Well, I wan’t broke when I retired but now......................
More ground prep for Universal Basic Income.
Meaningless statistic.
Why wait until retirement? I’m broke now.
How does one retire if one is “broke”?
If you want to eat and have a roof over your head, you don’t retire.
Retirement is becoming, for many, an unreachable, outdated concept.
One benefit of moving to KY, for us, is that we can live comfortably on SS alone, if it were to come to that. We’re both 64...
I’m 85 and I Wanna Go Home!
https://m.youtube.com/watch?v=H2zkZgZYEng
and 44% get food stamps.
We could retire in a couple of years and live comfortably if we didn’t have to worry about affording health insurance. Thanks to Jughead, insurance would cost about half of our monthly expenses...
Hard to save for retirement if you’re paying four to five figures in property taxes....
Retirement is fairly new concept in the history of man.
People began working as children and continued until disabled or died. This explains why large families were a necessity. Children were the social security in the past.
Retirement is still possible, but it takes planning and sacrifice when you are young. You can not wake up at 60 and realize you don’t have a plan.
“I’ve got all the money I’ll ever need. As long as I don’t buy anything.”
-Jackie Mason
“I’ve got all the money I’ll ever need. As long as I don’t buy anything.”
-Jackie Mason
Retirement sounds great, but how do I do that when I am forced to Support 20 Illegal Aliens?? WHat will happen to them If I retire??
I think it is more than 42% and I think it is a certainity
Some may retire poor, and others may live so long that they outlive their savings. No guarantees!
Grandpa retired at 56. Dad retired at 53. I retired at 55. It CAN be done.
Live below your means.
Save, save, save.
Be as self-sufficient as you can.
Invest in tangible assets such as real estate, land & PMs.
Make every dollar, ‘work’ for you!
Work hard, but pay the LEAST amount of taxes, legally.
Don’t have more than 1 or 2 kids. (Better yet, none!)
Consider a military career: Paid for college, paid well, not all of your income is taxed, medical & dental care, little overhead for 20 years.
Save, save, save.
Live below your means.
Enjoy! :)
Retirement will begin for me when they close the lid and lower me down the hole.
‘The hands of the diligent makes rich’ so goes the Biblical proverb. Fools and lazy no gooder socialists want it the opposite way and we have no shortage of fools in this nation. Eff the godless public schools.
My wife was an RN for a group of family practitioners.
She took advantage of their 401K program and maximized her 401 payroll contributions. She even took advantage of an Sep IRA with the doctor she worked for.
In the 3+ decades that she worked for the group, not a single other nurse, receptionist or nurse asst. took advantage of the program. They said they could not afford it.
Yet, they could afford to stop at Starbucks every morning for coffee and breakfast to go before they came to work.
She took her lunch to work, and the other women went out to lunch. She tried to point out to the younger workers, by forgoing Starbucks in the morning and bringing lunch, they could max out on their 401k’s
Now, the reality is hitting those women as they are in their 60s or near 60 with minimal or zero $’s in a 401k or IRA.
If they are still married, most of the husbands did the same not contributing to their 401k’s.
My wife started collecting SS at age 62 and worked out plans with her company to stay under the max $’ she could make without penalties. She worked until she was in her early 70’s and worked out deals after she was 65 to get paid for the cost of what her medical program would cost the corporation. She put that into her 401K which allowed a larger percent donation past age 65.
We took out lines of credits versus student loans. So we and our adult children are not faced with that problem.
Now, we are in the process of obtaining a Reverse Mortgage
to continue to live the house we love and with great neighbors.
When some people carp and say we are lucky, my wife say, “Yes, but God helps those who help themselves. He didn’t save and fund our 401k’s and IRAs, we did.”
Our adult sons do the same as their mother did. They get coffee at their offices or work places and bring their lunches. They maximize their 401 k’s and IRA’s.