Retirement in America is a disaster for many.

[AzogtheDefiler]

There are times when death is better than going on living, especially if one believes there is paradise waiting for them.

I had two aunts die of pancreatic cancer. One was dead within 10 days of being diagnosed, the other lingered for more than a year after hers. It was not a pleasant existence

We agree again

Definitely need mittens and a hat in Hell

 

[SweetSue92]

There are times when death is better than going on living, especially if one believes there is paradise waiting for them.

I had two aunts die of pancreatic cancer. One was dead within 10 days of being diagnosed, the other lingered for more than a year after hers. It was not a pleasant existence

Pancreatic cancer is bad. Real bad. Sorry to hear.

 

[fncceo]

Live fast, die young, leave a good-looking corpse.

 

[expat_panama]

...Inflation is a fixed income killer

Of course it is. Always has been, always will be.

--and unchanged prices are a windfall for those w/ inflating salaries.

So how about we get beyond meaningless posts and consider the fact that we want a small amount of inflation, we all don't want excessive inflation, and we don't want any deflation. We all together on this?

 

[sparky]

I'm looking for a few good pork recipes to retire on ~S~

 

[expat_panama]

I did see increased revenue, it was just increasing slower than before the tax cuts. I gave you the data and the figures. Feel free to show me where my math is wrong...

Rather than repeating my point of what we're measuring from and to only to have you repeat that your math is sooo wonderful, let's give this a rest.

...What we have in the US is massive Govt but not enough revenue to cover the cost, so we are kicking the can down the road to our children and grandchildren.

I find that to be an immoral thing to do

huh, we're in agreement on that, but to my mind the solution is not higher (or uncut) taxes but instead reducing our "massive Gov't" and cutting spending.

 

[Harpy Eagle]

huh, we're in agreement on that, but to my mind the solution is not higher (or uncut) taxes but instead reducing our "massive Gov't" and cutting spending.

That is a great idea, but we never vote anyone into office that will do that.

 

[expat_panama]

....to my mind the solution is not higher (or uncut) taxes but instead reducing our "massive Gov't" and cutting spending.

That is a great idea, but we never vote anyone into office that will do that.

Actually we did just that a few years ago (sort of), check out the growth of "Federal Receipts" aka taxes:

Of hand, I'd imagine if I adjusted that for inflation it would show a drop...

 

[Admiral Rockwell Tory]

It is a mess out there. We are blessed in that I have my Marine Crops Pension and my wife will have one from the VA. Plus over the last 10 years we have had the means to put a lot of money into retirement accounts.

But this is not the case for a lot of people.

So sorry about your loss, it is my biggest fear in life

How long did you harvest Marine Crops?

 

[westwall]

Live fast, die young, leave a good-looking corpse.


View attachment 1028490

But he ruined an awesome car. Jump off a cliff

 

[Missourian]

Yep.... I’m looking at it and it looks a lot worse than I thought it would 20 years ago. I’m luckier than most. I have a pension from public sector work and my 401k, some investments, and I have a growing amount of side work that I do.

The loss of a spouse never stops destroying you. We were supposed to be doing this together.

Sorry for your loss.

 

[initforme]

Getting people OUT of the workforce in their early 50s boosts the economy.

 

[GMCGeneral]

For me, after I retire from transit, I plan to go back to driving big Yellow (school bus), but for a district (West Seneca) instead of a private contractor. I'll already have my NFTA pension, but will pick up a state pension as well.

 

[AzogtheDefiler]

--and unchanged prices are a windfall for those w/ inflating salaries.

So how about we get beyond meaningless posts and consider the fact that we want a small amount of inflation, we all don't want excessive inflation, and we don't want any deflation. We all together on this?

2% Target

 

[expat_panama]

2% Target

Sounds good to me, that's also what the fed likes.

Something else the fed likes is the Personal Consumption Expenditures: Chain-type Price Index (PCEPI) for measuring inflation. Right now the PCE is at 2.7 year over year while the CPI (what everyone else uses) is higher. My prob atm is I'm getting one story from the fed & another from some other source that says they're quoting the fed.

Either one has a glitch or i need my second cup of coffee...

 

[expat_panama]

Getting people OUT of the workforce in their early 50s boosts the economy.

That's one point of view. Another thought conciders that when you prevent people from producing that the GDP falls, that many see that as an index of a failing economy.

 

[Harpy Eagle]

For me, after I retire from transit, I plan to go back to driving big Yellow (school bus), but for a district (West Seneca) instead of a private contractor. I'll already have my NFTA pension, but will pick up a state pension as well.

If you do that, you are not retired.

 

[initforme]

That's one point of view. Another thought conciders that when you prevent people from producing that the GDP falls, that many see that as an index of a failing economy.

People don't report for work to help the economy.

 

[iamwhatiseem]

Getting people OUT of the workforce in their early 50s boosts the economy.

Definitely not.
Do that and a workforce loses their most experienced and knowledgeable.
Wow that is wrong.

 

[initforme]

Definitely not.
Do that and a workforce loses their most experienced and knowledgeable.
Wow that is wrong.

If they can retire then they have no duty to keep working. But bye. There's always new workers ready