Posted on 07/30/2007 7:31:07 PM PDT by traumer
no they won’t. those of us who haved planned for and sacrificed for retirement will be taxed to support these low-life selfish jerks.
According to Nicholas Retsinas, the director of the Joint Center for Housing studies at Harvard, we need to allow million of illegal immigrants into our country each year because they will eventually pool their money together and buy the homes retiring boomers need to unload. Thus keeping housing prices going ever upward, home building industry growing (one of the biggest employers of illegal labor), and the boombers can retire well. Problem solved!!!
I remember a statistic from the mid 1990s. It said the AVERAGE 50 year old had $2000 saved for retirement. I couldn’t believe it. That couldn’t be, could it? At the time, *I* had a lot more money than that in my 401K!
Then, after I switched jobs and moved around a bit, I began to realize that many of my co-workers fit this profile.
Agreed!
If the illegal aliens will be purchasing all he boomers homes, where will all the boomers be living?
Guess what is now the most heavily funded area of big pharma?
Anti-Diabetes drug development.
So they have no retirement pensions?
Did you ever pay a 90% top marginal tax rate?
I don’t know what the hell you are talking about HOWEVER I stand by my posting that we the Boomers are the most taxed generation in the history of this country !!!
Downsizing to retirement condos in places like Florida and Arizona. That will leave them with a huge nest egg to continue their level of consumerism and lack of savings.
Yeah right genius,a hugh nest egg !!!
My Brain: Many stinking lieberal regressive hippies are boomers. See a connection?
Oh, so all the boomer retirees are moving to Florida and Arizona, and the illegal aliens will be purchasing all their homes in the rest of the country. Oh, OK.
As usual, a giant argument is generated around an undefined word.
I notice no great effort is made to define "comfortable".
No mention, either, of the mortal blow to the Social Security System when welfare "Medicare" was attached to it.
Medical care is perhaps the biggest "sword of Damocles" retirees face. Medical care is now almost as inferior as the Canadian fiasco.
I agree with you, Obie.
We have been self-employed (solo architect) the last 35 years. Raised 4 children, with only one modest car. (Still only have one modest car!)
There were some really good years when we could afford to stash some away. They kept changing of the tax laws on us, and that, combined with the ups and downs of the construction industry), meant we could never keep what we had saved.
It all went to .gov! Remember, self-employed professionals get very few tax breaks for stuff like health insurance. When we lost the 5 year averaging, it really stung us!
I feel so sorry for the next generation. We will get blamed for the mess they inherit, but it really wasn’t us, but the fools in D.C.
I can't believe that nobody remembers that Billy CLinton, the First Rapist instituted the first tax ever on Social freakin Security income!
That helps.
Just saying.
I work at a bank and blows my mind how soo many co-workers have 0 retirement savings or cashed out of whatever they had saved in retirement accounts to buy real estate recently.
I’m currently in my mid-30’s and have 100,000+ in my 401K. I have maxed out yearly contribution limits to it the past 5 years taking full advantage of my companies matching. I still get scarred I won’t have enough down the road to survive when I’m in my retirement years.
I’m investing right now with a mindset that I will receive 0 social security. If I do get any, it will be a little extra each month. There is no fricken way you will be able to live off of social security and nothing else.
You bet. Many of the younger people today haven't a chance. I see many of them never being able to afford a home, even with two incomes.
I don’t expect that everyone will be as fortunate as I am. My wife and I were both well paid during our working years. Sure we were frugal, saving for the kids college and our retirement but those who are broke and subsisting on SSI are just that, subsisting. That’s not what I would call living.
You have more than my wife and I had in our 30s. Keep saving and investing, you’ll do fine.
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