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Frankly, I'm thinking 68 is a bit optomistic looking forward at the rate of our national debt and the increased taxation of investments come 2013.
For once we seem to agree. There is no question that the amount of money we have determines what sort of lives we lead. This is true of any age but most important in our twilight years as we must either have money or prepare for the worst when debilitating illness strikes. Our major lifestyle concern is staying out of a nursing home. Is there anyone who wouldn't prefer to have private duty nursing? But it's not cheap. The range is probably eight to fifteen thousand per month or more for an R.N. 24/7. But it's worth every penny...if you have it.
Stay in the workplace as long as you can. Your coworkers may resent you for holding a supervisory position they consider rightfully theirs. They may complain of our flatulence. When they mention the latter tell them you're from the northern climes where your ancestors revered the supreme gods of the winds. Tell them to think of a cowry shell, not as a fertility symbol, but as an anus whence blow the winds of the gods. That's true, lads and lassies. As an aside I must mention that I've been doing some reading on geriatric flatulence and hope to begin a thread in the near future.
We've had more years to learn and until senile dementia raises its ugly head we are the most competent. It is a fact that the highest income years are the sixties and would likely be later if more people would keep working.
Need more convincing? Just look at the US economy. It's unlikely there will be a US twenty years hence.
For once we seem to agree. There is no question that the amount of money we have determines what sort of lives we lead. This is true of any age but most important in our twilight years as we must either have money or prepare for the worst when debilitating illness strikes. Our major lifestyle concern is staying out of a nursing home. Is there anyone who wouldn't prefer to have private duty nursing? But it's not cheap. The range is probably eight to fifteen thousand per month or more for an R.N. 24/7. But it's worth every penny...if you have it.
Stay in the workplace as long as you can. Your coworkers may resent you for holding a supervisory position they consider rightfully theirs. They may complain of our flatulence. When they mention the latter tell them you're from the northern climes where your ancestors revered the supreme gods of the winds. Tell them to think of a cowry shell, not as a fertility symbol, but as an anus whence blow the winds of the gods. That's true, lads and lassies. As an aside I must mention that I've been doing some reading on geriatric flatulence and hope to begin a thread in the near future.
We've had more years to learn and until senile dementia raises its ugly head we are the most competent. It is a fact that the highest income years are the sixties and would likely be later if more people would keep working.
Need more convincing? Just look at the US economy. It's unlikely there will be a US twenty years hence.
Some of what you say doesn't make sense, but I don't feel the same "doom and gloom" you express. I'm supposing you have a lot of stress in your life. I don't want to work until I drop, so I plan to retire from full-time work in another 3 or 4 years. I'll be 67/68 and will have invested as much as I can affird in my 401k, and I'll also have my SS, my long-term care insurance and a few other things in place.
The new 65 being 68 is more based on social security likely age. It has never been nor will it be a retiremnt age for all. In fact just my observation is that the age that mnay retire as never been lower. I am 64 and perhpas never i my lifetime have I seen so mnay middle class people beig able to retire before even 62. Its not the over all but certainly much more common tha i have seen thru the years.I think it also true that mnay more actauly who depdnd on SS fid they have to work beyond 65 because they have little if any backup.Then I knwo some who work beyonf because they wnat to or want aliitle more such as travel tec.
I have never understood why people think there is some iron law that one retires at 65 (just because it was the age that Kaiser Wilhelm instituted some 100 years ago for civil servants). You can retire when you can afford to, whatever that means.
As far as working forever or something, do remember that a lot of people have jobs that get harder with age- how many 70-year-old laborers or waitresses do you see? Also, I think a lot of people with decent jobs have suffered layoffs or multiple layoffs and has affected whatever savings or plans they prudently made.
Then there are people I know who just stare into space and say, "I'll just have to work until I die" and blank out at any suggestion of planning.
As an aside I must mention that I've been doing some reading on geriatric flatulence and hope to begin a thread in the near future.
If you do start a thread on that subject, it'll be one of the few subjects which hasn't been beaten to death in this forum. Glad you enjoy reading on worthwhile subjects.
Need more convincing? Just look at the US economy. It's unlikely there will be a US twenty years hence.
Sorry, I don't see this. GDP estimates have been revised upward and the markets are growing again. It may not be the growth levels that we've seen in decades past but it is far better than it has been since 2008 and the forecast points to a higher probability of growth than we've seen in years.
The doom & gloom you portend is not really warranted at this point.
SoButcounty. I tend to agree. I think the USA may very well be gone in 20 years. Why? Debt, inflation, economic colapse, new govt. Far too many people not working, sponging off the ones that still are working. Face it, governments come and go. We are one of the longest established govts. in the world. Nothing lasts forever. Look at the USSR. Who ever thought it would colapse, but it did.
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