My in laws did it, but very close to in the poor house. Space fees keep going up faster than SS. Coach is a vehicle and theirs was a double wide, so each half had a motor vehicle fee for plates renewals. Utilities were paid by the space fees but as utilities went up, so did the space fee. Telephone is a necessity for emergency calls. Health plan was a monthly fee, and as older citizens it was high. They relied on us for transportation to market, doctor, etc. Any main appliance or coach repair they could not afford, we paid. We were worried how this would work out when we retired. Social Security is crap if anyone thinks it will totally support retirement. When they passed away they were in the high 90's, no 401 or IRA in their youth and ups and downs of economics did not allow for much of a savings.
Youth, take some advice from me, do not rely on our Government. Invest in IRA, 401k or something safe.
Youth, take some advice from me, do not rely on our Government. Invest in IRA, 401k or something safe. I can’t imagine what that would be. I used to think that Blue Chip stocks and Utilities were safe investments. I learned recently I was wrong.
Municipal bonds have also been losers. Right now one of what used to be the riskiest investments seems to me to be the safest; commodities namely metals. Copper, steel, platinum. Stuff I wouldn’t touch before.
The Obama economy is completely BassAcwards.
Youth, take some advice from me, do not rely on our Government. Invest in IRA, 401k or something safe.
With this government, NOTHING is safe.