How are people going to survive retirement these days?

[Braveheart82]

I love looking at stats but these kind of stats are scary:

Retirement Account Balances by Income: Even the Highest Earners Don't Have Enough

For people ages 50-64, of those who earn more than 52k which make up the 75-100 percentile, the median is only 52k. That means HALF have less than 52k. The whole point is to live off INTEREST of your nest egg but 4% of 52k is not very much. I have no idea how seniors are going to survive.

 

[NVRBDR]

There's more than one way to skin a cat... residual income is the choice for me.

 

[Swiper]

gold

 

[Curt James]

Googles living in honduras.

 

[Zaphod]

I have guns. I can make up for any shortcomings.

 

[ebn2002]

I work with these people daily. 99% of the people I meet are in this situation and will work forever, or retire and realize their shortfall and become a greeter at wal-mart or something because they are too old to be traditionally employed and want too high a wage.

People that are 58 and have $100,000 in savings and want to know how they can retire at 62 and then look at me with disgust when I tell them how bad their scenario is, then they say "well we will go to someone else who can tell us how to draw $20,000 a year for 30 years off a $100,000 account" I'm like sure but I thought Madoff was closed to new investors.

 

[Big Pimpin]

Their living like a nigger for 40 years doesn't constitute an emergency on my part. I wish them well in their future as a Walmart door greeter.

 

[LAM]

Their living like a nigger for 40 years doesn't constitute an emergency on my part. I wish them well in their future as a Walmart door greeter.

racial slurs are indicative of those with very limited vocabulary's and intelligence.....

 

[LAM]

I love looking at stats but these kind of stats are scary:

Retirement Account Balances by Income: Even the Highest Earners Don't Have Enough

For people ages 50-64, of those who earn more than 52k which make up the 75-100 percentile, the median is only 52k. That means HALF have less than 52k. The whole point is to live off INTEREST of your nest egg but 4% of 52k is not very much. I have no idea how seniors are going to survive.

retirement was never meant to be for the working class only for those in the top 20% and up...just another illusion perpetrated by the US gov on the average American worker. baby-boomers make up almost 1/3 of the US population right now and almost 50% of them have ZERO for retirement.

every time the stock market takes a hit those in the working class always make out the worst and there will be several more crashed coming in the near future. those at the top have more avenues of investment and can move their capital more freely depending on where the highest return can be achieved. the global economy is highly unstable and mostly due to credit default swaps and derivatives and other financial deregulation and "innovation" that occurred in the 80's.

 

[troubador]

racial slurs are indicative of those with very limited vocabulary's and intelligence.....

The misuse of apostrophes isn't though.

 

[Curt James]

And like it matters anyway.

Illuminati 2012 End of the World Conspiracy Predictions - YouTube

^^^^ Fwiw, according to Snopes.com there's no record of Einstein making any comment about honey bees related to human extinction (quote appears in first few minutes of video). I wouldn't rule out a major event that would decimate a large portion of the world's population, though.

 

[Curt James]

The misuse of apostrophes isn't though.

lol

No.

But then neither are racial slurs. Slurs or any statements, for that matter, are simply choices. Poor choices, imo, but no sign of a limited vocab nor of a lack of intelligence.

 

[Curt James]

Illuminati 2012 End of the World Conspiracy Predictions - YouTube

Ffwd to 10:00 if you love conspiracy theories.

There's mention of RFID chips being implanted in passports. Did that ever happen? This article from 2005...

October 25, 2005 ​

Passports to get RFID chip implants

By Declan McCullagh and Anne Broache
Staff Writers, CNET News

All U.S. passports will be implanted with remotely readable computer chips starting in October 2006, the Bush administration has announced.

Sweeping new State Department regulations issued Tuesday say that passports issued after that time will have tiny radio frequency ID (RFID) chips that can transmit personal information including the name, nationality, sex, date of birth, place of birth and digitized photograph of the passport holder. Eventually, the government contemplates adding additional digitized data such as "fingerprints or iris scans."

