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In reply to the discussion: Half of Older Americans Have Nothing in Retirement Savings [View all]pnwmom
(108,925 posts)6. Your mother in law appears to have lucked out, but with the direction government has been going
I wouldn't count on that for people in our generation. They're already looking for every way they can slash Medicare and Medicaid.
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I won't ever sink into poverty either, but it bothers me that other senior women will.
llmart
Mar 2019
#30
My husband just retired as a ff at the end of January. He is 62. He also doesn't get anywhere
seaglass
Mar 2019
#83
No sick payout, that was eliminated about 20 years ago I think. The only vacation pay he got was
seaglass
Mar 2019
#89
Well it does depend on the plan, how much you made and how many years you accrued
UniteFightBack
Mar 2019
#88
Your mother in law appears to have lucked out, but with the direction government has been going
pnwmom
Mar 2019
#6
Yep, boomers don't realize how lucky they are and how fucked the younger generation is
ansible
Mar 2019
#7
We can and should fix social security for younger people by a combination of raising the cap
pnwmom
Mar 2019
#11
You bought your condo during the real estate crash of 2008-2012 and millions of foreclosures.
riverine
Mar 2019
#18
Congress gave the Federal Reserve just two mandates - Employment and Price Stability.
riverine
Mar 2019
#24
"those of us who saved our pennies, have seen the value of our savings dwindle at a fast clip"
brooklynite
Mar 2019
#56
I got a little to supplement social security and the house paid for, but it was tough...
PeeJ52
Mar 2019
#23
Many people don't know this but just because a company matches your contribution...
llmart
Mar 2019
#29
That's what I argued against when our union was voting on switching from pension to 401(k)...
PeeJ52
Mar 2019
#42
We've been self-employed much of our working lives, so our retirement plan is keep working.
Vinca
Mar 2019
#37
This has all been known for years. I've said for a long time schools need to teach basic finance....
machoneman
Mar 2019
#41
Got to stay as healthy as possible and plan on working till death do you
democratisphere
Mar 2019
#52
what about traditional savings accounts, equity in homes, savings other than 401K?
Demovictory9
Mar 2019
#92