7 ways retirement is different now
More than ever, workers are having to take responsibility for planning and financing their golden years. Here’s what the not-yet-retired need to consider.
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It`s not wall street that have robbed people`s retirement.People spend too much.The
Dow is up 61% with Obama.People should read books on investing.The far right doesn`t
say the good things about the economy.
Share the wealth wallstreet.You are the ones that messed up and basicly ripped off your fellow americans. Shame on you, and god knows what you have done to these poor hard working people
As a case in point, the value of the US Dollar against the Philippine Peso has dropped roughly 20% over the last four years going from about 50 Pesos to the Dollar down to a bit over 40 to 1 now. The Philippines is one of those source countries that supply the US. As the Dollar continues to fall against the Peso, they will have no choice but to raise their prices which we will see at our local stores.
As long as we continue to spend money at the national government level that we don't have, this trend is only going to get worse. Unfortunately, it would appear that based on the results of our last election, the majority of voters don't care.
Given the new 'Senior' discrimination trend and the massive gap in our resume's, getting a job is virtually impossible since to retire we moved to a rural community where living expenses are far more affordable that our home in the city. Don't ever assume that your retirement is in the bag, and you can look down on those pitiful souls who did not save. If we had it to do all over again, we would have spent our money while we were both able to enjoy it, instead of giving it all away in funds and investments and getting stuck footing the bill to subsidize the rich and famous =(
old timer I suggest you learn your history. Baby bomers that paid social security all these years know that only 7 percent actually went for social security' the rest went to fund other programs. The money was never put in a fund to draw interest. S'S'is the only program that paid for iyself.
What most people don't realize.. that all of these damn tax.you name
sales tax,homeowners tax,state tax,this tax that tax is whats
killing your retirment,or ANY SAVINGS you might have
taxed to death..why even work or buy anything..
Pensions used to be the way Americans saved for retirements, by pledging allegiance to the companies they helped build. Those, coupled with social security, gave a respectible end of life to our seniors. Now that greed in corporations has taken guaranteed pensions away, unless we work for the House of Representatives, we have the 401k replacements, that bob and sway every time the Stock Market hiccups, and hasn't really been a good replacement for a pension fund.
Now, the GOP wants to attack our other lifeline, Social Security. I think we should vote them out!
My only problem is the marriage penalty built into the tax on Social Security benefits. Two single people living together can earn far more without paying any tax on their SS benefits.
They can EACH get $25,000 including half of their SS without paying one nickel on their SS benefits while a married couple will start paying at $32,000. In addition the jump to 85% comes at $34,000 for singles & only $44,000 for a married couple.
If my wife & I get a divorce & live together we can save a substantial amount of money in taxes & have the fun of living in sin.
Why should the government tax you for being married?
We can thank the merciless greedy bastards who can never make enough profits at the expense of society for our great new society of throwaway people.
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Start of summer already? Better get shopping. But give the grills and new electronics a miss for now, according to the experts at Dealnews.