Over70irregs
Well-Known Member
Just gauging how many cardboard realmers are delaying turning in their PEER papers ? If so how long?
Will inflation delay UPSers Retirements?
- Thread starter Over70irregs
- Start date
olroadbeech
Happy Verified UPSer
Perhaps if not all their ducks are in a row.
The biggest enemy to a lot of UPSers are all the toys they buy with the loans or re-financing their homes or divorce. It was almost comical to see the parking lot after a new contract was passed. New RV's , Harleys, dually's , talk of new homes, etc.
Getting near retirement is a time to buy down and scale down.
The biggest enemy to a lot of UPSers are all the toys they buy with the loans or re-financing their homes or divorce. It was almost comical to see the parking lot after a new contract was passed. New RV's , Harleys, dually's , talk of new homes, etc.
Getting near retirement is a time to buy down and scale down.
Now might not be the time to go into retirement.
With record inflation , now's not the time to take a pay cut.
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raceanoncr
Well-Known Member
It wouldn't have bothered me a bit. After 12 years of being gone, I'm still living on SS and pension. Don't need nuttin else.
Up In Smoke
Well-Known Member
If you've prepared well, it shouldn't be a factor. This looks to be about the 15th worst inflation event in the last 100 yrs. Difference this time is nearly full employment, a robust economy and near 0% interest rates. The fed could stomp out inflation in the matter of weeks if it raised rates by 3-4%. The problem with a radical move like that is sending the economy into a instant recession and sending the housing market into the tank. By easing rates and QT they hope to suppress spending to a level that maintains full employment and allows the housing market to remain strong. If you are going into retirement worrying about interest rates, unemployment and inflation you didn't prepare well. IMO
Over70irregs
Well-Known Member
Nice breakdown sir
Shift Inhibit
He who laughs last didn't get it.
Unfortunately there's a lot of older retired people going back to the workforce right now.
Shift Inhibit
He who laughs last didn't get it.
You just need to find a fun retirement gig like @olroadbeech
Shift Inhibit
He who laughs last didn't get it.
I'm just saying right now is a scary time to return.
What happens if it's inflation doesn't slow down?
Shift Inhibit
He who laughs last didn't get it.
Unfortunately this could last until Brandon is out of the White House..
Up In Smoke
Well-Known Member
April was lower than March, but gas prices rose significantly in May. Job gains, consumer spending and wages all grew in April as well. The personal income and spending data last week drove the market higher. Private payroll numbers are solid and this weeks employment numbers will tell us a lot about where the economy is headed. May's CPI should come out in a week or so.
May's number will be released on June 10th.
But the rise and fuel prices are just killing everyone especially the farmers and a price of fresh food
Up In Smoke
Well-Known Member
The feds decision to raise rates and reduce it's balance sheet is independent of who's in the White House. The fed tried this back in summer/fall of 2018 and the market dropped 20%, the GDP shrunk and the government nearly went into default. The fed quickly reversed course and remarked the economy was far weaker than the data represented. If this attempt hurts too bad, the fed IMO will turn course again and prop up our economy.
clean hairy
Well-Known Member
More stimulus checks to help people out due to higher prices?
DELACROIX
In the Spirit of Honore' Daumier
More stimulus check wouldn’t help...Inflation will still be out of control...
Those on fixed income are hurting big time...That is why we need COLA increases negotiated in our individual retirement plans, just saying..
Coldworld
60 months and counting
Get them on at brown as 22.4’s!!
Coldworld
60 months and counting
When are we getting those retros??
