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Nearly Half of Retired Americans Pass Away with Minimal Savings: Analyzing the Financial State of the Elderly
TrendyDigests ^ | March 3, 2024 | Noah smith

Posted on 03/04/2024 3:49:10 AM PST by where's_the_Outrage?

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To: oldtech

I would keep a reverse mortgage in the back of your mind. They are expensive but a good way to draw equity out if need be. You might do your research now before there’s a need & put you in a position to make a rash decision. Best of luck.


61 posted on 03/04/2024 8:52:25 AM PST by Mean Daddy (Every time Hillary lies, a demon gets its wings. - Windflier)
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To: freepertoo

My folks had burial policies & your basically burying a brand new car. Told my wife to cremate me, put me in an urn & intern me at a cemetery. Burying $20-25,000 in the ground is insane to me.


62 posted on 03/04/2024 8:59:02 AM PST by Mean Daddy (Every time Hillary lies, a demon gets its wings. - Windflier)
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To: Mean Daddy
Burying $20-25,000 in the ground is insane to me.

I agree with that. My immediate family and relatives are spread around the country and the globe. They aren't going to spend any bucks to see my grave site in flyover country.

63 posted on 03/04/2024 10:20:10 AM PST by EVO X ( )
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To: fruser1

Yeah. I hope to be so lucky as to die broke.


64 posted on 03/04/2024 10:27:57 AM PST by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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To: GrandJediMasterYoda

Property taxes are indeed insane. Fortunately Texas and other states allow these taxes to be deferred till after the death of the homeowner. (Assuming you are over 65)


65 posted on 03/04/2024 10:30:18 AM PST by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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To: where's_the_Outrage?

bump


66 posted on 03/04/2024 2:03:56 PM PST by Albion Wilde (Either ‘the Deep State destroys America, or we destroy the Deep State.’ --Donald Trump)
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To: AuntB

That’s horrible. Where and how do you live now?


67 posted on 03/04/2024 8:45:11 PM PST by Cronos (I identify as an ambulance, my pronounces are wee/woo)
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To: Cronos

I had some savings or I would have never survived. It’s all gone now without me being able to replace my home or be able to even get back to my community. I just wrote a check to the Treasury department for $33,000. I got $25,000 for fire relief funds. 3 years later they demanded it back plus interest... said it was only a loan!

So I got to pay Bidens Treasury $9,000 for the privelrdge of losing everything in my life.
I pray for death and this christian gawd can’t even do that..


68 posted on 03/05/2024 2:00:49 PM PST by AuntB (Trump is our Ben Franklin - Brilliant, Boisterous, Brave and ALL AMERICAN!)
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To: Cronos

BTW... Our congressman Cliff Bentz is useless.
I turned this mess over to him 2 months ago and they were all gungho. They kept losing my paperwork and now they won’t return a call . I get a form letter thanking me for correspondence.
Time ran out so I paid..
Too old and sick to move again anyway.


69 posted on 03/05/2024 2:18:08 PM PST by AuntB (Trump is our Ben Franklin - Brilliant, Boisterous, Brave and ALL AMERICAN!)
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To: where's_the_Outrage?
If I die with less than $10,000 in my retirement account, that means I did it right.

-PJ

70 posted on 03/05/2024 2:20:29 PM PST by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: Responsibility2nd

“Property taxes are indeed insane. Fortunately Texas and other states allow these taxes to be deferred till after the death of the homeowner.”

Don’t ever do it!!

It seemed like a great idea at the time, until my community and everything I had burned in an arson anarchists urban wildfire.

The state confiscated my insurance check and took out future taxes as well as all those years past with lots of interest. $15,000 was left to cover $350,000 loss. I objected and they said TOUGH.. algorithms..

And I just had to pay the Fed’s back for fire relief funds...
This government has destroyed everything in my life.


71 posted on 03/05/2024 2:23:31 PM PST by AuntB (Trump is our Ben Franklin - Brilliant, Boisterous, Brave and ALL AMERICAN!)
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To: Mean Daddy

I told my wife to cremate me and put my ashes on a small raft out in the Gulf of Mexico with some tannerite and a timed trigger. Going out with a bang.


72 posted on 03/05/2024 3:02:27 PM PST by Texas resident (Biden=Obama=Jarrett=Soros)
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To: AuntB

I remember your day to day details after the fire. And as I read of the nightmares you’re still going through, I stop and say a little prayer for you.

Not many people could deal with this like you do.


73 posted on 03/05/2024 4:21:46 PM PST by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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To: AuntB

You need to tell your story


74 posted on 03/05/2024 4:24:41 PM PST by combat_boots
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To: Responsibility2nd

I haven’t dealt with it. I’m bat crap crazy. There is no dealing with 4 years of this.

I thank you for your kind thoughts. I get a lot of”YA SHOULD HAVE... FILL IN THE BLANK.” AND THE leftists who celebrate it are such fun.

My kids are going to be homeless soon.
It’s all gone.

https://freerepublic.com/focus/f-news/4218025/posts


75 posted on 03/05/2024 4:31:27 PM PST by AuntB (Trump is our Ben Franklin - Brilliant, Boisterous, Brave and ALL AMERICAN!)
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To: combat_boots

I think I just did. Thank you
Trust me..no one wants to hear it.


76 posted on 03/05/2024 4:32:51 PM PST by AuntB (Trump is our Ben Franklin - Brilliant, Boisterous, Brave and ALL AMERICAN!)
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Comment #77 Removed by Moderator

To: AuntB

That is pretty horrifying


78 posted on 03/05/2024 11:52:48 PM PST by Cronos (I identify as an ambulance, my pronounces are wee/woo)
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To: Mean Daddy

It is crazy insane, but it was what my mom wanted so I did it. But, I mean...REALLY!?!


79 posted on 03/06/2024 10:14:02 AM PST by freepertoo
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To: Cronos

Yes it sure has been. I’m a basket case.

More....

https://freerepublic.com/focus/news/4222407/posts?page=15#15


80 posted on 03/06/2024 12:11:20 PM PST by AuntB (Trump is our Ben Franklin - Brilliant, Boisterous, Brave and ALL AMERICAN!)
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