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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: 556x45

Read the rest of the replies and the number of ‘die in the saddle’ types is heartening. We didn’t get to this place by going out to pasture (ie giving up). I still have lots of good yrs left in me...why waste them moldering around waiting to die. My hats off to you guys!!!


41 posted on 06/16/2009 1:10:50 PM PDT by 556x45
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To: BARLF

My dad’s been doing it for 29 years. Best thing he ever did. Mellowed him out and smoothed off the rough edges.


42 posted on 06/16/2009 1:15:23 PM PDT by Rebelbase
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To: blam

I retired at 61, got layed off, as a manager the best way to go. Told my sister and my old Ma to get out of the market in 2005, they didn’t listen, I can’t stand the weeping and knashing of teeth.


43 posted on 06/16/2009 1:20:26 PM PDT by Little Bill (NH the Sixth Gay State.)
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To: Publius6961

You make an intersting point about the sitution of death before having an opportunity to retire. That circumstance illustrates very well the preoccupation that Americans have about rainbows or at least the end of them. We forget to live each day as it may be our last and somehow transfer the notion of mortality to an envisioned time of rest, choice and pleasure (ie. retirement). Unfortunately, as you observed, it does not always work like that.


44 posted on 06/16/2009 1:33:31 PM PDT by yetidog
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To: Rebelbase
That's great! My best to your Dad and your family.

What's worse IMO is parents retire and expect the kids to come checking on them all the time while they sit and complain. lol

45 posted on 06/16/2009 1:35:31 PM PDT by BARLF
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To: FromLori
My parents are both 59 years old and they are still working at their jobs.

I think they're too young to retire anyway. Same with the majority of Baby Boomers, if they're still productive, why retire?

46 posted on 06/16/2009 1:59:54 PM PDT by MinorityRepublican
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To: ak267
They have full health and dental, generous retirement packages and good savings.

I think the state needs to stop being so generous with retirement packages.

47 posted on 06/16/2009 2:05:49 PM PDT by MinorityRepublican
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To: FromLori

I retired at 62, five yrs. ago, work part time 12-20 hrs./wk. My call.
It’s my ‘mad’ money. But I went a few yrs. doing nothing, for money anyway.

As long as there is Free Republic I’ll never be bored.


48 posted on 06/16/2009 2:13:11 PM PDT by Vinnie (You're Nobody 'Til Somebody Jihads You)
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To: FromLori

I’m 54 and I never plan on retiring. I fight fire and do sports photography. It’s more fun than a vacation.


49 posted on 06/16/2009 3:01:28 PM PDT by Richard Kimball (We're all criminals. They just haven't figured out what some of us have done yet.)
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To: BARLF

“What’s worse IMO is parents retire and expect the kids to come checking on them all the time while they sit and complain”

I can’t keep up with my parents, who octogenarians. They go all time, volunteering here, serving there. About 20+ years ago newly retired couple bought the farm next door to my folks and the man and my father are like peas and carrots. Always something going on from cutting down trees to building stuff, digging holes, cruising town,— a real difference from my dad’s earlier life as a business man. Of course, he’s slow down now, has to take naps every day but that’s par for the course at that age.


50 posted on 06/16/2009 3:03:33 PM PDT by Rebelbase
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To: FromLori
It is a little disheartening if you've planned for years and nearly reached it, only to have it snatched away. Got the house paid for, the old cars, and although I watched the 0bama economy halve my savings I still could have made a handy retirement this year.

What changed? Taxes. Now I have other people's mortgages to pay for. My new neighbors have kids who want their schools to offer everything their old ones in California did. On my dime. My country's debt has quadrupled...this year. As it happens I love my job, which is a good thing, isn't it?

51 posted on 06/16/2009 3:13:49 PM PDT by Billthedrill
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To: FromLori

Fortunatly for me, I’m still in my twenties. And I’m starting to wonder if I’ll ever be able to retire, since we’re going full speed towards a communist dictatorship.


52 posted on 06/16/2009 5:07:25 PM PDT by RWB Patriot ("Need has never produced anything. It has only been an excuse to steal from those with ablity.")
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To: FromLori
I'm 56 this year and I don't know if I will ever be able to retire gracefully......

so it would be really nice to be one of those 55 yros that "have to" go back into the work force.....I'm still there...

53 posted on 06/16/2009 11:31:17 PM PDT by cherry
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To: rwfromkansas; E. Pluribus Unum
It's great being broke without a spouse or kids to worry about. There's great freedom in not having anything worth anything in life..."Freedom's just another word for 'nothin' left to lose'!"

"[...]But the very hairs of your head are all numbered. So do not fear; you are more valuable than many sparrows."

And heck, that number of hairs decreases all the time, so I'm figuring that I might as well go for the ol' Acute Myocardial Infarction retirement plan...it's not easy for aging white males to count on employment for too long, so managing health and ensuring it fails soon enough is crucial, and will become moreso in the future of America.

54 posted on 06/17/2009 8:19:49 AM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: Gondring
And heck, that number of hairs decreases all the time, so I'm figuring that I might as well go for the ol' Acute Myocardial Infarction retirement plan...it's not easy for aging white males to count on employment for too long, so managing health and ensuring it fails soon enough is crucial, and will become moreso in the future of America.

Personally, I plan on being an inconvenience to Obama long after he's a speck in the national rear-view mirror.

People with a purpose in life live longer, so I'm set for at least another fifty years.

55 posted on 06/17/2009 8:29:05 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: Little Bill

Same for me.
Planned on 62, got golden parachuted out at 60.
No regrets. The tech bust scared me enough that I bailed on the market in 07 so I missed the crash.
Somewhat worried about inflation though - I pulled 200 grand out of the house for 30 yrs @ 5% fixed.
I’ll pay it back with Baraqqi minibucks.

Retirement is even better than advertised.
Plenty of time for exercise, cooking, working on my cars, and dispensing wisdom to my grandchildren.


56 posted on 06/17/2009 8:35:21 AM PDT by nascarnation
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To: Graybeard58

ah, govt retirees then....it makes a difference when you rake in guarenteed money and benefits.....


57 posted on 06/17/2009 8:47:29 AM PDT by cherry
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To: cherry
ah, govt retirees then....it makes a difference when you rake in guarenteed money and benefits.....

The only government checks I ever received was from my four years in the military and very little at that.

58 posted on 06/17/2009 9:40:10 AM PDT by Graybeard58 ( Selah.)
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To: nascarnation
I was voted the most likely to starve and live under a bridge by my graduating class at my prep school. I had the misfortune to have a lot of LDS ancestors, I am not LDS, that pounded into my head that debt is bad and being self sufficient is good, kind of a history of American Values.

All of the properties that I have are paid for, two, I have no debt. I have problems spending my socialist security check. I don't know what I did wrong.

59 posted on 06/17/2009 4:19:58 PM PDT by Little Bill (NH the Sixth Gay State.)
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To: cherry; Graybeard58
"ah, govt retirees then....it makes a difference when you rake in guarenteed money and benefits....."

I retired from Texas Instruments after 20 years and after 30 years in the business. The only government check I ever got was a tax refund and a paycheck when I was in the US Navy (diesel subs, early 60's).

60 posted on 06/17/2009 5:30:58 PM PDT by blam
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