Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Denial (no, not the river)
Old 05-12-2006, 07:18 AM   #1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,068
Denial (no, not the river)

Yet another example of why you are "different" if you read this forum...

From a Marketwatch article on the failure of Boomers and seniors to respond to all the new products and services financial firms are rolling out aimed at helping folks save for retirement or generate income during retirement:

Matt Thornhill, founder of The Boomer Project and one of several speakers at NASAA's forum that focused on the regulatory and business issues raised as the first of the baby-boom generation turns 60 this year and heads toward retirement:

Baby boomers are also in "denial" about retirement and the need to save and plan, says Thornhill....

"As a generation, boomers feel they don't have to worry about retirement yet," he said. Thornhill's research suggests that boomers think middle age lasts from 48 to 73 and old age begins at age 74. For boomers who are 50, old age or retirement is a quarter century away.

What's more, boomers 50 and older say they plan to retire at age 68, far older than younger Americans say the plan to retire. And besides working, half of boomers age 50 and older say they have no idea what they will do in retirement. "Talking to boomers about retirement is a bit like talking to a 15 year-old about how they plan to raise their children," he said.



__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Denial (no, not the river)
Old 05-12-2006, 07:47 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,431
Re: Denial (no, not the river)

The article describes several of my friends. Most of them are saving for retirement but have no clue as to how much they will need. I only know one person that plans to retire early and he will be 58-59 when he pulls the trigger. But as others have said, the longer they work........the more they will help fund social security.
__________________

__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 08:07 AM   #3
Recycles dryer sheets
 
Join Date: Apr 2005
Posts: 166
Re: Denial (no, not the river)

This reminds me of some friends of ours.

When we realized how close we were to FI (light bulb moment) last year, I was SO excited and this one couple I wanted to talk to especially. *He's an acccountant, she has always stayed home, they live the LBYM lifestyle (same house for 30 years, drive used older model cars, etc.) and are very level headed. *Add to that that there is a good amount of family money that has and continues to filter down to them. *So, I asked them how they were planning to slip the noose and run free. *He replied to me that they were nowhere near that point. *Not sure if they lost a lot in the dot.coms or what, but my jaw almost hit the floor. *Also may just be afraid of the *"unknown". *Whatever it is, I just know these two should be in really good shape. *

I had hoped to share/compare notes with him to see what his plan was. *So disappointing! * * *One thing, tho - I think they are not quite ready for the 24/7 of retirement! * *Luckily he golfs, so she will be able to get him out of her hair for that. *My DH and I have worked together for years so are very used to being together. *8) Still, I think I will have to find him a few hobbies ................. *

Just goes to show you that the FI/ER lifestyle/mindset is unique! *Don't know why it's such an exclusive club, but there it is!

Just my thoughts for today! * * :

Jane * *(using Dex's extra smileys for him! * )
__________________
Of all the things I've lost, I miss my mind the most!
Jane_Doe is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 08:34 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Re: Denial (no, not the river)

Quote:
Originally Posted by REWahoo!
What's more, boomers 50 and older say they plan to retire at age 68
Talk about a gross generalization!*

At least the non-saving Boomers are saying they plan to work until 68.* If they were not saving and also saying they were going to ER, then that would be a much larger problem.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 08:48 AM   #5
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Re: Denial (no, not the river)

Well, with all those can't-retire-yets, at least we'll have a ready supply of 70 year old laborers after they close the borders.

__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 09:46 AM   #6
 
Posts: n/a
Re: Denial (no, not the river)

I end up at Home Depot a lot, picking up stuff for my projects that I have been working on.

Most all of the 'Home Depot Help' in the aisles is made of folks that are 60 years old or older. They are are older than myself. I not sure if these people are counted as retired, park of the work force, full-time, part-time or whatever - But they are all old!
And they are all contributing to S.S.

