[Shipping up to Boston]

Originally Posted by LeRoySmith

A couple of points I think you misspoke.

Statistically most of us get back more than we pay in. That said if we saved just our half of the ss contribution (6%) and invested it we would end up with 2 to 3 times what we typically collect.

My pension was fully funded by my employer.

My 401 was partially matched by my employer but the vast majority was my sole contribution.

It's pretty rare to have both a pension and matching 401, I was lucky. In today's employment world a traditional pension is all but gone. I worry for future workers. I'm happy to be able to start my family with a good headstart.

Most....is the keyword here
In my world, most have either employer or state/municipal funded pensions....invest in 401K or Roth and additionally, own real estate (rental properties). The latter acting as its own retirement cushion. But those decisions were made years ago with the benefit of foresight....knowing /fearing a bubble burst at some point in our lifetime. SS was always looked at as the slush fund (golf, eating out, road trips etc). A lot of luck and being at the right place at the right time....and being an active participant...not a spectator was the key. Easier path back then than it is now!

[LeRoySmith]

Originally Posted by Shipping up to Boston

Most....is the keyword here
In my world, most have either employer or state/municipal funded pensions....invest in 401K or Roth and additionally, own real estate (rental properties). The latter acting as its own retirement cushion. But those decisions were made years ago with the benefit of foresight....knowing /fearing a bubble burst at some point in our lifetime. SS was always looked at as the slush fund (golf, eating out, road trips etc). A lot of luck and being at the right place at the right time....and being an active participant...not a spectator was the key. Easier path back then than it is now!

When ROTH came around I wish they'd have explained them a little better/different. It was put to us that your tax situation at the time vs when you withdraw was the primary consideration for traditional vs ROTH. Looking back I wish someone would have asked me if I'd rather pay tax on the seed or the harvest. The tax rate means nothing when you add in years of compound earnings. I'd happily go back and pay tax at the time of earning vs paying it on all these years of growth. Still a pretty sweet deal.

[Shipping up to Boston]

Originally Posted by LeRoySmith

When ROTH came around I wish they'd have explained them a little better/different. It was put to us that your tax situation at the time vs when you withdraw was the primary consideration for traditional vs ROTH. Looking back I wish someone would have asked me if I'd rather pay tax on the seed or the harvest. The tax rate means nothing when you add in years of compound earnings. I'd happily go back and pay tax at the time of earning vs paying it on all these years of growth. Still a pretty sweet deal.

We always yielded to our more knowledgeable elders at the time...institutional knowledge for lack of a better term

[Shipping up to Boston]

Originally Posted by Normal

Yes, there is a “meet the candidate” meeting tomorrow at Everglades Recreation at 7PM.

This is the video of the ‘Candidates Meeting’ held on 7/18 ....hopefully informative to Sumter residents....


https://www.google.com/url?q=https:/...DqgYplVKAzEkct

[CoachKandSportsguy]

Originally Posted by LeRoySmith

When ROTH came around I wish they'd have explained them a little better/different. It was put to us that your tax situation at the time vs when you withdraw was the primary consideration for traditional vs ROTH. Looking back I wish someone would have asked me if I'd rather pay tax on the seed or the harvest. The tax rate means nothing when you add in years of compound earnings. I'd happily go back and pay tax at the time of earning vs paying it on all these years of growth. Still a pretty sweet deal.

Sometimes, our lack of comprehension is clouded by the uncertainty of the future. The future is always uncertain. The concept of retirement and playing a villages camper with a bazillion activities was unimaginable to me even up to as little as 5 years ago, even after we bought the house and we were still working.

At one point in my life because i worked in a dangerous industry and knew college classmates who had perished, I didn't think i would live past 30 years old if i continued

The battle for your money is constant:
1) the government taking taxes
2) the investment industry always hawking future spending requiring millions, hoping for investment dollars starting at birth (college funds, then downpayment funds, then retirement funds)
3) the leisure and entertainment industries wanting you to spend money today, especially on credit.

All that while trying to keep your job and trying to get promoted or improve your income.

I have met people who were forced to retire and had no idea what to do or where to live.

401K / IRA for the successful is fine on top of SS or other pension. If you don't need the extra money, just keep on investing it for income in a taxable account. You never know when you will need the money to continue to live independently.

good luck. . we couldn't invest in a ROTH due to income limitations as well as employer offerings were limited for 401ks. NTW, my mom at 97 has exhausted her IRA moneys, so now all income is essentially tax free . . .

[DrHitch]

Originally Posted by Robojo

And we have defrib stations everywhere.

I spoke directly to the person at the CDD responsible for managing the network of AEDs

There are over 900 AEDs in The Villages that are maintained through a network of volunteers and experts.

SO WHEN YOU CALL 911
that network is notified and a local person will unlock your nearby AED and bring it to your house .... Possibly even before the ambulance arrives.