The Concept of a Pension Should be Offensive to People

[Coldworld]

Seems to using the SS as insurance.

What you think about that??

 

[BrownFlush]

Men on my fathers side usually die young. On my mothers side they live longer but tend to get dementia which isn't much better.

You’re still here greyman and the dementia?… forget about it

 

[oldngray]

You’re still here greyman and the dementia?… forget about it

 

[BrownFlush]

62-70 is a chunk of compounding time. Similar to pension at 50-51 vs 56-59 Hard to make up lost pension years mathematically at say (~50k+\yr)

The guys I know still working, those sought after feeder runs, are probably working for 40k a year.
They will never live long enough or if they do, it won’t be with the health I’ve enjoyed, and will receive half of what I will if they’re lucky.
It won’t buy you another minute and it dies with you.

 

[oldngray]

62-70 is a chunk of compounding time. Similar to pension at 50-51 vs 56-59 Hard to make up lost pension years mathematically at say (~50k+\yr)

You need to weigh how much more money you could get vs those lost years when you were younger and hopefully still healthy enough to enjoy them.

 

[anonymous23456]

You need to weigh how much more money you could get vs those lost years when you were younger and hopefully still healthy enough to enjoy them.

Well, you can't blame him if all he wants to do is getting the maximum SS payout to spend at Chicken Ranch. He doesn't even need to move anywhere else. All he needs to do is just walking from there and back to his motel/van.

 

[Wally]

What you think about that??

I guess it's all about the numbers. I think the break even age is about 80-81 years old, if you start collecting at 70.

 

[Over70irregs]

The guys I know still working, those sought after feeder runs, are probably working for 40k a year.
They will never live long enough or if they do, it won’t be with the health I’ve enjoyed, and will receive half of what I will if they’re lucky.
It won’t buy you another minute and it dies with you.

That’s why I’m like get the $ now. There will be a wave of dementia Alzheimers cases. We can see it now. Plus effects from medical procedures people took

 

[Over70irregs]

You need to weigh how much more money you could get vs those lost years when you were younger and hopefully still healthy enough to enjoy them.

Yes. Do you want to roll hard in 50s 60s or 70s 80s? Screw that. I know medicine is improving but they are going to stick people in senior housing eating oatmeal sucking their $ up.

 

[BrownFlush]

Yes. Do you want to roll hard in 50s 60s or 70s 80s? Screw that. I know medicine is improving but they are going to stick people in senior housing eating oatmeal sucking their $ up.

They can’t have what you don’t have. And they can't take what you’ve already spent.

 

[BrownFlush]

I guess it's all about the numbers. I think the break even age is about 80-81 years old, if you start collecting at 70.

At 62 it’s 75. (Average age of death for males)

 

[Faceplanted]

Lmao @ people having financial “guys”

You’re literally taking advice from a bunch of Dave’s with slightly more schooling, shilling financial products so they can profit of said products

 

[rod]

Lmao @ people having financial “guys”

You’re literally taking advice from a bunch of Dave’s with slightly more schooling, shilling financial products so they can profit of said products

Get a good one. My guy has made me TONS of money and has kept me from losing way less during the down times than what most do. He is way more educated about the ins and outs of investing than I could ever be.

 

[Brown Down]

Get a good one. My guy has made me TONS of money and has kept me from losing way less during the down times than what most do. He is way more educated about the ins and outs of investing than I could ever be.

Exactly. Also some of us have multiple streams that will come into play. My wifecalso will have a 401k and a pension on top of my 2 pensions, 401k, and a few other things. Almost impossible for me to keep track of and maintain properly.

 

[Sissy Brown Short Shorts]

25 year pension is 60k per year plus medical in Ca.

As long as theirs money in the pot and a company that exists to continues the payments.

 

[Sissy Brown Short Shorts]

This is the reason you have to drop 23k in 401k. View attachment 463134

Yeah, but would you want to go back in time and shop for goods and services in 1971? Things are significantly better and significantly cheaper even though purchasing power has dropped and wages stagnated. That’s the dirty deal we made when we shipped off manufacturing to China and we became a service based economy. Better and cheaper goods at the expense of good middle class jobs. Back in ‘71 a household probably had one car, one phone, one tv and maybe went on one vacation a year. Now you have two cars, a house that’s three times larger and all the time saving and life easing appliances and gizmos you could imagine. Now you just have to determine wether or not destroying the middle class and good jobs was worth it. We could have kept manufacturing here but you’d be paying an American 2,500$ to make your iPhone or you can pay 899$ for some kid in China to make it.

 

[Over70irregs]

Yeah, but would you want to go back in time and shop for goods and services in 1971? Things are significantly better and significantly cheaper even though purchasing power has dropped and wages stagnated. That’s the dirty deal we made when we shipped off manufacturing to China and we became a service based economy. Better and cheaper goods at the expense of good middle class jobs. Back in ‘71 a household probably had one car, one phone, one tv and maybe went on one vacation a year. Now you have two cars, a house that’s three times larger and all the time saving and life easing appliances and gizmos you could imagine. Now you just have to determine wether or not destroying the middle class and good jobs was worth it. We could have kept manufacturing here but you’d be paying an American 2,500$ to make your iPhone or you can pay 899$ for some kid in China to make it.

Simple greed

 

[BrownFlush]

Simple greed

The engine that runs capitalism.

 

[UnionStrong]

The engine that runs capitalism.

 

[BrownFlush]

View attachment 463287

I want to be like Mike.