Comments on: Too Many Baby Boomers and Not Enough Retirement Funds http://socyberty.com/government/too-many-baby-boomers-and-not-enough-retirement-funds/ Sun, 19 Feb 2012 21:44:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Ildi http://socyberty.com/government/too-many-baby-boomers-and-not-enough-retirement-funds/comment-page-1/#comment-96253 Ildi Fri, 17 Jul 2009 19:30:11 +0000 http://socyberty.com/government/too-many-baby-boomers-and-not-enough-retirement-funds/#comment-96253 Just on the stock market side. If, and when, boomers will start pulling their $$$ out of the stock market, that won't be problem at all, actually it will be good for the economy. They not going to put the money under their mattresses and sit on it all day long. They will go buy RVs, boats, hit the road and spend their money; therefore going right back into the market. Boomers here they come again rescuing the economy. First they build it, throughout their hard work lifetime goverment and greedy torcher it, then when it's time they come back to fix it. God bless our last best generation. Just on the stock market side. If, and when, boomers will start pulling their $$$ out of the stock market, that won’t be problem at all, actually it will be good for the economy. They not going to put the money under their mattresses and sit on it all day long. They will go buy RVs, boats, hit the road and spend their money; therefore going right back into the market. Boomers here they come again rescuing the economy. First they build it, throughout their hard work lifetime goverment and greedy torcher it, then when it’s time they come back to fix it. God bless our last best generation.

]]> By: Alice Coaxum http://socyberty.com/government/too-many-baby-boomers-and-not-enough-retirement-funds/comment-page-1/#comment-96251 Alice Coaxum Fri, 09 Jan 2009 04:37:59 +0000 http://socyberty.com/government/too-many-baby-boomers-and-not-enough-retirement-funds/#comment-96251 Interesting, thought provoking article Karrl. Interesting, thought provoking article Karrl.

]]> By: Karrl http://socyberty.com/government/too-many-baby-boomers-and-not-enough-retirement-funds/comment-page-1/#comment-96249 Karrl Thu, 08 Jan 2009 00:00:04 +0000 http://socyberty.com/government/too-many-baby-boomers-and-not-enough-retirement-funds/#comment-96249 Seniors & Retirees on clarkhoward.com<br /> Sep 20, 2007 -- Seniors more at risk than ever for financial scams ... Equity index annuities promise a portion of the gain of the stock market, ...<br /> clarkhoward.com/liveweb/shownotes/category/6/84/170/<br /> <br /> Seniors Losing Homes and Life Savings - Associated Content<br /> Dec 11, 2008 ... Because of the slowing real estate market and tighter credit many ... Seniors are losing retirement savings and homes at alarming rates ...<br /> <br /> www.associatedcontent.com/article/1263930/seniors_losing_homes_and_life_savings.html - <br /> <br /> Seniors & Retirees on clarkhoward.com
Sep 20, 2007 — Seniors more at risk than ever for financial scams … Equity index annuities promise a portion of the gain of the stock market, …
clarkhoward.com/liveweb/shownotes/category/6/84/170/

Seniors Losing Homes and Life Savings – Associated Content
Dec 11, 2008 … Because of the slowing real estate market and tighter credit many … Seniors are losing retirement savings and homes at alarming rates …

http://www.associatedcontent.com/article/1263930/seniors_losing_homes_and_life_savings.html –

]]> By: Harold Bryant http://socyberty.com/government/too-many-baby-boomers-and-not-enough-retirement-funds/comment-page-1/#comment-96247 Harold Bryant Tue, 06 Jan 2009 06:21:06 +0000 http://socyberty.com/government/too-many-baby-boomers-and-not-enough-retirement-funds/#comment-96247 Very good post, Karl. I wanted to comment on what Mary was saying. This is true that there may only be a small group of boomers who actually invest directly into the stock market. But as you mentioned, 401k (once thought to be our financial savior) is a part of the whole stock market & trading system. As we all approach the age of retirement we will begin to see crashes all across the board. Ones that the Government will no longer be able to bail out. It's all pretty economically obvious. Our economy has been worsening for decades. Now double and triple the amount of people as before will be wanting their money from Uncle Sam just about all at once. Our Social Security system was not designed to withstand such a large rush.<br /> <br /> Who will make up for the loss? Will we borrow money yet again from our neighbors thus increasing our national deficit? Will we simply print out more twenties and tens without anything to back them thus causing a rapid boost on inflation? I don't think there is an answer for this problem right now. Karl's synopsis was well put.<br /> <br /> Harold Bryant<br /> Retired Trucker at 39<br /> Network Marketing Coach<br /> http://quickstarttowealth.com/wbc<br /> North Carolina, USA<br /> 828-242-4094<br /> Very good post, Karl. I wanted to comment on what Mary was saying. This is true that there may only be a small group of boomers who actually invest directly into the stock market. But as you mentioned, 401k (once thought to be our financial savior) is a part of the whole stock market & trading system. As we all approach the age of retirement we will begin to see crashes all across the board. Ones that the Government will no longer be able to bail out. It’s all pretty economically obvious. Our economy has been worsening for decades. Now double and triple the amount of people as before will be wanting their money from Uncle Sam just about all at once. Our Social Security system was not designed to withstand such a large rush.

