Posted on 02/04/2019 9:05:23 AM PST by SeekAndFind
>>> those who do have liquid assets like stocks, bonds, and mutual funds are eventually going to find that they might ultimately do worse off <<<<
Hm... and here I am wishing I had liquid assets ... never really had a job working for someone else. Became an entrepreneur at a young age, started several small businesses and worked for a unsympathetic slave driver, myself.
I bought commercial and residential properties, mostly paid for. But now, I’m a slave to those properties and an aging man. Tenants are more sketchy by the year and the market doesn’t seem to want commercial and industrial property much anymore unless you’re in a thriving urban area. I’m not.
I was planning for endless cash flow, enough so someone else carried the keys around .... sell off a property here and there but I’ve lost confidence in that plan too.
I have several retired Gov worker friends ... some of them
have the life! Many Already retired for years
Where I had planned for cash flow to be king, seems atrophy is instead.
My “friends” ragged on my ass as I took advantage of IRAs and 401Ks as long as then existed while I was of working age. They also ragged on my ass about staying in the Guard/Reserve, “wasting evenings, weekends and two weeks each summer, while they lived paycheck-to-paycheck, buying/blowing all of their money.
They also ragged on me for being a “good company drone”, and not job hop.
Today, I am about to turn 72, I have my company pension, military pension, social security, and an IRA financed by my 401ks, and living comfortably.
Of course, Nancy Pelosi believes that I cannot be trusted with my retirement income, and believes that it is in my best interest for the government to absorb my IRA and provide me with an appropriate, means-tested annuity.
Congrats! I too always put in the max in ira and 401k. My friends were spending it on bars, fancy cars and cruises. It wasn’t all rosy. We had tough times too with layoffs and job losses. I don’t need the govt telling me how to save.
You don’t know me. We are not crappy parents.I just paid one of their student loans even though the loan is in their name not mine.
It’s a generational thing. Living for the moment. Won’t look for work.
Maybe they had bad parents?
I love how the Boomers complain about their kids, but you guys never take time to look in the mirror and engage in some introspection. It’s always someone else’s fault — the Boomer mindset.
Why dont you share why you think you are such a great parent. Did your parents raise you to be rude and insulting to people you know nothing about. I doubt it but you do act that way.
They also ragged on my ass about staying in the Guard/Reserve, “wasting evenings, weekends and two weeks each summer, while they lived paycheck-to-paycheck, buying/blowing all of their money” ................... LOL, he who laughs last laughs best. Tri Care for life alone was worth it! I was once told the reason I wasn’t “moving up” was my dedication to my other job (the USAR) and they feared I could be called up at any time. I became self employed shortly after.
Is it a generational thing? Do you think millennials have it as easy as you did? Do you ever take time to think the burden you Boomers are on our society? We have to fund your socialist medicare and social security so you guys can go to the Dr five times a week. We have to compete in a workforce that is flooded with third world scum that will work for a fraction of what we need to just pay rent.
And this is all possible because you Boomers elected politicians that sold our country out. And you did not care, because you just cared about making money and “muh Constitution.” You guys get what you deserve.
It’s only when those who took out loans have to start repaying them that they suddenly ‘discover’ how utterly selfish are their own children.
By then it is way too late for anything to be done.
Their children fully expect mom and dad to pay the loans for them because they’ve always covered for their children.
Selfish children. Blindly loving parents.
Bad combination.
“We have to fund your socialist medicare and social security so you guys can go to the Dr five times a week. “
.
Truth hurts.
Selfish parents for not saving for college. Most states have 529s and if you start saving a minimum amounts when the child is born by 18, there should be plenty of money.
But hey, did you see Eddie bought a new Harley? WOW, I am going to go down tomorrow and check one out. Just refinanced the house and got a nice chunk of change. May check out that Bayliner too.
“We have to fund your socialist medicare and social security so you guys can go to the Dr five times a week. “
Exaggerate much????????????
Go to your local doctors office at 10 am on a weekday and look at the worthless Boomers sitting around.
You sound angry and troubled. I went to a clinic for bronchitis once in the past year. I got a flu shot. I pay more in medical coverage than I took. Boomers are children of the greatest generation. They taught me about god,family country work ethic savings.Not communicating with you again.
So what you're saying is my wife and I deserve our $10k per month public sector pension?
Please forgive the language, but this sums it up.
John Goodman in The Gambler on
“The position of F@#$ You”.
https://www.youtube.com/watch?reload=9&v=xdfeXqHFmPI
The Boomers get everything they deserve.
So what you’re saying is my wife and I deserve our $10k per month public sector pension?
But you love the “free market” and “capitalism” huh? You prove my point, this site is full of Boomer hypocrites: socialism and govt pensions for me, not for thee.
Learn to read. Paid for kids private school college, thru 529, savings, bonds taken out of payroll and cash. Each kid took out the max allowed subsidized and unsubsidized loans around 29k so they would be part of the investment in college. You must hate your parents and grandparents. Sad.
“Go to your local doctors office at 10 am on a weekday and look at the worthless Boomers sitting around.”
.
‘.
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