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Posted: 3/27/2024 7:31:24 PM EDT
[#1]
Quote HistoryOriginally Posted By fxntime: I already have my intersection, cripple stick, dress attire picked out and appropriate sad sign made up. Growing my beard out now, it's nice and white and oh so santa claus sad. |
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MD, USA
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Posted: 3/27/2024 7:31:41 PM EDT
[#2]
Here's my retirement plan.
If you look at Weed 'N Feed, the back says "It is a violation of federal law to use this product in any manner other than as prescribed." When it's time to pack it in, I'm going to set my spreader to "8". The instructions explicitly say to set my model to "5". Then, I will commit felonious fertilization. I'll go down to the US Attorney's office and offer to plead guilty. All the AUSA's want to keep up their batting score, so another information/indictment and guilty plea should be highly welcome. The only condition would be to send me to the place they're going to send Sam Bankman-Fried to, the one with tennis and yoga. Three hots and a cot, yoga and tennis in the California sun, all I have to worry about is getting out too soon. Courtesy of the generosity of the US taxpayer. |
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AZ, USA
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Posted: 3/27/2024 7:35:01 PM EDT
[#3]
Quote HistoryOriginally Posted By fxntime: I already have my intersection, cripple stick, dress attire picked out and appropriate sad sign made up. Growing my beard out now, it's nice and white and oh so santa claus sad. Quote HistoryOriginally Posted By fxntime: Originally Posted By brownbomber: Originally Posted By SystemFailCoreDump: I will never be able to retire. Medical expenses, multiple disasters and the Dot Bomb completely wiped us out and as aggressive as I am at trying to recover the math is what it is. Two and a half million in retirement assets gone. No matter how well you plan and how well you play the game, life can come over and kick your nutz right up to your teeth when you least expect it. I want to scream this every time I hear some young person going on about how Social Security should be ended and "boomers should have planned better" and "boomers had all the advantages". Bullshit.  I'm a Millennial. Every time I see some older homeless person dragging around a suitcase downtown, I remind myself there's a good chance that a whole lot of us are going to end up like that. I already have my intersection, cripple stick, dress attire picked out and appropriate sad sign made up. Growing my beard out now, it's nice and white and oh so santa claus sad. There is a guy here (Tucson) who fits that physical description who has been begging at the same corner for YEARS. He parks his truck at the corner establishment, and won't get a job because "this is my job." My wife knows someone who works at that establishment. They know, because he uses the bathroom there. When he started half a decade ago or more, he didn't have a beard. |
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Posted: 3/27/2024 7:35:33 PM EDT
[#4]
Quote HistoryOriginally Posted By burnprocess: Rough seas ahead. In every direction. |
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Posted: 3/27/2024 7:37:19 PM EDT
[Last Edit: 2JokersWild]
[#5]
Any bets on whether she voted for "Hope and Change"?
