 |
|
07-09-2014, 06:27 AM
|
#41
|
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,714
|
Doesn't bother me any.  I'm happy to see the RVs and the auto carriers in full force on the highways. Same with all the freight train traffic here in the Chicago area. Besides, it's better for the grandkids - more job openings.
|
|
|
 |
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!
|
|
07-09-2014, 06:48 AM
|
#42
|
|
Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 4,337
|
 Quote:
Originally Posted by REWahoo
+1
In the spring our grandsons were playing in a baseball tournament in Houston. We wanted to take our RV over for the weekend but couldn't find a vacancy at any RV park in the area. I checked every park within a 20 mile radius of the tournament and they were all booked - not just for the weekend, but for the remainder of 2014...
|
Every time I see one of the heart jerk news stories about someone not being able to find a job I just want to reach out and slap them. If you don't have a job in Houston, it's because you don't want one.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
|
|
|
|
|
07-09-2014, 08:01 AM
|
#43
|
|
Thinks s/he gets paid by the post
Join Date: Oct 2004
Posts: 1,719
|
Quote:
Originally Posted by 2B
Every time I see one of the heart jerk news stories about someone not being able to find a job I just want to reach out and slap them. If you don't have a job in Houston, it's because you don't want one.
|
Not to derail the thread, but this is often the case in many areas of the country. If there isn't a job where you are, then MOVE where there are jobs.
As for the average age of retirement, I agree that it likely crept upwards due to the recession and hesitancy on the part of Baby Boomers to retire (once bitten, twice shy). The problem, as others have pointed out, is that this creates a career ceiling for Gen X. This cascades down to Gen Y, which wants the jobs currently held by Gen X.
So what are Gen X and Gen Y to do? Many seem to be migrating to companies that aren't top-heavy with Baby Boomers, or in some cases, starting their own companies. This effect may be amplified in coming years by the portability of ACA healthcare insurance. This "road not taken" approach not only satisfies the career track advancement desired by Gen X and Y, but catapults them into positions and compensation they might never have received had they "waited their turn" behind Baby Boomers.
__________________
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
|
|
|
|
|
07-09-2014, 08:48 AM
|
#44
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
|
Quote:
Originally Posted by Jay_Gatsby
So what are Gen X and Gen Y to do?
|
They will find it nearly impossible or extremely difficult to retire without defined benefit income. After the boomers retire, they will be in high demand and will be attracted to companies that offer rich defined benefit plans.
It is impossible in any other retirement design to make up for lost ground as quickly as can be done in a defined benefit plan.
Just my prediction...
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
|
|
|
|
|
07-09-2014, 09:10 AM
|
#45
|
|
Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,373
|
Late to the party here, but I intend to at least offer my lower age contribution to beat the age 62 retirement by 10 years or possibly more.
__________________
The problem isn't artificial intelligence, it's natural stupidity.
You can't spend yourself to prosperity.
Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
|
|
|
|
|
07-09-2014, 09:15 AM
|
#46
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
|
At one point, my main goal in life was to be retired longer than I worked.
This requires two things, a long life span and an early retirement age.
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
|
|
|
|
|
07-09-2014, 09:26 AM
|
#47
|
|
Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,126
|
Quote:
Originally Posted by Big_Hitter
ACA will absolutely put downward pressure on the average age of early retirements
|
+1
I would have retired 2 years either but took on a re-location to another State to work on projects until I qualified for retiree health insurance.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
|
|
|
|
|
07-09-2014, 09:31 AM
|
#48
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
|
Geezers spending money is voluntary wealth redistribution. If they hoard money, then we would have to confiscate some via taxes, then it would not be fun for everybody. I have been doing my share to stimulate the construction business with projects on both my homes. Heh heh heh...
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
|
|
|
|
|
07-09-2014, 10:18 AM
|
#49
|
|
Thinks s/he gets paid by the post
Join Date: Oct 2004
Posts: 1,719
|
Quote:
Originally Posted by Big_Hitter
They will find it nearly impossible or extremely difficult to retire without defined benefit income. After the boomers retire, they will be in high demand and will be attracted to companies that offer rich defined benefit plans.
It is impossible in any other retirement design to make up for lost ground as quickly as can be done in a defined benefit plan.
Just my prediction...
|
Somehow I doubt employers are going to offer defined benefit plans, having migrated away from them over the past 20+ years. That said, because Gen X is smaller than the Baby Boomers and Gen Y, there may very well be a shortage of employees with the requisite experience. This may lead to many employers offering healthier compensation packages for such workers.
__________________
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
|
|
|
|
|
07-09-2014, 10:35 AM
|
#50
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
|
If structured properly, DB plans can be a huge attraction/retention tool with little risk.
The 415b limit can be accrued over 10 years, the annual 415c limit is a pittance in comparison.
If I had my choice I would take tax-qualified deferred comp over straight income every time.
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
Linear Mode
