Posted on 03/04/2016 8:35:23 PM PST by MtnClimber
I have saved in my 401K, my wife has saved in her 401 K, we have paid into retirement accounts, we are retired and very comfortable. We have also saved in cash assets and hard assets. We are successful. We worked long and hard. We earned multiple degrees by hard work and desire.
To the Socialist Democrat Party we are not to be admired for our diligence. We are now a target for asset stripping.
My wife nor I came from wealth. I was lower middle class and she upper middle class. My first job was as a deckhand and then roughnecking on a drilling rig. Her first job was working in her fathers shoe store. However, we did have an abundance of wealth given to us by our parents. That wealth was the desire to work and succeed. You can not buy that gift.
This government is reaping what it sowed. NWO types, NAFTA lovers, open borders advocates are turning us into a service third world economy. Opportunity denied to so many working class who barely survive paycheck to paycheck. Reagan saw this and his policies lifted everyone up. Too bad the NWO Bush presidency followed and was able to begin unraveling Reagan legacy. Then Bush family friend Clinton was able to stomp it into the dust, followed by W ....then onto the Grecian columny of Obama.
I paid $4 bucks far a 4 pack of light bulbs for our bath room night lights today that was a buck not that long ago.
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I know inflation is real but just today, I paid $1.41 for a gallon of milk and $0.96 for a dozen “jumbo” eggs.
What’s that all about?
I guarantee you I can find 10% to cut out of anyone's budget that is taking home a paycheck.
No luck required, but some consider many things necessities that are not. They should suffer for their judgement, but via politics they can avoid much of the pain.
I guarantee you I can find 10% to cut out of anyone's budget that is taking home a paycheck.
No luck required, but some consider many things necessities that are not. They should suffer for their judgement, but via politics they can avoid much of the pain.
“Why would people who live off welfare save for tetirement?
Answer; For Truth, Justice, and the American Way!
No doubt.
But you don't get to be President by citing that fact.
You get to be President by explaining how you will expand that paycheck to cover those "many things necessities". Remember, it's not about needs, it's about wants.
Recall, from 2012, when Mittens famously got surreptitiously videoed lecturing a table of fat cat donors about the 47% who pay no federal income tax and are dependent on the federal teat?
Mittens missed an opportunity. It was a teachable moment. Professor Romney should have used it to explain how conservative governance would enable those in the 47% who want to (no doubt most of them) to graduate to the ranks of the 53% pulling the wagon. But, sadly, he blew it. For him, conservatism is a second language, in which he is not fluent. He had the ego, but not the talent.
But . . . but he promised you would save $2500 a year.
Between Obama are, unemployment & underemployment, it’s a miracle that anyone has any retirement savings.
Then there are today’s college grads saddled with debt who can’t find jobs at all.
I’m friends with a couple who are the penultimate savers and wise money managers. They are also among the most generous people I’ve ever met. They hate it when I call them my rich friends, lol. I eat like a king at their house and am a welcomed adopted family member.
I, on the other hand, fairly suck with money. I work hard and do have a pension and 401k eventually, but I just have no affinity for investing. I have faith that God knows my limitations here and will see that I survive (or am dispatched at just the right time!).
Depressing you say! How unphilosophical! I am 67, and it is only cold reason that tells me to beware, since I feel no impending doom, being in my own perception fit as a fiddle.
Now my worries are for my grandchildren.
Where do you live? In Minneapolis, eggs are closer to $2.00/dozen (large, not jumbo) and milk is $2.99 / gallon.
It's a mixed bag dilemma. Many people are not saving to splurge in their 70's and 80's. They're saving so as not be in dire straits when old. That money may be necessary for assisted living in comfort, with caretakers to see to your every need. That includes caring for you if you have dementia or debilitating health conditions.
Spend your money during your peak years, then suffer as a sickly elder without an adequate support system. That's a foolish decision that will haunt you in your later years. Many people fail to realize that their health will greatly decline in later years, and the money they have will determine if they live out their final years in comfort, or in destitute agony.
My wife and I personally chose to have a pool of money for our later years, and that choice has served us well.
What are they failing to do that would upgrade them to ultimate savers?
Regards,
That’s my biggest fear. I’m turning 65 this July, just in time for Clinton or Sanders to rob my lifetime savings. All for the “betterment of the community,” of course. What a fate...entering retirement in a few years with the communist take-over just getting revved up. How to protect yourself against those thieving bastards?
My retirement plan will probably have to involve selling my plasma and a kidney. Or I could commit a crime and it is 3 hots a cot full medical and housing. Plus I’d get personal security higher than the secret service could offer.
Looks like Sarah Palin's Death Panels were real and with us for at least a decade.
We just failed to look in Obamacare.
Obviously if deductibles increase as they have been every year, the middle class will be sent to their permanent "Safe Places" sooner than the elites.
Elected government criminals, who set their own salaries and benefits will live forever, since the don't even have deductibles to worry about.
Gold Policies is the name, right?
Payed into SS for over 50 years and have yet to draw a penny and don’t plan on until I hit 70 in 4 more years when my wife hits 62. I’ve spent all my life preparing to retire only to have the mark moved up on me either from federal reg’s or a damaging divorce. The whole time I’ve been doing this I’ve had several of my friends working state and federal jobs who retired long ago with many drawing full retirement and still working. One is drawing a Federal retirement and a state retirement. This is the part that bothers me because I’m not allowed to do it until 66 which will be November of this year. Maybe I’m just whining but SS retirement needs to be rewritten along with government retirements. Personally I think the full SS retirement age should be lowered to 62. Not all but most will get out of the workforce at that point.
Yep - I know one of them. He claims he has trouble living off SS disability because it's only a little over $600 a month. He worked so little in his life that he never earned enough for even a decent regular SS check, much less a retirement account or savings.
I told him that seemed awful selfish of him, expecting others to foot the bill for his negligence. Then added that everyone on the Dole should be nicknamed "Paul". When he asked what that meant, I repeated what we all know at FR, "If one is willing to Rob Peter to pay Paul, that one can be assured of Paul's vote".
Society has changed so much that the pathetic no longer realize they're pathetic and they have no qualms about being so...pathetic.
The question is, are they incompetent and thus vote Democrat or are they voting Democrat because they see the game rigged against them? I’m sure some people tried to do everything by the book and are still screwed.
I know that as I raise a family I have nothing to put aside for retirement. I live frugally, and would still end up putting groceries on credit cards if I diverted current wages to a retirement account.
I think plenty of people have tried to do everything right and still feel they are getting screwed; many of them are supporting Trump as well. The anti-establishment sentiment propelling both of those candidacies seems to be proof of that.
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