UnThreaded | Threaded | Whole Thread (31) | Ignore Thread Prev | Next
Author: decath Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 726789  
Subject: Re: Millionaires, Billionaires, and Teachers Date: 12/12/2012 10:47 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
gingko
This is OTT hysterical. I know a certain percentage of our society is convinced The End Is Near, but this kind of apocalyptic speculation just gets in the way of sensible approach to living.

I think working and saving is better than not. You can do what you like. Don't work and don't save if you like. Me, I am saving lots as it will give me more options no matter what happens down the road. When and if something changes with those savings vehicles, I will adapt to that then. Meanwhile I have plenty to retire on. It does me no good in my day-to-day-life to see boogiemen behind every bush. I don't understand spending your whole life living in reactive fear. Life is too damn short for that nonsense.


Well, besides the few posts on this board, I don't exactly fret about it. I save, save, save as well....currently to the tune of about 30% of our combined income. I chip in another 6.5% of my income into an HSA account. I plan on retiring before I turn 60 without any income from any other source except my 401k, IRA and taxable investments.

OTT? Maybe. Hysterical. Not at all. I've worked and saved all my life and am darn close to being financially independent. This despite raising 3 kids with a SAHW most of our marriage on a slightly above average middle class income. I paid for my own college degree without any help from the gov't or family. I've never recieved one dime of economic out-patient care (see Millionair Next Door) from family. Same for DW.

so......

When democrat politicians start speculating on wealth confiscation from people like me, darn right I get a little defensive. Who wouldn't.

IMHO, anytime anybody in our currently 'free' society even suggests taking away the hard earned money of it's citizens to beef up failed government retirement programs.....they should be b!tch slapped big time.

I'm doing my job as a patriotic American. <g>

decath
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (31) | Ignore Thread Prev | Next

Announcements

Feste Award Winner Announced!
Congrats to the Winner of the 2013 Feste Award!
Post of the Day:
Berkshire Hathaway

Why Should Berkshire Hathaway Survive?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement