MD wrote:Haven't you noticed the flood of reverse mortgage ads?
Here's a clue: If seniors weren't stressed to the point that they are willing in droves to sell their hard-earned domiciles for five or ten years of cash-flow, the ads wouldn't run.
401ks aren't shit in comparison to that.
After they piss away that money, they will discover that they are wait-listed for health care.
Anyone got any good news to share? ...
cricket...
cricket...
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I thought not.
MD wrote:Haven't you noticed the flood of reverse mortgage ads?
Here's a clue: If seniors weren't stressed to the point that they are willing in droves to sell their hard-earned domiciles for five or ten years of cash-flow, the ads wouldn't run.
401ks aren't shit in comparison to that.
After they piss away that money, they will discover that they are wait-listed for health care.
Anyone got any good news to share? ...
I thought not.
shallow sand wrote:There should be mandatory instruction in all high schools and colleges concerning personal finance, especially retirement issues. As 401(k) is now the primary retirement vehicle, it would seem there should be no debating this.
It seems to me, however, heredity is a big predictor, and family instruction is the only instruction being received by most. My unscientific polling indicates that if your parents were not savers, chances are you will not be either.
beamofthewave wrote:so do dental bills, car repair bills, student loans, car insurance, health insurance, I don't remember my dad ever having all of these different taxes taken out of his pay check every other week. I have come to the conclusion insurance is a scam and I am paying for nothing. I am paying 500 a month to health, dental and car insurance corporations and what a rip off. You people are talking about saving money as if it is even a possibility in the US. I think maybe in Ireland it would be possible where you wouldn't have to pay insurance rip off corpoations.
Pops wrote:. I'm thinking we're moving back to the idea that we're going to work 'til we croak.
Outcast_Searcher wrote:Pops wrote:. I'm thinking we're moving back to the idea that we're going to work 'til we croak.
Somehow I don't see people (at least those of middle age and the elderly) signing up to get rid of Medicare, hospitals, nursing homes, etc. and just accepting they'll die when they can't work -- not voluntarily.
AgentR11 wrote:I think the idea is that we work till we croak to supplement ss / medicare. Might be different for some, but if I become unable to work via aging, my other expenditures other than end-of-life medical (where I will not authorize anything not explicitly covered by medicare anyway) tend to fall off quite drastically. No car, no travel, a very small apartment (with a good A/C), somewhere flat I can lay on the floor or put a bed that better be as hard as the floor. Internet would be good. I don't watch TV anymore though.
Other than to transfer a ton of money to a bunch of doctors to have stuff done to me, that I don't want done to me, exactly where are these huge expenses supposed to be?
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