Skip to comments.
The Greatest Retirement Crisis In American History
Forbes ^
| 20 March 2013
| Edward "Ted" Siedle
Posted on 03/28/2013 5:44:09 PM PDT by Lorianne
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-60, 61-62 next last
To: CommieCutter
Meanwhile my peers complain about rich people while they live beyond their means.I see it everyday, all around me.
41
posted on
03/28/2013 8:58:52 PM PDT
by
mylife
(The Roar Of The Masses Could Be Farts)
To: dragnet2
Bingo.
I have been saying it for years.
42
posted on
03/28/2013 9:00:17 PM PDT
by
mylife
(The Roar Of The Masses Could Be Farts)
To: RetiredTexasVet
I bet 25% having their house paid off is too high in today’s economy. The number of people in the 60’s whose finances are totally $hit is astounding. Most with good paying jobs but broker than dick.
43
posted on
03/28/2013 9:07:44 PM PDT
by
packrat35
(Admit it! We are almost ready to be called a police state!)
To: napscoordinator
And in many states, there is a property tax reduction for those over 65. In short, families and businesses pay more so the elderly can pay less.
44
posted on
03/28/2013 9:08:58 PM PDT
by
tbw2
To: Lorianne
To: VeniVidiVici
What would happen to 401K savings accounts if you knew the money you saved would be forever tax free out of it?
Agreed and would add that savers are being scalped with the fiat money printing presses. People claim that the cyprus bank robberies would never happen here. I disagree. It is happening everyday with the fed printing press.
I foresee the seizure of 401Ks as collateral to the central banks to keep the fiat bubble inflated.
46
posted on
03/28/2013 9:13:37 PM PDT
by
PA Engineer
(Liberate America from the Occupation Media.)
To: TexasKamaAina
Mine is over $6,000 myself. Good thing my house is paid off.
47
posted on
03/28/2013 9:14:33 PM PDT
by
packrat35
(Admit it! We are almost ready to be called a police state!)
To: VeniVidiVici
If idiots like this guy think 401Ks are a disaster why dont they convince congress to make them completely tax free? In exchange for being tax free the government would want to own it and be the beneficiary after you die.
To: Lorianne
The baby boomers strike again. Who couldn’t see this coming?
49
posted on
03/28/2013 9:46:27 PM PDT
by
Figment
To: Obama_Is_Sabotaging_America
“Its okay now.. Stock market is reaching all-time highs under 0bama and everyone will be rich soon. :)”
The news media crow about this as though you made back in your 401 what you lost in 2008
50
posted on
03/28/2013 9:50:34 PM PDT
by
Figment
To: justrepublican
I have a plan for retirement. Part two of the plan is to put aside $50-$100k (adjusted for inflation) every working year. Part one is figuring out where that kind of money would come from.
I'm still working on part one.
51
posted on
03/28/2013 11:37:50 PM PDT
by
count-your-change
(you don't have to be brilliant, not being stupid is enough)
To: PatriotGirl827
52
posted on
03/29/2013 5:24:34 AM PDT
by
PatriotGirl827
(O Mary, conceived without sin, pray for us who have recourse to thee)
To: napscoordinator
Well think about it. I would imagine the average property tax is 5000 I cannot imagine paying that much in property taxes. I live in a small town (pop 1600) in "fly over country", in the blue state of Illinois, blue only because of Chicago and I live nowhere near Chicago.
I have owned my house for 21 years and it's paid for long ago. My house is on a large double corner lot, three bed rooms, two baths, two living rooms, utility/laundry room and a room off the master bed room that I use for my "office". I do not know the interior sq. footage but I had gutters installed a few years back and learned then that the exterior is 70' by 50' (3500 sq ft) which is not the same as the interior, living area is all on the same level, it also includes a one car attached garage, I also have a 12' by 20' newer out building. It's a nice house and we have made improvements over the years.
Real estate taxes are just under $800 per year.
53
posted on
03/29/2013 6:33:03 AM PDT
by
Graybeard58
(_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
To: Graybeard58
Real estate taxes are just under $800 per year.
Holy crap. What a deal. I would LOVE to have property taxes that low. I guess you won’t have any problems whatsoever retiring. Congratulations!
To: RetiredTexasVet
the daughters once in a lifetime wedding that lasted two years That's funny.....and true a lot of times. My youngest daughter got married and I walked her down the aisle, two years later she got a divorce, two years after that, remarried and I walked her down the aisle, a few years later, her husband died of a heart attack at age 33. A few years later, she remarried (still married to him) I walked her down the aisle, as we were slowly walking down the aisle, I whispered to her. "If you ever do this again, you can walk yourself, you know the way by now".
She was nervous already and that remark started her giggling like a little girl and she had a hard time stopping it.
55
posted on
03/29/2013 6:46:37 AM PDT
by
Graybeard58
(_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
To: Joan Kerrey
people should be able to survive on 900 extra dollars a month. The problem there is the word "extra". For too many people S.S. is their only source of income. S.S. was never meant for that. It was supposed to be a supplement to savings and/or investments.
I retired at 54, signed up for S.S. at 62 and could survive on it if I had to but it's a whole lot more than the $900 per month you mentioned.
56
posted on
03/29/2013 6:55:28 AM PDT
by
Graybeard58
(_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
To: mylife
Little Susy will be a corporate lawyer and Little Johnny is bound for a career in neuroscience. They are both home schooled and each one is smarter than the other one, graduated from high school when they were 11. Doctorates by 16. bought their first houses by 18, paid cash.
57
posted on
03/29/2013 6:59:42 AM PDT
by
Graybeard58
(_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
To: count-your-change
I have a plan for retirement. Part two of the plan is to put aside $50-$100k (adjusted for inflation) every working year. Part one is figuring out where that kind of money would come from.I'm still working on part one.
Four words..... Buy lottery tickets.
58
posted on
03/29/2013 7:03:07 AM PDT
by
Graybeard58
(_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
To: napscoordinator
I retired in 1999, life is good.
59
posted on
03/29/2013 7:04:31 AM PDT
by
Graybeard58
(_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
To: Graybeard58
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-60, 61-62 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson