Random Jabber Jibber thread

BarnBuster

Virtually Unknown Member
"Each and every day, Generation X moves a little closer to full retirement age. The question is, when will Gen X be able to get serious about actually saving enough for retirement? The youngest among us are approaching forty years old. While the older members of Generation X are solidly in their fifties, we can see the light at the end of the tunnel, financial freedom and retirement are within reach. However, will we be emotionally and financially prepared to leave the workforce behind? An alarming number of GEN X workers have no plan for retirement. Many have not even thought to figure out what they need to do now so they won’t still have to work at 70."

https://www.forbes.com/sites/davidrae/2019/07/10/generation-x-retirement/#7cffd1034a30
 

tyler.durden

Well-Known Member
I was thinking he might be working a fun wedding or doing a concert.
Hello, Good Doctor. Strangely, I have no gigs. I'm going to hang with my pianist buddy Friday night. We get high, drink some nice bourbon or a single malt, and play music that WE love, as opposed to the trite wedding garbage we usually have to play. That's not really fair, some of the wedding and event music is okay. But it's nothing like the meaty, technical, arcane music that we choose to play. These nights really feed the soul. Saturday and Sunday are supposed to be really nice weather here, so I'm going to busk at the zoo and downtown on those days. I haven't been out busking in a while, it should be fun. What are you up to?
 

tyler.durden

Well-Known Member
"Each and every day, Generation X moves a little closer to full retirement age. The question is, when will Gen X be able to get serious about actually saving enough for retirement? The youngest among us are approaching forty years old. While the older members of Generation X are solidly in their fifties, we can see the light at the end of the tunnel, financial freedom and retirement are within reach. However, will we be emotionally and financially prepared to leave the workforce behind? An alarming number of GEN X workers have no plan for retirement. Many have not even thought to figure out what they need to do now so they won’t still have to work at 70."

https://www.forbes.com/sites/davidrae/2019/07/10/generation-x-retirement/#7cffd1034a30

I've thought about that and have determined there's no WAY I'm going to live that long. No problem...
 

GreatwhiteNorth

Global Moderator
Staff member
I've got a solid retirement plan. Someone has to win why not me?

Lottery win is retirement plan for 34% of poll respondents

CBC News · Posted: Jan 30, 2014 11:22 AM ET | Last Updated: January 30, 2014
A majority of Canadians recently polled say they are relying on the Canada Pension Plan, many of them heavily, to get through retirement.

The Bank of Montreal survey found that 89 per cent said they would have to rely on the CPP or the Quebec Pension Plan when they stopped working.

Nearly a third — 31 per cent — said say they will count "heavily" on the government pension plan.

Meanwhile, 88 per cent of respondents said they would use personal savings like RRSPs or tax-free savings accounts to help fund retirement, while 59 per cent said they would likely take a part-time job.

Other options included the 49 per cent of respondents who planned on selling their homes or property for some cash.

Less than half — 40 per cent — were counting on an inheritance, while 34 per cent hoped to win a lottery. Twenty-eight per cent say they expect to get financial assistance from their children or other family members.

The online poll of 1,003 adults was conducted by Pollara between Nov. 18 and Nov. 22. The polling industry's professional body, the Marketing Research and Intelligence Association, says online surveys cannot be assigned a margin of error because they do not randomly sample the population.

https://www.cbc.ca/news/business/lottery-win-is-retirement-plan-for-34-of-poll-respondents-1.2517046
 
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