I think that the Home Depot Job is part of their retirement.
__________________
  Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 10:04 AM   #7
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: Denial (no, not the river)

I have to admit I've thought working part time at Home Depot would be fun. Or Fry's. I have this dream that once I was FI, I would take up a job at one of these places for 20 hours a week, until we planned on a lengthy vacation/road trip etc. and then I'd quit, then when we got back, find another place like that and work there until the next trip. I truly enjoy jobs for the first six months, I literally bounce out of bed in the morning. It's once I get bored that it starts to drag. I've accepted my fate until I'm FI on that front.

Boomers plan on retiring later than younger generations? I think that's just everybody saying "25 years from now" or "later". As you age, yet haven't saved, that date gets pushed out. Most of my friends over the last 10 years (early 20's to early 30's) have transitioned from get rich dreams to "work untill I die" attitude.
__________________
laurence is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 10:12 AM   #8
Recycles dryer sheets
Papi's Avatar
 
Join Date: Jan 2006
Posts: 90
Re: Denial (no, not the river)

I have two friends that are both working at HD.* Both are in their mid-50's.* They are not working at HD because they thought it would be their "dream" job; they are there because they could not find employment.* So after 6-8 months of no local job offers, it was either work at Starbucks or HD and get some health ins, or drag their families off to another city that would supply a satisfactory job.* With kids in late high school, that can be tough on the family.

One of these friends told me that the number of employees at HD with advanced degrees is astonishingly high.*
__________________
Here's to FIRE http://www.bloodydecks.com/forums/im...s/beerchug.gif
Papi is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 10:15 AM   #9
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: Denial (no, not the river)

I'm sorry your friends got a raw deal. But the thought of a bunch of educated co-workers only makes the job sound better! We could debate Socrates vs. Aristotle while loading sod into the back of a truck, Federalism vs. State's Rights while mixing paint...
__________________
laurence is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 10:28 AM   #10
Thinks s/he gets paid by the post
BigMoneyJim's Avatar
 
Join Date: Feb 2003
Location: DFW
Posts: 2,627
Re: Denial (no, not the river)

Hey, thanks for the employment idea! If I can't find a Real JobTM soon, HD could be a good "tread water" gig, especially if they have health insurance. Last time I wound up in that situation I worked at Office Depot for three or four months. I don't like retail, but HD sounds like it could be more interesting than OD.
__________________
BigMoneyJim is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 10:57 AM   #11
Recycles dryer sheets
Papi's Avatar
 
Join Date: Jan 2006
Posts: 90
Re: Denial (no, not the river)

Quote:
Originally Posted by BigMoneyJim
Hey, thanks for the employment idea! If I can't find a Real JobTM soon, HD could be a good "tread water" gig, especially if they have health insurance. Last time I wound up in that situation I worked at Office Depot for three or four months. I don't like retail, but HD sounds like it could be more interesting than OD.
I would opt for StarBucks.* You get health ins, a free pound of coffee each week, and the younger college female employees are nicer looking than the old farts at HD
__________________
Here's to FIRE http://www.bloodydecks.com/forums/im...s/beerchug.gif
Papi is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 11:32 AM   #12
Full time employment: Posting here.
 
Join Date: Feb 2006
Posts: 784
Re: Denial (no, not the river)

Quote:
Originally Posted by Jane_Doe
Still, I think I will have to find him a few hobbies .................
Just make sure it's not a hobby like coaching high school girls' swim team
__________________
Cool Dood is offline   Reply With Quote
".._. / .. / ._. / ."
Old 05-12-2006, 11:50 AM   #13
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
".._. / .. / ._. / ."

Great sig, youbet!* I confess I had to look up the first letter but I figured it out.

This could end up being spray-painted in the parking lots of MegaCorps all over the world.* Hypothetically speaking, of course...

Speaking of Home Depot, I feel sorry for the USMC O-5 who's assigned to work with Nardelli.* After 20 years of thinking that you're gonna be a great combat leader and a flag officer it must be a harsh bucket of cold water to realize what you could end up doing when you retire.

