Retirement savings ....Yikes !

[J F]

5...4...3...2...

**poof**

Welcome to the Friendly Politics forum. :laughing:

 

[rekees4300]

Any savings over $25,000 being seized in Europe? Anyone........

False

 

[RDrancher]

I'm not worried at all. I'm 56 with a 38 year old wife and a 17 month old kid. I plan to retire 3 to 5 days after I die.

 

[BuzzardA91]

False

Thanks. I thought it was just me that thought that was ridiculous. I even wasted 3 minutes checking the news.

RDrancher, you can't even think about retiring, we would be lost without the photo thread! Plus the Cowboys are one of the few teams who HASN'T done anything stupid in free agency.

And J F, I think your right, right to the Friendly Politics Forum for this.

 

[JDL538]

Thanks. I thought it was just me that thought that was ridiculous. I even wasted 3 minutes checking the news.

RDrancher, you can't even think about retiring, we would be lost without the photo thread! Plus the Cowboys are one of the few teams who HASN'T done anything stupid in free agency.

And J F, I think your right, right to the Friendly Politics Forum for this.

They are going to TRY to take it from us one way or another all of it.The World is BROKE, They tried to do it today in Cyprus. There is way more to all of this than most 99% think. The Banks are broke and they own us. Wake up America it is getting real serious it going to get much worse, Why WOULD Homeland security buy Billions of rounds of ammo and large New Tanks look it up it's true. You could laugh at all of this if You want or do some serious reading. JMO

 

[aczlan]

I feel for those people too Bob. For anyone getting close to your retirement age, you best not have a whole lot you can't afford to lose tied to the stock market. I'm amazed that people close to retirement or already retired who keep a large portion of their retirement income in stocks.
Pretty much a basic no-no, unless you can afford the risk that comes with it.

As Clark Howard says, the portion of your retirement money in the stock market or other "unsafe" location should be inversely proportional to the amount of time left before your retirement.

Aaron Z

 

[BuzzardA91]

Homeland Security is buying ammo, agreed. They do every year. This years spending is not out of line with past years minus the spike in ammo prices. Several agencies get their ammo through them. A recent article was just written about it, I will try and find the link. Haven't heard about the tanks, but my local PD has a regional one the town paid part of. Doesn't seem too out of line for an agency we task with protecting us?

And if there is more to it then 99% of most think then what the heck can 1% do about it anyway. Go on with life, prepare for the worst, but live for what you hope is going to happen. If that doesn't work I heard Iceland and New Zealand are really nice.

I agree there are problems ahead but to refer to a situation (that didn't happen) in a tiny island across the world as Europeans having their savings account seized is ridiculous. And it was 10% and quickly shot down.

If the 1% of "informed" people want to enlighten the rest I would stay away from exaggeration, misinformation, and rhetoric. Now I will just disregard further posts from that person. Maybe they have plenty good to say but I will never know.

And your right about people being clueless, just look at the people we voted in.

 

[newbury]

I just heard a panel discussion on the news about retirement savings and a survey was done that showed 57% of the people at or near retirement age of 65 yrs. old had less than $25,000.00 in the bank...and 28% said they had a bad view of the future and economy...Now this is not good.... Imagine , what are these seniors going to do ? No interest is being paid on savings, pensions for many are non existent, retirement accounts were raided by many to survive this depression...at least that is what the panel said..

First of all listening to talking heads on the news can be dangerous to your health.
Second statistics are made to prove a point.

Remember (and pardon the bad characters from the cut and paste):

Republican strategist Karl Rove predicts Mitt Romney will win the election with at least 279 electoral votes.
In his column in The Wall Street Journal, Rove said the Republican presidential candidate is winning at every level of the numbers game, 蜷甚om polling data to early voting.

驩?metime after the cock crows on the morning of Nov. 7, Mitt Romney will be declared Americasｴ 45th president, Rove wrote on Wednesday night. 髀粗t逞ｴ call it 51%-48%, with Mr. Romney carrying at least 279 Electoral College votes, probably more.
Read more: Karl Rove: 279 electoral votes for Mitt Romney - Katie Glueck - POLITICO.com

I've got less than $15K in the BANK and I'm retired. I won't bother to tell the pollsters what our net worth is.

And apparently 72% of the people do not have

a bad view of the future and economy

I thought the freedom to make choices was one of the great American ideals. And often that means bad choices.

If people made poor choices pity them, but it was their choice. If the government makes a poor choice, like invading Iraq, pity us, but pay the trillion dollars to the military industrial complex.

 

[johnk]

And then you have to think about the people whom NEVER worked, collected the Welfare Benefits all their lives, have medical, have food stamps, have a cell phone. Gimme a break. I worked allllllll my life donating to these loads.

 

[newbury]

They are going to TRY to take it from us one way or another all of it.The World is BROKE, They tried to do it today in Cyprus. There is way more to all of this than most 99% think. The Banks are broke and they own us. Wake up America it is getting real serious it going to get much worse, Why WOULD Homeland security buy Billions of rounds of ammo and large New Tanks look it up it's true. You could laugh at all of this if You want or do some serious reading. JMO

They DIDN'T BUY THE 1.6 BILLION ROUNDS OF AMMO!!!.
They let a contract to allow them to buy UP to 1.6 billion (how does that easily become BILLIONS?). And the tanks are going on fire sale prices because the government had them built and we have to support the defense manufacturers.

I think every town should have an MRAP, park it next to the WWII tank.