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Old 03-10-2016, 04:54 PM
 
Location: Central IL
15,233 posts, read 8,527,906 times
Reputation: 35647

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Quote:
Originally Posted by marino760 View Post
If you're already retired or retiring soon it won't matter one tiny little bit. Don't lose sleep over it.
Changes are no longer made that will be effective in 5 or 10 years...it's down to 6 months. Without "grandfathering", yes, you need to be concerned - you'll be retired for 25 years.

 
Old 03-10-2016, 04:56 PM
 
Location: Ubique
4,148 posts, read 3,159,604 times
Reputation: 2634
Quote:
Originally Posted by ohio_peasant View Post
It's been a zero-growth 21st century, especially for those of us who invest heavily abroad, and who in the late 1990s were convinced that the magic of compound-interest (capital gains, dividends and so forth) would see them through. Instead, the world seems to be stuck in a stagnant, low-growth mode, where the salient concern is how to avoid losing one's principal, rather than how to secure exponential gains. I doubt that any politician, of any stripe, whether in Congress or in the Presidency, can make things materially better. They can however make things worse. Our present choices aren't appealing, but assuredly some are less appealing than others.
Surely certain politicians and policies have made things better, and has spurred growth. History is filled with them. As is with economic wreaking -balls politicians / policies.

However, the trend here or elsewhere in developed countries is clear -- govt growth and economic growth are at odds with each other.
 
Old 03-10-2016, 05:18 PM
 
6,253 posts, read 4,731,924 times
Reputation: 12839
Quote:
Originally Posted by Tonyafd View Post
Bernie will be hog tied like Obama is. The only honest one by the way
Hillary is Republican party lite.
Trump is on an ego trip.
Cruz and Rubio have been bought and sold.

Any way you look at this, we lose.
I suspect you are correct about Bernie being hog tied. I suspect the same would happen if Hillary is elected. As a retiree, perhaps that is the best outcome to look forward to. No major left initiatives such as increased capital gains taxation or increased costs and inflation. No major right wing initiatives such as privatizing social security or killing healthcare.


Sure Trump is on an ego trip. He has been all his life, but it is quite possible that he could win. That would be even more likely if Hillary is the democratic candidate and is then indicted for her emails. I think he scares me more than anyone else since that would result in Republican control. Cruz and Rubio have no chance. End of story.


I am trying to avoid discussing politics except for understanding the possible outcomes. But since you brought up Bernie as the "only honest one," I will take my 30 seconds. He is very good at the rhetoric but beyond that I am lost. He either does not understand or is avoiding a discussion of details. "Taking on Wall Street" is the best example. He uses that to deflect conversations, and to rabble rouse and to explain how he is going to pay for everything that we currently cannot afford. It seems to me this taking on Wall Street and taking on the speculators, means more capital gain taxes and other taxes that are likely to curtail investing in stocks and bonds. That will kill the goose.
 
Old 03-10-2016, 05:34 PM
 
Location: Nebraska
1,886 posts, read 2,299,372 times
Reputation: 5326
Quote:
Originally Posted by PDD View Post
Trump is not successful in 90% of his businesses just building development and golf courses.

He bankruptcies in ventures outside of RE are why I call him a failure. Just because he decorates everything in gold does not mean everything he touches turns to gold.
If Trump is a failure, then there are no successful people in the US. This makes all the other candidates major failures. So we are back to deciding who the least failed candidate is. But at least the candidates are still trying including Trump.

It would be more truthful if you just said that you just didn't like trump. Because that's is actually what it is, but you have to use an improper label to try to convince others that the candidate that you don't like should be the candidate that they shouldn't like.
 
Old 03-10-2016, 05:50 PM
 
Location: Washington State
18,524 posts, read 9,574,204 times
Reputation: 15782
Quote:
Originally Posted by jrkliny View Post
I certainly don't want to discuss politics. There is a separate forum for that. I am concerned about the results of the next election on those of us who are retired or already retired.


As a retiree, I have certain needs and expectations from government. I need to see social security remain viable. I need to see Medicare/Medicaid remain intact. Even with the current programs I have concerns about healthcare costs. My supplement and out of pocket costs are very high. The future need for skilled nursing care is always a possible concern. In addition to social security and healthcare costs, many of us are also dependent on withdrawals and returns on our investments. Also I live in a very high cost area. To some extent my income matches those costs but I am also at risk for seeing some of my costs increase and for seeing additional taxation.


