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Old 12-31-2010, 06:18 AM   #81
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The backlash against the haves has just started IMO. Flying under the radar is and has always been my first line of defense. I know that, even within our own families, some people would resent our financial accomplishments or at least feel entitled to some of our loot. So it's best to keep everyone in the dark. Outside of this board, I do not call myself retired. "I was laid off from my job in July and it is very hard to land another job right now. I might do some consulting down the road, if I can find nothing else, but we'll see how things shape up"...
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Old 12-31-2010, 06:56 AM   #82
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I retired on my 55th birthday which was the earliest age to retire with retiree medical insurance. About five years before my retirement I started living on the amount I estimated I would have in retirement and saved the rest. If I couldn't make it on that amount, then I wasn't ready to retire.

For us the key to living comfortably in retirement is being debt free. The mortgage on the house was paid off four years before I retired. We have a budget - one for monthly expenses and one for annual expenses. I like my spreadsheets.

The one thing we have that seems to be missing from most retirement portfolios is long term care insurance. None of our friends have it and they're oblivious to the financial destruction they might be facing somewhere in their future. They think their family or the government will take care of them when the time comes.
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Old 01-02-2011, 10:55 AM   #83
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And the boomer bashing continues in the New York Times' "Boomers Hit New Self-Absorption Milestone: Age 65." Is this what we have to look forward to from now on? "Journalism" at its worst.

"Ascribing personality traits to a bloc of 79 million people is a fool’s endeavor," he writes. Yet, the article attempts to do just that. The writer (a 1958-born boomer, as it turns out) also seems very enamored of witless turns of phrase, as in his description of the boomers' final stage:

Quote:
"Here is an attempt: retirement, old age, then a release to a place where the celestial Muzak plays a never-ending loop of the Doobie Brothers."
Sounds more like hell to me. Like does having to read more worthless, divisive articles like this one in coming years.
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Old 01-02-2011, 11:24 AM   #84
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I have to chuckle at articles like this. Which part of "saving over a lifetime of w*rk" do some people still not get?

I personally have had some comments made about my situation (recipient of a deceased federal employee's pension, former federal employee and lifelong saver myself) that I realy have to bite my tongue not to respond to. I chalk it up to envy, although I really need someone to explain just how "lucky" I am. Huh?

Bring on the pitchforks!
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Old 01-02-2011, 11:29 AM   #85
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That's so silly to call Baby Boomers the self absorbed generation. Each generation is self absorbed. Human beings in general are self absorbed (Maslow's Hierarchy, anyone?)!

People have called my generation (X) self absorbed. I look at Gen Y and I think "my god are they self absorbed". I'm sure Gen Y is going to look at Gen Z and think "my god are they self absorbed"...

... but no matter what generation, we need only look at main stream media to see the epitome of self absorption Few group fancies oneself as much as media does.
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Old 01-02-2011, 11:39 AM   #86
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For the first time in my life, people are jealous of me (I can handle it) ...
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Old 01-02-2011, 12:01 PM   #87
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I don't spend much time worrying about what others think, or about their finances.

In defense of the Boomers, "they" have a fairly long list of accomplishments. But I think they were spoon-fed a picture of the "American Dream" that was somewhat unrealistic, and for some reason many never figured that out...
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Old 01-02-2011, 01:55 PM   #88
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The backlash against the haves has just started IMO. Flying under the radar is and has always been my first line of defense. I know that, even within our own families, some people would resent our financial accomplishments or at least feel entitled to some of our loot. So it's best to keep everyone in the dark. Outside of this board, I do not call myself retired. "I was laid off from my job in July and it is very hard to land another job right now. I might do some consulting down the road, if I can find nothing else, but we'll see how things shape up"...
I fear no envy from my families or close friends. And among acquaintances or neighbors, no one ever wondered how we survive, but if they see me changing my own oil on the driveway, they would be satisfied and not ask.