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Posted: 3/27/2024 7:37:21 PM EDT
[#6]
Quote HistoryOriginally Posted By JLPettimoreIII: you need a dag. Quote HistoryOriginally Posted By JLPettimoreIII: Originally Posted By fxntime: I already have my intersection, cripple stick, dress attire picked out and appropriate sad sign made up. Growing my beard out now, it's nice and white and oh so santa claus sad. Already planned, want to take a drive around the country first but a new dog is tops on my list, I have missed having one the past couple of years far more then I want to admit but it would not have been fair to the dog with work, on call and OT. |
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Posted: 3/27/2024 7:37:50 PM EDT
[Last Edit: Papposilenus]
[#7]
Quote HistoryOriginally Posted By brownbomber: There is a guy here (Tucson) who fits that physical description who has been begging at the same corner for YEARS. He parks his truck at the corner establishment, and won't get a job because "this is my job." My wife knows someone who works at that establishment. They know, because he uses the bathroom there. When he started half a decade ago or more, he didn't have a beard. Quote HistoryOriginally Posted By brownbomber: Originally Posted By fxntime: Originally Posted By brownbomber: Originally Posted By SystemFailCoreDump: I will never be able to retire. Medical expenses, multiple disasters and the Dot Bomb completely wiped us out and as aggressive as I am at trying to recover the math is what it is. Two and a half million in retirement assets gone. No matter how well you plan and how well you play the game, life can come over and kick your nutz right up to your teeth when you least expect it. I want to scream this every time I hear some young person going on about how Social Security should be ended and "boomers should have planned better" and "boomers had all the advantages". Bullshit. I'm a Millennial. Every time I see some older homeless person dragging around a suitcase downtown, I remind myself there's a good chance that a whole lot of us are going to end up like that. I already have my intersection, cripple stick, dress attire picked out and appropriate sad sign made up. Growing my beard out now, it's nice and white and oh so santa claus sad. There is a guy here (Tucson) who fits that physical description who has been begging at the same corner for YEARS. He parks his truck at the corner establishment, and won't get a job because "this is my job." My wife knows someone who works at that establishment. They know, because he uses the bathroom there. When he started half a decade ago or more, he didn't have a beard. Old friend of mine sold papers and asked for change at Grant/Kolb and Tanque Verde. Sent his kid to Salpointe on the proceeds (that's a private Catholic Highschool for those not from the Dirty T, looking at about $5,000 tuition at the time if memory serves) pretty sure he lived at that self storage unit near the corner, but I was never invited over for high tea. I know he didn't live under the bridge there |
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Posted: 3/27/2024 7:40:58 PM EDT
[#8]
My mother is one of them. She spends like a drunken sailor with every dollar she makes and always has. It took me a long time to learn good financial habits after learning bad ones from her and my step father. I'm pretty sure she did a reverse mortgage and then they run off to the casino on the weekend.
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Posted: 3/27/2024 7:42:58 PM EDT
[#9]
Quote HistoryOriginally Posted By IPB: Retirement, like religion is a luxury most can't afford. I disagree, but interesting concept |
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Posted: 3/27/2024 7:43:56 PM EDT
[#10]
Older boomer here. Plan for your future. No one is going to do it for you. No pensions for my wife or myself. I was self employed most of my life. We make as much and sometimes more than when we were working because we planned our retirement.
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Posted: 3/27/2024 7:46:03 PM EDT
[#11]
Quote HistoryOriginally Posted By SystemFailCoreDump: I will never be able to retire. Medical expenses, multiple disasters and the Dot Bomb completely wiped us out and as aggressive as I am at trying to recover the math is what it is. Two and a half million in retirement assets gone. No matter how well you plan and how well you play the game, life can come over and kick your nutz right up to your teeth when you least expect it. I want to scream this every time I hear some young person going on about how Social Security should be ended and "boomers should have planned better" and "boomers had all the advantages". Bullshit. I’d be curious to hear how you’d frame an argument that the boomer American generation is not the most prosperous and successful in all of recorded human history That doesn’t mean 100.00% of boomers are successful/got lucky/ perfect Sorry for your medical woes |
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Posted: 3/27/2024 7:46:37 PM EDT
[#12]
Quote HistoryOriginally Posted By Ozgur: Apparently, GD wants us to hate anybody that grows old, gets cancer, and is swamped with bills from cancer treatment. Jesus was right about the end times, men's hearts will grow cold. It wasn’t the end times, it was reading the phrase “fuck you, pay me” a little too much on this site. Kinda hard to have empathy past that point. |
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Posted: 3/27/2024 7:46:39 PM EDT
[#13]
Don't be nieve in thinking the last 30-40 years have been prosperous for everybody. Or that all they had to do was sock away $32/wk to be millionaires. I know lots of people who lost retirement money at the world's largest casino (Wall Street). Life is a gamble. Prepare accordingly.
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Posted: 3/27/2024 7:47:12 PM EDT
[#14]
Retirement as an able bodied person is a new thing.
