Whats on your bucket list

alena06 posted:

I do have an enamel bucket   Just kidding...

...  I still wonder why companies don't allow folks to touch their 401k b4 they are 65. ...

Really!! 

Just retired @ 65; was allowed to make withdrawals @age 59 1/2 yrs; without having to pay 10% tax penalty

Also allowed to roll over 401K to a life annuity.  

 

The uncertainty of life should motivate us to prepare legal documents and leave written funeral instructions for our children. Also it is important that we write stories about our family, that we would like our future generation to know.

When appropriate, I believe we should also look after our funeral expenses like gravesite, funeral cost and headstone, because these cost increase about 5% each year.  Plus it might  save the children  a ton of headaches on short notice.   

Money paid for our funeral expenses also accumulate interest, that could be refunded to our children.

In our town, some people select the most economical grave site [$2400.], that allows for one casket and four urns, in each corner. If the urns are buried first, they can be temporary removed to place the casket.

I am thinking my headstone should read ' Life's work done on earth' with a Guyana flag, that links my gravesite with my Guyanese family. This is a place where I have not seen more than ten Guyanese here [thank goodness ] in 40 years. My liquor cabinet is still fully stocked.

My list is all about travel.

I have done a lot of Island/beach/All-inclusive.....but would like to do others....

- See our majestic Kaieteur Falls (will go once things get safer in Guyana )

- visit the land of my fore-fathers-India-at least once

- river-boat cruise down the Nile in Egypt and visit the Pyramids

- Europe - England, France and Italy

- If meh live long enough - visit the UAE

Feels like time is running away from me - but like Amral, I will have to do these alone as my hubby have no interest in these places!

hey.....maybe me and Amral can hook up......just for the travelling though since I see him as a brother!

Even after making nuff mistakes and paying for them, I'm quite satisfied with my past which made me who I am today, my present and also will be with my future, One Day At A Time. That is my big plan. One thing I always wanted to do was to own a Triumph Motor Cycle and ride the highway days in,day out, free as a bird. I now have the chance to do so but the excitement isn't there any more, things have changed, even had a chance to grab a 2006 which sat at my sister's place, but noooo. So much for my list.

I've also written a bit to leave for the younger lot, now working again on my family tree which is quite large and old, so old, it's yellowing with age. 

Had I purchased that bike I might not be around to finish what I started.  Either out riding like rass or kicked da dam bucket while riding.

IGH posted:
alena06 posted:

I do have an enamel bucket   Just kidding...

...  I still wonder why companies don't allow folks to touch their 401k b4 they are 65. ...

Really!! 

Just retired @ 65; was allowed to make withdrawals @age 59 1/2 yrs; without having to pay 10% tax penalty

Also allowed to roll over 401K to a life annuity.  

 

I too though Leena was mistaken when I read her post. I thought she was thinking about SSA retirement.

I don't have a bucket list. I like to live spontaneously. I do things like wake up one Saturday morn, go to the corner store and grab a few things, come back home and wake the wife telling her "rise and shine, we are going to Vegas". She would say "but we don't have reservations" to which I would say, "we drive to Vegas, if we find a room, we stay the night, if we don't, we drive back tonight". That kind of spontaneity, while quite impractical is very rewarding.

Tola posted:

When appropriate, I believe we should also look after our funeral expenses like gravesite, funeral cost and headstone, because these cost increase about 5% each year.  Plus it might  save the children  a ton of headaches on short notice.   

 

These are indeed expensive. Just last year, the funeral and cremation of my two in-laws cost nearly $20,000. to the funeral home alone.

ksazma posted:
Tola posted:

When appropriate, I believe we should also look after our funeral expenses like gravesite, funeral cost and headstone, because these cost increase about 5% each year.  Plus it might  save the children  a ton of headaches on short notice.   

 

These are indeed expensive. Just last year, the funeral and cremation of my two in-laws cost nearly $20,000. to the funeral home alone.

Our friend owns a funeral home here. Funeral home preparation and cremation for one person cost about $6K . It must be the difference between remote North Western BC  and populated Florida. Six months ago, a grave site with one casket and four urns cost $2400. from the city.

A year ago my eldest brother died in Ocala. I was surprised at the cost and additional add-ons, the family did not expect.  I assume places like Toronto and NY might cost the same as Florida.

In BVI, bodies at the cemetery are randomly stacked four high due to limited land space. They build their houses similar to burying their dead. After one body is buried redi-rods   are placed for the next funeral.   

Funeral expenses are way too costly in Ontario. Fee for this fee for that and fee for everything. Fee for the attendants to even stand there and smile to the guests. One even have to pay to open and close the little hole they are finally being laid to rest.  Personally I want to be entombed.  The cheapest way to dispose the body is to donate it to science.  Tola your story reminds me of stories I heard about the morgues in Dominica. My brother-in-law brother was doing his practical studies in Dominica, when he did his Pathology discourse he told us, that at night when the women are cleaning the morgue they chant hymns until they are finish.  The unclaimed bodies or the ones donated to science.  In one pile they have limbs, in another they have foot, another hands, etc.  

Curly_Sue posted:

Funeral expenses are way too costly in Ontario. Fee for this fee for that and fee for everything. Fee for the attendants to even stand there and smile to the guests. One even have to pay to open and close the little hole they are finally being laid to rest.  Personally I want to be entombed.  The cheapest way to dispose the body is to donate it to science.  

Well, most men can relate to that....even in their living years.

For me, I want to be cyrogenically suspended and resuscitated 100 years from now to see who still posting on this site and what are the hot topics!!

ksazma posted:
IGH posted:
alena06 posted:

I do have an enamel bucket   Just kidding...

...  I still wonder why companies don't allow folks to touch their 401k b4 they are 65. ...

Really!! 

Just retired @ 65; was allowed to make withdrawals @age 59 1/2 yrs; without having to pay 10% tax penalty

Also allowed to roll over 401K to a life annuity.  

 

I too though Leena was mistaken when I read her post. I thought she was thinking about SSA retirement.

You can take early retirement @ 62 - Social Security ... your Social payments with be reduced by approx 25 %.

With early retirement you can still work, but there's a maxi $$$ you can earn until you reach your real retirement age.

If you go over the fixed maximum amount;  then you will have to repay $1 for every $2 over.


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