tag:blogger.com,1999:blog-8358039.post3538169662735300234..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Sorry Boomers, You'll Have to Work Past RetirementCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8358039.post-75381809085743604792012-10-10T20:01:48.475-07:002012-10-10T20:01:48.475-07:00I don't think every single boomer improperly s...I don't think every single boomer improperly saved for retirement. Some may have done all the right things and may have achieved a modest pension in addition to SS, but because of inflation they may have to work. Health insurance is probably beating them up the most. Maybe even taxes and insurance if they are lucky enough to have a paid home.<br /><br />sth_txsnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-44940571653161095502012-10-09T20:51:39.160-07:002012-10-09T20:51:39.160-07:00I figured that out many years ago. Now I'm tr...I figured that out many years ago. Now I'm trying to figure out what to do for a second career, I'm sick and tired of doing IT work.The Great and Powerful Ozhttps://www.blogger.com/profile/01379953300283048280noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-17494887392201584842012-10-09T15:09:17.112-07:002012-10-09T15:09:17.112-07:00I am 66 & had planned on BEING retired now. I ...I am 66 & had planned on BEING retired now. I have far more in savings than the average Boomer, the principal of which is pretty much just now back to the level it was about a decade ago, having been slashed in the tech bust, recovered and then massacred in the financial bust.<br />Now The Bernanke has decreed that prudent and rational savers may not earn anything on their savings. Oh goody. My retirement plans were predicated on earning somewhere between 3-5% -- scratch that for the next couple of years.<br />Further, sometime, somehow, all that QE money is going sneak out into the marketplace and the value of each dollar of my prudent savings is going to plummet & presto, I'm looking at a retirement on a shoestring.<br />So, when I'm 70 or so, and my savings wll buy me 1/20th what they would today, what am I going to do? Find a new job? Where?<br />Hell, no -- I'm keeping the one I have until I've got some sense of where this country is going, what the economics of that path will be, and what adjustments I will have to make to survive & be financially independent.<br />And I am not the only Boomer waiting..., waiting....ColoCommentnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-34203280194058269192012-10-09T04:39:36.076-07:002012-10-09T04:39:36.076-07:00My dad wanted to retire last year, but now has no ...My dad wanted to retire last year, but now has no idea when he'll be able to retire. I look at it being his fault for not planning.<br /><br />Personally, I'm not counting on or planning on retirement. Eric S. Muellerhttps://www.blogger.com/profile/11378001500010545127noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-82970702846355916172012-10-08T23:57:42.312-07:002012-10-08T23:57:42.312-07:00clicking on calculated risk takes you to craig k&#...clicking on calculated risk takes you to craig k's site...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-74492443468255019922012-10-08T10:58:37.356-07:002012-10-08T10:58:37.356-07:00my mom refinanced her house a year before it was p...my mom refinanced her house a year before it was paid off, put the money into the stock market, lost it all, and now is "retired" and looking for a job.jsonoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-51354344659476148722012-10-08T10:00:16.390-07:002012-10-08T10:00:16.390-07:00I've been seeing evidence of this locally. Th...I've been seeing evidence of this locally. This, of course, causes issues for folks trying to get into the job market.JNorthhttps://www.blogger.com/profile/01701578500596164529noreply@blogger.com