Fox Biz news guest thinks it's fantastic that millions won't be able to retire

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sactoking

Diamond Member
Sep 24, 2007
7,582
2,817
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Of course a Fox contributor thinks not being able to retire is good news. How else will Baby Boomers (the prime Fox demographic and worst thing to happen to America in a long time) continue to fuck over the economy and job market and destroy the dreams on Gen X and Y all while blaming their problems on those damn Millenials who are too damn lazy to get a job (which don't exist because the Boomers won't retire!)
 
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Jaskalas

Lifer
Jun 23, 2004
34,004
8,040
136
I know a few people that retired and ended up going back to work. They didn't like having nothing to do.

As someone who came of age with the internet, I'll NEVER have "nothing" to do.

Second, not everyone at retirement age is physically fit or capable. Age begets disease and injury, and the rate of both seriously starts to skyrocket in your 60s. You're telling people who CANNOT physically work that they have no choice but to suffer in pain, agony, and humiliation as they attempt to play a young man's game. It is cruel and ridiculous.

Don't you dare tell me they should enjoy it. Some may, but working past retirement is not for everyone. Society should be better than to force people into it.
 

SMOGZINN

Lifer
Jun 17, 2005
14,221
4,452
136
I'll be retired at 48. Hopefully.

FIRE
FINANCIAL
INDEPENDENCE
RETIRE
EARLY

Stop spending money on crap you don't need. I've been saving money since I was 18. Invest. Compound interest is your friend. Why retire at 60/65. You ain't got much time left, and you're old! Just my 2 cents.

I thought the same thing when I was in my 20's. I worked hard, saved, and invested everything I could. I spent years putting off vacations, driving old beater cars that was just reliable enough to not replace, nearly everything I owed I bought used. I'm 46 now and there is no way I'll be retiring anytime soon. The truth is that unless you started way above the curve, or get really lucky with an investment, the odds are you will never catch up with inflation. Between taxes, investment costs, and inflation, you will only eek out a small profit, not nearly enough to retire on. Then if you get just a little unlucky it can all be wiped out by a single 'market correction' that will take away 20 years of added value. Sure, it will start to regrow, but it means you won't be retiring.
 

Greenman

Lifer
Oct 15, 1999
20,938
5,562
136
As someone who came of age with the internet, I'll NEVER have "nothing" to do.

Second, not everyone at retirement age is physically fit or capable. Age begets disease and injury, and the rate of both seriously starts to skyrocket in your 60s. You're telling people who CANNOT physically work that they have no choice but to suffer in pain, agony, and humiliation as they attempt to play a young man's game. It is cruel and ridiculous.

Don't you dare tell me they should enjoy it. Some may, but working past retirement is not for everyone. Society should be better than to force people into it.
I'm not suggesting anyone should have to work after retirement, I'm saying some do it voluntarily. I'm one of those, I doubt I'll ever be able to stop being productive.
 

Lanyap

Elite Member
Dec 23, 2000
8,185
2,232
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Donald Luskin is Chief Investment Officer for Trend Macrolytics LLC, a consulting firm providing investment strategy and macroeconomics forecasting and research for institutional investors. Luskin was a contributing editor and columnist both for National Review Online and smartMoney.com.



What a dick.
 

ch33zw1z

Lifer
Nov 4, 2004
38,200
18,670
146
I'm not suggesting anyone should have to work after retirement, I'm saying some do it voluntarily. I'm one of those, I doubt I'll ever be able to stop being productive.

The topic is regarding no choice but to work after retirement age.

Not working for money is not equal to not being productive.
 
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Nov 8, 2012
20,828
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Anyone who can't find anything to do outside of work must be one boring ass person.

Depending on your work - it kinda just takes over and replaces your hobbies. Add on top of that parenting, and your hobbies are mostly flushed down the toilet.

For example, I don't do gaming anymore. Having 1 hour per week isn't enough for me ever want to play a videogame anymore, because I would get slaughtered regardless. A lot of hobbies require time and dedication.
 

purbeast0

No Lifer
Sep 13, 2001
53,024
5,905
126
Depending on your work - it kinda just takes over and replaces your hobbies. Add on top of that parenting, and your hobbies are mostly flushed down the toilet.

