Skip to comments.The Retirement Gamble We're All Making (Review of PBS Documentary)
Posted on 04/22/2013 2:04:46 PM PDT by Kid Shelleen
Martin Smith, an Emmy-winning correspondent for PBS Frontline, is worried about his retirement and yours.
In his excellent Frontline documentary airing Tuesday, April 23, on PBS, The Retirement Gamble (check local listings), Smith, 64, says: I started saving for my retirement in my late 20s. But along the way I dipped into my nest egg
not once, but several times. And now, like millions of other baby boomers, I, too, dont have enough. Most of my savings went to pay for my kids educations. A divorce and the crash of 2008 didnt help either. Im now planning to work for as long as I possibly can.
(Excerpt) Read more at forbes.com ...
"Ah tuned up yo' nest egg too."
All investments are risky.
They are especially risky, though, when you disinvest them and spend them on consumer goods like education the way this bimbo did!
Retirement plan - Buy more lottery tickets!
Working is for suckers who don’t know how to scam EBT, Section 8 Housing, SSDI, etc.
Lottery tickets: a tax on the mathematically challenged...
Gamble? I wish it was a gamble. At least in a gamble, you have a small chance of winning. Retirement in America for anyone below the age of 50 is called “getting screwed.” No Social Security and there is a good chance that your 401K will be confiscated. All to feed the government spending beast whose appetite is never satisfied.
It's pretty easy to see this strategy on the horizon.
Most of us can only dream of earning the salary this guy did for YEARS. I know there are MANY good baby boomers (some fought in the Vietnam War), but I’ll bet this turd got a draft deferrment and spent his years spreading leftist BS to Americans. IF SO, he can kiss my a**.
It was more fun having a good time spending money than saving and exercising discipline in one’s spending habits. Always live below your means and pay yourself FIRST, simply by putting money into an S&P index fund. Not complicated or stressful at all.
Eisenberg didn’t save for his retirement, he saved in a retirement vehicle, but spent it on his kids’ “education.”
So what is he complaining about. No one “has his back?” he says. What the hell? Who is supposed to “have his back”? his fellow citizens who did save now have to take care of him like the grasshopper and ants in the fable? I hate scum like this fellow, seriously.
PBS laying the groundwork for the Theresa Ghilarducci 401K grab...
Get a government job...You can retire at 50 or so and live off tax payers money the rest of your life.
This article should be read by everyone. Most people are not well prepared for retirement and they will regret it. I think one of the quickest ways to poverty is divorce. So, unless you really detest your spouse, I would recommend separate living arrangements with amity and financial cooperation over divorce. I am too old for that stupidity and drama again. Been there done that. The grass is not greener on the other side. A better retirement strategy is to show your spouse that you love and appreciate them. Cooperation and respect will increase your chances of growing old with sufficient money and agreeable companionship. IMHO.
Or here in Indiana, retire and go back to work the next day at the same job and make 160% of what you were making the day before.
Winner, Winner, Chicken Dinner....
I have heard from one Uber Liberal that worked for an un-named investment house tell me once the numbers were horrible in regards to actual enrollement etc for 401k's etc., Which strikes a hypocritcal chord when their said firm was a big player in that arena, and the number of dollars for all Americans in total are huge. Being the progressive they were they thought defined benefit plans were much better....
"Say it! Say it! Say 'I lost the nest-egg.' Go on, say it!"
PBS does nothing without an agenda, and the agenda is always the same Democrat agenda - - turn America into socialist welfare state and thereby consolidate power, as the government-dependent masses will always trade their votes for more "free stuff" confiscated for them from their neighbors by scumbag Democrat politicians.