Retirement used to be extreme wealth, infirmity, or death. Nobody "deserves" to retire. |
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Posted: 3/27/2024 7:48:41 PM EDT
[#15]
I told my kids flat out that I would not co-sign on any loans or take out loans for them. I know one woman who retired from my work with at least $100k of debt for her kids with degrees in French and literature and such. The kids were working basic retail jobs after school.
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Posted: 3/27/2024 7:48:56 PM EDT
[Last Edit: bradpierson26]
[#16]
Quote HistoryOriginally Posted By panthermark: But was lack of planning the problem? Based on the article, it was medical bills being that both of them were diagnosed with cancer. I would love to retire in almost exactly 10 years, but I'm guessing it will be 14 years since I had kids late in life. I am planning now, but I could see how medical issues in the future can mess everything up. Maybe? Planning isn’t just 401k and brokerage. It’s also lifestyle & career. Tradesman with a broken body? How’d you get cancer? Work with toxic XYZ for 50 years? Eat Cheetos and hot dogs? No sunscreen? Or just plain bad fuckin luck? |
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MI, USA
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Posted: 3/27/2024 7:49:25 PM EDT
[#17]
Quote HistoryOriginally Posted By eagarminuteman: Wait so I’m supposed to hate Boomers for stealing the future of the country or feel bad when some of them are still broke at their age despite having lived during a very prosperous time in America? Which is it? Stealing the future of the country. what the hell are you talking about? what is going on with all this Boomer, hate? |
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HI, USA
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Posted: 3/27/2024 7:51:50 PM EDT
[#18]
Quote HistoryOriginally Posted By terryj: Did anyone here get Enroned? Lots of retirement dreams shattered right there. Not enroned but I know a few that took big hits from the dot com collapse. It's a big part of why I feel the current market environment is so sketchy, lots of people at or nearing retirement and chasing very expensive stocks while the underlying economy has a lot of weakness. I think things are much crazier than it was back then. The other thing that trips me out is the young couples I see buying homes in the 750k-1m range. They typically have very young kids, nice cars, etc. They don't look around at those who are 20-30 years their senior and see them living in more modest homes, with decade+ old cars and think maybe there's a reason for that? |
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USA
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Posted: 3/27/2024 7:53:00 PM EDT
[#19]
She clocks over 40 hours weekly in her salaried human resources role at a medium-sized company. So she does almost nothing all day. Got it. |
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Posted: 3/27/2024 7:54:11 PM EDT
[#20]
As long as things stay on track I and my wife can both retire without a problem but I don't have any plans to for now. I'd be bored and I'd feel like I shouldn't be spending much. I like my job so I'll just keep working.
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Posted: 3/27/2024 7:54:22 PM EDT
[#21]
Quote HistoryOriginally Posted By Caeser2001: So she does almost nothing all day. Got it. I laughed |
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ISR
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Posted: 3/27/2024 7:55:49 PM EDT
[#22]
I had a neighbor from OK that moved to ID after her husband was diagnosed with cancer. A lifetime of savings from his work as a self-employed contractor wiped out from medical / hospital bills. He died, and she lived on $900.00 / month from SS. She was understandably bitter at life but we liked her. They saved for retirement but unforeseen circumstances made her poor when she couldn’t work anymore. Last I knew she had to move out of the house she rented and found a roommate to split costs. Not sure why her daughter didn’t step up…
I hope none of you reading this face a similar situation because the bottom line is you don’t know what the future holds. |
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Posted: 3/27/2024 8:00:11 PM EDT
[#23]
I plan on living rent free by squatting at politicians houses.
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ID, USA
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Posted: 3/27/2024 8:06:14 PM EDT
[#24]
Quote HistoryOriginally Posted By VACaver: I'm a boomer and loving the retired life.  Yep, I retired 5 years ago. At 55. I make more now than I did when I was working. All the renters in these threads can suck it. |
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Posted: 3/27/2024 8:07:56 PM EDT
[#25]
Quote HistoryOriginally Posted By Terriblis: I plan on living rent free by squatting at politicians houses.  Attached File |
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AR, USA
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Posted: 3/27/2024 8:09:38 PM EDT
[#26]
I'm heading to the gym. We're all of us just one serious illness away from the poor house.
