HatterasJack

What are we going to do as a nation for those without retirement?

Rate this topic

144 posts in this topic

Social can only go so far and won't be a lot for many of these folks

 

SSI is federal welfare

 

Pensions are going the way of the dinosaur

 

Employer healthcare typically ends with retirement

 

few folks have sufficient IRA's and/or 401K's

 

And Social as an entitlement is deeply in trouble with the huge bubble of boomers retiring shortly

 

We're in a heap of trouble

 

Do the people reading this post feel that they're in decent shape for retirement?

 

And what does the country do for those ill-prepared financially when they hit their late 60's, 70's, 80's?

 

Could be your sibling; could be your IL's; could be your parents?

Edited by HatterasJack

Share this post


Link to post
Share on other sites

 

 

And what does the country do for those ill-prepared financially when they hit their late 60's, 70's, 80's?

 

 

The country will make a very loud faceplant as is falls and comes apart at the seems.

Share this post


Link to post
Share on other sites

60s is young, now days.

In my mom's retirement community there are several residents over 100, and still getting around well.

The median age is mid 80s, and these oldsters are active.

My point is that you better plan on living 40 years if you retire at 60.

Share this post


Link to post
Share on other sites

Social can only go so far and won't be a lot for many of these folks

 

SSI is federal welfare

 

Pensions are going the way of the dinosaur

 

Employer healthcare typically ends with retirement

 

few folks have sufficient IRA's and/or 401K's

 

And Social as an entitlement is deeply in trouble with the huge bubble of boomers retiring shortly

 

We're in a heap of trouble

 

Do the people reading this post feel that they're in decent shape for retirement?

 

And what does the country do for those ill-prepared financially when they hit their late 60's, 70's, 80's?

 

Could be your sibling; could be your IL's; could be your parents?

What we're gonna do is avoid the question, which appears over the  last few decades to have become The American Way, which disappoints the hell out of me.

 

There's a *retirement* crisis already. Nobody wants to talk about it, along with other difficult and unpleasant problems.

Share this post


Link to post
Share on other sites

Social can only go so far and won't be a lot for many of these folks

 

SSI is federal welfare

 

Pensions are going the way of the dinosaur

 

Employer healthcare typically ends with retirement

 

few folks have sufficient IRA's and/or 401K's

 

And Social as an entitlement is deeply in trouble with the huge bubble of boomers retiring shortly

 

We're in a heap of trouble

 

Do the people reading this post feel that they're in decent shape for retirement?

 

And what does the country do for those ill-prepared financially when they hit their late 60's, 70's, 80's?

 

Could be your sibling; could be your IL's; could be your parents?

I've been hearing the same story for 30 years yet ppl SS increase every year. It will never be allowed to go belly up they'll just print more money

Share this post


Link to post
Share on other sites

Getting old is not a surprise.  Everybody knows it is coming.  I don't have a lot of sympathy for people that don't take advantage of the 30-40 years they have to prepare for retirement.

Share this post


Link to post
Share on other sites

The only way I can see that the "country" owes a retirement to anyone is if they have financially raped said people throughout their working life.

 

If people have not saved for retirement... not planned and executed... lived beyond their means for 45 years... why do we have to do something about it at age 70?

Edited by hamlet

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to register here in order to participate.

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.