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Old 07-10-2011, 04:11 PM  
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You Gotta Love These Retirement Commercials

They talk about just when a person should start saving and how much in order to retire with a million dollars. Not too much said about the 50% of American families who have trouble putting food on the table and sending their kids to a small community college...much less saving money for retirement.

My advise...if you're from a neer do well background, stay single, never date, never go to a show, never go to a football or baseball game, never eat in an upscale restaurant, never vacation, never get sick or disabled...then you will be able to be miserable for a whole lot longer.
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Old 07-10-2011, 04:51 PM  
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My advise...if you're from a neer do well background, stay single, never date, never go to a show, never go to a football or baseball game, never eat in an upscale restaurant, never vacation, never get sick or disabled...then you will be able to be miserable for a whole lot longer.
feeling cheery?

Yeah, pinching every penny so hard Abe's been complainin. I'm meeting new folks at a foodbank, have an electric reduction based on income and if I eat meat it's from the "reduced for quick sale" counter (always sniff before buying).

Never married but I came close. I have great taste in crazy wimmens and it keeps me off altars. I haven't been to more than one movie in 35 years (and that was a mistake), can't afford an NFL or NBA ticket and Subway is my idea of an upscale restaurant.

I have taken 2 or 3 vacations but that was it. Disability seems to come and go but all in all I'm astonished at how healthy a lot of me actually is.
You Gotta Love These Retirement Commercials-spud.jpg 

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Old 07-10-2011, 05:54 PM  
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I did it, ME ME ME ha ha . . . I DID get marr'd when I was a youngen, had three kids, made good money but was always scrimping to make ends meet. As a matter of fact, I marr'd her thinking she was gonna inherit mucho dinero from her dead papa. Instead, come to find out she marr'd ME thinking I was gonna inherit bucoo bucks from MY dead papa. Well, here we are 39 yrs later and we STILL can't afford a divorce. So I socked away money so that I could retire early and still be young enough to enjoy making her life miserable for years to come by staying home everyday!! Who's laughing now Ms Greedy!!!??!!?? HA HA!
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Old 07-10-2011, 08:44 PM  
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one can retire but it's not gonna be the cakewalk it was for previous generations, yes some blame lies on the people and a good bit on changing retirement plans.

in the past people bought smaller houses and were more aggressive in paying down mortgages, this led to the later part of their life they could work for retirement money by staying in their smaller house, now people have been buying big....

but a bigger issue is the evaporation of pensions/medicare and social security, And it is scary that the republicans want to destroy what benefits those do provide, once the next generation becomes older the **** is going to hit the fan as very few will be able to retire due to medical costs alone as people are not prepared to pay the $8000 -$15,000 per year on top of the medicare voucher to obtain healthcare.

Any republican that wants to cut benefits later but not now is just delaying the problem, the current generation of retires will have it made - guaranteed pensions, medicare and social security, the next generation will have to depend on the stock market and their luck to retire.
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Old 07-10-2011, 09:12 PM  
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the current generation of retires will have it made - guaranteed pensions, medicare and social security, the next generation will have to depend on the stock market and their luck to retire.
I'd agree but cuts to medicare are on the table right now. When you cut the income of people already on a fixed income some can bear it but many cannot.
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Old 07-11-2011, 07:22 AM  
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Originally Posted by RedJeepXJ View Post
one can retire but it's not gonna be the cakewalk it was for previous generations, yes some blame lies on the people and a good bit on changing retirement plans.

in the past people bought smaller houses and were more aggressive in paying down mortgages, this led to the later part of their life they could work for retirement money by staying in their smaller house, now people have been buying big....

but a bigger issue is the evaporation of pensions/medicare and social security, And it is scary that the republicans want to destroy what benefits those do provide, once the next generation becomes older the **** is going to hit the fan as very few will be able to retire due to medical costs alone as people are not prepared to pay the $8000 -$15,000 per year on top of the medicare voucher to obtain healthcare.

Any republican that wants to cut benefits later but not now is just delaying the problem, the current generation of retires will have it made - guaranteed pensions, medicare and social security, the next generation will have to depend on the stock market and their luck to retire.
Add to that the fact that during the last thirty years the manufacturing output in the United States has doubled but due to robotics and other automation there are half the number of employees required. Many of the jobs replaced by automation were $20 an hour plus benefits.

I'm 77 years old. I worked a good job for Union Carbide Corp. for 41 years. I retired with good insurance and a decent pension and I only had a high school education. I believe situations like that are gone forever.
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Old 07-11-2011, 08:31 AM  
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It's called planning! Those that start families and then start planning a future are the same ones that will be bitching that "things ain't the same" or "the government screwed me over" or........

