Nine Dumb Moves

mickeyd · 10-15-2007, 03:36 PM

http://finance.yahoo.com/focus-retir...nt-preparation

Quote:

Dumb moves

Quote:

If you want to live on the edge, put your finances on the precipice of a cliff -- and set up camp there, too!

9 ways to ruin your retirement

1. Buy more home than you can afford
2. Base your projections on today's costs
3. Raid your 401(k) or cash it out
4. Count on Social Security
5. Believe your benefits will never change
6. Allow your kids' needs to trump yours
7. Count on your partner's income
8. Plan to work forever
9. Don't worry about health issues

Care to list your item #10?

bots2019 · 10-15-2007, 04:13 PM

Buy only new cars and trade them in every three years or so.

RetireeRobert · 10-15-2007, 05:13 PM

Quote:

Originally Posted by mickeyd

http://finance.yahoo.com/focus-retir...nt-preparation

[b]

Care to list your item #10?

Never start a periodic saving/investing routine.

allen76 · 10-15-2007, 06:24 PM

Get divorced.

igsoy · 10-16-2007, 03:29 AM

And the Number One Top Ten Way to Ruin Your Retirement:

You know that delusional idea you had about retiring really young with too small a sum and then making lots of money selling books telling people how to do what you did, and just hoping that someday, somehow, you could take your boys to DisneyWorld? Go with it.

(ducks and runs)

HFWR · 10-16-2007, 07:49 AM

Quote:

Originally Posted by allen76

Get divorced.

This is how I saved my retirement!

YMMV...

kaudrey · 10-16-2007, 09:15 AM

You and me both, HFWR!

maddythebeagle · 10-16-2007, 09:35 AM

Quote:

Originally Posted by HFWR

This is how I saved my retirement!

YMMV...

ok...how about NEVER get married, then...

ChemEng · 10-16-2007, 09:53 AM

Quote:

Originally Posted by HFWR

This is how I saved my retirement!

Heather Mills too!

HFWR · 10-16-2007, 10:55 AM

Quote:

Originally Posted by ChemEng

Heather Mills too!

That's one way to get a leg up...

BUM · 10-16-2007, 04:05 PM

10. Buy a Yacht/RV/Lamborghini because, "Hey we've earned it".

kcowan · 10-17-2007, 08:44 AM

10 Assume you have a partner for life.

saluki9 · 10-17-2007, 11:03 AM

10. Loan a friend or family member a lot of money so they can start a business.

Grizz · 10-17-2007, 11:02 PM

#10...Die

10-16-2007, 04:05 PM	#11
BUM Thinks s/he gets paid by the post Join Date: Feb 2004 Posts: 1,548	10. Buy a Yacht/RV/Lamborghini because, "Hey we've earned it". __________________ In a panamax down by the river.

10-17-2007, 08:44 AM	#12
kcowan Thinks s/he gets paid by the post Join Date: Jul 2006 Location: Pacific latitude 20/49 Posts: 1,544	10 Assume you have a partner for life. __________________ For the fun of it...Keith

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10-15-2007, 04:13 PM	#2
bots2019 Recycles dryer sheets Join Date: May 2007 Posts: 119	Buy only new cars and trade them in every three years or so.

10-15-2007, 06:24 PM	#4
allen76 Dryer sheet wannabe Join Date: Feb 2005 Location: St. Louis Posts: 10	Get divorced.

10-16-2007, 03:29 AM	#5
igsoy Recycles dryer sheets Join Date: Jun 2005 Posts: 234	And the Number One Top Ten Way to Ruin Your Retirement: You know that delusional idea you had about retiring really young with too small a sum and then making lots of money selling books telling people how to do what you did, and just hoping that someday, somehow, you could take your boys to DisneyWorld? Go with it. (ducks and runs)

10-16-2007, 09:15 AM	#7
kaudrey Full time employment: Posting here. Join Date: Feb 2006 Location: Alexandria, Va Posts: 504	You and me both, HFWR!

10-17-2007, 11:03 AM	#13
saluki9 Thinks s/he gets paid by the post Join Date: Feb 2005 Posts: 1,753	10. Loan a friend or family member a lot of money so they can start a business.

10-17-2007, 11:02 PM	#14
Grizz Recycles dryer sheets Join Date: Jun 2007 Posts: 258	#10...Die

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