Over the last year, opposition to the idea of implanting RFID chips in passports has grown amidst worries that identity thieves could snatch personal information out of the air simply by aiming a high-powered antenna at a person or a vehicle carrying a passport. Out of the 2,335 comments on the plan that were received by the State Department this year, 98.5 percent were negative. The objections mostly focused on security and privacy concerns.

But the Bush administration chose to go ahead with embedding 64KB chips in future passports, citing a desire to abide by "globally interoperable" standards devised by the International Civil Aviation Organization, a United Nations agency. Other nations, including the United Kingdom and Germany, haveannounced similar plans.

In regulations published Tuesday, the State Department claims it has addressed privacy concerns. The chipped passports "will not permit 'tracking' of individuals," the department said. "It will only permit governmental authorities to know that an individual has arrived at a port of entry--which governmental authorities already know from presentation of non-electronic passports--with greater assurance that the person who presents the passport is the legitimate holder of the passport."

To address Americans' concerns about ID theft, the Bush administration said the new passports will be outfitted with "antiskimming material" in the front cover to "mitigate" the threat of the information being surreptitiously scanned from afar. It's not clear, though, how well the technique will work against high-powered readers that have been demonstrated to read RFID chips from about 160 feet away.

"The shielding in the passport is a physical device that basically, when the passport cover is closed, it's very difficult to read the chip," a State Department official, who did not wish to be identified by name, said Tuesday. The official was unable to provide details about the material's composition. The National Institute of Standards and Technology, which has been working to evaluate the chip's vulnerability to skimming, was unable to provide further information on Tuesday.

Privacy advocates told CNET News.com that the anti-skimming device was a decent start. But if the cover of the passport happens to be open, all bets are off, said Bill Scannell, a privacy advocate who founded the site RFIDkills.com. "They've built little baby radio stations into peoples' passports and covered it with concrete," he said, "but when the little hatch is open, you can still hear the music."

"It's better than nothing," Scannell went on, "but why take this risk?"In addition, the passports will use "Basic Access Control," a reference to storing a pair of secret cryptographic keys in the chip inside. The concept is simple: The RFID chip disgorges its contents only after a reader successfully authenticates itself as being authorized to receive that information.

Computer scientists, however, have criticized that encryption method as flawed. In a recent paper (PDF here), RSA Laboratories' Ari Juels, and University of California's David Molnar and David Wagner, warned that the design of the encryption keys is insufficiently secure. They said that the use of a "single fixed key" for the lifetime of the e-passport creates a vulnerability.

The Bush administration could face an eventual legal challenge. A letter to the State Department from privacy groups (PDF here) says there is "no statutory authority" for the RFID passport because Congress has not authorized it.

"Our point is, whatever Congress may have meant in giving the State Department authority to issue passports was probably to issue passports that were like the old passports," said Lee Tien, staff attorney for the Electronic Frontier Foundation, which co-authored the comments. "But at some point you are doing something that is significantly different, which should probably require some sort of additional congressional authorization. The argument is how broadly does that authority go, and honestly, it's something no one knows."

From Passports to get RFID chip implants - CNET News​

​

​

 

[LAM]

The misuse of apostrophes isn't though.

there are periods. and the use of multiple periods is very common in writing as it indicates a thought that is trailing off into nothingness.

 

[LAM]

lol

But then neither are racial slurs. Slurs or any statements, for that matter, are simply choices. Poor choices, imo, but no sign of a limited vocab nor of a lack of intelligence.

actually they are. just like those that tend to raise their voice, yell or use obscenities in conversation when they are not needed. when a person lacks the dialogue to intelligently make his/her point they typically resort to other means and slurs and obscenity are used to accomplish that. back in old England only the "common folk" or those in the underclass would use obscenities you would never hear such language out of a gentlemen or a lady.

 

[troubador]

there are periods. and the use of multiple periods is very common in writing as it indicates a thought that is trailing off into nothingness.

Yes, periods exist; that's not a conspiracy theory. Do you know what an apostrophe is? They also exist and the one in your sentence was misused.


ah, to have unlimited intelligence...