Bottom line if your plan includes someone else doing something for you...that ain't a plan! Whether you make 20K per year or 200K per year, a plan can be made. Those two plans will be drastically different but they can be made long before the alternative plan of "blaming someone/something else" kicks in. If parents aren't teaching their children starting at 17 to 18 this hard story are not truly parenting their children! It is now, right now, that children should decide on a 20K or a 200K retirement.

Obviously, there are exceptions to every rule, like those who can't care/plan for themselves NOT those who don't or won't.
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Old 07-11-2011, 10:05 AM  
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Originally Posted by Hillman View Post
It's called planning! Those that start families and then start planning a future are the same ones that will be bitching that "things ain't the same" or "the government screwed me over" or........

Bottom line if your plan includes someone else doing something for you...that ain't a plan! Whether you make 20K per year or 200K per year, a plan can be made. Those two plans will be drastically different but they can be made long before the alternative plan of "blaming someone/something else" kicks in. If parents aren't teaching their children starting at 17 to 18 this hard story are not truly parenting their children! It is now, right now, that children should decide on a 20K or a 200K retirement.

Obviously, there are exceptions to every rule, like those who can't care/plan for themselves NOT those who don't or won't.
LMAO!!! About 15,000,000 unemployed right now...probably a lot more if the truth was known. It's real easy to come up with a magic formula for others less fortunate.

This country had a good thing going back when companies felt a necessity to share with employees, the government and their shareholders. Now...for the last twenty years they think they owe nothing except to their corporate executives and shareholders and this country will fall flat on it's face if that attitude continues.
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Old 07-11-2011, 10:15 AM  
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Originally Posted by Hillman View Post
It's called planning! Those that start families and then start planning a future are the same ones that will be bitching that "things ain't the same" or "the government screwed me over" or........

Bottom line if your plan includes someone else doing something for you...that ain't a plan! Whether you make 20K per year or 200K per year, a plan can be made. Those two plans will be drastically different but they can be made long before the alternative plan of "blaming someone/something else" kicks in. If parents aren't teaching their children starting at 17 to 18 this hard story are not truly parenting their children! It is now, right now, that children should decide on a 20K or a 200K retirement.

Obviously, there are exceptions to every rule, like those who can't care/plan for themselves NOT those who don't or won't.
not exactly true, there is no definitive investment strategy to make sure you have a specified amount of retirement funds to cover you until death, investments can bomb, even the best ones and that is where social security comes in. the old method worked well when people had plenty of kids and would just move in with them, but saying that someone must have kids is not a requirement in this country....

I get what you are saying but just because smart investing will usually pay off, it doesn't always, there are always events that can happen to destroy everything. That is why european countries tend to be more "socialistic" then america, after the war there were great problems, such as healthcare and they created health systems to take care of that. Financial downturns and war could happen here not too mention a myriad of other situations...


My generation has very little guarenteed to us, you look at it like a handout when it is not, I am paying into the system and I don't think it is unfair to have some basic level of protection to know if my financial planning doesn't work out I won't be living on the streets. Keep in mind regardless of how great your planning can take just one major event to lose it all.

social protections shouldn't be glamorous but just enough to survive, smart financial planning should account for anything more then that.

I know you are probably going to be against any of this type of regulation but I think social security should only be given out if someone's income falls below a certain point and that ALL employees should be required to put a percentage in a 401k type plan that CANNOT be borrowed against
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Old 07-12-2011, 08:52 AM  
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Originally Posted by Dorph View Post
LMAO!!! About 15,000,000 unemployed right now...probably a lot more if the truth was known. It's real easy to come up with a magic formula for others less fortunate.

This country had a good thing going back when companies felt a necessity to share with employees, the government and their shareholders. Now...for the last twenty years they think they owe nothing except to their corporate executives and shareholders and this country will fall flat on it's face if that attitude continues.
Come on Dorph think outside that little critical box of yesterday you live in. The point is, too many like yourself rely on "magic formulas". Those formulas are usually dependent on someone else fix'n the situation a poor ( or no) planner finds themselves. There is NO ONE that the current economic situation "snuck up on". This economy that is sooo unlike years past didn't just happen. Responsible capable people adjust to the present in anticipation of the future.

Emphasis on "responsible and capable"! Your argument gives credit to a wagon wheel maker complaining that there are no more wagons for his skill sets. Educate, adjust, adapt, plan....not find fault with what "is" now, especially when you saw it coming. Imagine the future as a train coming at you.....a plan is inevitable.

Now, am I talking investment planning, no, not only. A true "plan" covers everything for now and later.
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