Results 1 to 11 of 11

Thread: How would you like -

  1. #1
    Senior Member HK in AK's Avatar
    Join Date
    Feb 2005
    Location
    quis custodiet ipsos custodes
    Age
    46
    Posts
    4,874

    Default How would you like -

    How would you like it if all employer of federally sponsored retirement programs were done away with? This would mean no employer sponsored retirement programs that match your contributions, no defined benefit programs, no social security, nothing but what you save for your own retirement?

    Given that a person, say my age, 45, needs about $2.3 million in the bank to retire, what would the economy look like?

    What prompts my question is the issue of the Social Security Trust fund, which is down to a paltry $3 trillion. If none of these accounts existed, what could people afford and still be able to retire?

  2. #2
    Banned user
    Join Date
    Jul 2009
    Location
    What's your excuse for not voting?
    Posts
    9,240

    Default

    That's why we need to scream as loud as we can for the government to give us what we "earned" or else. (sponsored by the goose stepping seniors of AARP)

  3. #3
    Doing Stupid Nyusu's Avatar
    Join Date
    Jan 2012
    Posts
    2,771

    Default

    ONLY alternative to it is having several generation of family live under same roof, the way it was done everywhere 100 years ago.

  4. #4
    Banned user
    Join Date
    May 2006
    Location
    California
    Age
    46
    Posts
    24,868

    Default

    Quote Originally Posted by Nyusu View Post
    ONLY alternative to it is having several generation of family live under same roof, the way it was done everywhere 100 years ago.
    That is the reality today.
    It's not easy or fun.
    All it takes is one bad fall from grandpa to ruin everyones work day not to mention days in the hospital.
    Or who's turn is it to take the grandkids to school and grandparents to their medical appointments.

    It gets worst if dementia kicks in.

    I'm willing to bet the time spent away from work to take care of the elderly parents and grandparents is costing us billions in productivity.

  5. #5
    I'll be in the corner. Rattfink's Avatar
    Join Date
    Jul 2011
    Location
    In a knife fight with a gypsy...
    Posts
    8,419

    Default

    I have already begun adjusting my long term outlook. I had planned on living untill 72. Now I'm learning from baby boomers who are caring for their parents who are outliving their retirment funds by a long stretch. I now plan to work longer after my "retirement" from the Corps., and possibly support and house my mother as well.

  6. #6
    Doing Stupid Nyusu's Avatar
    Join Date
    Jan 2012
    Posts
    2,771

    Default

    Quote Originally Posted by Ordie View Post
    That is the reality today.
    Actually not anymore for long time already. Most families dont live together(well depends on region). After all being older then 20 and living with your parents is being labeled as bad thing for some reason.

  7. #7
    Senior Member memfisa's Avatar
    Join Date
    Jul 2011
    Location
    600ft under the Canadian Shield
    Posts
    1,200

    Default

    Euthenasia, oh yes... Work till 65 then its off to the soylent green processing facility
    Simply, solved.

  8. #8
    Senior Member Tyon's Avatar
    Join Date
    Aug 2008
    Location
    Westfalen
    Age
    28
    Posts
    1,621

    Default

    "It is every citizen's final duty to go into the tanks and become one with all the people. "

    Chairman Sheng-ji Yang, "Ethics for Tomorrow"
    Last edited by Tyon; 04-30-2012 at 11:30 AM.

  9. #9
    Gun Nut Geezah's Avatar
    Join Date
    Feb 2004
    Location
    Hey everyone, look at me, I'm the only important one here...
    Age
    43
    Posts
    13,384

    Default

    Walmart Greeter for the Win...........

  10. #10
    Banned user
    Join Date
    May 2006
    Location
    California
    Age
    46
    Posts
    24,868

    Default

    Quote Originally Posted by Nyusu View Post
    Actually not anymore for long time already. Most families dont live together(well depends on region). After all being older then 20 and living with your parents is being labeled as bad thing for some reason.
    I know several multi-generational households.

    Kid's back from college and his grandparents move into his room situation.

  11. #11
    Doing Stupid Nyusu's Avatar
    Join Date
    Jan 2012
    Posts
    2,771

    Default

    Quote Originally Posted by Ordie View Post
    I know several multi-generational households.

    Kid's back from college and his grandparents move into his room situation.
    As i said it most, not all and it depends on region(it being rural, urban etc.)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •