Home Forums Hunting & Shooting Hunter's Campfire "Boomers" have dismal retirement investments.

I just feel sorry for them. They are not often prepared for reality when they finally have to face it.

The boomers I know don't necessarily believe in the goodness of government; they're just too self centered and absorbed to think of anything except their own "good" life and high times. Consequently, they spend all they get (and more too - i.e., debt) to save for the future.

Calvin is such a good and thrifty saver he managed to save enough to buy an Alaska commercial fishing permit for 60k plus and a commercial fishing boat, what does that cost 250k plus?

All this in 5yrs an an E-2 grade military pay?
That's amazing, we should all worship his investment advice!!

How much does the military pay?

Joel doesn't have the first [bleep] clue. But I'll be around when it happens, and I'll LAUGH and LAUGH.

Fortunately, I have read this thread and all those bad things will only effect the 'boomers'. But it is so refreshing to see people whining about others then the traditional groups.

True observation; a person with an otherwise good income can have the wheels come off through job loss, high medical expenses, children with developmental disabilities, etc. I have no problem with helping people in such situations, but I DO have a problem with helping those who always have a new car, a bigger (than they can afford) house, expensive vacations, etc.

The bottom line is to invest what you can, increase it when possible - but stay in the market. The earlier the better. As stated already, the power of compounding interest will reward the young investor who stayed focused.

Not even close.

Did you ever answer my question about how your life choices have made your life so great?

I'm sure you'll laugh, as it's the kind of person you are.. you play the sad little clown very well on here. We can see the pain though.

I'm sure I don't have the first clue as to make the decisions you have made in life. I've already said that. I've been very intentional to avoid living a life like you have. You've shown me nothing I'd aspire to or that I'd want.

Nice to see somebody with absolute control. lol

Frankly, you don't have a damned clue. There are huge swaths of this country that don't have the state paying them for the benefit of oil money that there is no way in Hell they can make $100k by that age, much less save it.

You're playing with numbers that simply don't work,

I can give you real life examples and ask you to tell me exactly how your math works, but I'll save you the effort by stating bluntly that it ain't possible.

Yours is a nice pipe dream, and yes, if possible is the way to do it. It just doesn't work in the majority of locales.

He reminds me of what they about Ozzy Osbornes son.

"It is very possible to make a million dollars if somebody gives you thirty million to work with.".

[bleep], pay me to live somewhere and it's damned easy to squirrel back some coin.

You.. can be a millionaire.. and never pay taxes! You can be a millionaire.. and never pay taxes! You say.. "Steve.. how can I be a millionaire.. and never pay taxes?" First.. get a million dollars.

Right? Some people make it on their own, and others have it given to them. The former seldom preach to others.

Ok so I was low on my estimate of the boat cost?
Again how did you save all that money in 5yrs on a military's man salary?

You sure like to tell others how they don't have the discipline to save etc...

You said in an earlier thread your grandfather made so much money in the stock market your kids would enjoy the fruit's of his investing!!

You are a hypocrite and a phony!, yet you have the gall to judge others, GFY

Could it reflect a lack of trust in the 401K system, i.e., their savings are elsewhere, i.e., undocumented?

The boomers I know don't have a pot to pee in. Driving leased cars, 30 year mortgages, credit cards charged with six month's worth of salary, 401K loans, you name it.

The only real money many of them have is the house they live in, and real estate saved their bacon for a few decades. Now, there's no more equity to refinance consumer debt with. Living within your means seems to be a lost concept altogether.

Setbacks can be real, and I had a few bad business ventures that basically ate up about 7 years of income. Those are easy to overcome, you drive an old truck, live in a modest house, and eat lots of ramen noodles for a few years. Things like long term illness or special needs kids are things that are simply not easy to overcome, financially. When the choice is to get your kid the care they need, or save, what are you going to do?

I am guessing if folks chose to invest a bit rather than buy big trucks, quads, boats, hunting leases and guns they might find life a bit better as they age. Sure see a lot of toys around here. Yep, choices.

Delayed gratification has worked great for me!
Now I can buy the toys and better yet I have time to use them.
Calvin's message is fundamentally correct, my point is he has no credibility.