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#168006 - 02/26/09 06:26 PM Re: Calculate your financial recovery [Re: 7point82]
DesertFox Offline

Registered: 01/04/07
Posts: 337
Loc: New York, NY
Originally Posted By: 7point82
(Seriously, I don't know JACK about economics. Just thinking out loud so you smart folks can straigten me out. grin)

Judging from your post, you know more than most of the "experts" making the morning talk-show circuit.

#168007 - 02/26/09 06:28 PM Re: Calculate your financial recovery [Re: MartinFocazio]
Am_Fear_Liath_Mor Offline
Carpal Tunnel

Registered: 08/03/07
Posts: 3077
I have just invented a new word which basically covers the scam;


Edit - Darn just googled it and it looks like I didn't afterall blush

Edited by Am_Fear_Liath_Mor (02/26/09 06:32 PM)

#168031 - 02/26/09 09:21 PM Re: Calculate your financial recovery [Re: Am_Fear_Liath_Mor]
2005RedTJ Offline

Registered: 01/07/09
Posts: 475
Loc: Birmingham, Alabama
I'm doing pretty well, I moved my 401K into the money market right before the crap hit the fan. I'm currently timing for when to re-invest it.

#168036 - 02/26/09 09:44 PM Re: Calculate your financial recovery [Re: MartinFocazio]
nurit Offline

Registered: 03/27/08
Posts: 191
Loc: NYC
Fantastic article. Thanks, Martin!

You'd think that a course in logic would be required for an MBA, wouldn't you?

#168339 - 03/02/09 12:42 AM Re: Calculate your financial recovery [Re: Arney]
Roarmeister Offline
Old Hand

Registered: 09/12/01
Posts: 847
Loc: Saskatchewan, Canada
Originally Posted By: Arney
Demogrpahically speaking, the Baby Boomer generation is just approaching retirement age. For that generation, there really isn't time for them to recover from something as big as this. The fallout from the upcoming swell of Boomers reaching retirement without enough money to support themselves because of the crash in investments and real estate is yet to be felt. If you think the stimulus is a lot of money to be throwing around, wait till the Boomers, as a big group, really start to need help.

I would tend to agree with you given the recent parameters of the economy. Most people lost around 40% of their retirement savings (in Canada its RRSPs and pension funds, you have the 401ks and stuff). Thus baby boomers have suddenly decided that they have to work more years to retire financially healthy. I personally worked it out that I can't retire earlier than 65 for the equivalent funds that I thought I could at 61. BBs are just beginning to retire right now but what will happen with other BBs delaying their retirement is that the switch from working to retired will happen over a shorter time period than previous expected. More people will retire in one big bunch!

This is going to have a really wacky affect on the employment figures and social structure of our society. This delayed retirement is also going to frustrate the Gen-X and Gen-Ys because they will want to move up the ladder and will find out that there is less room to go because the BBs are "blocking" their path. Statistically Canada has a higher number and % of BBs than the US does. In the short term this will resolve the current job shortages.

This delayed retirement will have further weird effects on the "unfunded liabilities" of our governements. Social Security for you and OAS for Canada.

You want to know what real pain is???

Edited by Roarmeister (03/02/09 12:47 AM)

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