Corvette AND Retirement
02-11-2014, 10:33 PM
#62
^^YUP^^
Saw my parents save every penny for their retirement. Father wound up in a bed in a nursing home, every penny of his savings, pension and social security to keep him there. Mom's arthritis is so bad she can hardly stand up. In-laws also major savers. Both passed away after long term illnesses and never "splurged". I don't advocate squandering away savings on "toys", but I do plan on enjoying what I worked for before they close the cover on me!
Saw my parents save every penny for their retirement. Father wound up in a bed in a nursing home, every penny of his savings, pension and social security to keep him there. Mom's arthritis is so bad she can hardly stand up. In-laws also major savers. Both passed away after long term illnesses and never "splurged". I don't advocate squandering away savings on "toys", but I do plan on enjoying what I worked for before they close the cover on me!
Last edited by robertf97; 02-11-2014 at 10:35 PM.
02-11-2014, 10:48 PM
#63
Race Director
I continued to work in "semi-retirement" so I can fully retire with a Stingray paid in full! Did not want to think about entering life on a fixed income with a big-azz debt! 
02-11-2014, 10:59 PM
#64
Drifting
02-11-2014, 11:07 PM
#65
Melting Slicks
Obviously you need balance. But I think it would be worse to deprive yourself of some of life's simple pleasures to make sure you can be in a nice retirement home.
02-11-2014, 11:35 PM
#66
Several points:
1) A lot of pensions that were promised are never going to be paid at full value. Many places are in for a Detroit style awakening, especially if interest rates go up. http://market-ticker.org/akcs-www?singlepost=3308722
2) Interest rates are at record lows. If you can borrow money under 3% you are beating inflation. I could pay cash for my car but will finance most of it for that reason. If the crap hits the fan, they can take the car back.
3) You never know when you will die, it could be today. Enjoy life.
1) A lot of pensions that were promised are never going to be paid at full value. Many places are in for a Detroit style awakening, especially if interest rates go up. http://market-ticker.org/akcs-www?singlepost=3308722
2) Interest rates are at record lows. If you can borrow money under 3% you are beating inflation. I could pay cash for my car but will finance most of it for that reason. If the crap hits the fan, they can take the car back.
3) You never know when you will die, it could be today. Enjoy life.
02-11-2014, 11:55 PM
#67
Instructor
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02-12-2014, 12:41 AM
#69
Burning Brakes
Thread Starter
A guaranteed pension is fine. But think of it as a pay check every month. You STILL have to watch how you spend it. You have to save. When the stock market corrects itself again when "THEY" think the time is right to take the profits from the last 3-4 years alot of folks are going to be hurting again after a 15-20% hit.
02-12-2014, 12:43 AM
#70
Drifting
Well which government's facts are you referring to that specifically says 50% of the US population CHOOSES to live hand to mouth? Must be a middle east country's government - Iraq, Iran? The US government would never issue a report that says that 50% of the US population CHOOSES to live hand to mouth.]That's Fox news type of "fact" reporting.
[/B][/B]But getting back to the issue at hand, I will enjoy every minute of my retirement touring this great country in my C7!
[/B][/B]But getting back to the issue at hand, I will enjoy every minute of my retirement touring this great country in my C7!
Fox is way too Liberal for me nowadays, but they aren't Propagandists like ABC, NBC, CBS, NYT, CNN, WAPO and the official DNC Mouthpiece PMSNBC. I guess some people don't like an opposing viewpoint so they attack the one source that disagrees with them. Pravda, American style.
Just my $.02. Couldn't just let your little dig get by without a response.
You are entitled to your opinion as are other Forum Members, but don't expect that it won't illicit a differing viewpoint.
Now, back to the Thread at hand. Things get crazy when we go off topic here, so I will reserve any other comments for the Threads dedicated to discussing those opinions.
My apologies to any other Forum Members who find my response to the Poster offensive. The Mods can pull this Post if they feel it's in the best interest of the Forum.
Carry on my Corvette loving Brothers and Sisters.
Last edited by Second Vette; 02-12-2014 at 12:48 AM. Reason: Old hands, but it's the Keyboard's fault.
02-12-2014, 12:45 AM
#71
Race Director
