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Having trouble strechhhhing your Social Security/Pension? Well hell, move to Chiang Mai, Thailand!

Via: Buy (RENT) in Chiang Mai

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Size : 60 sqm (646 sf)

Bedrooms : 2
Bathrooms : 2
Furnished : Fully
Airconditioned : Fully
Floor :
 2
Location : Chareon muang Rd. Soi 8 (Soi Kai Daeng)

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1y Contract :6,500 THB/month (6,500 @ 32.50 =  $200 USD per month!)
6m Contract : 7,500 THB/month

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Nice 60sqm. condo for rent in PP Condominium with 2 bedrooms, 2 bathrooms.  All come fully furnished , living room with open kitchen  Very nice and quiet place.

This condo is located close to Train Station and Super Highway. Only 10 minutes to Central Festival,Big-C,Makro and  Chaing Mai Bus terminal.

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– See more at: http://www.buyinchiangmai.com/ppf-204.html#sthash.YJIAH2VJ.dpuf

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June 27, 2014 Posted by | Uncategorized | , , , , | Leave a comment

The Retirement Apocalypse That ISN’T Coming

Via:Bloomberg

 

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Grandma’s much-anticipated Arctic cruise becomes a slow drift away on an ice floe. Grandpa mortgages his kidneys to pay for a new heart. Social Security is deader than disco and “IRA” only refers to guys named Ira.

That bleak vision is only a slight exaggeration of the catastrophes foretold by many experts, the media and financial firms.

It’s a scare tactic that’s moved the tone of the U.S. savings and retirement conversation from a constructive call to action to an alarmist frenzy. No one argues that building a solid financial future is easy — wages are stagnant, markets have been disappointing and Americans are getting older and living longer. Still, retirement isn’t going the way of the carrier pigeon. Innovative retirement plans and new policies and products point to a future richer than many workers imagine.

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Fear is a poor motivator, as those who advocate exercise and smoking cessation know. Environmentalists have also figured this out. One study found that the more catastrophic the prediction about climate change, the more skeptical listeners became. Dire scenarios often cause people to give up, throwing up their hands in the face of a seemingly insurmountable challenge. It’s something Erik Carter, who travels around the country for financial adviser Financial Finesse, sees all the time. When he speaks with workers about retirement, pessimists far outnumber optimists: “They’re discouraged to take any action, because they just don’t think they’re going to retire.”

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At the heart of their fear is the fate of the financial safety net we subsidize with every paycheck. Just 6 percent of the millennial generation expect to get their full benefits from Social Security, according to the Pew Research Center. Half believe they’ll get nothing at all. The trust fund built up to pay for Baby Boomer retirements does run out in 2033, but even then Social Security should be able to pay 77 percent of benefits. And that’s assuming politicians can’t find extra revenue for what is arguably the government’s most popular and effective program.

Pew finds more than 80 percent of all generations, including millennials, support Social Security and Medicare.

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http://www.bloomberg.com/news/2014-05-19/the-retirement-apocalypse-that-isn-t-coming.html?cmpid=yhoo

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And then, you have ass-holes like Ayn Rand Paul saying Social Security is goin to run out of money in the next ten-years –

Well, NO its NOT!

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May 20, 2014 Posted by | Uncategorized | , , , , , , , | Leave a comment

My latest, ‘HERO of the Day’

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I retired at FIFTY-SEVEN (57), and so can you!

IF, you are willing to live somewhere less expensive; and it doesn’t matter where: Mexico, Panama, Costa Rica, Philippines, Thailand, >>>

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My choice, Chiang Mai, Thailand.

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‘Chiang Mai – Selected as one of the most affordable places to live (That’s right, AGAIN!)’

http://seattle99.wordpress.com/2013/09/06/chiang-mai-selected-as-one-of-the-most-affordable-places-to-retire-thats-right-again/

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March 26, 2014 Posted by | Uncategorized | , , , , | Leave a comment

Retirement: A third have less than $1,000 put away

Via: USA Today

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Most people have very little tucked away for retirement, and many aren’t even trying to figure out how much they’ll need later in life, a new national survey reveals.

About 36% of workers have less than $1,000 in savings and investments that could be used for retirement, not counting their primary residence or defined benefits plans such as traditional pensions, and 60% of workers have less than $25,000, according to a telephone survey of 1,000 workers and 501 retirees from the non-profit Employee Benefit Research Institute and Greenwald and Associates.

Only 44% say they or their spouses have tried to calculate how much money they’ll need to save by the time they retire so that they can live comfortably in their golden years, the survey shows. Workers who have done calculations on what they need to save tend to have higher levels of savings than those who haven’t crunched the numbers.

http://www.usatoday.com/story/money/personalfinance/2014/03/18/retirement-confidence-survey-savings/6432241/

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March 19, 2014 Posted by | Uncategorized | , , | Leave a comment

If they could, they would.

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December 23, 2013 Posted by | Uncategorized | , , , , , , | Leave a comment

HOLY KRAP! Pensions ask retirees to pay back TENS of THOUSANDS!

Via: CNN Money

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Carole Grant (photo) , 75, was told by the sheet metal worker’s plan that she owed almost $61,000 (roughly half of which was interest) for nearly 20 years of overpayments on the spousal benefits she received from her deceased husband’s pension. Her monthly benefit of $394 should have actually been $249, the pension fund said.

As a result, she’s been asked to make an UPFRONT PAYMENT of $54,000 and her check has been reduced to $187 a MONTH. While she has other sources of income, she doesn’t think she should have to turn over her retirement savings.

