Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Our Group Is Doing Well
Old 03-05-2006, 06:13 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Jul 2003
Location: Pasadena CA
Posts: 2,695
Our Group Is Doing Well

I do not think this was posted here before http://tinyurl.com/fbvzt a Washington Post article on how much debt and few assets the average American has. The good side is that a lot of folks will get to keep working so my favorite kayaking spots will not get too full.

Wife retiring in a few months and youngest son 1 1/2 years from college. Things are starting to get really interesting around our house. The biggest surprise is how the dynamics have changed since the arrival of our grand daughter. Older boy & family are 300 miles away and it looks like wife wants to go and visit all the time. We didn't have a separate financial planning category for costs related to frequent visits to grandchildren.
__________________

__________________
T.S. Eliot:
Old men ought to be explorers
yakers 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: Our Group Is Doing Well
Old 03-05-2006, 06:18 PM   #2
 
Posts: n/a
Re: Our Group Is Doing Well

Quote:
The good side is that a lot of folks will get to keep working so my favorite kayaking spots will not get too full.
That, and our S.S. will continue to get funded, and will have less folks on the withdrawal side. -
__________________
  Reply With Quote
Re: Our Group Is Doing Well
Old 03-05-2006, 06:39 PM   #3
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: 42,093
Re: Our Group Is Doing Well

Quote:
Originally Posted by yakers
I do not think this was posted here before http://tinyurl.com/fbvzt a Washington Post article on how much debt and few assets the average American has. The good side is that a lot of folks will get to keep working so my favorite kayaking spots will not get too full.
Quote:
Originally Posted by Cut-Throat
That, and our S.S. will continue to get funded, and will have less folks on the withdrawal side. -
You've gotta love this board. We manage to find a silver lining in the most depressing situations.

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Our Group Is Doing Well
Old 03-06-2006, 08:18 AM   #4
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: Our Group Is Doing Well

Quote:
Originally Posted by REWahoo!
You've gotta love this board. We manage to find a silver lining in the most depressing situations.
Let's take this one step further.
The aging population continues working and between stress, depression (from not retiring), and eating unhealthy fast junk food, they die shortly after beginning to collect SS.

Am I bad?

I think I better do some serious chanting to erase the above thoughts.
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: Our Group Is Doing Well
Old 03-06-2006, 08:36 AM   #5
Thinks s/he gets paid by the post
Eagle43's Avatar
 
Join Date: Jan 2005
Location: DFW
Posts: 1,882
Re: Our Group Is Doing Well

Now if we could just get euthanasia in where I get to make the exit decision... hey wait-a-minit...* The youngsters will be deciding on me.* *
__________________
Resist much. Obey Little. . . . Ed Abbey

Disclaimer: My Posts are for my amusement only.
Eagle43 is offline   Reply With Quote
Re: Our Group Is Doing Well
Old 03-06-2006, 08:43 AM   #6
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Re: Our Group Is Doing Well

Quote:
Originally Posted by Eagle43
Now if we could just get euthanasia in where I get to make the exit decision... hey wait-a-minit...* The youngsters will be deciding on me.*
That's why medical experts advise being nice to your kids!
__________________
*
*

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: Our Group Is Doing Well
Old 03-07-2006, 10:44 AM   #7
Full time employment: Posting here.
bosco's Avatar
 
Join Date: Jul 2005
Posts: 987
Re: Our Group Is Doing Well

so much for the worry published by some (e.g. Mauldin) that so many boomers will be retiring with so much retirement money that prices will be driven way up. There won't be anyone to work, so wages will go up, further exacerbating the problem. If the median family is as depicted, it's hard to worry too much about that scenario. Who's right?
__________________
I have an inferiority complex, but it's not a very good one.
bosco is offline   Reply With Quote
Re: Our Group Is Doing Well
Old 03-07-2006, 11:51 AM   #8
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 2,056
Re: Our Group Is Doing Well

Here's yet another data point... http://www.cbo.gov/showdoc.cfm?index=5195&sequence=0

My gist of this one is that they estimate that...

~50% of the Boomer households are expected to maintain their working-age standard of living in retirement
~25% appear set to experience moderate declines in their living standard during retirement, which could be offset by modestly increasing saving and by working for a few more years
~25% are screwed. Without vaseline.
__________________
Andre1969 is offline   Reply With Quote
Re: Our Group Is Doing Well
Old 03-07-2006, 12:01 PM   #9
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
 
Join Date: Oct 2004
Posts: 1,719
Re: Our Group Is Doing Well

Quote:
Originally Posted by Eagle43
Now if we could just get euthanasia in where I get to make the exit decision... hey wait-a-minit...* The youngsters will be deciding on me.* *
Two words: Soylent Green
__________________

__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
Jay_Gatsby 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
What group can you join to get health insurance GTM Health and Early Retirement 13 03-14-2007 12:34 AM
What does this group think? spncity FIRE and Money 4 02-24-2007 12:24 PM
Group health coverage for ER's? Cb FIRE and Money 40 05-31-2006 09:09 AM
engineering group health plans free4now FIRE and Money 11 12-30-2005 08:27 PM
Form a Yahoo! Group to share Excel/other files? MooreBonds Other topics 1 12-19-2004 09:36 AM

 

 
All times are GMT -6. The time now is 06:57 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.