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LYBM, Retire w/ no Debt...Retirement still bites the dust
Old 11-24-2008, 11:17 PM   #1
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LYBM, Retire w/ no Debt...Retirement still bites the dust

KXLY.com: News, Weather and Sports for Spokane, WA and Coeur d'Alene, ID | Retirees face hard choices with troubled economy
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Old 11-24-2008, 11:38 PM   #2
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Those articles don't do it for me.
"Gary Laursen retired debt free when he was 60"
Does the article say how old he is now?
Poor article overall.

Instead of faulting the stock market - should the fault be with the lack of X years of expenses in cash equivalents?

Is the lesson better cash flow planning?

The $10,440 increase in health ins is steep - not knowing his situation, it is difficult to know if it was a deal killer.

I can't wait to see my health ins cost increase after breaking my collar bone. Then again I am using the allowable 6 dr. visits in the plan.


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Old 11-25-2008, 12:12 AM   #3
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Time to go back to work Mr Gary Laursen. Maybe someone can pick up a brand new pontoon boat on the cheap. Wasnt it just over a year ago how people were worried about all the baby boomers retiring at once
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Old 11-25-2008, 12:55 AM   #4
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Poor article overall.
I agree Dex. I read it top to bottom and came away with little knowledge as to what went wrong other than he lost his retiree health coverage.

It would be better if articles like this weren't published at all. It's just a stab at a little sensationalism with little detail on the real problems that sent Gary Laursen back to work.......
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Old 11-25-2008, 10:04 AM   #5
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Useless article with no relevant info. Just sensationalism. Why don't they write one about people who are still successfully retired and how they do it. They are plenty of people here to consider.
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Old 11-25-2008, 10:08 AM   #6
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He is 62 now.There is a link to a video. It is a human interest story run by the local tv news. The article was just a synopsis.
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Old 11-25-2008, 11:19 AM   #7
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I think it is a good article. It is not supposed to be a textbook; and it is hardly sensationalistic. It's a human interest story of the type that most papers other than the NYT, WSJ and WP run all the time.

People don't have the attention span or interest to read much more. People on this board would really mess up a focus group, because we are not typical.

And when I think about it, a number of people on this board have returned to working, at least part time.

Ha
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Old 11-25-2008, 11:33 AM   #8
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And when I think about it, a number of people on this board have returned to working, at least part time.
Which is something that makes it even worse for laid-off job seekers: retirees are also competing for jobs again, and those near retirement who might have otherwise retired in the last year may have looked at their last IRA statement and realized they can't retire and free up the job for someone else...
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Old 11-25-2008, 12:53 PM   #9
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Which is something that makes it even worse for laid-off job seekers: retirees are also competing for jobs again, and those near retirement who might have otherwise retired in the last year may have looked at their last IRA statement and realized they can't retire and free up the job for someone else...
Don't worry Zig.....I am gonna do my part to help out. It is the least I can do! (Retire 25 Dec08)
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Old 11-25-2008, 01:07 PM   #10
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Don't worry Zig.....I am gonna do my part to help out. It is the least I can do! (Retire 25 Dec08)
Tell someone who has a good clerical/administrative job in my hometown to retire. We'd really like for my wife to find a job to have a backup paycheck and benefits if mine bites the dust...
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

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