Posted on 12/12/2010 12:02:28 PM PST by Graybeard58
Why? Unemployment benefits are forever now aren't they?
Leave the country, renounce your citizenship, come back as an illegal. Problem solved.
I just hope my heirs don’t kill me before the end of the year, although it would be a smart thing to do, financially. If I were on life support, I would have them pull the plug!
“4. Delay taking Social Security”
That only pays off if you live long enough.
Of course they know that. These are invesment people. They want you to remain in the workforce and keep investing - hopefully with them.
Also, as the average person getting $8k yr from their nest egg after retirement: If it were true, I don’t think that’s that hideous. In a two wage earner family you’re probably looking at $2k + / month in SS benefits. So that’s $24 k / yr right there, plus the $8k gives you $32k / yr.
Hopefully byt that point in life you don’t have any more payments to make, etc.
Granted, not the high life, but not starvation either.
No, they're "only" 99 weeks. Heck, that's not even two years. Cheap buggers in DC.
I would guess the idea is to stay in the workforce. I'm sure a lot of employers would prefer not to hire those in their 60s, even more so if they have been out of work for awhile. Again, a guess.
Author Robert Powell is a financial genius. I think I'll look him up and have him manage my money.
I think the typical breakeven point on age 62 vs 66 is age 78 or so.
Unfortunately the govt terminated the "restart" provision on Friday. I had planned to use this if I got to age 69 and remained healthy.
http://finance.yahoo.com/focus-retirement/article/111550/social-security-payback-option-eliminated?mod=fidelity-managingwealth&cat=fidelity_2010_managing_wealth
"$8,000 [per year]...is likely to be inadequate."
Sometimes I think my family of four spend that much on food alone. I don't keep track but it seems that we can't go to the grocery store without spending at least $100. Many times it's more like $150. That does not include eating out, which we don't do all that much anyway.
Just one example but I recently watched as Oscar Meyer bacon went from $3.99 per pound to $4.99 per pound to $5.24 per pound in the space of about a month at W-M. I ask you, who can live without bacon?
Muslims.
take your meager 401K, sell assets (house), & move to Costa Rica or Belize. You can live cheaply....
My late pastor retired at 65, died of a massive heart attack before he drew his first check. Take it at 62 and enjoy your life.
What if you live another healthy 30 years?
So basically this clown’s advise is...
FATTEN UP YOU SHEEP, WE’RE NOT DONE FLEECING YOU YET!
Here’s a better plan...
INVEST IN GUNS, AMMO, MORE GUNS, MUCH MORE AMMO!
When you retire use it to share the wealth of all of those who have been voting to take your wealth and distribute it among themselves. I for one am keeping my eyes on all the $150,000+ motor homes, pulling the $50,000+ SUV, with the $15,000+ in play toys in tow. Funny how they usually have a firefighters’ helmet sticker on the bumper. Serving the public, my arse!
5. Apply for an early death panel hearing.
ping for later
No freaking way.
Since the election I haven’t heard anything more of Tom Harkin’s plan to have the government seize private pension plans.
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