Hey, you guys on the Mainland, ask some of those hyper-educated older experienced HD employees to consider working in Hawaii, OK?* I'm getting tired of promising to teach our slacker 20-somethings the difference between a GFCI circuit breaker and a regular circuit breaker if they would only show me where they've hidden them.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 12:28 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Re: Denial (no, not the river)

Thanks Nords. I was wondering if anyone would ever notice......... Your military training really stuck if you only had to look up one letter!
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 12:32 PM   #15
Thinks s/he gets paid by the post
BigMoneyJim's Avatar
 
Join Date: Feb 2003
Location: DFW
Posts: 2,627
Re: Denial (no, not the river)

Quote:
Originally Posted by Papi
I would opt for StarBucks. You get health ins, a free pound of coffee each week, and the younger college female employees are nicer looking than the old farts at HD
Ooooh, there's an idea. I hope they have "roomy" aprons!
__________________
BigMoneyJim is offline   Reply With Quote
Re: ".._. / .. / ._. / ."
Old 05-12-2006, 12:54 PM   #16
Full time employment: Posting here.
 
Join Date: Feb 2006
Posts: 784
Re: ".._. / .. / ._. / ."

Quote:
Originally Posted by Nords
Great sig, youbet! I confess I had to look up the first letter but I figured it out.
I get it!




OK, I admit it, I cheated....
__________________
Cool Dood is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 01:19 PM   #17
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 1,375
Re: Denial (no, not the river)

I didn't notice youbet's sig till Nords pointed it out. I figured it out immediately because Daddy taught us for fun. I got the last letter immediately, the 2nd letter right after, and then of course the other letters were obvious (can't claim I remembered letters one and three).

Thanks for the trip down memory lane...this was one of the things Daddy taught us that I was better at than my brothers (others were fishing and bird recognition). I'll never forget that he kiddingly offered a quarter to anyone who could ID a bald eagle (never happened).

My daughter is getting married this weekend (I'm enjoying a rare and blessed sit down as I await the arrival of final bridesmaid and her dress that needs to get pressed), and I really miss Daddy right now. He would've loved to see his first grandchild married.
__________________
You can't always get what you want, but if you try sometimes, you might find you get what you need.
astromeria is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 01:30 PM   #18
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Re: Denial (no, not the river)

Quote:
Originally Posted by youbet
Thanks Nords.* I was wondering if anyone would ever notice.........* Your military training really stuck if you only had to look up one letter!
More "seared" than "stuck". Months of rockin' & rollin' under the North Atlantic, pretending that the satellites had all been shot down and that we could only copy Sky King's transmissions.

Navy radiomen used to have to be able to copy 16 wpm to be eligible for promotion to Chief Petty Officer. If you wanted to understand the non-verbal conversations around you in the radio shack, you'd better be able to copy CW.

I understand that even the ham operators have gone to packet radio from their computer keyboards. Another useless skill that my cerebral cortex will never relinquish...
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 04:47 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Re: Denial (no, not the river)

Quote:
Originally Posted by Nords

I understand that even the ham operators have gone to packet radio from their computer keyboards.*

That's true, but I still keep up my Morse skills as a hobby.* Copying Morse in your head vs. letting your computer decode packet for you is like going out and playing golf* as opposed to playing a golf game inside on your computer!

I have a modest collection of antique telegraph keys and enjoy using them to chat via shortwave radio (ham radio) with other Morse enthusiasts around the world. My station and antennas are a little dusty from little use right now, but with ER around the corner I'm looking forward to firing everything up again.

Years ago, I used to keep schedules with the the Navy radio operators at MacMurdo Sound, Antartica and deliver messages to their families in our area.* Today, of course, that's no longer needed since they can just pick up the satellite phone and give them a call!

Cool Dood - anyway you figured it out works.* There's no cheating in "cracking the code."

astromeria - hey, two out of four and a little intuition to figure out the rest is pretty darn good!

__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Re: Denial (no, not the river)
Old 05-12-2006, 11:11 PM   #20
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: Denial (no, not the river)

Never learned Morse code but it's one way to hide your anonymous id.

...- / .- / --. / .- / -... / --- / -. / -.. formerly -- / .--- 8)
__________________

__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Anybody Hear About the Student Drowing in the Mississippi River? FinanceDude Other topics 2 10-05-2006 04:35 PM

 

 
All times are GMT -6. The time now is 10:12 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.