Comments on: First Baby Boomer Applies For Social Security — Let The Games Begin http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/ Real Estate Investing through Purposeful Planning Thu, 20 Nov 2008 09:36:35 +0000 http://wordpress.org/?v=2.0.11 by: The Odysseus Medal competition — Voting for the People’s Choice Award is open | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3093 Mon, 22 Oct 2007 16:03:41 +0000 http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3093 [...] Here is this week’s short-list of Odysseus Medal nominees: Dan Green — Housing starts, Why The Terrible Housing Starts Number Could Be A Signal Of The Housing Market’s RecoveryKris Berg — Paper trained, Paper TrainedBrian Brady — Blog compliance, Disingenuous Diatribe: Compliance is Crap-It’s About the CashMorgan Brown — FHA secure, Qualifying for FHASecure and Refinancing in a Changed Mortgage WorldJeff Brown — Hyperlocal blogging, House Agents — Wanna Start the New Year Kickin’ Ass? Here’s HowKris Berg — Face time, Face Time or Facebook?Jim Cronin — Blogging for buyers, Looking For Ready To Act Buyers? Blog These Proven To Succeed Real Estate TopicsDan Melson — Going vertical, Economics of Home Ownership in High Density AreasJeff Brown — Social Security, First Baby Boomer Applies For Social Security — Let The Games BeginMorgan Brown — Wholesaling DOA?, Dead Man Walking - Wholesale Lending is Marching Towards ExtinctionBenn Rosales — Despised Realtor, Realtor most despised - an open letterJim Duncan — Wharton calumnies, Whither false blame? [...] […] Here is this week’s short-list of Odysseus Medal nominees: Dan Green — Housing starts, Why The Terrible Housing Starts Number Could Be A Signal Of The Housing Market’s RecoveryKris Berg — Paper trained, Paper TrainedBrian Brady — Blog compliance, Disingenuous Diatribe: Compliance is Crap-It’s About the CashMorgan Brown — FHA secure, Qualifying for FHASecure and Refinancing in a Changed Mortgage WorldJeff Brown — Hyperlocal blogging, House Agents — Wanna Start the New Year Kickin’ Ass? Here’s HowKris Berg — Face time, Face Time or Facebook?Jim Cronin — Blogging for buyers, Looking For Ready To Act Buyers? Blog These Proven To Succeed Real Estate TopicsDan Melson — Going vertical, Economics of Home Ownership in High Density AreasJeff Brown — Social Security, First Baby Boomer Applies For Social Security — Let The Games BeginMorgan Brown — Wholesaling DOA?, Dead Man Walking - Wholesale Lending is Marching Towards ExtinctionBenn Rosales — Despised Realtor, Realtor most despised - an open letterJim Duncan — Wharton calumnies, Whither false blame? […]

]]> by: BawldGuy http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3055 Fri, 19 Oct 2007 03:39:01 +0000 http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3055 MW - I was referring to those who have been fortunate enough to have been able to have the investment capital to create a better than average retirement. MW - I was referring to those who have been fortunate enough to have been able to have the investment capital to create a better than average retirement.

]]> by: Minimum Wage http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3052 Fri, 19 Oct 2007 00:13:44 +0000 http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3052 It's really hard to save anything when you earn minimum wage and have student loan debt. Less spending money in Europe? Surely you jest. It’s really hard to save anything when you earn minimum wage and have student loan debt. Less spending money in Europe? Surely you jest.

]]> by: BawldGuy http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3040 Wed, 17 Oct 2007 16:11:02 +0000 http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3040 Boomers haven't turned out the way their Greatest Generation parents had hoped. Though I wasn't a part of the 60's movements, many of our problems originated from that decade's fertile soil. The main problem, as I observe it, is the carefree attitude that survived the '60's. Their parents so wanted their kids to have it better than they did, the kids, at least many of them, appear to have grown up with a sense of entitlement. As they're approaching retirement age, a large segment of them are beginning to realize the only 'entitlement' they're gonna get is SS - and now maybe not even that. Lack of planning is their enemy. This is why I pound the concept of Purposeful Planning so much. Those who have planned are looking forward to their impending retirement with a smile on their face and a song in their heart. No SS? All that means is a little less spending money in Europe this year. Boomers haven’t turned out the way their Greatest Generation parents had hoped. Though I wasn’t a part of the 60’s movements, many of our problems originated from that decade’s fertile soil.

The main problem, as I observe it, is the carefree attitude that survived the ’60’s. Their parents so wanted their kids to have it better than they did, the kids, at least many of them, appear to have grown up with a sense of entitlement.

As they’re approaching retirement age, a large segment of them are beginning to realize the only ‘entitlement’ they’re gonna get is SS - and now maybe not even that.

Lack of planning is their enemy. This is why I pound the concept of Purposeful Planning so much. Those who have planned are looking forward to their impending retirement with a smile on their face and a song in their heart.

No SS? All that means is a little less spending money in Europe this year.

]]> by: Chris Lengquist http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3039 Wed, 17 Oct 2007 13:23:22 +0000 http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3039 I like to blame Boomers. Because in many ways they have always thought of themselves as the "important" generation. Remember, they insisted they would change the world. Well, they didn't. They just expanded on it's problems. Knowing that you are one of "them" I will get arguments. :) Lack of planning or achieving goals is not relegated to any particular generation. (With the possible exception of the WWII guys...what they accomplished was amazing.) The Boomers were just so large that there will be consequences lasting generations. I like to blame Boomers. Because in many ways they have always thought of themselves as the “important” generation. Remember, they insisted they would change the world. Well, they didn’t. They just expanded on it’s problems.

