A quick question for younger Bush supporters.

[IHateMyJob2004]

If oyu are under 30, and voting BUsh, I was wondering when you plan on retiring. If early retirment is a goal, etc.

What are your long term plans I mean. And when I refer to work, I am referring to working because you have to. If you want to retire and work 10 hours per week at hte library, that doesn't count.

 

[Mill]

I don't see how anyone under 30 could tell you that. Most people have just now gotten about 5-10 years of work experience after their degrees, and unless they have a high-paying job or have it made already they have no idea. I also don't understand what being a supporter of Bush or Kerry has to do with it. Care to elaborate?

Without knowing the economy in the future -- or if their job/financial prospect will improve/implode I don't see how anyone can give you an honest answer. I'm sure everyone WANTS to retire earlier, unless they are one of the rare people that has to have a job to feel ok -- regardless of hobbies or travel. I think if you asked people 35+ or 40+ you'd have a better answer...

 

[bozack]

I am 28 and planning on voting for Bush so I guess I qualify....

With regards to Retirement I am not planning on social security and never liked the idea in the first place, instead I have my own personal investments and also contribute heavily into IRA accounts and what not, also I don't plan on retiring until after 62 (IF I make it that far) as I see no point in sitting around and doing nothing, however when I get older my feelings might change on the latter.

 

[IHateMyJob2004]

Originally posted by: Mill
I don't see how anyone under 30 could tell you that. Most people have just now gotten about 5-10 years of work experience after their degrees, and unless they have a high-paying job or have it made already they have no idea. I also don't understand what being a supporter of Bush or Kerry has to do with it. Care to elaborate?

Without knowing the economy in the future -- or if their job/financial prospect will improve/implode I don't see how anyone can give you an honest answer. I'm sure everyone WANTS to retire earlier, unless they are one of the rare people that has to have a job to feel ok -- regardless of hobbies or travel. I think if you asked people 35+ or 40+ you'd have a better answer...

Well, I'm expecting some people to be honest, like yourself:
"Retirment plannning? What's that?"

Just trying to see if people are willing to admit that under the Bush administration, people might never retire due to the long term damage he could do with 4 more years.

PS: I started planning my retiremnet at 24 and one of the major reasons I'm not voting Bush is because I plan to retire at 45.

 

[Mill]

Originally posted by: IHateMyJob2004

Originally posted by: Mill
I don't see how anyone under 30 could tell you that. Most people have just now gotten about 5-10 years of work experience after their degrees, and unless they have a high-paying job or have it made already they have no idea. I also don't understand what being a supporter of Bush or Kerry has to do with it. Care to elaborate?

Without knowing the economy in the future -- or if their job/financial prospect will improve/implode I don't see how anyone can give you an honest answer. I'm sure everyone WANTS to retire earlier, unless they are one of the rare people that has to have a job to feel ok -- regardless of hobbies or travel. I think if you asked people 35+ or 40+ you'd have a better answer...

Well, I'm expecting some people to be honest, like yourself:
"Retirment plannning? What's that?"

Just trying to see if people are willing to admit that under the Bush administration, people might never retire due to the long term damage he could do with 4 more years.

PS: I started planning my retiremnet at 24 and one of the major reasons I'm not voting Bush is because I plan to retire at 45.

I said I didn't know what retirement planning was? There's a difference between "planning" for your retirement and planning to retire. Two totally different ideas my friend. I suggest you research them before putting words in my mouth. Thanks...

 

[IHateMyJob2004]

Originally posted by: Mill

Originally posted by: IHateMyJob2004

Originally posted by: Mill
I don't see how anyone under 30 could tell you that. Most people have just now gotten about 5-10 years of work experience after their degrees, and unless they have a high-paying job or have it made already they have no idea. I also don't understand what being a supporter of Bush or Kerry has to do with it. Care to elaborate?

Without knowing the economy in the future -- or if their job/financial prospect will improve/implode I don't see how anyone can give you an honest answer. I'm sure everyone WANTS to retire earlier, unless they are one of the rare people that has to have a job to feel ok -- regardless of hobbies or travel. I think if you asked people 35+ or 40+ you'd have a better answer...

Well, I'm expecting some people to be honest, like yourself:
"Retirment plannning? What's that?"

Just trying to see if people are willing to admit that under the Bush administration, people might never retire due to the long term damage he could do with 4 more years.

PS: I started planning my retiremnet at 24 and one of the major reasons I'm not voting Bush is because I plan to retire at 45.

