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Most can't retire bek they are still raising their 30 year old son and his babies
Cosigning for his college debt does not help any either
Its not failure to prepare for retirement its surrendering your retirement to your worthless kids
When you can no longer bring home the bacon you become the bacon
Vampires I understand they are just hungry but those who offer their throats??????
This alternet article shows us that we need to make some serious changes in this country. I for one believe that it is high time to tax the wealthy with a wealth tax. We should also raise payroll tax cap on Social Security. There is no reason in the world that Americans should be living like gypsy's in their retirement years. This is truly an outrage.
Shocking Picture of What Life Will Look Like When You Can't Afford to Retire
So john should be punished because he and his wife scrimped and saved $150 a month for 40 years in a mutual fund averaging a 10% return which gave them $948,000 at age 63 allowing for their retirement?
John and his wife saved this money by not having cable television.
Meanwhile Jerry Jerk next door subscribed to cable television and at 42 Jerry bought that$28,000 Harley Davidson motorcycle he always knew he was entitled to.
But at 66 Jerry Jerk is broke and forced into a life on the road working minimum wage.
But let me get this right, according to you John and his wife should be punished with higher taxes because they saved over a 40 year period?
The stock market casino should not be what we use to bank our retirements. The stock market should not be a replacement for real pension plans. Gambling with your money in the stock market is just insane. The people who had their 401k's wiped out in the last crash will tell you that.
Quote:
Originally Posted by nicet4
So john should be punished because he and his wife scrimped and saved $150 a month for 40 years in a mutual fund averaging a 10% return which gave them $948,000 at age 63 allowing for their retirement?
John and his wife saved this money by not having cable television.
Meanwhile Jerry Jerk next door subscribed to cable television and at 42 Jerry bought that$28,000 Harley Davidson motorcycle he always knew he was entitled to.
But at 66 Jerry Jerk is broke and forced into a life on the road working minimum wage.
But let me get this right, according to you John and his wife should be punished with higher taxes because they saved over a 40 year period?
Brilliant idea to have a "wealth tax" imposed on those that have saved their money to provide for their retirement.
Yes, people who worked hard, saved their money and invested it don't deserve to have it. It belongs to people who spent their money or never earned it.
I really don't get this mindset that people who have been successful owe money to those who have not been successful. They don't. They earned what they have. And if we do take it away from them who will take care of them now that they've been robbed? Look at it this way. Each wealthy person is one less person the system has to take care of and we probably won't have to take care of their kids either.
Why is it greedy for a person to want to keep what they worked for but not greedy for others to want to take it away from them?
Its not as if this is some new thing; many have had no real retirement and worked on as described in article. The problem as become to many dependent on too few overtime.
Most can't retire bek they are still raising their 30 year old son and his babies
Cosigning for his college debt does not help any either
Its not failure to prepare for retirement its surrendering your retirement to your worthless kids
When you can no longer bring home the bacon you become the bacon
Vampires I understand they are just hungry but those who offer their throats??????
THIS is scary. I have a pregnant 19 yo who refuses to grow up. I feel stuck between a rock and a hard place because there's an innocent baby caught in this mess. I want her on her own and responsible for her own kids but if she refuses do I have the right to force her child into a desperate situation? Grand babies are a lot of leverage for the irresponsible. My dd seems to think her baby is her meal ticket. This is a bad situation all the way around. While there is help out there, she can't qualify until she is on her own. There is nothing to help her get on her own. It appears that I either support her or let her and her baby live on the street for however many months it takes for government aid to kick in. How is it illegals can come here and get help and our own children cannot?
If this situation does not resolve soon, I can see it negatively impacting my ability to retire but what choice is there when there is a baby involved? If it were up to me this baby would be going up for adoption because she cannot afford it. Unfortunately, the government uses my income to exclude her from help. This is what I get for paying my taxes all my life. If she were an illegal, she'd have an apartment, food and a free education by now.
While I agree my kid is being stupid, what do you do when there are grandchildren involved? I keep telling her to get a job and get an apartment but what do you do when they don't that won't negatively impact the baby?
Yes this is a real problem. I can see where people who planned for retirement could end up in trouble if they have kids doing what mine is doing. Sadly, her little sister told me the other day not to worry. That she will take care of me when I'm old. She's disgusted with her sister but you're caught between a rock and a hard place when there is a grand child involved.
I don't get it. She wasn't raised this way. She's grown up watching both of her parents work for what we have. She watched me go back to school to be able to get a job when the manufacturing/engineering job market collapsed. She was not given everything she wanted. She was raised with the idea that education is important and everyone has to take care of themselves yet she aspires to be a SAHM (IN MY HOME) and has no desire to improve her own life. She has no sense of responsibility for herself. Her 16 year old sister has it more together than she does. I guess one could say I'm batting 500 but that leaves one kid unable/unwilling to care for herself and now there's a baby involved. Unfortunately, I can't put it up for adoption. She has the legal right to keep the baby and the government looks at my income to decide if she deserves help. Where's the way out that doesn't hurt an innocent baby?
Excuse my rant but you are too correct on this one. All it takes is one child to pull this crap to ruin a lifetime of working towards retirement. I expected to not have to support my kids once they were out of school (she refuses to go back to college as well as not getting a job because her job is SAHM...ARRGGHH) and I certainly did not expect to have to support their kids.
Last edited by Ivorytickler; 08-31-2014 at 10:59 AM..
This alternet article shows us that we need to make some serious changes in this country. I for one believe that it is high time to tax the wealthy with a wealth tax. We should also raise payroll tax cap on Social Security. There is no reason in the world that Americans should be living like gypsy's in their retirement years. This is truly an outrage.
Shocking Picture of What Life Will Look Like When You Can't Afford to Retire
Yes, we need to make serious change. But the solution doesn't lie in taxation. The solution lies in dismantling the system that funnels the vast majority of wealth to the privileged and/or unscrupulous few in the first place.
Would you stipulate that I could spend more time selling if I spent less time moving things into storage (on the bus!), moving thinngs out of storage, and taking things to and from a friend's (for listing photos) before I could actually list items online? And would you stipulate that spending $200 monthy for storage is crippling me financially?
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