RE: No retirement -- MIDRANGE-L

Someone else mentioned the 401k.  I will add also the Roth-IRA.  Both of
these investing vehicles cannot and should not be turned down.  They are
both used for "long-haul" invensting.  In otherwords, compounding interest
is your friend.  You'd be amazed how much money you have after only 25
years....

Bradley V. Stone
Taylor Corporation - OASIS Programmer/Analyst   
bvstone@taylorcorp.com


> -----Original Message-----
> From: Krys Theodore [SMTP:ktheodore@marksbros.com]
> Sent: Wednesday, November 25, 1998 12:17 PM
> To:   'MIDRANGE-L@midrange.com'
> Subject:      RE: No retirement
> 
> As I have gotten older, I have become more concerned about this issue.  I 
> don't think that I have an option at this point.  I will be closing in on 
> 60 when my daughter gets out of college.  I expect that will take most of 
> my savings.  While I will never regret my 'late-in-life' child, I would 
> love to know how I will ever be able to retire.
> 
> ----------
> From:         HankHeath@aol.com[SMTP:HankHeath@aol.com]
> Reply To:     MIDRANGE-L@midrange.com
> Sent:         Wednesday, November 25, 1998 9:36 AM
> To:   MIDRANGE-L@midrange.com
> Subject:      No retirement
> 
> I've been reading recently that a lot of the baby boomers in the U.S. are
> coming to an astounding deduction: they may not be able to retire. 
> Government
> assistance such as Social Security is unsupportable and too little, too 
> late.
> The baby boomer generation has had to speculate on real estate, which has 
> not
> shown the returns they need to settle into a retirement home. They have
> had
> children late in life, whom they now have to support through college and 
> more.
> Pension plans  and savings have not been well managed. Inheritances are 
> over-
> taxed. In other words, there is little left to take to the sunny beaches
> of
> retirement.
> 
> For a person like my self, this is not a major problem. I have always
> loved
> work, and planned to stay on board until someone kicked me out of the
> organization. However, I am curious as to how this retirement scenario is
> viewed by Midrangers? What do you folks plan on doing?
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