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Exactly. Getting dividends is nothing unique. Retirees generate the same income stream directly off the portfolio and the net effect is the same whether there are dividends or not. Both get a reduction in value after the payment that has to be recovered in order to not be running on principal.
I actually think full retirement is a bad idea for most people. I am of the belief that people get bored and then they shorten their lives unintentionally. There needs to be a base income for those over a certain that don't work, but it should never be enough to live off of. We all need a vocation, and I think most of the boomers are smarter than me and realize this.
Too late, you already are. Do you really not understand, as a member of the (self-proclaimed) smartest and best educated , not to mention the largest, generation in US history how the system works? And how it always worked?
Or is this yet another of your poor pitiful me millennial generation whining threads?
I actually think full retirement is a bad idea for most people. I am of the belief that people get bored and then they shorten their lives unintentionally. There needs to be a base income for those over a certain that don't work, but it should never be enough to live off of. We all need a vocation, and I think most of the boomers are smarter than me and realize this.
You should get some hobbies. I won't have a problem filling my days
So far there is not enough hours in a day to cover all the things we want to do
Yeah I don't get people who think retired people just sit and stare at a wall
They are the ones complaining about having to work too many hours so they can't do what they want, and when they consider retirement and all those hours they can do things they want, they suddenly are empty of things to do?
I actually think full retirement is a bad idea for most people. I am of the belief that people get bored and then they shorten their lives unintentionally.
Sitting around in a lounge chair watching TV all day may shorten one's lifespan, but remember there's a lot of work out there that needs doing and which pays little or nothing. And retirees (especially the younger ones), not being tied to a rigid 9-5 work schedule, are often in a perfect situation to help out witt that. Someone who's no longer earning any wages but who is donating produce from their backyard garden to the food bank, helping out at the animal shelter, and volunteering their time to organizations like the local homeless shelter, Habitat for Humanity, or Meals on Wheels may be officially retired, but it sure seems like they are working to me!
We can still whine about the coming collapse of Western civilization, interest rates and the FED however. As you were, people. Light em if you got em.
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For example, simply removing the payroll cap and taxing all income brackets equally would not only be fairer to all Americans, it would also raise all of the money and then some to plug any Social Security funding shortfalls twenty years from now.
That's a myth. It only generates $130 Billion annually in revenues, while still short $320 Billion.
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