Are you "lucky"if you have a secure retirement?

[houstonscott]

Boy, do you shift your arguments accordingly. Why don't you just come out and say if your not healthy and don't have any money I will not pay for your care? I am sure that looks like a fit model for your retirement planning scenarios.

You are right, I'm not responsible for your healthcare, and have no intention of paying for yours too. HS

 

[Parkanzky]

You are right, I'm not responsible for your healthcare, and have no intention of paying for yours too. HS

But the reality is that if he gets into an accident and doesn't have insurance, that you do pay for his care through the increase in cost of your own healthcare.

 

[houstonscott]

But the reality is that if he gets into an accident and doesn't have insurance, that you do pay for his care through the increase in cost of your own healthcare.

I think emergency life saving care related to an accident is something each State has embraced and has the wide support of each States tax payers. However birth to grave healthcare is something we don't want the federal government involved in any way shape or form. HS

 

[Parkanzky]

I think emergency life saving care related to an accident is something each State has embraced and has the wide support of each States tax payers. However birth to grave healthcare is something we don't want the federal government involved in any way shape or form. HS

Who are you speaking for when you say, "we?"

And I assume then that you'd like to do away with Medicare?

 

[newbury]

Come on, I am waiting to get some feedback on Long Term Care here.

Then start a thread about it. This has been railroaded.

 

[ovrszd]

Then start a thread about it. This has been railroaded.

Heheheheh... He's been the advocate to stay on the subject. Now he's trying to railroad his own thread. :confused3:

 

[Scrambler82]

I didn't read all 67 pages of this thread, so shoot me !
IMHO... Anyone in the working class that has been able to save enough money to have a secure and care free retirement is VERY lucky.
I am the middle of three sons, educated and maintained a relatively good job for 30 years as an Quality Assurance Engineer.
My wife also has a decent job as a customer Service Supervisor in a large company.
We both saved/invested as much as possible, took advantage of not only stock purchase plans but also stock purchasing on the open market. (best one to date was FORD at $1.99)
We did without a new vehicle every other year as some of our friends had, we didn't remodel our home everytime a new color was the accepted thing and we were pretty frugal with our spending and our daugther's spending.
Today we are retired, have a home in SoCal on ten acres in SoCal Wine Country and every weekend we go to one of the local Wineries and sample wines have something to eat and take in a movie. We are able to do things we only thought about when we were working, although I can't remember where I had time to work, there are so many things going on here in SoCal.

My other two brothers had jobs, one as a mechanic and one worked in a large leather shop.
They didn't have any type of pensions or saving, they both didn't worry about retirement because they always said S/S would cover them and both of them are looking for work now that they are retired.

Do I think I am lucky, yes and no, I worked, saved and planned , purchased and sold houses to become mortage free without touching my savings... I worked for what I have achieved and in that sense I am where I planned on being, wherei hoped I would be and I didn't plan on S/S for anything more than paying for insurance and buying lottery tickets, (yes I am still hoping to hit the big one).

My daughter now is doing her savings, her husband doesn't fully understand the implications but let her do what she thinks is required to where she wants them to be and I can only hope my wife's and mine examples have pushed her to a good plan and in turn a great retirement.

So, yes I am lucky to be where I am in life and enjoying life for all it has to offer and no, I am not because I worked to be here, panned to be here and I/we got here.


Sorry for the rant... I will get off the box now !

 

[JDgreen227]

Heheheheh... He's been the advocate to stay on the subject. Now he's trying to railroad his own thread. :confused3:

DISAGREE 100% !!! Having LTC should be considered a MAJOR influence in having a secure retirement and you all know it. How is the subject of having LTC any different than having medical insurance??? Maybe HS with his OH-SO-PRECIOUS "STATICS" CAN TELL US....:laughing: :laughing: :laughing:

 

[ultrarunner]

I guess I could say unlucky in that the retirement plans where I have worked were either not available to me or quickly ceases after I became eligible... very unlucky because I took a pay cut to go to work for a large company with fantastic benefits and within a year they pulled out of California...

Overall, I have nothing to complain about... it's just the old saying about planning and the best laid plans.

 

[ultrarunner]

DISAGREE 100% !!! Having LTC should be considered a MAJOR influence in having a secure retirement and you all know it. How is the subject of having LTC any different than having medical insurance??? Maybe HS with his OH-SO-PRECIOUS "STATICS" CAN TELL US....:laughing: :laughing: :laughing:

Can't say one way or the other except the Wall Street Journal had an article about a quiet shift in the Long Term Care Markets... some have stopped writing, others are spinning off and most plans underestimated the premium required to make good on the benefit offered...

I have no idea if Long Term Insurance will ever reach crisis point of not...

Here's a Forbes link from 2012\

What's Killing The Long-Term Care Insurance Industry - Forbes

 

[JDgreen227]

Then start a thread about it. This has been railroaded.

DISAGREE....having LTC should be considered a major part of having a secure retirement.

 

[RedNeckGeek]

Come on, I am waiting to get some feedback on Long Term Care here.

I asked that question several months ago, and opinions came back very mixed:


http://www.tractorbynet.com/forums/...are-insurance-recommendations.html?highlight=

 

[Pixguy]

Come on, I am waiting to get some feedback on Long Term Care here.

OK Bill, I'll bite. My wife and I have paid over 6 figures on an insurance policy that will cover us after 30 days of needing care. We sure could have blown that money on many things but we wanted to make sure we were not a burden on our kids or our neighbor. I don't consider us lucky to do that, I consider us good planners.

 

[houstonscott]

Who are you speaking for when you say, "we?" And I assume then that you'd like to do away with Medicare?

When I say "we" I mean the 50 sovereign countries, oh, sorry, "States" for you low information types, that have joined a union and signed on to a document limiting the federal governments power and enumerating what powers it has. HS

 

[murphy1244]

When I say "we" I mean the 50 sovereign countries, oh, sorry, "States" for you low information types, that have joined a union and signed on to a document limiting the federal governments power and enumerating what powers it has. HS

How's that going?

 

[Capricious]

"...."States" for you low information types..."




Well, I happen to live in a "state." To the best of my knowledge, it has never been a "sovereign country."

But, evidently being a "low information type," perhaps I missed something....

 

[Capricious]

DISAGREE....having LTC should be considered a major part of having a secure retirement.

While long term care is certainly an issue, I don't know if long term care insurance is a good idea or not.

What happens if that particular insurance companys goes belly-up? And even if it doesn't I have seen many many cases where people thought they had insurance coverage for some loss and the insurance company refused to pay.

I have a real problem with paying an insurance company today for coverage of a risk that could be a decade or two (or more) in the future.

 

[houstonscott]

"...."States" for you low information types..." Well, I happen to live in a "state." To the best of my knowledge, it has never been a "sovereign country." But, evidently being a "low information type," perhaps I missed something....

Its is now! Yup you missed it. You don't live in a state, you live in a State. You probably think the "American people" elect the President. HS

 

[houstonscott]

How's that going?

Hoping to make it 49. HS

 

[ovrszd]

How's that going?

Murph, if I wasn't so busy I'd come out to Ohio and we'd take over.