General Discussion
In reply to the discussion: AARP statement on Social Security Cut... NO!!!!!! [View all]Stonepounder
(4,033 posts)Let's see... lack of planning and foresight. Yeah, I lacked foresight when the tech bubble collapsed and I lost about 25% of my savings. I lacked foresight when my Enron stick became worthless. I planned for my company to sell itself and devalue the stock that I held. I planned to get transferred from Kentucky to Missouri just as housing prices collapsed and it took a year to sell my house in Kentucky (so a full year of double mortgage payments and insurance payments) and then when I finally did sell it, I was the one that had to bring money to closing rather than the buyer. (and no you pompous idiot, I did not have an ARM, I had a fixed rate mortgage from a local bank and no i didn't buy more house than I could afford.)
And the biggest lack of planning and forethought that I strolled blithely into was getting laid off from the company I had worked 20 years for when I was 60.5 years old. I lacked the forethought to not have chosen a career path that led me into a highly technical and highly specialized career path that resulted in my being too specialized in my knowledge to easily transfer into another job. Several hundred resumes later (who wants to hire a 60-year-old techno-geek?) and after my unemployment insurance ran out, I finally gave up and took my Social Security, and that's what I live on now.
So, take your "lack of planning or forethought" and just shove it where the sun don't shine. Oh, yeah, and you can take your "short term thinking" and put it right there beside it!