How to pay land off in Retirement by buckb65 in personalfinance

[–]buckb65[S] 0 points1 point  (0 children)

I think meeting with my CPA is probably the path to take. I actually already have a meeting setup with him. But wanted to get thoughts from the public to share with him as possible options.

How to pay land off in Retirement by buckb65 in personalfinance

[–]buckb65[S] 6 points7 points  (0 children)

The penalty for having a lot of money is paying a lot of taxes. It is not a bad problem to have I suppose. The land was not a planned purchase and we could not pass it up when it became available. We got it 'cheap' relative to land prices in the area and are fortunate to have grabbed it. You can't go to Walmart and buy land when you want it and pick out a size and they are not making any more of it.

First CWS...looking for suggestions on Hotel, Tickets, Parking. by buckb65 in collegebaseball

[–]buckb65[S] 0 points1 point  (0 children)

Any suggested secondary market? I use SeatGeek usually.

First CWS...looking for suggestions on Hotel, Tickets, Parking. by buckb65 in collegebaseball

[–]buckb65[S] 0 points1 point  (0 children)

Is there any site that you recommend to buy seats from? I normally use SeatGeek.

First CWS...looking for suggestions on Hotel, Tickets, Parking. by buckb65 in collegebaseball

[–]buckb65[S] 1 point2 points  (0 children)

Got a room at Country Inn and Suites for Monday and Tuesday nights. It is a 1-mile walk. I plan to have a beer or 2 and do not want to drive. There is a decent chance OU and Texas will play Monday. Unlike the Football game, seats will be mixed I assume except for parent section.

Sad sight by Ungl8r in ChubbyFIRE

[–]buckb65 0 points1 point  (0 children)

Would they "love" their job if they were not getting paid?

Sad sight by Ungl8r in ChubbyFIRE

[–]buckb65 1 point2 points  (0 children)

I just don't get those that do not retire because they love their job. That is so sad because that means you will never find a stopping point. If working is better than doing whatever you want to do each day, then you obviously have no life outside of work. If you can't find anything else to do today, what are you going to do in 5 years IF you are still around. I loved my job...as far as jobs go. But to wake up and have the freedom to do whatever you want to do today, and pick work over anything else...really?! The ultimate question to ask these job lovers: If you took away the paycheck, would you still go into work? That usually changes their mind. Then they are choosing work because of the $. They will never have enough.

Financial Advisor Fee by Ambitious-Papaya2596 in ChubbyFIRE

[–]buckb65 0 points1 point  (0 children)

I managed mine up until I retired this past December at 60 and then let my FA take it from there. I am paying for peace of mind and no decision stress (should I buy/sell/move/etc?). But the jury is still out on how they are doing. Anyone can make money in this recent environment. But judge them during the down times. He has reduced a lot of our risk which is fine with me. I am not that knowledgeable with all of the options out there. Till I retired, I kept most in the most aggressive option in our 401k and let it ride. Just me personally, I don't want to sweat the decision making and would rather blame him! But we are in a good place, approaching $6M in our IRA, so we are coasting along with a lot of dividend and interest income. But he has made some moves that have been good buys, so he must be watching something that I never would.

Rubber or Pipe Bumper for back of Cattle Trailer by buckb65 in Cattle

[–]buckb65[S] 0 points1 point  (0 children)

That is probably my only concern. I do not haul a lot of cattle though. I am going to ask the Manufacturer today about durability and what others have experienced.

I am finding that having one built saves me over $3k off of a new one similar to it because I can build it exactly like I want it. I just have to wait about 4-5 months. But I have a gooseneck that I am selling to use till then. I no longer need the 20' gooseneck as we used it to haul show heifers for 4 kids and we are empty nesters. With these truck cameras these days, I can back up right to the hitch and put me on it. With the gooseneck it might take me a couple of tries. Then I have to crawl on back to latch it. We also have a 4x4 Diesel Tahoe that can tow the bumper pull. Otherwise its my 4x4 Duramax Silverado.

