I knew from a very young age that I -was- willing to sacrifice having kids for the lifestyle I wanted. I made sure not to give into the very first step in that process in a women's head....and that's marriage. I'll be 54 soon and NEVER married and never plan to be. Sure, it cut down on the available suiters in the dating pool, but I eventually found one that had previously gotten the marriage thing out of the way and didn't have or want kids.
Retirement investing...
- Thread starter Ws6
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I knew from a very young age that I -was- willing to sacrifice having kids for the lifestyle I wanted. I made sure not to give into the very first step in that process in a women's head....and that's marriage. I'll be 54 soon and NEVER married and never plan to be. Sure, it cut down on the available suiters in the dating pool, but I eventually found one that had previously gotten the marriage thing out of the way and didn't have or want kids.
Its your opinion that people now are lazier than in the past is why they don't have retirement savings?
The majority of workers in 1960, nor 1990 did not have 2 full time jobs. Most did not worry about retirement savings, they had a pension or did not expect to live much past 65.
Its neither good nor bad, but your argument was people are lazier now - but the only proof your have is your grandfather. No actual broad data. Just confirmation bias.
You have not mentioned how many full time jobs you currently work?
Like I said, there have always been those that are more ambitious than others.
This may or may not help a few still on the journey
https://seekingalpha.com/article/4831592?gt=b393cc1c45f84371
https://seekingalpha.com/article/4831592?gt=b393cc1c45f84371
I had a side job from 2006 to 2019, it ended when the company was bought out and the buyer's current staff took over my job.
I didn't replace it.
I am not trying to bust your chops, but that is a far sight different than 2 full time jobs as infered.
Everyone seems to think everyone else and every generation is lazy - but the actual data contradicts that.
The First chart below shows average weekly hours - which in the 60's it was around 38, so 10% higher than the 34 how.
But the second chart shows that labor force participation for the key 25-54 demographic in the 60's was only mid ~67%, vs now ~84%. So 40 years ago, the average worker put in 10% more hours, but now we have 20% more people working. Working hours produced is higher now.
This aligns - Grandma stayed home and Grandpa worked somewhere and picked up the occasional overtime. There are always exceptions - in any generation - but the norm hasn't changed much.
Contrary to opinions around here.
That 65 to 80+ that is women working??
I never said or inferred that I had 2 full time jobs.
Let's start with 34 trillion in debt.
Blaming a single generation for the debt is kinda funny but ok you win. Half my generation still keep voting the same clowns in along with all the other generations.
Not only that but some generations such as to who you are replying pass the buck for not being engaged but regardless are the ones who most benefited. Lowest voter turnout in that group. So all I am saying any complaints are overstated compared to reality. (no politics as we know in here) Maybe I live in a bubble but I have a rather large family circle and family circle of friends and their kids. I can honestly say any disgruntled ones make up only one person I know out of them all. It's easier to complain, then pick yourself up and work at goals and betterment of your life.
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All I know is that the S&P is on track to break the all-time record today. All my 401k investments are in S&P index funds, despite my being almost 64 now. I'm finding it very difficult to move to bonds, when the market is moving up the way it is. I retired in early June, and despite spending heavily to fix up my old house, my net worth is higher now than before. At some point I've got to pull back, and get some money in safe haven locations. How do you guys do it? Maybe I'm just greedy...and setting myself up for the fall?
Try 38T; jumped 4T this year.
I am aligned with your thinking around moving to bonds in retirement. I am between 7 and 11 years away from retirement and I have been thinking a lot about what my funds look like in retirement. I just can't see myself being totally "uninvested" in the market, which for me would be bonds. I will likely be way more conservative than I am now, but I'm thinking 50% of my portfolio will be invested all the time in something like the S&P index. Currently very heavy in the Fidelity growth fund my 401K offers.
I flat-out love dividends. I could live on them. Oh yeah, I forgot about the taxman.
The tax rate is quite low on qualified dividends. My plan for retirement is to live off of dividends.
I have a large chunk in preferred stocks for stable dividends and principal value.
Well, I pay, and pay, and pay. What's a poor boy to do?
But yeah, I love dividends. Like manna form heaven...
Job market is getting worse and it has NOTHING to do with Artificial Intelligence.
Many college grads in panic mode with very few ‘real’ job openings.
Lots of data mining and people desperate for work.
