New Ytest
Sign out
Bimmerpost
Login
BMW E39 5-Series Forum | 5Post.com
BMW Garage BMW Meets Register Today's Posts  
Go Back   BMW E39 5-Series Forum | 5Post.com > BIMMERPOST Universal Forums > General Automotive (non-BMW) Talk + Photos/Videos

Post Reply
 
Thread Tools Search this Thread
      10-04-2024, 08:19 PM   #45
Bc2005
Lieutenant
United_States
369
Rep
439
Posts

 
Drives: 2021 M340i
Join Date: Jun 2021
Location: Virginia

iTrader: (0)

For those of you who don’t want to retire because you are going to be bored, think very hard and try to figure out how you are going to make that change in the future. Getting older won’t make your life less boring unless you take action and fix it yourself.
Appreciate 0
      10-04-2024, 11:35 PM   #46
pbonsalb
Lieutenant General
5720
Rep
11,239
Posts

 
Drives: 18 F90 M5, 99 E36 M3 Turbo
Join Date: Feb 2011
Location: New England

iTrader: (4)

I retired at the beginning of the year. Have not had enough free time yet to be bored. Too much to do. It’s more of the things I want to do. Maybe it is neglected things and I will catch up and then get bored.

Could have bought my dream car, a 911 Turbo (991.2 or 992), for what I have spent traveling. The memories and experiences are priceless. I have no regrets and will eventually also get that dream car or maybe it will be some EV.
Appreciate 2
mjj656.00
W///7772.00
      10-06-2024, 03:15 PM   #47
medphysdave
Major General
medphysdave's Avatar
United_States
4869
Rep
5,015
Posts

 
Drives: M2 CS | 85 of 592
Join Date: Apr 2015
Location: Charlotte, NC

iTrader: (3)

If you love your job and it's lucrative it can be tough to leave. I'd probably work for 6 more months if I felt like I could have my dream and not impact my retirement finances. On the flip side I think we all have to start the wind down process at some point. Just make sure the car doesn't get in the way.

But 100%. Work the extra 6mo if you're healthy, active, and mobile.
__________________
Appreciate 1
mjj656.00
      10-06-2024, 07:09 PM   #48
E90convert
Lieutenant
United_States
300
Rep
532
Posts

 
Drives: F87 M2 DCT, F15 X5
Join Date: Dec 2014
Location: Columbus, Ohio Metropolitan Area

iTrader: (0)

Quote:
Originally Posted by mjj View Post
As the OP, i worded my original post poorly. I turned this into a financial/affordibility question more than the true underlying intent.

Which was; is it foolish/selfish to spend significant money on a 4th vehicle as I am winding down my career?

I have a fully funded retirement, own multiple properties and have zero debt. I love my job and my CEO wants me to stay on and retire with him at the same time. I just purchased a 25 M4 Comp a few months ago. Love it and plan to keep it for the foreseeable future. I just always wanted a Porsche Spyder but they never had enough power to justify a narrow use vehicle…until the RS version came along with the GT3 engine. Reports are that the boxster is going to be all electric by 26 so I have the scarcity and time is running out influence.

I was just interested if others had ever contemplated this question and rationally walked through the thought process. To be honest, what I really wanted was “validation” from others to say go ahead and purchase your dream car.

Based on the feedback, that is what I plan to do. Thanks to all for the feedback.
Check out the book Die With Zero. It’s a controversial title, but the content offers a different perspective than the typical delayed gratification is “better” mindset.
I’m not making assumptions about you, but this book helped me enjoy life a little more now, and feel comfortable with my future planning, and the unknown. This book might make you feel like you have all the permission you need to enjoy the wealth you built.
__________________
‘18 F87 M2 DCT
'17 F15 X5 xDrive35i M-Sport
Sold in 2023 '12 F30 335i 8AT Sport Line
Sold in 2020 '08 E92 335xi 6MT
Sold in 2016 '08 E90 335i 6MT - FBO

