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Old 09-18-2013, 07:55 PM
 
1,226 posts, read 1,258,991 times
Reputation: 4309

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In defense of Mathjak, I believe he is trying to be helpful. Certainly he has answered questions that I've asked and given me clarification of his meaning. And, he has shown me an error in my retirement planning so that I could take care of it while I still have a chance.

His answers may not be for everyone, as most people do not have the assets he has to apply as he applies them. Nonetheless, I, for one, am appreciative of what he has to say, and I do research on what he suggests... that doesn't mean it will work for me though.
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Old 09-18-2013, 08:17 PM
 
Location: Edina, MN, USA
6,954 posts, read 7,390,042 times
Reputation: 16283
Quote:
Originally Posted by LookingatFL View Post
In defense of Mathjak, I believe he is trying to be helpful. Certainly he has answered questions that I've asked and given me clarification of his meaning. And, he has shown me an error in my retirement planning so that I could take care of it while I still have a chance.

His answers may not be for everyone, as most people do not have the assets he has to apply as he applies them. Nonetheless, I, for one, am appreciative of what he has to say, and I do research on what he suggests... that doesn't mean it will work for me though.
Many of us feel the same way. He freely shares his vast knowledge - those that don't understand that need to move on to a different thread.
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Old 09-18-2013, 08:19 PM
 
Location: southern california
55,659 posts, read 74,595,623 times
Reputation: 48159
The lessons of 1929 have been forgotten
Debt is not seen as a threat
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Old 09-18-2013, 08:21 PM
 
Location: Edina, MN, USA
6,954 posts, read 7,390,042 times
Reputation: 16283
Quote:
Originally Posted by BLS2753 View Post
I have a military pension and SS that meet my lifestyle needs, plus a 5 figure checking account that isn't going to be allocated into anything.

You continue to give unsolicited advice, that doesn't apply to any specific individual situation. It's as if you answer questions, that haven't been asked.
There are many people that have been following/reading his "unsolicited" advice for a very long time and greatly appreciate it. Apparently you don't - move along.
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Old 09-18-2013, 08:57 PM
 
Location: Los Angeles area
14,018 posts, read 17,729,443 times
Reputation: 32304
Default Gee whiz!

Nothing is more common than threads going off-topic; some off-topic paths are relatively benign but I find this one mean-spirited and rude. Instead of discussing "why most Americans are in such bad shape financially" (the thread topic), here we are in a protracted discussion about what sort of posts are welcome. This has turned into some bashing that makes me wince. And if it makes me wince it must be pretty bad because I am hardly a shrinking violet and I have dished out my share of criticism when I see lack of logic and/or conclusions I disagree with.

I think we can do a better job of expressing our disagreement, and even our irritation, without being so downright vicious.
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Old 09-18-2013, 11:12 PM
 
Location: Murrieta, CA
1,268 posts, read 1,507,532 times
Reputation: 2224
Default I agree!

Quote:
Originally Posted by LookingatFL View Post
In defense of Mathjak, I believe he is trying to be helpful. Certainly he has answered questions that I've asked and given me clarification of his meaning. And, he has shown me an error in my retirement planning so that I could take care of it while I still have a chance.

His answers may not be for everyone, as most people do not have the assets he has to apply as he applies them. Nonetheless, I, for one, am appreciative of what he has to say, and I do research on what he suggests... that doesn't mean it will work for me though.
Yeah, I don't know this thread got so off track. I have a disabled husband, certainly am not rich, am trying to figure out how to retire, and invest money on my own. Mathjak has been very helpful to me when I have directly asked questions and I have benefitted from many of his threads and posts. I appreciate the time he puts into City Data and his patience for newbie or for some of us (talking about me) ignorant investors. So chill people and be kind to each other. I appreciate Mathjak and everyone that takes the time to help others on these threads.
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Old 09-19-2013, 02:32 AM
 
71,511 posts, read 71,674,131 times
Reputation: 49088
Quote:
Originally Posted by BLS2753 View Post
I have a military pension and SS that meet my lifestyle needs, plus a 5 figure checking account that isn't going to be allocated into anything.

