect the two are related.
__________________
*
*
The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
|
|
|
|
|
07-08-2009, 09:37 PM
|
#5
|
|
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 1,183
|
I wonder what her SWR will be?
|
|
|
|
|
07-08-2009, 09:47 PM
|
#6
|
|
Moderator
Join Date: Sep 2007
Posts: 11,220
|
She played the same slot machine for two days--that sounds pretty hard core.
She could have invested the $$ she spent at the slots over her years, but on the other hand, she probably didn't lose any in the markets over the past year.
__________________
Everything will be monkey in the end. If it's not monkey, it's not the end.
|
|
|
|
|
07-08-2009, 09:50 PM
|
#7
|
|
Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,196
|
I love how she says "I am going to call him and say I quit." Most jackpot winners don't seem so up front.
__________________
.
No more lawyer stuff, no more political stuff, so no more CYA
|
|
|
|
|
07-08-2009, 10:31 PM
|
#8
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 8,524
|
I'm surprised she didn't have a heart attack...
__________________
There's no need to complicate, our time is short..
|
|
|
|
|
07-09-2009, 04:36 AM
|
#9
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: Pines at East Nowhere, 43N Latitude, NY
Posts: 8,251
|
As long as she doesn't go back "just one more time" to the casino...
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
|
|
|
|
|
07-09-2009, 07:59 AM
|
#10
|
|
Moderator
Join Date: Oct 2005
Location: Texas
Posts: 13,430
|
Is that "One More Year" syndrome for gamblers?
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
|
|
07-09-2009, 09:42 PM
|
#11
|
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,263
|
Quote:
Originally Posted by bbbamI
I'm surprised she didn't have a heart attack...
|
I debated whether or not to post this followup, since sadly there does seem to have been some sort of stressor:
StarBulletin.com - Mobile Edition
Quote:
|
But a statement yesterday from the judge's office said Berry has been hospitalized in Minnesota after a medical emergency. She was in stable condition in the intensive care unit.
|
__________________
*
*
The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
|
|
|
|
|
07-10-2009, 09:38 AM
|
#12
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 8,524
|
Quote:
Originally Posted by Nords
I debated whether or not to post this followup, since sadly there does seem to have been some sort of stressor:
|
Uh oh. I almost feel responsible now. 
I wonder if she's having paperwork stuck under her nose by her family to sign as we speak?
__________________
There's no need to complicate, our time is short..
|
|
|
|
|
07-10-2009, 11:44 AM
|
#13
|
|
Moderator
Join Date: Oct 2005
Location: Texas
Posts: 13,430
|
Quote:
Originally Posted by bbbamI
I wonder if she's having paperwork stuck under her nose by her family to sign as we speak?
|
Or if long lost relatives suddenly take an interest in caring for her...
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
|
|
07-10-2009, 02:26 PM
|
#14
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 8,524
|
Quote:
Originally Posted by ziggy29
Or if long lost relatives suddenly take an interest in caring for her...
|
Hmmm, come to think of it...she does look familiar....
__________________
There's no need to complicate, our time is short..
|
|
|
|
|
07-10-2009, 04:12 PM
|
#15
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: Pines at East Nowhere, 43N Latitude, NY
Posts: 8,251
|
Quote:
Originally Posted by bbbamI
Hmmm, come to think of it...she does look familiar....
|
Isn't that the court lady who helped us discover after 50 years that we were twins separated at birth?
We should call to say hello. 
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
|
|
|
|
|
07-10-2009, 10:36 PM
|
#17
|
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,263
|
Quote:
Originally Posted by Bestwifeever
|
Thanks, I can't believe you guys are monitoring Hawaii's up-to-the-minute news team...
Judge King has become a local legend who's found his avocation and may never retire. A decade ago he co-authored the letter that busted the trustees of the nation's largest charitable estate trust.
__________________
*
*
The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
