First Prev
of 2
Next Last
GetReal

Yucaipa, CA

#22 Aug 24, 2013
I can't remember how long ago I got 10% in interest. Mutual funds seem to be doing better, but I took a bath for quite a few years there. I'll be lucky if I ever make up what was lost. I have to start taking out of the 401 by age of 72. I'm hoping that the market will stabilize and continue to grow before then. I don't know what you're using the age 65 for? If there is any social security left it won't be for the young people of today--the age keeps getting raised. Even with the bursting of the housing bubble, I think the housing market is still over inflated. What kind of income do you need to sustain these houses and a way of life if you have a family? And yet we continue to have our taxes increased, so we can pay for the people who have no intention of self-sustaining themselves and continue with our open borders. The whole mess sickens me!
The more you know

Hemet, CA

#23 Aug 25, 2013
GetReal wrote:
I can't remember how long ago I got 10% in interest.
That's too bad for you. I'm still getting 10 percent and have been averaging that since the mid 80s, when at age 19 I read in USAToday's financial page about IRAs. I started one up and I've put in 200 a month, and will continue to do so til I retire, and though I've got other investments I'm working on. I'll retire with 2 million alone from my IRA, even though I've never made more than 40,000 dollars a year at any job I've worked at. You can still get 10 percent on IRAs and other investments if you open an account today, by the way.
GetReal

Yucaipa, CA

#24 Aug 25, 2013
Well you're doing a good job, way to go!
Wei Phook Naiw

Hemet, CA

#25 Aug 25, 2013
The more you know wrote:
<quoted text>That's too bad for you. I'm still getting 10 percent and have been averaging that since the mid 80s, when at age 19 I read in USAToday's financial page about IRAs. I started one up and I've put in 200 a month, and will continue to do so til I retire, and though I've got other investments I'm working on. I'll retire with 2 million alone from my IRA, even though I've never made more than 40,000 dollars a year at any job I've worked at. You can still get 10 percent on IRAs and other investments if you open an account today, by the way.
You need wife? I wife! Cook suck too times day!
brb

Highland, CA

#26 Aug 25, 2013
The more you know wrote:
<quoted text>
Your math is based on putting 50 bucks a month under your mattress, and waiting until you were in your forties to start putting it there. Interest can do some great things. Here's some math for you: the person in question is collecting social security, so they are at least in their sixties. If they had started putting away 50 dollars a month over the last 30 years, beginning at age 35, and getting a modest ten percent annual return (which is a pretty conservative), and never took any money out, they'd actually have 103,000 by the time they hit age 65. At that point they take out all the interest yielded from that year, never touch the principal, and that's a ten thousand dollar a year supplement to their social security. It's not a huge amount, but it bumps them up from a thousand a month to over 1800 a month. It's not a huge amount to live on but a single senior can definitely make do on that amount.
Even better if they had started when they were 25. 50 bucks a month invested a ten percent interest starting at age 25 would have them at 277,000. But that would take good planning, and some thought for the future.
thats great and fantastic but even your fantasy scenario does not leave you enough to retire on.. i think its great you can afford to put 200 away a moth and take clarck howards advice on retirement but to pretend that is a option for everyone is really silly.. life happens buddy.. not everybody can put 200 a month away.
Chris

Murrieta, CA

#27 Aug 26, 2013
Also switch from your standard 401k to a roth 401k, And you will see bigger returns as well.
Ohhh

Yucaipa, CA

#28 Aug 26, 2013
10% right now is pretty darn good. I have a pretty diverse portfolio. A Roth won't get you a bigger return, you're just paying taxes now so you don't have to later. Anyway, still the best made plans go awry.
Just Me

Marina Del Rey, CA

#30 Aug 26, 2013
The problem with taking empty buildings is,
1 someone owns the property and would have to charge rent to whomever rents it.
2 Sure they can sell it to someone with the money and who is willing to fund all the costs of running a homeless shelter (ie: electricity, gas, taxes on the property, food, water, trash, upkeep, staff, beds & bedding, install showers, supply toiletries, security, etc.

I do feel for the most of the homeless but it has gotten so bad that it is hard to tell if the homeless people we are seeing is a no good, rotten person who just wants handouts to buy their drugs, tobacco and booze and who refuses to work to support themselves or if they are homeless because a bad turn of events (ie: lost job, lost home, etc).

Several months ago I was at the Hemet Walmart and inside was a woman in a wheel chair. I suspect she was diabetic because of the bad condition of her legs ( I am diabetic so I would notice that), so she was in line and bought a few packs of cigarettes. Then she wheeled herself out side nd planted herself buy the door but kind of "hidden" from view of the Walmart employees. I watched her begging for money to feed her kids. She gave sob story after sob story about how her kids where really hungry and needed something to eat. So why in the hell would she take the money from the kind people and use it to buy cigarettes? Wouldn't you think if her kids were starving, that she would buy them food to eat? She is a liar who uses children to get money for her smoking habits. And you know what? She was older than I am! She is a senior citizen so I highly doubt she had young children to support. It is people like her that make me not help others. But still, If someone asks my for a meal, I will feed them. If they are thirsty, I will buy the water, tea or a soda, whatever they ask. Do I give out money? Not anymore. I cannot trust that it won't be used for bad habits.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 2
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Hemet Discussions

Title Updated Last By Comments
Debate: Marijuana - Winchester, CA (Sep '10) 11 hr Pink 11
corruption with Riverside county CPS Fri SAD BUT TRUE 11
How come all Hemet sex offenders addresses aren... (Dec '08) Thu lARRY mILLER9626 12
Review: R G Deck Coatings Inc Thu Annonymous 1
San Jacinto Woman Accused of Stabbing Boyfriend... Dec 24 lupita garcia 1
One of Two Suspects Arrested in Jack-in-the-Box... Dec 23 Amazed 12
San JacintoUnlock parks, San Jacinto residents say Dec 22 SJskin 1

Hemet News Video

Hemet Dating
Find my Match
More from around the web

Hemet People Search

Addresses and phone numbers for FREE

Hemet News, Events & Info

Click for news, events and info in Hemet

Personal Finance

Mortgages [ See current mortgage rates ]

NFL Latest News

Updated 8:27 am PST