Retirement... (i.e. what are you going to be after you've grown up)

Haus · 2026-09-15T20:21:02-0400

Noodleface said:
Wife's been pushing for a financial advisor to save for retirement, but in my opinion it's a waste of money at our point in life.

My plan:
Keep debts down - right now just a mortgage and 1 car. No CC debt.
Max 401k contributions every year
Max Roth IRA contributions for both of us ($15k total), invest in S&P500 or other strong index funds
Profit

Am I being shortsighted here? Should we be doing more than the above?

I think this is our last year we can do a Roth IRA and might have to move to a backdoor Roth next year

I have recently engaged the services of a financial advisor, but also because I have a specific need that I want someone experienced in navigating to assist with in order to minimize costs to me.

In my case I had a windfall from a company I worked at which produced a very sizable pile of that company's stock. To the tune of 60% of my asset worth being that one company's stock. I want to diversify, but also I want to minimize/contain the tax hit of selling the stock to diversify. So I wanted an expert to get me some Autistic MinMaxer DPS levels of planning on how to do it. When I engaged them I was up front about that. Outside it I have a decently diversified set of investments (which might need a little, but not much, balancing). So I told them they essentially had one job, figure it out.

So far they've put together some decent plans for it. I'll still end up giving onto Caesar what is Caesar's and all... But at least I wont give them more than absolutely required.

Lanx · 2026-09-15T20:22:51-0400

Quevy said:
yeah, japan sucks for that. They tax 401k income and and all retirement structures. Their inheritance tax rules are also insane. It's mostly an issue if you become a permanent resident. If you don't get the permanent residency, then you're fine. They can't touch your overseas assets. I'm coming on 5 years in Japan. After I reach that mark, they can look at all my overseas stuff, and grab a piece of any assets over $200k (with the current exchange rate) that my parents will leave me. I'm really hoping they change the laws. It's just another thing that's driving down their birth rates.

i kinda gave up thinking about living in japan it's either some revolving yearly visa for the wealthy, a 6month digital nomad, or work visa lulz, fuck that toyota kaizen bullshit

Quevy · 2026-09-15T21:19:29-0400

Lanx said:
i kinda gave up thinking about living in japan it's either some revolving yearly visa for the wealthy, a 6month digital nomad, or work visa lulz, fuck that toyota kaizen bullshit

Yeah, I don't know how people tolerate working in Japan. It's very socialistic. You can be a super performer or a lazy bum and still end up in the same place.

Cad · 2026-09-15T22:56:47-0400

You guys who hate where you live, do you not have or make friends? Do you not have family? I’d leave Texas in a heartbeat for better weather but seeing as how just about every person I know and love in the world lives here I don’t see how that’s supposed to work. Saving a little money is important but what does the living standard matter if you have to abandon your social network?

Quevy · 2026-09-15T23:49:20-0400

Cad said:
You guys who hate where you live, do you not have or make friends? Do you not have family? I’d leave Texas in a heartbeat for better weather but seeing as how just about every person I know and love in the world lives here I don’t see how that’s supposed to work. Saving a little money is important but what does the living standard matter if you have to abandon your social network?

Chicago has gone full retard. If my company wasn't headquartered here and I didn't have family here, I would never come back.

Tarrant · 2026-09-16T00:01:10-0400

If not for my kids, I'd move else in a moment if I could line up work there ahead of time.

Noodleface · 2026-09-16T07:50:52-0400

MA is the most of 2nd most expensive state to live in. I'd move in a heartbeat

Ishad · 2026-09-16T10:33:54-0400

Cad said:
You guys who hate where you live, do you not have or make friends? Do you not have family? I’d leave Texas in a heartbeat for better weather but seeing as how just about every person I know and love in the world lives here I don’t see how that’s supposed to work. Saving a little money is important but what does the living standard matter if you have to abandon your social network?

I’ve started over in new states multiple times in my life. It’s not a big deal to meet new people and build a social network. Plus there’s no guarantee those people that you love that are here are going to stay either. Many will end up moving to be close to their kids/grandkids.

Secondly I want to move somewhere that not only I want to be but my kids/grandkids would want to come visit in the summer. That sure as hell isn’t Texas.

Quevy · 2026-09-16T11:43:05-0400

I've moved to several states and countries, and have never had issues creating a social circle. I still keep in touch with many of them. Many of them have also left where they lived as migration (sometimes from invaders) have forced them to seek greener pastures. However, I envy those who still live next to their friends and family and their hasn't been molested by "modernity" or invaders.

TJT · 2026-09-16T11:48:40-0400

Lanx said:
loosely seeing where i want to go

it seems hk/singapore/thailand structure their tax system to accept wealthy retirees, they have 0% tax on foreign income (remember 401k/pension/ss are all income)

they basically want you to just buy a house and live out your days there and spend money

Do you have the ability to get HK residency easily through your parents or something at least?

I am planning for my semi-retirement in the next decade out in Wyoming. Just looking for a property I really want.

Cad · 2026-09-16T11:55:38-0400

Quevy said:
I've moved to several states and countries, and have never had issues creating a social circle. I still keep in touch with many of them. Many of them have also left where they lived as migration (sometimes from invaders) have forced them to seek greener pastures. However, I envy those who still live next to their friends and family and their hasn't been molested by "modernity" or invaders.