Last edited by E90convert; 10-06-2024 at 07:12 PM..
Appreciate 1
mjj656.00
      10-06-2024, 09:49 PM   #49
mjj
First Lieutenant
656
Rep
348
Posts

 
Drives: 2025 M4 Comp Verde BR
Join Date: Sep 2014
Location: Home of #22

iTrader: (0)

Quote:
Originally Posted by E90convert View Post
Check out the book Die With Zero. It’s a controversial title, but the content offers a different perspective than the typical delayed gratification is “better” mindset.
I’m not making assumptions about you, but this book helped me enjoy life a little more now, and feel comfortable with my future planning, and the unknown. This book might make you feel like you have all the permission you need to enjoy the wealth you built.
I will definitely check that out. Thanks for the recommendation.
Appreciate 0
      10-07-2024, 03:28 PM   #50
Neusser
Captain
Neusser's Avatar
768
Rep
928
Posts

 
Drives: G31 540i; F87 M2
Join Date: Sep 2023
Location: Germany

iTrader: (0)

Quote:
Originally Posted by avantegardestyle View Post




this............
Will never understand this mentality.

I am 47 and could just about retire now if I sold my house and moved to the country, and honestly it is really tempting.

I will never understand how one could get bored with no job to go to.

The system may have taken your soul.
Appreciate 0
      10-07-2024, 04:09 PM   #51
David70
Colonel
1755
Rep
2,833
Posts

 
Drives: 20 AM Vantage -13 Cadillac ATS
Join Date: Apr 2012
Location: Cincinnati, OH

iTrader: (1)

I had a job where they eliminated the position, gave me a good severance and I didn't look for another job. Eventually about 9 months in a former colleague called and offered me a job (no longer there as he turned out to be a jerk, found another job). For about 6 of the 9 months I had plenty to do, eventually things ran out, my wife still works. I have hobbies, exercise, other things. I like to travel, it's difficult to do that 6 months a year as it gets really expensive. I probably have enough money to retire now but not sure I want to completely retire at my age. I think more likely would be to find I job I like more than my current job, do it part time. Whatever it pays would go to me able to spend extra.
__________________
2006 Z4M Coupe - ZHP knob, stubby antenna, clutch delay delete
Appreciate 0
      10-07-2024, 04:57 PM   #52
pbonsalb
Lieutenant General
5720
Rep
11,239
Posts

 
Drives: 18 F90 M5, 99 E36 M3 Turbo
Join Date: Feb 2011
Location: New England

iTrader: (4)

If you don’t have enough to do, then working part time as suggested above, preferably at something you enjoy or at least tolerate, is a great idea. Brings in some income as well. If you are counting on Social Security, beware that collecting before your SSA retirement age results in a clawback if you earn more than about $20k at your job while collecting SS. After your SSA retirement age, this does not apply.

I have no worries about running out of things to do. My wife has 3 small businesses spread across 4 locations, 2 of which we own. There are always things to do — we have a part time maintenance guy but there is enough additional work to occupy me indefinitely. We have 2 houses that I can tinker around. I have 2 cars to restore. We have traveled a couple of months each if the last 2 years and hope to continue doing so. Also have extended family to spend time with and help.

If I was single, I would have kept working.
Appreciate 0
      10-08-2024, 06:05 PM   #53
Donatello.
How's My Driving?
Donatello.'s Avatar
1250
Rep
1,082
Posts

 
Drives: Hellcat & Miata
Join Date: Apr 2020
Location: US

iTrader: (0)

Only 4 months? Hell yes I would
__________________
2018 Charger Hellcat
2019 Miata 30th Anniversary
2021 CX-5 Signature
2009 Mazda6
Appreciate 0
      10-10-2024, 06:39 PM   #54
Socal_R8
Major
Socal_R8's Avatar
2536
Rep
1,388
Posts

 
Drives: 981CS/428/is250/JLU Rubicon
Join Date: Jul 2017
Location: Center of the Universe

iTrader: (1)

