Comments for My Budget 360 http://www.mybudget360.com Tue, 26 Aug 2014 17:08:42 +0000 hourly 1 http://wordpress.org/?v=3.9.2 Comment on New definition of retirement = work until you die: Half of Americans have little to no savings for what will likely be a long and drawn out retirement. by Guss http://www.mybudget360.com/definition-of-retirement-baby-boomer-retirement-plans-average-401k/#comment-302676 Tue, 26 Aug 2014 17:08:42 +0000 http://www.mybudget360.com/?p=5796#comment-302676 I am pleased to see this post and article. It reminds me of the very same article I posted back when TWEETs, FACEBOOK, and all the other IT tools were not so prominent.
I stated the very same notion about the lack of financial planning and how many, many retirees were going to get caught in this this trap. It was when I recognized the fall of pension funds program and how we fail to save. However, I did not make any consideration for the recession. This has caused a much greater impact on retirees, myself included, as I never planned on taking care of an ill parent who had contracted a disease that was not prevalent in the early 2000′s.
Our world has changed and we must consider mechanisms that will allow us to cope with it, including how healthcare must address our needs.

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Comment on New definition of retirement = work until you die: Half of Americans have little to no savings for what will likely be a long and drawn out retirement. by laura m. http://www.mybudget360.com/definition-of-retirement-baby-boomer-retirement-plans-average-401k/#comment-302659 Tue, 26 Aug 2014 16:04:59 +0000 http://www.mybudget360.com/?p=5796#comment-302659 I know some working past retirement age. Many cannot manage money and /or don’t select a competent financial adviser/ or waste money on slacker adult children who have to be bailed out of situations. Many just can’t quit spending living beyond their means. We took early retirement and recently started withdrawing the 401k. We are a child free couple and both of us worked. Now days being child free is savvy. Some I know in their 30′s and 40′s will do likewise.

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Comment on New definition of retirement = work until you die: Half of Americans have little to no savings for what will likely be a long and drawn out retirement. by CX http://www.mybudget360.com/definition-of-retirement-baby-boomer-retirement-plans-average-401k/#comment-302623 Tue, 26 Aug 2014 12:46:43 +0000 http://www.mybudget360.com/?p=5796#comment-302623 this reinforces the view of a long term deflation environment where the vast baby boomer generation sells what they have to survive and buys less and less. The recent generations seem to be in collage debt and move to a shared asset model instead of an owned asset model. Cash may go up in value.

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Comment on New definition of retirement = work until you die: Half of Americans have little to no savings for what will likely be a long and drawn out retirement. by Voice of Reason http://www.mybudget360.com/definition-of-retirement-baby-boomer-retirement-plans-average-401k/#comment-302513 Tue, 26 Aug 2014 02:28:41 +0000 http://www.mybudget360.com/?p=5796#comment-302513 Can someone please explain to me how anyone can really plan for the future when there are very real threats that our savings could be drastically reduced by any or all of the following. A) A collapse of the US dollar due to reduced international demand. B) A devaluation of the dollar due to an international currency reset. C) A bank “Bail in” as approved by the FDIC under Dodd-Frank where 30%+ of money market and savings are stolen. D) Political plans to create “MyRAs” requiring everyone to own worthless US Treasuries. E) Theft of wealth through inflation and misleading economic indicators. F) Zero interest rate policy forever so savers cannot live off their interest but must spend their principal to survive. G) when the SEC claims that all markets are manipulated and your not an insider.

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Comment on New definition of retirement = work until you die: Half of Americans have little to no savings for what will likely be a long and drawn out retirement. by James http://www.mybudget360.com/definition-of-retirement-baby-boomer-retirement-plans-average-401k/#comment-302499 Tue, 26 Aug 2014 00:46:31 +0000 http://www.mybudget360.com/?p=5796#comment-302499 Why Save?? The government will then steal it and the Federal Reserve will print and print with ZIRP and the savings will be the same place where the non savings persons are. WITH NO RETIREMENT. We are forced all our working lives to pay into Social Security which the government steals for the nonworkers and disability frauds, ( not all are frauds but the majority are) who did not pay a dime into the program. Then they say our forced payments are renamed Government Benefits. What a fraud the government is..

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