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40 Years for 40 Hours for 40 Percent is the way to go???

COUNTRYLUTHIER by COUNTRYLUTHIER

HERE'S WHAT I THINK

40 Years for 40 Hours for 40 Percent is NOT the way to go!

The old model "40/40/40" was the way to go. Current retirement plans, defined contributions, 401k, will allow for the type of retirement we all want in retirement, really?. 40 percent of our working days pay should be enough to take care of the things we want to do after retirement, really? The 401k will support the lifestyle to which I have become accustomed on less than half the income, really? Besides, there will be plenty of part time jobs for us baby boomers if we want them, just saying, really?



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My retirement plan includes the following

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YOUR TURN!

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JaguarJulie says:

Oh my! I recently heard that somebody suggested $4 million would not be enough for retirement. Pardon my French, but I am screwed in the retirement department!! I figure I can live until 65 and then I should stop breathing because I will have no funds to live on.

EditorDave says:

My retirement plan has crashed and burned. So, I'm creating Squidoos like crazy and doing other things to generate *residual* income... I fear that I'll never be able to "retire".... I'll work until I keel over. *sigh*

SereneSea says:

I believe there should be more job opportunities for 40+ people, they are skilled and their experience can be used in a better way than let it go waste. Work at home options have to be reinvented and innovated.

CruiseReady says:

Oh, I think a sizeable portion of the 50+ crowd is truly worried about retirement survival these days, having seen their savings dwindle. Some have even had to dip into those dwindling retirement funds ahead of time because of the economy, making the future look even bleaker.

 

No way is the 40/40/40 plan gonna cut it!

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Baby boomer retirement

On what do you expect to retire ? The robust growth of the economy will continue to set records until we accomplish the same standard as the post depression Americans. Really? Anyone agree with that or did you just get back on planet after an off world experience? We were such excellent students surviving sub-prime mortgages, Wall Street meltdowns and inflated oil and gas prices until the helm of our futures is steady as we go. Really? While the last few years have had relatively little in the way of inflation, don't forget to generally add about 3% per year of just in case insurance for the time when the economy speeds up and your savings get left behind. The econonomy is anemic at best now. Look into your personal future and see teh 40/40/40 plan IMHO is not the way to go. Find an opportunity. Invest a large quantity of yourslf in it regularly. Be proactive about your future. That's all I'm saying. Glad to share five minutes with you about my Plan B opportunity I've been associated with for over 6 years( eddieandrosieseaton@cox.net).

It is OK to be DIY money manager. Just know what the real rules are.
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40/40/40

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In the words of the immortal noveau philosopher Forrest Forrest Gump, "You Can't spend what you don't have."

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40/40/40

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COUNTRYLUTHIER

Mississippian by birth and the Grace of God. Glad to meet you too! Currently a landlocked retired navy squid who has sailed the Atlantic, the Pacific,... more »

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