I can't answer that until I know what the "dream car" is......lol
Appreciate 0
      10-10-2024, 07:47 PM   #55
Alfisti
Brigadier General
6885
Rep
3,221
Posts

 
Drives: 2008 Saab 9-3 Combi
Join Date: Nov 2014
Location: Toronto, Canada

iTrader: (0)

Miata
Appreciate 0
      10-10-2024, 09:06 PM   #56
mjj
First Lieutenant
656
Rep
348
Posts

 
Drives: 2025 M4 Comp Verde BR
Join Date: Sep 2014
Location: Home of #22

iTrader: (0)

Quote:
Originally Posted by Alfisti View Post
Miata
2008 Saab
Appreciate 1
Alfisti6885.00
      10-11-2024, 08:49 AM   #57
Pauly Wauly
Private First Class
4230
Rep
114
Posts

 
Drives: BMW 560X
Join Date: Jul 2023
Location: Medes N.

iTrader: (0)

Quote:
Originally Posted by Alfisti View Post
Miata
A Miata on steroids
Attached Images
 
__________________
“Straight roads are for fast cars, turns are for fast drivers.”
Appreciate 2
mjj656.00
lakefront627.00
      10-11-2024, 08:55 AM   #58
Alfisti
Brigadier General
6885
Rep
3,221
Posts

 
Drives: 2008 Saab 9-3 Combi
Join Date: Nov 2014
Location: Toronto, Canada

iTrader: (0)

Quote:
Originally Posted by mjj View Post
2008 Saab
Funny you say that because my 13 year old is adamant he wants to restomod the Saab wagon when he is old enough to drive. "It's so old it would be ironically cool dad".
Appreciate 0
      10-11-2024, 10:15 AM   #59
DrVenture
First Lieutenant
DrVenture's Avatar
1194
Rep
362
Posts

 
Drives: M550i 2022
Join Date: Jul 2024
Location: Midwest

iTrader: (0)

Garage List
2022 BMW  [0.00]
The older (dream) car that I want is the one that I have: a 2008 GT500. It is like a 1960's car in its simplicity, but very reliable, has the ABS, A/C and airbags and is faster/more powerful than anything from the 1960's. Plus, still easy to work on.

I have improved ride height, suspension, wheels/tires, power, clutch and cooling. Then added a head unit with backup camera and CarPlay - done! No frills, scary fast and still comfortable and reliable. I consider it best of both worlds.

The newer car that I covet is also in my garage - the 2022 M550i.
__________________
Carbon Black - Debadged|Mocha Nappa|DHP|DAP|Executive|Luxury Seating|M668 w/ DSW06+
Appreciate 1
Efthreeoh18975.00
      10-11-2024, 02:23 PM   #60
mjj
First Lieutenant
656
Rep
348
Posts

 
Drives: 2025 M4 Comp Verde BR
Join Date: Sep 2014
Location: Home of #22

iTrader: (0)

Quote:
Originally Posted by DrVenture View Post
The older (dream) car that I want is the one that I have: a 2008 GT500. It is like a 1960's car in its simplicity, but very reliable, has the ABS, A/C and airbags and is faster/more powerful than anything from the 1960's. Plus, still easy to work on.

I have improved ride height, suspension, wheels/tires, power, clutch and cooling. Then added a head unit with backup camera and CarPlay - done! No frills, scary fast and still comfortable and reliable. I consider it best of both worlds.

