Music Banter - View Single Post - Why America Is Better than All Your ****hole Countries

djchameleon · 11-12-2013, 08:27 PM

Quote:

Originally Posted by Lord Larehip

Not.

The older you get, the more you have to think about retirement. I hope you are investing your savings to get it to grow--I hope you have savings to begin with. To retire, you MUST OWN a house. I mean, it must be paid off, you must own it. You cannot be making mortgage payments in your retirement, you cannot be paying rent. It will eat right through your savings. If you don't have money saved up, what are you going to live on when you can't work anymore? Take a look at those old homeless bums with their hand out for your answer.

And those who say they will work until they die, you'd better plan on dying at around 62 to 64 years of age because very few places will keep you around much beyond that. If you refuse to retire, they will retire you. If you lose your job, NO ONE will hire at that age. That just happened at my company--big retirement purge; people who had no intention of retiring just got retired and are frantically looking for work which they can't find. Working until you die is really not an option unless you own your own business.

You need around $250,000 to retire--bare minimum. Don't have anything close to that? Start saving and investing. Or win the Powerball. Don't count on social security, it may not exist by the time you retire and even if it does, you'll be living hand-to-mouth if that's all the money you have to live on.

Traveling around with your little backpack is all well and good when you are young. It won't cut it when you're old.

This whole post is bullshit. If you are retiring. All you do is move to another country where you have to spend far less than you do here in America for Cost of Living. There are several places that even have retirement communities in numerous different countries. You don't need 250k to retire on. You bought into a bill of goods that was sold to you a long time ago Sir.