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Old 01-10-2011, 06:58 PM   #21
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Point taken. It's a lifelong issue for me. I strongly prefer being paid for services.
Must...resist..slow...pitch...
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Old 01-10-2011, 07:04 PM   #22
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Also, like BestWifeEver, I am reluctant to click on links when I don't know what is there.
Where is your sense of adventure?

As for the original post, I found it interesting and would like to see a change from "opt in" to "mandatory" rather than from "opt in" to "opt out". The rather scary comments below the article were, well, scary.
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Old 01-10-2011, 07:10 PM   #23
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Where is your sense of adventure?
I know, I know!! After all, I have malwarebytes.... And after all, I don't WORK any more so I don't need to worry about inappropriate images (much?).
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Old 01-10-2011, 07:47 PM   #24
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Of course, and that is what is nice about freedom, we can click or not, as we desire. Perhaps I am adverturous with my promiscuous clicking, but I cannot remember a time when I thought- "should I click on this, even though OP has not given me his opinion or a summary? "

Ha

I have to agree with Ha . This OP just posted a link and took a lot of heat over it and as far as I know this is an Op who has never caused any problems so I just don't get it . Has cabin fever set in ?
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Old 01-10-2011, 07:54 PM   #25
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Must...resist..slow...pitch...
You know I hadn't even interpreted it that way till you said this... does that count as you not having resisted taking a swing?
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Old 01-10-2011, 09:11 PM   #26
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Must...resist..slow...pitch...
That makes two of us at the plate...
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Old 01-10-2011, 09:57 PM   #27
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Dudes, relax. No one would pay me for this.

Ha
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Old 01-10-2011, 11:23 PM   #28
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Man, all this agitation over a quick morning post I did before getting down to work. I thought the title was enough exposition, but admit to it being a lazy
post.

What I liked about it was the assumption of 5% return, 4 would have been better, but at least it wasn't 7 or 8, and the simple steps to assess your retirement stash and get it to generate income. Not sure I'd buy a 5 year annuity, and I might be a little less conservative, but I think the road map is pretty good. It's all old hat on this board, but it's nice to see it in a mass media article.
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Old 01-11-2011, 04:35 AM   #29
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Must have been a slow day with no other controversy to beef about.

An easy (little effort) approach to show the general direction of the article is to take an interesting quote that sets the tone for the article and stick it in the post using the quote tool.

One thing I have noticed.... the media rehashes the same old generic background and advice over and over again. To me this article was a rough duplicate of a many other articles that have been written lately. I suppose it is probably news (or informative) to someone.
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Old 01-11-2011, 07:01 AM   #30
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Dudes, relax. No one would pay me for this.

Ha
Given the apparently strong market for granny porn, fast food, and other more dubious consumer "goods," I bet you would have a string of paying customers with minimal advertising.
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Old 01-11-2011, 07:30 AM   #31
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Ha, I started this but I am probably closer to your side of the argument than "my" side. I hate bare naked links (even though I often check them out as I did here) I don't think people should give a full report on the topic (I never do that) just a sentence or two that gives you something to decide whether it is likely an article you want to read. Maybe something as simple as: "...the article describes an interesting safe withdrawal approach."

Edit: now I notice Nun was actually caught by the 5% assumption. See - a whole nother discussion. I too wondered about the 5% but originally held back my snide "what was great about it" since I didn't want to be a dick. Instead I guessed Nun was interested in his bucket approach. Now I see Nun was using sarcasm in the title -- good one Nun.
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Old 01-11-2011, 07:44 AM   #32
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Originally Posted by chinaco View Post

An easy (little effort) approach to show the general direction of the article is to take an interesting quote that sets the tone for the article and stick it in the post using the quote tool.

One thing I have noticed.... the media rehashes the same old generic background and advice over and over again. To me this article was a rough duplicate of a many other articles that have been written lately. I suppose it is probably news (or informative) to someone.
Quote tool used

the first 3/4 of the article is very familiar, but I haven't seen the step by step guide to income assessment and generation before. Maybe I should read more Kiplinger or Money articles......I actually avoid those publications I think they are part of the financial industry that takes advantage of many. So the simple approach to income generation from a 401k and the not terribly inflated returns assumed was refreshing.
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Old 01-11-2011, 07:58 AM   #33
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I've learned to not click on a link if there's not some info there about what it's about. But that's just me.
+1 (So many links, so little time)
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Old 01-11-2011, 08:02 AM   #34
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Disregarding the comment/discussion on "naked links", I did find the article important to explain why a lot of early boomers enter their retirement years with a less than optimal plan...
And don't forget to read the fineprint,
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Old 01-11-2011, 08:05 AM   #35
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Disregarding the comment/discussion on "naked links", I did find the article important to explain why a lot of early boomers enter their retirement years with a less than optimal plan.
...............
You'll be glad to hear that ER-Org is no longer charging extra for full size font.
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Old 01-11-2011, 08:07 AM   #36
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You'll be glad to hear that ER-Org is not longer charging extra for full size font.
Don't understand
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Old 01-11-2011, 08:24 AM   #37
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Don't understand
Your post is appearing in about size 5 font. I needed glasses on top of my contacts to read it
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Old 01-11-2011, 08:27 AM   #38
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Your post is appearing in about size 5 font. I needed glasses on top of my contacts to read it
Strange. It shows the same size fonts as other postings on my monitor. I always copy/paste to/from MS/Word to spell-check. Maybe something happened internally there, yet is showing up on my monitor as normal.

I'll delete and re-post. Please let me know if there is still a problem...
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Old 01-11-2011, 08:32 AM   #39
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Disregarding the comment/discussion on "naked links", I did find the article important to explain why a lot of early boomers enter their retirement years with a less than optimal plan.

I'm 63. DW/me faced these exact conditions in our early 30's. I left a company after eight years and lost my pension since the federal rules said you had to be at a company ten years to be vested.

I didn't worry about that, since the company I was going to had a superior defined benefit (e.g. pension) plan and would more than make up for what I left behind.

DW was at another company that also had a DB plan. With both of us "promised" DB income (along with SS), we were following the same "retirement income path" of our parents/grandparents.

Only thing is that three years after I started with the new company, the DB plan was replaced by the "better" 401(k) plan. At the same time, the IRA came into being (for those that had a pension plan; before that time, you could only have an IRA if you were not covered by a pension).

So here we are, at age 34 with our DB plans eliminated, along with new, confusing options to pursue. Additionally, we now had to take a "pay cut" to participate in both the 401(k) and IRA (disregarding lower current taxes on deferred income).

It's quite a hurdle to jump, IMHO. Our parents/grandparents had better options; our children also do, since they know early on that retirement income is in their hands - along with having much more information available, early on.

The article does describe the reason so many early boomers are having problems. Life changed radically for them as related to retirement. The few that understood and accepted the "new reality" were able to learn (on their own) what they needed to do to make up time, with the new financial "tools" afforded them. They also understood that they could not live in the same manner as before (e.g. no reason to save for retirement) and accept a lower lifestyle (e.g. LBYM). That's hard to accept when you've been living the life that your parents had.

No wonder the majorities (IMHO) of those boomers currently are of traditional retirement age will continue to work. They have no option.

That, along with many of them taking care of their grandchildren (due to the challenges of their children with today's "social problems") just puts more of a financial strain on them...

(PS: The font is now too large but I'm not going to play around with this post any longer. Hopefully, you will not need your reading glasses )...
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Old 01-11-2011, 08:43 AM   #40
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Success Rescueme. Now it is too big

Edit: just a little big. Now we know you are using MS Word to carefully craft your posts to avoid typos and stupid sounding phrasing like the rest of us.
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