But if in the future, they wonder how I can afford to fill that gas guzzler RV, I will have to think of an answer. Something like this,

"Oh, I use alternative energy".

"What energy?" they might ask.

"Solar. The panel on the RV roof".

"Really, that tiny 1 sq.ft. panel?"

"Well, supplemented by DW's leg power."

"What?"

"You see, inside is an exercise bike with a mechanical linkage to the RV drive train. Man, it's tough when I need her to pedal harder for me to merge into the highway traffic."
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Old 01-02-2011, 02:28 PM   #89
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Speaking of Boomers....

Just remember, the youngest "boomer" (born in 1964) is just 46, today.

I would think that a lot of pre-50 folks think that they are not responsible for the "boomer's mistakes", even being part of the era. However, I doubt that few of them were at Woodstock (maybe they were, in a way ) or realize that they are lumped in with us "losers".
Yeah - I'm considered a boomer as I was born in 64. I do relate to some of their tendencies, but not to others - I call myself a tweener - between boomer and Gen X. I don't think I'll get much SS if any, I didn't go to Woodstock, Vietnam was where my Dad flew, etc. All of those definers occurred when I was quite young, so therefore, their influence was minimal.

As for envy - well, that's their problem. The key it to live below your means. I've got bookmarked two web posts that show how to live and save money for retirement on minimum wage. It can be done if you live below your means - in that case you rent a room, use public transportation or walk, eat frugally, minimize discretionary purchases, etc. The budget even includes funds for health insurance and savings. You would use the library for internet and other entertainment. So, envy is a waste of energy as one could be working on themselves and improvement of their situation.
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Old 01-02-2011, 03:58 PM   #90
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I think you retired folks are being a bit paranoid.............most folks out there are too busy buying SUVs and taking overpriced vacations to worry about the guy down the street that seems to be home all the time........

I would just tell everyone you are unemployed, because, well, you are!!!
Good one. Too much time on our hands- otherwise why would be on this site?
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Old 01-02-2011, 05:34 PM   #91
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I've never really felt envy from others. A couple of people have said..'You're so lucky'. I say, 'yeah, I'm the lucky one alright'.

I never say more than that because they don't want to hear what it really takes to be FI.
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Old 01-02-2011, 05:51 PM   #92
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I've never really felt envy from others. A couple of people have said..'You're so lucky'. I say, 'yeah, I'm the lucky one alright'.

I never say more than that because they don't want to hear what it really takes to be FI.
I don't feel any envy either, not much anyway. Most seem to think I'm just a cheap old bastard and that's how I did it.
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Old 01-02-2011, 05:54 PM   #93
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Too much time on our hands- otherwise why would be on this site?
This is also an unspoken secret of the LBYM club. Hanging around here is an extremely cheap form of entertainment. One cannot beat the price.
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Old 01-02-2011, 06:07 PM   #94
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Yeah - I'm considered a boomer as I was born in 64. I do relate to some of their tendencies, but not to others - I call myself a tweener - between boomer and Gen X. I don't think I'll get much SS if any, I didn't go to Woodstock, Vietnam was where my Dad flew, etc. All of those definers occurred when I was quite young, so therefore, their influence was minimal.
Hey, someone's gotta claim ownership of the disco era...
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Old 01-02-2011, 06:30 PM   #95
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Hey, someone's gotta claim ownership of the disco era...
Funny thing is I hated Disco back in the day. I kinda look at it in a cool, retro, fond way now. Go figure.

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Old 01-02-2011, 07:03 PM   #96
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The backlash against the haves has just started IMO. Flying under the radar is and has always been my first line of defense. I know that, even within our own families, some people would resent our financial accomplishments or at least feel entitled to some of our loot. So it's best to keep everyone in the dark. Outside of this board, I do not call myself retired. "I was laid off from my job in July and it is very hard to land another job right now. I might do some consulting down the road, if I can find nothing else, but we'll see how things shape up"...
The optimist in me says that economic conditions in the US and Europe will improve and the risk of a backlash driven by politics, envy and desperation will subside long before it gets to the stage where either society starts to break down or taxes are raised to confiscatory levels.