Also a cigar buddy of mine had 1.2 mil stolen by lehman brothers. He got a check for 10k from the settlement. Older guy. WO flying UH 1Cs in Vietnam. He wanted to fly up to NYC and shoot somebody. He wasn't joking about that. |
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Posted: 3/27/2024 8:17:50 PM EDT
[#27]
Quote HistoryOriginally Posted By SystemFailCoreDump: I will never be able to retire. Medical expenses, multiple disasters and the Dot Bomb completely wiped us out and as aggressive as I am at trying to recover the math is what it is. Two and a half million in retirement assets gone. No matter how well you plan and how well you play the game, life can come over and kick your nutz right up to your teeth when you least expect it. I want to scream this every time I hear some young person going on about how Social Security should be ended and "boomers should have planned better" and "boomers had all the advantages". Bullshit. Yeah man. Bad things happen to good people. |
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USA
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Posted: 3/27/2024 8:18:12 PM EDT
[#28]
Quote HistoryOriginally Posted By FE427TP: Years of retirement are not a promise of the American dream. When social security was enacted only 20% of Americans were going to live long enough to collect it. When welfare was enacted, what percentage was supposed to go generation after generation on it? |
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Posted: 3/27/2024 8:20:04 PM EDT
[#29]
Quote HistoryOriginally Posted By eagarminuteman: Wait so I’m supposed to hate Boomers for stealing the future of the country or feel bad when some of them are still broke at their age despite having lived during a very prosperous time in America? Which is it? We can tell who the 20-somethings are in this thread. |
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Posted: 3/27/2024 8:22:08 PM EDT
[#30]
Quote HistoryOriginally Posted By Riter: Same thing happened to my neighbor in SF. Her husband developed cancer and they took out an equity loan to cover his medical expense. She's now back to work and will be there until the day she dies. I have read that cancer is financial ruin for most. |
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Posted: 3/27/2024 8:22:24 PM EDT
[#31]
And yet the majority here on the site absolutely hate trade unions pensions . Yeah , I’ll get a lotta crap thrown my way , but that is what many people did before the 401 k and Ira accounts started being adopted . Company and union pensions was/is a thing . IMO , that is why the markets are over valued . Too much money chasing so little stocks . But , I’m just a dumbass redneck . This is all imo of course .
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USA
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Posted: 3/27/2024 8:22:28 PM EDT
[#32]
Quote HistoryOriginally Posted By brownbomber: I'm a Millennial. Every time I see some older homeless person dragging around a suitcase downtown, I remind myself there's a good chance that a whole lot of us are going to end up like that. Quote HistoryOriginally Posted By brownbomber: Originally Posted By SystemFailCoreDump: I will never be able to retire. Medical expenses, multiple disasters and the Dot Bomb completely wiped us out and as aggressive as I am at trying to recover the math is what it is. Two and a half million in retirement assets gone. No matter how well you plan and how well you play the game, life can come over and kick your nutz right up to your teeth when you least expect it. I want to scream this every time I hear some young person going on about how Social Security should be ended and "boomers should have planned better" and "boomers had all the advantages". Bullshit. I'm a Millennial. Every time I see some older homeless person dragging around a suitcase downtown, I remind myself there's a good chance that a whole lot of us are going to end up like that. I'm Gen X. Every time I see an older guy at the country club who can't swing a driver 90mph anymore, I remind myself the same. Challenges are indeed generational. |
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USA
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Posted: 3/27/2024 8:24:37 PM EDT
[#33]
Quote HistoryOriginally Posted By razorbackM1A: I'm heading to the gym. We're all of us just one serious illness away from the poor house. Also a cigar buddy of mine had 1.2 mil stolen by lehman brothers. He got a check for 10k from the settlement. Older guy. WO flying UH 1Cs in Vietnam. He wanted to fly up to NYC and shoot somebody. He wasn't joking about that. Some people did some things to Lehman Brothers in NYC. |
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Posted: 3/27/2024 8:25:20 PM EDT
[#34]
Quote HistoryOriginally Posted By Dale007: Stealing the future of the country. what the hell are you talking about? what is going on with all this Boomer, hate? Let them talk it…in another thread the millennials and Zers are fighting over Pee Shitty or something like that… |
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Posted: 3/27/2024 8:26:01 PM EDT
[Last Edit: Makarov]
[#35]
So, she has a career but no health insurance? She is 70 but not enrolled in Medicare? Same with her husband.
