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TheLittleAristotle 
Minnesota Fan
On my couch absorbing MFP 3:16
Member since Feb 2006
3869 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 3:07 pm to FootballNostradamus)
quote:
the southern accent for the girls down there is like the Australian accent for girls down here
true
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TigerDeacon 
Wake Forest Fan
West Monroe, LA
Member since Sep 2003
23078 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 3:18 pm to elprez00)
quote:
Will My Generation Be The First Unable To Retire?
Historically, only the extremely wealthy were able to truly "retire". What we had in America in the past 50 years was a truly blessed era where lots of middle class people were able to stop working while still enjoying the same lifestyle.
Both my parents retired early (before 60) and have lived their same lifestyle for the past 15 years. That is because they saved money and both of them have pensions and worked at the same place for decades.
Those days are gone.
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elprez00 
New Orleans Saints Fan
Hammond, LA
Member since Sep 2011
6689 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 3:26 pm to tiger chaser)
quote:
Try starting a savings account! If you save for thirty years you will not have a problem.
Okay scooter, lets do a little math. If you want $750,000 to retire with, over 30 years, that means you'd have to put $25K away per year. You got an extra 25 grand laying around you can save?
quote:
Quit pissing your money away.
Right. 
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OldSouth 
LSU Fan
Folsom, LA
Member since Oct 2011
4729 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 3:41 pm to elprez00)
They make this thing called interest. Pretty cool.
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DuckManiak
LSU Fan
Ponchatoula
Member since Nov 2011
1292 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 3:42 pm to elprez00)
Depends on which field you are in. While the rest of the country is in a recession, my field is not. My dad is in the same field as I am, and will retire next year at the age of 55. I was lucky enough to get into my field relatively early, so hopefully I will be as lucky as he is.
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redstick13
Wichita State Fan
Western Colorado
Member since Feb 2007
18967 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 4:07 pm to yellowfin)
quote:
Friend of mine just got back from 3 years there, schlumberger
Work visa is the only way you will get in. I nearly took a job there a few years ago and would have done the same.
Australia has some of the strictest visa laws on the planet.
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redstick13
Wichita State Fan
Western Colorado
Member since Feb 2007
18967 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 4:10 pm to FootballNostradamus)
quote:
My company is working on mine. I'm hoping to be out of here in 6 months. If you are an engineer Australia literally will blow you to get you over there, it's awesome. I'm using my company to expedite it and then I don't know if I'm ever coming back hahaha.
The one problem with going there, and what put me off, is you have to pay into their health care and retirement system. You will also pay more taxes than you would in the US.
They withdraw 50% of your check, guaranteed.
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Methuselah
LSU Fan
On da Riva
Member since Jan 2005
10964 posts
 Online
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 4:13 pm to elprez00)
quote:
Will My Generation Be The First Unable To Retire?
Logan's Run.
Just sayin'
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yellowfin 
Illinois Fan
Paige is Pretty
Member since May 2006
53023 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 4:18 pm to elprez00)
quote:
If you want $750,000 to retire with
750k won't get you much retirement in 30 years
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CE Tiger
New Orleans Saints Fan
Metairie
Member since Jan 2008
26042 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 4:34 pm to yellowfin)
Company pension plan ftw 
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yellowfin
Illinois Fan
Paige is Pretty
Member since May 2006
53023 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 4:36 pm to CE Tiger)
No way I'd ever make 30 years with one company, hell I've never made 5.
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CE Tiger
New Orleans Saints Fan
Metairie
Member since Jan 2008
26042 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 4:40 pm to yellowfin)
Well I'm at my 3rd company this year after 5 years with the first and I'll probably have no problem keeping my career here for the next 30 years.
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
116210 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 4:40 pm to elprez00)
quote:
Will My Generation Be The First Unable To Retire?
I plan on retiring in my 50s
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tigerbutt
LSU Fan
Deep South
Member since Jun 2006
5618 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 4:47 pm to elprez00)
Depressing isn't it? Better to work until we die anyway.
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CE Tiger
New Orleans Saints Fan
Metairie
Member since Jan 2008
26042 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 4:53 pm to tigerbutt)
If anything I'll retire around 55 grab pension and work as a consultant for a few more years.
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HeadyMurphey
LSU Fan
LP
Member since Jan 2008
14417 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 4:54 pm to CE Tiger)
Don't be shocked when that pension plan disappears
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elprez00
New Orleans Saints Fan
Hammond, LA
Member since Sep 2011
6689 posts
| re: Will My Generation Be The First Unable To Retire? (Posted on 10/4/12 at 5:00 pm to yellowfin)
quote:
750k won't get you much retirement in 30 years
Oh I know. I was just trying to make the point that slapping some cash in a savings account is not gonna cut it.
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