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I could not have said this any better!
City-Data getting pretty stagnant of late.
There are endless threads on SS strategy, annuities, stocks versus safer but likely lower return investments, whether or not to have a mortgage in retirement, how much is enough to retire on, etc. It's rare to see something in this forum that is truly new and different other than people asking for advice on their particular situation. C-D has been stagnant for years; that's one reason I have some big gaps in my posting history.
I know a few with no savings and are clueless about how they will live in retirement. They basically plan to continue as is until their hand is forced, then they will worry about it then. I have no idea why that should come as a surprise to anyone, since a large percentage of the population goes through life exactly in that mode, 27/7/365.
At least the ones who live where there are 27-hour days.
Many people are happy working to be honest. Retirement sounds boring to a lot of people. Being busy sounds better.
This doesn't make sense. Retired doesn't mean bored or not busy. Although, I guess it could for people who don't have any imagination or a life outside of their work. There are those types.
There are endless threads on SS strategy, annuities, stocks versus safer but likely lower return investments, whether or not to have a mortgage in retirement, how much is enough to retire on, etc. It's rare to see something in this forum that is truly new and different other than people asking for advice on their particular situation. C-D has been stagnant for years; that's one reason I have some big gaps in my posting history.
Not just CD. On every forum I’ve read or participated, it’s get staled after a while.
I don't think much about those other people with no savings.
They made their choices in life and so did I.
We'll both live with the consequences.
Plus I think it’s their retirement they need to worry about it, why should I. I had my own retirement to deal with. If they don’t worry about their own retirement, what business of mine.
I am really amazed at the people who think it isn't a problem because people in their social circle don't have that problem. I have been out with Brown Bag group handing out sack lunches to the homeless; a *lot* of them are boomers. Most people I know personally are doing fine but a lot of that is because it's neighbors who can afford similar houses, people that work in similar jobs and while I do know a few in my SUP paddling group that could be doing better, they are mostly young. But as mentioned, I do have some exposure to those doing very poorly and I do believe the statistics on wealth and income. I am certainly not gong to pretend there is no problem.
I believe it's a problem. But it's not MY problem.
I pay taxes, a lot of taxes. I pay an appallingly high amount in Medicare premiums and penalties for "health insurance" I have still not been able to use a year after I signed up. Essentially I have no health insurance and have to pay retail prices for care and tests. Now SSA is threatening to impose a late enrollment penalty on Part D (in addition to the IRMAA penalty) because somebody got a date wrong.
I can't take on the weight of the entire world because I can barely manage the weight of my own.
I know several boomers with no savings, no home equity, nothing but their monthly social security check to live on.
What's YOUR point?
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