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Old 10-01-2017, 11:20 PM
 
Location: Wasilla, AK
7,322 posts, read 4,189,369 times
Reputation: 15969

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Quote:
Originally Posted by ocnjgirl View Post
My brother and I both share the same retirement plan, Walmart greeters, lol. But it won't be by choice!
My youngest brother is 48 and he lives from paycheck to paycheck and has absolutely no assets. When I asked him how he planned to retire his answer was death or disability. Pretty sad. He would have had four years of college fully paid for but chose to drop out of high school. Now, he has nothing. And nothing to look forward to.
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Old 10-02-2017, 04:00 AM
 
12,320 posts, read 15,235,133 times
Reputation: 8121
I can see the attraction of workampimg. Sure, there are cheap places to live, and opportunities for part time work. But with workampimg you get to see the country. Many seniors never got to travel during their prime working years.
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Old 10-02-2017, 06:38 AM
 
Location: annandale, va & slidell, la
7,430 posts, read 3,066,823 times
Reputation: 6259
Quote:
Originally Posted by flashlight View Post
".....who drove 1,400 miles to this Maine campground from his home in Indiana to take a temporary job that pays $10 an hour."


smooth move.
That was my thought. Probably another stupid decision this guy made that put him in his situation to begin with.
Finally, an article like this by the Washington post is suspect anyway. Boo hoo.
Life planning has to start early. Bad choices never go away. Next!
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Old 10-02-2017, 06:45 AM
 
20,248 posts, read 11,227,661 times
Reputation: 20279
Quote:
Originally Posted by bobspez View Post
People have lived on less, with less, in the past than they do today. The majority of seniors have enough resources to live well if they use their heads, and live within their means. If not, there's public assistance. No one has to starve or freeze to death in the winter. i'm 71 now, but 40 years ago there were news stories about retired people living on dog food. What amazed me was that with just a hotplate and a pot and running water and a refrigerator, they could have cooked very low cost nutritious meals from scratch, rice and beans with cheap cuts of diced pork or beef, lentils with cheap cuts of stewing beef diced in, and bread and butter, pasta and sauce, peanut butter and jelly, boiled eggs, grilled cheese, etc. Instead they ate dog food.
No, they can't.


I have a wife who is an absolute whiz with basic foods. She does all her shopping from farmers markets and prides herself on being able to prepare wholesome meals from basic foods. She even makes her own baking soda from scratch (most people don't know what baking soda is). She can tell you when Bobby Flay makes a mistake.


But she will also tell you that an elderly person is not going to be able to do that shopping and then cook that meal from scratch on an electric hotplate. That's a fairy tale for people who don't know what shopping and cooking are.
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Old 10-02-2017, 06:52 AM
 
Location: Tennessee
23,699 posts, read 17,668,720 times
Reputation: 27773
Quote:
Originally Posted by Escort Rider View Post
Interesting. "People are living.....more expensive lives,......" One aspect of the general picture is that our standard of living is such that we would no longer be satisfied with what was considered "normal" life 50 or 60 years ago.

Stuff costs more because it is more complex; one example is cars. When I was a kid, our family car did not have air conditioning, or seat belts, or electric windows. Ditto about our house - no air conditioning, although we did have central heat. One full bath only, for four people.
One thing about the cars is that you often cannot find a new car as sparsely equipped as models from 50 years.

It is going to be very difficult to find a car without air conditioning. Even the most basic cars will generally have it. Electric windows are on most cars. Seat belts are mandatory.

There are tons of other features that we probably don't even think of that are common now that weren't then. Cars today are far more dependable and last longer than cars fifty or sixty years ago.
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Old 10-02-2017, 07:05 AM
 
20,685 posts, read 16,716,499 times
Reputation: 38877
Quote:
Originally Posted by AlaskaErik View Post
My youngest brother is 48 and he lives from paycheck to paycheck and has absolutely no assets. When I asked him how he planned to retire his answer was death or disability. Pretty sad. He would have had four years of college fully paid for but chose to drop out of high school. Now, he has nothing. And nothing to look forward to.
Well, in our case, my brother was an auto mechanic, a good one, and he loved it. But the first thing that happened is his wife left while the kids were still young forcing him to support 2 households and unable to save, then he got older and hurt his back, needing surgery, and he can't be a mechanic anymore. So he works a low wage job. He does however have a family who loves him, and whom will always make room for him.


In my case, I was a late bloomer and didn't go to school until my late 20's, graduating with an OT degree in my mid-30's. I paid off student loans until my mid-40's. I make a good salary now and am saving, but it's going to be maybe a hundred thousand or so most likely, if I save well, IF I can work that long at this job (I had back surgery last year, at 55) which isn't even a drop in the bucket to what being old in America actually costs.


