The New “What did you do with your Z today” (with off topic replies) XXXV

old guy · 03-25-2020, 11:46 AM

The further away from retirement the better off you are, so you young guys should be fine.
1. Don’t count on your 401k as your sole source of income in retirement, as a down turn is always a possibility, we’ve seen it in 09 and now.
2. Diversify, real estate, precious metals, art, pensions, even classic cars. A junk 240z is worth 3-4K and that’s what they cost new !
3. As you near retirement go conservative with your 401 meaning more toward interest only
4. Don’t go into retirement with debt. Have your house and any needed major improvements paid for. Have a good car ( cars ) paid for. And don’t bring any high interest credit card into retirement.

This is a simple plan that works! We started to plan in our mid thirties, my wife retired at 55 and me at 63
People who are dependent on there 401k are now going to be in poor shape as compared to just 3 weeks ago. What dissolved in three weeks could take years to recover

bunk · 03-25-2020, 11:59 AM

Quote:

Originally Posted by old guy

The further away from retirement the better off you are, so you young guys should be fine.
1. Don’t count on your 401k as your sole source of income in retirement, as a down turn is always a possibility, we’ve seen it in 09 and now.
2. Diversify, real estate, precious metals, art, pensions, even classic cars. A junk 240z is worth 3-4K and that’s what they cost new !
3. As you near retirement go conservative with your 401 meaning more toward interest only
4. Don’t go into retirement with debt. Have your house and any needed major improvements paid for. Have a good car ( cars ) paid for. And don’t bring any high interest credit card into retirement.

This is a simple plan that works! We started to plan in our mid thirties, my wife retired at 55 and me at 63
People who are dependent on there 401k are now going to be in poor shape as compared to just 3 weeks ago. What dissolved in three weeks could take years to recover

very well said.
Investing young is the key. The rule of 72 will work for the youngins. My mom had me started with IRAs and Mutual funds at 17

BettyZ · 03-25-2020, 12:02 PM

Quote:

Originally Posted by bunk

very well said.

Investing young is the key. The rule of 72 will work for the youngins. My mom had me started with IRAs and Mutual funds at 17

My 401k is African blood diamonds.

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SouthArk370Z · 03-25-2020, 12:06 PM

For the last 20 years or so, I've had most of my 401k invested in stable stocks/bonds that pay a dividend. Where possible, dividends are re-invested. Once or twice a year, I will take dividends that are not auto-re-invested and manually re-invest them. I don't worry about price changes and I almost never sell a stock as long as it is paying a decent dividend - I'm in it for the long haul.

But that strategy may not work for you. Depends on your situation.

bunk · 03-25-2020, 12:06 PM

Quote:

Originally Posted by BettyZ

My 401k is African blood diamonds.

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Didnt you read old guys post???? You have to diversify. Endagered animal meat trade, gay prostitution ring etc...

BettyZ · 03-25-2020, 12:09 PM

Quote:

Originally Posted by bunk

Didnt you read old guys post???? You have to diversify. Endagered animal meat trade, gay prostitution ring etc...

I tried! But JAR has near-total market penetration for gay prostitution rings, Spooler has a lock on cantankerous old man pills, and EW monopolized the chemical weapons production market.

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Leingod · 03-25-2020, 12:14 PM

Finally lunch time. Starving for some reason today.

bunk · 03-25-2020, 12:15 PM

Quote:

Originally Posted by BettyZ

I tried! But JAR has near-total market penetration for gay prostitution rings, Spooler has a lock on cantankerous old man pills, and EW monopolized the chemical weapons production market.

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Look into mini dildos. I think FP just injected one the dildo companies with a huge purchase.

JARblue · 03-25-2020, 12:26 PM

Quote:

Originally Posted by Hotrodz

Agreed! Thanks for the update and looking forward to receiving the pump and gears as Spooler said some of are real close on our engines being assembled.

lol not you though, right? How many other builds does Seb have in front of yours? I figured it was at least 4-5

Hotrodz · 03-25-2020, 12:32 PM

Quote:

Originally Posted by JARblue

lol not you though, right? How many other builds does Seb have in front of yours? I figured it was at least 4-5

LMAO, I am getting close. He is finishing up the last one before he gets to mine. I am hoping that he starts my build within the next month.

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JARblue · 03-25-2020, 12:37 PM

Quote:

Originally Posted by Hotrodz

LMAO, I am getting close. He is finishing up the last one before he gets to mine. I am hoping that he starts my build within the next month.

Sweet! So it should be done by ZDayZ

Hotrodz · 03-25-2020, 12:43 PM

Quote:

Originally Posted by old guy

The further away from retirement the better off you are, so you young guys should be fine.

1. Don’t count on your 401k as your sole source of income in retirement, as a down turn is always a possibility, we’ve seen it in 09 and now.

2. Diversify, real estate, precious metals, art, pensions, even classic cars. A junk 240z is worth 3-4K and that’s what they cost new !

