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The current annual income cap for Soc. Sec. taxes is, I think, $106,500. Certainly there are many people who have much higher incomes. Raising the income cap would take care of Soc. Sec., period. As it is, the cap goes up about $2K every year.
Healthcare, now... a huge issue on every front.
As a retiree the thing that is killing me is that I can no longer count on any return from my investments.
Real Estate sucks, CDs pay nothing, the market is too volitile. I was doing better under Carter than I am now
Bascaiklly you sound like your inthe right position in that you ahve not losss moeny. But if so then you should be make more on stocks how lookig at the markets.Of course real esate is badas that was what crashed the most. CD will pay nothign when there is so mcuh governamnt liquidy available now at cheap rates.We never seen was theat kind of government feeding the eonomy liquidy is why it was better during carter.look at the value of the dollar.
Bascaiklly you sound like your inthe right position in that you ahve not losss moeny. But if so then you should be make more on stocks how lookig at the markets.Of course real esate is badas that was what crashed the most. CD will pay nothign when there is so mcuh governamnt liquidy available now at cheap rates.We never seen was theat kind of government feeding the eonomy liquidy is why it was better during carter.look at the value of the dollar.
Actually I made a bundle with Carter. Turned a quick $100K on Real Estate and then powed it in to 5yr CDs at 14%. I'm OK for now because I still have more coming in than I spend. I guess that's why I moved to AZ rather than stay in CA
long term i have always made money... short term some years up some years down but long term i always averaged over 9% for more then 22 years.. i recently got more conservative but i still anticipate 6-7% long term. in fact the portfolio mix i use has averaged over 9% for more than 30 years
investing in retirement is still about long term not what happens day to day or year over year. . money you need to eat with in 20-30 years from now is still long term money
long term i have always made money... short term some years up some years down but long term i always averaged over 9% for more then 22 years.. i recently got more conservative but i still anticipate 6-7% long term. in fact the portfolio mix i use has averaged over 9% for more than 30 years
investing in retirement is still about long term not what happens day to day or year over year. . money you need to eat with in 20-30 years from now is still long term money
As you and I have discussed not current retiree's should be hurting short term from the market down turn. If they had a short term basket of 2-4 years needs invested in bonds or cash they haven't lost anything. There other two baskets would have rebounded considerably since March so whats the issue?
I guess alot got scared.... the truth is they will probley do themselves more harm trying to avoid risk then taking on some risk...
they better have a pension or lots a dough that dosnt have to keep up with inflation if they want to go risk free.
they better plan on having to take almost double the amount out 20 years or so from now compared to now if we even run 3% inflation.
I was watching Bloomberg yesterday and they had folks on talking about retirement strategy in light of the article in Time about 401K's. They made a point that the issue for folks in this current downturn was their allocation strategy and how they had not just their funds but their mutual funds allocated. They didn't get chance to elaborate. It would have been helpful to folks if they had. If you had your money separated by asset classes you are more protected than if your funds are blended together within a mix of asset classes. That is the problem with target date funds.
If you max out your 401k max out a Roth and pay your house off fast (15 year note or LESS) you should do o.k. - a real estate rental or two could help if you have what it takes.
Otherwise you should have fun and definitely see a little of the world while you are young - you can take those experiences throughout your life and it's a great vehicle for conversation, friendship and education.
Actually I made a bundle with Carter. Turned a quick $100K on Real Estate and then powed it in to 5yr CDs at 14%. I'm OK for now because I still have more coming in than I spend. I guess that's why I moved to AZ rather than stay in CA
So why the whining . That is the way the markets work; otherwsie it would be a sure thing. If it were that then prices would inflate to match and we all would be poor.
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