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Study: Many Boomers Lack Retirement Fund
http://biz.yahoo.com/ap/070730/boomers_savings.html?.v=2 ^

Posted on 07/30/2007 7:31:07 PM PDT by traumer

click here to read article


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1 posted on 07/30/2007 7:31:09 PM PDT by traumer
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To: traumer

“Shop till you drop” will become WORK TILL YOU DROP...


2 posted on 07/30/2007 7:32:12 PM PDT by traumer
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To: traumer; qam1

Baby Boomer retirement plan: Tax their children!


3 posted on 07/30/2007 7:34:14 PM PDT by Incorrigible (If I lead, follow me; If I pause, push me; If I retreat, kill me.)
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To: traumer

They all believe Hillary when she promises that social security will be there to take care of you in your old age. They are counting on old people not being able to shoot straight.


4 posted on 07/30/2007 7:34:53 PM PDT by Brilliant
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To: traumer

duh...gotta have that vacation every year, a new car, cable TV, a cell phone and saving is... well... hard. Plus the government will take care of me.


5 posted on 07/30/2007 7:35:02 PM PDT by Wheee The People (Go FRed)
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To: Wheee The People

Some folks can’t resist living for now. They were born broke and that’s the way they’ll die too.


6 posted on 07/30/2007 7:36:37 PM PDT by B4Ranch ( "Freedom is not free, but don't worry the U.S. Marine Corps will pay most of your share.")
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To: B4Ranch

The article says retirees don’t have enough saved to keep their pre-retiree lifestyle. Well double duh.


7 posted on 07/30/2007 7:41:04 PM PDT by pacpam (action=consequence and applies in all cases - friend of victory)
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To: Wheee The People

And don’t forget the lardasses who run to the buffet 3X per week.


8 posted on 07/30/2007 7:41:12 PM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: pacpam

its awesome i have no lifestyle im bulletproof


9 posted on 07/30/2007 7:42:05 PM PDT by Flavius
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To: traumer
My Dad always taught us...by example,not by words...to work,work,work...save,save,save...and live beneath your means.That’s one of several important lessons he taught me for which I’ll be forever grateful.
10 posted on 07/30/2007 7:43:48 PM PDT by Gay State Conservative (If martyrdom is so cool,why does Osama Obama go to such great lengths to avoid it?)
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To: traumer

Sell the multi bedroom, multi bathroom home.
Why 1 or 2 people in 3 - 4 bdrm homes
Sell one of the cars or better yet all of them.

Put the money in savings or invest a small part of it.

Folks create their own problems.


11 posted on 07/30/2007 7:47:06 PM PDT by SoCalPol (Duncan Hunter '08 Tough on WOT & Illegals)
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To: traumer

Everybody seems to forget “Senior Discounts” at Denny’s.


12 posted on 07/30/2007 7:49:11 PM PDT by irishtenor (There is no "I" in team, but there are two in IDIOT.)
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To: traumer

Retirement? I know of twenty-somethings with $25k to $40k on credit cards. That maybe a hole too large to dig out of...


13 posted on 07/30/2007 7:50:17 PM PDT by Libloather (That's just what I need - some two-bit, washed up, loser politician giving me weather forecasts...)
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To: traumer

Retirement funds,come on huh? We the boomer generation have been the most TAXED generation in the friggin history of the country. True there have been opportunities for some but we’ve also been expected to carry the financial water for a country that’s gone big time socialist with welfare,disability as well as education,highway system cost,foreign aid and tons of other special interest expenses.Save me the BS of retirement funds huh !!!


14 posted on 07/30/2007 7:52:51 PM PDT by Obie Wan
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To: traumer

“Study: Many Boomers Lack Retirement Fund”

Those of us that have a retirement plan will not have it long... if the hildebeast gets in!

LLS


15 posted on 07/30/2007 7:53:06 PM PDT by LibLieSlayer (Support America, Kill terrorists, Destroy dims!)
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To: traumer

I’m waiting for the Super Anti Oxidants that scientists are promising so I can live to 140 and work till I’m 132. Won’t that be great?


16 posted on 07/30/2007 7:53:34 PM PDT by gbs
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To: rbg81
And don’t forget the lardasses who run to the buffet 3X per week.

The "lardasses" are not likely to put off the cardiac arrests long enough to need that retirement income.

17 posted on 07/30/2007 7:56:33 PM PDT by bikerMD (Beware, the light at the end of the tunnel may be a muzzle flash.)
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To: Obie Wan

Ditto and don’t forget about AMT.


18 posted on 07/30/2007 8:06:35 PM PDT by PA Engineer (Liberate America from the occupation media.)
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To: Incorrigible; ItsOurTimeNow; PresbyRev; Fraulein; StoneColdGOP; Clemenza; m18436572; InShanghai; ...

Xer Ping

Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations are doing that Gen-X and Y will end up paying for.

Freep mail me to be added or dropped. See my home page for details and previous articles.  

19 posted on 07/30/2007 8:07:55 PM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: Obie Wan
We the boomer generation have been the most TAXED generation in the friggin history of the country.

You bet. And they've come at us with every tax in the past 30 years. Ironic, they call the boomers lazy, stupid, greedy, spoiled etc, yet my non-boomer parents bought their first home in about 1951, it was brand new for like $4,000. Mom never had to work, and good ol Dad and Mom raised our entire family on one income..We had two cars, TV, campers, vacations, great affordable health insurance etc. I remember Dad going to the gas station and saying, "gimmie a bucks worth or regular".

My folks first home is still there, and I'd bet if purchased today, the first 3 months of mortgage payments would equal what they paid for the home in 1951.

20 posted on 07/30/2007 8:21:38 PM PDT by dragnet2
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