Winners or Losers, which will you be at retirement?

[Mikeoxenormous]

Why your parents had it easier in retirement than you will

Whether you're in your 20s or your 50s, your retirement is probably going to be harder to finance than your parents'.

Back when my grandfather was working for Sinclair Oil as a linesman, he was promised a pension and social security to live off of once he retired. At age 60 in 1960 he was able to retire to Clearwater Fla get a 2 bedroom house, a carport and a screened in back porch. Since he and his wife, smoked and drank pretty heavily, I guess they didn't think they would live very long so lived their lives to the fullest while not saving for their future. In 1980 my grandfather passed away leaving his puny pension and social security to my grandmother who ended up living to be 102. She near the end had barely enough to live on, so her children had to pick up the rest of the tab.

I have been teaching my children about investing for their future, as I have been investing in Home Depot since 1987, Boeing since 1991 and many others after 2001. My children know that even with a 5% dividend check going back into their stock portfolios, that in 40 years they will have amasses well over 1 million dollars or more and have over $50,000 of dividend income(only taxed at 5%) plus their retirement and social security(if still there). If they contribute more to their stock portfolio they could amass even more. Their retirement will be as successful as my retirement is going to be.

The only way they could lose it all, is if the stupid fucking liberals turn this nation totally socialist.

Moonbattery: Psychiatrist Confirms: Liberalism Is a Mental Disorder

Based on strikingly irrational beliefs and emotions, modern liberals relentlessly undermine the most important principles on which our freedoms were founded. Like spoiled, angry children, they rebel against the normal responsibilities of adulthood and demand that a parental government meet their needs from cradle to grave.

 

[Penelope]

Why your parents had it easier in retirement than you will

Whether you're in your 20s or your 50s, your retirement is probably going to be harder to finance than your parents'.

Back when my grandfather was working for Sinclair Oil as a linesman, he was promised a pension and social security to live off of once he retired. At age 60 in 1960 he was able to retire to Clearwater Fla get a 2 bedroom house, a carport and a screened in back porch. Since he and his wife, smoked and drank pretty heavily, I guess they didn't think they would live very long so lived their lives to the fullest while not saving for their future. In 1980 my grandfather passed away leaving his puny pension and social security to my grandmother who ended up living to be 102. She near the end had barely enough to live on, so her children had to pick up the rest of the tab.

I have been teaching my children about investing for their future, as I have been investing in Home Depot since 1987, Boeing since 1991 and many others after 2001. My children know that even with a 5% dividend check going back into their stock portfolios, that in 40 years they will have amasses well over 1 million dollars or more and have over $50,000 of dividend income(only taxed at 5%) plus their retirement and social security(if still there). If they contribute more to their stock portfolio they could amass even more. Their retirement will be as successful as my retirement is going to be.

The only way they could lose it all, is if the stupid fucking liberals turn this nation totally socialist.

Moonbattery: Psychiatrist Confirms: Liberalism Is a Mental Disorder

Based on strikingly irrational beliefs and emotions, modern liberals relentlessly undermine the most important principles on which our freedoms were founded. Like spoiled, angry children, they rebel against the normal responsibilities of adulthood and demand that a parental government meet their needs from cradle to grave.

What about your parents?

 

[Mikeoxenormous]

Why your parents had it easier in retirement than you will

Whether you're in your 20s or your 50s, your retirement is probably going to be harder to finance than your parents'.

Back when my grandfather was working for Sinclair Oil as a linesman, he was promised a pension and social security to live off of once he retired. At age 60 in 1960 he was able to retire to Clearwater Fla get a 2 bedroom house, a carport and a screened in back porch. Since he and his wife, smoked and drank pretty heavily, I guess they didn't think they would live very long so lived their lives to the fullest while not saving for their future. In 1980 my grandfather passed away leaving his puny pension and social security to my grandmother who ended up living to be 102. She near the end had barely enough to live on, so her children had to pick up the rest of the tab.

I have been teaching my children about investing for their future, as I have been investing in Home Depot since 1987, Boeing since 1991 and many others after 2001. My children know that even with a 5% dividend check going back into their stock portfolios, that in 40 years they will have amasses well over 1 million dollars or more and have over $50,000 of dividend income(only taxed at 5%) plus their retirement and social security(if still there). If they contribute more to their stock portfolio they could amass even more. Their retirement will be as successful as my retirement is going to be.

The only way they could lose it all, is if the stupid fucking liberals turn this nation totally socialist.

Moonbattery: Psychiatrist Confirms: Liberalism Is a Mental Disorder

Based on strikingly irrational beliefs and emotions, modern liberals relentlessly undermine the most important principles on which our freedoms were founded. Like spoiled, angry children, they rebel against the normal responsibilities of adulthood and demand that a parental government meet their needs from cradle to grave.

What about your parents?

They are no longer around.

 

[9thIDdoc]

Hopefully by retirement age a person is wise enough to understand that "winning" has nothing to do with money.

 

[DGS49]

A few things to think about:

Since 1930, the stock market has increased in value (accumulation of dividends and capital gains) at about 12% per year. This includes all the recessions and whatnot, so despite the occasional dip, a well-considered stock portfolio (or even an index fund) is a pretty safe bet.

Interest rates are not likely to spike anytime soon (within the next 10 years), so bonds will not be a better investment than common stocks.

As Mark Twain reminded us, real estate is generally a good bet, since they are not making any more of it (and the population continues to increase). So whether it's flipping houses, or buying income property, there are a lot of ways to make a lot of money in real estate. You might have to be a little bit creative with financing, and willing to put up with some shidt from tenants, but everyone should at least consider getting into real estate, possibly with a reliable partner or two.

Social security was never intended to support you fully, and it won't. YOU are responsible for the balance.

Editorially, I would remind anyone reading this that historically, retirement was funded by YOUR CHILDREN, which is one reason why people tended to have big families. Social Security absolved the younger generation (generally starting with Boomers) of the obligation to take care of their parents, and "we" dropped them like so many hot potatoes. It's fairly disgraceful what "we" have done, but most young people are not aware of the history of working class society.

 

[rightwinger]

I worked 33 years for the Government and am set for life

 

[DGS49]

Yes, undoubtedly true. And 33 years is about 80% of a normal working life. I started working full time in 1968 and retired in 2016. For teachers, it's about 75% of a normal working life - and that's only if you don't the 3 months every summer.

Government pay and pensions are the greatest scandal of all. Politicians paying off bureaucrats to vote for them.

 

[rightwinger]

Yes, undoubtedly true. And 33 years is about 80% of a normal working life. I started working full time in 1968 and retired in 2016. For teachers, it's about 75% of a normal working life - and that's only if you don't the 3 months every summer.

Government pay and pensions are the greatest scandal of all. Politicians paying off bureaucrats to vote for them.

When I was 21, I was offered a Government position that paid around $2000 a year less ($13,000 vs $15,000) than the private sector was paying Engineers. When I questioned the low salary, they reminded me of the great Government Pension where I could retire at 55

At 21, 55 meant I might as well be dead. I'd rather have the extra salary

Taking that job was the best decision I ever made

 

[Dogmaphobe]

Retire?

I love what I do too much to think about retiring.