 

[Curt James]

there are periods. and the use of multiple periods is very common in writing as it indicates a thought that is trailing off into nothingness.

He said apostrophes, LAM.

racial slurs are indicative of those with very limited vocabulary's and intelligence.....

Vocabularies.

 

[Curt James]

racial slurs are indicative of those with very limited vocabulary's and intelligence.....

Perhaps I should focus on your use of the word indicative. -- adj 1. serving as a sign; suggestive indicative of trouble ahead

Thought you were making a blanket statement.

Were you?

actually they are. just like those that tend to raise their voice, yell or use obscenities in conversation when they are not needed. when a person lacks the dialogue to intelligently make his/her point they typically resort to other means and slurs and obscenity are used to accomplish that. back in old England only the "common folk" or those in the underclass would use obscenities you would never hear such language out of a gentlemen or a lady.

Old England? Well, let me be the first to introduce you to the year 2012. Plenty of intelligent people with impressive vocabularies use slurs, raise their voices, yell, and use obscenities in conversation.

I'm not defending the use of slurs, however if you're making a blanket statement that all people who use slurs have limited vocabularies and a lack of intelligence then you're wrong.

 

[IronAddict]

How are people going to survive ? Through prayer!

God would do anything to salvage souls from heides place.

Just vote Republican.

It's what Jesus himself would do.

Dopes.

 

[IronAddict]

And before some pious mother fucker comes on here interjecting their philosophy and tries to enlighten me, fuck you!

 

[NVRBDR]

retirement was never meant to be for the working class only for those in the top 20% and up...just another illusion perpetrated by the US gov on the average American worker. baby-boomers make up almost 1/3 of the US population right now and almost 50% of them have ZERO for retirement.

every time the stock market takes a hit those in the working class always make out the worst and there will be several more crashed coming in the near future. those at the top have more avenues of investment and can move their capital more freely depending on where the highest return can be achieved. the global economy is highly unstable and mostly due to credit default swaps and derivatives and other financial deregulation and "innovation" that occurred in the 80's.

This is your theory^^^

Retirement can be for everybody, some achieve it, some do not. You dont need the stock market or government to do it.

 

[NVRBDR]

And before some pious mother fucker comes on here interjecting their philosophy and tries to enlighten me, fuck you!

Do not worry, or get your self upset, You're in no danger of being enlightened.
However, according to lam, "you're of limited vocabulary and you lack intelligence" so you may want to reconsider your philosophy on life

 

[IronAddict]

You religeous motha fuckers can't tell me what Lam said. And you can't tell me what jesus said.

All you can tell me is your nonsense, you mother fuckers....

 

[IronAddict]

Do not worry, or get your self upset, You're in no danger of being enlightened.
However, according to lam, "you're of limited vocabulary and you lack intelligence" so you may want to reconsider your philosophy on life

Mope! I think he was refering to your pious ass, dummy.

And romney villifies your stupidity.

 

[Curt James]

Good golly! So much swearing. I moved this vile thread to Anything Goes.

 

[IronAddict]

Good golly! So much swearing. I moved this vile thread to Anything Goes.

My man, Curt.

 

[Big Pimpin]

It was a figure of speech for crying out loud. Maybe it was inappropriate but that's beside the point.

Back on topic. Lets discuss how the baby boomers (for the most of their lives) saw record home appreciation, record stock market growth, record wage increases yet most don't own a pot to piss in or a window to throw it out of.

Lets not forget either a decent percentage of the younger babyboomers retired with pensions still intact.

Fwiw: the baby boomers i know that are well off on modest income careers didn't trade up cars every three years and houses every five to ten years.

Im talking about working class boomers leave the food stamp recipients out of this argument.

 

[heavyiron]

I don't understand lazy asses who want to retire. I'm working every day the rest of my life because I like work.

 

[Rednack]

I don't understand lazy asses who want to retire. I'm working every day the rest of my life because I like work.

You'd like a lump over the head, if you could
find someone big enough to give you one..

 

[tommygunz]

Good golly! So much swearing. I moved this vile thread to Anything Goes.

Don't make Curt wash yer mouth out