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Retire?
Mar 21, 2009 15:14:11 GMT -6
Post by jeffolie on Mar 21, 2009 15:14:11 GMT -6
Retire?
There will not be anymore 'retirements'.
All the pensions funds are crashing. All the 401Ks have been cut in half to be'201Ks'.
Boomers will have to work until they die at their jobs, if they have a job.
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Retire?
Mar 21, 2009 17:19:19 GMT -6
Post by Mink on Mar 21, 2009 17:19:19 GMT -6
Stay healthy, live simply and work together.......I think one can live to work for the rest of their life.
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Retire?
Mar 27, 2009 9:24:51 GMT -6
Post by whoswho on Mar 27, 2009 9:24:51 GMT -6
I think some of us will retire, albeit very poor. I haven't given up yet, even though my 401k's were horribly reamed this time around. If I EVER recover, I will NEVER invest in the stock market, ever again. Don't know exactly what I'm going to do yet, but the current setup for "retirees" sucks shit eggs, and I want out of it.
Probably the best thing you can do for yourself is to have a paid off home, save what you can, and stay out of debt.
Hey, maybe if we're ALL poor, they'll have to bring the economy to meet US. ;D
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Retire?
May 19, 2009 21:16:08 GMT -6
Post by jimprofit on May 19, 2009 21:16:08 GMT -6
This is why people are suppose to have kids. That way if you're poor, you can always go live with your kids. Kids are a huge and often realiable investment. Let's say I have a kid at thirty. For what might be a twenty year investment of being this kid's father, in exchange maybe another twenty, thirty years from now. I'm living with him. Oh sure, I could've just saved money and kept myself out of this mess. But what person besides my kid is going to putup with my shit? lol! You gotta' think about these things man!
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Retire?
May 21, 2009 8:30:17 GMT -6
Post by whoswho on May 21, 2009 8:30:17 GMT -6
The problem is, it is not always that clear cut.
I know an older lady who was widowed... and put her house in her children's name. At first, they moved her into the garage at the back of the house. Then they told her to figure out her own problems. She ended up in government housing, by the grace of God. Her kids don't even want to drive her to her appointments.
Just having kids isn't the solution to everything.
We have five children in our family. When my dad died and they didn't instantly get his money, three of them got their panties in a bunch and never came back. So that leaves only two children to help our elderly mother. We never intended to put her in a rest home, but that's where she is now. Sometimes there's many a slip between the cup and the lip.
You sound young and inexperienced.
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Retire?
May 22, 2009 12:08:02 GMT -6
Post by jimprofit on May 22, 2009 12:08:02 GMT -6
Not so much young and inexperienced as apathetic. The needs of others just really do not concern me. My reaction is "sucks to be you".
I figure most people suck anyway. And their crappy lives are just the biproduct of being alive, and they probably had it coming anyway. Sure everyone has a right to live, and pursue the means to live a less crappy life. But to imagine that I somehow owe my sympathy, my labor, or my earnings to help them or even validate their existence is kind of ridiculous.
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Retire?
May 22, 2009 20:30:48 GMT -6
Post by waltc on May 22, 2009 20:30:48 GMT -6
Jeffolie wrote: There will not be anymore 'retirements'.
If you are like the typical American who lives way beyond their means; spoils their kids rotten and then pay for their drunken tour of college; and thinks their home is a ATM to buy SUV's, vacations and plasma screen idiot boxes. Then no you're screwed.
And 401k's, well it was insane to park all your money in a bubble of a stock market in the most highest yield stocks and funds one could find. When the stock market peaked during the Clinton years, that should have been a sign to move funds to safer vehicles.
Yeah I know all the stock and financial guru's said otherwise, but look most of these clowns came of age in the biggest stock market run in history and believed there was no down turn. Even though anyone who spent 10 minutes looking the DJ history knew differently.
And working for the rest of ones life is the fast track for chronic illnesses and then early death once you hit your early 60's and continue to work unless you have some cushy government job where you don't actually do work.
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Retire?
May 26, 2009 8:04:45 GMT -6
Post by whoswho on May 26, 2009 8:04:45 GMT -6
Not so much young and inexperienced as apathetic. The needs of others just really do not concern me. My reaction is "sucks to be you". I figure most people suck anyway. And their crappy lives are just the biproduct of being alive, and they probably had it coming anyway. Sure everyone has a right to live, and pursue the means to live a less crappy life. But to imagine that I somehow owe my sympathy, my labor, or my earnings to help them or even validate their existence is kind of ridiculous. Come back in twenty or thirty years and talk to me. Life will teach you more than I could ever tell you.
