patrick.net

This is why Trump's plans for deregulating the dog food industry are so troubling. Oldsters under Trumps regime will be eating it for dinner.

YesYNot says

This is why Trump's plans for deregulating the...

Ah! So now you admit he's going to get elected.
Finally.

The new retirement is having enough saved for a suicide and cremation.

Lots of Baby Boomers retiring with no savings other than their house. Lots of Millennials who can't even think about buying a house due to student loans. Crash coming.

New butler on demand app coming.

I'm going to start buying warehouses and old public buildings no longer used - maybe airport hangers, too - and put cots in them to rent out to old people!

$10/day

Thanks Both Political Parties!

Thanks Goldman Sachs, Wall Street and treacherous "American" multinationals that would outsource their mother's job to save a few bucks an hour!

Those who can pay will pay for those who can't pay. It's become the American way.

junkmail says

Ah! So now you admit he's going to get elected.

Finally.

It's a rhetorical tool to make people really imagine that it could happen and think about what life would be like. Mmm dog food. The bottom half of the oldsters better start kissing up to their children and applying to be a Walmart greeter before the mad rush starts.

Aren't there weekend courses on how BoomFucks can better swindle, beguile and grift MillXYers for their retirement years?

freespeechforever says

Many Americans are not prepared for retirement.

In fact, "nearly half of families have no retirement account savings at all," the Economic Policy Institute (EPI) reported.

...But that number doesn't tell the whole story. Since so many families have zero savings and since super-savers can pull up the average, the median savings, or those at the 50th percentile, may be a better gauge. The median for all families in the U.S. is just $5,000, and the median for families with some savings is $60,000.

I'm sure these same people who have little or no retirement savings also charge up their credit cards, buy fancy cars, and take luxurious vacations. Now they will want a handout from me. Fuck Off.

This is blown out of proportion:
1. Some part time job + SS should be OK.
2. Delaying retirement a few more years can help a lot.
3. Most importantly - old people can actually be sacrificed without that affecting society much.

DieBankOfAmericaPhukkingDie says

They'll all die in truck stops being kicked to death by clients stiffing them for the blow job fees.

That's what they get for accepting blow job IOUs or installment plans. They're called DumbFuckBoomFucks.

FP says

2. Delaying retirement a few more years can help a lot.

Did not help so far. They will keep living beyond their means, and save nuttin.
They will end up working at Walmart until they turn 85.

Walmart should offer cutrate Viking funerals for BoomFucks. Shove them out the door in a burning shopping cart.

http://www.cnbc.com/2016/09/19/couple-saved-1-million-to-retire-at-43-best-money-saving-tip.html

A couple that saved $1 million to retire at age 43 shares their best money-saving tip

Strategist says

http://www.cnbc.com/2016/09/19/couple-saved-1-million-to-retire-at-43-best-money-saving-tip.html

A couple that saved $1 million to retire at age 43 shares their best money-saving tip

These people are idiots and I doubt their net worth claims. Only a fool thinks they can retire at 43 with a million in liquid cash net worth.

The irony of retirement is the earlier you retire, the MORE liquid money you need, especially if you haven't made the Social Security and Medicare bench marks. That money has to support you for a very long time.

They should call the article "How To Make Money By Inducing Internet Click Bait Pretending To Be Richer Than You Are To Give Bogus Internet Wealth Advice".

Strategist says

http://www.cnbc.com/2016/09/19/couple-saved-1-million-to-retire-at-43-best-money-saving-tip.html

A couple that saved $1 million to retire at age 43 shares their best money-saving tip

$1 million isn't enough to live off of for the rest of your life if you are 43, unless you plan on dying relatively young.

Ceffer says

These people are idiots and I doubt their net worth claims. Only a fool thinks they can retire at 43 with a million in liquid cash net worth.

zzyzzx is deplorable says

$1 million isn't enough to live off of for the rest of your life if you are 43, unless you plan on dying relatively young.

