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Tweety Tweety (New Member) New Member

Retirement Peril

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But you don't have to pay tax on your huge inheritance and you can write off all the costs of your jet.

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And the 1% is going to use all those tax savings to create jobs for people who can't afford to retire. ICE is clearing out agricultural workers now. A small engine company in my area had 11 workers arrested, and I suppose will be deported.

I suppose they think seniors are going to be harvesting crops, working in slaughter houses, and cleaning hotel rooms.

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The only way to have a secure retirement, is via a pension, or government sponsored type program such as Social Security.

Having a 40lk is meaningless, as you are gambling, via the stock market, which goes up and down.

You might as well spend your free time playing the horses, at a racetrack, near you.

At least the horses are more honest than Wall Street!

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The only way to have a secure retirement, is via a pension, or government sponsored type program such as Social Security.

Having a 40lk is meaningless, as you are gambling, via the stock market, which goes up and down.

You might as well spend your free time playing the horses, at a racetrack, near you.

At least the horses are more honest than Wall Street!

When I first moved here in my 30's Florida was full of retirees on a pension. Almost all the corporations had pensions. Then they got greedy and went 401K's and I think that changed the ball game for my generation. We're the first to have to retire on 401Ks and if current stats and predictions prove true it's not going to be pretty.

Two years after me moving here my employer canceled the pension and went 401K.

Now almost all the retiree's I meet are teachers, firemen, police and others that had pensions.

You're right it's a gamble. I usually check mine monthly and there have been countless months that I was negative, losing all I put in and then some. I know that just means I'm buying cheaper stock that hopefully will grow later but it's painful to have to gamble with my future.

I could never retire if another crash like 2008 and a great recession were to occur.

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When I first moved here in my 30's Florida was full of retirees on a pension. Almost all the corporations had pensions. Then they got greedy and went 401K's and I think that changed the ball game for my generation. We're the first to have to retire on 401Ks and if current stats and predictions prove true it's not going to be pretty.

Two years after me moving here my employer canceled the pension and went 401K.

Now almost all the retiree's I meet are teachers, firemen, police and others that had pensions.

You're right it's a gamble. I usually check mine monthly and there have been countless months that I was negative, losing all I put in and then some. I know that just means I'm buying cheaper stock that hopefully will grow later but it's painful to have to gamble with my future.

I could never retire if another crash like 2008 and a great recession were to occur.

I am older than you.

A good number of my peers lost the majority of their 401k and home values during the Bush recession. Some of them are now working past 65 to try to recoup the losses, knowing that they cannot.

Republican economic policy isn't designed to help the working class as a priority, and so it doesn't.

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I am older than you.

A good number of my peers lost the majority of their 401k and home values during the Bush recession. Some of them are now working past 65 to try to recoup the losses, knowing that they cannot.

Republican economic policy isn't designed to help the working class as a priority, and so it doesn't.

I've mentioned before that crash added years to my retirement and I will definitely be working past age 65. My target is now 70. A whole generation of 401K holders were devastated, many worse than me.

I wouldn't survive another crash like that.

I don't want to make it political but the last couple of years have been o.k. for me as far as 401K goes. The last month has seem some downfalls though, but it's been up and down and that's what drives me crazy.

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Pensions are the best way to have a decent retirement.

Isn't that what members of Congress have upon retirement?

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I'm old enough that I actually have a small pension from my first hospital employer.

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I'm old enough that I actually have a small pension from my first hospital employer.

My pension was worth only $12K and they paid it out in cash in a few years ago, or I could have gotten a few dollars a month. I took the cash and paid taxes on it and got maybe $8,000 of it. I've long spent it. LOL

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My retirement funds just lost $10,000 today...hard earned and easily gone. LOL

I know there are ups and downs and it's the long term...blah blah blah

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Mine pays less than $1k/month.

It pays for medications and Medicare costs.

The donut hole is brutal if you have expensive meds.

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