Retirement Income

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Caustic Burno said:
farmerjan said:
hurleyjd said:
Ain't socialism great. We participate all the time and do not realize it.

Yep, since we don't have a choice to participate or not, then I am going to get all back out of it I can.


Got that right! What a screwing socialism gave us. I was forced to pay into a system along with my employer and received no interest for over thirty years on a program designed to pay back less than what is paid in.
Socialism is great for the bum for sure.
If the US government wants to cut me a check for what the company and I paid into my "account " I will gladly release them from their obligations.

Dang right I entitled to this Socialist program that forced me to participate interest free to pay leaches of the Great Society that never paid to play.
Socialism is great way to buy votes of the leaches off the backs of working people.

I bet if you figured it up and I know your are smart enough to then you will come up with a figure that shows you have got all of it back and then some. Where do you get the idea that if you did not participate in SS you will still benefit. There were many years you only contributed 1% to the SS fund. I know because I lived in the same time frame that you did when working.
Pulled this back to edit and add this information You did not pay on all of your salary but what was limit allowed for each year..
https://www.ssa.gov/OACT/COLA/cbb.html#Series
 
Retirement plans can change on a dime. I was scheduled to retire in 8 months (I would only be 49). I was looking forward to it, and had posted about it here many times. I was beat out of an amount of money, that there is no way that I would share the dollar value with anyone, much less a forum. Wiped out my savings, and had to mortgage my place. i have now earned the right to work until I die, or my health fails. Started planning at age 18, and followed the plan closely. Life just gets the best of you sometime. The person that got me was a family member, and feels no remorse. Hold your cards close. People think you have something they dont........they will take it.
 
One thing I notice that people who live long have in common is they get out and move every day. My grandma who lived to be 93 lived in town the last 45 years of her life. She had it figured out how many times she had to walk back and forth on her block to walk a mile. Every day rain or shine she walked at least a mile. And she lived in Tacoma Washington where it rains pretty often. There is a 90 year old gal here who works as hard as most men. She has 200 ewes and a couple hundred cows that she cares for every day. Use it or lose it.
 
Dave said:
One thing I notice that people who live long have in common is they get out and move every day. My grandma who lived to be 93 lived in town the last 45 years of her life. She had it figured out how many times she had to walk back and forth on her block to walk a mile. Every day rain or shine she walked at least a mile. And she lived in Tacoma Washington where it rains pretty often. There is a 90 year old gal here who works as hard as most men. She has 200 ewes and a couple hundred cows that she cares for every day. Use it or lose it.

My orthopedic surgeon says exactly that walk daily. Once you stop and lock up your a short timer in most cases.
 
There is an ole gal here that lives less that 2 miles from me as a crow flies that is 97 and oversee anywhere from 800-1200 commercial/registered cow operation and keeps a crew hopping. They just chopped around 200 acres of corn just up the road from me in the last few days. She and her son has land here everywhere as her son made well with factories making medical supplies (Debusk/Deroyals Industries). She drives everyday by herself and is still active in the farming business. Just a few short years ago she ran a crew and put out 40-50 acres of tobacco also. When she is gone there is nobody else to keep it going.
 
Dave said:
One thing I notice that people who live long have in common is they get out and move every day. My grandma who lived to be 93 lived in town the last 45 years of her life. She had it figured out how many times she had to walk back and forth on her block to walk a mile. Every day rain or shine she walked at least a mile. And she lived in Tacoma Washington where it rains pretty often. There is a 90 year old gal here who works as hard as most men. She has 200 ewes and a couple hundred cows that she cares for every day. Use it or lose it.

That's one reason I always try to include the wife when doing chores.
 
Stocker Steve said:
Dave said:
One thing I notice that people who live long have in common is they get out and move every day. My grandma who lived to be 93 lived in town the last 45 years of her life. She had it figured out how many times she had to walk back and forth on her block to walk a mile. Every day rain or shine she walked at least a mile. And she lived in Tacoma Washington where it rains pretty often. There is a 90 year old gal here who works as hard as most men. She has 200 ewes and a couple hundred cows that she cares for every day. Use it or lose it.

