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Nest Eggs Demolished, Older Americans Go Back To Work
The Business Insider ^ | 6/16/09

Posted on 06/16/2009 11:07:51 AM PDT by FromLori

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To: E. Pluribus Unum

Losing all my savings would be a sucky thing regardless of what I value.

Then getting stuck working at Wal-Mart would be worse, since with age discrimination older folks can’t find good jobs often.

Still, if I had my family and a place to live.....life’s still worth living. Bad times aren’t permanent.


21 posted on 06/16/2009 11:41:16 AM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: yetidog

Some people have started their Social Security and take a big penalty going back to work. There should be a law allowing to stop social security and resume it later..it would save the USG money.
Otherwise..and I know several..the seniors go to work in the black economy and don’t report their income. Things like child care and elder support. Working at seasonal cash employment etc.


22 posted on 06/16/2009 11:43:52 AM PDT by Oldexpat
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To: CaptainK

I can’t fathom those who retire at 50 or something. I would like to retire at 60, so a bit early.

Of course, that’s a good 30 years away.


23 posted on 06/16/2009 11:43:57 AM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: rwfromkansas
"Are not two sparrows sold for a cent? And yet not one of them will fall to the ground apart from your Father. But the very hairs of your head are all numbered. So do not fear; you are more valuable than many sparrows."

Matthew 10:29-31

24 posted on 06/16/2009 11:46:50 AM PDT by E. Pluribus Unum (Islam is a religion of peace, and Muslims reserve the right to kill anyone who says otherwise.)
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To: E. Pluribus Unum

Definitely true.....God takes care of us. Then again, this life isn’t supposed to be great necessarily.....that’s the life after.


25 posted on 06/16/2009 11:48:43 AM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: rwfromkansas
I can’t fathom those who retire at 50 or something.

My Hubby and I did just that and had 17 wonderful years doing whatever.

26 posted on 06/16/2009 11:51:59 AM PDT by BARLF
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My parent’s generation will be the last to have a “traditional” retirement.

Dad was a veteran of two wars (Korea, Vietnam), a 27-year Air Force vet, and a 25 year civil service worker. He retired at age 70.

After the kids were big enough (mid teens), my mother also got a job with civil service and worked for 22 years. She retired at age 70.

They have full health and dental, generous retirement packages and good savings.

Meanwhile, shulbs like me will work until we’re physically broken. One day, I simply won’t show up for work, my cubical will be cleared out, and some 18 year old putz will take over. A few weeks later, neighbors will smell a strange odor from my apartment.


27 posted on 06/16/2009 11:53:08 AM PDT by ak267
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To: BARLF

I guess I could see it if you can start a business or do something hobby-wise....I know people that go part-time or even just do a second career in a kind of reduced capacity with more flexible time as a kind of early retirement. I do like that idea.

Sounds like you two have had a great time.


28 posted on 06/16/2009 12:08:56 PM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: qam1

Thanks for the ping.


29 posted on 06/16/2009 12:10:40 PM PDT by GOPJ (Main Stream Media (MSM) Renamed: Ministry of Truth (MOT) - -"Freedom is Slavery")
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To: FromLori
My Dad taught high school for 40 years. He retired at 63. His pension was good and so he didn't have to work. For a while he worked part time doing insurance and investments, but by the time he was 66, he was spending his time sitting on his butt in front of the computer. While he didn't gain weight, his diabetes became aggressive. He kept losing toes to poor circulation. One thing led to another and he died of complications of diabetes at 73.

Mom was born the same year as Dad. She too taught school for over 40 years. They retired at the same time. Mom got bored and started teaching again as a substitute. She became a Stephens minister. She got elected to the condo board. She kept busy. Mom celebrated her 76th birthday this year and she is strong and active.

If you love what you do, it isn't work. In such a case, working until the Lord takes you home is a blessing. If you are so unhappy with your job that you yearn for retirement, you have the wrong job.

30 posted on 06/16/2009 12:13:23 PM PDT by Crusher138 ("Then conquer we must, for our cause it is just")
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To: blam
I retired at age 50 at the end of 1994. I’m almost 66 now and not about to go back to work...period!

I'm with you, I retired at 54 and will be 64 in 2 weeks. I'll go back to work only at gun point and it has to be a bigger gun than mine.

31 posted on 06/16/2009 12:24:33 PM PDT by Graybeard58 ( Selah.)
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To: FromLori

In about 20 years I will be one of those old geezers you see working at Starbucks.


32 posted on 06/16/2009 12:25:39 PM PDT by GSWarrior
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To: GSWarrior

Because you have to or because you want to? Therein lies the difference. I think it is great to work if you would get to keep a little of the money you earn but if they are going to tax you death and you are getting near death anyway the heck with them.


33 posted on 06/16/2009 12:30:42 PM PDT by FromLori (FromLori)
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To: FromLori

Likely out of necessity. Not too many senior citizen print production managers/graphic designers out there in the work force.


34 posted on 06/16/2009 12:32:50 PM PDT by GSWarrior
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To: rwfromkansas
Sounds like you two have had a great time.

Yes, we were blessed.

Early retirement isn't for everyone,but it suited us, and boredom? Have never found time to be bored.)

35 posted on 06/16/2009 12:36:29 PM PDT by BARLF
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To: clamper1797
I’m one of them

As am I.

What say the brethern?

36 posted on 06/16/2009 12:50:27 PM PDT by Publius6961 (Change is not a plan; Hope is not a strategy.)
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To: yetidog
I leaned my lesson years ago when counseling new retirees who would show back up at work two weeks later griping about having nothing to do. The only reason to retire is if you hate your job or profession and are looking for a productive change to something else, be it carving lawn flamingos or starting a vineyard.

There's another reason to risk premature retirement (if you want to call 67 'premature...')

I saw three fellow workers around me, for years planning their retirement to the minutest detail, every paycheck, and one by one they died suddenly, leaving even the smallest pleasure lost forever by default. Another instance of the perfect being the enemy of the good.

I must not be normal. I retired almost two years ago, and still have no clue as to what boredom is.
Of course, since late 2008 I have joined the lowestmost level of middle class existence, and have suspended the small trips and other pure pleasure activities I enjoyed until then.

Almost ready to find at least a part time job. Not aspiring to replace the president of any company, I should have no problems. That is until the market recovers it's pre-2008 levels...

37 posted on 06/16/2009 12:58:16 PM PDT by Publius6961 (Change is not a plan; Hope is not a strategy.)
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To: Publius6961
Hang the bastard ...

Retired in Oct last year lost it all in the market ... Citi BAC and even Dupont ... now I'm interviewing again. I think the most stressful thing you can do as an engineer is interviewing. I literally study for 40+ hours for an interview ... Anyway I JUST got off a phone interview ... I hope I did OK .... it's the FIRST one in almost 8 months.

I'm getting WAY to old for this. My blood pressure is probably in 4 digits on both sides right now

38 posted on 06/16/2009 1:03:57 PM PDT by clamper1797 (FUBO ... the Anti-Reagan)
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To: E. Pluribus Unum

My kind of guy!!


39 posted on 06/16/2009 1:07:14 PM PDT by 556x45
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To: Oldexpat

It only hurts if you report that extra income. Become self employed - its really simple.


40 posted on 06/16/2009 1:10:11 PM PDT by TNoldman (Conservative Values FOREVER!)
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