I’m in my mid-50s and I can retire anytime I want. No debt (always avoided it) never divorced, no addictions, started investing in my 20s (too conservative in my strategy, I should have been MUCH more aggressive). |
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TX, USA
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Posted: 3/27/2024 8:27:19 PM EDT
[#36]
The boomers lived in a far easier economic environment than any of their successors. I have little sympathy for their retirement issues.
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Posted: 3/27/2024 8:28:35 PM EDT
[#37]
Quote HistoryOriginally Posted By SlipRing: The boomers lived in a far easier economic environment than any of their successors. I have little sympathy for their retirement issues.  Attached File |
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TN, USA
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Posted: 3/27/2024 8:31:43 PM EDT
[#38]
Quote HistoryOriginally Posted By flcroc: Retirement as an able bodied person is a new thing. Retirement used to be extreme wealth, infirmity, or death. Nobody "deserves" to retire. This is so lost on virtually everyone these days and needs to be repeated frequently. I do feel bad for the wives/widows that had poor financial managing from their husbands and end up having to work until they die. |
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Posted: 3/27/2024 8:33:00 PM EDT
[#39]
Quote HistoryOriginally Posted By burnprocess: Rough seas ahead.In every direction.  |
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Posted: 3/27/2024 8:34:02 PM EDT
[#40]
Quote HistoryOriginally Posted By 18B30: Welcome to the new reality. It’s only going to get worse. So, enjoy the ride!18WYXZ81 |
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Posted: 3/27/2024 8:35:08 PM EDT
[#41]
Quote HistoryOriginally Posted By Hillbilly62: Let them talk it…in another thread the millennials and Zers are fighting over Pee Shitty or something like that… Quote HistoryOriginally Posted By Hillbilly62: Originally Posted By Dale007: Stealing the future of the country. what the hell are you talking about? what is going on with all this Boomer, hate? Let them talk it…in another thread the millennials and Zers are fighting over Pee Shitty or something like that… Would you two like to come over and drink vintage Surge with me and watch The Wayan Bros. show? |
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OR, USA
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Posted: 3/27/2024 8:47:04 PM EDT
[#42]
Quote HistoryOriginally Posted By SlipRing: The boomers lived in a far easier economic environment than any of their successors. I have little sympathy for their retirement issues. If you had read the original post you would realize it is more of a medical expense issue than a retirement issue. You can save your whole life, pay off your home, and put a million dollars in the bank and still lose it all over a sickness. I have one illness that would cost around $90,000 per year in drug costs to treat. Needless to say, I cannot afford that treatment so I just will have to suffer along as best I can. I have another disease that would cost over $40,000 to treat. I can't afford that either. I would rather just not spend the money so that I will be able to give my house and remaining 401K money to my daughter when I go. |
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Posted: 3/27/2024 8:48:14 PM EDT
[#43]
Quote HistoryOriginally Posted By callgood: "Bill, 71, is also still working despite retiring two years ago from a career in advertising. He's had to return to work 32 hours a week to supplement his retirement savings, partially due to the high cost of living in Connecticut. He's also contending with intergenerational financial strains. He said he will still be making payments on his kids' college loans until next March." 1. Move 2. Tell the yoots, "Estas por tu cuenta!" Or did the clown co-sign on his 40 yo failure's Gender Studies loan? Either way evidently the apple doesn't fall far from that tree. |
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Posted: 3/27/2024 8:49:56 PM EDT
[#44]
