General Discussion

SWBTATTReg

(26,260 posts)

43. Thanks for putting this link up, informative...those already taking SS, this is a wake up ...

Sun Jun 17, 2018, 09:01 AM

Jun 2018

call, perhaps finally will be a major driver in the upcoming elections although it seems both parties are opposed 100% to each other's fixes. Maybe they'll finally come together and make a realistic and fair repair to SS.

I don't want to be negative, but this is (a repair to SS) doesn't seem to be in the works other than the repugs again trying to cut benefits again, w/o addressing funding requirements, e.g., have no caps on when SS taxes / Medicare taxes can be taken against earned income.

I'm just negative, I guess because one side is so warped in their manner of thinking and not interested in getting both sides of the true story about SS.

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Most millennials expect to retire at age 56 [View all] brooklynite Jun 2018 OP

Positive thinking I guess. JDC Jun 2018 #1

56 comes fast. JenniferJuniper Jun 2018 #2

75 comes even faster. shraby Jun 2018 #3

this is true Demovictory9 Jun 2018 #27

You must work before you can retire. democratisphere Jun 2018 #4

Or just getting out of your parent's basement. .... Throck Jun 2018 #5

Or just getting out of your parent's basement. LenaBaby61 Jun 2018 #19

That usually helps. leftofcool Jun 2018 #7

Wait till the redumbliCONS raise the social security age to 102. democratisphere Jun 2018 #20

If life expectancy is 130, Igel Jun 2018 #44

This Gen-Xer wishes them luck. Coventina Jun 2018 #6

Same, in every single way. DangerousRhythm Jun 2018 #25

Delusional on their part. roamer65 Jun 2018 #8

56 years of age is ancient old to a twenty year old. Baitball Blogger Jun 2018 #9

Too true dawg day Jun 2018 #11

lol. there is a saying. When young, the days go fast & years slowly, when old, the days go slowly Demovictory9 Jun 2018 #28

A 20 yo is not a millennial crazycatlady Jun 2018 #61

Actually, the definition seems to go back to 1980, which makes their retirement expectations quite a Baitball Blogger Jun 2018 #68

I'm a 1980 baby and refer to myself an an Xennial crazycatlady Jun 2018 #69

I thought I'd do that too-- dawg day Jun 2018 #10

That's interesting. My opinion is most millennials won't retire at all if they don't start getting ooky Jun 2018 #12

I am 52 and I guess we could retire in 4 years... GulfCoast66 Jun 2018 #13

Well bless their hearts. AJT Jun 2018 #14

The Homer Simpson retirement plan Yavin4 Jun 2018 #15

With the avg age of death in the US around the mid 70s that's not a bad idea but what's most likely uponit7771 Jun 2018 #16

They're sold on being a millionaire or becoming one by hitting the lottery. It's a control mechanism TheBlackAdder Jun 2018 #17

In related news, a horse talks to his owner, a coyote uses a rocket to try and catch a roadrunner, LastLiberal in PalmSprings Jun 2018 #18

Of the three DFW Jun 2018 #38

Go coyote mythology Jun 2018 #42

Most millennials will be unable to retire at all until they HAVE to OR at 70 the earliest CousinIT Jun 2018 #21

I remember when I was 27, thought retirement at 50 was a cinch. DFW Jun 2018 #22

You'll be surprised how your days fill up when your retire. brush Jun 2018 #55

Absolutely! former9thward Jun 2018 #58

That's what my wife said DFW Jun 2018 #70

Sounds like you're in a good situation so there's no need to rush... brush Jun 2018 #71

Ha ha ha ha ha ha ha ha ha!!! Initech Jun 2018 #23

i'd say they're probably not far off 0rganism Jun 2018 #24

I was 'retired' the day before my 58th birthday. SeattleVet Jun 2018 #26

And you have to have a job that pays you more than enough for normal living so you can invest diane in sf Jun 2018 #32

reality hits people around age 28, that they aren't going to be a rock star, baseball star or Demovictory9 Jun 2018 #29

Life expectancy at 56: men: 85, women: 88. Translation: that $million has to last 30 years progree Jun 2018 #30

Thanks for putting this link up, informative...those already taking SS, this is a wake up ... SWBTATTReg Jun 2018 #43

I don't expect to retire at that age... vercetti2021 Jun 2018 #31

No safety net. No retirement. Cattledog Jun 2018 #33

I'm a tailend Gen-Xer myself. But this survey sounds like BS to me. phleshdef Jun 2018 #34

Retired 16 years ago at age 52. safeinOhio Jun 2018 #35

I would consider not having kids being the "blessing"... brooklynite Jun 2018 #48

I know.. safeinOhio Jun 2018 #50

I wish I could invest in the lottery ticket business because it sounds like thats their plan TeamPooka Jun 2018 #36

Important Message for millennial republicans Achilleaze Jun 2018 #37

Many retired before even starting work lol. Tipperary Jun 2018 #39

Why do you think this one guy represents millennials? Mariana Jun 2018 #63

"53% expect to become millionaires" Baclava Jun 2018 #40

Not enough info here...but I believe it based on my own anecdotes cbdo2007 Jun 2018 #41

Hey, you can't be telling the truth like that here. nt. Mariana Jun 2018 #64

Well, where will they get health insurance? NT KatyMan Jun 2018 #45

I'm a boomer edhopper Jun 2018 #46

My wife currently plans to retire at age 59 brooklynite Jun 2018 #47

But most don't have that luxury edhopper Jun 2018 #57

I'm pushing 50 and my father retired at 55. aikoaiko Jun 2018 #49

Fox Business and TD Ameritrade? Seriously? shanny Jun 2018 #51

Perfectly achievable as long as you can get a house early on in life ansible Jun 2018 #52

lol OK ! stonecutter357 Jun 2018 #53

Statistics says that most people won't have enough money to retire at all VMA131Marine Jun 2018 #54

That's close to the retirement age in some countries Renew Deal Jun 2018 #56

If they eased off on the iced coffee and artisan cheeses it might be possible BannonsLiver Jun 2018 #59

I know quite a few Boomers who retired in their mid fifties. progressoid Jun 2018 #60

Tech and social media have warped perceptions wonkwest Jun 2018 #62

My husband plans to retire when he is 50 or 51... helpisontheway Jun 2018 #65

They might be able to if they never move out of their parents places. boston bean Jun 2018 #66

'Millennials may not have the best reputation for financial savviness' nini Jun 2018 #67

I'm Gen X. xmas74 Jun 2018 #72