make a donation to the fz1oa
fz1oa chat
fz1oa picture uploader
maintain your own photo albums
locate fz1oa members
search the entire board
click here for fz1oa web site home page
register a new account, it's free!
email the fz1oa webmasters
read the fz1oa guidelines
read the fz1oa policy
open pat's fz1 site in a new window
open iowaz fz1 site in a new window
technical tips

Go Back   FZ1OA Message Board > FZ1 & Fazer Owners Association > "Off Topic" Discussion

Reply
 
Thread Tools Display Modes
Old 02-19-2020, 08:07 AM   #41
Duken4evr
Map Maven
 
Duken4evr's Avatar
 
Join Date: Oct 2006
Location: Parker, CO
Posts: 9,207
One thing for sure, absolute worst case scenario, the kids will get the equity in my paid off house. I talk tough, but am really a softie at heart, will keep in the family and the reality is I am too cheap to spend it all, that is in large part how I managed to accumulate it the 1st place on a fairly modest income. Shhh... Don't tell the kids

It is normal to think about how we plan to spend or not spend our money at the middle aged stage in our lives. I took a little different approach, really focused on how I want to spend my time during life's remaining healthy years. My job, which I had for nearly 30 years, was stressful as Hell, and I got out as soon as I could and still receive retirement.

Gave up a little per month on a pension doing that, but hanging in there and then getting out ASAP was the best pair of decisions I ever made. My hair had quite a bit of gray in it back then in 2017, now the gray almost gone, no hair care products involved. Had the annual physical, my Doc said the blood numbers, which were very good before, look even better. She was pretty surprised by this, told her it is all from stress reduction - working as an independent contractor gives purpose, but I no longer have any "stress". Big difference between "purpose" and "stress"
__________________
With experience of a tortured youth, we turn up the music and go in search of the truth.

Wise man said - "Don't go bagger too soon".


Get your FI maps right here:

http://www.mediafire.com/download/nr...1_Map_Pack.zip

Akra full exhaust mindless stationary rev out Video: http://www.youtube.com/watch?v=w5UNYBqHd7M
Duken4evr is offline   Reply With Quote
Old 02-19-2020, 09:23 AM   #42
WDD
Registered User
 
WDD's Avatar
 
Join Date: Aug 2005
Location: Marietta, GA
Posts: 9,092
I hear you on reducing stress.

Barring a crash like 2008, I should be out of here in 4 years. Then onto my first retirement goal of being my wife's trophy husband.


One thing I made clear in the will is that 1) kids can take what stuff in house they want for memories, and 2) everything else is to be immediately given away or dumpster, and 3) house MUST be on market within 6 months.

I do not want my kids to deal with clearing out a rat trap full of crap, opportunities for fighting over crap, etc.

I also stipulated that if under 30 years of age, they only get a small part of anything left over (should there be anything). The balance of what is left they get after age 30.
__________________
Not sure what I should put down for my signature.....
WDD is offline   Reply With Quote
Old 02-19-2020, 10:31 AM   #43
val guy
Go Celtics!!!!!
 
val guy's Avatar
 
Join Date: Mar 2017
Location: Godfrey, IL
Posts: 485
Quote:
Originally Posted by WDD View Post
I also stipulated that if under 30 years of age, they only get a small part of anything left over (should there be anything). The balance of what is left they get after age 30.
When we did our estate planning and wills, we did something similar. We stipulated that the boys will only get X% before the age of 30. After that, they get the balance.
val guy is offline   Reply With Quote
Old 02-19-2020, 10:38 AM   #44
Todd S
I got into RR's pants!
 
Todd S's Avatar
 
Join Date: Oct 2003
Location: Framingham, MA
Posts: 17,797
Good things to think about. Thanks for sharing, gang.

Missus and I have the kid as our beneficiary on everything, but we need to lock in a will. Or even smarter, put everything in a trust.

-T
__________________
Swapped the '05 FZ1 for an '17 Ariens 28 Deluxe.
My music: https://youtu.be/I51ScSCpOxU
More of my music: shitftolow.com
Todd S is offline   Reply With Quote
Old 02-19-2020, 10:41 AM   #45
okaugust
This is the way
 
okaugust's Avatar
 
Join Date: Apr 2005
Location: Wild West
Posts: 22,376
The worst part is watching one spouse have to bankrupt themselves paying for a few short months of lousy nursing home care for the other spouse. Someone who may have to live another 20 years with nothing left. Reminder to spend down before that happens.
__________________
Punishment is its own reward. IBA MEMBER 27716!
okaugust is offline   Reply With Quote
Old 02-19-2020, 02:47 PM   #46
Cougar
Nerd Herder
 
Cougar's Avatar
 
Join Date: Aug 2006
Location: Richland, WA
Posts: 11,790
Quote:
Originally Posted by WDD View Post
Three kids, youngest is Jr in college. We've provided for them growing up, made sure they got out of college with no debt. They're able to work / make a living.
We did the same thing. The oldest daughter (of 2) is now 33 and has over $100,000 saved and now saves $1,000/month besides the 16% she saves in her 401(k). The other daughter (32) is saving $1,000/week with her husband to buy a house. I don't worry a lot about their retirement and I'm doing fine in retirement myself.
__________________
'06, Ivan's ECU Flash, PCIII, Scorpion Can, Airbox Mod, Wire Re-route, 16T, Speedohealer, Ivan's AIS Kit, Cat Skinned, Flies Swatted, EXUP Gone, Lower Fairings, EvoTech Fender Eliminator, Givi V35's and Top Box, SW-Motech Racks, FZ-6 Footpeg Rubber, Blind Spot's Fuel Line, Fren Tubo Brake Lines & Pazzo Levers, Luke's Seat Latch Mod, R1 Shock & Satan's Adapter, Duken4evr Fork Oil, R6 Throttle, CD Screen


Cougar is offline   Reply With Quote
Old Yesterday, 09:01 AM   #47
CrazyBiker
Smooottthhh....
 
CrazyBiker's Avatar
 
Join Date: May 2008
Location: Fremont, CA
Posts: 6,395
Ohio National . 2M 700/yr
__________________
2015 Ducati Panigale 1299S
2016 Tuono V4 1100 Factory
2017 Tiger Explorer XCa
Past 06 FZ6, 07 FZ1, 06 Daytona, 12 S1000RR, 14 S1000R
CrazyBiker is offline   Reply With Quote
Reply

Go Back   FZ1OA Message Board > FZ1 & Fazer Owners Association > "Off Topic" Discussion


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -7. The time now is 06:21 PM.


Questions? Comments?
Click on name below to contact via PM
Rabeet (Admin) Desmo (Admin)

Powered by vBulletin® Version 3.7.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Website and Message Board Contents Copyright 2001-2007 FZ1OA
The marks YAMAHA® and FZ1® are used under license from Yamaha Motor Corporation, U.S.A.
The information on this web site is NOT approved or endorsed by Yamaha Motor Corporation in any way.
Page generated in 0.06256 seconds with 10 queries