Retirement Plan

[PartsMan]

From an E-mail my wife sent me. I may start on it tonight.


If you had purchased $1,000.00 of Delta Air Lines stock one year ago you would have $49.00 left.

With Enron, you would have had $16.50 left of the original $1,000.00.

With World Com, you would have had less than $5.00 left.

But, if you had purchased $1,000.00 worth of beer one year ago, drank   all of the beer, then turned in the cans for the aluminum recycling   REFUND, you would have had $214.00. 

Based on the above, the best current investment advice is to drink  heavily and recycle.

It's called the 401-Keg.

[beemanbeme]

If you had worked for United Air Lines and took a pay cut and taken stock instead (as if you had a choice), the stock would now be worth $0.00.  And you would have to drink to forget the hose job.   

[Heavy C]

LOL Partsman!

Come on TM7, it's called diversification.  Bush had the right idea for encouraging individuals to fund their own retirement.  SS is a lost cause and something I'm not counting on to be there for my retirement.  Baby boomers have started retiring and that will more than likely max out the SS program.  The impact that particular segment of our population has had on the economy has been described as a pig moving through a python.  I believe it would behoove everyone to seek out addition ways to fund retirement.

[bubba]

I have a different retirement plan  scratch offs, quick picks and living off my kids in my later days.  Actually my plan is to work until I die.

[magooch]

TM7, stick around for a few more years and see how successful SS is.  Every Ponzi scheme eventually collapses.  The giant sucking sound will be the Social Security System sucking the crumbs out of the federal treasury. 

That might not be a bad thing, though.  It might be the only thing that can force Congress into frugality--not.

[DalesCarpentry]

I have told my mother and wife both. my retirement plan is to buy lottery tickets with my mothers life insurance money after she dies. Dale

[Heavy C]

LOL Partsman!

Come on TM7, it's called diversification.  Bush had the right idea for encouraging individuals to fund their own retirement.  SS is a lost cause and something I'm not counting on to be there for my retirement.  Baby boomers have started retiring and that will more than likely max out the SS program.  The impact that particular segment of our population has had on the economy has been described as a pig moving through a python.  I believe it would behoove everyone to seek out addition ways to fund retirement.

.
C'mon...The SS has been the most successful social insurance program ever devised.  The problem came when Congress confiscated it for the general fund, the entitlement programs, and runaway medical costs. Your man Bush, and others wanted to serve this fund and enrollees onto the altars of wall street,,,,a very capricious idea. And an idea to convince young America to embrace globalism and thereby to fight anywhere in the world to protect 'your' investments (actually their investments). You see SS is more than a retirement annuity...it is also insurance.  BUT, I'm all for diversification and if anyone wanting to invest in the market,,,just go ahead,,,call up a broker, get in a program, write a check and get in it. My advice is retirement monies shouldn't be monies you can afford to loose. Have you been paying attention to markets lately?  Keep in mind that the government is in tax harvesting/security racket.

...TM7

Every day I see what the markets are doing.   When they are down I buy more if I can - buy low sell high.  The markets are cyclical just like a lot of things in our world.  The markets will bounce back; of that I have no doubt.  I'd rather control my destiny in terms of retirement rather than waiting on Uncle Sam to take care of me.  If you haven't figured it out by now the government isn't here to take care of you much less ensure that you have a comfy retirement.  I don't know how close you are to retiring, but if you have some time you might be better served looking into some mutual funds to supplement your retirement rather than spending your time chasing conspiracy theories.