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re: Retiring Baby boomers increasingly saying they will need money from their children
Posted on 6/6/18 at 11:20 am to EarlyCuyler3
Posted on 6/6/18 at 11:20 am to EarlyCuyler3
quote:
Time for the euthanasia camps
Agreed. If we wipe out the millenials, the boomers will apparently starve, and the rest of us can live in peace.
1
Posted on 6/6/18 at 11:20 am to MBclass83
quote:
59 1/2.
quote:
Bye Suckers.
I would say bye too being that close to death.
Posted on 6/6/18 at 11:21 am to weagle99
Boomers ruined this country
Posted on 6/6/18 at 11:21 am to TigerstuckinMS
Interesting take there. 
Posted on 6/6/18 at 11:24 am to EarlyCuyler3
quote:
Interesting take there.
These are the types of thoughts that keep me out of positions of power.
EDIT: That and the utter incompetence. I think it's mostly the thoughts, though.
This post was edited on 6/6/18 at 11:25 am
Posted on 6/6/18 at 11:27 am to weagle99
quote:
Retiring Baby boomers increasingly saying they will need money from their children
holy hell
the boomers are the worst generation ever and now this? they're separating themselves from the pack so it would take literal nazis to compete
Posted on 6/6/18 at 11:29 am to AUCE05
quote:
This is when Boomers embrace Mexican culture.
goddamn this thread is on fire
Posted on 6/6/18 at 11:30 am to Soy Boi
quote:
I've already told my parents they could stay with me. I just hope they don't bitch about the gaming devices in the living room. I may just have to get them a television for the other bedroom.
Have you told them explicitly to stay out of your masturbatorium?
Posted on 6/6/18 at 11:31 am to bawbarn
quote:
I would say bye too being that close to death.
It happens faster than you think.
We are in good health and have been traveling the world.
It's all about us now.
Posted on 6/6/18 at 11:31 am to TigerstuckinMS
Here's the funny part about this "argument" you younguns blather about.
If it was allll milk and honey for the Boomers, you stand to take in their wealth. You inherit their land. Their homes bought so cheaply. Their unlimited savings. I'm lucky and will inherit 2 as my parents divorced.
So... which is it? Look forward to their lifetime of accumulation or - gasp - realize all this time your relatives just simply sucked at life? I wager the latter is your issue...
Posted on 6/6/18 at 11:32 am to weagle99
I could not imagine asking my kids for money.
Posted on 6/6/18 at 11:32 am to anc
quote:
They have about $50k in a 401k
Ouch
Posted on 6/6/18 at 11:33 am to SlowFlowPro
The #1 mistake the Boomers made was they came up with this term they call "retirement".
Its a bullshite word for over 90% of the world and Boomers are the first generation to use it.
The correct term is financial independence. The idea you can just up and quit working for the rest of your life is dumb. That's where social security came from, so that those that can't afford to live without the government all of the sudden now can. That's dumb. There should be no government parachute outside of living dirt poor.
Its a bullshite word for over 90% of the world and Boomers are the first generation to use it.
The correct term is financial independence. The idea you can just up and quit working for the rest of your life is dumb. That's where social security came from, so that those that can't afford to live without the government all of the sudden now can. That's dumb. There should be no government parachute outside of living dirt poor.
Posted on 6/6/18 at 11:33 am to Sao
quote:
If it was allll milk and honey for the Boomers, you stand to take in their wealth.
and the debt they accumulated on that wealth
Posted on 6/6/18 at 11:33 am to NYNolaguy1
quote:
Of course, it is because the millenials have been mooching off of their parents for too long.
thats bad parenting. the one thing boomers excelled at
Posted on 6/6/18 at 11:34 am to weagle99
My parents have been relying on my brother to finance their lifestyle for 10 years.
Anytime they started hinting around me I just gave them a "No, nothing I can do to help." Eventually they stopped asking.
My wife and I have worked our asses off to avoid the financial pitfalls our parents made, the last thing I'm going to do is destabilize all that because 40+ years of adulthood couldn't teach them to stop making bad decisions. Plus, I've got a kid of my own to provide for.
Anytime they started hinting around me I just gave them a "No, nothing I can do to help." Eventually they stopped asking.
My wife and I have worked our asses off to avoid the financial pitfalls our parents made, the last thing I'm going to do is destabilize all that because 40+ years of adulthood couldn't teach them to stop making bad decisions. Plus, I've got a kid of my own to provide for.
Posted on 6/6/18 at 11:34 am to weagle99
Why wouldn't you take care of your parents in their later years? These kinds of articles always baffle me.
Posted on 6/6/18 at 11:34 am to mmmmmbeeer
quote:
As a member of GenX, a generation who never had a chance in hell of being successful due to our parents' generation, you are correct.
Me and my 2 siblings are all successful GenX'ers
Posted on 6/6/18 at 11:37 am to baldona
Very good point. Retirement is a huge abberation only possible in this instance due to America being in great shape after WII. We are living in the correction of this and have been for quite some time. We just haven't seem to gotten the message yet.
Posted on 6/6/18 at 11:39 am to Muthsera
quote:
My wife and I have worked our asses off to avoid the financial pitfalls our parents made, the last thing I'm going to do is destabilize all that because 40+ years of adulthood couldn't teach them to stop making bad decisions. Plus, I've got a kid of my own to provide for.
i am lucky that my mother is one of the most financially conservative people i know and she sacrificed a ton to raise me and my sister/brother. she isn't going to be a burden, but, even then, she moved to TX to be with my sister and the grandbaby and their family (my brother soon followed to the ATX area himself). she has a bunch of savings and some random investments and still lives on her teacher retirement month to month
i moved out of my old place when she moved to live in her house in LC and i'm basically doing a long renovation so we can hopefully sell it in a year or so while housing is still peaking here. it's frustrating at times b/c it's an old house and needs lots of work but it's family and we're basically all in it together as a family, just like we always have been. ultimately it's 1/3 mine so i'm investing in my future property.
my dad was a huge mystery/worry. he died last year so that issue kind of resolved itself. he was going to need care. he was without almost any wealth living in a subsidized housing complex when he died. in a few years he'd be reaching an age where he might not have been able to care for himself.
but with my 2 parents i basically got to see both sides of this issue.
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