You continue to give unsolicited advice, that doesn't apply to any specific individual situation. It's as if you answer questions, that haven't been asked.
really? it may not apply to you so don't read it it but from the e-mails i get from folks here it applys to many of them.

the only thing unsolicited is your comments which as you see are not only inappropriate but wrong .

if you understood what financial planning for retirement is about you would understand it is not based on any particular amount big or small, it is about various methods tht apply to every amount.

thanks to everyone else for expressing the fact that you do get something out of it. i put alot of time into trying to get certain thoughts and ideas across to people so they can think for themselves and not fly by the seat of their pants.

there is little taught about how to structure for starting out in to retirement land and no matter how much we have the mechanics of getting it right apply to everyone concerned about living off their own nest eggs.

obviously if you have a pension or other income then living off your savings isn't an issue but for the rest of us it is a big issue .

as soon as someone says they don't have alot of money so they do not need to know this stuff it becomes obvious they have no clue what the planning is about or how it works or they would know the amount doesn't matter.

doing a controlled burn of your savings and investments over a lifetime is the same mechanics regardless of the amount you have.

trying to get 100k to last a lifetime with a particular allocation of investments is no different than trying to get 1 million to last a lifetime. the allocations and investments will be identical. only the income you get changes.

trying to draw 4% of 100k inflation adjusted for 30 plus years is the same investing and methods as drawing 4% of a million dollars

Last edited by mathjak107; 09-19-2013 at 03:28 AM..
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Old 09-19-2013, 04:09 AM
 
16,437 posts, read 19,131,529 times
Reputation: 9518
Quote:
Originally Posted by newmover99 View Post
You haven't seen Nothing yet! The retires of the last 20 years will be the last ones to have an employee sponsored retirement. The next 30 years are going to be a "Bloodbath" unfortunately. And when SS runs dry it won't be pretty.

SS won't run dry unless we let it. We have the votes to remove these weasels that want to fund their various agendas from our SS.
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Old 09-19-2013, 05:52 AM
 
Location: State of Being
35,885 posts, read 67,147,825 times
Reputation: 22373
Quote:
Originally Posted by Huckleberry3911948 View Post
The lessons of 1929 have been forgotten
Debt is not seen as a threat
Yes and I think about the things my grandparents talked to me about 40 years ago. The only reason we didn't totally sink this go 'round is b/c of the Federal Reserve, a strange organization when one delves into its history and structure.
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Old 09-19-2013, 05:59 AM
 
Location: State of Being
35,885 posts, read 67,147,825 times
Reputation: 22373
Quote:
Originally Posted by Escort Rider View Post
Nothing is more common than threads going off-topic; some off-topic paths are relatively benign but I find this one mean-spirited and rude. Instead of discussing "why most Americans are in such bad shape financially" (the thread topic), here we are in a protracted discussion about what sort of posts are welcome. This has turned into some bashing that makes me wince. And if it makes me wince it must be pretty bad because I am hardly a shrinking violet and I have dished out my share of criticism when I see lack of logic and/or conclusions I disagree with.

I think we can do a better job of expressing our disagreement, and even our irritation, without being so downright vicious.
I think sometimes people take things personally when the post they are turned off to was not even written with them in mind. Most posts are personal experiences or sharing info and not personal at all.

As someone said earlier, if the shoe doesn't fit, don't try to wear it.

There are many reasons that folks may be in a bad financial situation going into retirement (or that may cause them to be unable to retire when they desire, or that will mean a drastic change in lifestyle).

Speaking personally (not intended as a jab at anyone!) but I think there are a lot more of us who are struggling due to difficult circumstances (losing a business, bankruptcy, medical bills, reduced income, loss of job, death of spouse, etc) than are in great financial shape.

And of course, many of us are in a situation that is less than ideal, but we will get by.

Life changes on a dime; all it takes, as in the case of one of my friends, is for a college aged child to be in a horrific accident and end up partially paralyzed and need care for the rest of his life. It can happen and it does happen.

We have no idea what others are struggling with! Good advice still remains good advice, if it applies to one's situation.

"APPLY AS NEEDED."
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