Who will make up for the loss? Will we borrow money yet again from our neighbors thus increasing our national deficit? Will we simply print out more twenties and tens without anything to back them thus causing a rapid boost on inflation? I don’t think there is an answer for this problem right now. Karl’s synopsis was well put.

Harold Bryant
Retired Trucker at 39
Network Marketing Coach
http://quickstarttowealth.com/wbc
North Carolina, USA
828-242-4094

]]> By: Mary Hofstetter http://socyberty.com/government/too-many-baby-boomers-and-not-enough-retirement-funds/comment-page-1/#comment-96245 Mary Hofstetter Mon, 05 Jan 2009 21:36:55 +0000 http://socyberty.com/government/too-many-baby-boomers-and-not-enough-retirement-funds/#comment-96245 Hi Karl, Interesting post but I do not agree. Not as many seniors are in the stock market as you might think. Anyway no one loses on the stock market if they don't cash in at a loss. The idea of being in the stock market is to only sell on the high side.<br /> <br /> Yes, Social Security could disappear just as some other institutions are gone and we never could dream they would fold. I was told when I was young by my parents to never believe that Social Security was a retirement fund. It is a supplemental system.<br /> <br /> Indeed some who had investments involved with the stock market like 401K will have to post pone retirement til this all lifts. Many seniors are continuing to work, putting money in Soc. Sec., while they hope to re-coup loses. Hi Karl, Interesting post but I do not agree. Not as many seniors are in the stock market as you might think. Anyway no one loses on the stock market if they don’t cash in at a loss. The idea of being in the stock market is to only sell on the high side.

Yes, Social Security could disappear just as some other institutions are gone and we never could dream they would fold. I was told when I was young by my parents to never believe that Social Security was a retirement fund. It is a supplemental system.

Indeed some who had investments involved with the stock market like 401K will have to post pone retirement til this all lifts. Many seniors are continuing to work, putting money in Soc. Sec., while they hope to re-coup loses.

]]> By: Isabel Star*** http://socyberty.com/government/too-many-baby-boomers-and-not-enough-retirement-funds/comment-page-1/#comment-96243 Isabel Star*** Mon, 05 Jan 2009 19:54:06 +0000 http://socyberty.com/government/too-many-baby-boomers-and-not-enough-retirement-funds/#comment-96243 Hiya Karl,<br /> Perfectly said!<br /> In the UK, it's shocking how youngsters are becoming parents at an alarming rate and escalating... and the sad part is that the government 'encourages' it, by giving them houses, social and medical benefits instead of building 'affordable' after school care so that children don't spend time running around in the streets falling prey to sex, drugs and alcohol.<br /> <br /> Parents just do not have enough money to send them off to after school care, period! So they follow the pattern all over again.<br /> <br /> Also to add to this sadness, is the fact that the young parent has no incentive of doing better then their parents or reaching constructive goals in life.<br /> <br /> That is my perspective of the UK logic.<br /> <br /> Keep up the good work! Hiya Karl,
Perfectly said!
In the UK, it’s shocking how youngsters are becoming parents at an alarming rate and escalating… and the sad part is that the government ‘encourages’ it, by giving them houses, social and medical benefits instead of building ‘affordable’ after school care so that children don’t spend time running around in the streets falling prey to sex, drugs and alcohol.

Parents just do not have enough money to send them off to after school care, period! So they follow the pattern all over again.

Also to add to this sadness, is the fact that the young parent has no incentive of doing better then their parents or reaching constructive goals in life.

That is my perspective of the UK logic.

Keep up the good work!

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