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 03-16-2016, 10:39 AM
eok
 
6,684 posts, read 3,175,268 times
Reputation: 8464

Advertisements

Quote:
Originally Posted by HappyTexan View Post
My point was that SS is part of the 3 stool approach to retirement.
What if all 3 get flushed away?
Reply With Quote Quick reply to this message

 
Old 03-16-2016, 10:53 AM
 
71,744 posts, read 71,853,273 times
Reputation: 49299
bullets and beans will be priceless
Reply With Quote Quick reply to this message
 
Old 03-16-2016, 11:20 AM
 
29,789 posts, read 34,889,516 times
Reputation: 11715
Quote:
Originally Posted by reneeh63 View Post
I have a fair amount of savings and a moderate pension...does that mean I'm not also looking forward to another couple grand a month in social security? You bet your a$$ I am!
Bada Bing!
Reply With Quote Quick reply to this message
 
Old 03-16-2016, 11:21 AM
 
29,789 posts, read 34,889,516 times
Reputation: 11715
Quote:
Originally Posted by eok View Post
What if all 3 get flushed away?
Then that means we are all in the sewer.
Reply With Quote Quick reply to this message
 
Old 03-16-2016, 11:23 AM
 
Location: Forests of Maine
30,692 posts, read 49,482,998 times
Reputation: 19136
Quote:
Originally Posted by mathjak107 View Post
... i was shocked at how little they accumulated with the lifestyle they appeared to live . they had to relocate to florida to retire .
We relocated after I retired.

It was partly to seek a much lower Cost-Of-Living, and also in search of a more favorable lifestyle.

We are very happy with the property that we were able to buy / build on, after cashing out of portfolio.
Reply With Quote Quick reply to this message
 
Old 03-16-2016, 11:25 AM
 
Location: Forests of Maine
30,692 posts, read 49,482,998 times
Reputation: 19136
Quote:
Originally Posted by threecats407 View Post
Pension? I'd really like to know the percentage of people who get one. I won't be but I'm sure as govt grows it will more than offset the ones being eliminated from the private sector.
I have no idea of the percentage of retirees on pension. Though I have a small pension.
Reply With Quote Quick reply to this message
 
Old 03-16-2016, 11:26 AM
 
29,789 posts, read 34,889,516 times
Reputation: 11715
Quote:
Originally Posted by Burkmere View Post
Well, as a teacher you didn't pay into social security, so, of course, your benefit is small..based on when you did contribute.
Most teachers pay into and receive benefits. A number of selective state employees don't participate but most do. EScort is in Calif and they don't.
Reply With Quote Quick reply to this message
 
Old 03-16-2016, 01:30 PM
 
Location: Paranoid State
13,047 posts, read 10,454,884 times
Reputation: 15684
Quote:
Originally Posted by evilcart View Post
This gets overlooked a lot.

If you work hard. Save your money, prepare for the future.... You get damn all help paying for your kids school...


But if you waste your money, don't save and do nothing about the future , the state and fed are happy to give you a dig out for kids college monies.....


When you think about it, it should be the other way around. Those who build the nation should be rewarded and should get help preparing their offspring to continue the task.


The little bit of the middle class that has survived gets no help at all. We get phased out on every benefit but still have to pay every tax and fee.
I recall reading a book about life at Harvard Business School. It was a first person account. The author described how he had scrimped & saved to pay for tuition, fees, room & board, etc -- currently about $102K per year (Cost Summary - MBA - Harvard Business School). He had sold his car & purchased an old beater for $400.

He recounts how many of his classmates drive brand-new BMWs and wore Rolex watches. He assumed they were rich -- but later found out they were not.

They drained their life savings to purchase those shiny new BMWs and expensive watches just before applying for financial aid. So - they received scholarships because they had no money in the bank.
Reply With Quote Quick reply to this message
 
Old 03-16-2016, 03:27 PM
 
71,744 posts, read 71,853,273 times
Reputation: 49299
Quote:
Originally Posted by Submariner View Post
We relocated after I retired.

It was partly to seek a much lower Cost-Of-Living, and also in search of a more favorable lifestyle.

We are very happy with the property that we were able to buy / build on, after cashing out of portfolio.
our friends are pretty miserable in florida . they are away from family and friends and never wanted to leave . but they had no choice . they blew through most of what they made while working . they had no clue that there savings of a few hundred thousand could not safely produce more income then it could .
Reply With Quote Quick reply to this message
 
Old 03-16-2016, 03:43 PM
 
Location: Ponte Vedra Beach FL
14,628 posts, read 17,945,286 times
Reputation: 6717
Quote:
Originally Posted by Escort Rider View Post
A fate worse than death!
. Robyn
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
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