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PeakOil is You

PeakOil is You

The End of Retirement

Discussions about the economic and financial ramifications of PEAK OIL

Re: The End of Retirement

Unread postby emeraldg40 » Tue 16 Dec 2008, 17:50:57

Some people in healthcare will be job hunting soon as well. The advent of the electronic health record will slash labor needs tremendously. Im already in battle mode, I work with 2 Doctorates of Pharmacy who want to do my peon tech work so they can stay viable and needed. With no work rules they might just win..........of course Ill go kicking and screaming but hey I can sit here and watch Vince Vaughn all day..........you see there is always a trade off :).
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Re: The End of Retirement

Unread postby vision-master » Tue 16 Dec 2008, 18:00:58

$this->bbcode_second_pass_quote('retiredguy', 'O')f course. I've had a number of people, who made no preparation for retirement, tell me that they will work until they die. That's completely delusional.
But there are still old guys like me who know COBOL and BAL and there are millions and millions of lines of that code still doing productive work every day. Until my brain starts dribbling out of my nose, I can still throw code.

Being a former Building Operator that's computer literate, has plumbing, HVAC/R skills, can run unlimited HP boilers and able to move desks and hang pictures :razz: I could anyways dig something up.
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Re: The End of Retirement

Unread postby Ludi » Tue 16 Dec 2008, 18:13:58

$this->bbcode_second_pass_quote('retiredguy', ' ')I've had a number of people, who made no preparation for retirement, tell me that they will work until they die. That's completely delusional.

Maybe they meant they will work until they can't work anymore and then likely die soon afterward if there is no one to support them. Like folks used to do.
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Re: The End of Retirement

Unread postby retiredguy » Tue 16 Dec 2008, 19:11:46

Or get fired for incompetence/incontinence.
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Re: The End of Retirement

Unread postby Jester » Tue 16 Dec 2008, 19:51:44

Or they'll get fired shortly before they'd be retiring, then go and shoot their boss...
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Re: The End of Retirement

Unread postby glowring » Tue 16 Dec 2008, 23:12:07

Not everyone was wrong. You need to listen to the smart guys. said, that in two years Billl gaytes will have the same amount of money as you will, nothing.

there is total colapse of the economic system where everyone will loose everything. They will throw gold and silver into the streets. Why? Because there will be no food, and you cant eat gold.

You can print this and hang it on your wall and eat it in two years.
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Re: The End of Retirement

Unread postby patience » Wed 17 Dec 2008, 10:54:40

Quote:
"Maybe they meant they will work until they can't work anymore and then likely die soon afterward if there is no one to support them. Like folks used to do."

Right, Ludi. That's pretty much where I expect to be. We are supporting our kids now, getting them established, so that they can support us later when we are no longer able to work. Actually, I look forward to the 19th century lifestyle!
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Re: The End of Retirement

Unread postby Ludi » Wed 17 Dec 2008, 12:01:55

$this->bbcode_second_pass_quote('patience', 'R')ight, Ludi. That's pretty much where I expect to be. We are supporting our kids now, getting them established, so that they can support us later when we are no longer able to work. Actually, I look forward to the 19th century lifestyle!

Unfortunately, not all of us have children. We will be those who die soon after not being able to work, because we will have no support.
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Re: The End of Retirement

Unread postby cube » Wed 17 Dec 2008, 13:09:23

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('patience', 'R')ight, Ludi. That's pretty much where I expect to be. We are supporting our kids now, getting them established, so that they can support us later when we are no longer able to work. Actually, I look forward to the 19th century lifestyle!
Unfortunately, not all of us have children. We will be those who die soon after not being able to work, because we will have no support.

