It supports my reasoning for taking up smoking in my mid 30's. I don't want to be 75 years old and still alive serving Pumpkin spice soy lattes to college kids. My old man died peacefully at 63.
Baby Boomers
- Thread starter G-Boa
- Start date
It supports my reasoning for taking up smoking in my mid 30's. I don't want to be 75 years old and still alive serving Pumpkin spice soy lattes to college kids. My old man died peacefully at 63.
Ha, just finally quit smoking in my mid-20's...life is actually more enjoyable...it's like when you break up with a girl you despised at the time, even she seems wonderful when you're lonely...smoking is the same. Ugliest most disgusting girlfriend you ever had, but without her you're pining.
Quitting was truly difficult...but I still smoke when I drink or go to a beach vacation, can't really help it. Luckily I'm not an alcoholic and don't live near the beach.
Been gone all day - some interesting posts!!
The reverse mortgage business trend is something that certainly seems well-positioned on the horizon of things to come.
In a post i read a day or two ago someone mentioned that the money the boomers have for retirement, that is currently stored away in mutual funds, will start being liquidated for use. I thought that was pretty interesting also as he called it the "$12 trillion dump".
I'm sure there will be a growing demand for LTC (long term care) providers as well as nurses and retirement villages and golf courses etc.
But I'm also talking about trends into dividend-paying stocks for the money flow, or fixed index annuities with principal protection. There are many places for money to find itself....what are some of the best places for these older guys to be in??
Or, when they start cashing out, are they gonna be paying for their kids cars, grandkids clothes, appliances for the kids houses, etc etc.....I've been seeing it already....the up and coming are really battling and need a big lending hand.
Or, are they gonna get involved in the burgeoning derivatives markets for example.....old, smart people figuring out how to trade futures in global markets as the world opens it's doors. Hmmm.....maybe a little bit too risky, this one.
More ideas are welcome.....what changes do you see taking place in the nearer term, say 2 - 4 years, as opposed to the medium-to-longer-term??
The reverse mortgage business trend is something that certainly seems well-positioned on the horizon of things to come.
In a post i read a day or two ago someone mentioned that the money the boomers have for retirement, that is currently stored away in mutual funds, will start being liquidated for use. I thought that was pretty interesting also as he called it the "$12 trillion dump".
I'm sure there will be a growing demand for LTC (long term care) providers as well as nurses and retirement villages and golf courses etc.
But I'm also talking about trends into dividend-paying stocks for the money flow, or fixed index annuities with principal protection. There are many places for money to find itself....what are some of the best places for these older guys to be in??
Or, when they start cashing out, are they gonna be paying for their kids cars, grandkids clothes, appliances for the kids houses, etc etc.....I've been seeing it already....the up and coming are really battling and need a big lending hand.
Or, are they gonna get involved in the burgeoning derivatives markets for example.....old, smart people figuring out how to trade futures in global markets as the world opens it's doors. Hmmm.....maybe a little bit too risky, this one.
More ideas are welcome.....what changes do you see taking place in the nearer term, say 2 - 4 years, as opposed to the medium-to-longer-term??
"I thought that was pretty interesting also as he called it the "$12 trillion dump"."
Originally I thought because of this and the money leaving the market an excellent idea was to privatize some of the SS money for individuals to put in the market, sort of to compensate for the withdrawals, apparently that plan is DOA, prolly cause no one can figure out how to do it. But we do need something to prop up investments to compensate for the "12 trillion dump".
Almost forgot to ask, did the guy mention where the 12 trillion is going to go? Little here, little there, I suppose.
Originally I thought because of this and the money leaving the market an excellent idea was to privatize some of the SS money for individuals to put in the market, sort of to compensate for the withdrawals, apparently that plan is DOA, prolly cause no one can figure out how to do it. But we do need something to prop up investments to compensate for the "12 trillion dump".
Almost forgot to ask, did the guy mention where the 12 trillion is going to go? Little here, little there, I suppose.
These boomers are going to be nasty old fucks. I would not want to be a waiter in ten years. My dad whines about Outback Steakhouse not filling his takeout chowder to the top and will not give up until they offer him a freebie. I think the piss/beverage ratio will continue to rise, and many Gen'ers hope their parents kick the bucket early and leave all their money to them.
look - when crunch time hits....benefits will get cut in the name of some nefarious patriotic theme....
I mean the dollar can't sustain the stress since future outlays are 5 times the monetary base...it is really simple math and there is no GDP projection that can rescue this show.....
even the CPI, PPI charade is already beyond ridiculous, and when the numbers come out as 0.2% core every time, the enitre world is doubled over laughing,.......
GDP is negative no matter how you jix the data...
prediction: next months CPI is 0.2% core....book it.....
I mean the dollar can't sustain the stress since future outlays are 5 times the monetary base...it is really simple math and there is no GDP projection that can rescue this show.....
even the CPI, PPI charade is already beyond ridiculous, and when the numbers come out as 0.2% core every time, the enitre world is doubled over laughing,.......
GDP is negative no matter how you jix the data...
prediction: next months CPI is 0.2% core....book it.....
Most of the money will likely go for health care and nursing home. I have a relative in one now... costs about $6500/mo. When all of his assets are consumed, Medicare will take over his costs.
What will it cost in 20 years? Should the current money-pump inflation continue, it could easily be $20-30,000/mo. How long will a retired person's assets last at that rate?
"it could easily be $30,000/mo. How long will a retired person's assets last at that rate?"
For most?
About a week.
For most?
About a week.
Well, I would encourage all people in the boomer generation to tighten the belt now, if not already.
I watched a Cramer show a couple months ago and he mentioned a company, Medtronic, that is well positioned in the economy to be able to capitalize off the large numbers of clients it will be serving.
And there's a host of companies out there like this one. Who makes viagra again??
I watched a Cramer show a couple months ago and he mentioned a company, Medtronic, that is well positioned in the economy to be able to capitalize off the large numbers of clients it will be serving.
And there's a host of companies out there like this one. Who makes viagra again??
Another factor that is going to play out is all this money in 401(k)'s and IRA's (excluding Roths) are gonna be taxed upon withdrawal. Should help compensate the government.
Does anyone know if there are studies on this. Haven't read anything on it, just been thinking about it.
What is the tax on $12 trillion??
Does anyone know if there are studies on this. Haven't read anything on it, just been thinking about it.
What is the tax on $12 trillion??