Retirement?

[~gd]

Also, "run til I drop" sounds good in a perfect world but for people who start running into significant physical limitations it can be useful to have planned things such that you do are not forced into perpetual HARD running just to keep food on the table, if your body becomes no longer up to the task

Just sayin',

Pat

*sighs* IMHO, that's where the "till I drop" part comes in. I can't forsee an opportunity to stop working until my body/mind absolutely gives out. Just can't imagine it. I don't think Social Security or Medicare funds will be there for me (I'm almost 53 now), so I will have to keep working if only for the health insurance.

Fortunately, I LOVE my job!

Yikes don't say that please
I am 49 and counting on that SS money, but I do think "we", the older ones are going to be the last to get it. I read they said it should last til 2030 (fingers crossed) if they don't make some changes to protect it.

Too bad none of the politicans "will need" their SS money to survive. If they did they might worry about it. Since they are millionaires, that SS check don't mean anything to them personally. oh well

You didn't know that government officials have their own retirement system paid for by taxpayers as well as SS?

 

[2dream]

Where I am right now I can't see ever being able to retire. At 57 all my savings are gone. All retirment plans are gone.

But I love my job and will be there until the company no longer exist. I guess then I will live off of Social Security and Walmart greeter pay.

No regrets. It just is what it is. Fortunately, I did not have big retirement plans anyway. I hate to travel and planned on working until the very end anyway.

 

[FarmerChick]

Walmart greeter pay---

you are a trip 2dream

 

[FarmerChick]

GD I didn't know that
I never looked lol or just hadn't heard it lol

well another reason to

I should be in a coma from head trauma by retirement after all I find out about the govt.

 

[2dream]

FC you really should check out our elected officials retirement plan. It will make you and want to them.

I have always said if they had to pay into Social Security and depend on it like the rest of us it would have never been in trouble, and it would be much better than anything we can imagine.

 

[savingdogs]

I love how my SS statement comes this year with the statement, "You will recieve blah blah blah when you retire" BUT it is only 80 percent funded at this time.

Great! They have only spent 20 percent of my money so far and I'm 51....great!

 

[Wannabefree]

I'll never even get SS and I have paid in, and STILL pay in. You folks that are talking about getting SS are really spending MY money, not your own, because that is the way the system is set up. At least you few folks in the right age range will have SOME....I get nothing. Ya'll try to leave me a couple bucks for a soda will ya I don't like being legally mugged by our government, but that is what's happening :/

 

[k0xxx]

Yikes don't say that please
I am 49 and counting on that SS money, but I do think "we", the older ones are going to be the last to get it. I read they said it should last til 2030 (fingers crossed) if they don't make some changes to protect it.

Too bad none of the politicans "will need" their SS money to survive. If they did they might worry about it. Since they are millionaires, that SS check don't mean anything to them personally. oh well

Don't believe that 2030 date. That's if things stay the way they are now and none of the following happening: The Federal debt increasing (yeah right), interest rates going up on T-bond yields (yeah right), and anything else happening to make our national economic condition worse (yeah right).

You can almost guarantee that the minimum age to collect will go up, and that the COLA law will be amended or repealed, and that benefits will eventually be reduced or at least frozen. The recently passed temporary 2% reduction in Social Security payroll deductions will actually hasten the date of SS insolvency also. I'd recommend that everyone be seriously doing what they can and making other plans besides SS these days. Plan as if there will be no SS and then be happy if you ever receive (as Wannabefree mentioned) enough to buy a soda.

 

[FarmerChick]

I know KOxxx
I hear ya

I just have the fingers crossed that some idiot did get the date right 2030 fits me ok right now lol yes, I am not relying on that money. I have other retirement funds in action thank goodness.

to rely on the govt to "truly take care of you" is just wrong--it can never happen.

Wannabee needs to drink water hahaha most places it is free? haha

Everyone is legally mugged by the govt it protects us, so we gotta pay ya know

 

[abifae]

Everyone is legally mugged by the govt it protects us, so we gotta pay ya know

I'd rather pay the mafia. At least if you pay them, they DO protect you. You become their turf.