Where are you hoping to retire to, where do you realistically expect to retire and why??

[FESTER665]

Somewhere in SW Missouri would be great IMO, they rank high for homesteading and 2A so it’ll be a good fit..

really just want land and a place I can shoot in my own yard if possible. Thinking between 40-100 acres would be ideal IMO

 

[Flyn]

Florida is more of a vacation destination than Texas. Orlando, especially has a LOT to do. Tons of great beaches, too, in Florida. Plus Cape Canaveral, Miami, the Keys, etc.

 

[Chet Donnelly]

We plan on a house on a lake in Southern Wisconsin for spring through fall and then somewhere out west, probably AZ, NM, or NV, for the winters.

 

[Outlaw]

Never gonna happen, retirement that is.

Working 'till noon on the day of your funeral crew checking in.

I'm 28, so, this is a ways out for me. I don't want to wait until retirement to end up where I want to be. My next move will probably be 30-40 miles north over the Wisconsin border. Somewhere I can live for 20+ years before civilization catches up to me. Ideally 40+ acres, plentiful outbuildings, some assorted livestock. With Hay prices how they are now a days, I'd probably dedicate any arable land to grow hay since it's a cheap crop to get into as far as equipment goes.

If one of my business ideas starts paying out past a comfortable living, I would consider a second property in the Rockies. Probably not Colorado with the population influx so I would lean towards Montana or Wyoming. Middle of nowhere type shit.

As far as income goes, my current 5 year plan is to make my first investment real estate purchase. Probably some sort of multi-unit commercial building. I've considered residential but the headaches that accompany it turn me off to the idea.

 

[Outlaw]

Wife and I have debated this...I don't want to be a slum lord, and shit ass renters have me worried...I'd rather just flip houses

Depending on how all of the current world atmosphere pans out, you might want to start saving for your first flip house now. 1-2 year from now there may be some good deals to be had. I'd like to flip another house in the future. As far as rentals go, look into commercial. That's the route I'm probably going to go on the advice of my lawyer and a few people far wiser than myself.

 

[MrDragster1970]

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I'm still thinking I will start doing flips/rehabs for disabled Veterans soon.
I've got a lead on a good crew that doesn't have much money, so maybe we can team up until I can build up my own team of Veteran only employees.

Not sure how much market there is for a specialty like that???


.

 

[Shawn1112]

Hoping to retire in 15-20 years. If things continue going well at work 15yrs will be very much doable.
Now a lot can change between now and then but my Wife and I are 100% dead set on retiring to Mexico. More than likely in the Maztalan area.
Very possible that we start building a house out there in the next 10yrs. My best friend has family there, in the next 5yrs or so his parents are going to be retiring to that area and having a house built. My buddy, myself and his Dad have had serious talks about buying a huge chunk of land in his Dads name as he has dual citizenship. Then having 3 modest homes built on that land, one for each of us. While my buddy and I are here still working we can rent it out seasonally, rent out permanently, or do the airbnb thing. With his Mom and Dad living out there among other family they can take care of everything for us.

If that doesnt work out then we are going to McAllen Texas area, 20 min from Mexico border. Have friends down in that area and your money goes a long way. The house my buddy just bought for $320k in that area is easily a $750k home here.

 

[Spivitz]

Interesting idea Shawn1112


Retired in Mexico, maybe we will join you

 

[Kensington]

Depending on how all of the current world atmosphere pans out, you might want to start saving for your first flip house now. 1-2 year from now there may be some good deals to be had. I'd like to flip another house in the future. As far as rentals go, look into commercial. That's the route I'm probably going to go on the advice of my lawyer and a few people far wiser than myself.

I would go commercial WAY before residential...I’m a commercial property manager by trade and my wife is a business law attorney. It would be an easy transition. We just need the capital

 

[MrDragster1970]

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You guys are insane, no frigging way I'm ever setting foot in Mexico again!! NEVER!!!!



.

 

[Mr_Roboto]

I'll split this into 3 categories:
-Hope to never retire. Want to at least have a hobby job of some kind, maybe the consultancy. Maybe I'll write instead. I don't know at this point but I do know I don't want to sit around and chill at the nursing home.
-Not in IL. A state where I can get some land, maybe a bit of quiet so I can make some noise. Maybe get myself an NFA toy. Freedom is good.
-See point 1. Retirement will be something to keep my mind functional and enjoying the world. You lose wonder with the world pack it the fuck in you're done.

 

[frank]

Florida here, I like the Sarasota area and same with the wife, we both would rather be their sooner then later in life, a lot sooner if possible. Start a mid life retirement ... meaning enjoy the outdoors more with our kids, and just not show up when we retire.

 

[Flyn]

Sarasota is in my area. PM me when you're ready and I'll fill you in on the area and find you something that suits you well. Siesta Key if you like more vacation traffic, the town has outdoor restaurants, bars, a Bears bar (SKOB) and a lot of happy vacationers. Plus one of the best beaches in the world. Long Boat Key, to the north, is more secluded but has St. Armand's Circle which has all the restaurants, bars, car shows that you would want. The mainland has the bigger city of Sarasota and lower prices than the Keys. The further you get from the water, the cheaper prices get.

 

[racerx43]

Arizona - just moved here from the Midwest - glad we did, got a few more years to work, but get to enjoy the lower taxes, better weather, and get to decide what “work” looks like over time. So glad I did it, now to figure out when to dial things back....

 

[Shawn1112]

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You guys are insane, no frigging way I'm ever setting foot in Mexico again!! NEVER!!!!



.

Because the media brain washes you and tells you it isnt safe

 

[Spivitz]

.

You guys are insane, no frigging way I'm ever setting foot in Mexico again!! NEVER!!!!



.

Don't be scared

 

[MrDragster1970]

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My buddy had land in mexico, it was down the road they found 27 heads laying.
That was enough for me, I am 100% a pussy about ever going to mexico again.

I have 2 trips left to do in my life, Aruba & Ireland.

.

 

[Spivitz]

Seriously Man, I want to go to Ireland too

 

[MrDragster1970]

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I'm 25%


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[Shawn1112]

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My buddy had land in mexico, it was down the road they found 27 heads laying.
That was enough for me, I am 100% a pussy about ever going to mexico again.

I have 2 trips left to do in my life, Aruba & Ireland.

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They kill that many on a nice weekend in Chgo

 

[MrDragster1970]

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That's why I haven't been in the city limits in years!!!
Hell I get nervous just crossing into Cook county!!!!


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[Aircal]

I don't plan to work but I do plan to volunteer. Would love to help with turtle rescue. Maybe wounded vets. Things like that.

 

[ZXMustang]

 

[Blood on Blood]

Working part-time doing something I enjoy
Ranch house on a lake, w/ a pontoon
Truck

Wife and I relaxing, fishing, seeing our kids / grand kids

 

[LikeABauce302]

I haven't thought much about it since it's 30+ years away for me. I do like the Chicago area. Ideally I'd have a second place somewhere south. Either in the smoky mountains near the Tennessee, NC border or a place near Charleston, SC.