“Shop till you drop” will become WORK TILL YOU DROP...
Baby Boomer retirement plan: Tax their children!
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.
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.
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.
Everybody seems to forget “Senior Discounts” at Denny’s.
Retirement? I know of twenty-somethings with $25k to $40k on credit cards. That maybe a hole too large to dig out of...
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 !!!
“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
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.
My Brain: Many stinking lieberal regressive hippies are boomers. See a connection?
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.
When the government takes 40% of your earnings, what do you expect?
good. liberal babyboomers owe a debt until their grave.
Of course not—the “ME” generation expects “US” to take care of them.
Nothing can wreck an asset profile like splitting it up and feeding the lawyers.
The traditional pension plan went by the boards for many, and a lot of little companies did not offer an alternative.
That left a generation trying to figure out a roadmap to financial security and make a paycheck as well.
The ones who follow will be more savvy and less subject to the scams their predecessors weathered.
In the future, other paradigm shifts will occur which will increase the debt load of the younger generations, in fact some already have.
At least we could work on the cars we had as kids...
My fiance and I work from morning until night, every night, going into debt, paying off debt, pulling in more capital, increasing salary, and pouring money into our future.
we are barely in our 30’s.... Why? Because we aren’t lazy liberal babyboomer schlepts.
There seems to be a lot of anger on this thread, don’t be pissed at me anybody. I am 62 years old, born about a year too soon to be a boomer.
I have been retired for 8 years and the only government money I’ve ever seen was 4 years of active duty military pay and damn’d little of that.