View Poll Results: Change retirement age to beyond age 65
Voters: 157. You may not vote on this poll
COVID and the case for beyond age 65?
05-18-2020 | 05:45 AM
#33
Line Holder
Joined: Nov 2018
Posts: 332
Likes: 17
What yourself? "10% in equities"...that's not true...it's not the industry standard or recommendation. Retirees are planning on living another 20+ years correct? So the must still think long-term and for that reason it is recommended to stay invested in the stock market. Of course their risk tolerance is less, they must move money into more secure stocks or ETF's. Also the standard recommendation is to have a large percentage of your portfolio in cash, to be able to "survive" a 2-3 year market down-turn without having to sell equities at a market bottom. I don't know anyone who recommends that retirees have only a 10% exposure to equities when within five years of retirement throughout their retirement.
05-18-2020 | 06:31 AM
#34
Quality of Lifer
Joined: Oct 2015
Posts: 691
Likes: 5
From: M88A
Lol, what a bunch of a-holes right? These young millennial snowflakes bastards should be honored to sit on the street for an extra 4 years To get you more money in your pocket. What is this world coming to? No respect for the older generations these days.
I won’t mind:
moving, taking kids out of private school, not going on vacation, downgrading/eliminating car expenses, etc etc.........easy. GFY
I won’t mind:
moving, taking kids out of private school, not going on vacation, downgrading/eliminating car expenses, etc etc.........easy. GFY
05-18-2020 | 06:39 AM
#35
Gets Weekends Off
Joined: May 2015
Posts: 2,960
Likes: 0
From: Power top
What yourself? "10% in equities"...that's not true...it's not the industry standard or recommendation. Retirees are planning on living another 20+ years correct? So the must still think long-term and for that reason it is recommended to stay invested in the stock market. Of course their risk tolerance is less, they must move money into more secure stocks or ETF's. Also the standard recommendation is to have a large percentage of your portfolio in cash, to be able to "survive" a 2-3 year market down-turn without having to sell equities at a market bottom. I don't know anyone who recommends that retirees have only a 10% exposure to equities when within five years of retirement throughout their retirement.
05-18-2020 | 07:34 AM
#37
Gets Weekends Off
Joined: Jun 2010
Posts: 238
Likes: 0
I like your thinking.. Every study on this topic I have ever seen shows once you have enough money to not worry about meeting your basic needs that any additional money does very little to increase happiness. And yet we spend most of our lives trying to disprove that.
My takeaway. I don't think any of us "need" to work past 65.
My takeaway. I don't think any of us "need" to work past 65.
05-18-2020 | 07:55 AM
#38
Gets Weekends Off
Joined: Jun 2015
Posts: 4,116
Likes: 1
I like your thinking.. Every study on this topic I have ever seen shows once you have enough money to not worry about meeting your basic needs that any additional money does very little to increase happiness. And yet we spend most of our lives trying to disprove that.
My takeaway. I don't think any of us "need" to work past 65.
My takeaway. I don't think any of us "need" to work past 65.
An old fart with no bills can live on a pretty modest income. No worries, no stress.
05-18-2020 | 01:00 PM
#39
Gets Weekends Off
Joined: Apr 2011
Posts: 5,816
Likes: 5
From: retired 767(dl)
05-18-2020 | 06:05 PM
#40
Gets Weekends Off
Joined: Oct 2012
Posts: 111
Likes: 0
I flew with a great guy that was about 53. Been a captain a couple years and was furloughed once. He had over 2 million in his 401k. I don’t see how most guys that are almost 65 and have been captains for a while don’t have enough to retire soon. They should Have been mostly out the market anyway by now. They also got a boost being able to go to 65 once already in their career.
