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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Dec 11, 2012 9:43AM

I have a friend who SS is going up in Jan.13....1.7%.   He gets $17 a month more and his medicare went up over $8, that leaves him with a little over $8 a month increase.   Ooops wait, his association fee went up $20 a month, now he's worse off than he was.  That's what old folks get in our country.   His 401 got wiped out. Oh and the water company, gas company and power company wants their yearly increase, he just seems to be going backwards financially.   He keeps cutting or trying to cut expenses but they keep going up so fast.


How annoying is it that this country gives BILLIONS & BILLIONS AWAY IN FOREIGN AID and we don't take care of our seniors?

Dec 10, 2012 10:56PM
The biggest change in retirement these days is that most can't because their 401ks and ira were raided by wall street and they have very little left. Reality is most people will end up working until they can't or they are dead!
Dec 10, 2012 9:21PM
Well I did my planning over 20 years ago and not letting a company or govm't dictate to me when I can retire.  I did what RR said, take responsibiltiy for your fiscal future. I invested and now will reap my reward.  I am going to retire long before 59 and will enjoy my retirement.  I started saving $5 a week and now via investments and taking control I will have fun.  I cannot change or help those that are my age and have little time left to plan, but I will pass on my plan to the next generation and hope some succeed.
Dec 10, 2012 9:19PM

retire with the washington buzzards trying to pick my money to the bone, i think not


Dec 10, 2012 9:17PM

the government is trying every way in the world to get money in there,

retire in the face of knowing the infaltion is on the way and every way of taxation in the world is also

on the way, I dont think so


Dec 10, 2012 8:55PM

I will be retiring from my current job in less than four months following 38 years of employment there.   I have already started interviewing for my second career that I hope will last another 10 to 12 years, taking me to full SS benefits age.  The additional 10 to 12 years of work will also allow for further growth of the lump sum distribution I will be receiving in lieu of monthly pension checks

Dec 10, 2012 7:39PM
In other words...there is no retirement..get used to it....at least for another 4 years
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