Retirement

[lukethedrifter]

My problem is that my job is a physical one. Of course, I hope to be able to continue to do it as I get older but who knows.

[pioneer98]

I don't know if I will fully "retire" but I know a number of people who retired from a job, and either go back part time on contract, or they do freelance work. The freelance model is very appealing to me. One of the people I know who does this will take a temporary contract job anywhere in the country - so they get to travel and see some cool places they haven't been, too. They pick the part of the year that they want to work and try to line up a job, but can also get months off in between gigs. It doesn't always work out perfectly, but it's still better than working full time, year round, at an old age. If I have to work when I'm older, it wouldn't be a bad way to do it at all.

[planet planet]

Does everyone have a magic $ number upon which they will retire? My parents retired in their late 50's and I'm envious (aside from my Mom passing away a few years after retiring).

[IMADreamer]

I wonder and I have nothing to back this up, but if retirement is just a myth for most these days. Let's put personal finance aside and look at a much larger picture which is this country has a whole ball of [expletive] coming down the pipe. We've been fed a lie by the generation that ruined America that we (meaning people under 40) are a bunch of entitled pansies but the irony is this has all been done by the biggest group of entitled douchebags ever. I of course mean the baby boomers So they've taken the money for themselves all while sticking us with a piss poor infrastructure, broken banking, insurance, health care system, and govt. Then they have the audacity to tell us WE have to cut back.

In the mean time for decades they have been putting money in the mandatory retirement funds their work has provided for them and now that it's time to retire they are in so much debt they can't. So as they hit those magic numbers where they can start pulling money out of those funds they will, in record and huge numbers. What will this do to the stock market if over the next 10-15 years the people investing it will be pulling out. I gotta think it means it goes down. Who does that [expletive]? Well us young people because we will inherit a broken and depressed economy. Not to mention the housing bubble which is coming again because all those McMansions and subdivisions that were built in the last 20 years are owned by..... you guess it, dip [expletive] baby boomers that had to keep up with the Jones their whole life.

I was able to take myself out of the rat race and have been doing what I want for the better part of a year now. It's nice, but I still worry about what happens 30 years for now. When times get tough there is no way people are going to be paying me to photograph their car. The farming boom is already ending, etc, etc. $2 dollar corn is coming and there is a major land bubble in rural America that is going to burst in a big big way. This makes me question investing in more land. So basically my two main sources of income are iffy in the future. Realistically I'll probably be dead so it won't matter, but I still worry. I think huge bad economic things are coming to us all because we just haven't fixed any thing. If 2008 was almost a depression, what happens the next time when there is no more wealth left to transfer from the working class to the rich like we did back than? Crash and burn.

Again, I'm a complete moron so I'm probably way off base, but I just don't see any of our huge underlying issues getting fixed.

[Sutter'sBeard]

I wonder and I have nothing to back this up, but if retirement is just a myth for most these days. Let's put personal finance aside and look at a much larger picture which is this country has a whole ball of [expletive] coming down the pipe. We've been fed a lie by the generation that ruined America that we (meaning people under 40) are a bunch of entitled pansies but the irony is this has all been done by the biggest group of entitled douchebags ever. I of course mean the baby boomers So they've taken the money for themselves all while sticking us with a piss poor infrastructure, broken banking, insurance, health care system, and govt. Then they have the audacity to tell us WE have to cut back.

In the mean time for decades they have been putting money in the mandatory retirement funds their work has provided for them and now that it's time to retire they are in so much debt they can't. So as they hit those magic numbers where they can start pulling money out of those funds they will, in record and huge numbers. What will this do to the stock market if over the next 10-15 years the people investing it will be pulling out. I gotta think it means it goes down. Who does that [expletive]? Well us young people because we will inherit a broken and depressed economy. Not to mention the housing bubble which is coming again because all those McMansions and subdivisions that were built in the last 20 years are owned by..... you guess it, dip [expletive] baby boomers that had to keep up with the Jones their whole life.

I was able to take myself out of the rat race and have been doing what I want for the better part of a year now. It's nice, but I still worry about what happens 30 years for now. When times get tough there is no way people are going to be paying me to photograph their car. The farming boom is already ending, etc, etc. $2 dollar corn is coming and there is a major land bubble in rural America that is going to burst in a big big way. This makes me question investing in more land. So basically my two main sources of income are iffy in the future. Realistically I'll probably be dead so it won't matter, but I still worry. I think huge bad economic things are coming to us all because we just haven't fixed any thing. If 2008 was almost a depression, what happens the next time when there is no more wealth left to transfer from the working class to the rich like we did back than? Crash and burn.

Again, I'm a complete moron so I'm probably way off base, but I just don't see any of our huge underlying issues getting fixed.

It appears that the "Greatest Generation" was not real "great" at raising their kids not to f&&k their kids financially.

[Radbird]

I wonder and I have nothing to back this up, but if retirement is just a myth for most these days. Let's put personal finance aside and look at a much larger picture which is this country has a whole ball of [expletive] coming down the pipe. We've been fed a lie by the generation that ruined America that we (meaning people under 40) are a bunch of entitled pansies but the irony is this has all been done by the biggest group of entitled douchebags ever. I of course mean the baby boomers So they've taken the money for themselves all while sticking us with a piss poor infrastructure, broken banking, insurance, health care system, and govt. Then they have the audacity to tell us WE have to cut back.

In the mean time for decades they have been putting money in the mandatory retirement funds their work has provided for them and now that it's time to retire they are in so much debt they can't. So as they hit those magic numbers where they can start pulling money out of those funds they will, in record and huge numbers. What will this do to the stock market if over the next 10-15 years the people investing it will be pulling out. I gotta think it means it goes down. Who does that [expletive]? Well us young people because we will inherit a broken and depressed economy. Not to mention the housing bubble which is coming again because all those McMansions and subdivisions that were built in the last 20 years are owned by..... you guess it, dip [expletive] baby boomers that had to keep up with the Jones their whole life.

I was able to take myself out of the rat race and have been doing what I want for the better part of a year now. It's nice, but I still worry about what happens 30 years for now. When times get tough there is no way people are going to be paying me to photograph their car. The farming boom is already ending, etc, etc. $2 dollar corn is coming and there is a major land bubble in rural America that is going to burst in a big big way. This makes me question investing in more land. So basically my two main sources of income are iffy in the future. Realistically I'll probably be dead so it won't matter, but I still worry. I think huge bad economic things are coming to us all because we just haven't fixed any thing. If 2008 was almost a depression, what happens the next time when there is no more wealth left to transfer from the working class to the rich like we did back than? Crash and burn.

Again, I'm a complete moron so I'm probably way off base, but I just don't see any of our huge underlying issues getting fixed.

Grow a pair.

/babyboomerresponse.com

[lukethedrifter]

I'm one of the few with a fixed benefit pension left. It was part of the deal I signed up for and worked for less for. I'm going to be [expletive] if it gets taken away.

[Radbird]

There's always more good news on the way.

GE, IBM Ending Retiree Health Plans in Historic Shift

[Joe Shlabotnik]

There's always more good news on the way.

GE, IBM Ending Retiree Health Plans in Historic Shift

Just get health care out of the hands of companies. I don't understand why companies aren't lining up to offload their commitments to the government. I don't get it. National Health Care would be a boon to big business balance sheets.

[Radbird]

Socialist