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Unpatriotic to retire early?!
07-04-2008, 08:26 AM
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#1
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Recycles dryer sheets
Join Date: Jun 2008
Posts: 134
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Unpatriotic to retire early?!
Gosh, now it's unpatriotic to retire early. Man, that hurts, especially on the fourth of July! Here I thought that patriotism was just a matter of spending my stimulous check on stuff I did'nt want or need. Check it out:
Is Retiring Early Unpatriotic? - AOL Money & Finance
Stay Cheap!
-Jeff Yeager
The Ultimate Cheapskate
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07-04-2008, 08:29 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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These people are short-sighted and selfish. They expect other people to continue to prop up what they want in government by shaming them into continue working and having nearly half of what they earn taken in taxes.
As I've said repeatedly on this topic, I think it's more beneficent for someone who can afford not to work to step aside and create a job opening for someone who needs it.
__________________
"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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07-04-2008, 08:46 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by ziggy29
As I've said repeatedly on this topic, I think it's more beneficent for someone who can afford not to work to step aside and create a job opening for someone who needs it.
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So true. I have pity for those misguided souls who can't let go of the rat race for fear they will no longer be "productive". I'm not mentioning any names, but we have a prime example righ t here in our midst...
__________________
Numbers is hard
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07-04-2008, 08:47 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Yarrow notes that when people work longer, they not only continue to pay taxes and produce additional goods and services to spur the economy, but also slow the growth of the national debt.
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How about reducing government spending and getting the unemployed to work?
__________________
May we live in peace and harmony and be free from all human sufferings.
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07-04-2008, 09:01 AM
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#5
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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I am confused... After watching TV recently, I had come to believe that being patriotic meant wearing an American flag pin on your lapel! So if you buy a $0.25 pin and still retire early, would it be OK?
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07-04-2008, 09:07 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by FIREdreamer
I am confused... After watching TV recently, I had come to believe that being patriotic meant wearing an American flag pin on your lapel!
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Made in China, no doubt.
__________________
"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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07-04-2008, 09:10 AM
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#7
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Quote:
Originally Posted by ziggy29
Made in China, no doubt.
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For $0.25 per pin it would have to be...
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07-04-2008, 09:15 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,303
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The author is probably right, but I think I'm leaving early anyway...
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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07-04-2008, 09:30 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Don't forget putting a patriotic bumper sticker (regardless of where it is made) on one's vehicle
__________________
May we live in peace and harmony and be free from all human sufferings.
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07-04-2008, 10:43 AM
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#12
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 75
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Maybe it's time for us to make a bumper sticker that reads....
Be Selfish and Unpatriotic...Retire Early.
I've been working since I was 12, I will retire early no matter what the hell anyone thinks.
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07-04-2008, 10:58 AM
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#13
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Full time employment: Posting here.
Join Date: May 2006
Posts: 859
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It's wrong if you leave on your own, but it's OK if the company decides they don't need lets you go. :confused:
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07-04-2008, 11:45 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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Quote:
Originally Posted by REWahoo
So true. I have pity for those misguided souls who can't let go of the rat race for fear they will no longer be "productive". I'm not mentioning any names, but we have a prime example right here in our midst...
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Hey he contributed a 0.1 FTE for the cause .
DD
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07-04-2008, 12:10 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,612
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Quote:
Originally Posted by DblDoc
Hey he contributed a 0.1 FTE for the cause .
DD
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You know what they say, a journey starts with a single step. He'll get there, eventually
-- Rita
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Only got A dimple, would have preferred 2!
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07-04-2008, 12:11 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,645
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Good thing I generally don't give a rats azz what others think!
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07-04-2008, 12:14 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Quote:
Yarrow urges the nation's 78 million baby boomers to forgo traditional or early retirement and work for a few more years, for their own sake and the good of the country.
If boomers all turn in their keys at age 55, 62 or 65 and head for the Tuscan hills, that great sucking sound you'll hear is untold amounts of taxpayer dollars being leached from the economy. That is money heirs will either have to replace or do without.
It's an act Yarrow calls "profoundly selfish and unpatriotic."
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Wow - that's a good one. The poor heirs!!!! The heirs will have to earn their own money instead of spending their parents!
What a bizarre twisted reason for disapproving of early retirement.
Notice he doesn't even favor "traditional" retirement - gosh, taking off and heading for the hills at 65!!.....
Audrey
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07-04-2008, 12:52 PM
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#18
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Moderator Emeritus
Join Date: Jul 2005
Posts: 2,811
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Sorry, but I disagree with the article (page 2 did not work by the way).
Retirees still pay taxes on their retirement income.
Retirees still buy goods and services.
Retirees may actuall spend more on some goods and services than before they were retired. For example: travel and medical care.
Many retirees continue to invest in college savings plans for grandkids.
With downsizing and moving products overseas the GDP of manufactured goods is decreasing in the US and has nothing to do with retirees. It is about labor costs and the US cannot compete with developing countries in this area. The few remaining employees are doing much more work than even a few years ago.
What jobs are going to be around for older folks? Early retirement packages abound as American business continues to downsize to lower costs. The trend seems to be to get rid of the higher paid older worker and replace them with younger cheaper ones or to "job share" and dump the workload on fewer and fewer workers. There will be no place for the older worker.
Heirs won't get money from their parents. How sad! I plan to die waving my last dollar to the undertaker. If there is anything left then my kids or their kids can buy a six pack or two. They know this and don't really expect anything. Just like I don't expect anything from my mother when she dies. It is not important to us because we don't need it. If there is anything I plan on donating some and putting the rest in a trust for future generations. I can think of nothing more disgusting than my relatives clawing and scratching (each other) for a few bucks from my estate.
If one is FI then retirement is possible without having to work another day. It is not selfish nor is it unpatriotic. It is misguided to assume otherwise.
__________________
Work? I don't have time to work....I'm retired.
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07-04-2008, 02:12 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,434
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Quote:
Originally Posted by Ultimate Cheapskate
Gosh, now it's unpatriotic to retire early. Man, that hurts, especially on the fourth of July! Here I thought that patriotism was just a matter of spending my stimulous check on stuff I did'nt want or need. Check it out:
Is Retiring Early Unpatriotic? - AOL Money & Finance
Stay Cheap!
-Jeff Yeager
The Ultimate Cheapskate
"The debt currently stands at $9.3 trillion and is largely driven by rising Medicare and Social Security costs."
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I think that quote from the article shows just how ignorant the author is so I wouldn't worry about the rest of it.
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07-04-2008, 02:16 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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My wife ER'ed at 49 (3 yrs ago) with only 401k, no pension. I am working part-time, mainly because I am not sure I am FI (two children still attending college). When my friends ask me how we do it, I reply "Because I work less, I simply have to eat less (meaning consuming/spending less)". Isn't that fair?
I think other nonER'ers are just envious, and just trying to make us feel guilty.
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