Home Forums Hunting & Shooting Hunter's Campfire There’s No Quick Fix for This Alarming Retirement Dilemma

Why do people have to be at the mercy of Wall Street when it comes to their retirement? I don't see a problem with higher interest rates, then again I don't live my life in debt up to my eyeballs.

Elections have consequences.



I won't be here to support them. Phfffft!



It's the land of opportunity, not guarantees.



I'm not one of them. Suck it up.......



BTDT. Buy some hooks, catch a fish, stop whining.



Darwin is my hero. Besides, in 75 years $328K will be beer change. Champagne will cost a lot more.

I'm sure that would be illegal for some fuggin reason. Almost everything fun is.

Not sure way all the adversity towards wall street. Yes it dropped a lot in 2008, and it has before and will but has fully recovered. Over time it has paid off very well.
If you can set aside money in a near zero interest account, you can set it aside in stocks bonds and other such investments, and be far better off.

You do realize stocks can and do go to zero?

Many believe the bond bubble is ready to pop.

How many people in mutual funds have lost ground due to management fee's etc...

DD and Ed M should be listened to by those who would whine.

I have been financially independent since 2000. I was rescued from retirement by 9/11 and became addicted again to working w/ young people w/ a mission. I retired for good 6 weeks ago and can now enjoy it.

Anyone w/ good credit can borrow at a rate lower than what can be earned w/ smart investing. This is still a country w/ amazing opportunities and great tax shelters for those who pay attention.


mike r

Not everybody wants their future at the mercy of Wall Street. The game is setup, you're going to give your money to them to play with or plan on earning less than 1% On your money .

Of course you are correct and I have employed that very strategy myself and retired at a young age.
My point is the bigger picture and the well being of the average person.
There is little doubt in my mind the country is going economically down hill at a rapid pace.

Cheap and easy credit has a huge price, nothing is free.

Republicans love to whine about redistribution of wealth thry the tax revenue system but Wall Street was saved by dropping the interest rate which has done nothing but rape the savers and coupon clipping widows out of billions of earnings and put It in the pockets of equity investors most of them institutional investors.If that isn't a redistribution of wealth then I don't know what is.

They have an old saying that goes something like this...

"Do what the others aren't doing when you're young, so you don't have to do what they're doing when they get old."

This might include getting a good education, taking the risk of starting a business, dedicating your youth to the service of others or just saving your money.

Yeah, it goes down, and then it goes back up. Problem is, if it goes down after you've set up your draws for retirement income, you can end up living off your principal. Unless you're really well fixed or can go back to work (ugh!), it's hard to recover from that.

When I retired, I could have taken a lump sum and rolled it into an IRA, or taken a pension. I took the pension because I didn't want to dread hearing the financial news every day. Maybe an IRA would have made me a bit better off, but I sleep better with the pension. One of my friends took the lump in 2000, invested wisely, and even after drawing out a fair chunk over the years, has more money than he started with. But he also has worked for the majority of that time so his "retirement" is really in name only. He just hired out again, at age 66, just because the money's so good for what he's doing that he feels he can't pass it up. I'd rather fish and hunt.

you haven't been in some of the bars i have been in, they could do wonders with a rolled up dollar bill.

it isn't wall street setting interest rates, it's the fed.

another wrong one, during the depression many banks failed, the bigger companies survived just fine.

There is a lot of talk about how we are leaving the next generation in tremendous debt etc. however there is almost no discussion about how they will be the beneficiaries of everything we ( baby boomers) own because as they say a shroud has no pockets. The intersting thing is how all of our stuff will flow to the next generation. Will someone buy your $250,000 house for $150,000 because of devaluation, or will you spend your entire net worth on health and longevity term care as you age. Will the govt enact stringent estate taxes to pay off the debt? There are thousands of scenarios out there and none of the great financial gurus and economists have a clue or even seem to have recognized the fact that over the next 25 years there is going to be the greatest inter generational transfer of wealth in history.

If you think the low interest rates are killing retirees, wait until the ramifications of quantitative easing begin to kick in. Work, save, invest all your life and watch government steal your money's value to buy votes from shiftless layabouts.

Einstein is (arguably) attributed s saying "Compound interest is the most powerful force in the universe". Regardless as to who said it,it is a true statement. Save as much as you can, as early as you can and in low cost investments.

Soylent Green.

This. I just refinanced my home at 3% for 15 years. With my interest deduction I am looking at 2ish% money that is available to invest and make good money with. Like I said, "for many folks", not all.

Yep, house, vehicles, etc… everything is paid for. Still costs me $800/month in taxes and insurance just to live and breathe. Actually it's more than that, but I don't want to be accused of exaggerating.

Income tax runs almost $1000/month for two retired educators pension checks.

Anyone with some property within walking distance to a town water supply will be able to rent out tent space by 2050.

Alan