That's one reason I always try to include the wife when doing chores.
she's lucky to have such a thoughtful hubby
 
ClodHopper37869 said:
sstterry said:
I am buying $10 worth of lottery tickets every week!
(I am sure it will be my turn to win soon)

Yep,me too, I make a IRA contribution every week at the 7-Eleven!

I have a friend who is a self made millionaire. He says that the lottery is a tax on people too stupid to do math.
 
ccr said:
Stocker Steve said:
Dave said:
One thing I notice that people who live long have in common is they get out and move every day. My grandma who lived to be 93 lived in town the last 45 years of her life. She had it figured out how many times she had to walk back and forth on her block to walk a mile. Every day rain or shine she walked at least a mile. And she lived in Tacoma Washington where it rains pretty often. There is a 90 year old gal here who works as hard as most men. She has 200 ewes and a couple hundred cows that she cares for every day. Use it or lose it.

That's one reason I always try to include the wife when doing chores.
she's lucky to have such a thoughtful hubby

That's what I say. :cowboy:
 
I've heard that about the lottery. I figure since I don't smoke, chew, drink and hardly ever even chew gum, buying a lottery ticket isn't the worst thing in the world. I know I haven't won back what I've spent, but I keep hitting a few little 2 and 5 dollar times to keep it interesting. I don't play every week, just when the mood hits. I am sure not counting on it to be my retirement. Several in this area have won over the years, so good for them. One neighbor won something like 200,000 on a scratch off....
 
farmerjan said:
I've heard that about the lottery. I figure since I don't smoke, chew, drink and hardly ever even chew gum, buying a lottery ticket isn't the worst thing in the world. I know I haven't won back what I've spent, but I keep hitting a few little 2 and 5 dollar times to keep it interesting. I don't play every week, just when the mood hits. I am sure not counting on it to be my retirement. Several in this area have won over the years, so good for them. One neighbor won something like 200,000 on a scratch off....

Neighbor east of me won 20 something million from Louisiana lotto a few years back. Took them about five years to end up dead broke. Lawyer owns it now. Moral of the story as a leading economist I once heard say, if you can't manage a little you have no hope with a lot.
 
Caustic Burno said:
farmerjan said:
I've heard that about the lottery. I figure since I don't smoke, chew, drink and hardly ever even chew gum, buying a lottery ticket isn't the worst thing in the world. I know I haven't won back what I've spent, but I keep hitting a few little 2 and 5 dollar times to keep it interesting. I don't play every week, just when the mood hits. I am sure not counting on it to be my retirement. Several in this area have won over the years, so good for them. One neighbor won something like 200,000 on a scratch off....

Neighbor east of me won 20 something million from Louisiana lotto a few years back. Took them about five years to end up dead broke. Lawyer owns it now. Moral of the story as a leading economist I once heard say, if you can't manage a little you have no hope with a lot.

My best friend in High school. Hunting and fishing partner for years won the Washington State lottery in 1990. 13.75 million. He is dead broke and has been for about 15 years. Living on very small SS and a tiny pension. Was 40 when they won the money so he quit working. Stopped building SS and pension. Between the IRS, several wife, and booze the money is long gone. A couple years ago I gave him half a beef to help him make it through the winter. The first year after winning it was hooray I can go hunting and fishing all I want. The second year or so it was It is Wednesday and all my friends are at work. But every one at the bar was happy to see him no matter what day it was or the time of day.
 
Yeah, you hear stories all the time about people who win and then lose it all and are worse off than before. A farmer here won something like 5 or 8 million about 10-15 years ago. He retired from his full time job, but is still farming, does custom baling and stuff, buys and sells some equipment, buys feeders, and then sells them after they get to a his target weight. The neighbor who won the 200,000 had to pay off taxes and stuff against some family property that he inherited and still works but at least is more comfortable. Didn't go out and spend it all at one place type of thing.
I cannot imagine spending and going through millions of dollars like that. Guess I am too conservative. I would have a housekeeper though, as I would rather be in the barn, than dusting in the house!!!!!
 

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