General Discussion

kelly1mm

(5,756 posts)

83. Although too late for you unfortunately, this can be avoided by seting up family trusts.

Reply to glinda (Reply #79)

Wed Aug 27, 2014, 12:11 AM

Aug 2014

They are not JUST for rich folks now-a-days.

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Shocking Picture of What Life Will Look Like When You Can't Afford to Retire [View all] xchrom Aug 2014 OP

Save all you can now, because you might be busting your ass LuvNewcastle Aug 2014 #1

I have a neighbor who's retired and he lives a pretty good life. bulloney Aug 2014 #6

that is an example of most of the problem heaven05 Aug 2014 #11

He must think Eisenhower or Nixon is still President rpannier Aug 2014 #13

You'd think he'd be worried AT LEAST for his own kids. Smarmie Doofus Aug 2014 #17

people are selfish, selfish, selfish rurallib Aug 2014 #20

I don't get that at all. Arugula Latte Aug 2014 #35

Your neighbor is a stupid fucking moron, as I assume you know BaggersRDumb Aug 2014 #51

Truth. n/t Laelth Aug 2014 #92

my retirement plan is to live in a camper or boat. Heather MC Aug 2014 #28

You could do a lot worse than that. navarth Aug 2014 #32

And you don't want to pay taxes. SheilaT Aug 2014 #60

My point was... Heather MC Aug 2014 #64

I found a nice 24 footer, perfect for a solo traveler. sarcasmo Aug 2014 #61

Most people are lucky to get out of debt these days Warpy Aug 2014 #52

Well said. n/t Laelth Aug 2014 #93

Message auto-removed Name removed Aug 2014 #63

k&r for the truth, however depressing it may be. n/t Laelth Aug 2014 #2

Livin la vida loca! :( Helen Borg Aug 2014 #3

Living la vida pobre, you mean. Brigid Aug 2014 #88

Yep. Helen Borg Aug 2014 #91

It's nice to read a job or career article Trillo Aug 2014 #4

If we leave it up to Paul Ryan and his ilk the elderly won't even have Social Security to rely on. Enthusiast Aug 2014 #5

It's not just Republicans and Libertarians that got us into the mess. cui bono Aug 2014 #42

There are some decent Democrats. Few wonderful ones. And no decent Republicans. Enthusiast Aug 2014 #43

Bingo! RiverLover Aug 2014 #74

'cause if we don't GOTV for the Dem Catfood Commission we'll face the GOP Catfood Commission! MisterP Aug 2014 #47

I will read that later. Bookmarked. Enthusiast Aug 2014 #48

it's a very good analogy--and it gave Canada its third party without proportional representation! MisterP Aug 2014 #50

That is excellent, MisterP. Thanks. Enthusiast Aug 2014 #57

Tommy Douglas was voted Greatest Canadian of all time. Manifestor_of_Light Aug 2014 #53

Getting old isn't easy. In_The_Wind Aug 2014 #7

Yes, I have been saying lately that getting old sucks. RebelOne Aug 2014 #62

K&R for EXPOSURE ReRe Aug 2014 #8

good old heaven05 Aug 2014 #9

could be me... KG Aug 2014 #10

If these corperate tools have their way JackInGreen Aug 2014 #12

Isn't ND like that already? glinda Aug 2014 #78

And a LOT of 40-50 somethings are counting on an inheritance for THEIR retirement. 7962 Aug 2014 #14

+100000 Meanwhile, the corporate looting and restructuring of the economy woo me with science Aug 2014 #22

That inheritance will go to elder care. They shouldn't plan on inheriting. navarth Aug 2014 #33

Agreed. For most, assets will go to elder care, until it is gone. SomeGuyInEagan Aug 2014 #45

Or for those that took the time to put their assets in a family trust WELL before needing any kelly1mm Aug 2014 #82

Exactly Yo_Mama_Been_Loggin Aug 2014 #68

true true...I have been dealing with this glinda Aug 2014 #79

Although too late for you unfortunately, this can be avoided by seting up family trusts. kelly1mm Aug 2014 #83

I see this, too. They might join their millennial kids and be satisfied with lower living standards. ancianita Aug 2014 #44

hey, some of the units in that pic are worth a few 100K! 7962 Aug 2014 #58

Good point! glinda Aug 2014 #80

What a mess malaise Aug 2014 #15

What a looting. nt woo me with science Aug 2014 #23

New book about this should be titled--"The Gramps of Wrath" kairos12 Aug 2014 #16

I've caught flak here before Abouttime Aug 2014 #18

+ 1 and Welcome.... russspeakeasy Aug 2014 #21

that would be a sad mistake. Soc sec would then bbgrunt Aug 2014 #25

Correct. JEB Aug 2014 #26

Agree, cap should be lifted. But government projections indicates that solves only part of problem. Hoyt Aug 2014 #37

What GOVT projections? salib Aug 2014 #65

You could look it up yourself, but just for you -- Hoyt Aug 2014 #70

According to those links, it is solvent beyond 2080 salib Aug 2014 #71

Isn't going to pass, and as posters aboce say, it's not a good idea to means test. Hoyt Aug 2014 #73

The correct response JackInGreen Aug 2014 #85

That would end Social Security--And spur riots like ballyhoo Aug 2014 #29

Really, really dumb idea. jeff47 Aug 2014 #31

If you want to check out what happens to welfare programs daredtowork Aug 2014 #38

The sooner unrest comes the sooner we'll reverse direction. Doremus Aug 2014 #40

Sad K&R. At least my kitty doesn't need a lot of space. bullwinkle428 Aug 2014 #19

This is *exactly* the problem that Social Security solved hootinholler Aug 2014 #24

My retirement plan: parkbench. JEB Aug 2014 #27

Sad but true that some elected Democrats actually tried to reduce, rather than increase SS. Autumn Aug 2014 #30

I think we are being prepped. louis-t Aug 2014 #34

You either increase Corporate Profits for someone or get the cage, lovely future. harun Aug 2014 #41

Teaching that uppity Middle Class a lesson. navarth Aug 2014 #36

My husband and I used to do that when he retired. Cleita Aug 2014 #39

I'm in my mid-40's... DeadLetterOffice Aug 2014 #46

Agree on the job security and lifetime employment meaning nothing to our generation. kelly1mm Aug 2014 #84

A lot of people -- younger ones -- have come to accept this and support each other in this life. ancianita Aug 2014 #49

Well at least with floods and frackquacks a person can relocate ... glinda Aug 2014 #81

!!!!! Brigid Aug 2014 #87

That's absolutely sensational for them JackInGreen Aug 2014 #86

I can definitely see that happening. ancianita Aug 2014 #89

If it gets bad for us after retirement... proReality Aug 2014 #54

That's grim and pessimistic and... JackInGreen Aug 2014 #90

kick Liberal_in_LA Aug 2014 #55

Can I interest you in a slightly used FEMA trailer on water front property? L0oniX Aug 2014 #56

This is why many choose to retire in other countries Texano78704 Aug 2014 #59

Ecuador is the rage now, I've read. WinkyDink Aug 2014 #67

There are something like 400,000 madville Aug 2014 #69

OMG; I have never heard of these new roving Hoovervilles, and I live near an Amazon warehouse. I am WinkyDink Aug 2014 #66

Buy when a Dem is in the White house, sell when a Rep wins the white house. alfredo Aug 2014 #72

well this is depressing.... glinda Aug 2014 #75

unless something changes tabbycat31 Aug 2014 #76

Our plan... cannabis_flower Aug 2014 #77