| Budget and Taxes Do you feel that raising taxes will help solve the debt of the United States? Are you a fan of Reaganomics? | 
05-03-2007, 02:50 AM
|
#1 (permalink)
| | Council Member
Join Date: Nov 2006
Posts: 1,203
Thanks: 65
Thanked 155 Times in 73 Posts
Level up: 46%, 181 Points needed | | What can we do to retire decently?
Baby boomers are starting retirement now; many with next to nothing- what can we do for ourselves and our parents? | 
|  | |
05-03-2007, 02:56 AM
|
#2 (permalink)
| | Council Member
Join Date: Nov 2006
Posts: 1,203
Thanks: 65
Thanked 155 Times in 73 Posts
Level up: 46%, 181 Points needed | | Unfortunately, Our parents did not have things such as 401K plans ESOP plans, IRA's and other retirement savings tools. Many thougfht(and still do) that Social Security would take care of everything. We all know that it won't. It was not established taking into account the rising cost of living as we know it is today. What do you think can be done? | |
| | |
05-03-2007, 03:26 AM
|
#3 (permalink)
| | Council Member
Join Date: Nov 2006
Posts: 1,203
Thanks: 65
Thanked 155 Times in 73 Posts
Level up: 46%, 181 Points needed | | Sorry, I had my attention elsewhere. i should have started this thread elsewhere in a different forum. RHS, is there any way we can tranfer this into a new forum topic? | |
| | |
05-09-2007, 02:04 PM
|
#4 (permalink)
| | Block Captain
Join Date: Jul 2006 Location: Virginia
Gender: 
Posts: 436
Thanks: 0
Thanked 0 Times in 0 Posts
Level up: 32%, 36 Points needed | | Quote:
Originally Posted by nuttyjoe  Unfortunately, Our parents did not have things such as 401K plans ESOP plans, IRA's and other retirement savings tools. Many thougfht(and still do) that Social Security would take care of everything. We all know that it won't. It was not established taking into account the rising cost of living as we know it is today. What do you think can be done? | Many of them did have the option of choosing these plans, but didn't. When the ponzi scheme called Social Security was first passed, the benefits were to start at an age BEYOND the average mortality rate of the American worker. IRA's have been around for decades....we used to sell them. ESOP's and things like that were up to the employer to offer, and 401Ks as well. But many didn't choose them even where offered.
These things were always available through your friendly local insurance agent, but the bulk of humanity has no understanding of insurance, and think it's a dirty word and insurance agents are like used car salesmen.
People who didn't prepare have themselves to thank.
__________________ regards, vharlow SongLyricsDatabase.com! Looking for those words? Check it out!
As scarce as Truth is, the supply has always been in excess of the demand. --J. Billings | |
| | |
05-09-2007, 02:47 PM
|
#5 (permalink)
| | Beer Man
Country:  Join Date: Jan 2005 Location: stuck in the middle
Posts: 4,599
Thanks: 27
Thanked 89 Times in 56 Posts
Points: 16,842, Level: 82 | Level up: 83%, 8 Points needed | | Quote:
Originally Posted by nuttyjoe Sorry, I had my attention elsewhere. i should have started this thread elsewhere in a different forum. RHS, is there any way we can tranfer this into a new forum topic? | If you think I should have moved it somewhere else let me know where you wnat it moved.
__________________ "We could not now take time for further search or consideration, our victuals being much spent, especially our beer." - William Bradford Clowns to the left of me, Jokers to the right.....
Now offering premium membership for only $25.00!! Click here to get started.! | |
| | |
05-09-2007, 03:34 PM
|
#6 (permalink)
| | Partisan
Country:  Join Date: Feb 2007 Location: Los Angeles
Gender: 
Posts: 8,371
Thanks: 101
Thanked 184 Times in 158 Posts
Points: 25,062, Level: 95 | Level up: 96%, 288 Points needed | | Quote:
Originally Posted by nuttyjoe Baby boomers are starting retirement now; many with next to nothing- what can we do for ourselves and our parents? | Pretty soon the govt will have to raise the retirement age, maybe to 70
__________________
| |
| | |
05-09-2007, 05:25 PM
|
#7 (permalink)
| | Block Captain
Join Date: Jul 2006 Location: Virginia
Gender:
Posts: 436
Thanks: 0
Thanked 0 Times in 0 Posts
Level up: 32%, 36 Points needed | | Yes, to perpetuate and preserve the ponzi scheme for the then dead....they've already spent all that money. It's really in the general fund. There is no such thing as a safety net.
__________________ regards, vharlow SongLyricsDatabase.com! Looking for those words? Check it out!
As scarce as Truth is, the supply has always been in excess of the demand. --J. Billings | |
| | |
05-10-2007, 02:05 AM
|
#8 (permalink)
| | Banned
Join Date: Mar 2007
Posts: 694
Thanks: 0
Thanked 0 Times in 0 Posts
Level up: 38%, 121 Points needed | | Quote:
Originally Posted by nuttyjoe Baby boomers are starting retirement now; many with next to nothing- what can we do for ourselves and our parents? | Unfortunately you are entering the class warfare zone. Class warfare is where the wealthy just want the working people to work until they die. When working people are not working and producing they become a problem. Wealthy people would rather you be dead than be a problem. | |
| | |
05-10-2007, 01:09 PM
|
#9 (permalink)
| | Community Leader
Country: Join Date: Dec 2005 Location: New England Shoreline
Gender:
Posts: 867
Thanks: 2
Thanked 2 Times in 1 Post
Level up: 45%, 99 Points needed | | Quote:
Originally Posted by billybobama Unfortunately you are entering the class warfare zone. Class warfare is where the wealthy just want the working people to work until they die. When working people are not working and producing they become a problem. Wealthy people would rather you be dead than be a problem. | Sad but true. They wonder why the poor hate the rich and feel oppressed.
__________________
Our Task must be to free ourselves... by widening our circle of compassion to embrace all living creatures, the whole of nature, and its beauty.
Albert Einstein
Hans Küng: "There will be peace on earth when there is peace among the world religions." | |
| | |
05-10-2007, 01:30 PM
|
#10 (permalink)
| | Council Member
Country:  Join Date: Mar 2007 Location: Here
Gender:
Posts: 1,474
Thanks: 4
Thanked 13 Times in 8 Posts
Level up: 41%, 24 Points needed | | My retirement plan is to marry rich.
__________________
One pill makes you larger and one pill makes you small,
And the ones that mother gives you don't do anything at all. | |
| | | Thread Tools | | | | Display Modes |  Linear Mode | |