Quote HistoryOriginally Posted By Nick_Adams: Some Boomers chose poorly in life. But fear not .. the 'Day of the Pillow' is coming. A Millennial or Gen Zer of some relation will help you move on. Quote HistoryOriginally Posted By Nick_Adams: Originally Posted By JLPettimoreIII: Marcia is in her 70's and she's still working. She clocks over 40 hours weekly in her salaried human resources role at a medium-sized company. "As much as I love my job and what I do, in my darkest private moments, I think I'm going to die in this job. I'm going to die in this office because I have no way to get out," she said. For her, work means both dignity and a financial lifeline. She's far away from family and doesn't have help or a second income she can rely on. One of the main reason she hasn't been able to retire is that she's been "overwhelmed" by medical bills from both her husband's cancer diagnosis he died two years ago and now from her own cancer diagnosis. "I was hoping that my husband and I could retire together. And I guess my biggest misjudgment was I didn't plan on being alone financially, emotionally, and one could say I should have, but I didn't," she said. Marcia is one of many retirees who feel left behind by the American dream's promise that a life of hard work would be rewarded with years of rest. Now, as with many traditional economic milestones, retirement has become a luxury reserved only for those who can afford it. More people over 65 are working as pensions disappear, people live longer, and Social Security benefits are seemingly always in peril. It all points to a retirement crisis sweeping its way across the country. Business Insider spoke with several Americans of retirement age about why they are still trading their time for money. Their identities have been verified, but a few asked to go by their first names only to preserve their privacy. "If I get the chance, I would like to help other people by sharing the experience and supporting people and maybe finding some solutions to these issues," Marcia said. "I think older people become very invisible, and maybe it's going to take other older people to help heighten that visibility." moar Some Boomers chose poorly in life. But fear not .. the 'Day of the Pillow' is coming. A Millennial or Gen Zer of some relation will help you move on. |
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AL, USA
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Posted: 3/27/2024 8:50:29 PM EDT
[#45]
Quote HistoryOriginally Posted By ALASKANFIRE: As it's going now I doubt I will be able to retire. Any kind of hardship or medical emergency and I will be greeting you at walmart until I die Same here bud. After divorce and child support and a current 60k a year job there's no way in hell I'll retire unless I win the lotto. |
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Posted: 3/27/2024 8:51:33 PM EDT
[#46]
At 70 shouldnt she have Medicare?
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Posted: 3/27/2024 8:53:07 PM EDT
[#47]
Quote HistoryOriginally Posted By 4q2: And yet the majority here on the site absolutely hate trade unions pensions . Yeah , I’ll get a lotta crap thrown my way , but that is what many people did before the 401 k and Ira accounts started being adopted . Company and union pensions was/is a thing . IMO , that is why the markets are over valued . Too much money chasing so little stocks . But , I’m just a dumbass redneck . This is all imo of course . You do realize that those union pension funds are invested in the stock market right? If the market collapsed the fund would be insolvent. |
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Posted: 3/27/2024 8:55:11 PM EDT
[#48]
Quote HistoryOriginally Posted By MikeJGA: Failing to plan is planning to fail. She and her husband had 50+ years to plan for retirement. No fucks given. You reap what you sow. 
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Posted: 3/27/2024 8:55:31 PM EDT
[#49]
Quote HistoryOriginally Posted By sakohntr: Don't be nieve in thinking the last 30-40 years have been prosperous for everybody. Or that all they had to do was sock away $32/wk to be millionaires. I know lots of people who lost retirement money at the world's largest casino (Wall Street). Life is a gamble. Prepare accordingly. Everyone who treated the market as an investment and just chunked money into an index fund over the past few decades and didn't fuck with it is in tall cotton right now. |
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Posted: 3/27/2024 8:56:50 PM EDT
[#50]
Quote HistoryOriginally Posted By eagarminuteman: I mean statistics say that like 70% of seniors would be in poverty without SS, imagine how much worse that’ll be when our generations start to retire. I know very few financially smart zoomers, just saying. Just saying what ?? |
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