It is better to NOT have children IMHO. According to a calculator at Bankrate.com, it will cost you $190,000 to raise a child to age 18.
By not having children the money you saved could instead be plowed into investments like for example buying an apartment building. You can end up like Mr Roper from the 1970's sitcom Three's Company
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It's not sexy, but being a landlord will guarantee you a steady supply of inflation adjusted income no matter how long you live.
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Re: The End of Retirement

Unread postby patience » Wed 17 Dec 2008, 13:25:54

Have no idea what we spent on our kids, and don't care. It was worth it at any price. They are 40 and 42 years old now, have contributed to the family far more than they were ever given. I think the "cost" of raising kids must have been calculated by an academic/banker, who had never experienced such a thing!
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Re: The End of Retirement

Unread postby cube » Wed 17 Dec 2008, 13:45:31

$this->bbcode_second_pass_quote('patience', 'H')ave no idea what we spent on our kids, and don't care. It was worth it at any price. They are 40 and 42 years old now, have contributed to the family far more than they were ever given. I think the "cost" of raising kids must have been calculated by an academic/banker, who had never experienced such a thing!
You must of lived in a different time period when parents actually taught their kids to grow up!

You should see how parents treat their kids these days.......well actually you probably do NOT want to see it.
*seriously*
$190,000 is actually a fair calculation But it doesn't end at age 18. I know people who literally make over $120,000 a year working as software engineers but that doesn't stop them from crying to mommy and daddy asking for (*help* --> aka free money) to put a down payment on a house.
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Re: The End of Retirement

Unread postby ReverseEngineer » Wed 17 Dec 2008, 15:42:18

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('patience', 'R')ight, Ludi. That's pretty much where I expect to be. We are supporting our kids now, getting them established, so that they can support us later when we are no longer able to work. Actually, I look forward to the 19th century lifestyle!
Unfortunately, not all of us have children. We will be those who die soon after not being able to work, because we will have no support.

If you don't have your own kids, ADOPT some! Pat yourself on the back for not contributing to Overshoot, and pick out some people to help if you have the means to do so. I adopted an entire family :-) All my Preps go to Suzie Homemaker and her family when its time for me to give myself up to the Bear. Long as I am still productive I'll help them as much as I can, and once I am too sick or break a leg, hopefully they care for me for a while and aren't ungreatful a$$holes like some kids are. The nice part about Adoption like this is you can PICK the family you adopt, and look for folks with good values who you genuinely like and trust. Maybe that trust gets broken at the end, but hopefully not.

Ties between people are not all by blood. Its mostly about genuinely caring for others. Its my experience that when you genuinely CARE, this is an investment that pays back well. Its NOT a Ponzi Scheme.

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Re: The End of Retirement

Unread postby Ludi » Wed 17 Dec 2008, 18:12:03

We've sort of adopted a family, but I doubt the kid will be around to care for us in our old age, he'll probably be long gone by then...

I do like the idea of non-blood-related families though. In fact, this kid is himself adopted by his grandparents and not a blood relative to any of the rest of the family since his grand-dad died a couple weeks ago.
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Re: The Growing Ranks of the Unretired

Unread postby VMarcHart » Fri 19 Dec 2008, 10:02:21

$this->bbcode_second_pass_quote('Ayoob', '')$this->bbcode_second_pass_quote('Tyler_JC', 'W')here are the unretired going to find jobs then?
Maybe you should ask the illegals.

Right, blame the fella breaking his back earning $5/hour. Here's a suggestion: why don't we fire and deport Jim Carrey (an immigrant earning $20M/year) and Charlize Theron (another immigrant earning $10M/movie)? That would free up millions for the rest of us.
On 9/29/08, cube wrote: "The Dow will drop to 4,000 within 2 years". The current tally is 239 bold predictions, 9 right, 96 wrong, 134 open. If you've heard here, it's probably wrong.
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Re: The End of Retirement

Unread postby VMarcHart » Fri 19 Dec 2008, 10:06:33

$this->bbcode_second_pass_quote('patience', 'I') think the "cost" of raising kids must have been calculated by an academic/banker, who had never experienced such a thing!
Not necessarily. Perhaps by someone with algebra skills, or by someone who plans, or by someone who wants to live within its limits.

Sorry for being off-topic.
On 9/29/08, cube wrote: "The Dow will drop to 4,000 within 2 years". The current tally is 239 bold predictions, 9 right, 96 wrong, 134 open. If you've heard here, it's probably wrong.
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