Some days....

[TLC_CBR]

Originally posted by BusaBoy
I'm fighting a difficult battle of right and wrong in my mind. Stay at my job of 20+ years and be responsible, or throw it all away, cash in my 401K, collect my pension and go on every last damn group ride I can find until my cash runs out!

At this point I'm favoring the Group ride gig!

Well it's not that difficult you just need to make some assumptions. Assume you have another 30 years of life left, if you cash out now will your current cash cover expenses?
Do you get a retirement annuity monthly or just the lump sum from the 401K?

Do you have a mortgage? Car payments? Loans?

You would need at least $1,000,000,00 to live comfortably for the next 30 years. Barring any unforeseen illness, accidents or other problems

In short put a few more years in!!!!!!!!!!!!!!

[OreoGaborio]

... i'm pretty sure he was kidding around

[TLC_CBR]

Originally posted by OreoGaborio
... i'm pretty sure he was kidding around

Yes I know that and so was I geesh!

[BusaBoy]

But....but.......I want to ride NOW!

Originally posted by TLC_CBR
Well it's not that difficult you just need to make some assumptions. Assume you have another 30 years of life left, if you cash out now will your current cash cover expenses?
Do you get a retirement annuity monthly or just the lump sum from the 401K?

Do you have a mortgage? Car payments? Loans?

You would need at least $1,000,000,00 to live comfortably for the next 30 years. Barring any unforeseen illness, accidents or other problems

In short put a few more years in!!!!!!!!!!!!!!

[Legion1440]

Originally posted by BusaBoy
I've never done a track day...I would love to!

You're not helping my kids college fund Dave!

Bad, bad parent.....I LOVE IT, lol

[BusaBoy]

I should also point out that I have opted to not have any unforseen illnesses, accidents and/or other problems!

Originally posted by BusaBoy
But....but.......I want to ride NOW!