I said I didn't know what retirement planning was? There's a difference between "planning" for your retirement and planning to retire. Two totally different ideas my friend. I suggest you research them before putting words in my mouth. Thanks...

Two different ideas? You can't have one without hte other my friend.

 

[Mill]

Originally posted by: IHateMyJob2004

Originally posted by: Mill

Originally posted by: IHateMyJob2004

Originally posted by: Mill
I don't see how anyone under 30 could tell you that. Most people have just now gotten about 5-10 years of work experience after their degrees, and unless they have a high-paying job or have it made already they have no idea. I also don't understand what being a supporter of Bush or Kerry has to do with it. Care to elaborate?

Without knowing the economy in the future -- or if their job/financial prospect will improve/implode I don't see how anyone can give you an honest answer. I'm sure everyone WANTS to retire earlier, unless they are one of the rare people that has to have a job to feel ok -- regardless of hobbies or travel. I think if you asked people 35+ or 40+ you'd have a better answer...

Well, I'm expecting some people to be honest, like yourself:
"Retirment plannning? What's that?"

Just trying to see if people are willing to admit that under the Bush administration, people might never retire due to the long term damage he could do with 4 more years.

PS: I started planning my retiremnet at 24 and one of the major reasons I'm not voting Bush is because I plan to retire at 45.

I said I didn't know what retirement planning was? There's a difference between "planning" for your retirement and planning to retire. Two totally different ideas my friend. I suggest you research them before putting words in my mouth. Thanks...

Two different ideas? You can't have one without hte other my friend.

I don't know how I could elaborate anymore, but I'll try. Troll or not you deserve some attention. The age a which you plan to RETIRE is a very different concept than PLANNING for your RETIREMENT. If you have a 401k or any investments you are pretty much planning for your retirement. If you are sitting in a chair saying "I want to retire at 35" then that's just making a plan at which age. Two very different things whether you think I'm playing semantics or not.

 

[TheGameIs21]

32 and a republican Going to answer anyway.

Planning to retire at 40(ish) is rediculous. That is actually alot like trying to win the lottery. When it comes to retirement planning, you have to have a goal and I congradulate you on at least starting your retirement planning at the age of 24. Not many people understand the need for it at that age.

Now onto your question that is really nothing more than an anti bush setup from your post above.

What are my longterm plans?
1. Participate in all company matching Retirement Plans. (ESPP, 401K etc...)
2. Limit big ticket items purchased with a high interest rate CC (over 10%).
3. Pay my debts off on the 14 day payment plans putting extra $$ on the highest interest rate debt at the time)
4. Putting money into my childrens 529 accounts started at their birth. I have three children, one born in 03. and all three have accounts started.
5. Not putting any trips on a credit card. Pay cash for all-inclusive trips. This requires saving but I have done 2 trips all cash and one of them paid for my family of 5 to go to Disney.
6. I plan on retiring at around 55.
7. None of Bush's plans will effect the plans I have above. I created the plan above so that MY choices are what can change the outcome, not any administrations.

 

[b0mbrman]

Age 24, voting for Kerry but barely...I "support" Bush to the point that I feel compelled to answer your question.

I could retire at age 43...though I probably won't.

I'm saving 10% of after-tax income but focus on investing in research and labor (my labor)-intensive things like real estate. At the moment, I own four apartment units and plan to buy another building within the next three years. Like Train, I'd also like to do partially own and operate a small business by age 30 but would do it with a friend.

I'm also working on a plan to reinvest in personal capital--that is, returning to school a few years down the line.

 

[Train]

I've actually put quite a bit of thought into retirement planning, started my ROTH IRA 2 years ago, I'd starve to death before I put anything less than the maximum contribution into it each year, the years before 30 are the most important. If you start at age 22, max out your Roth IRA ($3,000) each year for 10 years. When you retire at 65 youll have 2.2 Million)

I didnt start until I was 24, but I had a friend at the time who was a financial adviser, he was getting a lot of young people to start doing it, he had several people as young as 19 start thier IRA's

But overall thats the backup plan. Optimistically, I want to own my own (successful) business by 30, and I hope to have a million in cash by age 40

 

[Mill]

For the record, I've already planned a fair amount for my retirement, but not being out of University yet precludes me from being able to make a full plan. I plan to retire at whatever age I feel secure enough at. Could be 40 could be 65. Who knows? I do know that I will max out my IRA(or equivalent) and will only carry a mortgage as debt. I've actually got 50% of my house paid off already, so I have it free and clear by the time I'm 25. After that just working my tail off, invest the money, and then decide when I want to stop working.