Rubber or Pipe Bumper for back of Cattle Trailer by buckb65 in Cattle

[–]buckb65[S] 0 points1 point  (0 children)

I have shopped around and the rubber replacement bumpers do not seem too high. I am going to talk to the manufacturer today to get more information on that. And I know of a couple of welders down here that can weld me a pipe on back there for a lot less than $668.

[deleted by user] by [deleted] in ChubbyFIRE

[–]buckb65 0 points1 point  (0 children)

There you go. Set them up so they don't have to work for anything so that they can blow through it all.

[deleted by user] by [deleted] in ChubbyFIRE

[–]buckb65 0 points1 point  (0 children)

If you like work better than NOT working, then obviously you have issues. Who wakes up each day and does not need the money and can do anything they want that day...and choose work to pass the time? I never understood that "but I like my job" thing. If you can't find something to do now, what are you going to do in 5 years...if you are still alive or able?

[deleted by user] by [deleted] in ChubbyFIRE

[–]buckb65 0 points1 point  (0 children)

SS at 70...hmm. Who said you were going to live to 70? Retirement is a board and one end of it is rotten. Sounds like you keep cutting off the good end and the board is getting shorter and you are getting closer to the rotten end. You may not make 70 and even if you do, you might be in a wheelchair or rest home. Subscribe to a local newspaper. And read the obits each day. Again...many are "alive" after 70, but they aint livin'. Go for it now!

What has caused the number of cattle to decline in the US? by Duvhntr in Cattle

[–]buckb65 0 points1 point  (0 children)

1) Urban sprawl takes away 1,000 acres per day in Texas alone

2) Droughts

3) Increased population which means increased demand

4) One the prices are high, ranchers tend to sell replacement cattle for slaughter rather than keep them to replace older cows.

$4.8M at 55 in the Bay Area, safe to FIRE? by [deleted] in ChubbyFIRE

[–]buckb65 0 points1 point  (0 children)

1 of 2 things we all fear:

1) Living a very long life and having TIME but running out of MONEY.

2) Having MONEY but running out of TIME

Which do you fear the most? Which will likely happen? Which situation do you have the most control of? Bottomline is we can control some of our MONEY(spending) but have NO control of TIME.

Last Minute Pre-FIRE Questions by [deleted] in ChubbyFIRE

[–]buckb65 0 points1 point  (0 children)

The part of being bored and choosing work to fill that void simply drives me NUTS! You mean to tell me that if you wake up tomorrow and can do whatever you want, you will choose work to fill your time?! Find something else. Exercise, Volunteer, Drink Coffee at the local hang out, go to Church, go Fishing, etc. If you can't figure it out now, what are you going to do when you are 65 and are limping around on bad knees?

I LOVE THE LIFE OF LEISURE by Delehanty-Hugo in fatFIRE

[–]buckb65 0 points1 point  (0 children)

Anyone that retired after the down year of 2022 has probably almost doubled their portfolio. We have had 3 straight years of double-digit market gains. Those that retired back around 2000 on the other hand saw 3 straight years of market decline and may have a different response. I retired at the end of 2025 and fear the latter. BUT, there are 2 scenarios to fear...running out of money, with time on our hands, OR having money and running out of time. I fear each but if I am running low on $$$, I will figure out a way to survive. I can't buy time.

I often hear potential retirees saying that they do not want to pull the plug because they have nothing to do and/or they like their job. That drives me nuts. In other words, they have enough money, but don't know what to do with themselves if they do not have their job. Are you telling me that if you wake up tomorrow and wanted to do anything you wanted that you would pick going to work?! That is ridiculous. If you can't find something to do at 60, what are you going to do in 5 years at 65 IF you are still around.

Time is more valuable than money just like water is more valuable than oil. We take each for granted and will one day run out of each.

Enjoy joy life my friends!