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re: What do people do who don’t have enough money for retirement?
Posted on 8/27/23 at 4:52 pm to Eighteen
Posted on 8/27/23 at 4:52 pm to Eighteen
quote:
quote: 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.
Maybe move things into a trust or estate? Don’t know, be good questions to ask my financial advisor at next visit or an attorney. People retire early all the time, how do they protect themselves long term from failing health, medical expenses, possibility of needing assisted living, nursing home etc.
This post was edited on 8/27/23 at 4:53 pm
0
Posted on 8/27/23 at 5:43 pm to cbree88
Wendy’s 4 for $4 and other specials like that.
Posted on 8/27/23 at 6:03 pm to Twenty 49
quote:
If they’re eating Purina, they’re doing okay. But if you see Ol’ Roy in the cupboard, maybe slip them a few bucks.
Posted on 8/27/23 at 6:05 pm to bhtigerfan
Cartel is always looking for drug mules
If you get caught you get prison time and three free meals
If you get caught you get prison time and three free meals
Posted on 8/27/23 at 6:10 pm to nicholastiger
quote:
Cartel is always looking for drug mules
This baw here thinks he’s Clint Fricken Eastwood .
Posted on 8/27/23 at 6:21 pm to 777Tiger
Belize Qualified Retirement Program.
quote:Belizetourismboard.org
Must be the beneficial recipient of a retirement income of $2K monthly or $24K annually generated from a source outside of Belize in an approved foreign currency [US Dollar, Pound Sterling, The Euro and Canadian Dollars].
Posted on 8/27/23 at 6:33 pm to Tantal
quote:
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.
Well shite. May need to start putting a little money aside. Sounds like a good way to spend my last few years.
Dont think i will run this one past the wife though.Posted on 8/27/23 at 6:36 pm to cbree88
What do people do who aren’t over 65 when they don’t work and have enough money?
Live off the taxpayer.
Live off the taxpayer.
Posted on 8/27/23 at 6:43 pm to nicholastiger
quote:
If you get caught you get prison time and three free meals
depends on where you get caught
Posted on 8/28/23 at 3:36 pm to BK Lounge
quote:
which is why ill be retiring early to a more “foodie”-friendly place like Malaysia or Thailand, which both have outstanding cuisine at dirt-cheap prices .
I can adapt to the food easier than I can learn to speak Thai. The language barrier is a huge deal. Otherwise, how can you negotiate prices for boom-boom?
Posted on 8/28/23 at 3:59 pm to Tantal
I think stinking your index finger in and out of your other hand with fingers in a circle is the universal sign for boom boom
Posted on 8/28/23 at 4:06 pm to Walking the Earth
quote:A case each of ramen noodles, potted meat, Vienna sausages and Spam are a hell of a lot cheaper than 50 lbs of Purina Pro Plan protein do food.
As someone thar has a dog and a cat, I can confirm that is an internet rumor because dog and cat food is actually kind of expensive.
Seems like living off of peanut butter and jelly or Spam would be cheaper.
Posted on 8/28/23 at 4:14 pm to Darth_Vader
quote:Same for me and the wife.
I don’t know. Thankfully, when I started my career over 30 years ago, I made the second best decision of my life*, namely I elected to set aside the maximum allowable amount into my 401K and I haven’t touched it since.
Our youngest (23 yrs old) just finished graduate school, started working for a firm on August 1st paying $72,000/yr with great benefits. I told him to immediately start contributing the max allowable amount to the 401K and don't touch it.
Posted on 8/28/23 at 4:21 pm to cbree88
Retirement is a relatively new concept. For most of human history you worked from the point you were able to the point you were not just to survive and help your family. And even when your body was worn out you still found some way to contribute, because it was essential. Having 20-30 years of work free life before you die is wholly unsustainable.
Posted on 8/28/23 at 4:27 pm to cbree88
quote:
What do people do who don’t have enough money for retirement?
Well, for these folks, the first thing they do is contemplate the finance lesson they have just been taught.
This post was edited on 8/28/23 at 4:28 pm
Posted on 8/28/23 at 4:30 pm to RT1941
quote:
Our youngest (23 yrs old) just finished graduate school, started working for a firm on August 1st paying $72,000/yr with great benefits. I told him to immediately start contributing the max allowable amount to the 401K and don't touch it.
401K's are great and need to be utilized to the max your company is willing to give you but keep in mind, your 401K alone will not save you. Irresponsible spending over the years can still leavve you in a big bind come retirement.
The first thing I tell my kids is pay off your house.
This post was edited on 8/28/23 at 4:31 pm
Posted on 8/28/23 at 4:48 pm to jizzle6609
quote:
The first thing I tell my kids is pay off your house.
Depends on the interest rate. If you're on one of those sub-3% mortgages, you're better off maxing out the 401K and a Roth and slow-rolling the mortgage.
Posted on 8/28/23 at 4:50 pm to Eighteen
quote:The issue is pricing and location of said boom-boom.
I think stinking your index finger in and out of your other hand with fingers in a circle is the universal sign for boom boom
Posted on 8/28/23 at 4:56 pm to Tantal
Medical Divorce..
Just might save some of you folks your Retirement funds.
Look it up
Just might save some of you folks your Retirement funds.
Look it up
Posted on 8/28/23 at 4:59 pm to cbree88
Bagging groceries at Brookshires is a pretty good gig.
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