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Author Topic: I wanna be a 55 year old on Medicare with a no risk mortgage  (Read 466 times)

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Offline Questor

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I wanna be a 55 year old on Medicare with a no risk mortgage
« on: December 14, 2009, 03:46:47 PM »
Some of these crazy schemes going through congress lately have a lot of appeal. I could retire on some of them. Give me a medicare buy in option and a mortgage with no risk if I can't pay it, and I'm done with the foolishness of working for a living. I can go on the dole and live off the suckers that still bother to work for a living.
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Offline Dee

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Re: I wanna be a 55 year old on Medicare with a no risk mortgage
« Reply #1 on: December 14, 2009, 04:02:50 PM »
I wouldn't mind being 55 again. :D
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Offline Questor

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Re: I wanna be a 55 year old on Medicare with a no risk mortgage
« Reply #2 on: December 14, 2009, 04:08:58 PM »
There's a lot to that. Being 55 means you've matured and know how to handle yourself and most any situation that might arise. You're young enough to enjoy life. There's a lot to like about 55.
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Offline Dee

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Re: I wanna be a 55 year old on Medicare with a no risk mortgage
« Reply #3 on: December 14, 2009, 04:14:31 PM »
I remember that. :-\
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Offline Swampman

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Re: I wanna be a 55 year old on Medicare with a no risk mortgage
« Reply #4 on: December 14, 2009, 04:15:11 PM »
Quote from: Questor on December 14, 2009, 03:46:47 PM
Some of these crazy schemes going through congress lately have a lot of appeal. I could retire on some of them. Give me a medicare buy in option and a mortgage with no risk if I can't pay it, and I'm done with the foolishness of working for a living. I can go on the dole and live off the suckers that still bother to work for a living.

Me too I work for health insurance.
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Offline Squib

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Re: I wanna be a 55 year old on Medicare with a no risk mortgage
« Reply #5 on: December 14, 2009, 10:45:06 PM »
they couldn't handle social security- it's paid into for forty years or so before most people are eligible to draw any, and the population always growing so it's a pyramid scheme, congress couldn't even run a pyramid scheme.  now we're all gonna get hooked up with that crap?!  as far as I know ss is gonna be bandrupt by the end of next decade, so before I'm 35.  obama has already tried to let the va weasel out of taking care of vets with insurance too.  and congress wants to run private insurance out of business..... I think it's all gonna come down long before anyone my age retires.  back to the primitive times- geronticide, suicide or wasting away in a rocking chair.  sorry to bring you all down- thinking about it everytime I look at a paystub KNOWING I won't see any benefits of it, makes me mad.
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Offline blind ear

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Re: I wanna be a 55 year old on Medicare with a no risk mortgage
« Reply #6 on: December 15, 2009, 01:12:49 AM »
Squib, You arn't bringing me down. I'm almost 60 and will probably have to work until I die. SS won't get me by and the stock market took care of the rest. My old family MD said if you quit working you will die. Guess I will live forever.  ;D  eddiegjr
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Offline Dee

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Re: I wanna be a 55 year old on Medicare with a no risk mortgage
« Reply #7 on: December 15, 2009, 02:49:11 AM »
eddiegjr, you sound like me. I sold a successful trucking business, went into semi-retirement, invested in real estate and it, in this part of Texas crashed in a big way. Home and a new care was paid for along with my motor home, but had used some land that was also paid for as collateral to buy a couple of houses. Ended up selling my motor home to pay interest on the notes, financed one of the houses myself for 10 years, did manage to get my land paid for AGAIN.
Didn't have any money left, but I got my house and one car, and that land again, they can't come after, and a small note on my Jeep.
During all this, my wife needed a very expensive eye surgery, and I had to put a note on the Jeep (it was paid for) to pay what the insurance didn't.
That is just life though, and we'll be fine if we just thank the good Lord for what we do have, and never say quit.
By the way. I'm 60 years old, and will never retire, until someone is throwing dirt in on me I guess. Can't give up.
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Offline Slowhanddd

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Re: I wanna be a 55 year old on Medicare with a no risk mortgage
« Reply #8 on: December 15, 2009, 01:01:40 PM »
Dee I know of what you speak.I own my own business and have been telling my customers,"I'll retire the day after I die".Been in the water well business for 28 years.It's still going in the hole.Slow
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Offline blind ear

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Re: I wanna be a 55 year old on Medicare with a no risk mortgage
« Reply #9 on: December 15, 2009, 01:09:00 PM »
Yep Dee, I enjoy going to work every day, the 50+ mile drive and the work, but I am a little tired when I drive home. If I am off for two days I am itching to go back to work.

Squib, you are so young you can fail a couple or three times and still have time to recover and be very successfull. With the way you think, by the time the economy gets through the next 10 or so dark years and heads back up you will probably have figured out how to work the system well enough to not have to worry. I just hope you end up happy what ever the end result. Good Luck eddiegjr

PS Squib. Get a little hobby business of your own for tax deductions and do as much cash business as you can and don't pay taxes on it.
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Oath Keepers: start local
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“It is no coincidence that the century of total war coincided with the century of central banking.” – Ron Paul, End the Fed
-
An economic crash like the one of the 1920s is the only thing that will get the US off of the road to Socialism that we are on and give our children a chance at a future with freedom and possibility of economic success.
-
everyone hears but very few see. (I can't see either, I'm not on the corporate board making rules that sound exactly the opposite of what they mean, plus loopholes) ear
"I have seen the enemy and I think it's us." POGO
St Judes Childrens Research Hospital

Offline torpedoman

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Re: I wanna be a 55 year old on Medicare with a no risk mortgage
« Reply #10 on: December 15, 2009, 01:24:57 PM »
Quote from: Squib on December 14, 2009, 10:45:06 PM
they couldn't handle social security- it's paid into for forty years or so before most people are eligible to draw any, and the population always growing so it's a pyramid scheme, congress couldn't even run a pyramid scheme.  now we're all gonna get hooked up with that crap?!  as far as I know ss is gonna be bandrupt by the end of next decade, so before I'm 35.  obama has already tried to let the va weasel out of taking care of vets with insurance too.  and congress wants to run private insurance out of business..... I think it's all gonna come down long before anyone my age retires.  back to the primitive times- geronticide, suicide or wasting away in a rocking chair.  sorry to bring you all down- thinking about it everytime I look at a paystub KNOWING I won't see any benefits of it, makes me mad.
[/quot


 Social security was the idea of Bismark of Germany long before it was introduced here. Bismarck was smarter than our leaders. You paid in until your reached the retirement age of 70, The average life expectancy then was 40.
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Offline Squib

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Re: I wanna be a 55 year old on Medicare with a no risk mortgage
« Reply #11 on: December 15, 2009, 07:36:41 PM »
oh don't you worry eddie, I got a plan  ;D

I'll be an "enforcer" when things go bad, get paid lots of cash money, and straighten back up after the roaring 2020's.   :D  I HAD lots (for a young guy) in savings and 401K when I got out of the usmc in 2007, but that went bad quick.  I miss that much... I also wonder why I didn't pull it all out and stick in in a lock-box and bury it.  Can't dwell on the past, got my hole picked out for the future.  The rest of you need to figure out where your groundwires are located.
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