Retired vs Working Monthly Income

[ThomWV]

Poll question: Retired vs Working Monthly Income

How much do you bring home a month, and are you working or retired. I'll bracket it as best I can.

[Deja Q]

1. How about variable incomes (contracting work, drug dealing, hookers, et cetera)?

[ThomWV]

2. I leave it to you to average out your own humps, bumps, and dumps in life

[Warpy]

3. Retired, pulling in more than twice what I did when I was working

thanks to a surprise my dad left me when he died 3 years ago.

If anybody wants to know why the economy remains in the toilet, think about what I just said.

I spent a lifetime on depressed wages, unable to save. Our financial problems are because it's a house of cards built on debt, with nothing at all supporting it at the bottom but hot air and wishful thinking.

Good jobs with good wages mean prosperity for the greatest number of people. It means the rich get richer much more slowly, something they have a great deal of difficulty tolerating. It seems they have to be reminded periodically that their income will sputter and die without people at the bottom with money to spend.

No amount of government help will allow a business to survive if it has no customers.

[liberal N proud]

4. The probability of retirement went out the window this week

Our company froze our pensions and will not offer anything going forward.

I realize that our company was becoming a minority in still offering a pension and not surprised at its demise considering the last few years.

But here is the problem, you work for this company for 25 years planning for the future based on what they tell you are part of your benefits. You stayed there even when the wage was at the lower end of average for the work you do because it is a good place to work, stable and the benefits they offer.

25 years of assuming (Yes I know what you get when you assume) and they pull the rug out from under you. Now begins the task of figuring out what I can do to have enough to live on in retirement.

I never planned on not working in retirement but I was hoping it could be something that relaxing and maybe something in the line of volunteering. Don't know if that can happen now.

One more nail in the coffin of the American Dream for me.

[livetohike]

5. Other - quit working young with no pension from anywhere

and are living off our savings. Still too young for social security (five years away). We draw from our accounts as needed and are trying to limit our expenses. We may have to find some part-time work.