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I don't think traditional retirement savings is going to work

Discussion in 'Financial Cents' started by oil pan 4, May 14, 2018.


  1. oil pan 4

    oil pan 4 Monkey+++

    When you study something every single day for years you kind of learn it.
     
  2. oil pan 4

    oil pan 4 Monkey+++

    I will be looking for #slothfarmer
     
  3. Cruisin Sloth

    Cruisin Sloth Special & Slow

    Learning still , Long gloves to check up the cow for placement was fun , Better than a drug needle with REAL crap
     
  4. Ganado

    Ganado Monkey+++

    @Cruisin Sloth what the H3ll does palpating a pregnant cow have to do with retirement? Did you post on the wrong thread.... again? :ROFLMAO:
     
    HK_User likes this.
  5. Cruisin Sloth

    Cruisin Sloth Special & Slow

    Nope , I can't afford to retire , so IM learning farming !!
     
    Motomom34, Gafarmboy and Ganado like this.
  6. oil pan 4

    oil pan 4 Monkey+++

    Multiplying cattle or some other live stock could be part of my retirement plan too.
     
    Gafarmboy likes this.
  7. HK_User

    HK_User A Productive Monkey is a Happy Monkey Site Supporter

    Be sure you pick a breed that can survive on hardscrabble land and has small calves. That applies to very few manipulated breeds of today.
     
  8. oil pan 4

    oil pan 4 Monkey+++

    Something that survives in a post apocalyptic land scape, which I already have, just need to populate it with animals.
     
  9. HK_User

    HK_User A Productive Monkey is a Happy Monkey Site Supporter

    And have them survive.
     
    Motomom34 and Tully Mars like this.
  10. Cruisin Sloth

    Cruisin Sloth Special & Slow

    We do Angus , Goats , Ducks ,Chickens , lamb could be next.


    S
     
    Motomom34 and Gafarmboy like this.
  11. oil pan 4

    oil pan 4 Monkey+++

    Out today driving to walmart I see these lifted up half ton pickups with mud tires that stick out 3 inches.
    These people must love spending thousands of dollars per year on fuel and buying sets of mud tires they probably can't afford every year to every other year.
    These people who turn living beyond their means into some sort of contest are the ones that will be voting for "government univeral retirement care" where you can still keep your old plan, but not really, unless money is no object.
    I'm planning to bring around 25k back under my direct control by the end of this year.
    And blow it all on hookers, cocane and booze lol.
     
    Gator 45/70 likes this.
  12. HK_User

    HK_User A Productive Monkey is a Happy Monkey Site Supporter

    That's going to be a short party.
     
    Gafarmboy and Tully Mars like this.
  13. oil pan 4

    oil pan 4 Monkey+++

    That's the point.
    If it's too big it will attract too much attention or the government will think something else is going on.
     
    Last edited: Jun 23, 2018
  14. oil pan 4

    oil pan 4 Monkey+++

    More bad news.
    I was watching fox business network and they were talking about a new trend showing that pensioners are going bankrupt at an alarming rate.
    Bankruptcy rates for people 65+ are up 300% from 10 years ago.
    They are the fastest growing bankruptcy demographic.

    Most of the blame is being placed on exploding health care costs.

    Unless you are retired or about to, retirement is dead.
    Just be prepared to work your self to death and live with your kids.
     
    Motomom34, Gator 45/70 and Zimmy like this.
  15. HK_User

    HK_User A Productive Monkey is a Happy Monkey Site Supporter

    Those few that I know who have gone bust have been those that went into retirement with a new car or two and mortgage.
     
  16. oil pan 4

    oil pan 4 Monkey+++

    And that's normal now.
    When i was a kid one of the prerequisites to retirement was having your house paid off, even if your house loan was nearly paid off and the payment seemingly negligible.

    Now we have couples in their 40s buying huge houses in with kids in their teens who are going to start moving out in a few years.
    Then a few years later these people are in their 50s with a 3000+ square foot empty nest that doesn't even have a dent in the original loan.
     
    Last edited: Aug 6, 2018
    oldawg, HK_User and Gator 45/70 like this.
  17. BTPost

    BTPost Stumpy Old Fart Snow Monkey Moderator

    Best to debt Free, BEFORE you retire, and you don’t take on any debt after you retire... Then if you have put away for the Future, like a Wise Old Banker, (My Father) counseled me... And you have learned to live within your means, you can live very comfortably on less than $20K a Year... and still go places, and do things...
     
  18. oil pan 4

    oil pan 4 Monkey+++

    I think the current system is designed to "work" by you living very spartan, pump every penny into your 401k, retire when 65ish and as long as the stock market is doing good, then live very spartan retired life.
    Or work till your 70s and live a little better for a shorter time.

    Seems communal living or multiple full time working adults per household is the only way to kind of get ahead.
    Problem with communal living is everyone who wants to do it is a lazy free loading slacker, so you might as well fight it out in the trenches so at least your peanuts are your own.

    When I was at Langley I rented out a third of our house to a mom and youngest son everything was great for like a year and a half to 2 years till her oldest loser son got kicked out of the army and needed a place to stay, need money, needed a job, needed a car, needed to get his shit together.
     
    Motomom34, Gator 45/70 and Zimmy like this.
  19. HK_User

    HK_User A Productive Monkey is a Happy Monkey Site Supporter

    [​IMG]
    Lawrence Sedita, a 74-year-old former carpenter, said he lost his health insurance about two years ago after his union changed the eligibility requirements. He and his wife filed for bankruptcy after living off of their credit cards for a time. Their financial difficulty “has drained everything out of me,” he said.CreditRoger Kisby for The New York Times
     
    Gator 45/70 and Zimmy like this.
  20. oil pan 4

    oil pan 4 Monkey+++

    I expect to work till mid 70s.
    Might as well get in that mind set now.
     
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