Again, I do not want to discuss who should be the next President, but I do want to predict and potentially adjust to the likely outcomes. As I see it there are some likely trends.


If Bernie is elected we can expect he will push for added benefits. Unfortunately those benefits seem to involve things like free college tuition which does not help us seniors. Taxes are likely to increase. In addition Bernie talks about "going after Wall Street." I am not sure what that means except he wants to increase capital gains taxes. In addition to more taxes when we try to withdraw from our investments, the stock market is likely to slide severely. I am not sure what Hillary want to do. She is perhaps more moderate on spending but she for sure wants to increase capital gains taxes.


On the Republican side, I have an even harder time understanding the platform. Trump seems to enjoy making outrageous statements to gain attention and he also makes lots of promises but beyond those I am lost. Cruz and Rubio don't seem to have much of a chance for being elected, but they seem more interested in evangelistic ideals such as killing gay marriage and eliminating abortions. The Republicans seem to want to spend much more on the military so costs and taxes are not likely to remain constant with them either.


What do you think of the likely outcomes and -- beyond the useless act of voting -- what can we do to adapt?
I think it's funny that you started out saying you don't want to discuss politics and then...discussed politics.

Actually the Congress Legislates and the President executes the laws...at least that's how our government is supposed to work. No matter who is elected, they need the legislature to pass legislation they like. Most of those Presidential candidates will not be able to deliver 10% of what they're promising (lying) to do.

In the big picture, the problem is the Baby Boomer generation is retiring and there will be less workers compared to retirees....that's a huge impact on either the amounts being paid to retirees and/or the amounts being charged to workers....gotta work through that in the coming decades no matter who is elected or what they've promised (lied).
 
Old 03-10-2016, 05:57 PM
 
Location: SoCal
13,226 posts, read 6,326,744 times
Reputation: 9839
Quote:
Originally Posted by reneeh63 View Post
Changes are no longer made that will be effective in 5 or 10 years...it's down to 6 months. Without "grandfathering", yes, you need to be concerned - you'll be retired for 25 years.
Obama took away that loophole in 2016 budget and here's more to come according to Kipplingers.

Retirement Tax Breaks Threatened by Obama's Final Budget
 
Old 03-10-2016, 05:59 PM
 
Location: SoCal
13,226 posts, read 6,326,744 times
Reputation: 9839
Quote:
Originally Posted by Garthur View Post
If Trump is a failure, then there are no successful people in the US. This makes all the other candidates major failures. So we are back to deciding who the least failed candidate is. But at least the candidates are still trying including Trump.

It would be more truthful if you just said that you just didn't like trump. Because that's is actually what it is, but you have to use an improper label to try to convince others that the candidate that you don't like should be the candidate that they shouldn't like.
USA is a failure under 8 years of Democratic President, both here at home and abroad.
 
Old 03-10-2016, 06:03 PM
 
5,426 posts, read 3,449,470 times
Reputation: 13709
Donald Trump is not a thinking person's candidate.

Nor the candidate of the educated nor those with knowledge of history and politics.

He is a candidate who blatantly plays on emotions and often base emotions.

Retirees (and everyone else) would be wise to lend their support elsewhere (and not to Ted Cruz).

Last edited by matisse12; 03-10-2016 at 06:24 PM..
 
Old 03-10-2016, 07:32 PM
 
Location: Baltimore, MD
3,745 posts, read 4,217,509 times
Reputation: 6866
The only thing I have learned via the debates is the hands thing. The size of of a man's hands is somehow related to the size of his you-know-what and a presidential candidate apparently needs to reassure Americans that they should not worry because his you-know-what functions quite well, thank you very much. Therefore, he will make an awesome President!! Is this a great country or what?!

Surely this was the biggest WTF moment in the entire history of presidential debates.

And some Americans are worried about the Democratic Socialist? Hahahahaha. That's a good one.

We made it through the recession and we'll make it through the next eight years regardless of who is elected.
 
Old 03-10-2016, 09:51 PM
 
Location: SW US
2,218 posts, read 2,035,670 times
Reputation: 3824
Quote:
Originally Posted by Garthur View Post
So the question is do you want some one in the Oval office that can't get anything done or do you want some one in the Oval office that has a chance at getting something done?
It's not just a matter of getting "something" done. It's a matter of getting something done for the benefit of the country as a whole vs just for select groups or donors. The ability to compromise for the good of the whole is sorely lacking these days. And no president can do much without Congressional participation.
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