3. As you near retirement go conservative with your 401 meaning more toward interest only

4. Don’t go into retirement with debt. Have your house and any needed major improvements paid for. Have a good car ( cars ) paid for. And don’t bring any high interest credit card into retirement.

This is a simple plan that works! We started to plan in our mid thirties, my wife retired at 55 and me at 63

People who are dependent on there 401k are now going to be in poor shape as compared to just 3 weeks ago. What dissolved in three weeks could take years to recover

Great advice and youngsters need to pay attention. I have a pension and will be debt free when I am done. Pretty much there now. Life happens and my divorce pretty much ruled out paying off my house or owning rental property. Put two kids through college and raised them to be self sufficient was a priority and it worked. The 401k is my get out jail bail money to pay off mortgage or at least make the payments. We will see which is the best financial especially if intrest rates get below 2. I'm not really worried because I have enough to be okay, I just don't want to adjust my lifestyle dramatically! Got to keep that money tree from becoming a money twig!!!

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Hotrodz · 03-25-2020, 12:48 PM

Quote:

Originally Posted by JARblue

Sweet! So it should be done by ZDayZ

That would be awesome but I doubt that it will be done by then. Also bringing the car to ZDAYZ just after paying for the build is not likely. Coming to ZDAYZ when I bring my car is about 3k for three or four days of fun!

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abm89 · 03-25-2020, 12:52 PM

I'm likely not going to make it to retirement age. By that time, the machines will take over.

So the plan is to ship the Z to Germany and go FLAT on Flugplatz

FPenvy · 03-25-2020, 12:53 PM

man the paranoia over this nonsense suckssssssssss.

was showing my sister how i do my deer jerky she wanted to learn.

got full sweat pants hoodie and beanie on. go inside my parents house and my new ocd tick is taking my temp. 99.4 i panic ran out the house then realize you fuckin idiot you were just moving a lot fully covered and your parents house is always a million degrees since my mom is bored and continuously cooking now. (not mad about that)

waiting 10 min after taking my hoodie off and it was 99.0 and 98.7

i'd like a break from this now

03-25-2020, 11:46 AM	#7066 (permalink)
old guy A True Z Fanatic Join Date: Apr 2015 Location: S.E. Michigan Age: 68 Posts: 2,710 Drives: 13 magma touring Rep Power: 2684369	The further away from retirement the better off you are, so you young guys should be fine. 1. Don’t count on your 401k as your sole source of income in retirement, as a down turn is always a possibility, we’ve seen it in 09 and now. 2. Diversify, real estate, precious metals, art, pensions, even classic cars. A junk 240z is worth 3-4K and that’s what they cost new ! 3. As you near retirement go conservative with your 401 meaning more toward interest only 4. Don’t go into retirement with debt. Have your house and any needed major improvements paid for. Have a good car ( cars ) paid for. And don’t bring any high interest credit card into retirement. This is a simple plan that works! We started to plan in our mid thirties, my wife retired at 55 and me at 63 People who are dependent on there 401k are now going to be in poor shape as compared to just 3 weeks ago. What dissolved in three weeks could take years to recover FL 4Motion, eastwest2300, FPenvy and 8 others like this. __________________ I better walk before they make me run....

03-25-2020, 12:06 PM	#7069 (permalink)
SouthArk370Z Premium Member Join Date: Nov 2010 Location: South Arkansas Posts: 8,435 Drives: 2014 Challenger Rep Power: 324198	For the last 20 years or so, I've had most of my 401k invested in stable stocks/bonds that pay a dividend. Where possible, dividends are re-invested. Once or twice a year, I will take dividends that are not auto-re-invested and manually re-invest them. I don't worry about price changes and I almost never sell a stock as long as it is paying a decent dividend - I'm in it for the long haul. But that strategy may not work for you. Depends on your situation. Rusty, Hotrodz, old guy and 2 others like this. __________________ Steering Lock Links - Search The370Z Bookmarklet - FSM @ NICOclub Mankind has progressed past the need for war but we haven't evolved that far. - NachoMahma

03-25-2020, 12:14 PM	#7072 (permalink)
Leingod A True Z Fanatic Join Date: Mar 2015 Location: Some Place Cold Posts: 16,060 Drives: In Circles Rep Power: 2684396	Finally lunch time. Starving for some reason today. Rusty and redondoaveb like this. __________________ I AM FLOOF! SOMEBODY FLOOF MY HORN!! ALL HAIL THE FLOOF!!I JUST FLOOFED ON THE FLOOR

03-25-2020, 12:52 PM	#7079 (permalink)
abm89 A True Z Fanatic Join Date: Feb 2013 Location: Austin, Texas Posts: 1,386 Drives: 11 370Z \| 24 EL450 Rep Power: 64763	I'm likely not going to make it to retirement age. By that time, the machines will take over. So the plan is to ship the Z to Germany and go FLAT on Flugplatz JARblue and old guy like this. __________________ Complete Parts List: https://github.com/abm89/ztouge-build

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