The newer car that I covet is also in my garage - the 2022 M550i.
I understand the love for the Shelby.
Attached Images
  
Appreciate 1
DrVenture1194.00
      10-11-2024, 03:46 PM   #61
Bumpinjeep
Colonel
Bumpinjeep's Avatar
United_States
6146
Rep
2,502
Posts

 
Drives: 2023 M2
Join Date: Mar 2017
Location: Redmond, WA

iTrader: (0)

Garage List
2023 M2  [8.33]
If it were me, I would work the 4 to 6 months and buy myself the retirement present I deserve.
__________________
Present: 2023 M2 BSM W/Carbon everything, 6 Speed
Past:2020 M2C HS Executive, 6 Speed
Appreciate 0
      10-11-2024, 06:03 PM   #62
dgoldenz
Lieutenant Colonel
2089
Rep
1,865
Posts

 
Drives: Vanquish, FF, 392 Wrangler
Join Date: Apr 2010
Location: Las Vegas

iTrader: (1)

Quote:
Originally Posted by Bumpinjeep View Post
If it were me, I would work the 4 to 6 months and buy myself the retirement present I deserve.
Or just retire and buy it anyway. Worst case scenario is losing $20-40k
Appreciate 1
      10-12-2024, 08:18 AM   #63
nick3753
Lieutenant Colonel
nick3753's Avatar
1134
Rep
1,518
Posts

 
Drives: 2012 e92 M3 DCT ZCP
Join Date: Oct 2010
Location: Michigan

iTrader: (0)

Garage List
2017 Audi S6  [0.00]
1997 BMW 328i Touring  [0.00]
2012 BMW M3  [0.00]


No brainer, work 4 more months, work 6 more, quit now and eat ramen the rest of your life. You only live once.

Seriously, worst case you sell it later and likely get what you paid, maybe more.
Appreciate 0
      10-12-2024, 09:32 AM   #64
JLPXP
Registered
6
Rep
4
Posts

 
Drives: 2022 BMW X5 Xdrive40i
Join Date: Oct 2024
Location: Miami, Florida

iTrader: (0)

Go for it. Life is too short. Work these extra months...
Appreciate 0
      10-16-2024, 01:43 PM   #65
STi from DSM
Lieutenant
STi from DSM's Avatar
336
Rep
554
Posts

 
Drives: 2022 M850i Xdrive GC
Join Date: May 2020
Location: Champlin MN

iTrader: (4)

Garage List
I have seen a lot of posts regarding this and what or what not to do. Ultimately it is the OPS decision, but I did not see one post in regards to what the OP said about his retirement situation with his CEO. It sounds like you have a great working relationship with your CEO and you want to retire at the same time. if working the extra 4-6 months will get you into your dream car should you do it? ABSOLUTELY! 4-6 extra months is nothing. It sounds like the OP has no debt, meaning everything is all paid off already so you would just have this car payment and other ancillary taxes that you have to pay. Let's imagine this car has a $225k price tag. Now please do not beat me up on these numbers. The national avg. rate from Autotrader is 6.89% APR. That would be roughly $3,840 per month. Assuming you have no house payment or car payments would this be doable? All signs point to yes for me. As long as you can afford it and there is little impact to your retirement, why not?

I also didn't take into consideration the OP would probably just be paying for the car out of his retirement and would not have a monthly payment, but I didn't want to assume.
__________________
2022 M850i Xdrive Gran Coupe (Twilight Purple) | 2019 Audi RS5 Sportback (Navarra Blue) | 2021 Audi S4 (Quantum Gray) | 2018 BMW M5 (Singapore Gray) | 2019 Audi RS5 (Mythos Black) | 2020 X3M Comp (Black Sapphire) | 2019 Audi RS3 (Mythos Black) | (2018 STi Type RA (Black) #391/500) | (2018 Audi RS3 Nardo Gray) | 2015 STi Base (Black) | (2013 WRX Base (Black)
Appreciate 0
      10-16-2024, 03:10 PM   #66
Efthreeoh
General
United_States
18975
Rep
19,605
Posts

 
Drives: The E90 + Z4 Coupe & Z3 R'ster
Join Date: May 2012
Location: Virginia

iTrader: (0)

"Frugal and risk averse." That's hilarious in the context of this thread.

Last edited by Efthreeoh; 10-16-2024 at 03:27 PM..
Appreciate 0
Post Reply

Bookmarks


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



All times are GMT -5. The time now is 08:23 AM.




5post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST