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jeiber

Study: Americans Too Confident About Retirement Planning

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In the 1950's we had 16 workers working to support every 1 retiree in the social security system. Like a wing loading, it was 16:1

Right now it's approx 3.3 to 1.

Under the current system, today's 30-year-old worker will face a 26% benefit cut when he or she reaches normal retirement age.

And that's the good news........lol :P

Imagine this scenario:
Let's say your married or have a SO, and you both retire at 65 and live to be 85 together. 20 years x 365 days x 3 meals a day= 21,900 meals you will each eat in your retirement years. Fogetting the high end "In before 4pm - Seniors Dinners" at the local restaurant, if most of your meals are grocery store home cooked (most economic) meals, your looking at an average cost of $5 per meal per person.

21,900 x 2 (people) x $5 per meal = $219,500

$219,500 your gonna spend just on food in your retirement years (and that's in today's dollars). Who's got 1/4 million dollars under the mattress for dinner? :S

--
My other ride is a RESERVE.

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As long as you don't mind sharing me!



HA! Like that's gonna happen. :P

Believe me, you wouldn't have enough energy for another woman once I got done with you. ;)
She is Da Man, and you better not mess with Da Man,
because she will lay some keepdown on you faster than, well, really fast. ~Billvon

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As long as you don't mind sharing me!



HA! Like that's gonna happen. :P

Believe me, you wouldn't have enough energy for another woman once I got done with you. ;)



Whew~ now that gave ME shivers.... :)

g

Raddest ho this side of Jersey #1 - rest in peace brother
Beth lost her cherry and I missed it
.... you want access to it, but you don't want to break it.

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I think I see "Wal-Mart Greeter" in my future.



You might see some early retiree's there, too. Finding affordable medical insurance for those under 65 and retired is nearly impossible. Many go work for Walmart just for the insurance.

My hunny has a family friend who was a successful salesman in his day. I don't really know why he didn't figure out the health insurance part, but for whatever reason he now works in the sporting goods department at Walmart for the health insurance benefits. The funny part was a teen sales manager sending him home one day when he was on the verge of selling more than $1k worth of sports equipment but did not stop to take his 15-minute required break.[:/]:D

Sucks. But it's a funny story.:P
Paint me in a corner, but my color comes back.

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...and I don't even have to learn Yiddish!:ph34r:





***


It's just so EASY for you women!:|


I have to concern myself with~ market trends, return on investments, nontaxable liquidation of assets, projected life expectancy...[:/]

Thank God I took that savvy advise a while back, and went from real estate and mutual funds to
'Wax Lips' futures...:)
A little 'heads up' investing and you too can be SET FOR LIFE!B|

('course...I'm learning Yiddish too...just in case!):ph34r:










~ If you choke a Smurf, what color does it turn? ~

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I'm counting on Social Security.



Awesome!

I'm going to win the lottery.

:D

Seriously, there was some research that showed people actually DO plan on winning the lottery to retire[:/]



I think I'll just get by on my good looks! :D
Goddam dirty hippies piss me off! ~GFD
"What do I get for closing your rig?" ~ me
"Anything you want." ~ female skydiver
Mohoso Rodriguez #865

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if most of your meals are grocery store home cooked (most economic) meals, your looking at an average cost of $5 per meal per person.

Hell, I can feed my family prime rib for that price. You can eat a lot cheaper than that. :)
I think I could live on $5 of food a day.

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