The activist in me says we should hold ourselves up as examples of the benefits of LBYM, financial prudence and personal responsibility. Maybe we can either educate a few people about the economic realities of life or at least shame them into being more responsible.

The economist in me says that we should encourage the irresponsible to keep on spending until the credit cards melt from the friction. It's better for the rest of us that they stimulate the economy and generate the taxes.

The realist in me will continue to hide behind the sofa and scrutinise my expenses each month. I'm still working on my cover story, but am currently considering one of the following:

1. I've decided to take a year or two off to write the novel I've always wanted to but never had the time;

2. DW wants to go back to work but one of us needs to be home to help the children with their homework;

3. I've been reading Rich Dad Poor Dad and realise that jobs are for suckers.
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Old 01-02-2011, 07:19 PM   #97
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The optimist in me says that economic conditions in the US and Europe will improve and the risk of a backlash driven by politics, envy and desperation will subside long before it gets to the stage where either society starts to break down or taxes are raised to confiscatory levels.

The activist in me says we should hold ourselves up as examples of the benefits of LBYM, financial prudence and personal responsibility. Maybe we can either educate a few people about the economic realities of life or at least shame them into being more responsible.

The economist in me says that we should encourage the irresponsible to keep on spending until the credit cards melt from the friction. It's better for the rest of us that they stimulate the economy and generate the taxes.

The realist in me will continue to hide behind the sofa and scrutinise my expenses each month. I'm still working on my cover story, but am currently considering one of the following:

1. I've decided to take a year or two off to write the novel I've always wanted to but never had the time;

2. DW wants to go back to work but one of us needs to be home to help the children with their homework;

3. I've been reading Rich Dad Poor Dad and realise that jobs are for suckers.
The old hippie in me says we should buy a Harley and chill out. Oh, and foster some rescue cats and dogs in our spare time or other "do gooder" stuff
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Old 01-02-2011, 07:33 PM   #98
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The old hippie in me says we should buy a Harley and chill out. Oh, and foster some rescue cats and dogs in our spare time or other "do gooder" stuff
Although I don't see a Harley in my future, we do foster kittens for the local SPCA until they are old enough to be adopted. Unfortunately, our own cat (also adopted) does not take kindly to the intruders.
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Old 01-02-2011, 07:39 PM   #99
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Although I don't see a Harley in my future, we do foster kittens for the local SPCA until they are old enough to be adopted. Unfortunately, our own cat (also adopted) does not take kindly to the intruders.
Good for you! You're teaching your children life is more than money, success and **forgive the following remark**, living below your means.
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Old 01-02-2011, 07:40 PM   #100
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The realist in me will continue to hide behind the sofa and scrutinise my expenses each month. I'm still working on my cover story, but am currently considering one of the following:

1. I've decided to take a year or two off to write the novel I've always wanted to but never had the time;

2. DW wants to go back to work but one of us needs to be home to help the children with their homework;

3. I've been reading Rich Dad Poor Dad and realise that jobs are for suckers.
4. I have a drug problem.

5. I have a health problem.

6. I decided to devote my life to fighting the addition of fluoride to the water supply. Quick! Put on this tinfoil helmet before they get to you, too...

Actually, I got an email today from someone I worked with last year who I always had a strong difference of opinion with, but liked and respected him nonetheless. He quit his job at our salt mine because he has an unspecificed health issue and was travelling 50 (!) weeks a year for business. I do not believe he is retiring, so I imagne he will be hooking up with a less taxing job shortly. But it would be a perfect cover story...

We will have a certain advantage when we pull the trigger. First, we plan to ESR so we will have some sort of minor job or business to provide cover. Second, we will be relocating to a college town 1800 miles away. That will give us a certain amount of anonymity and we can choose our new social circle selectively.
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