The Motley Fool Discussion Boards
Retirement Discussions / Retire Early Liberal Edition
|Subject: Re: Elder suicides rising in Korea||Date: 2/17/2013 11:27 AM|
|Author: telegraph||Number: 47944 of 74970|
alstro;"People making median or less income, especially when accompanied by some sort of tragedy, are likely to be unable to save enough for a good retirement."
So, who 'promised them' a 'good retirement'? Life is not always fair. Why should 'everyone else' have to always subsidize 1/4 of the population? And of course, half the people make median or less income, right? So .....what, we force the other half to give up their savings and assets to fund the other half? Is that what you are saying?
alstro:" Family member with serious medical/mental/emotional problems, below-average IQ or personality that prevents a good education or good skills acquisition and therefore good job, automation/off-shoring causing long-term unemployment at a critical juncture (like in one's 50s), making the mistake of buying a house or significant investments near the peak of a bubble, perhaps a personality that doesn't look toward the future and assumes that God or fate will provide."
Wow...that's a heck of a sentence...let's take it phrase by phrase...
'Below average IQ'...wow....what a liberal progressive weenie rant. Half the people in the country have a 'below average' IQ. Duh!...math challenged!...that is what average IQ is.....the 'middle'. ....
Success has little to do with IQ. Just look at your Hollywood stars and professional athletes who can barely put a sentence together yet make 200 million for a contract, or 20 million per movie. There are tons of 'millionaires' with below average IQ....
astro: That prevents a good education or good skills acquisition and therefore good job,
Wow...another progressive rant. Sorry, there are loads of folks in carpentry, cabinet making, welding, oil field work, mining, plumbing, heating and a/c, swimming pool construction and you name it.....that don't have IQ, but have managed to get job skills...maybe through years in the service...maybe through community college courses. Duh!.....
Half the businesses in this country are run by 'lower than average IQ' folks. Right?
alstro:" Or as SP likes to point out, a financially devastating divorce."
Can happen......so...choose wisely...
alstro:"I've known people who seemed well on the path of a secure retirement, when their efforts were sabotaged by long-term unemployment, abandonment by a spouse, theft of their savings by an unscrupulous investment advisor, long-term employer went under, taking their pension/retirement health care with it, victim of state government cut-backs just at a time when other employers have closed their doors."
Nearly everyone is backed up by the government with the pension guarantee board...... you might not get more than $55,000 a year in pension...but how many get a pension that big to start with?
Yeah...your health care in 'early retirement' can go away....or even after 65. So? Few get that benefit..... I didn't.
Everyone gets SS Medicare at 65 or if they worked 10 years in their lives...
alstro:"Would you be in such good shape if, instead of a significant inheritance, you needed to support elderly parents?"
Fortunately my parents were of a generatio