For example, I don't do gaming anymore. Having 1 hour per week isn't enough for me ever want to play a videogame anymore, because I would get slaughtered regardless. A lot of hobbies require time and dedication.
That sounds like nothing more than excuse and rather a personality trait, and also sounds like a terrible way to go through life.
 
Nov 8, 2012
20,828
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That sounds like nothing more than excuse and rather a personality trait, and also sounds like a terrible way to go through life.

Meh, it is what it is. Go try playing CS as a n00b and tell me how fun it is. It requires time and dedication, that's just a fact.

The fact is - I had a shit ton more time when I was in highschool/college, unmarried, without kids, and without a job.


Now a lot of my fun in life is my job.
 

ch33zw1z

Lifer
Nov 4, 2004
38,200
18,670
146
Meh, it is what it is. Go try playing CS as a n00b and tell me how fun it is. It requires time and dedication, that's just a fact.

The fact is - I had a shit ton more time when I was in highschool/college, unmarried, without kids, and without a job.


Now a lot of my fun in life is my job.

Find a hobby or two that you can share with the family. Not immediately, but think about it. Becoming a workaholic will wear on the fam too.
 

jmagg

Platinum Member
Nov 21, 2001
2,099
403
126
I recently retired, and being in construction for 30 yrs, I can safely say I'm never bored and continue to be productive without the pressure and fatigue of difficult daily, and sometimes hourly decisions. One would have to be an idiot to care what some random person says on opinion tv or tweeter
 

nakedfrog

No Lifer
Apr 3, 2001
59,239
13,840
136
Meh, it is what it is. Go try playing CS as a n00b and tell me how fun it is. It requires time and dedication, that's just a fact.

The fact is - I had a shit ton more time when I was in highschool/college, unmarried, without kids, and without a job.


Now a lot of my fun in life is my job.
Single player games exist...
Find a hobby or two that you can share with the family. Not immediately, but think about it. Becoming a workaholic will wear on the fam too.
Yep, many hobbies work with young kids/families.
 
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vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,483
8,344
126
Wow. I just watched the clip. Yeah, fuck that guy sideways with a northern pike that some retired guy caught out of pure boredom. Old ass clinger-on'ers pulling in 2x to 3x what an entry level person can do are a blight on the younger generations.
 

sandorski

No Lifer
Oct 10, 1999
70,231
5,806
126
An Investment Strategist waxing poetic of being unable to afford Retirement. What's his Rate?
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,483
8,344
126
What this guy really doesn't seem to understand (or care to accept) is that Retirement isn't about the freedom of activity. It's the freedom of not having to depend on an employer for a paycheck. You aren't someone else's bitch anymore. The time for hobbies and activities are just a bonus.
 

Zorba

Lifer
Oct 22, 1999
15,244
10,817
136
I'll be retired at 48. Hopefully.

FIRE
FINANCIAL
INDEPENDENCE
RETIRE
EARLY

Stop spending money on crap you don't need. I've been saving money since I was 18. Invest. Compound interest is your friend. Why retire at 60/65. You ain't got much time left, and you're old! Just my 2 cents.
I save like crazy and have significantly more than many of the FIRE retiries. But you have to enjoy your life too. My dad died at 44, no guarantee you'll make it to 48.
 

Lanyap

Elite Member
Dec 23, 2000
8,185
2,232
136
I recently retired, and being in construction for 30 yrs, I can safely say I'm never bored and continue to be productive without the pressure and fatigue of difficult daily, and sometimes hourly decisions. One would have to be an idiot to care what some random person says on opinion tv or tweeter



Mmmm, sounds like honeydos and handyman. :)
 

dainthomas

Lifer
Dec 7, 2004
14,635
3,509
136
The topic is regarding no choice but to work after retirement age.

Not working for money is not equal to not being productive.

If you're not making money for capitalists, they don't view you as productive. Retirement is a cost they'd love to do away with.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
If you're not making money for capitalists, they don't view you as productive. Retirement is a cost they'd love to do away with.

It's no big deal to the people at the top. It's not like seniors will storm their gated communities & put them up against the wall. The homeless generally don't vote. Seniors don't last long livin' on the street, either, so the problem solves itself.