Posted on 04/29/2024 9:51:14 PM PDT by RomanSoldier19
Fidelity’s 2024 State of Retirement Planning shows that TikToker @my_secrets_untold is part of the “new retirement,” wherein 57% of Americans plan to keep working after retirement — at least part-time.
Of those planning to delay retirement, two-thirds are in the same boat as @my_secrets_untold: they’re doing it out of financial necessity.
Working past 65 will give you a greater safety net because you’ll still have income coming in. You can’t just rely on Social Security, which currently doesn’t offer most retirees enough money to live on — particularly when paying for health care (a major concern for many Fidelity respondents).
Although working past retirement may not sound ideal, 68% of people surveyed by Fidelity said they’re looking forward to it. Many retirees end up feeling aimless and bored after they’ve left the workforce behind.
(Excerpt) Read more at msn.com ...
They can’t (?) kill ya.
$125,000 is about 6 years worth of debt, if she poured everything into it and worked a second job.
110,000 of her debt is student school loan debt.
I’ll bet you that she did not spend $110,000 on education. She’s squandered the money on trips cars, etc..
She’s signaling to politicians that she wants loan forgiveness.
If that happened to me, the air would be full of my shouted out, bleeped out words and phrases. I could apologize later.
Oh please. She’s 41. Just work until “normal” retirement age.
These women without anybody are n for a rough trip and not much future.
That’s right. While debt can be overwhelming, having a realistic plan can be a huge relief.
45% Of Women Are Expected To Be Single And Childless By 2030, Per Recent Projection
https://www.eviemagazine.com/post/45-percent-women-are-expected-to-be-single-and-childless-by-2030
Articles like this are pablum to scare the hell out of people and boost deposits of managed money. It really isn’t rocket science and you don’t need an advisor. You need to start with discipline to the tune of at least 25% of your gross any way possible and whatever it takes. If you can’t start there you are doomed to poverty and living hand to mouth. Put it in dividend bearing ETF stocks or an S&P ETF and leave it the hell alone! Just keep doing it on and on and on. One day you could be able to retire comfortably. Start early and never give up.
This is why fentanyl is so cheap.
I’m only half joking.
Great transfer of wealth.
She will pay off all her credit cards and student loans.
Then she will pay her landlord.
And she’ll never get in front of it.
She’ll be 60 years old and have nothing to show for her lifetime.
Social security will be pushed out to 75 years old.
She’ll be facing 15 more years of nothing just to survive.
She’ll be expected to own nothing and like it.
Better to die a noble death.
$50 worth of fentanyl should do the trick.
Not suicide. Just accidental self medicated overdose.
Or the interest on the student loans got ahead of her.
"....between ages 25 and 44"
hate the k-1’s
Worry not—all will change when the Big war hits! The draft will take out all young people, men and women, factories filled with illegals will fill the land. Rationed food and energy will open new opportunities for all. Money will be plentiful and lots of new jobs. Hospitals filled with people.
Cemeteries will need to be built, oil drilled in national parks to feed the war effort. Prisons emptied for soldiers, gangs enlisted for shock troops (Cannon Fodder). The borders closed to keep Americans from fleeing to Mexico rather than be drafted. It will be a glorious time! Much we see as normal now will vanish overnight—no more internet. Patriotism in style again. Religion will be more important, especially when Alaska falls to the Russo-Sino forces as take Fairbanks and move on Juno. A few A-bombs will end our homeless problems, Militia groups will end looting. After the Battle of Los Angeles, the President, Kamila Harris, will have to sign the surrender on the Deck of the USS Missouri in San Francisco Bay. America will start a new life as a second rate power. Boy, I hope I am wrong.
Too old soon, too late smart. These free wheeling foot lose and fancy free people are facing a lonely and probably bleak end.
We have been retired for 8 years now. The time is numbered from here and each season passes too quickly. I don't need to work and that's good because I don't want to. I had a demanding sometimes tedious, frustrating and often times irritating job and I had enough of that. Don't get me wrong, I loved my work and my profession. What I didn't like was people that made it much harder than it needed to be and much of what they did was unnecessary and silly. Instead I work every day at something that makes me happy and feel accomplished. I build, fix and create and have an endless scope of projects but some days I just sit and watch the world go by or read or listen to a concert. One day my health or my wife's will give out and we will have to shift gears.
There are hundreds of retirement tools online. They can project forward based on some specified average rate of return, rate of inflation, specified variance of that rate of return, and any additions you fee in. There are also tools that will do all of that based on the historical rate of return for stocks or bonds in various mixtures.
But none of them even think of making an effort of planning for upheaval. They all presume, and it’s not a bad presumption, but it is only a presumption that society functions over the next XX years as it has over the past 150.
The odds for that do not look good. Too many parameters are ugly at a magnitude never before seen.
By farmland.
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