Knowing that you are one of “them” I will get arguments. :)

Lack of planning or achieving goals is not relegated to any particular generation. (With the possible exception of the WWII guys…what they accomplished was amazing.) The Boomers were just so large that there will be consequences lasting generations.

]]> by: Minimum Wage http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3035 Wed, 17 Oct 2007 05:15:38 +0000 http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3035 Hmmm, I've never wasted my money on leased luxury cars or too-big homes. (I'm living in 300 sq ft now.) I can't think of bad decisions - I stayed in school, got excellent grades and test scores, never did crime or drugs or any of that culture-of-poverty stuff. I'd like to own rental property instead of being on the wrong end of the transaction. Where do I sign up? Hmmm, I’ve never wasted my money on leased luxury cars or too-big homes. (I’m living in 300 sq ft now.) I can’t think of bad decisions - I stayed in school, got excellent grades and test scores, never did crime or drugs or any of that culture-of-poverty stuff. I’d like to own rental property instead of being on the wrong end of the transaction. Where do I sign up?

]]> by: BawldGuy http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3033 Wed, 17 Oct 2007 02:13:02 +0000 http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3033 Take a little wider stance on that soapbox Chris. You'll fall. :) Take a little wider stance on that soapbox Chris. You’ll fall. :)

]]> by: BawldGuy http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3032 Wed, 17 Oct 2007 02:12:17 +0000 http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3032 Michael - I have no more confidence than you do in the continued existence of SS. Yeah, the Dems are far more culpable for this fiasco, but the other guys are far from clean on this. On paper, if you didn't know his name, you'd swear, when it comes to domestic spending, President Johnson had been magically put back into office. :) Seriously? Once we get away from taking fish from the haves to keep giving to the have nots, and start teaching the have nots to fish..... As far as the younger generations - in the end they're either gonna plan for their retirement or not. The more things change, the more they stay the same. Michael - I have no more confidence than you do in the continued existence of SS. Yeah, the Dems are far more culpable for this fiasco, but the other guys are far from clean on this. On paper, if you didn’t know his name, you’d swear, when it comes to domestic spending, President Johnson had been magically put back into office. :)

Seriously? Once we get away from taking fish from the haves to keep giving to the have nots, and start teaching the have nots to fish…..

As far as the younger generations - in the end they’re either gonna plan for their retirement or not. The more things change, the more they stay the same.

]]> by: Chris Lengquist http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3029 Wed, 17 Oct 2007 01:14:57 +0000 http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3029 I own rental property. That way if SS is there I get it. If not, I don't worry about it. End of my story...at 42 I'm smart enough to figure this out. Now if all you Baby Boomers would quit wasting your money on leased luxury cars and homes too big for your family maybe then you can have a savings account, too. I'm sorry, did that sound harsh? I guess that is what happens when you realize you'll be paying in your whole life while those before you fight to raise your taxes so they can live comfortably despite the wasteful excess the threw about so carelessly. I better stop here... :) I own rental property. That way if SS is there I get it. If not, I don’t worry about it. End of my story…at 42 I’m smart enough to figure this out.

Now if all you Baby Boomers would quit wasting your money on leased luxury cars and homes too big for your family maybe then you can have a savings account, too.

I’m sorry, did that sound harsh? I guess that is what happens when you realize you’ll be paying in your whole life while those before you fight to raise your taxes so they can live comfortably despite the wasteful excess the threw about so carelessly.

I better stop here… :)

]]> by: Michael Cook http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3028 Wed, 17 Oct 2007 01:05:31 +0000 http://www.bawldguy.com/first-baby-boomer-applies-for-social-security-let-the-games-begin/#comment-3028 Jeff, You are certainly a champion for the boomers. I dont have any notions of SS even being around when I retire, so if you get it you will probably be better off than my generation. Are we stopping to ask why there is no money though? The government spent years using SS as their personal piggy bank. As a die hard Democratic, I probably bear significant blame for that, though Big Spender George Bush has taken some of the heat off of me. While I think a lot of boomers out there have a very real problem to deal with, it is even worse for Gen X,Y (me), and the Echo Boomers. We dont have a choice. Not only do we have to save, but we have to choose our vehicles very carefully for tax purposes. Save too much pre tax and we get hit hard (perhaps harder than if we saved after tax). Its sad to see my parents having to start new careers after retirement. Jeff,

You are certainly a champion for the boomers. I dont have any notions of SS even being around when I retire, so if you get it you will probably be better off than my generation.

Are we stopping to ask why there is no money though? The government spent years using SS as their personal piggy bank. As a die hard Democratic, I probably bear significant blame for that, though Big Spender George Bush has taken some of the heat off of me.

While I think a lot of boomers out there have a very real problem to deal with, it is even worse for Gen X,Y (me), and the Echo Boomers. We dont have a choice. Not only do we have to save, but we have to choose our vehicles very carefully for tax purposes. Save too much pre tax and we get hit hard (perhaps harder than if we saved after tax). Its sad to see my parents having to start new careers after retirement.

]]>