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I tnnk alos people need to realise that beekeeepr is stil working as he is still producing. Anytime that you are producing you have to plan for the what if. That what if his if say you have a health problems that stops that production.Afterall I retired very early and have seen the difference between what I can do and what comes in later years to so many.Unless it is a large concern its not likely that you can hire to replace your labor.I have know alot of people who had to move from their acrage because not only the medical availablity but the fact that they couldn't use the land as they did when younger. This is one reason when looking back that farmers had large expended families that all lived on the land and young generations took over the labor involved.
I tnnk alos people need to realise that beekeeepr is still working as he is still producing. Anytime that you are producing you have to plan for the what if. That what if his if say you have a health problems that stops that production. After all I retired very early and have seen the difference between what I can do and what comes in later years to so many. Unless it is a large concern its not likely that you can hire to replace your labor.I have know alot of people who had to move from their acrage because not only the medical availablity but the fact that they couldn't use the land as they did when younger. This is one reason when looking back that farmers had large expended families that all lived on the land and young generations took over the labor involved.
Yes.
I feed chickens, goats, sheep and hogs everyday.
I have been planting ginseng on the forest floor.
Last year I planted 16 apple trees.
This year I plan to plant a dozen fruit / nut trees.
I have raised beds with garlic and onions.
And a couple beehives.
I plan to tap maple trees here soon. And then I will be picking fiddleheads as the snow melts.
I also have 2 kayaks tie-up in the river out behind the house. So I can go fishing whenever the mood hits me.
We sell eggs and veggies with a farm sign out next to our mailbox. Last year my annual farm income was less than one month's pension paycheck.
If I stopped planting things, it would lower our cost-of-living a great deal. As I would no longer be spending money on seed and trees. But we hope that one day we will begin seeing large harvests, and I may see a benefit.
It is 'work' of a sort. A few times I have hurt my back, and I have been laid up in bed for a week each time. I take things at a rate that I am okay doing.
I hope that by building up an organic farm now, that in the future it will require less 'work' form me.
I hope that by building up an organic farm now, that in the future it will require less 'work' form me.
I don't have a farm, but my organic property is a lot less work now (17 years after I started) than it was as I planted and built up the soil. It does get a whole lot easier as things get established. The veggies in the spring is the main work now.
While I don't plan on doing the scale that you have going, gardening is a great deal of pleasure to me and I intend on doing it until I absolutely cannot anymore. I will certainly count it as a retirement activity. Plus I love getting fresh veggies/fruit/herbs steps outside my door. I also put a lot of money into the plants. I will probably start a lot of things from seeds after retirement that I don't do now because I invariably have to travel during the seed starting season.
If it was a big money producer, then it would be a job and not really retirement.
This year I plan to plant a dozen fruit / nut trees.
I have raised beds with garlic and onions.
And a couple beehives.
I plan to tap maple trees here soon. And then I will be picking fiddleheads as the snow melts.
I also have 2 kayaks tie-up in the river out behind the house. So I can go fishing whenever the mood hits me.
We sell eggs and veggies with a farm sign out next to our mailbox. Last year my annual farm income was less than one month's pension paycheck.
If I stopped planting things, it would lower our cost-of-living a great deal. As I would no longer be spending money on seed and trees. But we hope that one day we will begin seeing large harvests, and I may see a benefit.
It is 'work' of a sort. A few times I have hurt my back, and I have been laid up in bed for a week each time. I take things at a rate that I am okay doing.
I hope that by building up an organic farm now, that in the future it will require less 'work' form me.
thats toooooo much like working..... i want my family crest to be a beer can and a hammock
i
I Hope all of you include in your planning the fact that you will need to keep increasing your withdrawls by about 3% a year in order to stay even with inflation...after 20 years of even moderate inflation your expenses will be almost double .....
i see many references here about the fact that people are living on all the bank interest such as one comment about someone who has 400,000 or so at 7% and they are drawing 28,000 a year from it, which means their nest egg is shrinking by the rate of inflation year after year ..... typically most calculations will allow you about 4% withdrawl or so based on the fact that a typical 50/50 mix of equities and cash/bonds will return a long term average of 6-7%... 3% stays with the nest egg keeping its value stable ,assuming the inflation rate is around 3% average and your free to take 4%...
that will give you a 95% chance of not running out of money....
just curious how many people are aware that their 25,000 withdrawl a year they are pulling will require 50,000 a year 20 years from now to pay the same bills ...
from the looks of it i think not to many, as alot of people are living off all the income and not growing their nest eggs to keep up
if i remember from posts back one fellow thought he was set for life with all his money in the bank because he was getting 5% and his 500,000 would give him 25,000 a year to live on.... he had not a clue in 20 years he would be taking a 50% pay cut and really needed 50,000 a year in withdrawls to stay even,,, he can typically pull only 10,00 a year inflation adjusted and still maintain at least a 95% survival rate,
although not all our expenses rise the same 3% a year overall i cant think of much thats not doubling every 20 years and catching up with all of us eventually
the retirement grave yard is filled with failed retirements because the person said aaaaah i wont need that much more money every year.....
all i can say is be fore warned, you really have to look at the lifestyle you want to live and take a look at a lot of the costs of whatever it is and see how they rose.... i have friends who are content on just living on their social security and live very expense limited lives but thats definatley not how i plan on retiring, in fact i think i may even need more then im earning working with all that free time coming up....
Now that the spendapalooza bill has passed, inflation is a coming.
maybe not high inflation but for sure higher interest rates..my best guess that this will just be a big ponzi scheme with new bonds paying off the old bonds... it will take higher rates to finance all this and attract that much world capital ... i dont think this will ever get payed off.
they are already talking a 50 year treasury bond........ while everyone thinks they will just print money to pay for this its probley not going to work that way... this will make madoffs ponzi scheme look puny
Last edited by mathjak107; 02-14-2009 at 06:07 AM..
not much has changed, I still plan on saving as much as I planned before. Interest rates crested this past year and now are on the way up...
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