Retirement Planning - Lessons Learned

[Hay Dude]

The lesson I wish I’d learned when I was 26 was to always marry someone your own age.

I’m approaching 60. My wife is 55. She wants to work until Medicare age while i want to bail from my challenging job at 60. So that means she will be working 10 years more than me.

I don’t want to wait 10 years for us to go do what we plan in retirement which includes a bit of traveling, but I don’t want to travel alone either.

Still not sure what I’m going to do and haven’t found anything I’d like to do while I wait for her to retire.

Ayup. My wife is much younger than me, too. We have different trajectories for retirement, but we both love what we do (well, most of the time)
My wife can take retirement early with a smaller pension. I don’t really want to retire, so it all may be concern over nothing.

 

[MoKelly]

A few companies prohibit employees working from home if home is a different state...

Happened to a friend that moved to his Tahoe cabin on the Nevada side...

Something about differences in state employment laws?

It may have to do with taxes and exposing the company to doing business in another state. Some states have franchise taxes that could be imposed on your company if your employee works (not just lives) in that state.

MoKelly

 

[MoKelly]

The lesson I wish I’d learned when I was 26 was to always marry someone your own age.

Still not sure what I’m going to do and haven’t found anything I’d like to do while I wait for her to retire.

Love knows no age!

MoKelly

 

[JethroB]

[FONT="]We see an incredible 42 percent of the U.S. labor force now working from home full-time. About another 33 percent are not working a testament to the savage impact of the lockdown recession. And the remaining 26 percent mostly essential service workers are working on their business premises. So, by sheer numbers, the U.S. is a working-from-home economy. Almost twice as many employees are working from home as at work.

From here:
[/FONT]A snapshot of a new working-from-home economy | Stanford News

I read the entire article. It left me with a lot of questions. 42% seems awful high and is it sustainable. There's a lot of shortages and disruptions right now. It would be sad to believe that only 26% of workers are 'essential', must be a lot of waste out there.

Edit: I just noticed the article was written last June (2020), so more understandable. The height of the early shutdowns.

 

[RickB]

I read the entire article. It left me with a lot of questions. 42% seems awful high and is it sustainable. There's a lot of shortages and disruptions right now. It would be sad to believe that only 26% of workers are 'essential', must be a lot of waste out there.

Not buying those percentages. Not by a long shot.

 

[JethroB]

It may have to do with taxes and exposing the company to doing business in another state. Some states have franchise taxes that could be imposed on your company if your employee works (not just lives) in that state.

MoKelly

And insurance/liability. At my last employer we dodged a lot of reporting and regulations by being totally in-state.

 

[JethroB]

Not buying those percentages. Not by a long shot.

Article written June 2020. Makes better sense now.

 

[MossRoad]

I think a lot of people think "workers" are laborers.

Who do you think is in all of those little itty bitty offices in 1 and 2 story buildings in every town in America, let alone the high-rise office buildings, and the office parks in most cities? People that sit behind computers all day.

 

[MossRoad]

Article written June 2020. Makes better sense now.

It's been going on for the past decade.

 

[MossRoad]

Not buying those percentages. Not by a long shot.

Try to find some data that contradicts it. I can't. I also found a survey that says about 43% of people want to continue working remotely, and only about 26% want to resume their pre-pandemic work schedule.