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Old 04-13-2011, 10:57 AM   #21
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One comment by one of the people appearing on the program was that anyone even thinking about retiring in their fifties should have their head examined. My. I do not agree.
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That advice makes sense for people who haven't saved and planned for retirement (early or otherwise). What choice do they have?
Given the typical financial acumen (and achievements) of the target audience for these commercials shows, I think they're getting great advice.

I'd prefer that they continue working to bolster the Social Security system rather than become another client of the social-services system.

Besides, if anyone could ER then we ERs would never be able to enjoy running errands on a weekday morning...
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Old 04-13-2011, 04:21 PM   #22
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Not knowing your age (I'm 63) I did live in those times in basically a "mill town", brought up by parents that did not believe in higher education. Heck, my mother didn't even make it through HS. Their parents (all four) emmigrated to this country, and did not complete anything more than a primary education. That's why (as a family), "higher education" was at a much lower level than I would think most on this board experienced in their lives.

The "good jobs" were in the smokestack industries where you could raise a family with just a basic education and HS was the norm. College was the rare exception for parents, at least in our neighborhood, at our "social level".

If you were lucky, the jobs were there, but you often broke your back doing it (you wor*ed with your hands - not your mind) and always worried about the wolf at the door - e.g. company layoffs, union strikes, getting hurt on the job (FIL worked in the blast furnace area) and in most cases where you were not fortunate to have a "mill job", working in employment that just let you scrape by. Just because I was a child of the 50's and a teen of the 60's did not mean an automatic "good life", especially if you want to talk about the surrounding "climate" of social unrest along with grave impact upon your personal life - e.g. my father/FIL were WWII draftees; I was the same for Nam.

I'm sure I'm extrapolating the entire life I remember, based upon your question but you have to remember that your going back in time also includes the entire "environment" of that time.

Being a chld of that era, I certainly would not want to re-live my time there (other than my marriage to DW, in '69 when I returned from Nam).

Just my opinion, based upon my personal "history" of those times.

Sure - it's tough to look at today's "over qualified" young folks who hold j*bs that do not suit their education (and even question if they/their parents should have spent the money), but at least they have the basic tools to hopefully get by in an everchanging global society. Something that was not apparent back when I grew up.

Heck, I still remember "made in Japan" products as trash. As a child, I would take apart toy cars that my parents bought me as gifts. Guess what I found? That the metal on the inside of the toy had Japanese characters and pictures of soup (yes, they "recycled" old soup cans into toys). How times have changed.

We're not in Kansas anymore, Dorthy ...

BTW, sorry to take it OT, but I did want to comment on the statement given...
Nicely done.
This could go on for ever but I would like to add just one or two things.
Investments...what's an investment.
Work 30+ years hoping for a meager company pension...then guess what, the company goes bankrupt. You get nothing (bond holders get theirs 1st). It happened more than once.
Many that I know worked to 65, retired and died one or two years later. Some industrial related, others just worn out.
I had better stop now about the "good old days".
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Old 04-13-2011, 04:55 PM   #23
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I would love to live in my parents era where good high school was all you need to make a decent living instead of current time when kids with college degrees are flipping burgers.
I am not persuaded there was ever such an era. In my experience, education past high school has long been regarded as the key to the good life in the US. My father, from a farming family, went to college for one year before money ran out in the great depression. My mother, from a dirt poor background in southern Indiana, managed to finish business school. My parents made sure that my sister and I had first class college educations.
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Old 04-13-2011, 05:40 PM   #24
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I was quite amazed that, given a choice of ~1000 channels on my service, there seemed to be nothing to watch!

...

The program I was watching is from 2010. I think all the advice to work until you drop dead is not-so-good.

That message was for boomers and it is the situation that most boomers are in.... hopefully they realize it before they quit their job.


Those in good shape are that way because they did some level of planning or are the lucky few that have a full pension.
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Old 04-13-2011, 06:03 PM   #25
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I just remembered who the financial expert was on the show I was watching: it was someone named Jonathan Pond. I am not familiar with him, but similar advice has come from others like Suze Orman.
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Old 04-13-2011, 08:25 PM   #26
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I am not familiar with him, but similar advice has come from others like Suze Orman.
I think she's been preaching the "work until you're 67 and eligible for full SS" mantra.

Considering the caliber of the majority of her callers, that's sound advice.

I'm pretty certain that there's no shortage of callers who are paying far more than their share of the "Stupid Tax", but perhaps these hosts prefer to have the blissfully ignorant on the air. Their viewers can feel a sense of superiority relief that their situation may be bad, but not as dire as the clueless caller.

Then everyone can buy a (retail-priced) copy of the host's book!
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Old 04-13-2011, 09:01 PM   #27
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Then everyone can buy a (retail-priced) copy of the host's book!
Or if you are ER or working towards it get it at the library
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Old 04-13-2011, 09:08 PM   #28
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I think she's been preaching the "work until you're 67 and eligible for full SS" mantra.

Considering the caliber of the majority of her callers, that's sound advice.

I'm pretty certain that there's no shortage of callers who are paying far more than their share of the "Stupid Tax", but perhaps these hosts prefer to have the blissfully ignorant on the air. Their viewers can feel a sense of superiority relief that their situation may be bad, but not as dire as the clueless caller.

Then everyone can buy a (retail-priced) copy of the host's book!
I'll give Suze some credit, though I usually done care much for her. During the recent public TV pledge drive, I watched a program she'd produced recently. The theme was something like "find your truth", which sounds kind of new-agey, but her theme was basically - get off the debt treadmill, stop buying stuff you don't need and can't afford, be realistic, save first... IOW, pretty damned good advice.

Still reminds me of fingernails on the blackboard, though...
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Old 04-13-2011, 11:25 PM   #29
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Or if you are ER or working towards it get it at the library
See, that's why you'll never get a callback from Suze's or Jonathon's people...
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Old 04-14-2011, 01:05 PM   #30
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...Then everyone can buy a (retail-priced) copy of the host's book!
Gawd is everything just book marketing to you!
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Old 04-14-2011, 01:36 PM   #31
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At one time in this country you did not even need a high school degree to get a good job. Now, I don't know if the degree is worth less or if it is just more people have them. I remember hearing that if you don't get a HS degree you will be the one digging the ditch. Then if you don't get a college degree you will be flipping burgers. Now if you don't have an advanced degree you will not get a really good job.

Not everyone should have a college degree, in fact, if everyone did, the the guy in the ditch and flipping the hamburger would have one.
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Old 04-14-2011, 02:05 PM   #32
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Gawd is everything just book marketing to you!
Let's just say that my awareness has been heightened to the manipulative possibilities...
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Old 04-14-2011, 06:50 PM   #33
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Let's just say that my awareness has been heightened to the manipulative possibilities...
Is that book available yet?
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Old 04-14-2011, 11:27 PM   #34
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Is that book available yet?
"Coming this August to a military exchange near you!" It's at the printer's as we speak.

It's also available for pre-order now on Impact Publications' website. But if Suze wants a review copy for her show, then I'm there for her...
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