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LYBM, Retire w/ no Debt...Retirement still bites the dust
11-24-2008, 10:17 PM
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#1
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Recycles dryer sheets
Join Date: Apr 2006
Posts: 147
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LYBM, Retire w/ no Debt...Retirement still bites the dust
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11-24-2008, 10:38 PM
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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 2003
Posts: 5,105
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Those articles don't do it for me.
"Gary Laursen retired debt free when he was 60"
Does the article say how old he is now?
Poor article overall.
Instead of faulting the stock market - should the fault be with the lack of X years of expenses in cash equivalents?
Is the lesson better cash flow planning?
The $10,440 increase in health ins is steep - not knowing his situation, it is difficult to know if it was a deal killer.
I can't wait to see my health ins cost increase after breaking my collar bone. Then again I am using the allowable 6 dr. visits in the plan.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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11-24-2008, 11:12 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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Time to go back to work Mr Gary Laursen. Maybe someone can pick up a brand new pontoon boat on the cheap.  Wasnt it just over a year ago how people were worried about all the baby boomers retiring at once 
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11-24-2008, 11:55 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,186
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 Quote:
Originally Posted by dex
Poor article overall.
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I agree Dex. I read it top to bottom and came away with little knowledge as to what went wrong other than he lost his retiree health coverage.
It would be better if articles like this weren't published at all. It's just a stab at a little sensationalism with little detail on the real problems that sent Gary Laursen back to work.......
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"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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11-25-2008, 09:04 AM
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#5
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Full time employment: Posting here.
Join Date: Jul 2007
Posts: 500
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Useless article with no relevant info. Just sensationalism. Why don't they write one about people who are still successfully retired and how they do it. They are plenty of people here to consider.
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Worked the plan and now living the Dream!
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11-25-2008, 09:08 AM
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#6
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Recycles dryer sheets
Join Date: Apr 2006
Posts: 147
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He is 62 now.There is a link to a video. It is a human interest story run by the local tv news. The article was just a synopsis.
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11-25-2008, 10:19 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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I think it is a good article. It is not supposed to be a textbook; and it is hardly sensationalistic. It's a human interest story of the type that most papers other than the NYT, WSJ and WP run all the time.
People don't have the attention span or interest to read much more. People on this board would really mess up a focus group, because we are not typical.
And when I think about it, a number of people on this board have returned to working, at least part time.
Ha
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"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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11-25-2008, 10:33 AM
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#8
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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 haha
And when I think about it, a number of people on this board have returned to working, at least part time.
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Which is something that makes it even worse for laid-off job seekers: retirees are also competing for jobs again, and those near retirement who might have otherwise retired in the last year may have looked at their last IRA statement and realized they can't retire and free up the job for someone else...
__________________
"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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11-25-2008, 11:53 AM
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#9
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 148
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Quote:
Originally Posted by ziggy29
Which is something that makes it even worse for laid-off job seekers: retirees are also competing for jobs again, and those near retirement who might have otherwise retired in the last year may have looked at their last IRA statement and realized they can't retire and free up the job for someone else...
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Don't worry Zig.....I am gonna do my part to help out. It is the least I can do!   (Retire 25 Dec08)
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11-25-2008, 12:07 PM
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#10
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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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Tell someone who has a good clerical/administrative job in my hometown to retire. We'd really like for my wife to find a job to have a backup paycheck and benefits if mine bites the dust...
__________________
"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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