I think I'm looking at it from how hard it's been to form a circle of quality people over 20+ years living in the same place here. It's tough and it's getting tougher. Good to hear you guys have been able to do it successfully, it's definitely something I'm worried about.

Quevy · 2026-09-16T12:31:55-0400

Cad said:
I think I'm looking at it from how hard it's been to form a circle of quality people over 20+ years living in the same place here. It's tough and it's getting tougher. Good to hear you guys have been able to do it successfully, it's definitely something I'm worried about.

For me it's mostly been meeting someone and joining their circle. There is also getting close to a few people and meeting others through them.

Cad · 2026-09-16T13:23:44-0400

Quevy said:
For me it's mostly been meeting someone and joining their circle. There is also getting close to a few people and meeting others through them.

Fair enough, most people I don't really like joining an existing group since I don't really care for most people - I tend to cherry pick cool people and then form my own little circle. But that could entirely be my own issue.

Furry · 2026-09-16T13:41:48-0400

TJT said:
Do you have the ability to get HK residency easily through your parents or something at least?

I am planning for my semi-retirement in the next decade out in Wyoming. Just looking for a property I really want.

I really like the way western wyoming looks, and it'd be higher up on my list of possibilities if the covid pricing surge there wasn't so crazy. It can be 3-10X or even higher to get the same sort of land/house versus the more reasonable parts of the US. I really like the idea of going outside to some mountains, but I'm not really sure I like them that much...

Quevy · 2026-09-16T13:46:01-0400

Cad said:
Fair enough, most people I don't really like joining an existing group since I don't really care for most people - I tend to cherry pick cool people and then form my own little circle. But that could entirely be my own issue.

That usually happens naturally, I think. But as you suggested before, it's a process. I've been in Japan for over 4 years, and I'm still building a social circle from friends of friends. I have home parties and get invited to random social events across various socioeconomic groups. One thing I've been lucky with is that my wife has similar instincts as me when it comes to people, which makes circle building much easier.

fred sanford · 2026-09-16T14:21:52-0400

Furry said:
I really like the way western wyoming looks, and it'd be higher up on my list of possibilities if the covid pricing surge there wasn't so crazy. It can be 3-10X or even higher to get the same sort of land/house versus the more reasonable parts of the US. I really like the idea of going outside to some mountains, but I'm not really sure I like them that much...

I took the family on a road trip this past summer to south western South Dakota. On one day we passed over into south eastern Wyoming to hike around the Devils Tower national park. That area in both states was just beautiful. I would love to move there when I retire.

Furry · 2026-09-16T14:41:54-0400

fred sanford said:
I took the family on a road trip this past summer to south western South Dakota. On one day we passed over into south eastern Wyoming to hike around the Devils Tower national park. That area in both states was just beautiful. I would love to move there when I retire.

It definitely is a super gorgeous area, make sure you stay a winter before committing though. It's been a long time since I lived somewhere where I thought 20 degrees was finally some nice summer t-shirt weather. It takes getting used to.

fred sanford · 2026-09-16T14:58:37-0400

Furry said:
It definitely is a super gorgeous area, make sure you stay a winter before committing though. It's been a long time since I lived somewhere where I thought 20 degrees was finally some nice summer t-shirt weather. It takes getting used to.

I have experienced some mild winters in my youth, but I’ve been living in Florida for well over 20 years now. My wife is a native Floridian. We definitely would need to experience harsh winter before committing to something like that. In a perfect world, I would keep my house in Florida and have a place up there so we could go back-and-forth.

Cad · 2026-09-16T15:05:01-0400

fred sanford said:
I have experienced some mild winters in my youth, but I’ve been living in Florida for well over 20 years now. My wife is a native Floridian. We definitely would need to experience harsh winter before committing to something like that. In a perfect world, I would keep my house in Florida and have a place up there so we could go back-and-forth.

I lived in Vermont/Upstate NY for 3-4 years in my youth, and the winters are no fucking joke. If you are from the south you'd probably think people are full of shit when they describe 4 foot snow drifts that are present from November until May.

Hatorade · 2026-09-16T15:08:38-0400

Cad said:
You guys who hate where you live, do you not have or make friends? Do you not have family? I’d leave Texas in a heartbeat for better weather but seeing as how just about every person I know and love in the world lives here I don’t see how that’s supposed to work. Saving a little money is important but what does the living standard matter if you have to abandon your social network?

I can move 2 hours outside Houston and still visit my friends them in the same amount of time it takes me now. Traffic here is not to be understated.

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Retirement... (i.e. what are you going to be after you've grown up)

Haus

I am Big Balls!

Lanx

Quevy

Sheriff Cad

scientia potentia est

Quevy

Tarrant

Noodleface

A Mod Real Quick

Ishad

Bronze Baronet of the Realm

Quevy

TJT

Mr. Poopybutthole

Sheriff Cad

scientia potentia est

Quevy

Sheriff Cad

scientia potentia est

Furry

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Quevy

fred sanford

Sanford & Son: Owner, Operator

Furry

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fred sanford

Sanford & Son: Owner, Operator

Sheriff Cad

scientia potentia est

Hatorade

A nice asshole.