Tag: retirement

The New Retirement System

Reporting on a Gallup poll, today, is an article that posits the new ideal retirement age is 67. This poll reflects the opinions of over a thousand people. Those opinions of the right age to retire have changed over the last several years, with the expected retirement age going up, and up.

We have been brainwashed that 65 is the age to retire. We also find that corporations tend to get rid of older, higher paid workers. My experience is such that I was laid off at age 57 from a sales job, and when looking for work discovered that nobody is going to hire a grey-headed salesman. The only sales positions available are those that pay commission, only, and are primarily low-income, telephone based sales positions.

At some point, you will find yourself taking Social Security payments. Social Security is nothing more than extended unemployment income for someone over the age of 62..

The government is pushing the Social Security retirement age past 65, and workers are being forced out of jobs at age 60 or before. A large part of the unemployed in the US is that population of pre-retirement age adults that cannot get a job. These are the people who have given up seeking employment.

Maybe you think that our drift into a socialism will mitigate the problem with the government taking care of you.

Think, again.

The government is looking harder and harder at the wealth accumulated in 401K’s and IRA’s. The government has long wanted to take that money and give it to those who have failed to plan for their retirement. They think you are more fortunate than others, and you should share. That is the government mentality.

So, all that hard work with accumulating money for your retirement can be gone in an instant. Your job can disappear in an instant, and so can your wealth.

The new American retirement system is called, unemployed. Good luck with that.

 

Retirement’s Not Easy

picture of a broomA few years ago I was involuntarily retired with about six hundred other people from a telecom company. Since that time, I have been a stock broker, an insurance salesman, a car salesman, and a web site developer. I am still in the web site game, and I think I will stick with that.

The problem is that I have been so busy in my retirement, that I don’t have time for business. This doesn’t sound right, but that’s the way it works.

The day starts at 6:oo AM with me gently prodding my wife to get to work. It is important that her paychecks keep coming. I rely on her income to buy my computers and other toys.

Then, it is time for me to prepare for the day with an hour or two of cable news. I am particularly interested in the stock market futures as they can portend whether I will have a profitable day or not. You gotta keep up with your money, you know.

Of course, in the mid-morning hours there is always the opportunity to journey to the nearest coffee-house or other WiFi equipped establishment, and socialize for a bit. Using the cell phone for an office phone is the normal way to conduct business as you surf your laptop and chat with people at the other tables. It is a great place for people watching, too.

Lunch is just around the corner, and the buddy you have scheduled has to be reminded or he may miss it. Sometimes, it is a local group of like-minded conversationalist you accompany for the mid-day meal. This is called networking.

One must be careful to keep the afternoons open as much as possible because you can never tell when you will stumble across a real business opportunity, or if you are called on to babysit the grandkids. I always try to be flexible with my schedule.

I forgot the doctors. Every week , there is a doctor you must feed. If you are a senior, chances are you have multiple doctors to support.

First, there is the primary care physician whose job is to look at you and draw blood for all the tests necessary to keep the medical labs profitable. The primary care physician cannot treat you for anything. If you are diagnosed with an illness, they send you to specialists like surgeons, hematologists, proctologists, rheumatologists, and plastic surgeons or astrologers. Doctors are born under the dollar sign.

If you have anytime left, you probably need to do some shopping. Wednesdays are the best for grocery shopping because some stores give senior discounts that day. You might have to devote some time Wednesday mornings to organizing your coupon collection. If you watch the program, Extreme Couponing, you know this can be a really big deal.

I was able to exercise some control over my life until my wife announced she was retiring at the end of this year. Talk about rugs being pulled from under you! This not only a life changing event for her, but I am the one who is likely to suffer the most.

How can she do this to me? What about all those years I slaved away, traveling extensively, and having to stay at five-star hotels? Let me tell you, those were tough years. Where’s the justice in this retirement thing of hers?

She claims that she wants to travel. Yeah, sure. Now, she will want to stay in bed until eight o’clock, and will be at Starbucks at 10:00 AM to meet with her retired teacher buddies. If I catch her ogling at any of those sissy guys that hang out there, well, you know…

What’s a guy to do? Does she expect me to wash the dishes, vacuum the floors, and sweep the garage? Oh, the indignity of it all.

Work, woman, work!