Reply to The median Boomer has a housing cost of $612. That includes taxes and insurance.

Forum Index » Real Estate

Reply to "The median Boomer has a housing cost of $612. That includes taxes and insurance. "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Stop your whining and get a therapist to help you deal with your very transparent issues with your parents. 
[/quote]

NP. My parents aren’t Boomers but I legitimately don’t see how people don’t understand why Millrennials/Gen Z/Gen Alpha feel enraged that no matter how hard they work they will never have the ability to build wealth the way previous generations did. [/quote]

I mean, neither can I and I'm 52. My dad retired from a fed gig after 20 years and got a pension equal to 75% of his last years salary, along with free healthcare for life. He unfortunately died 8 years later but my mom gets his pension until her death which isn't even on the horizon. She's getting somethin like 95K a year, every year, until she dies just off that. Another 4 grand a month in SS, house is paid, taxes are senior exempted, etc etc etc

Both my wife and I work full time  (white collar professionals) and we will never have anything close to that.

Life aint fair. Sometimes timing matters.[/quote]

Most people don't have pensions. Just career military and government workers. [/quote]

Right, that's my point. In my grandfather's era everyone had a pension and wages were proportionately higher.  My dad was born in '41 and most of his peers had pensions/retirement too.

My wife and I (both masters educated professionals) live frugally, invest heavily, sent kids to state schools, etc and will never get to  point where our investments generate $15,000 a month in income.

It just the way life works. The later you get to the party the crappier the food selection gets.[/quote]

Huh? Humans have never had it this good. 15k a month is a very high retirement income so I’m not sure why you highlight that income level. [/quote]

I highlighted it because it's what my mother recives from my dad's fed pension and SS.

It's not true that Americans have never had it this good. My grandfather bought a house, a lake house, always had two cars, raised three kids all through college with no debt and did it on a factory workers salary. And he had a fully funded 35 year retirement.

You're not doing that on an Aldi paycheck today.[/quote]

$15k per month is $180k per year.  If you are two "masters educated professionals," let's assume that you will each get $40k in social security benefits, for a total of $80k.  That leaves $100k.  If you use the 4% withdrawal method, you need an investment account of $2.5m to generate that amount.  It's more than likely that a masters educated professional will have a retirement account with $1.25m in it after 30+ years of working and "investing heavily."  [/quote]

You missed the point. An Aldi paycheck won't provide that.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics