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re: What do people do who don’t have enough money for retirement?
Posted on 8/27/23 at 11:14 am to Damone
Posted on 8/27/23 at 11:14 am to Damone
quote:
Work and pay taxes your entire life
I pay taxes on OT almost baller income, you pay taxes on your sub 100k a year job. We get the same "pittance." F off.
3
Posted on 8/27/23 at 11:28 am to AlumneyeJ93
quote:
I’m very leary a a major illness or other event with me or the mrs with some crappy insurance could wipe out our savings or one of us has to go to nursing home.
I’ve been meaning to talk to someone smarter than me about this topic. Is there a way to structure assets so that a big medical event for you or spouse couldn’t bankrupt you? How can you structure and protect assets so it can’t get attacked in terms of cancer diagnosis without the luxury of quality health insurance.
Posted on 8/27/23 at 11:36 am to cbree88
It is not a coincidence that the EBR Council on Aging is rife with corruption. The lady in charge has swindled seniors, yet has been given full control over the agency's finances.
Old people are the bread and butter for con artists in local and state government. The money is there.
If we did right by our people in the US, people under 18 and over 70 would not have to pay for much of anything. However, we waste too much money propping up working age lazy asses to afford such a measure.
Old people are the bread and butter for con artists in local and state government. The money is there.
If we did right by our people in the US, people under 18 and over 70 would not have to pay for much of anything. However, we waste too much money propping up working age lazy asses to afford such a measure.
Posted on 8/27/23 at 11:36 am to cbree88
No 1 key to living a good life in Retirement
NO DEBT
Posted on 8/27/23 at 11:51 am to Damone
quote:This would depend upon the amount of taxes you paid. Sorry, but probably about 60% end up getting free shite. We know 49% pay no taxes effectively and another group paid minimal taxes that collect far beyond. Again, sorry your feelings were hurt.
Work and pay taxes your entire life, get some basic pittance of assistance when you’re too old to contribute any longer and it’s “collect free shite”.
Posted on 8/27/23 at 11:54 am to Locoguan0
quote:What? How many of those 70 year olds were "lazy asses?" Stats would suggest many.
If we did right by our people in the US, people under 18 and over 70 would not have to pay for much of anything. However, we waste too much money propping up working age lazy asses to afford such a measure.
Posted on 8/27/23 at 11:57 am to LemmyLives
Burger King isn't baller status.
Posted on 8/27/23 at 11:59 am to LSU0358
quote:
My parents are elderly and still working fulltime jobs.
Ill always do something as long as I'm physically able because sitting at the house just isn't for me
Ive never understood this line of thinking .. if “sitting at the house” isnt for you, then why not do one of the million things smart people do in retirement- things like playing golf, fishing, volunteering, traveling and on and on and on…. If you dont like sitting at the house, why do you feel the need to continue working ??
Posted on 8/27/23 at 12:00 pm to Tantal
quote:
All he has is Social Security and a little income from his YouTube channel. He's 66 and has a cute 29 year old Filipina wife. He lives in a 3/2 beach house just south of Dumaguete that costs him $500/month.
That sounds pretty good. Pics of wife?
Posted on 8/27/23 at 12:37 pm to BK Lounge
quote:
golf, fishing,
Not my favorite things to do
quote:
traveling
My favorite thing to do. My work life will basically be to help fund my travel plans at that point. Work 4 to 6 months and then travel for 6 months.
This post was edited on 8/27/23 at 12:40 pm
Posted on 8/27/23 at 1:45 pm to RanchoLaPuerto
I ran some numbers. You could do 35 days on beans and rice for about $90.
You could make that panhandling.
You could make that panhandling.
Posted on 8/27/23 at 1:47 pm to TigerBait2008
At least I don't work in a surgical center doing top surgery.
Posted on 8/27/23 at 1:48 pm to cbree88
Move to San Fran, set up a tent on a sidewalk, receive food stamps, free med care, $800 month welfare benefit and free heroin or other drug of your choice, vote democrat.
Posted on 8/27/23 at 1:57 pm to cbree88
Money board
Posted on 8/27/23 at 3:19 pm to LemmyLives
quote:
I pay taxes on OT almost baller income, you pay taxes on your sub 100k a year job. We get the same "pittance." F off
Are you referring to Social Security? Because not everyone gets the same amount.
Posted on 8/27/23 at 3:40 pm to LemmyLives
You are officially dumb
Posted on 8/27/23 at 3:49 pm to BK Lounge
quote:
why do you feel the need to continue working
Because a lot of American’s tie their self worth and identity to work. Once the kids are gone a lot of couples realize they have no shared interests with their spouses anymore. Their only hobby is to watch TV. It’s easier to keep working so you have something to do.
Our company sends out emails when retirees pass away. It’s shocking how many die within 5 years of retirement.
Posted on 8/27/23 at 3:52 pm to cbree88
They are called “Poors” no one on this board can relate to their poor ways.
Posted on 8/27/23 at 3:58 pm to LSU0358
quote:
golf, fishing,
Not my favorite things to do
Ive never golfed or fished a day in my life.. i was just throwing things out off the top of my head that many retirees prefer doing as opposed to going to work .
Posted on 8/27/23 at 4:01 pm to ABucks11
quote:
Because a lot of American’s tie their self worth and identity to work. Once the kids are gone a lot of couples realize they have no shared interests with their spouses anymore. Their only hobby is to watch TV. It’s easier to keep working so you have something to do.
Yep.. and it’s really sad…. Personally, i have a hard time finding time to do my current fulltime job since i have so many other things i like to do outside of work.. so i think i can state pretty definitively that i would not get bored in retirement, as some here seem to suggest that many do .
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