Retirement ( Archived) (12)

Nov 20, 2013 10:11 AM CST Retirement
The standard accepted retirement model (in the West) is.

Get an education.
Get a good job.
Work like a dog your whole life.
Save as much money as possible denying yourself any fun so you have enough funds for your "Golden" years.
Buy a house and pay off the mortgage asap so you wont have that expense to worry about when you're too old to work.
Invest your savings in only the safest places like federally insured passbook savings accounts or mutual funds.
When you reach retirement age, quit your job and start collecting Social Security and start spending the money you've saved.
If you've planned well, by the time you die, you will have just enough to pay for your funeral.

This is the basic model put forth by CFP's (Certified Financial Planners) for which they receive fat salaries.

What would you do (or have done) different?
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Nov 20, 2013 10:17 AM CST Retirement
galrads
galradsgalradsDublin, Ohio USA2,264 Threads 279 Polls 36,283 Posts
ooby_dooby: The standard accepted retirement model (in the West) is.

Get an education.
Get a good job.
Work like a dog your whole life.
Save as much money as possible denying yourself any fun so you have enough funds for your "Golden" years.
Buy a house and pay off the mortgage asap so you wont have that expense to worry about when you're too old to work.
Invest your savings in only the safest places like federally insured passbook savings accounts or mutual funds.
When you reach retirement age, quit your job and start collecting Social Security and start spending the money you've saved.
If you've planned well, by the time you die, you will have just enough to pay for your funeral.

This is the basic model put forth by CFP's (Certified Financial Planners) for which they receive fat salaries.

What would you do (or have done) different?


I set up toll booths on all interstate highways in ohio to feed my retirement since 1979. Been a good run.... your man is bloviating live again on tv.... thumbs down
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Nov 20, 2013 10:18 AM CST Retirement
reb56
reb56reb56carthage, Missouri USA55 Polls 8,629 Posts
ooby_dooby: The standard accepted retirement model (in the West) is.

Get an education.
Get a good job.
Work like a dog your whole life.
Save as much money as possible denying yourself any fun so you have enough funds for your "Golden" years.
Buy a house and pay off the mortgage asap so you wont have that expense to worry about when you're too old to work.
Invest your savings in only the safest places like federally insured passbook savings accounts or mutual funds.
When you reach retirement age, quit your job and start collecting Social Security and start spending the money you've saved.
If you've planned well, by the time you die, you will have just enough to pay for your funeral.

This is the basic model put forth by CFP's (Certified Financial Planners) for which they receive fat salaries.

What would you do (or have done) different?
only ones,who get all,the gold,is the drs.in your golden yrs.
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Nov 20, 2013 10:24 AM CST Retirement
Bogart_1960
Bogart_1960Bogart_1960Ask me !, Provence-Alpes-Cote d'Azur France36 Threads 1 Polls 10,012 Posts
ooby_dooby: The standard accepted retirement model (in the West) is.

Get an education. or not. (the biggest generation savers proved that)

Get a good job.

Work like a dog your whole life. and live within your means

Save as much money as possible, denying yourself any fun so you have enough funds for your "Golden" years.

Buy a house and pay off the mortgage asap so you wont have that expense to worry about when you're too old to work.

Invest your savings wisely in only the safest places like federally insured passbook savings accounts or mutual funds.

When you reach retirement age, quit your job and start collecting Social Security and start spending the money you've saved.[/u]

If you've planned well, by the time you die, you will have just enough to pay for your funeral.

This is the basic model put forth by CFP's (Certified Financial Planners) for which they receive fat salaries.

What would you do (or have done) different?


thats what i believe.
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Nov 20, 2013 12:35 PM CST Retirement
Forget investing in the mutual's, instead you should have invested in purchasing your own retirement home, complete with medical facilities and some cute nurses. devil
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Nov 20, 2013 12:56 PM CST Retirement
Obstinance_Works
Obstinance_WorksObstinance_WorksManchester, Greater Manchester, England UK3 Threads 1 Polls 3,514 Posts
ooby_dooby:

Millenial edition:

The standard accepted retirement model (in the West) is.

Get an education(That bankrupts you for life and doesn't lead to a job).
Get a good job.(In China)
Work like a dog your whole life.(Actually work like a dog your whole life)
Save as much money as possible denying yourself any fun so you have enough funds for your "Golden" years.(Save as much money as possible so you can pay for your parents retirement)
Buy a house and pay off the mortgage asap so you wont have that expense to worry about when you're too old to work(eternally rent).
Invest your savings in only the safest places like federally insured passbook savings accounts or mutual funds(no money to save and nothing worth saving for).
When you reach retirement age, quit your job and start collecting Social Security and start spending the money you've saved. starve to death.
If you've planned well, by the time you die, you will have just enough to pay for your funeral pay back your Asian overlords.
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Nov 20, 2013 1:17 PM CST Retirement
ooby_dooby: The standard accepted retirement model (in the West) is.

Get an education.
Get a good job.
Work like a dog your whole life.
Save as much money as possible denying yourself any fun so you have enough funds for your "Golden" years.
Buy a house and pay off the mortgage asap so you wont have that expense to worry about when you're too old to work.
Invest your savings in only the safest places like federally insured passbook savings accounts or mutual funds.
When you reach retirement age, quit your job and start collecting Social Security and start spending the money you've saved.
If you've planned well, by the time you die, you will have just enough to pay for your funeral.

This is the basic model put forth by CFP's (Certified Financial Planners) for which they receive fat salaries.

What would you do (or have done) different?

You're too young to retire,you have to tear down a few more Engines!grin
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Nov 20, 2013 1:23 PM CST Retirement
rolling on the floor laughing rolling on the floor laughing rolling on the floor laughing What a bunch of cynics. "Starve to death" I love it.
On a serious note. Paying off a low interest mortgage is probably one of the worst things you can do esp when mortgage rates are so low. Better to increase the mortgage amount and invest the money in high yield bond funds that pay over 10%.
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Nov 20, 2013 2:08 PM CST Retirement
Just enjoy it..........if you actually get there!!!!!!!
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Nov 20, 2013 3:00 PM CST Retirement
Conrad73: You're too young to retire,you have to tear down a few more Engines!
Thank you for that. I wish I was 14 again actually. I miss building engines...sometimes.
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Nov 20, 2013 3:04 PM CST Retirement
james9
james9james9dublin, Dublin Ireland2 Threads 100 Posts
ooby_dooby: The standard accepted retirement model (in the West) is.

Get an education.
Get a good job.
Work like a dog your whole life.
Save as much money as possible denying yourself any fun so you have enough funds for your "Golden" years.
Buy a house and pay off the mortgage asap so you wont have that expense to worry about when you're too old to work.
Invest your savings in only the safest places like federally insured passbook savings accounts or mutual funds.
When you reach retirement age, quit your job and start collecting Social Security and start spending the money you've saved.
If you've planned well, by the time you die, you will have just enough to pay for your funeral.

This is the basic model put forth by CFP's (Certified Financial Planners) for which they receive fat salaries.

What would you do (or have done) different?


good post, good read, i assume you are in the guy in the post!
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Nov 21, 2013 1:34 AM CST Retirement
charleneftmyers
charleneftmyerscharleneftmyersft myers, Florida USA4 Threads 71 Posts
I would suggest what my father did bought five houses rented them then sold them invested it in monthly cds that you renew every four months. Pays two percent interest lives off interest.
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