Will My Generation Be The First Unable To Retire? - Page 2 - TigerDroppings.com

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jclem11
TCU Fan
Houston, Texas
Member since Nov 2011
2890 posts

re: Will My Generation Be The First Unable To Retire?


quote:

I'm 23 and am in the mindset that I might have to work for the next 50 years...



I am the same way.

I'm also considering relocating to another country in the next few years as well..






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SilverSpurs13
LSU Fan
Baton Rouge, LA
Member since Aug 2011
1031 posts

re: Will My Generation Be The First Unable To Retire?


Ever heard of "stuffing the mattress?" And no, I'm not talking about banging fat chicks.





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Walt OReilly
LSU Fan
Cubs Fan
Member since Oct 2005
74830 posts
 Online 

re: Will My Generation Be The First Unable To Retire?


you arent the first one to tell me that





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LikeABaussCat
LSU Fan
bad spelling deal with it
Member since Jul 2012
2094 posts

re: Will My Generation Be The First Unable To Retire?


My advice, get a 401k with your current employer or a private one.





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Bunk Moreland
Michigan Fan
Detroit, MI.
Member since Dec 2010
5813 posts

re: Will My Generation Be The First Unable To Retire?


I think so. Post WWII U.S. is not coming back. Traditional pensions are on the decline and many underfunded. Everyone will be reliant on his 401(k). So, just hope that you earn all of that compound interest the financial guys always say you will get. For several reasons, I don't think that is a given.





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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
67327 posts
 Online 

re: Will My Generation Be The First Unable To Retire?


Friend of mine just got back from 3 years there, schlumberger





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xLxSxUxFxAxNx
Navy Fan
Baton Rouge
Member since Sep 2003
57936 posts

re: Will My Generation Be The First Unable To Retire?


to those thinking of relocating to another country.

i'm just curious as to what yo do for a living, what country, do you speak the language, etc.






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jclem11
TCU Fan
Houston, Texas
Member since Nov 2011
2890 posts

re: Will My Generation Be The First Unable To Retire?


quote:

You can forget getting an Australian visa.


Correct. I've looked into it and the requirements are pretty crazy.

It sucks because I would love to move there.






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RonFNSwanson
New Orleans Pelicans Fan
University of LSU
Member since Mar 2012
14785 posts
 Online 

re: Will My Generation Be The First Unable To Retire?


We will hopefully be living longer lives by the time we get to that age. So working until 75 probably won't be so bad.





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DieselTiger1
LSU Fan
9 Dragon
Member since Oct 2008
12831 posts

re: Will My Generation Be The First Unable To Retire?


quote:

Will My Generation Be The First Unable To Retire?
Costa Rica is at the top of my list


my brother is leaving for costa rica in november. its an indefinite stay.



This post was edited on 10/4 at 10:43 am


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ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
7966 posts

re: Will My Generation Be The First Unable To Retire?


I'm a little confused about those saying that they want to live abroad.

If the US economy collapses, an I mean *really* collapses, not like this faux doom and gloom in Europe, then it's probably going to be pretty lousy everywhere on the planet.






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madamsquirrel
LSU Fan
The Snarlington Estate
Member since Jul 2009
20574 posts

re: Will My Generation Be The First Unable To Retire?


My husband and I are right at 40. Since the economic downturn we have changed from planning to retire in a big house to looking at the "tiny house" option.





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dtrack22
Boise State Fan
WTF am I doing here?
Member since Jul 2012
1135 posts

re: Will My Generation Be The First Unable To Retire?


Only thing stopping you from retirement is your IRA/401k/savings account...

No reason you can't retire at 65. Guys sound like a bunch of liberals blaming everyone else for your problems






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Walt OReilly
LSU Fan
Cubs Fan
Member since Oct 2005
74830 posts
 Online 

re: Will My Generation Be The First Unable To Retire?


i know a handful of people that live there now

they love it

of course the only downside they said was being far away from friends and family






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Cold Pizza
Ohio State Fan
Member since Sep 2011
7639 posts

re: Will My Generation Be The First Unable To Retire?


When SS was started in the Depression, the retirement age set was the same as average life expectancy. The retirement age should be pegged to that. As life expectancy goes up, the retirement age should go up.

Anybody who thinks a pyramid scheme based on a promise by some a-hole 1000 miles away who has no stake in your success or failure is an idiot who deserves to be old and poor.






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OldSouth
LSU Fan
Folsom, LA
Member since Oct 2011
8318 posts

re: Will My Generation Be The First Unable To Retire?


quote:

Will My Generation Be The First Unable To Retire?
Costa Rica is at the top of my list


my brother is leaving for costa rica in november. its an indefinite stay


I hope he doesn't hunt.






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Champagne
New Orleans Saints Fan
French and Spanish Empire Border
Member since Oct 2007
10856 posts

re: Will My Generation Be The First Unable To Retire?


You'd think that your own 401k plan is safe, because it's your retirement money that you worked for.

Let me tell you something -- it's not safe. Your 401k money is only a few Federal Regulations away from being taken from you, against your will, by the Federal Govt for the purpose of investing in Federal Savings Bonds.

LINK

This is an old story. Here is the link:






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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
67327 posts
 Online 

re: Will My Generation Be The First Unable To Retire?


quote:

I hope he doesn't hunt.


I'd trade the fishing down there for my hunting






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CptBengal
USA Fan
BR Baby
Member since Dec 2007
37460 posts

re: Will My Generation Be The First Unable To Retire?


quote:

If the US economy collapses, an I mean *really* collapses, not like this faux doom and gloom in Europe, then it's probably going to be pretty lousy everywhere on the planet.



it wont collapase, but the slow slog towrds a diminishing way of life has begun.

IT WILL GET WORSE BEFORE IT GETS BETTER.

The way out of it is not a 401k. The governments in other cash strapped countries have raided similar programs to pay for themselves. The best way is to hedge EVERYTHING. Diversify to the max. Assets, currencies, equities, etc. Do it in multiple countries, and dont put more than couple eggs in any 1 basket.

To answer someone else, I am a biological oceanographer that does both research for Governments and consults for the fishing industry, as well as statistical consulting. I can work anywhere there is a coast.






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LCA131
Appalachian St. Fan
Home of the Fake Sig lines
Member since Feb 2008
31787 posts
 Online 

re: Will My Generation Be The First Unable To Retire?


financially, I could retire right now....If I died by Sunday.





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