The Fixed Income Myth - Page 5

kork13 · #81 (**permalink**) 01-10-2009, 05:55 AM

Quote:

Originally Posted by cschin4

I have no desire to live anyplace except the USA. I will eek out an existence and stay in my native land. That is just how I feel. I would die of homesickness and loneliness if I left and relocated to another country. I just wouldn't feel comfortable no matter what the standard of living. The only way I would leave is to escape persecution and abject poverty.

It's an interesting perspective.... I grew up outside the US, and traveled all over the world while I was young. With those experiences being the majority of my childhood, now finally living in the US feels almost awkward. I would happily live overseas again, and if I have anything to do with it, I will at some point. But as I said, it's a perspective thing. Some people are comfortable living outside what is totally familiar to them. Others prefer not to ever leave the US, or even their own state--and that's fine, because it's a matter of how you personally can be happy. Would I be happy living in the middle of Texas, Nebraska, or Iowa? Probably not. In Germany, Japan, or Australia? Without a doubt--but that's just me. Especially when you settle down and retire, I think it's important that you do it wherever you're going to be comfortable and can be happy, whether that's Boston, MA, Minot, ND, or the Phillippines.

PetMom · #82 (**permalink**) 01-10-2009, 06:14 AM

Interesting points made.

I will add:

yes, a deductible bill for a short hospital stay can have you on revolving payments with the accts. payable of the hospital.

Live in Texas and find out what electricity deregulation means for your wallet.

Also live in Tx. and have to replace an a/c for a very modest sized home ($4,000.00 to $5,000.00).

And as mentioned gas, food can always go way up further than any cola.

But,

a lot of people don't know that (here in Tx at least) a person over 65 living in a their primary residence does not have to pay property taxes on their resident. They do need to file a deferral of payment though - probably these taxes are taken out of any probate proceedings so eventually they are paid.

Exile · #83 (**permalink**) 01-10-2009, 06:00 PM

[quote=cschin4;202144I have no desire to live anyplace except the USA. I will eek out an existence and stay in my native land. That is just how I feel. I would die of homesickness and loneliness if I left and relocated to another country. I just wouldn't feel comfortable no matter what the standard of living. The only way I would leave is to escape persecution and abject poverty.[/QUOTE]

Cshin4. HELLO! Like SacredFaerie, you ignored or selectively read my post. I said that relocating to another country is just one way to enjoy life as a retiree and that every person needs to plan for the future in ways that are appropriate for that individual. The most obvious and simplest forms of course are saving and budgeting now for a comfortable tomorrow. How much clearer can I make this?

cschin4 · #84 (**permalink**) 01-11-2009, 10:32 AM

A bit touchy. I wasn't criticizing, just giving my perspective. Sheesh. Lighten up.

SacredFaerie · #85 (**permalink**) 01-11-2009, 08:15 PM

Quote:

Originally Posted by Exile

Cshin4. HELLO! Like SacredFaerie, you ignored or selectively read my post. I said that relocating to another country is just one way to enjoy life as a retiree and that every person needs to plan for the future in ways that are appropriate for that individual. The most obvious and simplest forms of course are saving and budgeting now for a comfortable tomorrow. How much clearer can I make this?

You can budget all you want to but if your savings or your stocks or your pension (or some creative collaboration of the three) are ripped from out under you, it sucks and you have the right to be mad about it.

Just like everyone can't move to the Philippines, everyone isn't bilking the system.

maat55 · #86 (**permalink**) 01-12-2009, 05:09 AM

Quote:

Originally Posted by SacredFaerie

You can budget all you want to but if your savings or your stocks or your pension (or some creative collaboration of the three) are ripped from out under you, it sucks and you have the right to be mad about it.

Just like everyone can't move to the Philippines, everyone isn't bilking the system.

Exile never said anyone was bilking the system, he said some where using fixed income from SS as an excuse for not paying their obligations.

Exile chose to move to a lower cost area to survive with what means he has and was not condemning anyone for staying in the U.S.

LivingAlmostLarge · #87 (**permalink**) 01-12-2009, 06:29 AM

Exactly. Much like moving to a lower COLA, the same goes for eating out. It's not a right to live in a HCOLA or eat out. It's a choice and a luxury.

paycheck2paycheck · #88 (**permalink**) 01-12-2009, 06:35 AM

Perhaps you could consider "fixed income" in this light.They saved planning for retirement with ss but what their $ could buy during their working years perhaps takes $5 now.Then consider what this market has done in terms of their retirement savings(my 401K,which by the way is a relative new investment vehicle that weren't available to most seniors,has dropped rather steeply in value)Imagine your savings being trashed the way it has been just these last 12 months and you're trying to manage under that "fixed income".Could it be that theirs isn't as "fixed" as the term leads you to believe.

LivingAlmostLarge · #89 (**permalink**) 01-12-2009, 07:48 AM

How is managing on a fixed income any different from surviving a layoff or firing? You have to cut back if the market is down.

Or if you were working and took a salary cut instead of being laid off?

Exile · #90 (**permalink**) 01-12-2009, 06:53 PM

Quote:

Originally Posted by SacredFaerie

You can budget all you want to but if your savings or your stocks or your pension (or some creative collaboration of the three) are ripped from out under you, it sucks and you have the right to be mad about it.

Just like everyone can't move to the Philippines, everyone isn't bilking the system.

See post #71 SacrefFaerie. Did I not acknowledge the fact that the meltdown has made it more difficult to save and budget? I reiterate that DW and I were lucky to get out when we did (in 2005). There's no way that we could have pulled it off if we were caught in today's economy. BTW, so far the Philippines financial system has been spared the fallout from the collapse, but there are predictions that things may change for the worse this year.

Quote:

Originally Posted by maat55

Exile never said anyone was bilking the system, he said some where using fixed income from SS as an excuse for not paying their obligations.

Exile chose to move to a lower cost area to survive with what means he has and was not condemning anyone for staying in the U.S.

Quote:

Originally Posted by LivingAlmostLarge

Exactly. Much like moving to a lower COLA, the same goes for eating out. It's not a right to live in a HCOLA or eat out. It's a choice and a luxury.

maat55 and LivingAlmostLarge, thank you both for summarizing my perspective so succinctly.

kork13 · #91 (**permalink**) 01-12-2009, 07:05 PM

Exile, I've been wondering... what part of the Phillippines are you living? I grew up in Guam, and my family's there now, so alot of my friends were all Filipino, and i've just been wondering where you're hailing from exactly.
(sorry for the tangent)

LivingAlmostLarge · #92 (**permalink**) 01-12-2009, 07:59 PM

Trust me I know it's a choice to live where I live. I want to and hope to move to somewhere cheaper. But at the end of the day it's my choice.

SacredFaerie · #93 (**permalink**) 01-13-2009, 05:28 PM

What in the world was the point of this thread then? To pat yourself on the back? What you managed to do with your finances is to be applauded but you could have worded it better.

maat55 · #94 (**permalink**) 01-13-2009, 05:34 PM

Quote:

Originally Posted by SacredFaerie

What in the world was the point of this thread then? To pat yourself on the back? What you managed to do with your finances is to be applauded but you could have worded it better.

IMO, the point of the thread was to say that being on an fixed income is no excuse for not paying your debts. Exile uses himself as one example that even someone on SS can find a way to live within their means.

Exile · #95 (**permalink**) 01-14-2009, 07:05 PM

Quote:

Originally Posted by kork13

Exile, I've been wondering... what part of the Phillippines are you living? I grew up in Guam, and my family's there now, so alot of my friends were all Filipino, and i've just been wondering where you're hailing from exactly.
(sorry for the tangent)

DW and I live in community called Eastwood City which is located on the east side of Quezon City.

Quote:

Originally Posted by SacredFaerie

What in the world was the point of this thread then? To pat yourself on the back? What you managed to do with your finances is to be applauded but you could have worded it better.

See maat55's comment as quoted below. As I indicated in my previous posts, Maat55 "got it". Perhaps if you had been equally attentive, you might also have understood it.

Quote:

Originally Posted by maat55

IMO, the point of the thread was to say that being on an fixed income is no excuse for not paying your debts. Exile uses himself as one example that even someone on SS can find a way to live within their means.

SacredFaerie · #96 (**permalink**) 01-14-2009, 07:59 PM

I typed up this whole paragraph but it would be pointless to post it. Watch your words.

sydneysky84 · #97 (**permalink**) 01-14-2009, 11:24 PM

no way i wont to really on ss

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