Not complaining, btw, I am very lucky compared to MANY in this country (I work in nursing homes often in poor areas) and I too have a family who has my back.


That's what I think is going to happen, we're going to head back toward days where more family members share one household.


I don't think this generation of elderly should be compared to their parents. My mother's parents were frugal because they went through the depression. We recycled everything at my grandparent;s it was hoarders paradise because he wouldn't throw out a single jelly jar, margarine tub, tin foil pan. If I didn't know exactly what I wanted in the fridge and it's exact location, I dared not even open the door, because If the fridge door was open more than 3 seconds I'd get hollered at. This is fear-based frugality, and the generation who came after probably spent more partly as a reaction to growing up with parents who had money but clutched it with a death grip, and partly because they themselves did not grow up in the Depression, and so did not share that gut-level fear that drove the frugality of her parents.


It was not a good thing in all ways either. My grandmother had a couple hundred thousand that she would never put in anything but CD's. I remember years and years where they were like 1%, I would take her to the bank and we would deposit 17 checks for 37 cents apiece, it was ridiculous.


I just think it's all too easy to just look at another group and attribute traits to them and say "serves them right" but for what purpose? Just to feel better about ourselves? I don't mean you AlaskaEric, just something I started thinking about reading the thread this morning.
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Old 10-02-2017, 07:27 AM
 
Location: Greenville, SC
4,675 posts, read 3,723,298 times
Reputation: 8717
Quote:
Originally Posted by ocnjgirl View Post
They're not the same. A medical plan is a supplement to Traditional Medicare, purchased to pick up the. 20% Medicare doesn't cover. Advantage plans are stand-alone plans, you can't get Medigap as a supplement. Yes traditional Medicare with a supplemental policy is very portable, Advantage Plans are not
I didn't say they were the same, and I'm 100% aware of the differences between the two. A large part of the reason why Medical plans are more expensive is you have to buy parts B and D as well as Medical.
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Old 10-02-2017, 08:28 AM
 
365 posts, read 126,956 times
Reputation: 1440
"People are living longer, more expensive lives, often without much of a safety net."

Once I took the leap and retired, out of the woodwork came the comments from the friends and relatives in my age range (if not older) that they, too, would love to retire but can't afford to. The ones who are older than me especially get a little nuts about why someone who is younger than they can afford to retire whereas they're still working and probably will be working till age 80. They can't seem to connect the dots...that retirement is possible if you are willing to lower your standard of living. For the most part they have all lived much more expensive lifestyles than me. I'm not saying this as a judgment or to feel better about myself, I'm simply stating it as an observation about why they can't afford to retire. They all have big homes that are costing thousands in updates and repairs; drive large, expensive SUVs; own the latest electronic gadgets and luxury coffee makers etc.; spend on eating out, weekend getaways and vacations; one of them even bought a second vacation home.

If retirement isn't a priority and the other stuff is, well, don't retire then. Keep working till 80 if that's what you want to do.

Once I knew retirement was a priority to me, I took steps to downsize my lifestyle. I started this maybe 20 years before I retired.
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Old 10-02-2017, 10:48 AM
 
3,340 posts, read 2,089,102 times
Reputation: 2367
Quote:
Originally Posted by HollyhockGarden View Post
Well. I wanted to read this article, but when I go to the link, the Washington Post wants to charge me $1.00 to read the article. Went to their website and got the same thing. Maybe it is because it is the end of the month and I have already read my allocated # of articles.
at the end of each day, delete all your browsing history, all the cookies they installed. you will have a fresh start again the next day.
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Old 10-02-2017, 11:11 AM
 
6,353 posts, read 5,091,511 times
Reputation: 12920
Quote:
Originally Posted by Ralph_Kirk View Post
No, they can't.


I have a wife who is an absolute whiz with basic foods. She does all her shopping from farmers markets and prides herself on being able to prepare wholesome meals from basic foods. She even makes her own baking soda from scratch (most people don't know what baking soda is). She can tell you when Bobby Flay makes a mistake.


But she will also tell you that an elderly person is not going to be able to do that shopping and then cook that meal from scratch on an electric hotplate. That's a fairy tale for people who don't know what shopping and cooking are.
You made some good points! I'm not yet elderly, but I'm at the point that I hate to cook. Maybe it is just a summer thing cuz I hate the heat that the stove produces.

And I don't know about others, but we just don't eat as much. Used to go out for breakfast and have a full plate but now one breakfast taco/burrito is more than enough. That with coffee of course - lots of coffee.

Going out to eat is also a good time for seniors to get out and about and visit with friends. We love our weekly gab fests.
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