Retirement Targets
- Thread starter yowza
- Start date
Remember that those in greatest need were getting the entire pot of money. Still wasn’t enough. Now we are going to add those who are not in need that will be sharing that same pot of money.
UBI takes money that used to help just the poor and those in need now will be cut significantly. Better to target the money to those in greatest need.
UBI takes money that used to help just the poor and those in need now will be cut significantly. Better to target the money to those in greatest need.
Thank you for sharing @1SEIACLONE
Some very touching posts.
Some very touching posts.
Or use UBI as a way to lift more people out of poverty rather than keep the status quo. I know your generation thinks that significant change is scary but in an evolve or die world, I think we should be open to trying a different approach to fix things. Continuing to do the same and expect different results is stupid. But your generation basically runs the government so there is no practical chance this could happen.
UBI can work and its a way to treat everyone - not just poor people - equally. Give people a larger safety net to succeed rather than to keep people in their current positions.
I am with you. I tell my family and friends that I want to be cremated and then want my core family/friend circle to go on a cruise or go to Vegas, have an amazing time, and spread some of my ashes in places that I enjoy. I don't want to be buried with thousands of other people and make my people feel obligated to come visit me. I'm dead, I won't know the difference.
Thanks, but I am nothing special, my wife and I just played the hand we were dealt. It was difficult at times, but it also brought us together as a family. It truly made our two sons, better husbands and fathers growing up with their handicapped sister.
We had a friend that also had a handicapped daughter, after her daughter passed we went to the funeral to see how she was doing. She pulled us aside and said very plainly "my journey through this hell has ended, I pray that you have the strength to continue your journey."
I would not want my worst enemy to have to go through the pain of having a handicapped child, and no one but those that have lived it day by day, year after year, knows what it is truly like.
Can we get back to talking about the topic of retirement,please.
You plan on giving poor people less than they get now. How does that help them by giving the money they presently get and instead give it to rich people?
Target the money to those with greatest need. You want to take from the poor to give to the wealthy.
Any of you gone with a Vanguard advisor vs managing it yourself?
I don't know if I hit a magic number but they emailed and called me about signing up for it.
I don't know if I hit a magic number but they emailed and called me about signing up for it.
I get an advisor through work. At this point I don't think it has value. I know my risk tolerance and goals.
However, as I explore tax implications and draw down in the future I could see some benefit.
Most of my funds are with Vanguard but I "manage" it myself. By "manage" I mean put put money into like 5 different funds and then leave it alone.
I'm all for that too. But I don't trust the government to do so, so instead of rich, white old men deciding where our money should be spent - my answer is to give it directly to the people and let them decide where to spend it.
Where does everyone go for good tax advice? Financial advisor? Local tax accountant? Do it yourself? I'm definitely still very much in build mode but over the next 3-7 years, would like to position as best as possible to retain as much of my own money as I can.
Sorry, I can rip on IPERS and argue that with you again if you want to. Lol.
Did you downsize your house or stay same size when you moved? Some people we know added on so they could have everyone over for Christmas.
CPA. They deal with that year round. They couple grand I pay for all my stuff is nice to know I’m not doing something really dumb that I don’t know I’m doing.
We purchased about the same size house as we had in Bloomfield, but with a better layout. We wanted something newer so we had a few years before repairs would be needed. A house with an open concept and the main bedroom and laundry on that main floor. Tired of climbing up and down stairs to get something. Had to have 3 car garage and a yard for the dogs. We ended up purchasing something built in 2016 with 5 bedrooms, but we really only needed four. The house beside the one we got went on the market after we moved up and only has four bedrooms and would have been perfect for us, but we like what we have.
Have always done it myself. If you do not feel comfortable doing that just pick a “one fund” with the market exposure that you prefer then just let it ride. With the internet it is fairly simple to get a second opinion if you want one. So not much need to pay someone to do a worse job than you probably will for yourself.
Several years ago we did this at our parents’ request. Well, some of it, because they wanted to ask us who wanted to be executor, be responsible for possible end of life decisions, etc.
EDIT: they also asked if we, the three kids who would be on the receiving end of their estate would want to keep our century farm in the family. It is land only and currently rented. Oh boy, that conversation was telling, too. We have a sister who lives on her own, works at a type of supported workshop, and cannot make $ above a certain amount with losing Medicaid, I think. Her needs are taken care of.
A few years later we met again because they’d made some changes.
A few days ago, as we were in the hospital dealing with the immediate “aftermath” of my dad dying, we learned they’d talked on and off about cremation and that’s what wounwould happen. None of us knew that.
My point is, yes do that meeting. It’s difficult and there might be tears, but you need to start somewhere. And then don’t be surprised if things change.
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Yeah I feel like I get great returns just doing it myself, I didn't know if there was some balance threshold that kicked in for them to reach out.
Currently 75% in VOO and 25% in their Federal Money Market. I just cant make myself push the 25% into VOO.
That 25% is your safety net in case of a pinch. Modest return with a bit of shelter. Nothing wrong with that.
