Not at all. Plenty of communities in the US one can live independently and

Sign up, and you can make all message times appear in your timezone. Sign up

Report problem with this ad

Jun 23, 2021
7:10:46pm

valleus All-American

Not at all. Plenty of communities in the US one can live independently and

comfortably for 4K a year.

Report problem with this ad

valleus

Bio page: valleus
Joined: Feb 1, 2017
Last login: May 5, 2024
Total posts: 9,433 (2,202 FO)

Report problem with this ad

Messages

Author

Time

What do you do as a financial planner when people in their 50s-60s come into

shoganai

6/22/21 2:25pm

Following this. I've wondered the same thing. I had a good friend who mentioned

macdizzle

6/22/21 2:27pm

Help them be realistic about what “retirement” is going to look like for them.

6/22/21 2:32pm

Tell them to start looking at houses in other countries because that's the only way they'll be able to retire

molodyets

6/22/21 2:33pm

I've met people abroad who are only there because that's what they can afford.

ReyOso

6/22/21 2:57pm

What's their healthcare situation like?

shoganai

6/22/21 3:05pm

They usually pay small stuff out of pocket & have supplemental.

ReyOso

6/22/21 3:11pm

It's that last part that gets me

Gustav

6/22/21 3:30pm

A bunch of other risks I see, too.

ReyOso

6/22/21 3:42pm

Good advice would be to get in a job they can do into their 70s

TomPetty

6/22/21 2:34pm

Sobering video

rad dawg

6/22/21 2:34pm

Yea and lots of problems for a very big voting block. The Great Recession hurt!

Nat Gas Man

6/22/21 2:37pm

That guy is smart. I like his takes.

shammy

6/22/21 3:33pm

You have to get creative

KingDave

6/22/21 2:38pm

Seems super weird that people in that situation would even bother to approach a financial adviser at that point. Like,

Slim

6/22/21 2:39pm

Same miracle you might see patients expect of their Dr when they're basically killing themselves, I imagine.

Soupie

6/22/21 4:07pm

Good point

Slim

6/22/21 4:14pm

Millennials are in their 50s and 60s now? Wow. Time flies.

6/22/21 2:42pm

I believe the oldest millenials are turning 41 this year. Plenty of Gen Xers

shoganai

6/22/21 2:43pm

Yeah most of the studies show millennials save more than previous generations

6/22/21 2:52pm

Tell them to plan to work into their 70s I guess.

OPINIONS

6/22/21 2:45pm

I'm guessing they have a really nice truck though and probably some toys

Mayor of Cougartown

6/22/21 2:59pm

Tell the wife to slim down, take care of herself and look around for someone

RC Vikings

6/22/21 2:59pm

Work until 70, both spouses then take max SS. That is enough to live comfortably

valleus

6/22/21 9:11pm

Comfortable like a bean bag chair is comfortable

TomPetty

6/23/21 1:01pm

Not at all. Plenty of communities in the US one can live independently and

valleus

6/23/21 7:10pm

And I like bean bag chairs.4k or 40k?

TomPetty

6/24/21 8:36am

How much is little or no savings? South of $500K?

bad84cougar

6/23/21 12:46pm

Median net worth for 55-64 is around 200k.

rad dawg

6/23/21 12:56pm

wow, that is not a lot of money. Now I'm sad

Mayor of Cougartown

6/23/21 2:26pm

Just use your house as a cash register I guess - ReFi, ReFi, ReFi

bad84cougar

6/23/21 5:01pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad