Have you been impacted?
By the economic downturn? When I retire next year I will be a dirt poor, white trash, Meigs Co. Ohio resident. The biggest difference in Meigs County Ohio is I still have my own teeth. The downturn has hurt my ability to survive retirement to the point I am postponing it for at least six months.
Question, for you retired folks, (GOD Bless you all) has the downturn impacted your ability to survive, or maintain the retirement you enjoyed two short years ago?
If you are impacted how have you had to adjust?
-
Truthful, that is the problem, people in congress do understand that corporations pass the tax onto the consumer, they are hoping that the consumer doesn’t understand. Anytime you hear them start saying people have to pay their fair share, in essence that’s their political way of saying, we are raising taxes on everyone.
I’m fortunate in that I have a really good pension plan, I can’t collect social security as we payed into are pension plan. What we would have payed into social security went to social security but I can’t collect. I collect RailRoad Retirement. I was paying over a thousand dollars a month into it when I retired.
0 -
truthful: 30436961172763/comments/30436977495323
How can people in Congress be so stupid as to not realize that corporations do not pay taxes? Increasing the corporate tax rate just increases the price that a corporation's customers pay for their products. That in turn increases inflation. What a bunch of idiots.
Hush-hush now....don't you know the corporations are the biggest re-election donors on the planet, not the average taxpayers. That so called "democrat conservative" West Virginia senator (Manchin or whatever his name is) list of donors just came out yesterday...Shocking 😮, he along with lying/crooked politicians should be all castrated live on TV when caught.
0 -
Not feeling it because we have always been savers and not spenders.
Where we are feeling is in the income from out concession business. The last two events we did revenue was down 40%. We are coming into our big fair season, if all the events are down by 40% we will not be happy.
It is definitely the economy. Both of our recent events were in big tourist areas where last year there was not a single vacancy sign and there was 1-2 hour waits to get into a restaurant.
This year saw many a vacancy sign and you could walk right into a restaurant.
0 -
waltermoe: 30436961172763/comments/30436983087515
Truthful, that is the problem, people in congress do understand that corporations pass the tax onto the consumer, they are hoping that the consumer doesn’t understand. Anytime you hear them start saying people have to pay their fair share, in essence that’s their political way of saying, we are raising taxes on everyone.
I’m fortunate in that I have a really good pension plan, I can’t collect social security as we payed into are pension plan. What we would have payed into social security went to social security but I can’t collect. I collect RailRoad Retirement. I was paying over a thousand dollars a month into it when I retired.
sadly, there are those who will say “I’ll take those freebies “. “ it’s ok because the government is paying for it”. Those are the idiots the politicians are further indoctrinating
9 -
Entitlements of housing, food, will never go away for the poor. Folks that take govt funding to house those folks are legally operating within the law. Just because some choose to live in poverty is the govt. problem. Those loop holes the politicians created work and will continue to make folks wealthy. Donald Trump is a prime example. His Father gave him money to start low income housing , he did and sold the property when it had no vacancy. In a business world you must and I mean must use all govt programs to your advantage.. even free grant money that can start business and create tax revenue . Freebies are govt created one must know how to use them.
3 -
My plan is to retire next July at 65 years 4 months old. If I need extra income I will do what is needed to make ends meet and not dip into savings. I have a pretty well stocked wood shop now with good tools, insulated and heated. I even have A/C installed. I can make all sorts of "stuff" from local wood that is almost free for me to get. All it will take is time and patience. With the tools I have and the love of working with my hands I should be fine until the Lord calls me home.
I appreciate all of your input and wisdom.
0 -
savage170: 30436961172763/comments/30436930289563
It has pushed my retirement plans back the 401 has taken a major hit
mine too
0 -
Impacted? Not sure. Affected? Heck yea. Prices have gone up significantly on things I use while my income has not kept pace. I’ve sacrificed net worth to maintain the life style I want…and budgeted for to get me through my remaining years. Long term this means little to me (my heirs might be disappointed!), but I spent decades preparing. What sucks is that so many good folks are being crushed and those in power don’t care.
9 -
On paper yeah with the stock market drop, but it will rebound, otherwise we are saving for more travel.
0 -
truthful: 30436961172763/comments/30436977495323
How can people in Congress be so stupid as to not realize that corporations do not pay taxes? Increasing the corporate tax rate just increases the price that a corporation's customers pay for their products. That in turn increases inflation. What a bunch of idiots.
Congress realizes that, they fixed it that way.
3 -
I'm not affected in a direct daily sense, but (being a cheap-a$$) I find myself greedily shopping for bargains. I just hate paying double what I did a couple of years ago for identical items. Ive always been sort of a miser, and it pays off in retirement because I haven't even had to touch my Social Security money although I've been having it direct-deposited for five years. (I waited to start collecting until age 70 to get the max benefit.) I feel so sorry for people who genuinely have been caught in the inflation mess through no fault of their own. With milk doubling in price and eggs tripling, little kids still have to be fed. It's not those kids' fault -- they didn't get to vote for their parents or their politicians.
3
Please sign in to leave a comment.
Comments
41 comments