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Retire?
May 29, 2009 12:49:33 GMT -6
Post by whoswho on May 29, 2009 12:49:33 GMT -6
And working for the rest of ones life is the fast track for chronic illnesses and then early death once you hit your early 60's and continue to work unless you have some cushy government job where you don't actually do work. Amen, and amen. Why did we conceive of retirement in the first place? Wasn't it because there was a need for it? I'm sick of all the propaganda constantly being shoved in my face, implying that I should WANT to work til I'm in my seventies. I'm 56 and I feel like hell already. Enough of this "die with your boots on" mentality, pi$$ on heroism, I should have been gone a year ago. I'm tired of being shanghaied into something that I don't want, and having no other choice.
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Retire?
May 29, 2009 18:29:09 GMT -6
Post by judes on May 29, 2009 18:29:09 GMT -6
Right on Whoswho, I hear ya. Tell me why a nation with so many riches and resources and technological advancements has not evolved to a point where life can finally be enjoyed a little in ones golden years. Tell me we have not found a better way after so many years to improve our lives a little beyond the cave or the feudal society? Why bother with all the efficiency and productivity improvements at all if the rewards are only intended to go to a select few? I love all the career councilors who are now advising recent college grads that they should work for free if they can't find a job to improve their resumes. Ha, I wonder how many corporate kickbacks they are getting for that wonderful advice! If your gonna work for free, why do it for someone else? We are getting to a point where anarchy would be preferable to this kind of indentured servitude. At least with anarchy one would live and die truly by their own merit instead of the privilege that was afforded to oneself through the false constructs of a "free market".
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Retire?
May 30, 2009 1:43:46 GMT -6
Post by unlawflcombatnt on May 30, 2009 1:43:46 GMT -6
Tell me why a nation with so many riches and resources and technological advancements has not evolved to a point where life can finally be enjoyed a little in ones golden years. Tell me we have not found a better way after so many years to improve our lives a little beyond the cave or the feudal society? Why bother with all the efficiency and productivity improvements at all if the rewards are only intended to go to a select few? This is a fairly recent change. Up until the mid 90's, a lot of retirees did have fairly decent benefits that they could actually count on. But starting with the onset of the "greed-is-good" mania in the late 90's, much has changed and retirement security has essentially vanished. It was the Clinton-Bush years that first got everyone into the stock market, housing, or both, and then wiped them out for the benefit of the top-end greedmeisters. Amen.
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Retire?
May 30, 2009 10:37:59 GMT -6
Post by judes on May 30, 2009 10:37:59 GMT -6
This is a fairly recent change. Up until the mid 90's, a lot of retirees did have fairly decent benefits that they could actually count on. But starting with the onset of the "greed-is-good" mania in the late 90's, much has changed and retirement security has essentially vanished. It was the Clinton-Bush years that first got everyone into the stock market, housing, or both, and then wiped them out for the benefit of the top-end greedmeisters. I agree, it has been steadily getting worse. What gets me though, which kind of alludes back to whoswho point, is how many people have been brainwashed into believing that retiring to enjoy life in your later years is something that should not be desired or had by the masses. That people should feel it a duty to continue to work until they die, how workers don't deserve retirement and benefits etc etc. I get so sick of hearing this mantra even from people who would desperately love it for themselves. So instead of demanding a better way for themselves and for all they demand it be taken from those who have managed to achieve it for themselves. It makes no sense to me.
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Retire?
Feb 4, 2010 10:01:27 GMT -6
Post by whoswho on Feb 4, 2010 10:01:27 GMT -6
Facing the day with a slight feeling of foreboding! Because? Got a letter in the mail last night from my old employer.... the one I worked with for 23 years.
They are dropping broad hints that the company pension fund is underfunded, has been for the last three years, and that the federal PBGC *may* perhaps become our new bestest friend.
Let us hope not. Wouldn't surprise me though!
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Retire?
Feb 4, 2010 11:00:57 GMT -6
Post by nomad943 on Feb 4, 2010 11:00:57 GMT -6
You had the same job for 23 years? How in the heck did you manage that one? I've never manage to get 2 years in between layoffs. iTS ALL RELATIVE.
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Retire?
Feb 4, 2010 11:56:27 GMT -6
Post by whoswho on Feb 4, 2010 11:56:27 GMT -6
Well, I live in a part of the country that most people consider the asshole of the universe. Most folks do not want to live here. And I had an employer that liked it that way, because most of the employees were therefore a captive audience. So they could pretty much do as they pleased, and that gave them a lot of power.
Then, I busted my patootie to do everything in my power that would keep them happy.
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