I agree with you guys. $1 million isn't enough, especially since you don't get social security or retirement accounts to supplement your income. Nevertheless, they are doing pretty good, probably will continue to work, and retire in their 50's in comfort.

Ironman says

Spending LESS than what you make

That's anti-American!

zzyzzx is deplorable says

$1 million isn't enough to live off of for the rest of your life if you are 43, unless you plan on dying relatively young.

I disagree. $1 million will yield more than $3,000/mo inflation adjusted. If one does not have work-related expenses and can live anywhere (including abroad, e.g. eastern or southern Europe), it is enough. Add to it SS and medicare, and it is a pretty comfortable life.

The problem is if advances in medicine, like replacement of organs, make it possible to extend our lifespans significantly. It will likely cost a lot. A few more years of work for the chance to triple my lifespan? I think it is worth it.

FP says

I disagree. $1 million will yield more than $3,000/mo inflation adjusted. If one does not have work-related expenses and can live anywhere (including abroad, e.g. eastern or southern Europe), it is enough. Add to it SS and medicare, and it is a pretty comfortable life.

$3,000 won't make it if you have to pay for housing and medical insurance. Being a millionaire sure does not get you what it used to.

My retirement plan is simple... I plan to be carted out of my office in a coffin.

I've seen too many people who stop working... and then lose their marbles shortly after that, or their bodies start falling apart from not moving around. Keep your mind and body busy. Working is good for that.

My grandfather lived healthy for many years after retirement taking care of a large vegetable garden and a small vineyard. I don't think he used to spend more than a few hundred euro a month.

Strategist says

I'm sure these same people who have little or no retirement savings also charge up their credit cards, buy fancy cars, and take luxurious vacations.

Or divorce when they're in their 40's because they're unhappy and going through a "midlife crisis". Divorce has become such a common thing over the past 40 years and it can cost a person in their mid-40's or early 50's all the savings they have accumulated in the form of a paid for home and other assets, losing half their net worth when settlements are made, leaving them virtually destitute for the rest of their lives if they have to shell out for attorneys or child support. Many couples delay having children until they're in the late 30's, so in their 40's they're still going to be responsible for minor children until they reach 18, not to mention college costs. I see obits every day of people in their 80's and 90's who are survived by spouses of 65-70 years--these were the people who didn't have any alternative but marriage and were often looked down upon by the early wave of Baby Boomers who had so many more lifestyle options--except their stodgy, square lifestyles provided them with the love and companship of extended family well into their declining years, not to mention better financial health. I often wonder what it's going to be like for Boomers now approaching 70 who spent a lifetime doing their own thing, abandoning partners to whom they were never married and grown children they didn't care anything about when they were little. A study a couple of months ago showed that the married to each other for life man and woman and children they chose to have is still the best model for economic success. Blended families, on the other hand, are often the worst as they bring in unanticipated expenses of additional minor children.

FP says

This is blown out of proportion:

1. Some part time job + SS should be OK.

2. Delaying retirement a few more years can help a lot.

3. Most importantly - old people can actually be sacrificed without that affecting society much.

i can see it coming...

there will be a day that the country is full of retirees who can't produce anything but hog SS and complain all day long. the gov will then have to implement new policies to combat the problem.

one solution worth considering: legalizing assisted suicides. for every successful assisted suicide, the person who assists gets $5K.

this will both create jobs for the youngs and get rid of non-useful citizens at the same time.

FP says

I disagree. $1 million will yield more than $3,000/mo inflation adjusted.

Exactly how are you investing this retirement nest egg? That and have you seen the price for an Obamacare policy lately? Who can afford to retire when your Obamacare policy costs you around $1000/month, and if you actually try to use it, you still have a $6000 deductible? I have done the math and concluded that it's pretty unaffordable to retire until you can get on Medicare. And even then if you buy a policy to cover the % that Medicare doesn't pay, it's still relatively expensive.