Will My Generation Be The First Unable To Retire? - Page 4 - TigerDroppings.com

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TheLittleAristotle
Minnesota Fan
On my couch absorbing MFP 3:16
Member since Feb 2006
3889 posts

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


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
24309 posts

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


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
12654 posts

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


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
8320 posts

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


They make this thing called interest. Pretty cool.





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DuckManiak
LSU Fan
Ponchatoula
Member since Nov 2011
1426 posts

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


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
Wofford Fan
Western Colorado
Member since Feb 2007
22302 posts

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


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
Wofford Fan
Western Colorado
Member since Feb 2007
22302 posts

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


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
13170 posts

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


quote:

Will My Generation Be The First Unable To Retire?

Logan's Run.

Just sayin'






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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
69000 posts

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


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
30596 posts

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


Company pension plan ftw





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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
69000 posts

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


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
30596 posts

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


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
120417 posts

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


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
6833 posts

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


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
30596 posts

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


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
Los Santos
Member since Jan 2008
15770 posts

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


Don't be shocked when that pension plan disappears





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elprez00
New Orleans Saints Fan
Hammond, LA
Member since Sep 2011
12654 posts

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


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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