“I don’t feel that I should be penalized for the mistakes that they made,” she said.

http://money.cnn.com/2013/10/24/retirement/pension-overpayments/index.html

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October 25, 2013 Posted by | Uncategorized | , , , | Leave a comment

How to fix Social Security

FACTS:

1. Ayn Rand collected Social Security.

2. Rep. Ron Paul collects Social Security.

3. Rep. Paul Ryan used Social Security ‘suviviors insurance’ to pay his way through Univeristy of Miami – Ohio.

4. Ryan and Paul want to eliminate Social Security.

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Don’t let it happen, Re-ELECT Obama/Biden!

August 13, 2012 Posted by | 2012, GOP morons, Paul Ryan, Pawlenty, President Obama | , , , , , , , , , , , | 1 Comment

Your Grandparents Are Spending All of Their Money

Via: the Atlantic Wire

The Wall Street Journal has some news for you, Baby Boomers: Not only have you suffered financially in the recession, but that inheritance you’re counting on from your parents, well, you might not get it after all. This is because today’s grandparents are probably going to live a long time, long enough to spend their money for themselves. You might actually have to take care of them. Curses! According to Anne Tergeson:

‘As a group, boomers likely won’t be getting as much of an inheritance as they hoped. Even worse, far from receiving a bequest, a growing number are tapping some of their own savings to help their cash-strapped parents make ends meet.

For families, the result is often a lot of scrambling, dashed dreams, and conflict and angst as parents and children try to come to grips with the lean new reality—and divide up a smaller pie.’

The growing aging population in the U.S. is a real thing, not to be scoffed at.

Tergenson gives us the numbers: “a 65-year-old man has a 60 percent chance of living to age 80 and a 40 percent chance of reaching 85. For women, the odds are 71 percent and 53 percent, respectively.” This means that seniors aged 85 and older are actually the quickest growing portion of the population. Which means, best case scenario, hooray: Our parents and grandparents will be with us for a long while!

But not everyone has planned, financially or otherwise, to live that long—and even if they have, the money they’ve saved may not be enough to cover it, particularly if they become ill and need medical treatment. And living so long, who won’t? As Michael Wolff wrote in New York magazine in May, the parents of adult parents are living longer and longer, even past the point some would describe as actually “living,” instead being kept only basically alive by doctors and medical technologies. This is a real issue.

http://www.theatlanticwire.com/national/2012/06/your-grandparents-are-spending-all-their-money/53404/

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FACTS:

– A ‘baby boomer’ is a person who was born during the demographic Post-World War II baby boom between the years 1946 and 1964′; which would put their age, between (48-66).

– If you figure 20 years per generation, baby-boomers’ would have parents between (68-86), and grand-parents between (88-106).

– So, many of us, ‘baby-boomers’, consider themselves very fortunate to still have parents alive; let alone, grandparents.

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Note: three of my grandparents died before I was born. My ‘Mom’s Mom’ passed away when I was 19.

http://jonsfamily.wordpress.com/2009/05/05/52-it-was-back-to-the-pacific-northwest/

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Bottom-line: I think WSJ should do the math; and the article should read:

‘CHILDREN of the baby-boomers, are fucked’ (see photo).

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personal story:

By living in Thailand, I will be able to leave my sons a larger inheritance; and you know what?

I feel DAMN GOOD good about it!

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related post:

’77 Pride and Inspiration – my sons

http://jonsfamily.wordpress.com/2009/05/05/77-%e2%80%93-pride-inspiration-my-sons/

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June 12, 2012 Posted by | Uncategorized | , , , , | Leave a comment

Jason Chaffetz (R-UT) – ‘GOP Moron x pi’ of the Day

Via: Wonkette

Representative Jason Chaffetz, a Republican (duh) from Utah, has a lot in common with his fellow Republicans, given that he thinks that fixing the deficit is a very, very important issue, but! not so important that we should be willing to cut defense spending or let the Bush tax cuts expire to get the job done.

See, to Representative Jason Chaffetz, the deficit is a very specific level of important that necessitates raising the retirement age to 72, but does NOT require the expiration of the Bush tax cuts.

In an op-ed over at The Hill called “Washington Has a Spending Problem, Not a Revenue Problem,” Chaffetz patiently explains that if we’d all just be willing to pitch in and sacrifice a little — you know:

– retire at 72

– privatize Medicare

– limit government assistance to Poors, that sort of thing

bottom-line: We can protect the interests of oil companies and rich people AND fix the deficit!

http://wonkette.com/474904/utah-republican-jason-chaffetz-has-some-original-ideas-on-fixing-the-deficit#more-474904

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June 12, 2012 Posted by | 2012, GOP morons | , , , , , , , , , , , | Leave a comment

“Quote of the Day”

Via: The Economic Times

Retirement ages will have to move to 70, 80 years old,” Benmosche, who turned 68 last week, said during a weekend interview at his seaside villa in Dubrovnik, Croatia. (see photo)

 “That would make pensions, medical services more affordable. They will keep people working longer and will take that burden off of the youth.”

“Of course the youth will never get an opportunity to work; but hey, tough shit.”, he didn’t add.

– Robert Benmosche, CEO, AIG

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Read more, HERE:

http://economictimes.indiatimes.com/news/international-business/aig-chief-robert-benmosche-sees-retirement-age-at-80-after-euro-crisis/articleshow/13828151.cms

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Yes, we know.

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June 5, 2012 Posted by | 2012, Occupy Wall Street, We Are the 99 Percent | , , , , , , , , , | Leave a comment