U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-17-2015, 11:37 PM
 
33,046 posts, read 22,048,755 times
Reputation: 8970

Advertisements

Quote:
Originally Posted by Fran66 View Post
The problem occurs when we're 20 and we don't realize that we're going to be 65 someday and will need money to retire on.

I was just plain damned fortunate. Through the grace of whatever god there might be, I landed a good-paying career, with a defined-benefit pension plan, in my early 30s. And then in my 50s, I really woke up to the reality of retirement.

My oldest son was somehow wise at 18; he and his wife started saving for retirement then. By the time he learned to play the stock market in his early 30s, he had enough money to do so. At the age of 44, he's a multi-millionaire.

'Income Management' (i.e., 'budget') should be a required course, in HS, each year for four years, with an emphasis on how to live in the present, while prudently providing for retirement.

As I said before, there are very good reasons why some people need assistance in retirement, and I'd be willing to pay more taxes to ensure that they live better than they do now (not all poor people are living well while they live 'on the dole'). But I'm not willing to help support those who played away their life, just for the H of it or because they were stupid.

How would a person living at poverty level live in the present, while prudently providing for retirement?
Reply With Quote Quick reply to this message

 
Old 04-17-2015, 11:41 PM
 
33,046 posts, read 22,048,755 times
Reputation: 8970
Quote:
Originally Posted by Themanwithnoname View Post
There are many places where there are no building codes.... Spend some of that time you waste researching and improving yourself.... For once in your life!

Are you serious? You'd have to get out into Unashack territory to find a place without building codes. Good luck finding transportation or a job there.

All I need to make money is a reasonable amount of space (200 to 400 sq ft) and a sane living environment without out-of-control drunks.
Reply With Quote Quick reply to this message
 
Old 04-17-2015, 11:46 PM
 
33,046 posts, read 22,048,755 times
Reputation: 8970
Quote:
Originally Posted by momofvegasgirls View Post
Yellowsnow, I can tell you this, because I live in Henderson. My Mother moved here from Florida 18 months ago. She go into a brand new senior apartment NOT because any of the social services departments helped her (there is a big waitlist, section 8 is probably not taking any waitlist names for the next decade, either) but because I was nosy and saw the Tempo Apartment building being built (Off Boulder Hwy on Russell) and called the building company to ask what was being built. After a process that required a down payments, which I had to pay, we rented a brand new 1br/1bth sight unseen.

We applied her for SNAP, praying that would help her get over the hump of having ZERO retirement saving and only disability to live on (about $1,100/mo.) SNAP offered up a grand total of $15.00 per month. Nope, I didn't leave off any zeros or misplace a decimal point.....

In Florida, she got $200 per month. Welcome to Las Vegas.

In Oregon, $1,100 disability income qualifies you for zero SNAP.
Reply With Quote Quick reply to this message
 
Old 04-18-2015, 12:22 AM
 
Location: NC Piedmont
3,911 posts, read 2,877,558 times
Reputation: 6291
Interesting topic. I have enough right now at 56 to think 63.5 + COBRA bridge is very doable even living pretty well. My line of thinking has been that I may accept less if thinks don't go well rather than working longer and when I do the "how low can you go" scenarios, I really have to wonder why we feel compelled to set such high targets as minimums. I understand setting hopeful ones where I go out to eat and see live entertainment fairly often, visit my kids and other family and spoil their kids, vacation some, etc. I probably will get to do those things. But if an unforeseen event wipes out a lot of my money, I will try to prioritize and maybe not do all of them. I won't work longer unless the situation is dire.
Reply With Quote Quick reply to this message
 
Old 04-18-2015, 02:29 AM
 
1,973 posts, read 2,718,849 times
Reputation: 3476
Quote:
Originally Posted by freemkt View Post
How would a person living at poverty level live in the present, while prudently providing for retirement?
If we really educate our children -- and also teach them money management -- they won't be living in poverty while prudently planning for retirement.

Been to a public HS lately? I'm amazed anyone graduates to go to college. Those that do -- a lot of colleges and universities have "remedial courses" that Freshmen have to take before they can start taking the college courses.

Talked to any college gradates lately? In their 20s-30s. They can talk to you re their major/field but they don't know much else -- and they will tell you that Nepal is in Europe.

I'm not saying that childhood and teenage-hood should be grueling. But we don't teach our children much at all. In this day and age, school should be at least 8-9 hours a day, with 10-minute breaks every hour and a one-hour on-campus lunch break, Monday thru Friday, and a half day on Saturdays. College needs to be at least 5 years, rather than 4 -- more like 6 years -- and it needs to be free. I think HS should be just 2 years and the only things the kids should be taught are reading, reading comprehension, writing, and math -- most children are quite capable of starting college at 16. Those of our children who are not college material need to be taught a trade. In college, there should be basic courses in entrepreneurship. And we don't need all the emphasis on sports!

I was fortunate. I got a great job -- entry level -- with a major company -- almost straight out of HS. That's really not possible these days. BUT -- I didn't know how to do a monthly budget and an annual budget until I was in my early 30s -- and I learned how to do them from a women's homemaking magazine. I wonder sometimes how much better off I would have been all my life and now, in retirement, if HS and college had truly prepared me for my adulthood.
Reply With Quote Quick reply to this message
 
Old 04-18-2015, 04:27 AM
 
71,520 posts, read 71,694,121 times
Reputation: 49105
Quote:
Originally Posted by freemkt View Post
How would a person living at poverty level live in the present, while prudently providing for retirement?
that is their issue to figure out . retirement is where you reach a level where you can have your money work for you.

if they don't achieve that requirement then retirement is not an option until they can or qualify for aid.

retirement in this country is not a right it is something you are rewarded with. .
Reply With Quote Quick reply to this message
 
Old 04-18-2015, 04:46 AM
 
Location: NC Piedmont
3,911 posts, read 2,877,558 times
Reputation: 6291
Quote:
Originally Posted by mathjak107 View Post
that is their issue to figure out . retirement is where you reach a level where you can have your money work for you.

if they don't achieve that requirement then retirement is not an option until they can or qualify for aid.

retirement in this country is not a right it is something you are rewarded with. .
Voluntary requirement maybe, and even then only maybe, IMO. What are you suggesting the aging infirm, those not truly disabled but only barely able to work do?
Reply With Quote Quick reply to this message
 
Old 04-18-2015, 04:50 AM
 
71,520 posts, read 71,694,121 times
Reputation: 49105
it isn't my job nor am i smart enough to propose anything . just stating the facts.
Reply With Quote Quick reply to this message
 
Old 04-18-2015, 06:11 AM
 
Location: Baltimore, MD
3,745 posts, read 4,216,058 times
Reputation: 6866
Quote:
Originally Posted by Linda_d View Post
It's why I put him on "ignore". He has nothing new to say, just the same old, same old.
Unfortunately, we still get to see his post when he is quoted in someone's reply. I try to avert my eyes, but...
Reply With Quote Quick reply to this message
 
Old 04-18-2015, 06:11 AM
 
Location: Jamestown, NY
7,841 posts, read 7,327,156 times
Reputation: 13779
Quote:
Originally Posted by Tek_Freek View Post
I've been poor. Very poor

Anyone that tells you being poor isn't THAT bad has never been there.

Absolutely! There seem to be a lot of people on this forum who have never had it hard at all and have never actually seen poverty. They talk like living on $500 a month with subsidized rent and Medicaid is somehow living in the lap of luxury.

It's just more demonizing of the poor.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top